Daily learning desk
Daily, weekly and monthly updates for government exam preparation.Stay updated. Stay ahead.
7 August 2026 · verified exam-relevant news
Latest digest · 7 August 2026
Curated from PIB, RBI, All India Radio and verified national sources — organised for UPSC, SSC, Banking, Railway and State-PSC revision.
24 verified current-affairs updates for major exams.
The Reserve Bank of India has revised regulations for mobile device financing, mandating lenders to restore device functionality within one hour of payment confirmation and capping borrower compensation at the total loa…
Read full story
Foreign Portfolio Investors (FPIs) and trading firms are urging SEBI and the Centre to reduce Securities Transaction Tax (STT) to address double capital gains taxation concerns. RBI's strict leverage rules risk driving…
Read full story
Major banks including Yes Bank, SBI, and MUFG Bank have revised their RBI rate hike expectations downward following the central bank's dovish stance on inflation. This shift reflects reduced monetary tightening expectat…
Read full story
Oil prices surged on Friday as geopolitical tensions escalated around the Strait of Hormuz, with Iran and Oman considering restrictions on hostile vessels. Brent crude rose to $83.48/barrel and WTI to $78.84/barrel amid…
Read full storyThe Union Cabinet approved GOBARdhan, India's National Unified Scheme for Compressed Biogas, with an outlay of Rs.23,731 crore for FY 2026-27 to FY 2035-36. The scheme aims to increase domestic CBG production nearly ten…
Read full storyUnion Minister Dr. Jitendra Singh informed Rajya Sabha that Gaganyaan mission has achieved major milestones including completion of Human Rated Launch Vehicle (HLVM3) development, Crew Escape System testing, and establi…
Read full storyRBI issued final Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' effective January 1, 2027, after incorporating stakeholder feedback on the May 20, 2026 dra…
Read full storyThe LVM3-M6 mission successfully launched AST SpaceMobile's 6,100 kg BlueBird Block-2 satellite into 520 km LEO, marking the heaviest payload from Indian soil. This demonstrates India's growing commercial launch capabil…
Read full story
The Union government has opposed petitions seeking an income-based creamy layer exclusion for SC/ST reservations in education and public employment. It argued that judicial precedent, including the Indra Sawhney and Jar…
Read full storyThe RBI released the 2026-27 list of 17 NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation, based on financials as of March 31, 2026. The framework, governed by the 2025 Directions, categorizes NBFCs into f…
Read full storyThe Parliamentary Standing Committee on Commerce, chaired by Ms. Dola Sen, presented its 200th Report on 'Evaluation of India-US Trade Relations' to Parliament on August 6, 2026. The report analyzes US tariff impacts ac…
Read full storyRBI issued draft directions on August 5, 2026, to replace the 2025 Concentration Risk Management and Credit Facilities guidelines for Rural Co-operative Banks (RCBs). Key proposals include prudential exposure limits for…
Read full storyThe Reserve Bank of India released Reserve Money data for the fortnight ended July 31, 2026, via Press Release 2026-2027/824. Reserve Money, a key monetary aggregate comprising currency in circulation and bank reserves,…
Read full storyThe Reserve Bank of India has released the draft 'Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026' for public consultation. Stakeholders are invited to submit comme…
Read full storyRBI announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-XI at ₹14,564 per unit, effective August 7, 2026. This redemption is permitted after the fifth year from the issue date (February…
Read full storyThe Cabinet Committee on Economic Affairs approved the 135.87 km Guwahati-Tezpur 4-lane access-controlled corridor on NH-15 in Assam at Rs 8,970.20 crore under BOT Toll mode. The project includes 5 major bypasses (58.7…
Read full storyUnion Ayush Minister Prataprao Jadhav chaired the 27th Governing Body meeting of CCRAS in New Delhi, inaugurating research infrastructure at Pune, Ranikhet, and Nagpur. He launched CCRAS-PARAMPARA for documenting local…
Read full storyOn August 5, 2026, RBI's money market operations showed net liquidity absorption of ₹3,55,001 crore, primarily driven by massive SDF usage of ₹3,55,172 crore at 5.00%. The overnight segment recorded ₹6.24 lakh crore vol…
Read full story
Bangladesh warned of likely ramifications on bilateral ties after former PM Sheikh Hasina made accusations during a press event in India. Dhaka termed the remarks an affront to its sovereignty and a grievous insult to t…
Read full story
The Reserve Bank of India (RBI) maintained the repo rate at 5.25% for the fourth consecutive policy review, retaining a neutral stance. It raised the FY27 real GDP growth forecast to 6.7% from 6.5% and lowered the avera…
Read full storyThe Ministry of Electronics and Information Technology (MeitY) questioned Meta's global team in New Delhi on compliance with Indian laws, emphasizing that platforms cannot operate solely under US laws. The discussions f…
Read full storyThe Appointments Committee of the Cabinet (ACC) approved one-year tenure extensions for Cabinet Secretary Dr. T.V. Somanathan and Union Home Secretary Govind Mohan beyond August 30, 2026. Dr. Somanathan, a 1987-batch IA…
Read full storyExternal Affairs Minister Dr S Jaishankar emphasized India's commitment to inclusive, demand-driven development cooperation with Africa during Africa Day celebrations in New Delhi. He highlighted India's position as one…
Read full storyIran announced it is in the final stage of drafting an agreement with Oman over the Strait of Hormuz, a critical global oil chokepoint. US President Donald Trump indicated a deal could be announced this week. If finalis…
Read full storyFree daily digest
Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 7 August 2026.
Read the latest digestBest value
One yearly pass for eligible mocks, release-cleared reader assets and progress analytics.
Revision
Download the 7 August 2026 daily digest without buying anything. Monthly compilations are listed only after the English and Hindi files pass publication QA.
