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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.
RBI's Weekly Statistical Supplement (Jul 31, 2026) shows India's forex reserves at $692.87 billion, rising $10.5 billion weekly. Gold reserves fell $10.65 billion since March 2026 while SDRs rose marginally. Scheduled c…
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The Supreme Court quashed the 2021 Office Memorandum that allowed ex post facto environmental clearances, ruling it violated the Environment Protection Act, 1986 and the precautionary principle. The Court upheld the Cen…
Read full storyRBI has released draft directions for a revised Credit Valuation Adjustment (CVA) Framework, 2026, updating the 2011 guidelines based on final Basel III standards. The new framework permits banks to adopt the Basic Appr…
Read full storyThe 412th Report of the Parliamentary Standing Committee on Science & Technology, Environment, Forests & Climate Change, chaired by Dr. Medha Vishram Kulkarni, was presented in Parliament on August 7, 2026. It highlight…
Read full storyThe 166th Report of the Department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice, chaired by Shri Brij Lal, MP (Rajya Sabha), was presented to both Houses of Parliament on Aug…
Read full storyUS President Donald Trump signed two executive orders targeting birthright citizenship and birth tourism, challenging the 14th Amendment's citizenship clause. The move follows a Supreme Court ruling he criticized as 'un…
Read full storyIndia successfully test-fired the medium-range ballistic missile Agni-4 from the Integrated Test Range at Chandipur, Odisha. The launch, conducted under the Strategic Forces Command, validated all operational and techni…
Read full storyThe Reserve Bank of India (RBI) has released the draft Eleventh Amendment Directions, 2026, proposing amendments to Chapter VII (Leverage Ratio Framework) of the Prudential Norms on Capital Adequacy Directions, 2025. Th…
Read full storyRBI conducted money market operations on August 6, 2026, with a net liquidity absorption of ₹3,72,009 crore. Key operations included a 4-day Variable Rate Reverse Repo (VRRR) of ₹1,30,286 crore at 5.24%, MSF borrowing o…
Read full storyThe RBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction of ₹2 lakh crore on August 10, 2026, under the Liquidity Adjustment Facility (LAF) to manage surplus liquidity. The auction window operates from 9:30 A…
Read full storyRBI announced auction of State Government Securities (SGS) worth ₹15,300 crore on August 11, 2026, involving six states — Andhra Pradesh, Gujarat, Maharashtra, Meghalaya, Punjab, and Rajasthan. The auction includes both…
Read full storyPrime Minister Narendra Modi will attend the 57th Convocation of IIT Delhi on August 8, 2026, as Chief Guest, addressing over 3,000 graduates including 587 Ph.D. scholars. He will present prestigious awards like the Pre…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited on August 3, 2026, for non-compliance with KYC Directions and Fair Practice Code. The penalty was levied u…
Read full storyRBI released provisional data on sectoral credit deployment by NBFCs and HFCs for June 2026, covering 87% of total credit. Overall NBFC credit grew 14.4% y-o-y, up from 11.1% a year ago. Agriculture credit surged to 17.…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹3.90 lakh on Utsav Securities Limited on August 3, 2026, for non-compliance with RBI directions on governance and submission of credit data to Credit Information…
Read full storyThe Reserve Bank of India announced the auction of Government of India Treasury Bills for a total notified amount of ₹24,000 crore, comprising 91-Day (₹9,000 crore), 182-Day (₹8,000 crore), and 364-Day (₹7,000 crore) te…
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India has formally assigned names to 27 places in Arunachal Pradesh, countering China's earlier move of assigning 'fictitious names' to the same territory. This is the fourth such list released by India since 2017, rein…
Read full storyIndia and Bhutan held a high-level bilateral meeting in New Delhi on trans-border river cooperation. The Indian delegation was led by Union Jal Shakti Minister C R Patil, while Bhutan was represented by Energy and Natur…
Read full storyUnion Minister Sarbananda Sonowal inaugurated the 2nd National Port Security Conference 2026 in New Delhi, emphasizing technology-driven maritime security transformation. He stressed that port evaluation must include re…
Read full storyThe 19th India-Singapore Foreign Office Consultations were held in New Delhi, co-chaired by Secretary (East) Rudrendra Tandon and Singapore's Permanent Secretary (Policy). Both sides reviewed bilateral cooperation under…
Read full storyThe Centre has notified the Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Act, 2025, enabling reservation of Assembly seats for STs in Goa. Published in The Gazette of…
Read full storyThe Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007, empowering the government to authorize banks and service providers to levy charges on UPI and other notified electronic payment transact…
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On August 7, 2026, Houthi missile attacks killed 58 Saudi-backed Yemeni government forces, escalating conflict in West Asia. The violence heightened fears over the security of the Strait of Hormuz, a critical global oil…
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The Ministry of Home Affairs has issued new guidelines prohibiting solar, wind, and other renewable energy projects within 1 km of India's international borders. The order also bars engineers or staff from China, Bangla…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 7 August 2026.
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