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2 August 2026 · verified exam-relevant news
Latest digest · 2 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.
India approved only one Chinese FDI proposal worth Rs 1 crore in FY26, while clearing 13 Hong Kong proposals totaling Rs 610.42 crore. Overall, 63 FDI proposals worth Rs 10,292.67 crore were approved. Singapore and the…
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The Reserve Bank of India is expected to keep the benchmark repo rate unchanged in its August 2024 monetary policy review, maintaining a hawkish stance due to persistent inflation risks. The decision is influenced by th…
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Assam has commenced self-enumeration for Census 2027, marking the first digital census exercise in the state. The process was suspended in two flood-affected districts due to operational challenges. According to the 201…
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Tamil Nadu will approach the Supreme Court on August 3, 2026, regarding the Cauvery water dispute with Karnataka. Minister Nirmalkumar highlighted that Karnataka CM Shivakumar and DMK share ties beyond politics, indicat…
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Japan's Finance Minister is set to announce a joint currency intervention with the United States to support the yen, which has fallen to its weakest level in 40 years. This marks the first coordinated yen-buying operati…
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The 28th meeting of the Subsidiary Body on Scientific, Technical and Technological Advice (SBSTTA-28) concluded in Nairobi, Kenya, serving as a critical preparatory session for the 17th Conference of Parties (COP-17) to…
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EPFO CEO emphasizes that recent reforms focus on simplifying access to Provident Fund savings through process reforms rather than mere digitization. Changes to claim settlement and withdrawal procedures aim to enhance u…
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U.S. President Trump announced that the U.S. and Israel will delay planned military strikes against Iran, contingent on a deal requiring the immediate and complete opening of the Strait of Hormuz and an end to Iran's nu…
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On July 31, 2026, Iran's Revolutionary Guard struck two tankers in the Strait of Hormuz, while Kuwait intercepted drones. The U.S. confirmed no strikes on Iran overnight but urged citizens to consider departing West Asi…
Read full storyUS President Donald Trump warned of intensified military action against Iran until it stops attacks on shipping and resumes negotiations. Kuwait intercepted hostile drones targeting vital facilities, while another comme…
Read full storyRBI's special dollar-rupee swap facility has mobilised $40.81 billion in forex inflows as of July 31, 2024, nearly doubling from $20.71 billion recorded on July 17. This facility, introduced to attract foreign currency…
Read full storyThe Defence Ministry launched DSC A24, the fifth and final indigenous Diving Support Craft under the DSC Project, at Titagarh, Kolkata. Designed and built domestically, these ships feature superior stability, enhanced d…
Read full storyUnion Home Minister Amit Shah approved advance release of Rs 2,117.85 crore from the Central share of the State Disaster Response Fund (SDRF) to seven flood-affected states during the ongoing southwest monsoon. Himachal…
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Over 3,000 serving CAPF officers, including gallantry awardees and women officers, have moved the Supreme Court challenging the CAPF Act. The new law makes it harder for CAPF cadre officers to be promoted to leadership…
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Union Textiles Minister Giriraj Singh emphasized the Rs 5,659 crore Cotton Productivity Mission to enhance farm productivity and fibre quality. Cotton Corporation of India procured over 522 lakh quintals of seed cotton,…
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A special NIA court has framed charges against former Mumbai Police officers Sachin Waze and Pradeep Sharma along with eight others in the 2021 Antilia bomb scare case. They will face trial under IPC sections for murder…
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The Centre released Rs 1.09 lakh crore to states on August 1, advancing the regular monthly tax devolution which was originally scheduled for August 10. This early disbursement provides states with an immediate fiscal b…
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A migrant worker injured in a militant attack in Kulgam, Jammu & Kashmir, succumbed to injuries, prompting Lieutenant Governor Manoj Sinha to order a comprehensive review of Standard Operating Procedures (SOPs) for prot…
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IITs and IIMs have started voluntary urine drug testing for students at admission as part of a government mission to screen 10 lakh students across 170 central higher education institutes by 2029. The framework, provide…
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The Medical Counselling Committee (MCC) has released the NEET-UG 2025 counselling schedule, with the first round of All India Quota (AIQ) counselling for deemed and central universities commencing on August 4 and conclu…
Read full storyIndia has successfully developed its first indigenous Expendable Turbo Jet Engine with a thrust of 350 kg, marking a significant milestone in its defence capabilities. Developed by the Defence Research and Development O…
Read full storyThe Defence Research and Development Organisation (DRDO) has successfully conducted the first flight test of the long-range surface-to-air missile named Kusha from Dr APJ Abdul Kalam Island, Odisha. This test is signifi…
Read full storyThe RBI's Weekly Statistical Supplement (July 17, 2026) reveals India's foreign exchange reserves at $676.2 billion, up $1.08 billion weekly but down $19.3 billion year-on-year. Foreign Currency Assets rose to $551.1 bi…
Read full storyOn July 23, 2026, RBI conducted liquidity operations under LAF with MSF at 5.50% (₹483 crore) and SDF at 5.00% (₹1,85,102 crore), resulting in net liquidity absorption of ₹1,84,619 crore. The overnight money market segm…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 2 August 2026.
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