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3 September 2026 · exam-relevant news
Latest digest · 3 September 2026
AI summaries of PIB, RBI, All India Radio and national newspaper reports, organised for UPSC, SSC, Banking, Railway and State-PSC revision. Every story links to its source.
24 current-affairs updates for major exams.
Prime Minister Narendra Modi chaired the valedictory session of the two-day National Departmental Summit on Water organized by the Ministry of Jal Shakti. He emphasized sensitizing Urban Local Bodies to urbanization cha…
Read full storyISRO Chairman V. Narayanan announced the launch of EOS-05, India's first advanced Earth observation satellite with synthetic aperture radar (SAR) capability, scheduled for 2:55 AM tomorrow aboard GSLV-F17 from Satish Dh…
Read full storyFinance Minister presented India's reform-driven growth narrative to US investors, highlighting 7.8% GDP growth in Q1 FY27. Emphasis on capital expenditure, MSME credit access, and IBC reforms underscores improved inves…
Read full storyISRO successfully launched EOS-05, India's first geosynchronous Earth observation satellite positioned at 36,000 km altitude. Unlike low Earth orbit satellites, EOS-05 provides continuous real-time monitoring of the Ind…
Read full storyRising FCNR(B) inflows are complicating RBI's liquidity management as banking system excess liquidity hits a four-year high. Economists predict RBI will deploy additional tools like variable rate reverse repo operations…
Read full storyCommerce Minister Piyush Goyal announced India's ambitious target of achieving $1 trillion in exports this year, urging the automotive sector to reduce import dependence and strengthen domestic supply chains. The govern…
Read full storyIndia's services sector expanded in August 2024, driven by higher business and consumer demand, but growth remained near a four-year low, marking the second-slowest pace since March 2022. Manufacturing activity hit a fi…
Read full storyThe Reserve Bank of India (RBI) secured record diaspora funds through foreign deposits, significantly exceeding projections. However, the central bank agreed to shield banks from currency risks on these deposits, which…
Read full storyFormer Chief Statistician Pronab Sen has advocated for maintaining two GDP series — one with the old base year and another with the new base — for at least five years to ensure data reliability. He emphasized that accur…
Read full storyA recent survey highlights that gig work has become a full-time occupation for many Indians, exposing workers to unsafe conditions, excessive hours, climate risks, and lack of social protection. The report underscores t…
Read full storyCongress leader Jairam Ramesh questioned the Centre's substantial downward revision of GDP estimates for all four years since 2022-23, amounting to ₹43 lakh crore. He demanded transparency on the methodology used for th…
Read full storyIndian banks proposed forex sell/buy swaps to the RBI to absorb record surplus rupee liquidity driven by foreign currency deposits. This mechanism allows banks to sell dollars to RBI and repurchase later, draining rupee…
Read full storyThe World Meteorological Organization (WMO) confirmed that El Niño has rapidly strengthened and is firmly established, with near certainty of continuing until February 2027. It is expected to peak by end of 2024, though…
Read full storyIndia and Belgium signed five agreements to double bilateral trade within five years, expanding cooperation in defense, critical minerals, semiconductors, renewable energy, and combating transnational crime. A new mecha…
Read full storyThe Parliamentary Standing Committee on Finance has criticized the government's 'punitive' tax enforcement approach and demanded data on the impact of the new Income Tax Act. Members raised concerns over heavy-handed co…
Read full storyIndia's banking system liquidity surplus surged to Rs 7.76 lakh crore, the highest in over 4.5 years, driven by record foreign exchange inflows. This excess liquidity has significantly eased short-term interest rates. T…
Read full storyThe Kerala High Court ruled that consent is irrelevant in cases under the Protection of Children from Sexual Offences (POCSO) Act, 2012, while dismissing a plea by an accused challenging his conviction. The court clarif…
Read full storyRBI launched a special USD-INR Forex Swap facility on June 8, 2026, to attract foreign currency inflows through FCNR(B) deposits, ECBs, and OFCBs. The scheme closed for FCNR(B) on August 31, 2026, but remains open for E…
Read full storyThe United States launched fresh airstrikes targeting Islamic Revolutionary Guard Corps (IRGC) facilities across multiple locations in Iran, including Bandar Abbas, Hormuz, Asaluyeh, Jiroft, Qeshm Island, Konarak, Chaba…
Read full storyUN Secretary-General Antonio Guterres will attend the 18th BRICS Summit in New Delhi on September 12-13, 2025, hosted by India as the current chair at Bharat Mandapam. The summit will convene leaders from BRICS member s…
Read full storyJapan Credit Rating Agency (JCR) upgraded India's Long-Term Foreign Currency and Local Currency Issuer Ratings from 'BBB+' to 'A-' with Stable Outlook, and raised the country ceiling to 'A'. The Finance Ministry stated…
Read full storyThe Reserve Bank of India (RBI) announced an Overnight Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on September 3, 2026, to absorb surplus liquidity. The notified amount is ₹6…
Read full storyLok Sabha Speaker Om Birla held bilateral parliamentary dialogue with Seychelles' first woman Speaker Azarel Yolanda Ernesta on September 2, 2026, marking 50 years of diplomatic relations and Seychelles' independence. B…
Read full storyLok Sabha Speaker Om Birla welcomed a Myanmar parliamentary delegation led by Dr. Pwint San, reaffirming India's support for peace, stability and national reconciliation in Myanmar. He highlighted Myanmar's importance i…
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Exam-relevant stories with MCQ-ready key points, summarised by AI from PIB, RBI, All India Radio and national newspapers. Edition: 3 September 2026. Hindi appears where a translation is ready.
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The 3 September 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.