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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.
The Supreme Court, led by CJI D.Y. Chandrachud, questioned whether 'digital arrest' — a cybercrime tactic where fraudsters impersonate law enforcement to extort money — requires a standalone legal definition. The bench…
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The Kerala High Court ruled that non-payment of maintenance by a husband constitutes economic abuse, which falls under the definition of domestic violence under the Protection of Women from Domestic Violence Act, 2005.…
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BRS working president K.T. Rama Rao criticized the Centre's approach linking women's reservation with delimitation, calling it unwise. He claimed PM Modi's government appeared most vulnerable in the last 15 days. The st…
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The Indian government plans to introduce a regulatory framework for digital gold in the coming year, involving key ministries and the Reserve Bank of India. The Digital Precious Metals Assurance Council of India is cent…
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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…
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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…
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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…
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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…
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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 Reserve Bank of India imposed a ₹40,000 monetary penalty on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra, via an order dated August 3, 2026. The penalty was levied under Section 47A(1)(c) read with Sec…
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…
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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…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 7 August 2026.
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