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1 September 2026 · exam-relevant news
Latest digest · 1 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.
GST collections for August 2025 reached ₹1,99,853 crore, reflecting a 14.8% year-on-year growth from ₹1,74,116 crore in August 2024. Domestic GST revenue rose 9.3% to ₹1,37,249 crore, indicating strong internal consumpt…
Read full storyThe Central Government has revised Special Additional Excise Duty on exports of petrol, diesel, and ATF as part of its fortnightly review. The export levy on petrol has been raised to Rs 1.5 per litre, while diesel duty…
Read full storyThe Jal Shakti Ministry is hosting a two-day Department Summit in New Delhi starting today, marking the first in a series of Departmental Summits envisioned by Prime Minister Narendra Modi. The summit aims to strengthen…
Read full storyThe US has described India as a dynamic, strong and resilient economy after official data showed that India’s GDP grew by 7.8 per cent. In an interview with a news agency, White House Senior Deputy Press Secretary Kush…
Read full storyRBI's net short forward positions surged to a record $137 billion in July 2024, primarily driven by long-term forex swaps exceeding one year ($91 billion). This reflects aggressive intervention across spot, NDF, and for…
Read full storyIn August, India's GST collections surged 14.8% to ₹2 lakh crore, bulk car sales jumped 36%, UPI transactions hit a record high, and power consumption rose 12.9%. These indicators reflect robust domestic consumption, im…
Read full storyIndia and the US committed to deepening bilateral ties, focusing on critical minerals supply chains during high-level talks. US Treasury Secretary Scott Bessent acknowledged India's role in G7 discussions, while Finance…
Read full storyThe Centre has set a paddy procurement target of 708.64 lakh tonnes for Kharif Marketing Season 2026-27, which is lower than actual procurement in the previous three seasons. The government will implement improved rice…
Read full storyIndia's manufacturing PMI dropped to a 5-year low of 56.2 in August 2024, signaling weakening demand with the first job contraction in over two years. Despite robust input procurement for the 62nd consecutive month, fin…
Read full storyIndia's current account deficit widened to $4.2 billion in Q1 FY27 (April-June 2026), driven by a rising merchandise trade deficit despite growth in net services receipts from computer and transport exports. FDI saw net…
Read full storyUnion Minister H.D. Kumaraswamy highlighted the construction equipment sector's ₹45,000 crore import bill and announced a new government scheme to boost domestic manufacturing of critical components. The initiative aims…
Read full storyUnion Agriculture Minister Shivraj Singh Chouhan approved the release of Rs 1,183.11 crore as the second tranche to five states under two agricultural schemes. The funds aim to boost farmers' income and lower cultivatio…
Read full storyIndia's Commerce Department held discussions with industry stakeholders to address market access challenges in the US ahead of Commerce Minister Piyush Goyal's visit for G20 meetings and trade talks. Exporters highlight…
Read full storyData on sectoral deployment of bank credit for the month of July 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs1, a…
Read full storyToday, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks (SCBs)Statistics>Data Release>Fortnightly>Scheduled Bank's Statement of P…
Read full story@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL). - Not Applicable / No Transaction. @@ Relates to uncollateralized transactions of 15 days to one year tenor. $ Includes refinance fa…
Read full storyData on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during August 2026 are set out in Tables 1 to 9. Highlights: Lending Rates:
Read full storyToday, the Reserve Bank released the results of the 2025-26 round of the survey of Foreign Liabilities and Assets of the Mutual Funds (MFs)1. The survey covered 53 Indian MFs (list in Annex) and their Asset Management C…
Read full storyThe values of exports and imports of services during July 2026 are presented in the following table. Ajit Prasad
Read full storyOn a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Tuesday, September 01, 2026, as under: The operational guidelines for the auction a…
Read full storyToday, the Reserve Bank released the web publication ‘Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in I…
Read full storyIndia's GDP grew 7.8% in Q1 FY2024 (April-June), surpassing expectations with broad-based growth across agriculture, manufacturing, and services. Strong consumption and investment defied global energy shocks, signaling…
Read full storyChief Economic Adviser V Anantha Nageswaran stated India's economy maintains strong near-term momentum driven by domestic demand and exports. RBI's deposit mobilisation provides balance of payments support and rupee sta…
Read full storyGovernment of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: GoI will have the option to retain additional subscription…
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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: 1 September 2026. Hindi appears where a translation is ready.
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