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28 August 2026 · exam-relevant news
Latest digest · 28 August 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.
India and Canada agreed to fast-track bilateral investment treaty negotiations and explore cross-border payment system collaborations, including expanding UPI usage in Canada. Both nations aim to strengthen critical min…
Read full storyThe Centre has liberalised defence export norms by allowing exporters to self-generate a one-time authorisation for multiple consignments, eliminating the need for separate approvals per batch. Licence validity has been…
Read full storySEBI has proposed exempting select listed companies from mandatory merchant banker appointments for small-value debt private placements. Eligible issuers must be regulated, listed for over a year, hold strong credit rat…
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 Friday, August 28, 2026, as under: The operational guidelines for the auction as gi…
Read full storyIt is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI)…
Read full storyToday, the Reserve Bank released the data on performance of the private corporate business sector during the first quarter of 2026-27, drawn from abridged quarterly financial results of 3,247 listed non-government non-f…
Read full storyThe Reserve Bank of India (RBl) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on Jalna District Central Co-operative Bank Ltd., Maharashtra (the bank), for no…
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 storyGlobal crude oil prices rose moderately today. Brent crude was trading 0.7 per cent up at 88 US dollars and 50 cents per barrel in intra-day trade. West Texas Intermediate crude was trading 0.4 per cent up at 82 US doll…
Read full storyIndia and Russia have advanced their Free Trade Agreement (FTA) negotiations with the Eurasian Economic Union (EAEU), targeting sustainable trade growth and a $100 billion bilateral trade target by 2030. The agreement w…
Read full storyUnion Minister Pralhad Joshi stated India requires over ₹30 lakh crore investment to achieve its 500 GW non-fossil fuel capacity target by 2030. The country has already crossed 300 GW of installed non-fossil fuel capaci…
Read full storyFederal Reserve officials at the Jackson Hole Economic Symposium signaled that further interest rate hikes remain on the table due to persistent inflation concerns. Policymakers warned that entrenched inflationary expec…
Read full storyS&P Global Ratings retained India's sovereign credit rating at 'BBB' with a stable outlook, citing sustained economic momentum and fiscal consolidation. Last year, S&P upgraded India from 'BBB-' to 'BBB' after 18 years,…
Read full storyIndian banks are pivoting to Overseas Foreign Currency Borrowings (OFCB) to raise funds after the RBI advanced the deadline for deposit-linked fundraising to August 31. This regulatory shift forced lenders to revise bon…
Read full storyIndia-EU relations have strengthened significantly with FTA negotiations advancing through realism and pragmatism. The Carbon Border Adjustment Mechanism (CBAM) aims to prevent carbon leakage and incentivize lower emiss…
Read full storyMinister of State for Commerce and Industry and Electronics & Information Technology, Shri Jitin Prasada, concluded a successful official visit to the Kingdom of Morocco from 24 to 25 August 2026, during which he held a…
Read full storyCommerce Minister Piyush Goyal stated India is open to expanding the India-Japan Comprehensive Economic Partnership Agreement (CEPA) to make it more contemporary. Japanese firms like Uniqlo plan increased sourcing and i…
Read full storyJapanese firms have invested Rs 1 lakh crore (14% of the 10 trillion yen target) in India, with the full investment expected within a few years. India aims to double Japanese companies operating here to 3,000. Proposals…
Read full storyIndia's merchandise exports grew 15% to over $25 billion during August 1-21, pushing cumulative exports for April-August past $200 billion. July exports surged nearly 20% to $44.24 billion, though the trade deficit wide…
Read full storyIndia and Japan are reassessing their Comprehensive Economic Partnership Agreement (CEPA) to expand trade scope and address market access challenges for Indian exporters. Commerce Minister Piyush Goyal emphasized modern…
Read full storyThe government raised nearly Rs 3,000 crore through an Offer for Sale (OFS) of Hindustan Copper shares, exercising the full greenshoe option to sell over 5.8 crore shares. Retail participation exceeded expectations, con…
Read full storyIndia's GDP growth slowed to 7.1% in Q1 FY25 (April-June) per a Reuters poll, driven by consumer spending and government expenditure while private investment remained weak. Rising crude oil prices pose inflation risks a…
Read full storyGross FDI into India surged significantly in June 2024, with net FDI inflows turning positive after a previous month's outflow. This recovery signals renewed investor confidence in India's economic fundamentals. Key out…
Read full storyThe United States imposed sanctions on four Indian companies and three individuals under "Operation Economic Outcast" for facilitating trade with Iran, escalating pressure on Tehran's economic lifelines. This move incre…
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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: 28 August 2026. Hindi appears where a translation is ready.
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The 28 August 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.