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Top exam-relevant stories with MCQ-ready key points, compiled every morning from PIB, RBI and All India Radio. Latest edition: 2 July 2026.
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Gold and silver prices have experienced a significant correction, dropping up to 50% from their January 2023 highs. This decline is primarily attributed to rising interest rate expectations, profit booking by investors,…
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Ola Electric Mobility has reported a significant increase in vehicle registrations, reaching 43,719 units in Q1 FY27, which is nearly double the 22,252 units registered in the previous quarter. This surge is attributed…
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Citi has emerged as the leading investment banker in India, securing a 9.8% share of the country's investment banking fees, which totaled $614.1 million in the first half of the year. This represents a 20% decline year-…
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India is set to replace 35 lakh petrol vehicles with electric vehicles (EVs) by 2030, according to a report by SBI. This transition is expected to reduce crude oil import costs by Rs 1 lakh crore if EVs capture 20% of t…
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The Indian rupee fell sharply, ending at 95.24 against the US dollar, marking its steepest decline since June 8. This depreciation is significant as it reflects market reactions to expected hawkish comments from the US…
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Ujjivan Small Finance Bank has announced an attractive interest rate of 7.5% on 3–5-year FCNR(B) deposits, following the Reserve Bank of India's relaxation of norms aimed at increasing foreign currency inflows. Meanwhil…
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At an international monetary policy forum, Federal Reserve Chair Kevin Warsh emphasized the importance of maintaining a 2% inflation target but did not provide forward guidance on interest rates. This lack of clarity ha…
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Kevin Warsh, the Chairman of the US Federal Reserve, reaffirmed his commitment to the 2% inflation target amidst pressure for rate cuts from President Trump. Warsh's stance indicates a firm approach to monetary policy,…
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The Securities and Exchange Board of India (SEBI) has uncovered a Rs 144 crore pump-and-dump scheme through an extensive investigation involving digital footprints such as airline bookings, hotel stays, and WhatsApp cha…
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In May 2023, the Reserve Bank of India's net short forward position in the currency market reached a record $106.6 billion, reflecting extensive interventions to protect the rupee amid global uncertainties. This surge i…
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The Securities and Exchange Board of India (Sebi) is initiating reforms to standardize consent rules for Alternative Investment Funds (AIFs). This includes implementing a uniform approval threshold of 75% for significan…
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India's bond market has undergone a significant transformation over the past decade, evolving from an opaque and institutional-centric system to a more transparent and accessible framework. This change is attributed to…
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In June 2026, India's Goods and Services Tax (GST) collections rose by 13.9% to reach Rs 1.95 lakh crore, marking a significant year-on-year increase. This surge was driven by a remarkable 34.6% increase in import reven…
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Kotak Mahindra Bank has announced a significant acquisition of Deutsche Bank India's retail banking, private banking, and wealth management business for Rs 282 crore. This move is aimed at enhancing Kotak's affluent ban…
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The US Supreme Court has reinforced the independence of the Federal Reserve by ruling against the presidential removal of its governors without substantial legal justification. This decision emerged from a case involvin…
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The Securities and Exchange Board of India (Sebi) has banned 221 entities, including ringleader Hanif Shekh, from the securities market for up to seven years due to a large-scale pump-and-dump operation. This operation,…
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In June, India's Goods and Services Tax (GST) revenue rose by 13.9% to ₹1.95 lakh crore, primarily fueled by a remarkable 34.6% increase in import tax collections. While domestic GST saw a modest rise of 6.5%, the surge…
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The validity of gold import quota licenses under the India-UAE free trade agreement has been extended until September 30, 2026, for the fiscal year 2025-26. This extension is significant as it aims to boost gold imports…
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General Motors has entered into a long-term agreement with Micron Technology to secure a consistent supply of memory and storage chips essential for vehicles. This collaboration is a strategic response to the growing de…
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On July 1, 2026, public sector oil-marketing companies in India reduced the prices of commercial LPG cylinders by ₹183.5 and 5 kg free trade LPG cylinders by ₹13. This price drop follows a four-month-long conflict in We…
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India has launched anti-dumping investigations into five products imported from China and other countries, including moulded soda-lime glass vials and electric tractors. This move is significant as it aims to protect do…
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JSW Group, led by Sajjan Jindal, is collaborating with KKR to invest $400 million in a joint venture with MG Motors, aiming to capitalize on the growing electric vehicle (EV) market in India. This investment is signific…
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Kotak Mahindra Bank is acquiring Deutsche Bank's retail, private banking, and wealth management operations in India for ₹29,000 crore in loans and ₹16,000 crore in deposits. This acquisition will add approximately 150,0…
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Oil prices have increased due to Iran's refusal to engage with U.S. envoys, which has intensified geopolitical tensions and undermined hopes for a ceasefire. This situation is significant as it affects global oil supply…
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