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2 September 2026 · exam-relevant news
Latest digest · 2 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.
Russia and India have established a robust bilateral payment system using roubles and rupees, covering 96% of trade transactions. Bilateral trade surged to $70 billion in 2024, tripling from 2022 levels. This mechanism…
Read full storyJapan Credit Rating Agency (JCRA) upgraded India's sovereign rating to A- from BBB+ after 35 years, recognizing solid economic growth, effective policies, improved financial system soundness, and reduced non-performing…
Read full storyIndia is actively pursuing strategic partnerships with the UK and EU to secure critical mineral processing capabilities, while also collaborating with the US on resilient supply chains. Pending trade agreements with the…
Read full storyIndia and Canada held Foreign Office Consultations to strengthen strategic ties and reaffirmed commitment to a trade agreement targeting bilateral trade of CAD 70 billion by 2030. Both nations emphasized expanding coope…
Read full storyIndia is strategically expanding critical mineral partnerships with the UK, EU, and US through trade negotiations to secure vital resources for high-tech manufacturing. The government aims to simplify regulations to str…
Read full storyGlobal illicit financial flows surged to $4.4 trillion in 2025, significantly impacting world GDP. Bank frauds are rising at 20% annually, driven by organized crime and drug networks. India's anti-money laundering cases…
Read full storyGlobal bond markets are witnessing a sharp selloff driven by rising inflation fears and escalating government debt levels worldwide. Japan's 10-year government bond yield surged to 3%, its highest level since 1996, sign…
Read full storyIn August 2024, India's GST collections surged 14.8% to ₹2 lakh crore, auto sales jumped 36%, UPI processed a record 24.51 billion transactions, and power consumption rose 12.9%. These high-frequency indicators collecti…
Read full storyToday, the Reserve Bank of India released the balance of payments (BoP) data for the first quarter (Q1), i.e., April-June of 2026 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in…
Read full storyPreliminary data on India's balance of payments (BoP) for the first quarter (Q1) of 2026-27, i.e., April-June 2026, are presented in Statements I and II. Key Features of India’s BoP in Q1:2026-27 India’s current account…
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 storyOn a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Wednesday, September 02, 2026, as under: The operational guidelines for the auction…
Read full storyThe result of the auction of State Government Securities held on September 01, 2026, is as under: Ajit Prasad
Read full storyThe Reserve Bank of India (RBI) has appointed Shri Suman Ray as Executive Director (ED) with effect from September 01, 2026. Prior to being promoted as ED, Shri Suman Ray was serving as Regional Director for Maharashtra.
Read full storyA summary of the performance under the Citizen's Charter of the Reserve Bank of India (RBI) during the month of August 2026 is given below – The Reserve Bank of India regularly reviews the services covered under its Cit…
Read full storyPrime Minister Modi, President Putin, and President Xi met informally at the SCO summit in Bishkek, Kyrgyzstan, signaling renewed diplomatic engagement. India and China agreed on new border management measures and hotli…
Read full storyIndia's Q1 FY25 GDP grew at 7.8%, surpassing market estimates, driven by robust domestic demand and government reforms. Economists highlight that sustaining this momentum requires higher private investment, productivity…
Read full storyGST 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…
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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: 2 September 2026. Hindi appears where a translation is ready.
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The 2 September 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.