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14 August 2026 · verified exam-relevant news
Latest digest · 14 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.
India's Balance of Payments for June 2026 shows a current account deficit of $6.2 billion, widening from a $1.2 billion surplus in June 2025. The merchandise trade deficit expanded to $30.2 billion from $19.2 billion, d…
Read full storyRBI introduced a special USD-INR Forex Swap facility on June 8, 2026, covering FCNR(B) deposits, ECBs, and OFCBs to boost forex inflows. As of August 13, 2026, total inflows reached $56,846 million, with FCNR(B) deposit…
Read full storyThe Reserve Bank of India announced the auction of Government of India Treasury Bills totaling ₹24,000 crore across three tenures: 91-Day (₹9,000 crore), 182-Day (₹8,000 crore), and 364-Day (₹7,000 crore). The auction i…
Read full storyRBI imposed a ₹2.70 lakh penalty on Fusion Finance Limited on August 14, 2026, for non-compliance with KYC Directions, specifically failure to conduct periodic risk categorisation review at least once every six months.…
Read full storyRBI imposed a ₹3.10 lakh penalty on Muthoot MCred Limited (formerly Muthoottu Mini Financiers) on August 14, 2026, under Section 58G(1)(b) read with 58B(5)(aa) of RBI Act, 1934, for upgrading NPAs to 'Standard' without…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited on August 14, 2026, for non-compliance with RBI directions on 'Disclosures in Financial Statements - Notes to Accounts'…
Read full storyThe Reserve Bank of India announced the auction of State Government Securities (SGS) worth ₹20,200 crore on August 18, 2026, via the E-Kuber platform. Twelve states including Uttar Pradesh, West Bengal, Kerala, and Madh…
Read full storyRBI imposed a ₹59.20 lakh penalty on IndusInd Bank on August 14, 2026, under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, for non-compliance with directions on 'Interest Rate on Depo…
Read full storyThe RBI announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series V, due on August 17, 2026, at ₹15,295 per unit. This redemption is permitted after the fifth year from the issue date (August…
Read full storyRBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction of ₹2,00,000 crore on August 17, 2026, under LAF to manage surplus liquidity. The auction window operates from 09:30 AM to 10:00 AM with reversal on August…
Read full storyOn August 13, 2026, RBI conducted liquidity management operations under LAF, absorbing net liquidity of ₹2,25,708 crore. Key operations included a 1-day Variable Rate Reverse Repo (VRRR) of ₹80,170 crore at 5.24%, MSF b…
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India's foreign exchange reserves surged by $14.1 billion to reach $707 billion, the highest level in the current fiscal year. The increase was driven by a $9.9 billion rise in foreign currency assets and a $3.9 billion…
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The government is actively considering a single-window clearance system for the space sector to streamline approvals across multiple departments. This inter-ministerial platform aims to reduce regulatory bottlenecks and…
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Crisil projects India's GDP growth to slow to 6.6% in FY25, down from 8.2% in FY24. Despite this, foreign portfolio investor inflows surged in July 2024, improving financial conditions. Systemic liquidity surplus widene…
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India's wholesale inflation eased to 9.8% in July due to declining energy prices, while retail inflation rose to 4.5% with food inflation hitting a 19-month high. The divergence between WPI and CPI trends highlights sup…
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The New Development Bank (NDB) announced a $7.5 billion investment plan for India, focusing on local currency financing through a rupee bond program. This initiative aims to strengthen India's domestic capital markets a…
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Finance Minister Nirmala Sitharaman highlighted the PM Internship Scheme's role in bridging India's skill gap by aligning youth capabilities with industry needs. The scheme, under the Ministry of Corporate Affairs, was…
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The article analyzes India's economic transformation through statistical indicators, highlighting rising per capita income, services sector dominance, and growing global trade integration. It underscores persistent chal…
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MSCI announced quarterly index rebalancing effective August 31, adding Lenskart Solutions, Adani Energy Solutions, Groww, and one more stock to the MSCI India Standard Index while removing Astral, Balkrishna Industries,…
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Oil prices rose on Friday after the U.S. threatened an indefinite naval blockade against Iran, escalating supply fears in the Strait of Hormuz. Two ships were attacked in the strait the previous evening, heightening geo…
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India's merchandise exports surged to a record $44.2 billion in July 2024, propelled by strong engineering and electronics shipments. Despite a widening trade deficit due to higher imports, exports to West Asia recovere…
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The Comptroller and Auditor General (CAG) flagged 1,902 tax assessment lapses with a tax effect of Rs 25,085 crore, primarily involving incorrect tax rates and faulty income computations. Most lapses occurred in the 201…
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India's fertilizer subsidy model faces strain as global supply disruptions and the Russia-Ukraine war have doubled urea procurement costs. The government is piloting a new nutrient-based distribution system to curb exce…
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The Comptroller and Auditor General (CAG) reported that government debt servicing remains sustainable with loan accumulation growing slower than GDP expansion. However, significant irregularities worth ₹603 crore were i…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 14 August 2026.
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