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2 September 2026 · verified exam-relevant news
Today’s digest · 2 September 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.
RBI's Money Market Operations on September 1, 2026, show total overnight segment volume at ₹6,60,888.44 crore with weighted average rate of 4.86%. Key RBI operations included a 1-day Variable Rate Reverse Repo of ₹2,59,…
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Global 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…
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In 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 storyRBI released BoP data for Q1 (April-June) 2026 showing foreign exchange reserves decreased by US$ 22.5 billion (including valuation effects) compared to an accretion of US$ 29.8 billion in same period 2025. On BoP basis…
Read full storyIndia's current account deficit widened to US$4.2 billion (0.5% of GDP) in Q1 FY2026-27 from US$3.4 billion (0.4% of GDP) a year earlier, driven by a higher merchandise trade deficit of US$86.1 billion versus US$68.9 bi…
Read full storyRBI's Money Market Operations on August 31, 2026, show total overnight segment volume at ₹6,65,977.81 crore with weighted average rate of 4.98%. Key RBI operations included a 1-day Variable Rate Reverse Repo of ₹2,49,84…
Read full storyThe RBI announced an Overnight Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) for September 2, 2026, with a notified amount of ₹5,00,000 crore. The auction window operates from 0…
Read full storyThe Reserve Bank of India conducted the auction of State Government Securities on September 1, 2026, involving 12 securities across 8 states with a total notified amount of ₹11,700 crore. Key highlights include Assam SG…
Read full storyThe Reserve Bank of India appointed Shri Suman Ray as Executive Director effective September 1, 2026. He previously served as Regional Director for Maharashtra and has over three decades of experience in Currency Manage…
Read full storyThe RBI conducted a yield/price-based auction of State Government Securities (SGS) for 15 states, raising ₹26,590.03 crore against a notified amount of ₹27,000 crore. Key highlights include full subscription for most st…
Read full storyRBI released its Citizen's Charter performance report for August 2026, showing 18,099 applications received and 17,568 processed with 99.9% within timeline. Total pending applications reduced from 3,258 to 3,011. Curren…
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Prime 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…
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India'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 storyIndia's GDP grew 7.8% in Q1 FY25, surpassing RBI's 7% projection. The White House praised India as a dynamic, strong, and resilient economy, with Senior Deputy Press Secretary Kush Desai confirming the Trump administrat…
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RBI'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…
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In 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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India 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…
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The 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…
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India'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…
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India'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…
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Union 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…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 2 September 2026.
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