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24 August 2026 · verified exam-relevant news
Latest digest · 24 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.
RBI imposed a ₹2 lakh penalty on The Pragathi Co-operative Bank Limited, Karnataka on August 20, 2026, for violating Section 20 read with Section 56 of the Banking Regulation Act, 1949, and non-compliance with RBI direc…
Read full storyThe Government of India announced the re-issue of 6.94% GS 2036 dated security for a notified amount of ₹34,000 crore through RBI on August 28, 2026, with settlement on August 31, 2026. The auction will use the multiple…
Read full storyOn August 23, 2026, RBI conducted LAF operations with MSF at 5.50% absorbing ₹9,531 crore and SDF at 5.00% absorbing ₹1,62,921 crore, resulting in net liquidity absorption of ₹1,53,390 crore. All money market segments (…
Read full storyThe Central Government appointed three part-time Non-official Directors — Shri Janmejaya Kumar Sinha, Shri Syed Akbaruddin, and Ms. Annie George Mathew — to the Central Board of RBI for four years effective August 24, 2…
Read full storyRBI's Money Market Operations on August 21, 2026 show total overnight segment volume of ₹6,56,859.58 crore at 5.05% weighted average rate. Key operations included a 3-day Variable Rate Reverse Repo of ₹95,970 crore at 5…
Read full storyThe Government of India has lifted export restrictions on wheat flour and related products including atta, maida, and semolina through a DGFT notification with immediate effect. This policy reversal allows overseas ship…
Read full storyUnion Minister Jagat Prakash Nadda, heading the Ministry of Chemicals and Fertilisers, chaired a high-level CEO Roundtable in New Delhi and reiterated the government's target for the chemical sector to achieve a $1 tril…
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India mobilised $73 billion in foreign exchange inflows within 11 weeks, exceeding the scale and speed of the RBI's 2013 FCNR(B) swap scheme. The finance ministry highlighted this as a record pace of forex accumulation,…
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Strong FCNR(B) deposit inflows have prompted Jefferies to revise its dollar mobilisation estimate upward to $90-100 billion by August 31, from an earlier $70-80 billion. FCNR(B) allows NRIs to hold foreign currency depo…
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Commerce Minister Piyush Goyal urged Japanese auto and capital goods firms to deepen localisation, establish R&D centres and Global Capability Centres (GCCs), and expand manufacturing in India. He positioned India as a…
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ICICI Bank plans to raise $1 billion via five-year bonds, its fourth issuance this month, pushing total dollar bond sales by Indian banks past $10 billion since the RBI opened the overseas borrowing window. This surge i…
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SEBI has launched an IT Resilience Index for Market Infrastructure Institutions (MIIs) like stock exchanges, depositories, and clearing corporations to enhance cybersecurity, operational continuity, and critical system…
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Commerce Minister Piyush Goyal announced that India will amend regulations and introduce new rules within two months to boost semiconductor and auto component manufacturing. The government has simplified the Bureau of I…
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ICICI Bank raised $1 billion via a five-year private dollar bond, while Union Bank of India secured $600 million in its first international dollar issue in over a decade, aided by RBI's special swap window. UCO Bank als…
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US Treasury Secretary Scott Bessent is set to announce "the toughest sanctions in history" on Iran at a press conference on Monday at 2 p.m. EDT (1800 GMT). President Donald Trump has also threatened sanctions against n…
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SEBI data reveals that traders under 30 years now constitute 43% of equity derivatives participants, with a sharp rise in their trading losses during FY26. Lower-income individuals and those from smaller towns are incre…
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The Monetary Policy Committee's hawkish stance and the ongoing West Asia conflict have created uncertainty for the Indian rupee and bond yields. However, record foreign exchange inflows provide the RBI with a buffer to…
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Commerce and Industry Minister Piyush Goyal will lead a 200-member business delegation to Japan from August 24-27 to enhance bilateral trade and investment. The visit focuses on high-tech manufacturing, semiconductors,…
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India and Japan are conducting a business mission led by FICCI to strengthen cooperation in semiconductors and electronics, with multiple MoUs expected to be signed. The delegation aims to deepen bilateral trade ties an…
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US national debt has crossed $40 trillion, according to Jefferies research, intensifying fiscal strain and pushing Treasury yields higher. Elevated yields threaten equity markets and limit the Federal Reserve's ability…
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India is intensifying trade engagement with South American nations — Chile, Argentina, and Brazil — to secure critical minerals and expand market access. Commerce Secretary Rajesh Agrawal will lead joint trade meetings…
Read full storyRBI launched a special USD-INR Forex Swap facility on June 8, 2026, to attract foreign currency inflows via FCNR(B) deposits, ECBs, and OFCBs. As of August 21, 2026, total inflows reached USD 72,848 million, with FCNR(B…
Read full storyThe RBI announced that its special USD-INR forex swap facility has attracted $72.85 billion in inflows as of August 21, 2026. FCNR-B deposits constituted the bulk at $65.4 billion, reflecting strong NRI confidence. This…
Read full storyGlobal crude oil prices surged to near four-week highs after the 60-day US-Iran memorandum of understanding (MOU) expired without a permanent peace agreement. The Strait of Hormuz remains effectively closed as Iran refu…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 24 August 2026.
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