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31 August 2026 · verified exam-relevant news
Latest digest · 31 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 GDP grew 7.8% in Q1 FY2024 (April-June), surpassing expectations with broad-based growth across agriculture, manufacturing, and services. Strong consumption and investment defied global energy shocks, signaling…
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Chief Economic Adviser V Anantha Nageswaran stated India's economy maintains strong near-term momentum driven by domestic demand and exports. RBI's deposit mobilisation provides balance of payments support and rupee sta…
Read full storyThe Government of India announced the auction of two dated securities totaling ₹32,000 crore on September 4, 2026, with settlement on September 7, 2026. The auction includes a new 2031 security (₹21,000 crore) and a re-…
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India's services exports surged 13.4% year-on-year to USD 38.25 billion in July 2024, while imports rose 19.1% to USD 20.61 billion, yielding a services trade surplus of USD 17.65 billion. For April-July 2024, cumulativ…
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The Finance Ministry's Monthly Economic Report for August 2026 highlights a structural shift in India's food inflation, with protein-rich items, processed foods, and edible oils now driving price pressures. Persistent E…
Read full storyOn August 31, 2026, Vice President of India will release 'Mission Rangeen Machhli 2031' Strategic Action Plan for ornamental fisheries development at Agatti, Lakshadweep. The plan aims to standardize practices across th…
Read full storyPrime Minister Narendra Modi held bilateral talks with Uzbekistan President Shavkat Mirziyoyev at the Presidential Palace in Tashkent. The leaders reviewed cooperation across trade, investment, defence, digital connecti…
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EY projects India's real GDP growth at 7-7.2% for FY27, driven by strong domestic demand and sustained government capital expenditure. Nominal GDP growth is estimated at 12.5-13%. Despite global headwinds like geopoliti…
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The government is expanding its fertilizer management system by linking sales directly to farmer, land, and crop data through the AgriStack platform. This integration covers millions of buyers and significant annual fer…
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The government is upgrading its digital fertilizer tracking platform to link farmer purchases directly with land records, enabling real-time subsidy monitoring and early detection of supply gaps. New dashboards will giv…
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The Indian government has mandated Indian Standard Time (IST) as the sole national time reference through new rules effective 180 days post-gazette notification. This initiative aims to synchronize all digital and techn…
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A report warns that weak September monsoon rainfall could push India's FY27 inflation to 5.5% or higher, despite significant recovery in Kharif sowing from earlier deficits. Reservoir levels provide some buffer but rema…
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India's current 7% GDP growth rate falls short of the 9%+ annual growth economists say is needed to achieve the 'Viksit Bharat' (Developed India) target by 2047. Achieving this requires overcoming the middle-income trap…
Read full storyThe Ministry of Petroleum and Natural Gas clarified that the revised CBG pricing framework under the GOBARdhan Scheme aims to ensure stable and viable prices for CBG producers without materially increasing CNG or househ…
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The GST Council will convene its 57th meeting on September 12 after nearly a year, focusing on key reforms like easier input tax credit access for buyers, simplified corporate guarantee treatment, and enabling small bus…
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India is finalizing clarifications to Foreign Direct Investment (FDI) rules for investors from countries sharing land borders, including China, Pakistan, and Bangladesh. The updated procedures require detailed disclosur…
Read full storyRBI's Weekly Statistical Supplement (Aug 21, 2026) shows India's forex reserves at $729.3 billion, up $12.4 billion weekly. Gold reserves rose $2.8 billion to $114.2 billion. Bank credit growth slowed to 18.3% YoY (from…
Read full storyThe Reserve Bank of India released data on Reserve Money and Money Supply for the fortnight ended August 15, 2026, via Press Release 2026-2027/985. This periodic release by RBI's Deputy General Manager (Communications)…
Read full storyRBI imposed restrictions on Ashok Sahakari Bank Ltd., Ahmednagar under Section 35A read with Section 56 of Banking Regulation Act, 1949 effective August 28, 2026. The bank cannot grant loans, make investments, accept fr…
Read full storyThe Government of India announced a buyback of dated securities worth ₹30,000 crore (face value) through auction on September 3, 2026, with settlement on September 4, 2026. Four securities maturing between October 2026…
Read full storyThe Reserve Bank of India (RBI) announced a 15-day Variable Rate Reverse Repo (VRRR) auction of ₹6 lakh crore on August 31, 2026, to absorb surplus liquidity from the banking system. The auction window operates from 09:…
Read full storyThe RBI announced auction of State Government Securities (SGS) worth ₹27,000 crore on September 1, 2026, via E-Kuber platform. Fifteen states including UP, Tamil Nadu, West Bengal, and Kerala will re-issue dated securit…
Read full storyRBI's Money Market Operations on August 27, 2026, show significant liquidity absorption of ₹2,89,304 crore through LAF operations. The overnight segment recorded ₹6,87,370 crore volume at 5.07% weighted average rate, wi…
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India's forex reserves surged by $12.4 billion to hit a record high of $729 billion as of the week ending August 16, 2024, surpassing the previous peak of $728 billion in late February. Foreign currency assets rose $9.4…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 31 August 2026.
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