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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.
RBI released sectoral deployment of bank credit data for July 2026 showing non-food credit grew 19.1% YoY (vs 9.9% in July 2025). Agriculture credit grew 17.0% (7.3% earlier), industry 20.0% (6.5%), services 22.9% (10.2…
Read full storyThe RBI released the Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks for June 2026, showing bank credit growth accelerated to 16.5% year-on-year from 9.9% a year ago. Private corporate…
Read full storyRBI's money market operations on August 28, 2026, show a 3-day Variable Rate Reverse Repo (VRRR) auction of ₹1,52,537 crore at 5.24% cut-off rate, MSF at 5.50% for 1-day tenor (₹358 crore), and SDF at 5.00% absorbing ₹2…
Read full storyRBI released data on lending and deposit rates of Scheduled Commercial Banks (excluding RRBs and SFBs) for August 2026. Weighted Average Lending Rate (WALR) on outstanding rupee loans rose slightly to 8.97% in July 2026…
Read full storyThe RBI released the 2025-26 Survey of Foreign Liabilities and Assets of Mutual Funds covering 53 Indian MFs and their AMCs. Foreign liabilities of MFs rose 3.3% y-o-y to US$31.5 billion (₹2.98 lakh crore) as of end-Mar…
Read full storyRBI released provisional data on India's international trade in services for July 2026, showing services exports at $38,253 million (13.4% YoY growth) and imports at $20,606 million (19.1% YoY growth). The trade surplus…
Read full storyThe Reserve Bank of India (RBI) announced a 7-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on September 1, 2026, with a notified amount of ₹6,00,000 crore. The auction wind…
Read full storyRBI released the Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial Banks for June 2026 quarter on its Database on Indian Economy portal. SCB deposits grew 11.5% year-on-year, with private…
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-…
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…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 31 August 2026.
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