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1 September 2026 · verified exam-relevant news
Latest digest · 1 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.
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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Four Naga villages in Manipur were attacked with a pastor shot at, while normal life in Imphal Valley was disrupted by a pro-NRC group enforcing a shutdown despite the Centre deferring Census operations in the state. Th…
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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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The Green Climate Fund (GCF) took seven years to approve Nepal's $49.9 million glacier resilience project, leaving high-risk Himalayan communities unprotected. Meanwhile, multilateral lenders including the Asian Develop…
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Union Agriculture Minister Shivraj Singh Chouhan approved the release of Rs 1,183.11 crore as the second tranche to five states under two agricultural schemes. The funds aim to boost farmers' income and lower cultivatio…
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AK-203 assault rifles, manufactured under the Indo-Russian joint venture at Korwa Ordnance Factory in Amethi, were reported stolen from an Army infantry unit stationed at Secunderabad Cantonment in Hyderabad. The presen…
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India's Commerce Department held discussions with industry stakeholders to address market access challenges in the US ahead of Commerce Minister Piyush Goyal's visit for G20 meetings and trade talks. Exporters highlight…
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The UAE intercepted a drone originating from Iran over its territorial waters, escalating tensions in West Asia. Iran claimed the attack was retaliation for the killing of its Revolutionary Guards personnel and civilian…
Read full storyU.S. forces conducted limited strikes on Iran's Larak Island targeting IRGC units laying mines in the Strait of Hormuz, marking the first American attacks on Iran in nearly a month. Iran retaliated by attacking U.S. for…
Read full storyRBI 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 storyPrime Minister Narendra Modi arrived in Bishkek, Kyrgyzstan, on a two-day visit at the invitation of President Sadyr Zhaparov to attend the Shanghai Cooperation Organisation (SCO) Summit. He was welcomed by Cabinet of M…
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…
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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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India's GDP grew at 7.8% in Q1 FY2024-25, slower than the previous quarter's 8.4% but faster than 6.1% in Q1 FY2023-24. The growth was driven by manufacturing and broad services including utilities, financial services,…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 1 September 2026.
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