Current Affairs for Exams

Economy

RBI Transfers ₹2.9 Trillion Surplus to Government for 2025-26

The RBI transferred nearly ₹2.9 trillion surplus to the government for 2025-26, up 6.7%, after lowering its contingency risk buffer to 6.5% of its balance …

BANKING UPSC SSC

Economy

Government Plans ₹1,000-Crore Corpus to Boost Silk Production and Exports

The Textiles Ministry is planning a ₹1,000-crore corpus to raise silk production to 44,500 tonnes in FY27, cut import dependence and support nearly 9.84 million …

UPSC SSC BANKING

Economy

India and Canada Fast-Track Trade Talks, Aim to Conclude CEPA by End of 2026

India and Canada will fast-track talks on a Comprehensive Economic Partnership Agreement (CEPA), aiming to conclude it by end-2026, as Piyush Goyal led a large …

UPSC BANKING SSC

International Relations

Quad Foreign Ministers Meet in New Delhi, Expand Cooperation on Minerals, Maritime Security and Energy

At a foreign ministers’ meeting in New Delhi, the Quad expanded cooperation on critical minerals, maritime security and energy, and launched an Indo-Pacific energy initiative …

UPSC SSC BANKING

Economy

India and US Sign Framework on Critical Minerals and Rare Earths

India and the US have signed a framework to jointly mine, refine and recycle critical minerals and rare earths, aiming to secure supply chains after …

UPSC BANKING SSC

Economy

India's Factory Growth Slowed in May as Manufacturing Lost Momentum: PMI

India's HSBC Flash PMI showed factory and services growth slowing in May amid the West Asia conflict, though activity stayed in expansion.

UPSC BANKING SSC

Economy

Non-Food Bank Credit Grew 15.9% Year-on-Year in March 2026: RBI

RBI data shows non-food bank credit grew 15.9% year-on-year as of end-March 2026, signalling continued credit demand across sectors.

UPSC BANKING

Economy

India Ranks 2nd Among Emerging Markets in April on Export Rebound

India ranked 2nd among emerging markets in April, driven by a rebound in exports — largely petroleum products amid high crude prices.

UPSC SSC BANKING

Economy

Final Redemption of First Sovereign Gold Bond Tranche Due

The first Sovereign Gold Bond tranche (2018-19 Series-I) reaches final redemption on 4 May 2026 after its eight-year maturity.

UPSC BANKING

Economy

RBI Releases 46th Half-Yearly Report on Foreign Exchange Reserves

The RBI released its 46th Half-Yearly Report on foreign exchange reserves (Oct 2025–Mar 2026), part of a transparency practice begun in 2004.

UPSC BANKING

Economy

Index of Eight Core Industries Grows Just 1.7% in April 2026

India’s Index of Eight Core Industries grew only 1.7% in April 2026, signalling a tepid start to the financial year.

UPSC SSC BANKING

Economy

Government Open to Reviewing Capital Gains Tax Amid FPI Outflows

FM Sitharaman said the government is open to views on cutting capital gains tax to attract foreign portfolio investors back to Indian markets.

UPSC BANKING

Economy

RBI Weighs Options Including Rate Hike to Steady a Falling Rupee

With the rupee near 97 to the dollar, the RBI is weighing a rate hike, currency swaps, and overseas dollar-raising to stabilise it.

UPSC BANKING SSC

Economy

Status of ₹2000 Banknote Withdrawal — Over 98% Returned

The RBI’s periodic update shows the vast majority of withdrawn ₹2000 notes have returned to the banking system; the note remains legal tender.

UPSC BANKING SSC

Economy

RBI Transfers Record ₹2.87 Lakh Crore Dividend to the Centre

The RBI approved a record ₹2.87 lakh crore surplus transfer to the Centre and raised its contingency risk buffer by over ₹1 lakh crore.

UPSC BANKING SSC

Economy

RBI Transfers Record Rs 2.87 Lakh Crore Surplus to Centre for FY26

The Reserve Bank of India transferred a record surplus of about Rs 2.87 lakh crore to the central government for 2025-26. Its total income touched …

UPSC SSC BANKING STATE_PCS

Economy

Viyona Fintech Receives NPCI Certification for UPI, IMPS and IBMB Integrations

Hyderabad-based Viyona Fintech received NPCI certification for UPI Acquirer, UPI Issuer, IMPS and IBMB integrations, aimed at strengthening interoperable and rural banking.

BANKING SSC UPSC

International Relations

Health Minister J.P. Nadda Addresses 79th World Health Assembly in Geneva

Union Health Minister J.P. Nadda addressed the 79th World Health Assembly in Geneva on 19 May 2026, highlighting Ayushman Bharat, digital health and Vaccine Maitri.

UPSC SSC BANKING

Economy

TVS Venu Group Acquires 9.9% Stake in Jana Small Finance Bank

The TVS Venu Group acquired a 9.9% stake in Bengaluru-based Jana Small Finance Bank for ₹193.3 crore, while TVS Motor secured an additional 4.9%.

BANKING SSC UPSC

Economy

Gunveer Singh Appointed Executive Director of Reserve Bank of India

Gunveer Singh was appointed Executive Director of the RBI on 18 May 2026 and will head the Department of Payment and Settlement Systems.

BANKING UPSC SSC