Current Affairs for Exams

UPSC SSC BANKING STATEPCS

India Cuts Export Duties on Petrol, Diesel and ATF from 1 June 2026

From 1 June 2026 the Finance Ministry cut export duties on petrol to Rs 1.5 per litre, diesel to Rs 13.5 per litre and ATF …

29 May 2026

7 articles

India Services Exports Grow 12.7% in April 2026 to USD 37 Billion: RBI Data

India's services exports rose 12.7 per cent year-on-year to USD 37,021 million in April 2026, with imports up 8.9 per cent to USD 18,417 million. …

RBI House Price Index Q4 2025-26: 4.2% Annual Rise Led by Nagpur, Jaipur, Chandigarh

India's All-India House Price Index rose to 115.9 in Q4 2025-26, a 4.2 per cent year-on-year increase. Nagpur, Jaipur, Chandigarh and Kanpur led the annual …

UPSC SSC STATE_PCS BANKING

Centre Orders Oil Marketing Companies to Hold 30-Day LPG Strategic Reserves

The Centre has asked state-run OMCs (IOC, BPCL, HPCL) to set up strategic LPG reserves equal to 30 days of demand, after the West Asia …

India Faces 6-10 PM Power Shortfalls as Solar Output Drops After Sunset

India is seeing recurring evening power shortages between 6 PM and 10 PM as solar output fades and 40 GW of thermal capacity sits in …

UPSC SSC STATE_PCS

MoSPI Permanently Shifts Q4 GDP Release to 7 June from 31 May for Better Data Quality

MoSPI has permanently moved the Q4 GDP release from 31 May to 7 June (or the previous working day) to improve data quality. The 2025-26 …

RBI Revives Polymer Banknote Plan, Pilot Likely for Rs 10 and Rs 20 Notes

The RBI is reviving its decade-old plan to introduce polymer banknotes, with a pilot likely on Rs 10 and Rs 20 denominations. Polymer notes last …

RBI Annual Report FY26: West Asia War Tops Risk List, Balance Sheet Expands 20.6%

RBI's Annual Report 2025-26 flagged the West Asia war as the biggest external risk and kept India's 2026-27 GDP growth forecast at 6.9 per cent. …

28 May 2026

8 articles

India Plans Multiple Ethanol-Blended Petrol Variants at Fuel Stations

India plans to offer multiple ethanol-blended petrol variants — E20, E22, E25 and E30 — at fuel stations after meeting the 20% blending target in …

UPSC BANKING SSC STATE_PCS

RBI Imposes Monetary Penalties on Three Co-operative Banks for Regulatory Lapses

The RBI has imposed monetary penalties of Rs 2 lakh each on Jalore Central Co-operative Bank (Rajasthan), Shree Laxmi Co-operative Bank (Pune) and Lunawada People’s …

UPSC BANKING SSC STATE_PCS

RBI Conducts T-Bill and Government Securities Auctions; Cut-off Yields Released

RBI released this week’s T-Bill auction results — cut-off yields of 5.56% (91-day), 5.73% (182-day) and 6.03% (364-day) — and announced a Rs 28,000 crore …

UPSC BANKING SSC STATE_PCS

India’s Insolvency and Bankruptcy Code Completes a Decade on 28 May 2026

India’s Insolvency and Bankruptcy Code completes ten years on 28 May 2026. While gross NPAs have fallen sharply since FY18, delays in resolution and seven …

ASCI FY26 Annual Report: 97% of Violative Ads on Digital, Four-Fifths on Meta

ASCI’s FY26 annual report says 97% of violative ads were on digital platforms, with 79.84% on Meta. Offshore betting was the most violative sector with …

India’s Domestic Content Requirement on Solar Cells Begins 1 June 2026

From 1 June 2026, all net-metering and other domestic/commercial/industrial solar projects in India must use only solar cells made in the country, building on the …

UPSC SSC BANKING STATE_PCS DEFENCE

India’s Energy Diplomacy During the West Asia Crisis and Hormuz Blockade

The blockade of the Strait of Hormuz during the West Asia crisis exposed India’s heavy dependence on Gulf oil and LNG. India responded with diplomatic …

EU Carbon Border Adjustment Mechanism Enters Definitive Phase; India’s Trade Implications

The EU’s Carbon Border Adjustment Mechanism (CBAM) entered its definitive phase on 1 January 2026, imposing a carbon-linked charge on imports of steel, cement, aluminium, …

27 May 2026

4 articles

Supreme Court Upholds Retrospective 28% GST on Online Gaming Sector

A two-judge bench of the Supreme Court upheld the centre’s 28 per cent GST on online real-money gaming, including retrospectively for periods before October 2023, …

Cabinet Approves ₹25,530 Crore Extension of Sarthak-PDS to Bring AI into Ration System

The Union Cabinet approved a ₹25,530 crore, five-year extension of the Sarthak-PDS scheme to use AI for identifying beneficiaries, tracking food grains, and handling complaints, …

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Supreme Court Upholds 28% GST on Online Gaming, Allows Retrospective Tax Demands

The Supreme Court upheld the 28% GST on online gaming and allowed retrospective tax demands of over ₹1.5 trillion, accepting the government's view that the …

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