Current Affairs for Exams

UPSC SSC BANKING STATE_PCS

RBI Conducts 3-Day Variable Rate Repo Auction on July 6, 2026; All Bids Fully Allocated at 5.26%

The RBI fully allotted ₹14,600 crore in a 3-day VRR auction on July 6, 2026, at a uniform rate of 5.26%, indicating strong demand and …

05 Jul 2026

5 articles

Government Directs Meta to Remove Child Sexual Abuse Material Ads on Instagram

The Ministry of Electronics and IT directed Meta to remove child sexual abuse material ads on Instagram and submit a compliance report within seven days, …

Foxconn Q2 Revenue Surges 39.8% Amid AI Demand, Warns of Geopolitical Risks

Foxconn reported a 39.8% year-on-year revenue rise in Q2 2026, driven by AI and iPhone demand, but warned of risks from global political volatility.

Delhi's EV Policy Targets 30% Electrification by 2030 Amid Infrastructure and Supply Chain Challenges

Delhi aims to electrify 30% of its vehicles by 2030 under a new policy targeting air pollution reduction. Challenges include charging infrastructure, battery supply chain …

El Nio and Rising Imports Challenge India's Food Security in 2026

El Nio in a strong phase threatens India’s kharif and rabi crops, increasing food inflation risks and pushing the country toward higher food imports. MSP …

FDA Cracks Synthetic Milk Racket in Maharashtra, Arrests 13 in Five Districts

The FDA dismantled a synthetic milk racket in Maharashtra on July 4–5, 2026, arresting 13 and seizing ₹1.48 crore worth of harmful chemicals used in …

04 Jul 2026

2 articles

RBI Conducts Large-Scale Liquidity Absorption via Money Market Operations on July 4, 2026

The RBI absorbed ₹1.79 lakh crore in liquidity on July 4, 2026, through LAF, SDF, and MSF operations, signaling a shift toward tighter monetary policy …

WhatsApp Given 3 Extra Days to Respond on Username Feature, Assures No India Rollout Until Talks End

WhatsApp has been granted three extra days to respond to the IT Ministry’s notice on its username feature, with a promise not to launch it …

30 Jun 2026

5 articles

India's Low-Growth MSME Sector: What Holds Small Enterprises Back

India's 79.2 million unincorporated enterprises employ a vast workforce but generate just 6.5% of national GVA. Most are near-solo, low-productivity units where self-employment is a …

India Revamps the Index of Industrial Production (IIP); Output Grows 5.1% in May 2026

India revamped its Index of Industrial Production (IIP) with a 2022-23 base year and switched to a Producer Price Index deflator, improving GDP data. Industrial …

India's Fiscal Deficit at 9.6% of FY27 Target by End-May

India's fiscal deficit reached 9.6% of the FY27 target (about 1.62 trillion rupees) by end-May 2026, narrowing sharply after a record RBI dividend of 2.87 …

BANKING UPSC SSC STATE_PCS

RBI Releases Financial Stability Report, June 2026

The RBI released the June 2026 Financial Stability Report, finding India's financial system resilient with sound banks, NBFCs and insurers. It flagged elevated global risks …

UPSC SSC RAILWAY STATE_PCS BANKING

India Becomes World's Second-Largest Steel Producer

India is now the world's second-largest crude steel producer after China, making nearly 9% of global output. Production rose from 28 million tonnes in FY02 …

28 Jun 2026

1 articles

UPSC SSC BANKING STATE_PCS

Apple Reinstates Card Payments on App Store in India, RuPay Support Expected Soon

Apple has restored Visa and Mastercard payments on the App Store in India, complying with RBI’s tokenisation and data localisation rules. RuPay support is expected …

25 Jun 2026

1 articles

India's Shipbuilding Push and Why Cooperation With South Korea Matters

India wants to join the world's top shipbuilding nations through its Maritime India Vision and a large support package. A deepening partnership with South Korea, …

23 Jun 2026

5 articles

UPSC SSC BANKING STATE_PCS

Government Plans Subsidized Tomato Sales to Cool Price Rise

The Union government plans to sell tomatoes at subsidized rates of Rs 35-45 per kg through cooperative outlets to control a sharp price rise. Retail …

Index of Eight Core Industries: What It Measures and Why It Matters

The Index of Eight Core Industries grew just 0.5% in May 2026 and about 1.1% over 2025-26, showing weak momentum in India's basic industries. The …

BANKING UPSC SSC STATE_PCS

India Private Sector Growth Slows in June as PMI Eases

India's private sector grew more slowly in June 2026, with the HSBC Flash Composite PMI falling to 57.4 from 59.3 in May, though it stayed …

Government to Buy Back Dated Securities Worth Rs 30,000 Crore

The Government of India will buy back its dated securities worth about Rs 30,000 crore (face value) through an auction on the RBI E-Kuber platform …

BANKING UPSC STATE_PCS