Current Affairs for Exams

Economy

Government Approves Sale of CPSE Indian Medicines Pharmaceutical Corporation for ₹121 Crore

The government approved the strategic sale of IMPCL, a CPSE under the Ministry of Ayush, to Skymap Pharmaceuticals for ₹121 crore, including 100% stake and …

UPSC BANKING SSC

Economy

RBI Sets Up Expert Committee on Quantum-Secure Financial Ecosystem (Q-SAFE)

The RBI has set up an expert committee, Q-SAFE, to prepare the financial system for quantum technology, which can both solve complex problems and threaten …

BANKING UPSC SSC

Economy

RBI Sets Cooling-Off Period for Directors of Co-operative Banks

The RBI has finalised rules introducing a cooling-off period for directors of urban and rural co-operative banks who complete ten continuous years on the board, …

BANKING UPSC SSC

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

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

Indian Railways Plans ₹40,000 Crore Tender for 1 Lakh Freight Wagons

Indian Railways plans a ~₹40,000 crore tender to procure 100,000 freight wagons over 3-4 years, boosting freight capacity.

UPSC RAILWAY SSC

Economy

India’s Wheat Procurement Crosses 34 Million Tonnes, Strengthening Food Buffers

India has procured 34.2 million tonnes of wheat this rabi season, above last year and near target, strengthening food buffer stocks.

UPSC SSC

Economy

Petrol-Diesel Excise Duty Cut to Cost Government ₹1 Lakh Crore in Revenue

FM Sitharaman said cutting excise duty on petrol and diesel will reduce government revenue by about ₹1 lakh crore, easing fuel prices for consumers.

UPSC SSC

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