★ ImportantEconomy & Banking
India Meets FY26 Fiscal Deficit Target at 4.4% of GDP
India met its FY2025-26 fiscal deficit target of 4.4% of GDP, aided by prudent expenditure management and strong net tax receipts.
IBPS PO Current Affairs 2026 — Daily Updates for IBPS PO
Daily IBPS PO current affairs 2026 — key facts, MCQ-ready angle, weekly capsules, monthly free PDFs for IBPS PO aspirants on TestNeeti.
177 articlesUpdated 3 June 2026
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Latest IBPS PO Current Affairs
★ ImportantDefence
Admiral Krishna Swaminathan Takes Over as 27th Chief of the Naval Staff
Admiral Krishna Swaminathan, PVSM, AVSM, VSM, assumed charge as the 27th Chief of the Naval Staff (Navy Chief) of the Indian Navy.
★ ImportantEconomy & Banking
SEBI Modifies Nomination Norms for Demat Accounts and Mutual Fund Folios
SEBI announced modified norms for nomination in demat accounts and mutual fund folios under its 'ease of doing investments' push to simplify processes for investors.
★ ImportantEconomy & Banking
RBI Annual Report FY26: Repo Rate Held at 6.5%, Inflation Vigilance Flagged
The RBI's FY2025-26 Annual Report reaffirmed the repo rate at 6.5% and flagged the need for vigilance on the inflation outlook ahead of the June 2026 MPC.
★ ImportantEconomy & Banking
RBI Transfers Record ₹2.87 Lakh Crore Dividend to Central Government for FY25
The Reserve Bank of India approved a record dividend payout of ₹2.87 lakh crore to the central government for FY 2024-25, providing fiscal breathing space amid global headwinds.
★ ImportantPolity & Governance
DK Shivakumar Set to Take Over as Karnataka Chief Minister After Siddaramaiah Resigns
Karnataka Chief Minister Siddaramaiah resigned, paving the way for Deputy CM DK Shivakumar to take over as the state's next Chief Minister under the Congress.
★ ImportantAgriculture
India Becomes World's Largest Rice Producer with Record 154.02 Million Tonnes
India's rice output is estimated at a record 154.02 million tonnes for the 2025-26 crop year, making it the world's largest producer of rice for the first time, ahead of China.
★ ImportantInternational Relations
India and US Sign Critical Minerals and Rare Earths Cooperation Pact
India and the United States signed a Critical Minerals and Rare Earths Agreement to strengthen supply chains for clean energy, electronics and defence sectors.
★ ImportantInternational Relations
Quad Pledges $20 Billion to Strengthen Critical Minerals Supply Chains
The Quad announced a $20 billion combined investment to strengthen critical minerals supply chains, reduce dependence on China and support clean-energy and defence applications.
★ ImportantInternational Relations
Quad Foreign Ministers' Meeting in New Delhi Announces Major Indo-Pacific Initiatives
Foreign Ministers of India, the US, Australia and Japan met in New Delhi and announced new initiatives on critical minerals, maritime security, port infrastructure and energy.
★ ImportantPolity & Governance
Assam Assembly Passes Uniform Civil Code Bill
The Assam Legislative Assembly passed the Uniform Civil Code Bill, with tribal communities exempted; opposition flagged concerns about the exemption.
★ ImportantEconomy & Banking
New Index of Industrial Production with 2022-23 Base Year to Launch June 1
A revamped Index of Industrial Production with base year 2022-23 will be launched on June 1, expanding coverage to rare earths, minor minerals and 120 new items.
★ ImportantPolity & Governance
Supreme Court Upholds Bihar's Special Intensive Revision of Electoral Rolls
The Supreme Court upheld the Election Commission's Special Intensive Revision (SIR) of electoral rolls in Bihar, calling it an advancement towards free and fair elections.
★ ImportantGovernment Schemes
Cabinet Approves ₹25,530 Crore SARTHAK-PDS to Modernise Ration System till 2031
The Union Cabinet cleared a ₹25,530 crore outlay to extend and modernise the SARTHAK-PDS scheme till 2031, benefiting around 80 crore people under the public distribution system.
★ ImportantTaxation
Supreme Court Upholds 28% Retrospective GST on Online Gaming Firms
The Supreme Court upheld the government's retrospective 28% GST levy on online gaming, validating tax demands of nearly ₹1.5 lakh crore against around 80 companies.
★ ImportantScience & Technology
Cabinet Approves National AI Policy With ₹10,000 Crore Investment Target
The Union Cabinet has approved a comprehensive policy on Artificial Intelligence, targeting over ₹10,000 crore investment and 1.5 lakh jobs by 2031.
★ ImportantEconomy & Banking
UAE Exits OPEC and OPEC+ in Historic Move
The United Arab Emirates has formally withdrawn from OPEC and OPEC+, dealing a major blow to the global oil producers' cartel.
★ ImportantInternational Relations
UAE Exits OPEC and OPEC+ in Major Blow to Global Oil Cartel
The UAE announced its withdrawal from both OPEC and OPEC+, dealing a major blow to the oil producers' group amid the ongoing Strait of Hormuz crisis.
★ ImportantPolity & Governance
7 AAP Rajya Sabha MPs Officially Merge with BJP; NDA Crosses 140 Mark
Rajya Sabha Chairman accepted the merger petition of 7 AAP MPs including Raghav Chadha with the BJP, boosting NDA's Upper House tally above 140.
★ ImportantInternational Relations
India-New Zealand Sign Historic Free Trade Agreement
India and New Zealand signed a landmark FTA granting 100% duty-free access to Indian exports, covering goods, services, and investment.
★ ImportantPolity & Governance
CJI Surya Kant Calls for National Registry of Former Judges for ADR; Backs Mediation as Justice
Chief Justice of India Surya Kant called for a structured national registry of former judges willing to serve in Alternative Dispute Resolution, stating that Mediation, Lok Adalats and Arbitration are 'the only door to justice' for millions of Indians.
★ ImportantEconomy & Banking
India's Crude Oil Imports Dip 17% in March; LNG Imports Jump 20.5% Amid Shift to Gas
India's crude oil imports declined nearly 17% in March 2026 due to the West Asia conflict disrupting Middle East supplies, while LNG imports rose 20.5% as India accelerated its push for piped gas and clean fuel.
★ ImportantPolity & Governance
Census 2027 Self-Enumeration Opens; PM Modi Urges Participation and Assures Data Security
The Census 2027 self-enumeration window opened with an online portal, with PM Modi urging citizens to participate and assuring data security. India's last Census was in 2011 — delayed by COVID-19.
★ ImportantScience & Technology
ISRO to Launch G20 Satellite in 2027; India First to Launch 104 Satellites in Single Mission
ISRO Chief V. Narayanan announced the G20 satellite is expected to be launched in 2027, while highlighting that India was the first country to launch 104 satellites simultaneously using a single rocket without any collision.
★ ImportantInternational Relations
Ajit Doval Visits UAE to Discuss Energy Security and Hormuz Crisis
NSA Ajit Doval visited the UAE to meet President Sheikh Mohamed bin Zayed, discussing India's energy security concerns amid the Strait of Hormuz crisis and exploring alternative supply arrangements.
★ ImportantEconomy & Banking
India's Forex Reserves Rise to $703 Billion; DTAA Benefits with Mauritius to Continue
India's foreign exchange reserves jumped $2.3 billion to $703 billion, while India assured Mauritius that DTAA tax benefits will continue following a Supreme Court ruling.
★ ImportantEconomy & Banking
India's Core Sector Output Contracts 0.4% in March 2026 — Worst in 19 Months
India's eight core sector output contracted 0.4% in March 2026 — the worst performance in 19 months — as the West Asia conflict disrupted energy and industrial activity.
★ ImportantEconomy & Banking
Credit Flows Jump 38% in FY26 to ₹44.6 Lakh Crore as RBI Rate Cuts Boost Demand
India's formal credit flows surged 38% in FY26 to ₹44.6 lakh crore, with total outstanding credit crossing ₹300 lakh crore for the first time, driven by RBI's rate cuts and liquidity infusion.
★ ImportantPolity & Governance
Ashok Lahiri Appointed NITI Aayog Vice-Chairman; Gobardhan Das Named Member
Former Chief Economic Adviser Ashok Lahiri was appointed as the new Vice-Chairman of NITI Aayog, replacing Suman Bery, while scientist Gobardhan Das was named a new member.
★ ImportantEconomy & Banking
India's March Oil Imports: Russia Hits Record High, OPEC Share Drops to All-Time Low of 29%
India's March 2026 oil imports data showed Russian crude at record volumes, while OPEC's share dropped to an all-time low of 29% as India diversified away from Middle East suppliers.
★ ImportantEconomy & Banking
India-New Zealand FTA Near Signing; PM Luxon Calls It 'Once-in-a-Generation Deal'
India and New Zealand concluded Free Trade Agreement negotiations, with signing scheduled for April 27. New Zealand PM Christopher Luxon called it a 'once-in-a-generation deal' to double bilateral trade to $5 billion.
★ ImportantEconomy & Banking
UN Projects India GDP Growth at 6.4% in 2026; Rupee Hits 93.48 Against Dollar
The UN projected India's GDP growth at 6.4% in 2026 and 6.6% in 2027, while the rupee plunged 32 paise to settle at 93.48 against the US dollar amid oil shock pressures.
★ ImportantScience & Technology
Tim Cook Steps Down as Apple CEO; Hardware Chief John Ternus Takes Over
Tim Cook announced his resignation as Apple CEO, with hardware engineering chief John Ternus set to take over. Cook, who led Apple since 2011, will transition to Executive Chairman.
★ ImportantEnvironment & Ecology
UP's Shekha Jheel Joins Ramsar List; India Nears 100 Wetland Sites Milestone
Uttar Pradesh's Shekha Jheel has been added to the Ramsar List of Wetlands of International Importance, taking India close to the milestone of 100 Ramsar sites.
★ ImportantInternational Relations
Iran Seizes India-Bound Ship at Strait of Hormuz; Indian Seafarer Among Crew
Iran's IRGC seized two vessels at the Strait of Hormuz including an India-bound ship headed to Mundra port, with one Indian seafarer among the 21-member crew.
★ ImportantInternational Relations
Rajnath Singh Visits Germany; India-Japan Defence Ties Deepen With China in Mind
Defence Minister Rajnath Singh visited Germany inking defence cooperation pacts, while India and Japan moved to deepen defence ties with an eye on China's regional ambitions.
★ ImportantPolity & Governance
Bihar Gets New CM Samrat Choudhary; First Cabinet Prioritises Temple, Township, Skills
Samrat Choudhary was sworn in as Bihar's new Chief Minister after Nitish Kumar resigned to take Rajya Sabha membership, with the first cabinet meeting prioritising temple, township, and skills development.
★ ImportantPolity & Governance
Tamil Nadu Records 84.29% Voter Turnout, West Bengal Phase 1 at 92.25% in Assembly Elections
Tamil Nadu recorded 84.29% voter turnout and West Bengal Phase 1 recorded 92.25% in their respective assembly elections, indicating strong electoral participation.
★ ImportantNational Security
Pahalgam Terror Attack: India Vows 'Won't Bow to Terror'; US and EU Express Solidarity
A terror attack in Pahalgam, Kashmir claimed lives of tourists, with President and PM paying homage to victims while US and EU expressed solidarity with India.
★ ImportantInternational Relations
India Plugs Oil Supply Gap as Middle East Supplies Shrink; NSA Doval Meets UAE President
India is actively diversifying oil imports to plug the gap from reduced Middle East supply, while NSA Ajit Doval met UAE President to discuss the energy crisis and Strait of Hormuz situation.
★ ImportantPolity & Governance
Modi Urges Public Support for Census; Stresses Data Security
PM Modi urged citizens to participate actively in the upcoming census and assured data security, as India prepares for its first census since 2011.
★ ImportantEconomy & Banking
HSBC Downgrades India to 'Underweight'; India-US Trade Talks: US Calls India 'Tough Nut to Crack'
HSBC downgraded India to 'underweight' citing oil shock risk, while US Trade Representative Greer called India a 'tough nut to crack' as trade negotiations wrapped up.
★ ImportantEconomy & Banking
Jio Financial Services and Allianz Group Form JV for General and Health Insurance in India
Jio Financial Services (JFSL) and Germany's Allianz Group announced a joint venture to offer general and health insurance in India, with a separate binding agreement for life insurance also in the works.
★ ImportantInternational Relations
BRICS Deputy FM Meeting in Delhi Fails to Issue Joint Statement; India Issues Chair's Statement
UAE-Iran differences and India's push to dilute Israel-Palestine language derailed a joint statement at the BRICS Deputy FM meeting in Delhi, with India issuing only a Chair's Statement.
★ ImportantScience & Technology
Govt Forms SBI-Led Panel to Assess Risks from AI Platform 'Mythos'
Finance Minister Nirmala Sitharaman announced a panel led by SBI Chairman C.S. Setty to assess risks from Anthropic's AI platform Mythos and devise banking sector mitigation strategies.
★ ImportantPolity & Governance
Kavitha Launches 'Telangana Rashtra Sena'; AAP's Raghav Chadha, Swati Maliwal Join BJP
K. Kavitha launched Telangana Rashtra Sena (TRS) in Hyderabad while AAP MPs Raghav Chadha and Swati Maliwal formally joined BJP amid political realignment.
★ ImportantAppointments
Ashok Lahiri Appointed NITI Aayog Vice-Chairman; New Members Inducted
Former Chief Economic Adviser Ashok Lahiri is set to become the new NITI Aayog Vice-Chairman, replacing Suman Bery, with Gobardhan Das joining as member.
★ ImportantEconomy & Banking
Net FDI Jumps to 45-Month High in February 2026, Breaking Six-Month Negative Streak
India's net Foreign Direct Investment surged to a 45-month high in February 2026, with gross FDI jumping 61.6% to a seven-month high of nearly $9 billion.
★ ImportantEconomy & Banking
RBI Cancels Paytm Payments Bank License Over Regulatory Non-Compliance
The RBI cancelled the banking license of Paytm Payments Bank Ltd (PPBL) for persistent regulatory violations, including non-compliance with KYC norms.
★ ImportantEconomy & Banking
Reliance Industries Becomes First Indian Company to Cross $10 Billion Annual Profit
Reliance Industries reported a record net profit of ₹95,610 crore in FY26, becoming the first Indian company to surpass $10 billion in annual profit.
