★ ImportantInternational Relations
India-UK CETA takes effect; $140 million exported duty-free on Day 1
The India-UK CETA became operational on July 15, with India exporting over $140 million of goods to the UK at zero duty on the first day.
RBI Grade B Current Affairs 2026 — Daily Updates for RBI Grade B
Daily RBI Grade B current affairs 2026 — key facts, MCQ-ready angle, weekly capsules, monthly free PDFs for RBI Grade B aspirants on TestNeeti.
439 articlesUpdated 19 July 2026
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Latest RBI Grade B Current Affairs
★ ImportantScience & Technology
Cabinet approves ₹1.27 lakh crore for India Semiconductor Mission 2.0
The Union Cabinet cleared ₹1.27 lakh crore for the second phase of the India Semiconductor Mission, expecting ₹4 lakh crore investment and ₹2 lakh crore in chip production.
★ ImportantGovernment Schemes
Cabinet approves ₹62,500 crore Mobile Phone Manufacturing Scheme
The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) with a ₹62,500 crore outlay, succeeding the smartphone PLI, targeting ₹39 lakh crore output and 60,000 jobs.
Appointments
RBI approves Rajiv Kumar as HDFC Bank part-time Chairman
The RBI approved the appointment of former Chief Election Commissioner and ex-Finance Secretary Rajiv Kumar as HDFC Bank's part-time Chairman for three years, effective July 15, 2026.
Economy & Banking
SEBI adopts new Code of Conduct for board members with recusal framework
SEBI adopted a new code of conduct for its board members, mandating recusal from matters involving conflicts of interest and restricting direct stock investments.
★ ImportantEconomy & Banking
Government clears strategic disinvestment of IDBI Bank; Centre, LIC to sell 60.72% stake
The government has cleared the strategic disinvestment of IDBI Bank, with the Centre and LIC set to sell a combined 60.72% stake and transfer management control.
Government Schemes
NABARD and NSDC launch 'Gramodyam' to create 4,000 rural entrepreneurs
NABARD and NSDC launched Gramodyam, a rural entrepreneurship programme to nurture 4,000 rural entrepreneurs over three years, on NABARD's 45th Foundation Day.
Reports & Indexes
India launches maiden Index of Services Production; 14 of 19 sub-sectors post double-digit growth in April
India released its first Index of Services Production (ISP), with 14 of 19 formal services sub-sectors recording double-digit growth in April 2026.
★ ImportantPolity & Governance
Manohar Lal Calls Central Vista the Kartavya Bhawan Area
Housing and Urban Affairs Minister Manohar Lal said the Central Vista stretch should now be called the Kartavya Bhawan Area and that the terminology should appear in documents.
★ ImportantDigital & Tech Initiatives
Submer Group Announces $2 Billion Madhya Pradesh Semiconductor Investment
Spain's Submer Group announced a $2 billion (₹19,000 crore) semiconductor-sector investment in Madhya Pradesh at MP Tech Growth Conclave 3.0, with nearly 5,000 direct jobs projected.
★ ImportantPolity & Governance
CJI Surya Kant Creates Four Benches for Supreme Court’s Oldest Cases
CJI Surya Kant constituted four dedicated division benches to hear the Supreme Court’s oldest civil and criminal matters, with the special roster taking effect on July 13, 2026.
Economy & Banking
IMF projects India to stay world's fastest-growing major economy at 7%
The IMF's World Economic Outlook Update projected India to grow 7% this calendar year, retaining its position as the world's fastest-growing major economy.
Science & Technology
Amazon commits additional $13 billion to India for AI and cloud expansion
Amazon announced an additional $13 billion investment in India for AI and cloud infrastructure, raising its planned 2026-2030 investment to $48 billion, after CEO Andy Jassy met Prime Minister Narendra Modi.
★ ImportantInternational Relations
Modi and Luxon Elevate India-New Zealand Ties to Strategic Partnership with 2030 Roadmap
India and New Zealand upgraded their relationship to a Strategic Partnership and adopted a Roadmap to 2030 targeting NZ$7 billion in bilateral trade, during PM Modi's visit.
Economy & Banking
NSE Indices Launches Nifty500 Ahimsa Index Tracking Non-Violence-Aligned Firms
NSE Indices launched the Nifty500 Ahimsa Index, a thematic index of Nifty 500 companies whose business practices align with the principle of non-violence towards animals.
★ ImportantEconomy & Banking
World Bank Approves $890 Million for India's PM Surya Ghar Rooftop Solar Programme
The World Bank's Board approved an $890 million financing package for India's PM Surya Ghar: Muft Bijli Yojana rooftop solar programme and will mobilise an additional $4.2 billion in private financing.
★ ImportantTaxation
GST Law Panel Clears Proposal to Shield Buyers' Input Tax Credit From Supplier Defaults
A GST Council law panel cleared a proposal protecting buyers' input tax credit even if suppliers fail to deposit tax, provided invoices are reported and payments made via banking channels.
Economy & Banking
India Extends Anti-Dumping Duty on Chinese Seamless Tubes and Pipes till January 2027
India extended anti-dumping duties on certain seamless tubes and pipes from China until January 2027 to protect domestic manufacturers, and continued duties on Normal Butanol imports.
★ ImportantInternational Relations
India, Australia and Canada Sign ACITI Trilateral Technology and Innovation Partnership
India, Australia and Canada signed the MoU for the Australia-Canada-India Technology and Innovation (ACITI) Partnership, a trilateral framework on AI, green energy, critical minerals and resilient supply chains.
★ ImportantInternational Relations
New Zealand PM Luxon Says India FTA Makes 57% of NZ Exports Tariff-Free from Day One
New Zealand PM Christopher Luxon said 57% of New Zealand's exports will enter India tariff-free immediately under the new India-New Zealand FTA, ahead of PM Modi's visit.
★ ImportantTaxation
Finance Ministry Exempts Customs Duty on Inputs for Lithium-ion Cells and Electronics
The Finance Ministry has exempted customs duty on specified goods used to manufacture lithium-ion cells, inductor coil modules and display assemblies, with immediate effect.
★ ImportantEconomy & Banking
ADB Cuts India's FY27 GDP Growth Forecast to 6.6% on Higher Energy Prices
The Asian Development Bank lowered India's FY27 GDP growth forecast to 6.6% and raised its inflation projection to 5.2%, citing elevated energy prices.
★ ImportantInternational Relations
India, Australia Sign 18 Pacts Including Uranium Supply Deal at Modi-Albanese Summit
India and Australia signed 18 agreements in Melbourne, headlined by a civil nuclear energy pact enabling commercial supply of Australian uranium to India.
★ ImportantEconomy & Banking
Indian Mutual Funds Overtake FIIs in Total Assets for the First Time
Domestic mutual funds' total assets under custody surpassed those of foreign institutional investors for the first time in June 2026, reaching ₹76.41 lakh crore against FIIs' ₹76.22 lakh crore.
★ ImportantEconomy & Banking
RBI Reiterates Push for Cryptocurrency Prohibition, Citing Financial and Tax Risks
The RBI has reiterated that India's crypto policy should move towards prohibition, while the income tax department flagged difficulties in monitoring and taxing crypto traded via offshore platforms.
★ ImportantAppointments
India's Bimal N. Patel Elected ITLOS Judge for 2026–2035 Term
Indian jurist Bimal N. Patel has been elected a judge of the International Tribunal for the Law of the Sea (ITLOS) for the 2026–2035 term, in an election held in New York.
★ ImportantDefence
India, Indonesia Sign $200 Million BrahMos Missile Deal During Modi's Jakarta Visit
India and Indonesia signed preliminary agreements for Jakarta to procure the BrahMos supersonic cruise missile system and Astra air-to-air missiles, with the BrahMos component estimated at around $200 million, during PM Modi's visit.
★ ImportantEconomy & Banking
IMF Trims India's FY27 Growth to 6.4%, Keeps It the Fastest-Growing Major Economy
The IMF marginally lowered India's FY27 growth forecast to 6.4% while retaining India as the world's fastest-growing major economy, and cut its 2026 global growth forecast to 3%.
Reports & Indexes
India to Need 888 GWh of Energy Storage by 2035-36, Says IESA Report at IESW 2026
India will require 888 GWh of energy storage system capacity by 2035-36, up from about 1 GWh today, according to the India BESS Market Review released by IESA and Customized Energy Solutions at India Energy Storage Week 2026.
Economy & Banking
NSE to Launch India's First Domestic Natural Gas Futures on July 27
The National Stock Exchange will launch India's first exchange-traded natural gas futures, benchmarked to Indian Gas Exchange prices at the Dahej hub, from July 27, 2026 after SEBI approval.
Economy & Banking
NPCI Ties Up With HSBC India for Real-Time FX Settlement on International UPI
NPCI partnered with HSBC India to provide real-time foreign-exchange settlement for cross-border payments, making international UPI transactions faster and more transparent for Indian travellers.
★ ImportantEconomy & Banking
SEBI Reintroduces Open Market Share Buybacks Through Stock Exchanges From August 1
SEBI has notified rules to reintroduce open market share buybacks through stock exchanges from August 1, 2026, capping the execution period at 66 working days and limiting buybacks to less than 15% of paid-up capital and free reserves.
★ ImportantReports & Indexes
MoSPI to Launch India's First Monthly Index of Services Production on July 14
MoSPI will launch India's first monthly Index of Services Production on July 14 to track the formal services sector, complementing the IIP.
★ ImportantEconomy & Banking
India's FDI Inflows Rose 44% to $39 Billion in 2025, Ranked 11th Globally: UNCTAD
India's FDI inflows rose 44% to $39 billion in 2025, making it the 11th biggest FDI destination globally, according to UNCTAD's World Investment Report 2026.
★ ImportantTaxation
CBDT Issues Clarificatory FAQs for Transition to the Income-tax Act, 2025
The CBDT has issued comprehensive clarificatory FAQs on the transition provisions under Section 536 (Repeals and Savings) of the Income-tax Act, 2025, which came into force on 1 April 2026, clarifying the framework for summons, notices, searches and recovery.
★ ImportantGovernment Schemes
DPIIT Issues Guidelines for ₹10,000 Crore Startup India Fund of Funds 2.0
DPIIT has issued operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0, with SIDBI as the initial implementation agency deploying capital through SEBI-registered AIFs into recognised startups.
★ ImportantInternational Relations
India and Indonesia Sign BrahMos, Critical Minerals and Defence Deals During Modi's Jakarta Visit
During PM Modi's Jakarta visit, India and Indonesia signed agreements covering BrahMos and Astra missiles, defence technology transfers, critical minerals, maritime security and telecom, as President Prabowo conferred the Bintang Adipurna on Modi.
★ ImportantInternational Relations
BRICS Nations Adopt Guwahati Declaration to Combat Drug Trafficking
BRICS nations adopted the Guwahati Declaration on July 7, 2026, reaffirming commitment to strengthen cooperation against illicit drug trafficking and related organised transnational crime.
★ ImportantInternational Relations
Piyush Goyal to Visit Spain, Belgium and Finland to Advance India-EU Trade Ties
Commerce Minister Piyush Goyal will visit Spain, Belgium and Finland on July 14-15 with business leaders and meet the EU Trade Commissioner as part of preparations for implementing the trade pact.
★ ImportantAwards & Honours
Indonesia Confers Its Highest Civilian Honour Bintang Adipurna on PM Modi
PM Narendra Modi was conferred the Bintang Adipurna, Indonesia's highest civilian honour, during his visit to Indonesia, reflecting closer India-Indonesia ties under India's Act East Policy.
★ ImportantDefence
Defence Acquisition Council Clears Rs 52,000 Crore in Military Procurement Proposals
India's Defence Acquisition Council granted Acceptance of Necessity to acquisition proposals worth about Rs 52,000 crore ($5.5 billion) for the armed forces.
★ ImportantAppointments
Vice Admiral Krishna Swaminathan Appointed Chief of the Naval Staff
Vice Admiral Krishna Swaminathan, Western Naval Command chief and former Vice Chief of the Naval Staff, has been appointed Chief of the Naval Staff.
★ ImportantScience & Technology
DAE inaugurates the world's first Cu-Cl cycle hydrogen plant using nuclear heat
India's Department of Atomic Energy commissioned the world's first hydrogen plant using the Copper-Chlorine thermochemical cycle powered by nuclear heat at Kalpakkam.
★ ImportantHealth
India creates around 900 million health IDs under Ayushman Bharat Digital Mission
India has created around 900 million Ayushman Bharat Health Accounts, a milestone in building a digital health ecosystem under ABDM.
★ ImportantEnvironment & Ecology
Zoological Survey of India documents 709 new animal species in 2025
The Zoological Survey of India's Animal Discoveries-2025 report added 709 new faunal records, taking India's cataloged animal diversity to 105,953 species.
★ ImportantEnvironment & Ecology
Centre proposes mandatory carbon emission targets for iron and steel plants
The Centre has proposed mandatory greenhouse gas emission intensity targets for over 200 iron and steel plants, expanding India's compliance carbon market.
★ ImportantObituaries
Millions join Tehran funeral procession for Iran's Ali Khamenei
A crowd estimated in the millions joined the Tehran funeral procession of Iran's supreme leader Ali Khamenei, with his son Mojtaba Khamenei named successor.
★ ImportantGovernment Schemes
RBI rolls out revised Integrated Ombudsman Scheme with higher compensation
The RBI's revised Integrated Ombudsman Scheme, 2026 took effect from July 1, raising compensation limits and easing complaint resolution.
★ ImportantGovernment Schemes
Centre releases ₹10,021 crore PMAY-G rural housing funds for 12 states
The Union Rural Development Ministry released a ₹10,021 crore PMAY-G instalment for FY 2026-27 across 12 states to speed up rural housing.
★ ImportantGovernment Schemes
Cabinet approves ₹5,600 crore Cotton Productivity Mission and two semiconductor units
The Union Cabinet cleared a ₹5,600 crore Cotton Productivity Mission, ECLGS 5.0, a sugarcane FRP, and two semiconductor units in Gujarat.
