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.
Daily RBI Grade B current affairs 2026 β key facts, MCQ-ready angle, weekly capsules, monthly free PDFs for RBI Grade B aspirants on TestNeeti.
Free PDF download
Print-ready PDF with every RBI Grade B current affairs item β key facts, MCQ angle, and practice questions in a single document.
India met its FY2025-26 fiscal deficit target of 4.4% of GDP, aided by prudent expenditure management and strong net tax receipts.
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.
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.
The Reserve Bank of India approved a record dividend payout of βΉ2.87 lakh crore to the central government for FY 2024-25, providing fiscal breathing space amid global headwinds.
India and the United States signed a Critical Minerals and Rare Earths Agreement to strengthen supply chains for clean energy, electronics and defence sectors.
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.
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.
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.
The Supreme Court upheld the government's retrospective 28% GST levy on online gaming, validating tax demands of nearly βΉ1.5 lakh crore against around 80 companies.
The United Arab Emirates has formally withdrawn from OPEC and OPEC+, dealing a major blow to the global oil producers' cartel.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.
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.
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.
India's eight core sector output contracted 0.4% in March 2026 β the worst performance in 19 months β as the West Asia conflict disrupted energy and industrial activity.
India's formal credit flows surged 38% in FY26 to βΉ44.6 lakh crore, with total outstanding credit crossing βΉ300 lakh crore for the first time, driven by RBI's rate cuts and liquidity infusion.
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.
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.
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.
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.
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.
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.
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.
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.
The RBI cancelled the banking license of Paytm Payments Bank Ltd (PPBL) for persistent regulatory violations, including non-compliance with KYC norms.
Reliance Industries reported a record net profit of βΉ95,610 crore in FY26, becoming the first Indian company to surpass $10 billion in annual profit.
The RBI's Monetary Policy Committee kept the benchmark repo rate at 5.25% while maintaining a neutral stance, citing global uncertainties from the ongoing West Asia conflict.
India and New Zealand signed a landmark Free Trade Agreement on April 27, 2026, marking one of the fastest-negotiated trade deals India has ever concluded.
India revised the Index of Industrial Production (IIP) to a new base year of 2022-23, adding 120 new item groups; industrial output grew 4.9% in April.
Ahead of the June 2026 MPC meeting, the RBI is widely expected to hold the policy rate steady amid rising inflation risks and global uncertainty, with FY27 GDP pegged around 6.6%.
The central government notified export duty rates on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1, 2026.
The RBI's June 2026 Monetary Policy Committee meeting and the US Federal Reserve meeting are among the key events in focus, with the RBI widely expected to hold rates steady.
The Indian rupee posted its best single-day gain in nearly two months, closing around 95 against the US dollar, aided by RBI intervention and softer crude oil prices.
The central government granted a temporary exemption from all customs duty on cotton imports from June 1 to October 31, 2026, balancing farmer and textile-industry interests.
The Finance Ministry's Department of Economic Affairs will conduct factory visits to gather ground-level inputs from manufacturing units before Budget 2026-27 planning.
The Supreme Court has asked the Centre and RBI to respond to a petition seeking an audit of banks' lending to real estate developers and a probe into alleged fund misuse.
The World Economic Forum has identified India as the world's premier growth engine, citing robust infrastructure, technology and proactive trade policies amid the West Asia conflict.
The National Highways Authority of India has identified 17 highway assets totalling over 1,600 km across 9 states for monetisation in FY 2026-27 through ToT and InvIT modes.
India and South Korea have begun talks to upgrade their Comprehensive Economic Partnership Agreement, aiming to reduce the bilateral trade deficit and boost cooperation in digital trade and supply chains.
India and Canada aim to conclude the Comprehensive Economic Partnership Agreement by year-end and triple bilateral trade to $50 billion by 2030.
Andhra Pradesh, in partnership with SIDBI, launched an angel fund through the Ratan Tata Innovation Hub to back deep-tech startups in AI, quantum and electronics.
The Supreme Court Collegium recommended elevation of four High Court Chief Justices and one senior advocate as Supreme Court judges.
Coal India's Offer for Sale was oversubscribed 8 times on the first day, with bids worth around βΉ19,000 crore prompting the government to exercise the greenshoe option.
The Centre plans to divest up to 2% in Life Insurance Corporation, expected to raise around βΉ10,000 crore, deepening LIC's public shareholding.
A US trade delegation will visit India from June 1 to 4, 2026 to finalise the details of an interim bilateral trade agreement covering market access, customs and investment.
Foreign portfolio investor outflows from India in Jan-Apr 2026 have exceeded total outflows of 2025.
The World Gold Council reports a 10% rise in gold demand in Jan-Mar 2026 with a 99% surge in value driven by geopolitical tensions.
India's credit card market has expanded to 119 million active cards, with PSU banks gaining share in spends.