* Favara, UPI Cross Border Payment Became The 10th Nations To Go Live Payment On UPI Started
* The IIP Growth Rate For The Month Of June 2026 Is 7.3%
* Government Of India Has Collected Rs 2.11 Lakh Crores GST In July 2026
* Gross Domestic GST Revenue Increase 10.1% At Rs 1.45 Lakh Crores In July ( Year To Year)
* UPI Recorded 23.66 Billion Transaction Worth Rs 29.9 Lakh Crores In July 2026
* India's Coal Production Growth ( 7.51% in July 2026 ( 86.33 MT Production in July 2026) As Compared To ( 73.57 MT in July 2025)
* Maharshtra Became The Top State With Highest UPI TRANSACTION ( Rs 2,67,412 Crores )
* Reserve Bank of India (RBI) Has Keep Unchanged It's Repo Rate - 5.25% For FY 2026/27
* Marginal Standing Facility & Bank Rate REMAINS Same (5.50%)
* Standing Deposit Facility ( SDF) Remains At 5.0%
* Real GDP Growth Projected 6.7% For FY 2026/27
* CPI Inflation For 2026/27 - Projected 5.00%
* Supreme Court Extended The Mandatory Third Party Motor Insurance Coverage Of New Vehicle By a Year
* LIC Gets Reserve Bank of India ( RBI) Nod To Raise HDFC Bank Holding 10% From 4%
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* Reserve Bank of India ( RBI) Has Released A List Of 17 Large ( Upper Layer or UL) Non - Banking Finance Companies ( NBFCs) Including Tata Sons
Infrastructure Finance Company -
a) REC Limited
b) Power Finance Corporation Limited
c) Indian Railway Finance Corporation Limited
d) Housing And Urban Development Corporation Limited
DEPOSIT TAKING NBFC - ICC
a) Bajaj Finance Limited
b) Shri Ram Finance Limited
c) Mahindra & Mahindra Financial Service Limited
DEPOSIT TAKING HFC -
a) LIC Housing Finance Limited
NON - DEPOSIT TAKING NBFC -ICC
a) Cholamandalam Investment & Finance Company LIMITED
b) Tata Capital Limited
C) Muthoot Finance Limited
D) Aditya Birla Capital Limited
e) L & T Finance Limited
f) HDB Financial Service Limited
G) Piramal Finance Limited
CORE INVESTMENT COMPANY -
a) Tata Sons Private Limited
b)
NON DEPOSIT TAKING HFC -
a) Bajaj Housing Finance Limited
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REPORTS -
* Andhra Pradesh Leads With in States (17 Lakh Crores PPP Pipeline Unveiled); By Finance MINISTRY
* India's Research And Development Spending
* NITI AYOG LAUNCHED The Report Key Sector To Position India As A Global Manufacturing Hub
* India's R & D Expenditure Has Crossed Rs 2.44 Lakh Crores Gross Expenditure On R & D ( GERD) Increase From Rs 79,356 Crores (2013/14) To Rs 2,44,768 Crores (2023/24)
* NITI AYOG Released The Report - Reimagining Care: Strategies For Empowering Care Givers In Viksit Bharat @2047
* Government E Marketplace Completed 10 Years (0n 10th August)
* Bank Of America Enters Into a Joint Venture Agreement With Jio Financial Services LIMITED To Acquire Up To 49.9% In Jio Credit Limited
* India's Pharmaceutical Exports Rises 6.8% In Quarter 1 For Fy 27
* Government Has Launched The Central Bank Digital Currency ( CBDC) - Digital Rupee For Direct Benefit Transfer ( DBT) Under The Pradhan Mantri Garib Kalyan Anna Yojana ( in Chandigarh.
* Jio Black Rock Asset Management To Launch Regular Mutual Fund
* The Qatar - India Remittance Service Based On Post Transfer Power By UPI Is Now Available
* Pradhan Mantri Jan Dhan Yojana Completed 12 Years
* Union Finance Minister Nirmala Sitharaman Has Visited To Canada
* Both Countries Committed To Conclude The Negotiation On The India - Canada Comprehensive Economic Partnership Agreement By The End Of 2026
PORTAL -
* Union Home Minister Amit Shah Has Launched The Bank In A Box Security Operation For Urban Cooperative Banks. ( Core Banking, DIGITAL Banking)
* Social Justice Minister Dr Virendra Kumar Launched The SNEHA E-Book On Senior Citizen Welfare And Active Ageing
FAST - DS RULES 2026
* CENTRAL BOARD OF DIRECT TAXES ( CBDT) HAS NOTIFIED THE FOREIGN ASSETS OF SMALL TAXPAYERS - DISCLOSURE SCHEME ( FAST -DS) RULES 2026 .
* IT IS THE ONE TIME VOLUNTARY DISCLOSURE SCHEME ( CHAPTER IV - Section 130-144) Of The Finance Act 2026.
* It Enables Eligible Taxpayers To Declare Certain Undisclosed Foreign Assets, Undisclosed Foreign Income, Undeclared Foreign Assets, On Payment Of a Specified Tax Or Fee.
* This Scheme Is Comes Into Force On 16th August 2026
* Last Date For Filling Before 31st December 2026
* WHO ELIGIBLE FOR -
a) Who Is Resident In India ( Under Section 6, Income Tax Act 1961)
b) Non Resident Of India Or Resident But Not Ordinarily Resident ( RNOR) ( Section 6(6) The Income Tax Act 1961)
( NB - The Previous Year To Which The Undisclosed Foreign Income Under Section 4 Of The Black Money Act 2015 )
* A Declaration May Made Where The Assesse -
a) Has Failed To Furnish a Return Under Section 139 Of the Income Tax 1961
b) has Failed To Disclose The Asset Or Income in A Return Furnish Before The Scheme Commenced
C) Such Asset Or Income Has Escaped Assessment Within The Meaning Of Section 147 Of The Income Tax 1961 Act
* There Are Two Broad Categories Of Declaration -
a) An Undisclosed Asset Located Outside India Or Undisclosed Foreign Income Which Was Not Offered To Tax ( Section 133)
b) An asset Located Outside India Which Was Already Offered To Tax Was Acquired When The Assesse Was Non Resident, But Not Declared To Relevant Schedule Of The Return ( Section 133 ( Table - Sl 2)
SANDHYA KIRAN SCHEME -
* * KARNATAKA CABINET HAS APPROVED THE SANDHYA KIRAN SCHEME IN 2026 STATE BUDGET.
* THE SANDHYA KIRAN SCHEME IS A CASHLESS HEALTHCARE INITIATIVE.
* IT PROVIDES RETIRED STATE GOVERMENT EMPLOYEE ( UNDER 70 YEARS)
* FAMILY PENSIONERS AND ELIGIBLE DEPENDENTS UPTO RS 5 LAKH ANNUALLY IN MEDICAL COVER FOR SECONDARY, TERTIORY, AND EMERGENCY CARE.
FEATURES OF SCHEME-
* Coverage Upto Rs 5,00, 000 Per Year On a Family Floater Basis.
* Cashless Treatment Available Under Ayushman Bharat Scheme
* Services pensioners Contribute 1.25% Of Their Basic Pension.
* Family Pensioners Contribute 0.75% Of Their Basic Family Pension
* UPI Completed 10 Years
* Annual Transaction Volume Expands From 1.78 Crores Transaction In FY 2016/17 TO 24,162 Crores Transaction In FY 2025/26
* UPI Is Presently Operationalize In 11 Countries
APPOINTMENTS -
* LIC Appoints Vardarajan Muthuvenkataraman As Executive Director ( Entreprise Risk Management) And Chief Risk OFFICER
* Willie Walsh Takes Charge As Indigo CEO
* JSW Motors Limited Has Appointed Former Journalist Pankaj Doval As Senior Vice President ( Corporate Affairs & Public POLICY)
* N Chandrasekharan Resigned As The Tata Sons Chairman
* TVS Names Peyman Kargar As CEO
* Ramesh Rangarajan ELECTED As The Chairman Of Kasturi & Sons.
* Hero Motocorp APPOINTS Srihari Mulgund As Chief Strategy OFFICER
.* Shri Somnath Sreedhar Panicker Appointed As Part Time Non Official Director On The Central Board Of RBI.
* Government Re Appoints Anand Mahindra As Part Time Director Of RBI CENTRAL Board.
* FORMER ISRO Chief S Somnath Appointed As The RBI Central Board
* Meta South East Asia Head Sandhya Devanathan Steps Down After 10 Years.
PORTAL LAUNCHED -
* IREDA Launched The PROFIN, A Digital Portal For Project Monitoring
* INDIAN Renewable Energy Development Agency Limited ( IREDA) Has Inaugurated The Go Live Portal PROFIN - Project Financing, Integrated Monitoring PORTAL
Feature -
* Online Scheduling And Submission Of LIE/ LFA Reports
* Standardised Digital Reporting & Documentation
* Automated Review And Approval Workflow
* Real Time Status Tracking And Visibility
* Automated Alert And Action Based Follow Up
* Centralised Project Monitoring Information
* Reserve Bank of India ( RBI) to Close FCNR
* Competition Commission in India ( CCI) Has Approved Acquisition Of Certain Equity Shareholding In Bharti Life Insurance Company Limited By Prudential Corporation Holding Limited.
* Razor pay Launched The VULCAN -
* Foundation Model For Payment
* Amol Taori Appointed As The Director Finance At POWERGRID
* POWERGRID Received The PMISE Award For Innovation And Internship
* SEBI Passes The Interim Order Of CAS Manipulation Case
* ) MeiTY Has Partners With Phonepe To Strengthen The PM Gatishakti With Granular Data Intelligence
* Cochin Shipyard Limited ( CSL) Has Honoured With The IMC Golden Shield Excellence Award 2026 For The Best Ship Repair Yard In India
* UPI in 11 Countries
* India's Foreign Reserve Exchange Surged By 12.4 Billion US Dollar in August 2026
* Aditya Birla Insurance Tie Up With ICAI To Offer Coverage To 17 Lakh Students
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