The most important current affairs of 08 August 2026, curated for Banking, SSC & RBI Grade B exams.
1. Defence Ministry Joins 6th-Gen Fighter Programme: Key for IAF Modernisation
Relevance for Banking, SSC & RBI Grade B exams: Security
Defence Ministry initiates efforts to join France-led 6th-generation fighter aircraft programme (FCAS) for IAF modernization. Parliamentary panel highlights r
2. Forensic Report Exposes Biren Singh Tapes Manipulation: Centre to SC
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
Centre tells Supreme Court forensic report confirms Biren Singh tapes were manipulated, raising governance concerns for banking & SSC exams.
3. Tamil Nadu Assembly Unanimously Passes Mekedatu Dam Resolution Seeking Centre’s Intervention
Relevance for Banking, SSC & RBI Grade B exams: Polity
Tamil Nadu Legislative Assembly unanimously passed amended Mekedatu Dam resolution seeking Centre to set up tribunal under ISRWD Act 1956. Madras HC issues no
4. Cochin Shipyard Launches 7th ASW Vessel for Indian Navy: Key Features & Significance
Relevance for Banking, SSC & RBI Grade B exams: Science & Technology
Cochin Shipyard launched *Machilipatnam*, the seventh anti-submarine warfare (ASW) shallow water craft for the Indian Navy on August 6, 2026, marking a significant milestone in indigenous shipbuilding. The vessel, part of an eight-ship series, is designed for coastal anti-submarine operations, mine-laying, and subsurface surveillance, enhancing the Navy’s operational capabilities in shallow waters. With a length of 78 metres, a speed of 25 knots, and an endurance of 1,800 nautical miles, the ship underscores India’s growing self-reliance in defense manufacturing, a key focus under the ‘Make in India’ initiative. The launch reflects the government’s push for modernizing naval assets, which could influence defense-related procurement and budgetary allocations in the Union Budget, a critical topic for banking and financial exams.
For SSC and RBI Grade B aspirants, this development highlights the intersection of science & technology with national security and economic policies. The indigenization of defense platforms reduces import dependence, potentially impacting India’s trade deficit and foreign exchange reserves—key areas in RBI Grade B’s economic and social issues syllabus. Additionally, such projects drive job creation and industrial growth, aligning with the government’s infrastructure and manufacturing sector priorities, often tested in SSC’s general awareness sections. The involvement of public sector undertakings like Cochin Shipyard also ties into broader themes of PSU reforms and government expenditure, relevant for banking exams focusing on economic policies and fiscal management.
Source: The Hindu
5. APSRTC Employees Demand Higher Pension from EPFO: Key Issues Explained for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
APSRTC employees urge EPFO to resolve pending pension issues, higher EPS benefits, and rejected applications. Know key facts for Banking/SSC/RBI Grade B exams
6. CWC Rejects Karnataka’s Mekedatu DPR Over Excess Water Use: Key Facts for Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
The Central Water Commission (CWC) has directed Karnataka to revise its Detailed Project Report (DPR) for the Mekedatu Balancing Reservoir-cum-Drinking Water Project, citing that the proposed consumptive water use exceeds the allocation permitted under the Cauvery Water Disputes Tribunal (CWDT) Award and Supreme Court orders. The CWC highlighted that while Karnataka’s revised DPR seeks an additional 6.95 tmcft of water for Bengaluru’s drinking needs, the Supreme Court had already allocated only 6.5 tmcft for urban and rural consumption, leaving little room for further diversion. The CWC also raised concerns over the reservoir’s live storage capacity of 59.46 tmcft, questioning its justification. This development is significant for banking and SSC aspirants as it underscores the interplay between interstate water disputes, infrastructure projects, and regulatory oversight, which often feature in governance and economy sections of competitive exams.
For RBI Grade B and other competitive exams, the Mekedatu project exemplifies the challenges of balancing regional development with legal and environmental constraints, a recurring theme in governance questions. The CWC’s intervention reflects the broader principle of federalism and the role of constitutional bodies in mediating disputes, a topic frequently tested in exams like the SSC CGL. Additionally, the project’s financial and logistical implications—such as funding mechanisms for large-scale infrastructure and the economic impact of water allocation—make it relevant for banking aspirants preparing for sections on public finance and policy. The Supreme Court’s stance on the project, dismissing Tamil Nadu’s objections as premature, further highlights the judiciary’s role in resolving interstate conflicts, a key area in both RBI Grade B and SSC examinations.
Source: The Hindu
7. New Motor Vehicle Aggregator Policy 2026: Safety & Transparency for Transport Sector
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
India’s new Motor Vehicle Aggregator Policy 2026 aims to enhance passenger safety, driver welfare, fare transparency, and digital monitoring for app-based tra
8. Tamil Nadu Assembly Demands Fair Share in Central Tax Devolution: Key Details for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
Tamil Nadu Assembly unanimously adopts resolution urging Centre for fair tax devolution based on fiscal federalism principles. Exam-relevant insights for Bank
9. CBI Files Chargesheet in Kerala LIFE Mission Scam: Key Accused Named
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The recent CBI chargesheet in the Kerala’s Wadakkanchery LIFE Mission case, naming six accused including Swapna Suresh and former UAE Consulate employees, highlights systemic corruption risks in government-funded projects. For banking and SSC aspirants, this underscores the importance of vigilance against financial irregularities in public procurement, a key area in exams like RBI Grade B and IBPS PO, where questions on governance and accountability frameworks are common. The case also reflects how corruption scandals can disrupt socio-economic initiatives, such as housing for flood victims, making it relevant for understanding the interplay between polity, governance, and developmental outcomes—a frequent theme in competitive exams.
The alleged siphoning of ₹4.5 crore in commissions and inflated project costs of ₹5 crore demonstrates the need for robust financial auditing and compliance mechanisms, which are critical for aspirants preparing for exams like SBI PO and RBI Grade B. The case’s political fallout, involving a former Principal Secretary, further ties into exam syllabi on governance failures and the role of investigative agencies like the CBI, making it a pertinent example for current-affairs preparation.
Source: The Hindu
10. Andhra Pradesh Faces 52.4% Rainfall Deficit: Drought Alert for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
All districts in Andhra Pradesh have reported deficient rainfall, with the state facing a 52.4% deficit by the end of July, according to the Directorate of Economics and Statistics. The situation has worsened even in districts like NTR and SPSR Nellore, which initially had normal rainfall, as the deficit has now spread across the entire state. The India Meteorological Department (IMD) has forecasted minimal rainfall for Andhra Pradesh until August 3, raising concerns about drought conditions and their impact on agriculture, which is a key sector for the state’s economy. The deficit has been particularly severe in districts such as Prakasam, East Godavari, Visakhapatnam, Annamayya, and Chittoor, where large rainfall deficits have been recorded.
This deficient rainfall scenario is highly relevant for Banking, SSC, and RBI Grade B exam aspirants as it highlights the economic and governance challenges posed by natural calamities. For banking exams like IBPS PO and SBI Clerk, questions may arise on the impact of such deficits on agricultural loans, rural credit disbursement, and the Reserve Bank of India’s (RBI) monetary policies to support affected regions. For SSC exams, the focus could be on the government’s response, such as declaring drought-hit mandals and providing relief measures, while for RBI Grade B, it may involve understanding the broader economic implications, including inflation risks due to potential food shortages and supply chain disruptions.
Source: The Hindu
11. Bescom Launches PM-E DRIVE Portal for Private EV Charging Stations: Key Details for Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Bescom introduces PM-E DRIVE portal for private Charge Point Operators under ₹10,900 crore scheme. ₹2,000 crore allocated for EV charging stations till March
12. Rangarajan on Tariffs & Conflicts: Policy Reforms for India’s Future
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Former RBI Governor C. Rangarajan highlights tariff wars and global conflicts as key challenges for India’s economic policy reforms amid liberalisation challe
13. Startup India Seed Fund Scheme: A Game-Changer for Young Entrepreneurs in India
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
CII Chairman Krishna Mohan highlights how the Startup India Seed Fund Scheme empowers youth with collateral-free loans, fostering innovation and entrepreneurs
14. MP Questions AI Use in Minority Welfare Schemes: Key Concerns & Government Response
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Lok Sabha MP Yaduveer questions AI integration in Minority Affairs schemes, citing data privacy, discrimination risks, and seeks government safeguards under I
15. Kerala Shifts Welfare Pensions to DBT: Key Impact for Banking & SSC Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
Kerala to end cooperative bank pension delivery, switch to DBT via Aadhaar-linked accounts. Exceptions for bedridden. Exam relevance: DBT, cooperative banks,
16. Policy Support Crucial to Save India’s Traditional Occupations: Expert Insights
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
A two-day national seminar on ‘Traditional Occupation Communities in a Changing Economy’ at Andhra University highlighted the urgent need for policy interventions to protect India’s traditional livelihoods. Keynote speaker Benarji Chakka, Dean of VIT-AP School of Law, noted that nearly 30% of artisans have been forced out of their ancestral professions due to market shifts, while inadequate access to markets and exploitation by middlemen have eroded their earnings. The seminar, organised by the Centre for Study of Social Inclusion (CSSI), underscored how mechanisation and factory-made goods have intensified economic stress on these communities despite government welfare schemes. Experts emphasised that preserving traditional occupations is not just a cultural imperative but also vital for inclusive economic growth, as these sectors contribute significantly to India’s socio-economic fabric.
For aspirants preparing for Banking, SSC and RBI Grade B exams, this issue holds relevance in the context of inclusive development and governance. Traditional occupations, such as handloom weaving, pottery and metalwork, are often linked to rural and marginalised sections of society, making their preservation a key aspect of social inclusion policies. Questions in these exams may test understanding of constitutional safeguards, government schemes for artisans (like PM Vishwakarma), and the role of institutions in promoting dignified livelihoods. Additionally, the discussion on occupational freedom and market access ties into broader themes of economic reforms, welfare distribution and sustainable development—critical areas for both prelims and mains in these examinations.
Source: The Hindu
17. Bike Taxi Drivers Demand Policy Clarity: Karnataka Govt Urged to Halt Crackdown
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Karnataka bike taxi association seeks halt to govt crackdown, citing lack of legal compliance framework for 1 lakh drivers. High Court order triggers enforcem
18. NGT Slams Kerala LSGD Over Incomplete Fort Kochi Pollution Report
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
NGT criticizes Kerala LSGD for incomplete pollution report on Fort Kochi coastline. Tribunal demands detailed action plan for authorities to address waste acc
19. July 31 Deadline: Farmers Rush for Crop Insurance Under PMFBY & RWBCIS
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The July 31 deadline for enrolling in crop insurance schemes has triggered a last-minute rush among farmers in Andhra Pradesh’s Rayalaseema region, particularly in districts like Sri Sathya Sai, Chittoor, and Annamayya, which are heavily reliant on monsoon rains. With climate uncertainties exacerbated by El Niño, officials from the Agriculture and Horticulture departments are accelerating enrolment drives to cover as many farmers as possible under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather-Based Crop Insurance Scheme (RWBCIS). The urgency underscores the critical role of crop insurance in mitigating financial losses for small and marginal farmers, who form the backbone of the rural economy in these districts. For banking and SSC aspirants, this highlights the intersection of governance, climate resilience, and financial inclusion, as schemes like PMFBY are crucial for agricultural credit systems and rural development policies.
For RBI Grade B and banking exam candidates, the scenario exemplifies how government interventions in agriculture—such as crop insurance—impact credit risk assessment, loan disbursement strategies, and rural banking operations. The enrolment figures, which show over 78,000 farmers covered under RWBCIS in Sri Sathya Sai district alone, reflect the scale of such schemes and their role in stabilizing farm incomes. SSC aspirants preparing for polity and governance sections should note how state-led initiatives address climate vulnerabilities, a recurring theme in current affairs. The situation also ties into broader themes of sustainable agriculture and disaster risk management, which are often tested in competitive exams.
Source: The Hindu
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