The most important current affairs of 07 August 2026, curated for Banking, SSC & RBI Grade B exams.
1. CPI(M) opposes linking women’s quota with delimitation: Key points for Banking exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
CPI(M) opposes Centre’s move to link women’s reservation with delimitation, citing lack of consensus and inadequate consultations. Exam-relevant insights for
2. National Beekeeping & Honey Mission (NBHM): Objectives & Impact for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Government’s National Beekeeping & Honey Mission (NBHM) boosts honey production, scientific beekeeping, and rural livelihoods. Learn key features for Bank PO,
3. MSME Amendment Bill 2026 Passed in Lok Sabha: Key Updates for Bank Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity
Lok Sabha passed MSME Development (Amendment) Bill 2026 without debate. Know key provisions, parliamentary session updates for Banking, SSC & RBI Grade B exam
4. PM Awas Yojana-Grameen Progress 2026: 3.12 Crore Houses Completed Under PMAY-G
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Pradhan Mantri Awaas Yojana-Gramin (PMAY-G), a flagship rural housing scheme under the Ministry of Rural Development, has achieved significant progress with 32.47 lakh houses sanctioned and 26.57 lakh houses completed in FY 2025-26, bringing the total sanctioned houses to 3.91 crore and completed houses to 3.12 crore against a target of 4.18 crore by August 3, 2026. The remaining 79 lakh sanctioned houses are under construction, reflecting robust implementation through beneficiary-led construction, local materials, and climate-responsive designs. The scheme ensures convergence with other initiatives like Jal Jeevan Mission for piped water and PM Ujjwala Yojana for LPG connections, while reserving 5% of targets for disaster-affected families and 60% for SC/ST households, demonstrating inclusivity and resilience-building in rural housing.
For banking and SSC aspirants, PMAY-G’s progress highlights government expenditure tracking, fund allocation mechanisms, and inter-ministerial convergence—key themes in financial governance and welfare schemes. RBI Grade B candidates should note the scheme’s budgetary allocations (₹528.04 crore for special projects, ₹17,281.58 crore in aspirational districts) and its role in rural infrastructure development, which impacts credit flow, employment, and economic stability. The scheme’s emphasis on training rural masons (RMT program) and digital monitoring through dashboards also underscores technological integration in governance, a critical area for exam preparation.
Source: PIB (Press Information Bureau)
5. Kerala’s Rising POCSO Cases: Key Trends for Banking & SSC Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
Kerala reports 4,765 POCSO cases in 2025, up from 4,607 in 2024. Highest in Thiruvananthapuram. Exam insights on child protection laws, gender trends, and leg
6. Punjab Tops NITI Aayog Education Index 2026, Overtakes Kerala
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
Punjab ranks #1 in NITI Aayog School Education Quality Index 2026, surpassing Kerala. ₹3638 cr spent on school infrastructure upgradation, AI introduced from
7. Rajya Sabha Chairman Urges Centre to Allow Amit Shah’s Presence in House
Relevance for Banking, SSC & RBI Grade B exams: Polity
Rajya Sabha Chairman C P Radhakrishnan requests Centre to consider Opposition’s demand for Home Minister Amit Shah’s presence to address July 20 security forc
8. Kisan Janata Opposes Move to Shift Pensions from Cooperative Banks to Commercial Banks
Relevance for Banking, SSC & RBI Grade B exams: Economy
Kisan Janata protests Kerala govt’s decision to replace cooperative banks with Aadhaar-linked commercial banks for welfare pension disbursement, citing hardsh
9. SEBI Simplifies Market Intermediary Inspections: Key Changes for Banking & SSC Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
SEBI has streamlined inspection norms for market intermediaries to enhance efficiency. Know key changes, benefits, and exam-relevant insights for Banking/SSC/
10. Nomura Report: AI Drives 83K New Jobs in India, Outpacing Cuts by 2.6x
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
A recent report by Nomura Holdings Inc. highlights that India has added 83,100 AI-related jobs, significantly outpacing the 31,921 positions lost due to layoffs and attrition between 2022 and August 2026. The study, which examined 69 AI-related developments across Asia, found that AI-driven recruitment in India has created a two-tier job market—reducing demand for entry-level roles while boosting demand for experienced professionals with business acumen. For banking and financial services aspirants, this trend underscores the growing importance of upskilling in AI and data analytics, as institutions increasingly seek talent capable of leveraging AI for efficiency and innovation. The report also notes that while financial services accounted for 60% of job losses, technology sectors dominated AI-related hiring, making it crucial for SSC and RBI Grade B candidates to focus on tech-driven roles in their preparation.
The findings challenge the narrative of AI-induced mass unemployment, revealing that in India, AI adoption is initially creating more jobs than it eliminates. This aligns with Nandan Nilekani’s observation that India’s strength lies in applying AI at scale rather than competing in foundational technologies like semiconductors or LLMs. For banking and SSC exam aspirants, this highlights the need to understand AI’s role in digital public infrastructure (DPI) and financial inclusion, as well as the shift toward small businesses driving future job creation. The report also serves as a reminder that while AI may displace routine roles, it opens avenues in high-skill domains, making adaptability and continuous learning essential for career growth in the evolving job market.
Source: Times of India
11. Lok Sabha Passes Tax Amendment Bill: Key Changes for UPI Transactions & Offshore Funds
Relevance for Banking, SSC & RBI Grade B exams: Polity
Lok Sabha passes Taxation and Other Laws Amendment Bill to allow MDR charges on UPI transactions, modify offshore fund norms, and unlink Payment Act from Inco
12. Lok Sabha Passes Taxation and Other Laws (Amendment) Bill 2026: Key Amendments Explained for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity
The Lok Sabha passed the *Taxation and Other Laws (Amendment) Bill, 2026* on August 6, 2026, without debate, marking a significant legislative development during the ongoing Parliament Monsoon Session. The Bill proposes amendments to key financial laws, including the *Payment and Settlement Systems Act, 2007*, the *Income-tax Act, 2025*, and the *Finance Act, 2026*, which are crucial for banking and financial operations in India. For banking aspirants preparing for exams like IBPS, SBI, and RBI Grade B, understanding such amendments is vital as they directly impact tax compliance, digital payment regulations, and financial governance frameworks. The Bill’s passage underscores the government’s focus on updating fiscal laws to align with evolving economic needs, a topic often tested in competitive exams to assess candidates’ awareness of current legislative changes affecting the financial sector.
The session also saw the Rajya Sabha returning the *Appropriation (No. 3) Bill, 2026* to the Lok Sabha after approval, authorizing further financial outlays for the fiscal year 2025-26. This procedural step highlights the legislative process of fund allocation, a key concept for SSC and banking exam aspirants, particularly in subjects like Polity and Economics. Additionally, discussions on issues like the Indo-Bangladesh Farakka Treaty and the protection of small grocery owners reflect broader socio-economic concerns that may appear in exam questions, testing candidates’ ability to connect parliamentary proceedings with real-world implications. Such updates are essential for aspirants to stay informed about the interplay between governance, finance, and public policy.
Source: The Hindu
13. RBI Proposes New Leverage Ratio Norms for Banks: Key Changes for 2026
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI invites feedback on draft norms to amend leverage ratio framework for commercial banks, aligning with Basel 2017 standards. Deadline: August 28, 2026.
14. Cabinet to Discuss OBC Commission Report, UCC & Local Body Elections 2026
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
Cabinet meeting on Aug 7, 2026 to discuss OBC Commission report, Uniform Civil Code (UCC), and local body election reforms for governance & economy.
15. Telangana CM Pushes AI to Boost GST Revenue & Ease Taxation
Relevance for Banking, SSC & RBI Grade B exams: Economy
Telangana CM Revanth Reddy plans AI-driven GST reforms with economist Arvind Subramanian to curb leakages, boost revenue, and simplify tax compliance for busi
16. Lok Sabha Passes MSME Development (Amendment) Bill 2026: Key Updates for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity
Lok Sabha passes Micro, Small and Medium Enterprises Development (Amendment) Bill 2026 replacing the 2006 Act. Key highlights for Banking, SSC & RBI Grade B a
17. Akal Takht Panel Rejects Talks on Anti-Sacrilege Bill Without Compliance Report
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
Akal Takht panel insists on a compliance report before engaging in talks on the anti-sacrilege bill. Key for banking exam aspirants tracking governance and le
18. Tamil Nadu Introduces Cess on Liquor Sales for Environmental & Social Welfare
Relevance for Banking, SSC & RBI Grade B exams: Polity
Tamil Nadu government introduces Bill to levy Environmental & Social Welfare Cess on liquor sales to fund recycling, de-addiction programs, and ecological res
19. Rajya Sabha Passes Appropriation Bill 2026; Lok Sabha Approves Taxation Amendments
Relevance for Banking, SSC & RBI Grade B exams: Polity
Rajya Sabha approves Appropriation (No.3) Bill 2026; Lok Sabha passes Taxation and Other Laws (Amendment) Bill 2026 without debate. Key updates for Banking, S
20. Mission Poshan 2.0: Govt’s Latest Strategy to Combat Malnutrition in India
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Mission Poshan 2.0, launched by MWCD, integrates past nutrition programs to combat malnutrition holistically. Learn key features, digital tools like Poshan Tr
21. LS Clears Taxation Amendment Bill to Boost India’s Data Centre Sector
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Lok Sabha clears taxation amendment bill to provide policy boost to India’s data centre sector, enhancing digital infrastructure and attracting investments fo
22. RBI to Auction ₹15,300 Crore State Govt Securities on Aug 11, 2026
Relevance for Banking, SSC & RBI Grade B exams: Economy
The Reserve Bank of India (RBI) has announced the auction of State Government Securities (SGS) worth ₹15,300 crore on August 11, 2026, through the E-Kuber system, with states like Andhra Pradesh, Gujarat, Maharashtra, Meghalaya, Punjab, and Rajasthan participating. The auction includes both new issuances and re-issues of existing securities with tenors ranging from 7 to 28 years and coupon rates between 7.38% and 7.79%. Competitive bids will be accepted between 10:30 AM and 11:30 AM, while non-competitive bids can be placed until 11:00 AM. Successful bidders must make payments by August 12, with interest payments structured semi-annually for new stocks and as per original terms for re-issued ones. This auction is significant for banking aspirants as it highlights the role of RBI in managing public debt, liquidity operations, and monetary policy tools, which are frequently tested in exams like RBI Grade B and SBI PO.
For SSC and banking exams, understanding the auction mechanism, including competitive and non-competitive bidding, yield determination, and eligibility criteria, is crucial. The auction also underscores the importance of State Government Securities in meeting SLR requirements for banks, as per the Banking Regulation Act, 1949, making it a key topic for financial awareness sections. The RBI’s communication on auction timings, bid limits, and payment procedures further reflects its regulatory oversight, a concept often evaluated in competitive exams. Aspirants should note the distinction between new and re-issued securities, as well as the regulatory framework governing these instruments, to address questions on government borrowing and debt markets effectively.
Source: RBI
23. Lok Sabha Passes Bill to Allow UPI Charges: Key Updates for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity
Lok Sabha passes Bill to amend UPI charge rules; FM clarifies charges on merchants, not users. Know key provisions for RBI Grade B, SBI PO exams.
24. IIITDM Kurnool tops India’s 5G Use Case Labs Ranking by DoT
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
The Indian Institute of Information Technology, Design and Manufacturing (IIITDM) Kurnool has been ranked first in India’s “100 5G Use Case Labs” by the Department of Telecommunications (DoT), highlighting its leadership in developing cutting-edge 5G applications. The institute’s success stems from its interdisciplinary research efforts, involving faculty and students from electronics, computer science, mechanical engineering, and sciences, who developed 18 innovative products in areas like smart agriculture, healthcare, and drone technology. This achievement underscores the growing importance of 5G technology in driving economic growth and digital transformation, which is highly relevant for aspirants preparing for exams like Bank PO, IBPS, SBI, RBI Grade B, and SSC, as it reflects the government’s push for technological self-reliance and innovation-driven policies.
For banking and SSC aspirants, this development is significant as it aligns with the broader economic agenda of promoting digital infrastructure and innovation, which are key themes in exams covering governance and economy. The recognition of IIITDM Kurnool’s work also highlights the role of research institutions in fostering skill development and entrepreneurship, topics often tested in SSC and RBI Grade B examinations. Additionally, the emphasis on interdisciplinary collaboration and government initiatives like the Bharat 6G Alliance reflects the evolving landscape of technology-driven governance, making it a crucial area for aspirants to monitor for current-affairs preparation.
Source: The Hindu
25. DMK’s Stand on 2026 Delimitation Bill: Key Implications for Banking & SSC Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
DMK delays stance on 2026 Delimitation Bill until Parliament tables it. Know how this impacts South Indian states and key exam-relevant polity concepts for Ba
26. PLI Scheme for Bulk Drugs: Boosting India’s Pharma Self-Reliance in 2026
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Government approves 48 PLI projects for bulk drugs with ₹6,940 crore investment. Know key achievements, state-wise investments, and API production status for
27. PLI Scheme for Pharma Sector: Key Updates for Banking & SSC Exams 2026
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Government’s PLI scheme for pharma sector: ₹6,659 cr released under ₹15,000 cr outlay. Know key facts for Banking, SSC & RBI Grade B exams. Read latest PIB up
28. Kashmiri Pandits Rehabilitation Bill 2025: Key Provisions for UPSC, SSC & RBI Grade B
Relevance for Banking, SSC & RBI Grade B exams: Polity
Lok Sabha to introduce Kashmiri Pandits Rehabilitation Bill 2025 on Day 14 of Monsoon Session. Know key provisions, UPSC/SSC/RBI Grade B exam relevance, and p
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