Welcome to Plutus Academy’s Daily Current Affairs — 8 July 2026. Today’s update covers the most important national and international developments, banking and finance news, sports events, key appointments, resignations, and science breakthroughs, curated from credible newspapers, news agencies and government sources (PIB, RBI, IMF, World Bank, ADB, UNCTAD, Reuters, PTI) for Bank PO, SSC, RRB and UPSC aspirants.
🇮🇳 National News
India Hosts BRICS Meeting on Women-Led Development in Kochi
Under India’s 2026 BRICS Chairship, a BRICS working-group meeting on women-led development, leadership and financial inclusion is being held in Kochi, Kerala on 8–9 July 2026. The session brings together delegates from the expanded 11-member grouping to advance cooperation on gender-inclusive growth and the empowerment of women entrepreneurs.
Navy to Commission Stealth Frigate INS Mahendragiri at Visakhapatnam
The Indian Navy will commission INS Mahendragiri, the sixth and final Project 17A stealth frigate, at Visakhapatnam on 11 July 2026. Built by Mazagon Dock Shipbuilders Ltd (MDL) with over 75% indigenous content, the warship strengthens India’s blue-water capability and the Aatmanirbhar Bharat push in defence shipbuilding.
25 Tiger Reserves Identified for Priority Recovery
The Government of India has identified 25 Tiger Reserves for priority recovery through targeted, science-led interventions. Based on two reports released by Union Environment Minister Bhupendra Yadav, the plan aims to strengthen prey base, habitat and protection standards in under-performing reserves.
India Chairs 9th UNCTAD Session on Consumer Protection
India is chairing the Ninth Session of the Intergovernmental Group of Experts (IGE) on Consumer Protection Law and Policy, organised by UN Trade and Development (UNCTAD) from 6–8 July 2026, reinforcing India’s leadership on global consumer-welfare standards in the digital economy.
India Records 125 New GI Tags in FY 2025-26
India registered a total of 125 new Geographical Indication (GI) tags nationwide in the 2025-26 fiscal year, marking a sharp rise in the protection of indigenous products, crafts and agricultural specialities that boosts rural incomes and export potential.
🌍 International News
PM Modi Conferred Indonesia’s Highest Civilian Honour Bintang Adipurna
Prime Minister Narendra Modi was conferred Bintang Adipurna, Indonesia’s highest civilian honour, on 7 July 2026 at Istana Merdeka, the Presidential Palace in Jakarta, in recognition of his contribution to strengthening the India–Indonesia Comprehensive Strategic Partnership.
IIM Bangalore to Set Up First Overseas Campus in Indonesia
Indian Institute of Management (IIM) Bangalore will establish its first overseas campus at the Singhasari Special Economic Zone in Malang, East Java, Indonesia — a milestone in the internationalisation of Indian higher education under the National Education Policy.
India Hosts BRICS Heads of Anti-Drug Agencies Meeting in Guwahati
India hosted the BRICS Heads of Anti-Drug Agencies Meeting in Guwahati, Assam on 6–7 July 2026, bringing together senior officials of the 11-member BRICS bloc to deepen cooperation against narcotics trafficking and organised crime.
🏦 News Related to Indian Banking and Finance
RBI Integrated Ombudsman Scheme (RB-IOS) 2026 Comes into Effect
The Reserve Bank of India (RBI) implemented the Integrated Ombudsman Scheme (RB-IOS), 2026 with effect from 1 July 2026, replacing the 2021 scheme and further streamlining customer grievance redressal across banks, NBFCs and payment system operators under a One Nation One Ombudsman approach.
Bank Credit Grows at Fastest Pace in Nearly Two Years
Bank credit expanded at its fastest pace in almost two years, rising 17.65% year-on-year as of 31 May 2026, while deposits grew 12.21% — widening the credit-deposit growth gap and signalling strong demand for loans.
RBI to Launch Next-Generation Core Banking System e-Kuber 3.0
The RBI has unveiled its agenda for FY 2026-27, including a review of the RBI Act and major technology upgrades such as the launch of its next-generation core banking system, e-Kuber 3.0.
RBI Releases Draft Governance Amendments for Commercial Banks
The RBI released draft Commercial Banks – Governance (Second Amendment) Directions, 2026, inviting comments from stakeholders and the public until 9 July 2026 to strengthen board oversight and governance standards.
💱 News Related to International Banking and Finance
IMF Releases July 2026 World Economic Outlook Update
The International Monetary Fund (IMF) released its July 2026 World Economic Outlook (WEO) Update on 8 July 2026, providing revised projections for global growth, inflation and trade amid ongoing geopolitical and energy-price pressures.
World Bank Projects Global Growth to Slow to 2.5% in 2026
The World Bank projected global growth to slow to 2.5% in 2026 before firming in 2027–28 as energy supplies recover and trade strengthens, warning that emerging-market and developing economies face the weakest per-capita income growth since the pandemic.
ADB Publishes Asian Development Outlook July Update
The Asian Development Bank (ADB) released the July update of its flagship Asian Development Outlook (ADO) 2026, presenting fresh economic forecasts for developing Asia and outlining crisis-response support for economies affected by the Middle East conflict.
🏆 International Sports Events
Wimbledon 2026: Djokovic, Sinner and Gauff Advance
At the 2026 Wimbledon Championships, Novak Djokovic beat Felix Auger-Aliassime in a five-set thriller to set up a semifinal against Jannik Sinner, while Coco Gauff defeated Jessica Pegula (4-6, 6-3, 6-3) and Taylor Fritz reached the quarterfinals — keeping the grass-court Grand Slam finely poised.
📌 Major National or International Appointments
Key Appointments
Alok Mittal (IPS) was appointed Director General, Bureau of Police Research and Development (BPR&D) up to June 2029. Sanjeev Jain, a 2008-batch IFS officer, was named India’s next Ambassador to North Korea (DPRK). Ravi Agrawal was reappointed Chairman of the Central Board of Direct Taxes (CBDT) with tenure extended to December 2026, and Ravi Shankar took charge as a new Executive Director of the RBI.
🚪 Resignation or Dismissal
Manoj Gaur Resigns from Jaiprakash Power Ventures Board
Manoj Gaur resigned as Non-Executive Director of Jaiprakash Power Ventures Ltd (JPVL), effective 6 July 2026. The exit followed Adani Power’s acquisition of a 24% stake in JPVL for about ₹2,994 crore, triggering a comprehensive reshuffle of the company’s board and leadership.
🔬 Major Inventions and Discoveries
ISRO Static-Tests Solid Motor for SOLVE Test Vehicle
ISRO completed a successful static ground test of the solid motor for SOLVE (Sub-Orbital Launch Vehicle for Experiments), a newly developed compact test vehicle designed to validate critical parachute deceleration systems for the Gaganyaan human spaceflight mission.
Mission Drishti – Multi-Sensor Earth Observation Satellite
India advanced Mission Drishti, described as the world’s first multi-sensor Earth Observation satellite, combining several imaging technologies on a single platform to deliver high-resolution, real-time geospatial intelligence for disaster management, agriculture, infrastructure and national security.
📝 Test Yourself — 5 MCQs (SSC / Bank PO Pattern)
Attempt the following questions and click Submit to see your score and explanations.
