SENAPREP

UPSC Current Affairs Digest

Live
Padma Bhushan Call Deepens India Election Commission Row - streamlinefeed.co.ke — Awards & Persons
Explore
Date Filter:
Showing: Economy / Banking & Financial System Reset
Daily Audio Digest
Click play to listen to today's top headlines
Card 1 of 12 Tap card to flip for SSB & exam notes
Defence Date
Question / Core Topic

Headline

Summary description...

Tap to see SSB & Revision takeaways SenaPrep Deck
High-Yield Exam & SSB Takeaways PIB Verified
Back Title
UPSC PRELIMS / WRITTEN FOCUS:
Key factual data, participating nations, ranges, and organizations.
SSB GD & LECTURETTE ANGLE:
Geopolitical impact, operational readiness, and strategic deterrence.
Tap to flip back SenaPrep Daily Flash
Economy Banking & Financial System
30 Sep, 2026

India’s services exports grew 13.7% in August; imports rose faster at 21.4%: RBI - ANI News

India’s services exports grew 13.7% in August; imports rose faster at 21.4%: RBI ANI News

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
According to the Reserve Bank of India (RBI) data for August, which component of India's external sector witnessed a faster growth rate in imports compared to its exports?
(A) Merchandise trade
(B) Services trade
(C) Foreign direct investment
(D) Remittances
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
According to RBI data, India's services exports grew by 13.7% in August, while services imports registered a faster growth rate at 21.4%.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
30 Sep, 2026

India’s external debt rises to USD 778.2 billion in June quarter: RBI - ANI News

India’s external debt rises to USD 778.2 billion in June quarter: RBI ANI News

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
According to the Reserve Bank of India (RBI) data for the June quarter, India's total external debt reached which of the following figures?
(A) USD 650.4 billion
(B) USD 715.8 billion
(C) USD 778.2 billion
(D) USD 825.5 billion
Correct Answer: (C) — NDA/CDS/AFCAT Exam Pointer:
According to data released by the Reserve Bank of India (RBI), India's external debt rose to USD 778.2 billion at the end of the June quarter.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
30 Sep, 2026

India RBI's FX forward book touches record $200 billion - tradingview.com

India RBI's FX forward book touches record $200 billion tradingview.com

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
Recently, which financial metric of the Reserve Bank of India (RBI) touched a record high of $200 billion, as per recent financial reports?
(A) Foreign exchange (FX) forward book
(B) Central bank digital currency (CBDC) circulation
(C) Gold reserve holdings
(D) Special Drawing Rights (SDR) allocation
Correct Answer: (A) — NDA/CDS/AFCAT Exam Pointer:
The Reserve Bank of India's foreign exchange (FX) forward book reached a record milestone of $200 billion, reflecting active management of domestic liquidity and foreign exchange markets.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
tradingview.com Original Source
Economy Banking & Financial System
30 Sep, 2026

State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale - Reuters

State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale Reuters

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
Which public sector bank recently acquired nearly 40% stake in Reliance's $1.35 billion debt sale?
(A) Punjab National Bank
(B) State Bank of India
(C) Bank of Baroda
(D) Canara Bank
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
State Bank of India (SBI) purchased nearly 40% of Reliance's $1.35 billion debt sale, marking a significant corporate debt acquisition by the country's largest public sector lender.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
30 Sep, 2026

One year on, India’s GST reform has delivered on its promise - CNBC TV18 - LinkedIn

One year on, India’s GST reform has delivered on its promise - CNBC TV18 LinkedIn

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
Which constitutional amendment act introduced the Goods and Services Tax (GST) in India?
(A) 101st Constitutional Amendment Act, 2016
(B) 103rd Constitutional Amendment Act, 2019
(C) 105th Constitutional Amendment Act, 2021
(D) 99th Constitutional Amendment Act, 2014
Correct Answer: (A) — NDA/CDS/AFCAT Exam Pointer:
The Goods and Services Tax (GST) was introduced in India via the 101st Constitutional Amendment Act, 2016, subsuming multiple indirect taxes into a unified tax regime.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
30 Sep, 2026

Traders withdraw October 2 ‘No UPI Day’ call after meeting Finance Minister Sitharaman - News On AIR

Traders withdraw October 2 ‘No UPI Day’ call after meeting Finance Minister Sitharaman News On AIR

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
Which digital payment system in India, operated by the National Payments Corporation of India (NPCI), was recently in the news regarding a withdrawn 'No UPI Day' call by traders following discussions with the Finance Minister?
(A) Immediate Payment Service (IMPS)
(B) Unified Payments Interface (UPI)
(C) Bharat Interface for Money (BHIM)
(D) National Electronic Funds Transfer (NEFT)
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
Traders withdrew their 'No UPI Day' call scheduled for October 2 after holding discussions with Union Finance Minister Nirmala Sitharaman. UPI stands for Unified Payments Interface, developed by the NPCI.
SSB Interview & Lecturette Framework:
Strategic Significance: Fiscal Security: Modern defence capital acquisitions depend on prudent budget allocation and sustainable debt-to-GDP ratios.
Group Discussion (GD) Angle: GD Topic: Key budget priorities: Balancing capital infrastructure spending with fiscal deficit reduction.
IO Cross-Question Tip: IO Question: 'What is the difference between Revenue Expenditure and Capital Expenditure in the Union Budget?'
News On AIR Original Source
Economy Banking & Financial System
30 Sep, 2026

Compliance to accountability: RBI’s data governance expectations - EY

Compliance to accountability: RBI’s data governance expectations EY

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
Recently, in the context of the banking and financial system, 'data governance expectations' from compliance to accountability have been a major focus area of which regulatory body in India?
(A) Securities and Exchange Board of India (SEBI)
(B) Reserve Bank of India (RBI)
(C) Insurance Regulatory and Development Authority of India (IRDAI)
(D) Pension Fund Regulatory and Development Authority (PFRDA)
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
The Reserve Bank of India (RBI) continuously sets regulatory frameworks emphasizing data governance, shifting the focus of financial institutions from mere compliance to strict operational accountability.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
30 Sep, 2026

Press Releases - rbi.org.in

High-yield factual update under Economy sector. Important takeaway for UPSC NDA, CDS General Awareness & SSB Interview: Focuses on 'Press Releases - rbi.org.in', detailing strategic milestones, policy actions, and key national/international developments.

Expected NDA/CDS/AFCAT MCQ:
With reference to the current national development in "Press Releases", which category does this update primarily impact?
(A) Local Municipal Tax Rate Assessment
(B) Strategic Policy, Public Governance & National Institutional Development
(C) Commercial Foreign Exchange Speculation
(D) Private Commercial Real Estate Valuation
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
NDA/CDS/AFCAT General Awareness: Candidates must track key national initiatives, responsible nodal ministries, institutional frameworks, and policy impacts for the General Knowledge paper.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
29 Sep, 2026

RBI amends FEMA Regulations on export proceeds and trade transactions - SCC Online

RBI amends FEMA Regulations on export proceeds and trade transactions SCC Online

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
Which regulatory body recently amended the Foreign Exchange Management Act (FEMA) Regulations concerning export proceeds and trade transactions?
(A) Securities and Exchange Board of India
(B) Reserve Bank of India
(C) Ministry of Finance
(D) Directorate General of Foreign Trade
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
The Reserve Bank of India (RBI) is the nodal regulatory body responsible for administering and amending the Foreign Exchange Management Act (FEMA) regulations in India.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
29 Sep, 2026

India's economy grows 7.8% in Q1 as exports strengthen: RBI - Fibre2Fashion

India's economy grows 7.8% in Q1 as exports strengthen: RBI Fibre2Fashion

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
According to the Reserve Bank of India (RBI) report, what was India's economic growth rate in the first quarter (Q1) driven by strengthened exports?
(A) 6.5%
(B) 7.2%
(C) 7.8%
(D) 8.1%
Correct Answer: (C) — NDA/CDS/AFCAT Exam Pointer:
India's economy registered a growth rate of 7.8% in Q1, primarily supported by strengthening exports as highlighted by the Reserve Bank of India.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Fibre2Fashion Original Source
Economy Banking & Financial System
28 Sep, 2026

Broadening inflation, robust growth, global hikes build case for India RBI tightening - tradingview.com

Broadening inflation, robust growth, global hikes build case for India RBI tightening tradingview.com

Expected NDA/CDS/AFCAT MCQ:
AI Exam Standard
In the context of the Indian economy and monetary policy, tightening measures by the Reserve Bank of India (RBI) are typically considered when which of the following macroeconomic indicators show sustained upward pressure?
(A) Inflation
(B) Fiscal deficit surplus
(C) Foreign exchange reserves depreciation
(D) Unemployment rate surge
Correct Answer: (A) — NDA/CDS/AFCAT Exam Pointer:
Monetary tightening by a central bank like the RBI is primarily deployed to curb broadening inflation and stabilize price levels in a growing economy. Raising key interest rates helps cool down aggregate demand.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
tradingview.com Original Source
Economy Banking & Financial System
25 Sep, 2026

'No such commitment': Finance ministry denies agreeing to 5-day bank week ahead of strike, says report - The Times of India

'No such commitment': Finance ministry denies agreeing to 5-day bank week ahead of strike, says report The Times of India

Expected NDA/CDS/AFCAT MCQ:
With reference to the current national development in "'No such commitment': Finance ministry denies agreeing...", which category does this update primarily impact?
(A) Local Municipal Tax Rate Assessment
(B) Strategic Policy, Public Governance & National Institutional Development
(C) Commercial Foreign Exchange Speculation
(D) Private Commercial Real Estate Valuation
Correct Answer: (B) — NDA/CDS/AFCAT Exam Pointer:
NDA/CDS/AFCAT General Awareness: Candidates must track key national initiatives, responsible nodal ministries, institutional frameworks, and policy impacts for the General Knowledge paper.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
The Times of India Original Source
UPSC NDA & CDS High-Yield Matrix

Major Joint Military Exercises of India

Exercise Name Participating Country / Group Defence Branch Type & Nature UPSC Exam Key Focus
MALABAR India, USA, Japan, Australia (QUAD) Navy Multilateral Naval High-intensity maritime interoperability, anti-submarine warfare (ASW) in Indo-Pacific.
YUDH ABHYAS India & United States Army Bilateral Wargame High-altitude counter-insurgency and cold-weather mountain warfare.
VAJRA PRAHAR India & United States Army (Special Forces) Bilateral Special Forces Urban counter-terrorism, hostage rescue, and airborne tactical raids.
SURYA KIRAN India & Nepal Army Bilateral Mountain Jungle warfare, counter-terrorism operations, and disaster relief drills.
GARUDA India & France Air Force Bilateral Air Combat Air defence simulation, aerial dogfights, Rafale & Sukhoi-30MKI interoperability.
VARUNA India & France Navy Bilateral Maritime Carrier strike group operations, cross-deck landings, tactical surface drills.
SHAKTI India & France Army Bilateral Army Semi-urban and mountainous counter-terror drills under UN Chapter VII mandate.
JIMEX India & Japan Navy Bilateral Maritime Complex maritime warfare, replenishment at sea, and Indo-Pacific security.
DHARMA GUARDIAN India & Japan Army Bilateral Army Tactical drills in built-up areas and anti-terrorist tactical interoperability.
SAMPRITI India & Bangladesh Army Bilateral Border Counter-insurgency and riverine terrain operational doctrine.
BONGOSAGAR India & Bangladesh Navy Bilateral Maritime Bay of Bengal joint maritime patrol (CORPAT) and anti-piracy operations.
MITRA SHAKTI India & Sri Lanka Army Bilateral Army Sub-conventional operations in semi-urban terrain under UN mandate.
SLINEX India & Sri Lanka Navy Bilateral Maritime Surface weapon firing, helicopter operations, and search & rescue (SAR).
NOMADIC ELEPHANT India & Mongolia Army Bilateral Army Mountain warfare, high-altitude survival, and counter-terror tactics.
DUSTLIK India & Uzbekistan Army Bilateral Central Asia Special operation tactics, unmanned aerial vehicle (UAV) reconnaissance.
KAZIND India & Kazakhstan Army (Joint) Bilateral Army/Air Counter-insurgency and counter-terrorist operations in sub-mountainous region.
TARANG SHAKTI India + 10+ Allied Air Forces Air Force Mega Multilateral Air India's largest multilateral air combat exercise demonstrating IAF global deterrence.
MILAN India + 50+ Global Navies Navy Flagship Multilateral Indian Navy's biennial congregation in Visakhapatnam for global maritime security.

Get Daily Live Current Affairs Alerts on Mobile

Download the SenaPrep Android app for daily revision quizzes, audio summaries, and instant notifications for UPSC NDA & CDS current affairs!

Download SenaPrep Mobile App