Former RBI Governor C. Rangarajan and D.K. Srivastava assessed the Centre’s FY 2026–27 fiscal outlook, noting that strong non-tax revenues and capital spending could keep the fiscal deficit near the 4.6% target, despite tax, subsidy and geopolitical pressures.
The Andhra Pradesh government’s policy framework recommending a Deemed Distribution Licence (DDL) for hyperscale AI data centres—including the Google-Adani AI data centre project in Visakhapatnam—has faced severe legal and civil pushback.
Subject: CME
The Indian Space Research Organisation (ISRO) is preparing to launch the GISAT-1A (EOS-05) Earth observation satellite aboard the GSLV-F17 rocket in September 2026.
The Ministry of Environment, Forest and Climate Change (MoEFCC) released a Regional Action Plan for Comprehensive Understanding and Management of Human-Elephant Conflict during the 23rd Steering Committee Meeting of Project Elephant.
Download the INSIGHTS July 2026 Current Affairs Compilation PDF for UPSC IAS 2027 preparation. Covers GS 1, GS 2, GS 3, GS 4, Prelims in Focus, Economy, Polity, Environment, Science & Technology, International Relations, Mapping and Government Schemes.
INSAT-3DR is an Indian meteorological satellite launched on 8 September 2016 aboard GSLV-F05. It operates in geostationary orbit and provides real-time data for weather forecasting, cyclone tracking, disaster management, and search and rescue services over India and adjoining regions.
The European Commission fined Google €890 million on 23 July 2026 for breaches of European Union online competition rules. The penalty was imposed under the European Union’s 2022 Digital Markets Act, which regulates large digital platforms designated as gatekeepers.
China suspended Japan-bound exports of several critical minerals, including rare earths and rare metals, from January 2026. The restrictions covered materials used in defence, automotive, electronics, and aerospace supply chains, and they followed diplomatic tensions linked to remarks by Japanese Prime Minister Sanae Takaichi in November 2025 on a possible Taiwan contingency.
The Reserve Bank of India has introduced a prudential framework for Specified Non-Financial Assets (SNFAs) through amendments to the Resolution of Stressed Assets Directions, 2025. The framework applies to Regional Rural Banks, All India Financial Institutions, commercial banks, small finance banks, and non-banking financial companies, and it comes into force on 1 October 2026.
Read UPSC Prelims 2026 analysis with GS Paper 1 difficulty, CSAT impact, subject-wise trends, current affairs weightage and question paper PDF link.
Turn your UPSC IAS dreams into reality with Best UPSC IAS Coaching in Bangalore. Expert guidance, comprehensive UPSC IAS coaching, and proven success. Best UPSC IAS coaching in India
