RBI Assistant Current Affairs — Last 12 months
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Tue, 03 Feb 2026
Mon, 02 Feb 2026
Government notifies Baggage Rules, 2026, raising duty-free allowance to ₹75,000
The Central Government notified the Baggage Rules, 2026 on 2 February 2026, raising the general duty-free allowance for residents to ₹75,000 and adding a weight-based jewellery allowance.
Trump cuts US tariff on Indian goods to 18% after call with PM Modi
US President Donald Trump announced on 2 February 2026 that the US tariff on Indian goods would fall to 18% from 25%, and Prime Minister Narendra Modi thanked him in a phone call the same day.
Yantra India Limited granted Miniratna Category-I status
Defence Minister Rajnath Singh approved Miniratna Category-I status for the defence PSU Yantra India Limited (YIL) on 2 February 2026.
MoSPI seeks feedback on draft questionnaire for Rapid Survey on Functional Cooperatives
The Ministry of Statistics and Programme Implementation (MoSPI) on 2 February 2026 sought feedback on the draft questionnaire for its Rapid Survey on Functional Cooperatives (RSFC), proposed to start in April 2026.
Hari Shankar Verma takes charge as Member (Operations and Business Development), Railway Board
Hari Shankar Verma, a 1987-batch IRTS officer, took charge as Member (Operations and Business Development), Railway Board, on 2 February 2026.
SAIL and RITES sign MoU for diesel locomotive leasing and maintenance
Steel Authority of India Limited (SAIL) signed an MoU with RITES on 2 February 2026 for leasing and maintenance of diesel locomotives at its plants and mines.
Sun, 01 Feb 2026
Defence gets record ₹7.85 lakh crore in Budget 2026-27, 15.19% above last year's BE
The Ministry of Defence was allocated a record ₹7.85 lakh crore in the Union Budget 2026-27 on 1 February 2026, 15.19% higher than the 2025-26 Budget estimate.
Budget 2026-27: Income Tax Act 2025 from April 2026, TCS cut to 2%, IT safe harbour widened
The Union Budget 2026-27, presented on 1 February 2026, confirmed that the new Income Tax Act, 2025 takes effect from April 2026 and cut TCS on overseas tour packages and on LRS remittances for education and medical treatment to 2%.
Budget 2026-27 launches Biopharma SHAKTI, ISM 2.0, Rare Earth Corridors and container scheme
The Union Budget 2026-27, presented on 1 February 2026, announced Biopharma SHAKTI with ₹10,000 crore over five years, India Semiconductor Mission 2.0, dedicated Rare Earth Corridors in four states and a ₹10,000 crore container manufacturing scheme.
Government accepts 16th Finance Commission's recommendation to keep states' share at 41%
Presenting the Union Budget 2026-27 on 1 February 2026, Finance Minister Nirmala Sitharaman said the government had accepted the 16th Finance Commission's recommendation to retain the states' vertical share of devolution at 41%.
Budget 2026-27 raises public capex to ₹12.2 lakh crore, sets up Infrastructure Risk Guarantee Fund
The Union Budget 2026-27, presented on 1 February 2026, raised public capital expenditure to ₹12.2 lakh crore and announced an Infrastructure Risk Guarantee Fund and CPSE REITs.
Budget 2026-27: record ₹2.93 lakh crore rail capex, seven high-speed corridors, Dankuni–Surat freight corridor
The Union Budget 2026-27, presented on 1 February 2026, gave Indian Railways a record capital expenditure of ₹2,93,030 crore and announced seven high-speed rail corridors and a new Dankuni–Surat dedicated freight corridor.
Budget 2026-27 halves duty on personal imports to 10%, exempts 17 cancer drugs from customs duty
The Union Budget 2026-27, presented on 1 February 2026, proposed cutting the tariff on all dutiable goods imported for personal use from 20% to 10% and exempting 17 drugs, mainly for cancer, from basic customs duty.
Union Budget 2026-27 sets fiscal deficit at 4.3% of GDP; debt-to-GDP at 55.6%
Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament on 1 February 2026, estimating the fiscal deficit at 4.3% of GDP and total expenditure at ₹53.5 lakh crore.
Carlos Alcaraz beats Djokovic to win Australian Open 2026, becomes youngest man to complete career Grand Slam
Carlos Alcaraz beat Novak Djokovic 2-6, 6-2, 6-3, 7-5 in the Australian Open men's singles final in Melbourne on 1 February 2026, becoming the youngest man to complete a career Grand Slam.
Budget 2026-27 proposes Bharat-VISTAAR AI tool for farmers and a Coconut Promotion Scheme
The Union Budget 2026-27, presented on 1 February 2026, proposed Bharat-VISTAAR, a multilingual AI tool integrating AgriStack and ICAR advisories, and a Coconut Promotion Scheme.
Budget 2026-27: five Regional Medical Hubs, NIMHANS-2, a girls' hostel in every district
The Union Budget 2026-27, presented on 1 February 2026, announced five Regional Medical Hubs for medical tourism, NIMHANS-2 in north India, three new All India Institutes of Ayurveda and a girls' hostel in every district.
Budget 2026-27: 15 archaeological sites to become cultural destinations; Khelo India Mission launched
The Union Budget 2026-27, presented on 1 February 2026, announced that 15 archaeological sites including Lothal, Dholavira and Rakhigarhi will be developed as experiential cultural destinations, and launched a Khelo India Mission for the next decade.
Budget 2026-27 creates ₹10,000 crore SME Growth Fund, sets up High Level Committee on Banking
The Union Budget 2026-27, presented on 1 February 2026, announced a ₹10,000 crore SME Growth Fund to create 'Champion SMEs' and a High Level Committee on Banking for Viksit Bharat.
Sat, 31 Jan 2026
India hosts 2nd India-Arab Foreign Ministers' Meeting in New Delhi; Delhi Declaration adopted
On 31 January 2026 New Delhi hosted the 2nd India-Arab Foreign Ministers' Meeting, co-chaired by India and the UAE, ten years after the first meeting in Bahrain (2016).
Elena Rybakina beats Aryna Sabalenka to win Australian Open 2026 women's singles
On 31 January 2026 Kazakhstan's Elena Rybakina beat world No. 1 Aryna Sabalenka 6-4, 4-6, 6-4 in Melbourne to win her first Australian Open and second Grand Slam title.
Indian Institute of Foreign Trade ranked first in Times B-School Ranking 2026
The Indian Institute of Foreign Trade (IIFT), under the Commerce Ministry, was ranked first in the Times B-School Ranking 2026.
Fri, 30 Jan 2026
Railways commission record 472.3 km of Kavach 4.0 in a day; total reaches 1,306.3 route km
On 30 January 2026 Indian Railways commissioned 472.3 route km of Kavach 4.0 on three sections in a single day, the highest ever, taking Kavach 4.0 coverage to 1,306.3 route km across five zones.
Union accounts to December 2025: receipts at 72.2% and spending at 66.7% of Budget Estimates
The Centre's accounts up to December 2025 (FY 2025-26) show total receipts of ₹25,25,156 crore (72.2% of BE) and total expenditure of ₹33,80,998 crore (66.7% of BE).
Republic Day Parade 2026 awards: Maharashtra best state tableau, Indian Navy best Services contingent
On 30 January 2026 MoS Defence Sanjay Seth gave the Republic Day Parade 2026 awards: Maharashtra's Ganeshotsav tableau came first among states, Indian Navy and Delhi Police won best marching contingents.
Thu, 29 Jan 2026
Economic Survey 2025-26: GDP growth for FY26 estimated at 7.4%; FY27 projected at 6.8–7.2%
The Economic Survey 2025-26, tabled by Finance Minister Nirmala Sitharaman on 29 January 2026, estimates real GDP growth of 7.4% in FY26 and projects 6.8–7.2% for FY27, with potential growth around 7%.
MoSPI releases Expert Group report on new CPI 2024 series; 358 items, COICOP 2018, release on 12 February 2026
On 29 January 2026 MoSPI released the Expert Group report on the new Consumer Price Index series (CPI 2024), which uses the COICOP 2018 classification, weights from HCES 2023-24 and a basket of 358 items; the series was to be released on 12 February 2026.
Economic Survey 2025-26: India's Global Innovation Index rank improves to 38th in 2025 from 66th in 2019
The Economic Survey 2025-26 notes India's Global Innovation Index rank rose from 66th (2019) to 38th (2025), PLI schemes drew over ₹2 lakh crore of investment, and 10 semiconductor projects worth ₹1.60 lakh crore were approved in 6 states.
Government notifies coking coal as a Critical and Strategic Mineral under the MMDR Act, 1957
On 29 January 2026 the Centre notified coking coal as a Critical and Strategic Mineral by adding it to Part D of the First Schedule of the MMDR Act, 1957, to cut import dependence of the steel sector.