Current affairs — 18 August 2026

31 prelims-relevant stories, each distilled into quick facts — with a 31-question quiz at the end.

Environmentgreen-india-mission

Losing forest for trees: On the CAG’s audit of the Green India Mission

A CAG performance audit found the Green India Mission improved forest quality over only 0.11 million hectares against a 1.4-million-hectare target and achieved just 4% of its forest-cover expansion goal. The editorial warns that plantation counts and tree cover outside recorded forests cannot substitute for ecological restoration of diverse, functioning forests.

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Prelims pointers

  • The Green India Mission improved forest quality over 0.11 million hectares against a target of 1.4 million hectares.
  • The Mission achieved only 4% of its target for expanding forest cover, according to the CAG performance audit.
  • GIM is one of eight missions under the National Action Plan on Climate Change, which was unveiled in 2008.
  • India’s Paris-linked goal cited for GIM is an additional carbon sink of 2.5-3 billion tonnes by 2030.
  • ISFR 2023 recorded a 1,445 sq km green-cover gain: 156 sq km of forest and 1,289 sq km of tree cover outside recorded forests.
Sciencelunar-exploration

What is NASA’s Moon Base programme and why does it want India to be part of it? | Explained

At the ninth India-U.S. Civil Space Joint Working Group meeting in Bengaluru, NASA formally invited ISRO to join its Moon Base programme under the Artemis Accords. The programme envisages crewed and uncrewed missions to build a long-term human outpost for living, work and scientific activity at the Moon’s south pole.

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Prelims pointers

  • NASA formally invited ISRO at the ninth India-U.S. Civil Space Joint Working Group meeting.
  • The bilateral working-group meeting was held in Bengaluru on August 5 and 6.
  • The invitation placed possible Indian participation under the Artemis Accords framework.
  • The Moon Base programme envisages a human outpost at the Moon’s south pole for living, work and scientific activity.
  • NASA and its partners plan a sequence of both crewed and uncrewed missions over the next decade and beyond.
Current Affairsindia-japan

Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India

The Commerce Minister invited deeper Japanese investment in India, citing bilateral trade of about USD 27.5 billion in FY 2025–26 and Japan’s position as India’s fifth-largest FDI source. He linked the partnership to a July 2026 summit target of 10 trillion yen in investment over a decade and to projects in rail, metros and industrial townships.

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Prelims pointers

  • India–Japan bilateral trade was cited at around USD 27.5 billion in FY 2025–26.
  • Japan was described as India’s fifth-largest source of foreign direct investment.
  • The July 2026 annual summit included a target of 10 trillion yen of Japanese investment over the next decade.
  • The address cited 11 Japanese industrial townships spread across eight Indian States.
  • More than 1,400 Japanese companies were reported to be operating in India.
Sciencedigital-public-infrastructure

7th BRICS ICT Working Group Meeting Continues in Pune with Strategic Focus on Digital Public Infrastructure and Digital Governance

The seventh BRICS ICT Working Group meetings in Pune focused on digital public infrastructure and digital governance. India presented its DPI approach, a concept for a BRICS DPI Repository and pilot projects. The Digital BRICS Task Force also discussed draft terms for expert groups on digital applications and digital governance.

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Prelims pointers

  • The Terms of Reference of the BRICS Focus Group on Digital Public Infrastructure were adopted in 2025.
  • India presented a concept note on a BRICS DPI Repository and pilot projects for DPI solutions.
  • DPI principles cited included openness, interoperability, digital sovereignty and national ownership.
  • The Working Group reviewed cooperation on secure telecom infrastructure, submarine cables and digital ecosystems.
  • Draft terms were discussed for expert groups on digital applications and digital governance.
Sciencedefence-indigenisation

Aatmanirbhar Bharat: DDP notifies 6th Positive Indigenisation List of 405 strategically important items

The Department of Defence Production notified the sixth Positive Indigenisation List of 405 items with estimated business potential of ₹3,070 crore. It includes 16 Indian Coast Guard and 389 Defence PSU items. The SRIJAN portal has offered over 33,000 items for indigenisation, while more than 15,700 have been indigenised in five years.

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Prelims pointers

  • The sixth Positive Indigenisation List contains 405 items with estimated potential of ₹3,070 crore.
  • The list divides into 16 Indian Coast Guard items and 389 Defence Public Sector Undertaking items.
  • The Department of Defence Production launched the SRIJAN Defence Portal in August 2020.
  • More than 33,000 items had been offered for indigenisation through SRIJAN up to June 2026.
  • More than 15,700 items were indigenised, with about ₹9,000 crore of estimated import substitution over five years.
Sciencesemiconductor-mission

India’s Biggest Semiconductor Event to be held in Yashobhoomi, New Delhi from 17th – 19th September 2026

SEMICON India 2026, the fifth edition, is scheduled at Yashobhoomi in New Delhi from 17–19 September under the theme ‘Silicon to Systems: Building the Ecosystem’. The release links the event to 12 Semicon 1.0 projects, Cabinet approval of Semicon 2.0, design tools for 332-plus institutes and 105 start-ups, and 24 DLI-supported start-ups.

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Prelims pointers

  • The fifth SEMICON India is scheduled for 17–19 September 2026 at Yashobhoomi in New Delhi.
  • Twelve semiconductor projects were approved under Semicon 1.0, and three had commenced commercial production.
  • Design tools were provided to more than 332 academic institutes and 105 start-ups.
  • Twenty-four start-ups were approved under the Design Linked Incentive scheme.
  • Semicon 2.0 was approved by the Union Cabinet with six major pillars.
Environmentenvironment-compendiums

12th BRICS Environment Ministers Meeting

At the 12th BRICS Environment Ministers’ Meeting, four compendiums documented member practices on sustainable lifestyles, integrated wildfire management, landscape-based greening, and Extended Producer Responsibility with circular economy. The products emphasise community knowledge, technology, ecosystem restoration, digital traceability and cooperation in research, monitoring and capacity building.

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Prelims pointers

  • Four knowledge compendiums were unveiled at the 12th BRICS Environment Ministers’ Meeting.
  • India’s sustainable-lifestyles examples include Mission LiFE, the Environment Education Programme and the SAMBHAV Campaign.
  • The wildfire compendium covers prevention, preparedness, early warning, response and recovery.
  • The landscape-greening compendium addresses land degradation, desertification, biodiversity loss and climate change.
  • The circular-economy compendium highlights India’s market-based Extended Producer Responsibility architecture and centralised digital platforms.
Indian Economyregional-rural-banks

Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26

Regional Rural Banks increased gross loans by 10.3% to ₹5,78,349 crore in FY 2025–26. Their average Priority Sector Lending reached 91.7% of Adjusted Net Bank Credit against a 75% target, with agriculture forming 77% of PSL and weaker-section credit reaching ₹3.49 lakh crore.

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Prelims pointers

  • RRB gross loans rose 10.3% to ₹5,78,349 crore in FY 2025–26 from ₹5,24,163 crore a year earlier.
  • Average RRB Priority Sector Lending reached 91.7% of ANBC against the prescribed overall target of 75%.
  • Agriculture and allied credit was ₹3.78 lakh crore and constituted 77% of total RRB Priority Sector Lending.
  • RRB credit to MSMEs was ₹66,978 crore, or 13.6% of PSL; over 95% went to micro enterprises.
  • Regional Rural Banks extended ₹3.49 lakh crore of credit to weaker sections in FY 2025–26.
Indian Economydomestic-png-scheme

Press Brief: Incentive Scheme for Promotion of Domestic PNG Connections

The government approved an incentive scheme for domestic piped natural gas connections effective 1 September 2026. Eligible city-gas distributors will receive 200 SCM of additional lower-priced domestic APM gas for each incremental billed connection above the geographical-area threshold, over two tranches spanning six months.

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Prelims pointers

  • The domestic PNG incentive scheme becomes effective from 1 September 2026 and runs in two tranches over six months.
  • India had 1.74 crore domestic piped-natural-gas household connections when the scheme was announced.
  • Eligible CGD entities receive 200 SCM of additional lower-priced APM gas per incremental billed connection above threshold.
  • The incentive is expected to reduce the D-PNG capital-expenditure payback period from about ten years to about three years.
  • States are being encouraged to reduce value-added tax on natural gas to 5% to improve PNG affordability.
Geographynortheast-connectivity

Guwahati–Tezpur Corridor: A New Highway Link to Boost Assam’s Tea, Tourism and Trade

The CCEA approved a 135.87-km, four-lane access-controlled Guwahati–Tezpur corridor on NH-15 at ₹8,970.20 crore under BOT-Toll mode. Linking Baihata Chariali with Tezpur, it includes five bypasses, an elephant underpass and a 4.9-km Emergency Landing Facility.

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Prelims pointers

  • The approved Guwahati–Tezpur corridor is a 135.87-km four-lane access-controlled section of NH-15.
  • Its capital cost is ₹8,970.20 crore and the project will use the Build-Operate-Transfer Toll model.
  • Five bypasses totalling 58.7 km will serve Baihata Chariali, Sipajhar, Kharupetia, Dekiajuli and Tezpur.
  • The Tezpur bypass includes an elephant underpass and a 4.9-km Emergency Landing Facility.
  • The corridor links Assam with highway connectivity toward Itanagar and Pasighat in Arunachal Pradesh.
Indian Economyfastag-local-pass

NHAI Extends Digital FASTag Local Pass Facility to 121 Toll Plazas Across the Country

NHAI expanded online FASTag Local Passes to 121 toll plazas. Eligible residents within 20 km can apply through the Rajmargyatra app for unlimited monthly travel at the respective plaza, with DigiLocker, VAHAN and GIS-based checks replacing physical documentation.

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Prelims pointers

  • NHAI expanded the online FASTag Local Pass facility to 121 toll plazas across India.
  • Eligible residents must have a registered address within 20 km of the concerned toll plaza.
  • A monthly Local Pass permits unlimited travel through the respective plaza under applicable provisions.
  • The first digital facility began in July 2026 at Mundka–Bakkarwala Toll Plaza on UER-II in Delhi.
  • DigiLocker, VAHAN and GIS-based verification are used to check address, vehicle and FASTag details.
Polity & Governancemineral-regulation

MMDR Amendment Act, 2026

The MMDR Amendment Act, 2026 inserts Section 9D to bar State taxes, cesses or levies on mineral rights or mineral-bearing land except under centrally prescribed conditions. Uncollected past levies become invalid, collected sums are not refunded, and Section 13 empowers Central rule-making.

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Prelims pointers

  • The MMDR Amendment Act, 2026 inserts Section 9D concerning State levies on mineral rights and mineral-bearing lands.
  • States may impose such levies only under conditions or restrictions prescribed by the Central Government.
  • Unpaid or uncollected past levies become invalid, but sums already deposited or recovered are not refundable.
  • Section 13 is amended to empower the Central Government to make rules governing permitted State levies.
  • Minor minerals remain under State control, and the amendment does not alter that category.
Indian Economyagricultural-research

ICAR’s 97th AGM Charts the Roadmap for Transformative Agriculture

ICAR’s 97th Annual General Meeting called for demand-driven agricultural research, integrated farming and faster technology transfer. ICAR reported a roughly 19-million-tonne rise in foodgrain production, release of 386 crop varieties—94% climate-resilient and 29 biofortified—and an indigenous African Swine Fever vaccine, alongside 805 intellectual-property applications.

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Prelims pointers

  • The 97th ICAR Society AGM was held at the National Agricultural Science Complex in New Delhi.
  • ICAR reported releasing 386 crop varieties, of which 94% were climate-resilient and 29 were biofortified.
  • Foodgrain production was reported to have risen by around 19 million tonnes over the past year.
  • Around 805 intellectual-property applications were filed, while commercialisation was strengthened across 36 institutions.
  • The National Gender Platform for Agri-Food Systems connects more than 9,000 establishments.
Sciencebharatnet-program

Agreement Signed between Digital Bharat Nidhi (DBN) - Department of Telecommunications; Government of Chhattisgarh; CSBIL; BSNL & CHiPS for Implementation of Amended BharatNet Program in Chhattisgarh

Digital Bharat Nidhi and Chhattisgarh entities signed an agreement to implement the Amended BharatNet Programme under a State-led model. With ₹3,942 crore approved, the project covers 11,682 Gram Panchayats, upgrades 4,048 Phase-I locations to ring topology, covers 5,964 Phase-II and 1,670 new Gram Panchayats, and offers demand-based links to 8,328 villages.

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Prelims pointers

  • The Union Cabinet approved the Amended BharatNet Programme on 4 August 2023.
  • Chhattisgarh’s programme has a scope of 11,682 Gram Panchayats and demand-based connectivity for 8,328 villages.
  • The Government of India approved ₹3,942 crore in financial support for implementation in Chhattisgarh.
  • A total of 4,048 Phase-I Gram Panchayats are to be upgraded from linear to ring topology.
  • The Telecommunications Act, 2023 changed the Universal Service Obligation Fund into Digital Bharat Nidhi.
Geographyparang-la

Raksha Mantri flags-off NCC’s All India Girls High Altitude Long Trek ‘Aparajita - Parang La 2026’

The Defence Minister flagged off the NCC’s all-girls ‘Aparajita–Parang La 2026’ trek. Twenty-eight cadets led by women officers of the three Services will cover about 250 km in 30 days across the 5,578-metre Parang La, linking Himachal Pradesh’s Spiti Valley with Ladakh’s Changthang region.

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Prelims pointers

  • Parang La Pass is 5,578 metres high and connects Spiti Valley with the Changthang region.
  • The expedition comprises 28 girl cadets led by three women officers representing the three Services.
  • The planned trek is approximately 250 kilometres long and is to be completed over 30 days.
  • The route includes Kibber, Parang La, Norbu Sumdo, Kiangdom and Korzok.
  • A preparatory and acclimatisation trek was undertaken in the Bhaba–Pin Valley sector.
Polity & Governanceaadhaar-biometric-update

UIDAI Special Drive Completes over 2 Cr Mandatory Biometric Updates (MBU) in Aadhaar for School Children, Covering around 1.6 Lakh Schools Across the Country

UIDAI’s school-based drive completed over two crore Mandatory Biometric Updates across more than 1.56 lakh schools. UDISE+ integration allows schools to see update status. Aadhaar biometrics must be updated at ages five and fifteen, and the fee waiver makes updates free for ages 5–17 through 30 September 2026.

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Prelims pointers

  • Aadhaar Mandatory Biometric Update is required when a child attains age five and again at age fifteen.
  • UIDAI’s special school drive began in September 2025 and covered more than 1.56 lakh schools.
  • The drive completed more than 20 million, or over two crore, biometric updates for school children.
  • UDISE+ integration provides visibility of children’s Mandatory Biometric Update status at schools.
  • The combined fee arrangements make MBU free for ages 5–17 through 30 September 2026.
Environmentbrics-environment

India calls for People-Centric, Implementation-Oriented Environmental Action at 12th BRICS Environment Ministers’ Meeting

The 12th BRICS Environment Ministers’ Meeting under India’s 2026 chairship adopted a Joint Ministerial Statement and launched four knowledge compendiums. India framed four priorities—sustainable lifestyles; afforestation, forest-fire management and disaster resilience; circular economy; and adaptation—and advocated people-centred action combining traditional knowledge and modern science.

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Prelims pointers

  • India hosted the 12th BRICS Environment Ministers’ Meeting in New Delhi under its 2026 chairship.
  • The meeting consensually adopted a Joint Ministerial Statement and launched four knowledge compendiums.
  • India’s four priorities included sustainable lifestyles, circular economy, adaptation, and forest-fire management with disaster resilience.
  • One outcome document sets BRICS principles for integrated landscape management to combat desertification.
  • Another outcome addresses people-centric, community-based adaptation built on traditional knowledge.
Indian Economypublic-sector-banks

PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions

The Department of Financial Services concluded PSB Confluence 2026 after discussions on seven banking themes. The Finance Minister proposed a month-long youth-banking campaign from 2 October 2026, coordinated through the Indian Banks’ Association, alongside a common digital platform and closer monitoring of Priority Sector Lending targets.

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Prelims pointers

  • PSB Confluence 2026 was organised by the Department of Financial Services under the Ministry of Finance.
  • The two-day meeting considered seven themes concerning Public Sector Banks and Public Financial Institutions.
  • A month-long banking campaign for youth above 16 years is proposed to begin on 2 October 2026.
  • The Indian Banks’ Association is to coordinate the proposed campaign for young banking customers.
  • Day 2 covered value-chain finance, Priority Sector Lending and reimagining the credit-card business.
Indian Economyfree-trade-agreements

Signed, Sealed and Exporting

India’s combined merchandise and services exports reached US$863.1 billion in FY 2025–26. The PIB backgrounder explains FTA utilisation through preferential Certificates of Origin, e-CoO 2.0, Trade Connect and recent agreements, including UAE CEPA, Australia ECTA and EFTA TEPA.

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Prelims pointers

  • India’s combined merchandise and services exports reached US$863.1 billion in FY 2025–26.
  • The India–UAE CEPA entered into force on 1 May 2022 after negotiations lasting 88 days.
  • The India–Australia ECTA entered into force on 29 December 2022 and now covers zero-duty access for all Indian exports.
  • e-CoO 2.0 provides digital Certificates of Origin with Aadhaar e-signatures and QR-code verification.
  • A preferential Certificate of Origin shows that goods meet rules of origin for reduced or zero customs duty.
Indian Economylakhpati-didi

Agriculture and Rural Development Family to Unite Behind PM Modi’s ‘Shakti Ki Saptadhara’ Vision: Shri Shivraj Singh Chouhan

The Agriculture and Rural Development ministries organised a commitment programme around the ‘Shakti Ki Saptadhara’ vision. The agenda links farm production with quality, processing, branding, exports and local agricultural roadmaps. It also records that the target of three crore Lakhpati Didis has been achieved and sets a new target of six crore rural women.

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Prelims pointers

  • The programme was held at the C. Subramaniam Auditorium in Pusa for agriculture and rural-development departments.
  • The source records achievement of three crore Lakhpati Didis and a new target of six crore.
  • Separate agricultural roadmaps were proposed for every State and district to reflect local climate, soil, water and cropping patterns.
  • ICAR, Krishi Vigyan Kendras, State governments and the Department of Agricultural Research and Education were asked to take technology to farmers.
  • ‘She-Marts’, branding, skill development, financial assistance and market access were identified for rural women’s enterprises.
Environmentcarbon-border-adjustment

Department of Commerce Organises Awareness Session on EU CBAM Regulations for Exporters

The Department of Commerce, NABCB and EEPC held an exporter-awareness session on the European Union’s Carbon Border Adjustment Mechanism. Around 100 participants examined covered products, embedded-emissions calculation, data reporting, accreditation and verification, with case studies from iron and steel and aluminium illustrating the trade-compliance implications.

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Prelims pointers

  • The awareness session was organised by the Department of Commerce with NABCB and EEPC.
  • Around 100 exporters and industry stakeholders attended the session at Vanijya Bhawan in New Delhi.
  • Technical sessions covered embedded-emissions calculation, data collection, reporting, accreditation and verification.
  • Practical CBAM case studies at the session concerned the iron and steel and aluminium sectors.
  • NABCB highlighted credible accreditation and verification as important for confidence in emissions-related data.
Indian Economycoconut-sector

India’s Coconut Sector

India ranks first in coconut production, producing 20,301.22 million nuts in 2024–25. The Coconut Development Board, under the Agriculture Ministry, supports the sector. The 2026 copra MSPs are ₹12,027 per quintal for milling copra and ₹12,500 for ball copra.

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Prelims pointers

  • India ranks first in coconut production and third in cultivation area, with 31.24% and 17.90% of global totals.
  • Keralam leads in coconut area, Tamil Nadu in production and Andhra Pradesh in productivity.
  • The Coconut Development Board, established on 12 January 1981, is headquartered in Kochi.
  • For 2026, MSP is ₹12,027 per quintal for milling copra and ₹12,500 per quintal for ball copra.
  • NAFED and NCCF serve as the Central Nodal Agencies for procurement of copra.
Environmentlegacy-waste-remediation

Waste to Woods: Raichur Reclaims 22 Acres with Miyawaki Transformation

Raichur City Corporation remediated 62,252 metric tonnes of legacy waste at the 35-acre Yakalaspura dumpsite under SBM-U 2.0, reclaiming nearly 22 acres. A Miyawaki forest of about 5–7 acres with 60,000 saplings is being developed on the restored land.

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Prelims pointers

  • The Yakalaspura legacy dumpsite in Raichur, Karnataka, originally extended across 35 acres.
  • Scientific remediation processed 62,252 metric tonnes of waste and reclaimed nearly 22 acres.
  • Plantation on the remediated land commenced on World Environment Day, 5 June 2026.
  • A Miyawaki forest is being developed over approximately 5–7 acres with 60,000 planted saplings.
  • The remediation was undertaken by Raichur City Corporation under Swachh Bharat Mission-Urban 2.0.
Environmentwildlife-corridors

No State can block traditional routes of elephants: Supreme Court

The Supreme Court ordered a nationwide survey to protect elephants’ traditional inter-State corridors from blockades and human habitation. It reiterated its 2018 prohibition on fireballs, burning rods and spikes, asked the Centre to enforce the ban, and noted that elephants are vulnerable Schedule I animals under the Wildlife (Protection) Act, 1972.

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Prelims pointers

  • The Supreme Court directed the Centre on August 17, 2026 to survey elephant corridors nationwide and secure free passage.
  • Elephants are identified as vulnerable Schedule I animals under the Wildlife (Protection) Act, 1972.
  • The Court had prohibited fireballs, burning rods and spikes in 2018, describing such practices as barbaric and illegal.
  • The three-judge Bench comprised Chief Justice Surya Kant and Justices Joymalya Bagchi and V. Mohana.
  • The proceedings arose from advocate Shibani Ghosh’s plea alleging continued use of fireballs against elephants in West Bengal.
Indian Economypayment-law

Amendment to Taxation Act, Payment and Settlement Systems Act get President’s assent

President Droupadi Murmu assented on August 17, 2026 to the Taxation and Other Laws (Amendment) Act and an amendment to the Payment and Settlement Systems Act, 2007. The laws alter the zero-MDR framework and provide tax incentives for foreign portfolio investors, fund managers, electronics production and data-centre use.

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Prelims pointers

  • Parliament passed the two amendment bills on August 10, and presidential assent followed on August 17, 2026.
  • The Payment and Settlement Systems Act amendment enables the government to notify which electronic payment modes or transactions remain free from MDR.
  • The Taxation and Other Laws amendment replaced the June 5 ordinance concerning FPI income from investments in government securities.
  • The electronics contract-manufacturing tax exemption for eligible foreign companies was extended through 2040-41.
  • A 15-year exemption through 2040-41 applies to eligible foreign companies storing components in customs warehouses for Indian contract manufacturers.
Indian Economyupi-payments

UPI stays free for users, vast majority of transactions to remain free for merchants as well, says government

The government said person-to-person UPI payments will remain free and most merchant transactions will also remain free. The amendment to Section 10A of the Payment and Settlement Systems Act is only enabling; any future MDR would be nominal, threshold-based and decided by the NPCI-headed UPI and Services Steering Committee.

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Prelims pointers

  • All person-to-person UPI transactions will continue to be free, according to the government clarification.
  • The Section 10A amendment is an enabling provision and does not by itself impose a merchant discount rate.
  • Any future MDR would apply only above a specified threshold to limited merchant transactions and would be nominal.
  • The NPCI-headed UPI and Services Steering Committee would decide on any MDR under the proposed framework.
  • UPI processed 2,366 crore transactions worth ₹29.9 lakh crore in July 2026 and was live in 11 foreign countries.
Scienceearly-life

Indian rock yields oldest directly dated traces of microbial life: study

A Bhitardari banded chert from the Singhbhum Craton yielded converging evidence of microbial life about 3.497 billion years ago. Zircons associated with volcanic ash supplied the age, while carbon isotopes and the character of degraded organic matter supported a biological origin, making it the oldest directly dated rock with a confirmed biosignature, according to the authors.

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Prelims pointers

  • The Bhitardari carbonaceous chert comes from the Singhbhum Craton, spanning parts of Jharkhand and Odisha.
  • Chert is a hard, fine-grained rock made largely of silica and can preserve organic matter over immense geological time.
  • Four of eight zircon crystals analysed indicated an age of 3,497 million years for volcanic ash associated with the chert.
  • Zircon dating uses uranium trapped in the crystals and its decay to lead at a known rate.
  • The biological interpretation combines carbon-isotope evidence with identification of degraded organic matter rather than later inorganic contamination.
Indian Economycrude-imports

India’s crude import bill surges 41% in July amid West Asia crisis; volumes up 13%

India’s July crude-import bill rose over 41% year-on-year to $13.7 billion as import volumes climbed 13.3% and global prices increased amid West Asia uncertainty. Provisional PPAC data put crude-import dependence at 88.5%, while the net oil-and-gas import bill rose over 19% to $11.2 billion.

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Prelims pointers

  • India’s crude-oil import bill increased by more than 41% year-on-year to $13.7 billion in July.
  • Crude import volumes rose 13.3%, from 18.9 MMT a year earlier to 21.4 MMT.
  • The Indian crude basket averaged $82.04 per barrel in July, up from $70.95 a year earlier.
  • Crude imports met 88.5% of India’s total crude-oil consumption, according to provisional PPAC data.
  • The net oil-and-gas import bill rose by more than 19% year-on-year to $11.2 billion.
Indian Economygdp-forecast

India's economic growth to slow to 6.8% FY27 amid West Asia crisis, El Nino impact

India Ratings projected India’s FY27 GDP growth at 6.8%, down from 7.6% in FY26, as West Asia uncertainty, a weaker rupee and likely El Niño effects raise fuel and food inflation risks. It projected average retail inflation of 4.9% and a current account deficit of 1.5% of GDP.

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Prelims pointers

  • India Ratings projected FY27 GDP growth at 6.8%, compared with 7.6% growth in FY26.
  • The agency assumed average FY27 crude oil at $85 per barrel, down from its May 2026 assumption of $95.
  • India Ratings expected the rupee-dollar exchange rate to average ₹93.98 in FY27, a 6.4% year-on-year depreciation.
  • Retail inflation was projected to average 4.9% in FY27, compared with 2% in FY26.
  • The current account deficit was projected to widen from 0.6% of GDP in FY26 to 1.5% in FY27.
Polity & Governanceterror-financing

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of 04 Entries

RBI directed regulated financial entities to implement four amendments made on August 14, 2026 to the UN Security Council’s ISIL and Al-Qaida sanctions list. The changes concern three individuals and ISIL-K, and carry the asset-freeze, travel-ban and arms-embargo measures associated with Security Council resolution 2734 (2024).

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Read the original report from Reserve Bank of India — Notifications (opens in a new tab)

Prelims pointers

  • RBI circular RBI/2026-27/235 concerns four amendments made on August 14, 2026 to the UNSC 1267/1989 ISIL and Al-Qaida sanctions list.
  • The sanctions attached to the amended entries are an assets freeze, travel ban and arms embargo under paragraph 1 of UNSC resolution 2734 (2024).
  • The four amended entries cover Amin Muhammad Ul Haq Saam Khan, Abubakar Swalleh, Hamida Nabaggala and the entity ISIL-K.
  • Section 51A of the UAPA, 1967 requires regulated entities to act on UN-approved lists of persons and entities suspected of terrorist links.
  • Banks must electronically forward delisting requests to the Joint Secretary (CTCR), Ministry of Home Affairs; applicants may also approach the UN Ombudsperson.
Polity & Governanceunsc-sanctions

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of 04 Entries

RBI directed a wide range of regulated financial entities to implement four amendments to the UNSC ISIL and Al-Qaida Sanctions List under Section 51A of UAPA. Listed persons and entities remain subject to an asset freeze, travel ban and arms embargo under the cited Security Council framework.

Source published PrelimsAI reviewed/published
Read the original report from Reserve Bank of India — Notifications (opens in a new tab)

Prelims pointers

  • Section 51A of UAPA, 1967 is the domestic compliance hook cited for preventing accounts in names appearing on specified UNSC terrorist-linked lists.
  • RBI referred regulated entities to Chapter IX of its Know Your Customer Directions, 2025, dated November 28, 2025 and amended on December 29, 2025.
  • MEA conveyed UNSC press release SC/16432 dated August 13, 2026, which amended four entries on the ISIL and Al-Qaida Sanctions List.
  • The sanctions comprise an asset freeze, travel ban and arms embargo under paragraph 1 of UNSC Resolution 2734 (2024).
  • The notification cites UNSC Resolutions 1267 (1999), 1989 (2011) and 2253 (2015), and states that the measures were adopted under Chapter VII of the UN Charter.

Today's quiz

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This digest is from 18 August 2026. Completing it does not advance today's streak.

Question 1 of 31

According to the India State of Forest Report 2023 figures cited, how much of the 1,445 sq km green-cover gain was true forest?

Answer key

Take the quiz above first. This key is for revision after you finish.

  1. Q1

    According to the India State of Forest Report 2023 figures cited, how much of the 1,445 sq km green-cover gain was true forest?

    (A) 156 sq km

  2. Q2

    Consider the following statements: 1. NASA invited ISRO under the Artemis Accords. 2. The proposed outpost is at the Moon’s south pole. Which is correct?

    (C) Both 1 and 2

  3. Q3

    Which figure was associated with the investment ambition following the 16th India–Japan Annual Summit?

    (A) 10 trillion yen over the next decade

  4. Q4

    Consider the following: 1. A BRICS DPI Repository concept was presented. 2. Draft terms for digital-applications and digital-governance expert groups were discussed. Which is correct?

    (C) Both 1 and 2

  5. Q5

    Consider the sixth Positive Indigenisation List: 1. It contains 405 items. 2. It includes 16 Coast Guard and 389 DPSU items. Which is correct?

    (C) Both 1 and 2

  6. Q6

    Which statement about India’s semiconductor programme is supported by the release?

    (A) Semicon 1.0 approved 12 projects, three of which had begun commercial production

  7. Q7

    Which topic was NOT among the four BRICS environmental compendiums described in the source?

    (A) Mandatory Aadhaar biometric updates

  8. Q8

    Consider the following statements on RRB performance in FY 2025–26: 1. Average PSL achievement was 91.7% of ANBC. 2. Agriculture formed 77% of total PSL. Which is correct?

    (C) Both statements

  9. Q9

    Under the domestic PNG incentive scheme, how much additional APM gas is allocated per incremental billed connection above the threshold?

    (C) 200 SCM

  10. Q10

    Consider the Guwahati–Tezpur corridor: 1. It forms part of NH-15. 2. It is planned under BOT-Toll mode. Which is correct?

    (C) Both statements

  11. Q11

    What is the prescribed residential radius for eligibility under NHAI’s digital FASTag Local Pass framework?

    (B) Within 20 km

  12. Q12

    Consider the MMDR Amendment Act, 2026: 1. It inserts Section 9D. 2. Already recovered levies must be refunded. Which is correct?

    (A) Statement 1 only

  13. Q13

    Which achievement was reported at ICAR’s 97th AGM?

    (A) 386 crop varieties, including 29 biofortified varieties

  14. Q14

    Which correctly describes the Chhattisgarh Amended BharatNet Programme?

    (A) 11,682 Gram Panchayats with ₹3,942 crore support

  15. Q15

    Parang La Pass, highlighted by the NCC expedition, connects which two regions?

    (A) Spiti Valley and Changthang

  16. Q16

    At which ages does the source say a child’s Aadhaar Mandatory Biometric Update is required?

    (A) At five years and again at fifteen years

  17. Q17

    Which was one of India’s four priorities for the 2026 BRICS environmental track?

    (A) Circular economy

  18. Q18

    Which institution is to coordinate the month-long youth-banking campaign proposed at PSB Confluence 2026?

    (B) Indian Banks’ Association

  19. Q19

    Which statement best describes a preferential Certificate of Origin in the context of an FTA?

    (A) It proves goods meet origin rules for tariff preference

  20. Q20

    Consider the following statements: 1. The source says three crore Lakhpati Didis have been achieved. 2. It sets a target of six crore. Which is correct?

    (C) Both 1 and 2

  21. Q21

    Which two sectors supplied practical case studies during the EU CBAM awareness session?

    (A) Iron and steel, and aluminium

  22. Q22

    Consider the following pairs: 1. Keralam—largest coconut area 2. Tamil Nadu—highest production 3. Andhra Pradesh—highest productivity. Which are correct?

    (D) All three pairs

  23. Q23

    The Yakalaspura dumpsite remediation and Miyawaki forest project described in the release is associated with which mission?

    (B) Swachh Bharat Mission-Urban 2.0

  24. Q24

    Consider the following statements: 1. Elephants are Schedule I animals under the Wildlife (Protection) Act, 1972. 2. The Court accepted corridor blockades as a crop-protection measure. Which is correct?

    (A) 1 only

  25. Q25

    Which institution heads the committee that will decide on MDR charges under the amended payment-system framework?

    (B) National Payments Corporation of India

  26. Q26

    Consider the following statements: 1. The Section 10A amendment automatically imposes MDR on all UPI payments. 2. Person-to-person UPI payments will remain free. Which is correct?

    (B) 2 only

  27. Q27

    Why did researchers analyse zircon crystals associated with the Bhitardari chert?

    (B) To date the rock through uranium-lead decay

  28. Q28

    What share of India’s total crude-oil consumption was met through imports in the provisional PPAC data?

    (C) 88.5%

  29. Q29

    According to India Ratings’ FY27 projections, which pair is correctly matched?

    (B) GDP growth 6.8%; retail inflation 4.9%

  30. Q30

    Consider the following sanctions mentioned for entries on the UNSC ISIL and Al-Qaida list: 1. Assets freeze 2. Travel ban 3. Arms embargo. Which are included?

    (D) 1, 2 and 3

  31. Q31

    Under the RBI notification, which three measures apply to entries on the cited UNSC ISIL and Al-Qaida Sanctions List?

    (A) Asset freeze, travel ban and arms embargo

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