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Weekly Current AffairsAugust 3–9, 2026

Weekly Current Affairs: August 3–9, 2026 — RBI Holds Repo at 5.25%, Forex Reserves Jump $10.5 Billion, Har Ghar Tiranga 2026, Jharkhand JPSC-JSSC Agitation, US Senate Sanctions Bill Puts India in Scope & Ashmita Chaliha’s Maiden BWF Title

Your verified, exam-ready digest for the week

📅 Published: August 10, 2026📰 10 stories🧠 20 quiz questions✍️ TaiyarHo Editorial

📌Key Points at a Glance

  • 1The RBI Monetary Policy Committee met August 3–5 and voted unanimously to hold the repo rate at 5.25% with a neutral stance — the fourth consecutive pause. The next meeting is October 5–7, 2026.
  • 2The RBI raised its FY 2026-27 real GDP growth forecast to 6.7% from 6.6% (Q1 7.0%, Q2 6.4%, Q3 6.5%, Q4 6.8%) and lowered CPI inflation to 5.0% from 5.1%, with core inflation expected to average 4.3%.
  • 3Foreign exchange reserves rose $10.512 billion to $692.866 billion in the week ended July 31 — the largest weekly gain since January 30. Foreign currency assets stood at $564.680 billion and gold at $104.743 billion; the all-time high remains $728.494 billion (week ended February 27, 2026).
  • 4The FAO Food Price Index averaged 131.1 points in July 2026, the highest since January 2023, with wheat up 5.8% and the Vegetable Oil Price Index at its highest since June 2022.
  • 5Har Ghar Tiranga 2026 was launched on August 6 by Culture and Tourism Minister Gajendra Singh Shekhawat and runs August 9–17 — the fifth edition, dedicated to 150 years of Vande Mataram, with the new SURYAPATH TIRANGA relay across Indian missions in 54 countries.
  • 6India observed the 12th National Handloom Day on August 7, commemorating the Swadeshi Movement launched at Calcutta Town Hall on August 7, 1905. The sector supports 35.22 lakh weavers and allied workers.
  • 7The Jharkhand student agitation over alleged JPSC and JSSC examination irregularities entered its third week — an indefinite hunger strike began August 3 and the Assembly’s monsoon session (August 6–12) opened amid protests. Talks between a government panel led by Minister Sudivya Kumar and the JPSC-JSSC Reforms Manch ended in deadlock on August 7. Students demand a CBI probe and cancellation of the 14th JPSC Preliminary Examination, and have said they will march on the Assembly on August 10.
  • 8Abelardo de la Espriella was sworn in as President of Colombia on August 7 in Cali — the first modern Colombian inauguration outside Bogota — succeeding Gustavo Petro after defeating Ivan Cepeda in the June 21 run-off.
  • 9The US Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by 86-11 on August 7, authorising tariffs of up to 100% on countries in the top five purchasers of Russian oil and gas — a group that currently includes India and China. Senate passage alone imposes no tariff: the Bill still needs the House, which is in recess until September.
  • 10Ashmita Chaliha beat China’s Han Qianxi 14-21, 21-14, 21-14 to win the Korea Masters Super 300 on August 9 — her maiden BWF World Tour title and the first by an Indian at this tournament. She is the fifth Indian woman to win a BWF Super 300 or higher title.
  • 11India won three medals at the World Athletics U20 Championships in Eugene, equalling its best-ever tally — Ashish Yadav silver in javelin (74.09m), Basant Kumar Meghwal silver in high jump (2.21m, India’s first), and Shahnavaz Khan bronze in long jump (7.84m, first for an Indian man).
Relevant for:UPSCSSC CGLIBPS PORRB NTPCState PSC

🏛️ National & Polity

🏛️ National & Polity📅 August 6, 2026

Har Ghar Tiranga 2026 Launched, Dedicated to 150 Years of Vande Mataram

Union Minister for Culture and Tourism Gajendra Singh Shekhawat launched the nationwide Har Ghar Tiranga 2026 campaign in New Delhi on 6 August 2026. The campaign runs from 9 to 17 August 2026.

Key Facts

  • This is the fifth edition of the campaign, which began in 2022 as part of Azadi Ka Amrit Mahotsav. The Ministry of Culture is the nodal ministry.
  • The 2026 edition is dedicated to the 150th anniversary of the National Song, Vande Mataram. The year-long commemoration runs from 7 November 2025 to 7 November 2026.
  • A new flagship initiative, SURYAPATH TIRANGA, is a symbolic global Tiranga relay involving Indian embassies and consulates in 54 countries, beginning at the easternmost Indian Mission to see sunrise.
  • The Ministry of Culture has released a five-step online tutorial for the correct rendition of Vande Mataram, and the Selfie with Tiranga feature now carries its lyrics and tune.
  • The 2025 edition recorded 7.5 crore selfies uploaded with the National Flag, according to the Ministry of Culture.
  • The launch was attended by Randhir Jaiswal, Additional Secretary and Official Spokesperson of the Ministry of External Affairs, and Dr Sachchidanand Joshi, Member Secretary of the Indira Gandhi National Centre for the Arts.

📌 Why It Matters

Campaign dates, edition number and nodal ministry are exactly the kind of facts converted into objective questions, and this year the campaign ties into the Vande Mataram legislation passed in Parliament last week.

🧠 Static GK Connect

The Indian National Flag was adopted by the Constituent Assembly on 22 July 1947. Its design is based on the Swaraj flag by Pingali Venkayya. The Flag Code of India, 2002 was amended in 2021 and 2022 to allow polyester and machine-made flags and to permit display at night. India celebrates its 80th Independence Day in 2026.

Exams:UPSCSSCBankingRailwayState PSCTeachingPolice
🏛️ National & Polity📅 August 3–9, 2026

Jharkhand Student Agitation over JPSC and JSSC Exams Enters Third Week

The state-wide student movement in Jharkhand over alleged irregularities in Jharkhand Public Service Commission and Jharkhand Staff Selection Commission recruitment examinations intensified through the week, with an indefinite hunger strike, a march to the Assembly and police detentions.

Key Facts

  • Candidates have held an indefinite sit-in at the Jaipal Singh Munda Stadium in Ranchi since 29 July 2026.
  • Student leader Devendra Nath Mahto began an indefinite hunger strike on 3 August 2026; by 5 August the agitation was on its twelfth day.
  • The monsoon session of the Jharkhand Assembly ran from 6 to 12 August 2026 with five working days, and opened amid the agitation. The first supplementary budget for 2026-27 was presented on 7 August.
  • By 7 August 2026, the fourteenth day, six students were continuing the hunger strike. Talks between a state government panel led by Minister Sudivya Kumar and the JPSC-JSSC Reforms Manch delegation ended in deadlock on 7 August.
  • The core demands are a Central Bureau of Investigation probe into the alleged irregularities and cancellation of the disputed 14th JPSC Preliminary Examination.
  • The protests gathered momentum after an alleged answer sheet said to be linked to the 14th JPSC Preliminary Examination circulated widely on social media. The JPSC-JSSC Reforms Manch has said it will march on the state Assembly on 10 August 2026 if the government does not give firm commitments.

📌 Why It Matters

This is the most directly relevant story of the week for competitive exam aspirants. It follows the NEET paper-leak agitation and the new anti-paper-leak law, and JPSC and JSSC candidates need to track it closely.

🧠 Static GK Connect

Jharkhand was formed on 15 November 2000, carved out of Bihar, on the birth anniversary of Birsa Munda. Ranchi is its capital. State Public Service Commissions are constituted under Article 315 of the Constitution, and their members are appointed by the Governor and removed only by the President.

Exams:State PSCSSCUPSCPoliceTeaching

🌐 International

🌐 International📅 August 7, 2026

Abelardo de la Espriella Sworn In as President of Colombia

Abelardo de la Espriella took the oath of office as President of Colombia on 7 August 2026 in the city of Cali, succeeding Gustavo Petro and beginning a four-year term.

Key Facts

  • The ceremony was held at Universidad Santiago de Cali — the first Colombian presidential inauguration in modern history held outside the capital, Bogota.
  • De la Espriella, a 48-year-old lawyer, defeated Ivan Cepeda in the presidential run-off held on 21 June 2026. Jose Manuel Restrepo took office as Vice President.
  • He succeeds Gustavo Petro, Colombia’s first leftist president, who did not attend the ceremony.
  • Attendees included King Felipe VI of Spain, Argentine President Javier Milei, Ecuadorian President Daniel Noboa and Chilean President Jose Antonio Kast.
  • The United States State Department said the same day that it intends to announce USD 1 billion in security assistance to Colombia, subject to approval by the US Congress.

📌 Why It Matters

Heads of state and government changes are standard General Awareness questions, and Colombia’s political shift is relevant to UPSC International Relations.

🧠 Static GK Connect

Colombia’s capital is Bogota and its currency is the Colombian peso. It is the only South American country with coastlines on both the Pacific Ocean and the Caribbean Sea. Colombia is a member of the Pacific Alliance along with Chile, Mexico and Peru.

Exams:UPSCBankingSSCState PSC
🌐 International📅 August 7, 2026

US Senate Passes Russia Sanctions Bill Naming India Among Five Targets

The United States Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which would authorise tariffs of up to 100 per cent on countries purchasing Russian energy. India is explicitly named among the target countries.

Key Facts

  • The Bill was passed by a vote of 86 to 11, with three senators not voting. An earlier procedural vote on 28 July 2026 was 86 to 12.
  • The tariff power applies to countries in the top five purchasers of Russian crude oil or natural gas, a group that currently includes India and China. There is an exception for countries importing less than 15 per cent of their natural gas from Russia and taking significant steps to reduce it.
  • The Bill is named after Republican Senator Lindsey Graham of South Carolina, its long-time sponsor, who died on 11 July 2026; it also carries sanctions on President Vladimir Putin, Russian officials, oligarchs and banks.
  • Senate passage alone does not impose any tariff on India. The Bill must still clear the US House of Representatives, which is in recess until September, and then be signed and implemented.
  • Russian crude accounted for more than half of India’s crude oil imports in June 2026. The Ministry of External Affairs has maintained that India’s energy procurement is guided by national priorities and the needs of its 1.4 billion people.

📌 Why It Matters

India-US relations, secondary sanctions and energy security are core UPSC International Relations themes, and the topic is also examinable in Banking General Awareness through its trade and rupee implications.

🧠 Static GK Connect

The US Senate has 100 members, two from each state, with six-year terms. A Bill must pass both the Senate and the House of Representatives and be signed by the President to become law. India imports the overwhelming majority of its crude oil requirement.

Exams:UPSCBankingState PSCSSC

💰 Economy & Banking

💰 Economy & Banking📅 August 5, 2026

RBI Holds Repo Rate at 5.25%, Raises FY27 Growth Forecast to 6.7%

The Reserve Bank of India’s Monetary Policy Committee met from 3 to 5 August 2026 and voted unanimously to keep the policy repo rate unchanged at 5.25 per cent, retaining its neutral stance. Governor Sanjay Malhotra announced the decision on 5 August.

Key Facts

  • This was the fourth consecutive meeting at which the repo rate was left unchanged.
  • Real GDP growth for 2026-27 was revised up to 6.7 per cent from 6.6 per cent, with Q1 at 7.0 per cent, Q2 at 6.4 per cent, Q3 at 6.5 per cent and Q4 at 6.8 per cent. Risks are described as evenly balanced.
  • CPI inflation for 2026-27 was lowered to 5.0 per cent from 5.1 per cent. Core inflation is expected to average 4.3 per cent.
  • Governor Malhotra said headline inflation is expected to peak in Q3 of the financial year, driven mainly by food and fuel, before moderating. He described the RBI as "neither dovish nor hawkish".
  • The next Monetary Policy Committee meeting is scheduled for 5 to 7 October 2026.

📌 Why It Matters

The repo rate, policy stance and the RBI’s growth and inflation projections are the single most reliably asked economy topic in Banking examinations, and appear regularly in SSC and State PSC papers too.

🧠 Static GK Connect

The Monetary Policy Committee was constituted under the RBI Act, 1934 as amended in 2016. It has six members — three from the RBI including the Governor, who has a casting vote, and three appointed by the Central Government. Its mandate is to keep CPI inflation at 4 per cent within a band of plus or minus 2 per cent.

Exams:BankingUPSCSSCState PSCRailway
💰 Economy & Banking📅 August 7, 2026

Forex Reserves Jump $10.5 Billion to $692.87 Billion, Biggest Weekly Gain Since January

Reserve Bank of India data released on 7 August 2026 showed India’s foreign exchange reserves rose by USD 10.512 billion to USD 692.866 billion in the week ended 31 July 2026 — the largest weekly gain since 30 January.

Key Facts

  • Foreign currency assets, the largest component, rose by USD 8.750 billion to USD 564.680 billion.
  • Gold reserves rose by USD 1.685 billion to USD 104.743 billion.
  • Special Drawing Rights rose by USD 48 million to USD 18.666 billion, and India’s reserve position with the International Monetary Fund rose by USD 28 million to USD 4.78 billion.
  • The all-time high remains USD 728.494 billion, recorded in the week ended 27 February 2026, before the West Asia conflict led the RBI to sell dollars to curb rupee volatility.
  • Indian banks had mobilised USD 36.7 billion through Foreign Currency Non-Resident (Bank) deposits as of 31 July 2026. Governor Sanjay Malhotra said there is no proposal to close the FCNR(B) incentive scheme prematurely.

📌 Why It Matters

Forex reserve figures and their four components are a standard Banking Awareness question, and the record-high figure is frequently tested.

🧠 Static GK Connect

India’s foreign exchange reserves have four components: foreign currency assets, gold, Special Drawing Rights and the reserve position with the IMF. SDRs are an international reserve asset created by the IMF in 1969, valued against a basket of five currencies — the US dollar, euro, Chinese renminbi, Japanese yen and pound sterling.

Exams:BankingSSCUPSCState PSC

🏆 Sports

🏆 Sports📅 August 9, 2026

Ashmita Chaliha Wins Korea Masters for Maiden BWF World Tour Title

Indian shuttler Ashmita Chaliha won the women’s singles title at the Korea Masters 2026 in Asan on 9 August 2026, beating China’s Han Qianxi after losing the opening game.

Key Facts

  • Chaliha won 14-21, 21-14, 21-14 in 53 minutes against fourth seed Han Qianxi, ranked world number 35.
  • The Korea Masters is a BWF World Tour Super 300 event. This was Chaliha’s maiden BWF World Tour title and her first appearance in a World Tour final.
  • The 26-year-old left-hander from Assam is the first Indian to win the Korea Masters. She trains under coach Park Tae-sang.
  • She became the fifth Indian woman to win a BWF World Tour Super 300 or higher title, after Saina Nehwal, P. V. Sindhu, Devika Sihag and Tanvi Sharma.
  • She is the fourth Indian woman to win a singles BWF World Tour title in 2026, following P. V. Sindhu at the Japan Open, Devika Sihag at the Thailand Masters and Tanvi Sharma at the Taipei Open.
  • On the way to the title she beat top seed Hina Akechi of Japan in the quarter-finals and compatriot Rakshitha Ramraj in an all-Indian semi-final.

📌 Why It Matters

Individual title wins by Indian athletes, especially firsts, are reliably asked in SSC, Railway and Banking General Awareness sections.

🧠 Static GK Connect

The Badminton World Federation was founded in 1934 and is headquartered in Kuala Lumpur, Malaysia. The BWF World Tour is graded from Super 100 up to Super 1000 and the season-ending World Tour Finals. India’s badminton Olympic medallists are Saina Nehwal (bronze, London 2012) and P. V. Sindhu (silver, Rio 2016 and bronze, Tokyo 2020).

Exams:SSCRailwayBankingState PSCUPSC
🏆 Sports📅 August 7–9, 2026

India Equals Best-Ever Haul at World Athletics U20 Championships with Three Medals

India won three medals at the World Athletics Under-20 Championships in Eugene, matching the country’s best-ever tally at the event, with two historic firsts in the jumps.

Key Facts

  • Ashish Yadav won silver in the men’s javelin throw with a best of 74.09 metres on Friday, 7 August 2026, becoming only the second Indian after Neeraj Chopra to win a javelin medal at these championships.
  • Basant Kumar Meghwal won silver in the men’s high jump on Saturday, 8 August 2026, clearing a personal-best-equalling 2.21 metres and taking silver on countback. He is the first Indian to win a high jump medal at these championships.
  • Shahnavaz Khan won bronze in the men’s long jump with 7.84 metres, becoming the first Indian man to win a long jump medal at the junior world championships.
  • The haul of two silver and one bronze equals India’s best performance, matching the 2021 and 2022 editions.
  • In the javelin, gold went to Jan-Hendrik Heymans of South Africa with 80.50 metres and bronze to Addison James of Dominica with 73.89 metres. In the high jump, Younes Ayachi of Algeria took gold and Otis Poole of Great Britain bronze.
  • The 19-year-old Meghwal had won gold at the Asian U20 Athletics Championships in Hong Kong in May 2026 with a clearance of 2.20 metres.

📌 Why It Matters

Athletics milestones and firsts by Indian athletes are frequently asked, and the Neeraj Chopra and Hima Das links make this a strong static-plus-current combination question.

🧠 Static GK Connect

India has won only two golds in the history of the World Athletics U20 Championships: Neeraj Chopra in the javelin throw in 2016 at Bydgoszcz, Poland, with a world under-20 record of 86.48 metres, and Hima Das in the women’s 400 metres in 2018 at Tampere, Finland. Eugene, Oregon also hosted the senior World Athletics Championships in 2022.

Exams:SSCRailwayBankingState PSCUPSC

📊 Reports & Indices

📊 Reports & Indices📅 August 7, 2026

FAO Food Price Index Hits Three-Year High on Wheat and Vegetable Oils

The Food and Agriculture Organization of the United Nations reported on 7 August 2026 that its Food Price Index averaged 131.1 points in July 2026 — the highest reading since January 2023.

Key Facts

  • The index rose 0.7 points, or 0.6 per cent, from June’s 130.3 points, and was 1.0 per cent higher than July 2025.
  • It remains 29.1 points, or 18.2 per cent, below its peak reached in March 2022 after Russia’s invasion of Ukraine.
  • The FAO Cereal Price Index averaged 113.8 points, up 3.4 per cent, driven by a 5.8 per cent jump in wheat prices on Black Sea export disruption fears and heat damage in key producing regions.
  • The FAO Vegetable Oil Price Index averaged 195.7 points, its highest level since June 2022. Sugar rose 5.6 per cent, while meat fell 2.8 per cent and dairy fell 0.7 per cent.
  • FAO Chief Economist Maximo Torero attributed the pressure to the wars in Iran and Ukraine combined with El Nino, creating higher costs and lower crop yields.

📌 Why It Matters

The FAO Food Price Index is a recurring Reports and Indices question, and global food inflation links directly to India’s own inflation management discussed in the RBI policy this week.

🧠 Static GK Connect

The FAO was established on 16 October 1945 and is headquartered in Rome, Italy. World Food Day is observed on 16 October. The FAO Food Price Index tracks five commodity groups — cereals, vegetable oils, dairy, meat and sugar — weighted by average export shares over 2014-2016.

Exams:UPSCBankingSSCState PSC

📅 Important Days

📅 Important Days📅 August 7, 2026

India Observes 12th National Handloom Day on 7 August

India observed the 12th National Handloom Day on 7 August 2026, honouring handloom weavers and artisans and marking the anniversary of the Swadeshi Movement.

Key Facts

  • The date commemorates the Swadeshi Movement, formally launched on 7 August 1905 at the Calcutta Town Hall.
  • National Handloom Day was instituted by the Government of India in 2015. The first observance was on 7 August 2015, launched by Prime Minister Narendra Modi in Chennai.
  • Official data cited in the 2026 observance puts the sector at 35.22 lakh handloom weavers and allied workers, making it one of India’s largest cottage industries.
  • The Ministry of Textiles is the nodal ministry for the observance.
  • As part of the 2026 celebrations, the Ministry of Textiles organised the Weaves of India Festival at the Central Cottage Industries Emporium, Janpath, New Delhi, showcasing heritage handloom weaves from across the country.

📌 Why It Matters

Important Days with a freedom-struggle link are heavily favoured in SSC and Railway General Awareness, and the Swadeshi Movement connection makes this a combined History and Current Affairs item.

🧠 Static GK Connect

The Swadeshi Movement began in response to the announcement of the Partition of Bengal by Lord Curzon in 1905; the partition took effect on 16 October 1905 and was annulled in 1911. Sant Kabir Handloom Awards and National Handloom Awards are conferred on outstanding weavers.

Exams:SSCRailwayUPSCState PSCTeachingBanking
🧠

🧠 Static GK Refresher

Connect this week's news with evergreen facts that exams love

The RBI kept the repo rate unchanged at 5.25 per cent on 5 August 2026.

The repo rate is the rate at which the RBI lends short-term funds to commercial banks against government securities. The reverse repo is the rate at which the RBI borrows from banks. The Standing Deposit Facility, introduced in April 2022, absorbs liquidity without collateral.

The RBI revised its FY 2026-27 GDP growth projection upward to 6.7 per cent.

GDP estimates in India are released by the National Statistics Office under the Ministry of Statistics and Programme Implementation. The financial year runs from 1 April to 31 March.

India’s foreign exchange reserves rose to USD 692.866 billion.

Foreign exchange reserves are managed by the RBI under the Foreign Exchange Management Act, 1999, which replaced FERA, 1973. Reserves are commonly assessed by the number of months of imports they can cover.

The FAO Food Price Index reached a three-year high in July 2026.

The FAO is a specialised agency of the United Nations established on 16 October 1945, headquartered in Rome. Other major food and agriculture bodies include IFAD and the World Food Programme, which won the Nobel Peace Prize in 2020.

Har Ghar Tiranga 2026 is dedicated to 150 years of Vande Mataram.

The National Flag’s Ashoka Chakra has 24 spokes and is taken from the Lion Capital of Ashoka at Sarnath. The flag’s length-to-width ratio is 3:2. The Flag Code of India, 2002 governs its display.

India observed the 12th National Handloom Day on 7 August 2026.

The Swadeshi Movement of 1905 promoted indigenous goods and boycott of foreign products. Famous Indian handloom traditions with GI tags include Banarasi silk, Pochampally Ikat, Chanderi, Kanchipuram silk, Muga silk of Assam and Baluchari of West Bengal.

Jharkhand students demanded a CBI probe into JPSC and JSSC examination irregularities.

The Central Bureau of Investigation was established in 1963 and functions under the Department of Personnel and Training. It needs the consent of a state government under the Delhi Special Police Establishment Act, 1946 to investigate within that state, unless directed by a constitutional court.

Abelardo de la Espriella became President of Colombia.

Colombia lies in north-western South America and shares borders with Panama, Venezuela, Brazil, Peru and Ecuador. The Andes mountains run through the country, and the Amazon and Orinoco river basins extend into its territory.

The US Senate passed a bill authorising tariffs on buyers of Russian energy.

Secondary sanctions target third-country entities that trade with a sanctioned state. India’s major crude oil suppliers besides Russia include Iraq, Saudi Arabia, the United Arab Emirates and the United States. The Strategic Petroleum Reserves of India are located at Visakhapatnam, Mangaluru and Padur.

Ashmita Chaliha won the Korea Masters 2026, a BWF Super 300 event.

India’s major badminton team titles include the Thomas Cup won in 2022, the first for the men’s team. The All England Open is badminton’s oldest tournament, first held in 1899; Pullela Gopichand won it in 2001 and Prakash Padukone in 1980.

India won three medals at the World Athletics U20 Championships in Eugene.

Neeraj Chopra won India’s first Olympic athletics gold in the javelin throw at Tokyo 2020, held in 2021, and silver at Paris 2024. World Athletics, formerly the IAAF, was founded in 1912 and is headquartered in Monaco.

🧠

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⚠️ Accuracy Note: This summary is provided for reference and quick revision only. Mistakes are possible, so always cross-check important details — dates, names, figures, and notifications — with the official source before relying on them for your exam preparation.

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