Daily Current Affairs Quiz | NABARD Grade A & RBI Grade B | Economy, Banking & Agriculture
Daily Current Affairs for NABARD Grade A and RBI Grade B 2026 covering the most important developments in Indian Economy, Banking, RBI, Agriculture, Rural Development, Government Schemes, Financial Markets, Reports & Indices, International Relations, Environment and Science & Technology.
NABARD Current Affairs
Agriculture Current Affairs in News
1. Integrated Fertilizer Management System (iFMS)
Source: Mint
Context: The government is turning its fertiliser management into a data-driven platform, linking sales with farmer, land and crop records and tracking supplies from production to retail — through the Integrated Fertilizer Management System (iFMS).
Aim: spot supply gaps and unusual buying patterns early, while making subsidy payouts more transparent.
What is iFMS?
The Integrated Fertilizer Management System (iFMS) is a web-based system of the Government of India used to monitor and manage the availability, movement, distribution and sale of fertilizers across the country.
It helps the government track fertilizers from manufacturers/importers → wholesalers → retailers → farmers.
Key Objectives
- Ensure timely availability of fertilizers to farmers.
- Monitor the supply and movement of fertilizers across States and districts.
- Track fertilizer stocks at different levels.
- Help prevent shortages, diversion and black marketing.
- Support better management of fertilizer subsidy.
- Provide data for policy-making and supply planning.
How does it work?
Production/Import
↓
Fertilizer companies
↓
Movement to States
↓
Wholesalers
↓
Retailers
↓
Farmers
The system captures information related to fertilizer production, dispatch, transportation, stock and sales.
2. The Spoon-tailed Duskhawker
Source: TOI
Context: Researchers documented the first verifiable photographic record of the rare Spoon-tailed Duskhawker (Gynacantha basiguttata) along the Miao-Vijaynagar Road inside Namdapha National Park and Tiger Reserve, Arunachal Pradesh.
About the species
- Scientific name: Gynacantha basiguttata
- Common name: Spoon-tailed Duskhawker
- Order: Odonata
- Family: Aeshnidae
- Type: Large predatory dragonfly
- It is associated with Southeast Asia, with the species originally described from the Philippines.
- It is notable for its spoon-shaped terminal appendages, which give it its common name.
- It is also known for crepuscular behaviour, meaning it is particularly active around dawn and dusk.
About Namdapha National Park
- Located in Changlang district, Arunachal Pradesh
- India’s easternmost tiger reserve
- The only protected area in the world where four large cats occur: tiger, leopard, snow leopard and clouded leopard
- Home to the endemic Namdapha flying squirrel (Critically Endangered)
- Borders Myanmar
3. Neelakurinji-like Bloom in Kudremukh Hills
Source: The Hindu
Context: A rare blue-violet flower resembling Neelakurinji has bloomed along trekking trails in the Kudremukh region of Chikkamagaluru district, Karnataka — attracting trekkers and nature enthusiasts.
Neelakurinji-like Bloom in Kudremukh Hills
- A mass flowering event has added a striking blue-purple appearance to parts of the Kudremukh Hills in Karnataka.
- The flowering has been compared to the famous Neelakurinji (Strobilanthes kunthiana) bloom of the Western Ghats.
About Neelakurinji
- Scientific name: Strobilanthes kunthiana
- Family: Acanthaceae
- Famous for blooming once in 12 years
- Found in the shola grasslands of the Western Ghats, chiefly in Kerala, Tamil Nadu and Karnataka
- The Nilgiri Hills take their name from it — nilgiri meaning “blue mountains”
- Added to Schedule III of the Wildlife (Protection) Act, 1972 in 2024, giving it legal protection
- The last major bloom in the Munnar region was in 2018
About Kudremukh
- Located in Chikkamagaluru district, Karnataka, in the Western Ghats
- Kudremukh National Park is the second largest protected area of tropical wet evergreen forest in the Western Ghats
- The name means “horse face” in Kannada, from the shape of a peak
- Kudremukh peak is among Karnataka’s highest, at about 1,894 m
- Source of three rivers: the Tunga, Bhadra and Nethravathi
- Part of the Western Ghats UNESCO World Heritage Site
- Notable for shola-grassland ecosystems, the habitat where Kurinji species occur
4. Carcass Dump Relocation Reduces Vulture Electrocution in Dehradun
Source: The Hindu
Context: A decade-old study published in the Journal of Threatened Taxa suggests that relocating a livestock carcass dump 2.4 km away from high-tension power infrastructure near Dehradun, Uttarakhand, may have saved vultures from electrocution.
The Threats Vultures Face
- Poisoning
- Veterinary non-steroidal anti-inflammatory drugs (NSAIDs)
- Food scarcity
- Habitat loss
Important Facts for Exams
- Study published in the Journal of Threatened Taxa; conducted at Sudhauwala, Dehradun
- Species affected: Himalayan griffon, Eurasian griffon, cinereous vulture
- Wildlife Institute of India is based at Dehradun
- Diclofenac was banned for veterinary use in 2006; meloxicam is the safe substitute
- Indian vulture species: White-rumped, Indian (long-billed), Slender-billed, Red-headed, Egyptian, Himalayan griffon, Eurasian griffon, Cinereous, Bearded
- White-rumped, Indian, Slender-billed and Red-headed vultures are Critically Endangered (IUCN)
- Action Plan for Vulture Conservation 2020-25; Vulture Conservation Breeding Centres at Pinjore, Rajabhatkhawa and Rani
5. Gangaichthys indonepalicus — New Subterranean Fish
- New subterranean fish discovered in West Champaran, Bihar, near the Nepal border.
- First recorded subterranean fish from the Indo-Gangetic Basin.
- Important for biodiversity, taxonomy and aquatic ecosystems.
6. Applications of Remote Sensing in Governance
- Remote sensing supports agriculture, forest management, disaster management and resource planning.
- Provides large-area spatial data for evidence-based governance.
- Important application: agricultural monitoring and natural-resource management.
Schemes in News
1. MGNREGA Workers Migrated to VB-G RAM G
- All workers registered under MGNREGA have been migrated to VB-G RAM G.
- Migration applies even where e-KYC has not been completed.
- Important for rural employment, beneficiary identification and digital governance.
2. BHU–CII E2EE Career Lounge
- Provides skill training, internships, placements, career counselling and entrepreneurship support.
- Connects higher education with employability and entrepreneurship.
- Relevant to rural youth skilling and employment.
Reports/Articles in News
1. Ease of Doing R&D in India — NITI Aayog
- Nearly 80% of ANRF funding is concentrated in IITs.
- India lacks a standardised system to track who receives R&D funds, from which agency and for what purpose.
- Proposed UPMS requires Persistent Digital Identifiers (PIDs) and metadata infrastructure.
2. Forex Reserves
- India’s forex reserves reached a record $729.3 billion.
- Reserves provide around 11 months of import cover.
- Important for external-sector resilience and macroeconomic stability.
PIB in News
1. DoT–C-DOT Optical Network Testbed
- DoT and C-DOT signed a 5-year agreement for an end-to-end optical network testbed.
- It will test indigenous optical and quantum-security technologies.
- Focus: bridging R&D innovation and commercial deployment.
2. CISF–Drone Federation of India MoU
- Partnership focuses on counter-drone capabilities for critical infrastructure.
- Behror, Rajasthan, will develop a Centre of Excellence.
- Includes drone detection, counter-drone systems and drone forensics.
3. ICAR / Agricultural Research Link
- Research ecosystem reforms are important for improving agricultural R&D, technology transfer and innovation.
- Greater coordination among research agencies can reduce duplication of publicly funded research.
RBI and NABARD Current Affairs
Banking and Finance
1. India’s Forex Reserves at Record High
- Forex reserves reached $729.3 billion for the week ended 21 August 2026.
- Around $47 billion was added after RBI’s swap scheme announced on 5 June.
- Reserves now cover approximately 11 months of imports.
2. Current Account Deficit
- India’s CAD was around 0.6% of GDP in 2025–26.
- Lower CAD indicates relatively stronger external-sector stability.
- Important for RBI, balance of payments and exchange-rate management.
Economy in News
1. The PARIVARTAN Scheme
Source: News on Air
Context: The newly launched PARIVARTAN Scheme has gained rapid traction — registering over 1,300 beneficiaries, onboarding 42 banks and NBFCs, and partnering with 15 auto OEMs across Delhi-NCR.
What It Is
PARIVARTAN — Programme for Accelerated Renewal and Incentivization of Vehicle Assets for Reducing Transport Air Pollution and Network Emissions
- A vehicle scrappage and fleet renewal programme
- Replaces pre-BS-IV and BS-IV commercial trucks and buses registered in Delhi-NCR
- With BS-VI compliant or electric vehicles
About
- Implementing Ministry: Road Transport and Highways (MoRTH)
- Funding Agency: National Capital Region Planning Board (NCRPB), under the Ministry of Housing and Urban Affairs
- Aim: phase out and replace over 2 lakh older, high-emission commercial trucks and buses across the NCR, to curb vehicular air pollution and particulate emissions.
2. India–Canada Comprehensive Economic Partnership Agreement
Source: The Hindu
Context: India and Canada reaffirmed their commitment to conclude negotiations for a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026.
Key Features
| Key Feature | Main Points |
|---|---|
| CEPA by 2026 | Conclude negotiations by year-end 2026 |
| Trade Expansion | Increase bilateral trade to about CAD 70 billion by 2030 |
| Investment Protection | Begin BIT negotiations for greater investor certainty and protection |
| Digital Payments & Fintech | Cooperation in UPI, remittances, fintech, capital markets, financial stability & financial crime prevention |
| Strategic Investments | Focus on critical minerals, AI, technology, infrastructure, energy & resilient supply chains, with greater Canadian institutional and pension fund participation |
What CEPA Is
- A broad trade and economic agreement aimed at:
- Liberalising trade
- Promoting investment
- Strengthening financial and commercial ties
- Aim: expand bilateral trade and investment, reduce trade barriers, deepen financial cooperation, and create a predictable framework for businesses and investors.
3. The Javelin Missile System
Source: TH
Context: India signed a Letter of Offer and Acceptance (LOA) with the United States to procure the FGM-148 Javelin anti-tank guided missile (ATGM) system through the Foreign Military Sales (FMS) route, under emergency procurement powers.
What It Is
- An American-made, shoulder-fired, man-portable third-generation Anti-Tank Guided Missile (ATGM)
- Widely recognised as one of the world’s premier precision infantry weapons
- Designed to neutralise main battle tanks, armoured fighting vehicles, fortified bunkers and low-flying helicopters
About
- Produced by: the Javelin Joint Venture (JJV) — a partnership between Raytheon (RTX) and Lockheed Martin
- Entered service: 1996, with the US Armed Forces; extensively combat-tested globally
- Aim: give dismounted infantry a lightweight, highly survivable, point-and-shoot weapon capable of defeating advanced armour without wire guidance or stationary exposure after launch.
4. Sovereign AI — Gnani Artha
- Gnani Artha is an indigenous sovereign AI stack comprising Evon 3.3 and Plexus.
- Evon 3.3 is a 30-billion-parameter open-weights LLM.
- Focus: data sovereignty, Indian languages and reduced dependence on foreign AI systems.
5. India–Taiwan Industrial Collaboration
- FICCI and CNFI organised the 10th Taiwan–India Industrial Collaboration Summit.
- Six MoUs were signed covering electronics, green technologies, smart automotive components and recycling.
- Shows India’s growing integration with global manufacturing and technology supply chains.
6. GCAP Dialogue Partner
- India obtained Dialogue Partner status in the Global Combat Air Programme (GCAP).
- GCAP involves UK, Italy and Japan.
- Relevant to India’s defence technology, strategic autonomy and future aerospace capabilities.
Social Issue in News
1. MGNREGA to VB-G RAM G Migration
- Migration of all MGNREGA workers to VB-G RAM G is important for rural employment administration.
- e-KYC completion is not mandatory for migration.
- Relevant to rural livelihoods, social security and digital inclusion.
2. E2EE Career Lounge
- BHU–CII initiative focuses on education-to-employment and entrepreneurship.
- Provides counselling, internships, apprenticeships, placement assistance and skill development.
- Relevant to youth employment and human-capital development.
Misc GA in News
1. International Day Against Nuclear Tests
- Observed annually on 29 August.
- Declared by UNGA Resolution A/RES/64/35 in 2009.
- The date commemorates the closure of the Semipalatinsk Nuclear Test Site in Kazakhstan in 1991.
2. NASA — Nancy Grace Roman Space Telescope
- NASA launched the Nancy Grace Roman Space Telescope on 30 August 2026.
- Important for research on dark energy, exoplanets and the infrared universe.
- Important Science & Technology GA for competitive exams.
3. India–USA Javelin Deal
- Indian Army signed a $93 million deal for nearly 100 Javelin ATGMs.
- Javelin is a fire-and-forget, infrared-guided anti-tank missile.
- Relevant to India–US defence cooperation and defence indigenisation.
Miscellaneous GA
1. Tim Cook Steps Down as Apple CEO
- Tim Cook ends his tenure as Apple CEO on 31 August 2026.
- John Ternus takes over as CEO.
- Important corporate appointment.
2. King Haakon VIII of Norway
- Crown Prince Haakon succeeds King Harald V as King Haakon VIII.
- He becomes Norway’s Head of State.
- Important international appointment.
3. Peyman Kargar — TVS Motor
- Peyman Kargar will become TVS Motor’s CEO and Director from 27 January 2027.
- He succeeds K.N. Radhakrishnan.
- Has more than 30 years of global automotive experience.
4. DARPG — Rajbhasha Utkrishtta Sammaan
- DARPG selected for Rajbhasha Utkrishtta Sammaan 2025–26.
- Recognised for its performance in implementing Hindi as Official Language.
- Award to be presented on Hindi Diwas, 14 September 2026.
5. YJ-18A Missile
- China reportedly tested a new stealth-coated YJ-18A anti-ship cruise missile variant.
- Radar-absorbing coating is intended to reduce radar reflection.
- Important Defence & Science and Technology current affair.
6. Meera Behn & Subhadra Kumari Chauhan
- Indian Coast Guard decommissioned two Fast Patrol Vessels after around two decades of service.
- Used for maritime security and coastal surveillance.
- Important Defence GA.
7. China–Bangladesh 2+2 Dialogue
- China and Bangladesh are preparing for their first 2+2 diplomatic and defence dialogue.
- Combines foreign affairs and defence-level engagement.
- Important for India’s neighbourhood and regional geopolitics.
8. Sone River Water Pact
- Bihar and Jharkhand are scheduled to sign a Sone River water-sharing agreement.
- Intended to resolve a 25-year-old inter-state water dispute.
- Important for federalism, river-water sharing and Bihar/Jharkhand geography.
