Current Affairs Today

We are here for you to provide the important Recent and Latest Current Affairs August 7 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

Our Current Affairs August 2026 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2026 PDF which will be a pedestrian to crack your exams.

Dear Aspirants,
With effect from 26 January 2026, the Exam Hint and In-Depth Content of articles (news) will be available exclusively in our Daily PDF (Toppers CA PDF).
To access the DailyScoop PDF, please subscribe to the Crack Current Course on the CareersCloud app or website.

Read Current Affairs in CareersCloud APP, Course Name – Learn Current Affairs – Free Course –Click Here to Download the APP

We are Hiring – Subject Matter Expert – English | CA Video Creator | Content Developers(Pondicherry)

Click here for Current Affairs August 6 2026

Click here for Affairscloud Hindu Free Vocabs telegram channel

NATIONAL AFFAIRS

NITI Aayog Releases Report on “Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047”
In August 2026, the National Institution for Transforming India (NITI) Aayog released the report “Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047” in New Delhi, Delhi, outlining a roadmap to build an organised, professional and future-ready caregiving ecosystem through policy reforms, workforce development and institutional support.

• The report was released by Ashok Kumar Lahiri, Vice Chairperson, NITI Aayog, in the presence of Dr. R. Balasubramaniam, Member, NITI Aayog and Nidhi Chhibber, Chief Executive Officer (CEO), NITI Aayog, and senior officials from NITI Aayog.

About the Report:
Objectives: The report aims to improve quality of care, strengthen workforce welfare, enhance professional recognition, create employment opportunities and expand India’s role in the global caregiving economy.
Policy: The report recommends introducing a National Policy on Caregiving (NPC) and establishing a National Caregiver Council (NCC) to regulate caregiver training, accreditation, certification, quality standards, professional development and maintain a National Caregiver Registry.

Pawan Hans and Norway’s Noemi Aerospace Signs MoU to Explore Electric Seaplane Technology
In August 2026, Pawan Hans Limited (PHL), an enterprise under the Ministry of Civil Aviation (MoCA), signed a Non-Binding Memorandum of Understanding (MoU) with Norway’s Noemi Aerospace (Elfly AS), in New Delhi, Delhi, to explore collaboration opportunities in next-generation sustainable aviation technologies, including electric seaplane solutions.
Key Details of MoU:
Signatories: The MoU was signed by Sunil Kumar Nagdawne, Chairman & Managing Director (C&MD), PHL and Eric François Lithun, Chief Executive Officer (CEO), Noemi Aerospace in the presence of Union Minister Ram Mohan Naidu Kinjarapu, MoCA, and Samir Kumar Sinha, Secretary, MoCA.
Nature of Agreement: The agreement is non-binding and does not involve any financial commitment, procurement commitment, investment obligation, or exclusive arrangement.
Collaboration: The partnership will explore cooperation in electric seaplane technologies, skill development and capacity building, technical knowledge sharing through workshops, and feasibility studies for emerging aviation solutions.
Significance: The initiative aligns with the GoI’s vision of advancing green aviation, regional and island connectivity, innovation-driven growth, and emerging aviation technologies, while strengthening indigenous capabilities in sustainable aviation.

SCI Extends Mandatory Third-Party Insurance Cover for New Cars and Bikes by One Year
In August 2026, the Supreme Court of India (SCI), through a Bench comprising Justice Sanjay Karol and Justice Prashant Kumar Mishra, extended the mandatory third-party insurance period for newly purchased vehicles by one year to strengthen compliance with the Motor Vehicles Act (MVA), 1988.

• New cars will now have 4 years of third-party insurance coverage, while two-wheelers will have 6 years of coverage.

About Mandatory Third-Party Insurance Rules:
Third-party motor insurance: It is a mandatory insurance cover under the Motor Vehicles Act (MVA), 1988, provides legal liability cover for injury, death, or property damage caused to a third party by the insured vehicle.
Implementation: The SCI directed the Insurance Regulatory and Development Authority of India (IRDAI) to implement the revised insurance periods immediately and proposed a four-layer insurance policy framework with mandatory third-party cover and optional add-ons.
Fuel Station Enforcement: Directed the IRDAI and the Ministry of Road Transport and Highways (MoRTH) to explore a pilot project for implementing a “No Insurance, No Fuel” policy at petrol pumps.
About IRDAI: Established in 1999 as a statutory body under the IRDA Act, 1999, and headquartered in Hyderabad, Telangana.

BANKING & FINANCE

Highlights of RBI’s 3rd Bi-monthly Monetary Policy FY2026-27: Policy Rates kept Unchanged
The Reserve Bank of India (RBI) conducted the 62nd and 3rd Bi-monthly Monetary Policy Committee (MPC) meeting of Financial Year 2026-27 (FY27) from August 3 to 5, 2026 under the chairmanship of Sanjay Malhotra, Governor, RBI.

• The MPC members Dr. Nagesh Kumar, Saugata Bhattacharya, Ram Singh, Dr. Poonam Gupta and Indranil Bhattacharyya attended the meeting. 

RBI keeps the Repo Rate unchanged at 5.25% and Maintains ‘Neutral’ Stance
Rate Unchanged: The MPC voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.25%.

• Consequently, the Standing Deposit Facility (SDF) rate remains at 5.00% and the Marginal Standing Facility (MSF) rate and the Bank Rate at 5.50%.

Gross Domestic Product (GDP) Forecast: The RBI revised its Financial Year 2026-27 (FY27) GDP growth forecast upward to 6.7% from 6.6%, reflecting confidence in the domestic growth outlook.
Inflation Projection: CPI inflation for FY27 is now projected to be 5%, 10 basis points lower than our earlier projections of 5.1%.
Draft: The RBI released draft guidelines for on-tap licensing of urban co-operative banks (UCBs).

• On-tap licensing is a continuous licensing system under which eligible entities can apply for a UCB licence at any time, subject to RBI’s prescribed eligibility criteria.

Bajaj General Insurance Partners with Swiss Re Arm to Expand Commercial Insurance Offerings 
In August 2026, Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance company),  a leading private general insurer in India, signed a Memorandum of Understanding (MoU) with Swiss Re Corporate Solutions, commercial insurance arm of Zurich (Switzerland)-based Swiss Re Group, to explore a partnership in India’s commercial insurance segment.
Key Details of MoU:
Aim: Both companies aim to offer international programmes for Indian business with overseas operations and to help them manage risks across multiple jurisdictions.
Key Role: The strategic partnership will combine Bajaj General Insurance’s strong local market presence with Swiss Re’s global risk knowledge and commercial capabilities to provide underwriting expertise for sectors such as high technology and manufacturing.
Leveraging Swiss Re Platform: Under the proposed arrangement, subject to regulatory approvals and definitive agreements, both companies will use Swiss Re’s International Programs platform to develop structured international insurance programs for Indian companies operating overseas.
About Bajaj General Insurance: Established in 2001, Bajaj General Insurance is a subsidiary of Bajaj Finserv Limited, India’s leading and most diversified financial services group.It is headquarters in Pune, Maharashtra.

AWARDS & RECOGNITIONS

IIA Director Annapurni Subramaniam Won COSPAR Vikram Sarabhai Medal 2026 in Italy
In August 2026, distinguished Indian astrophysicist Annapurni Subramaniam, Director of Indian Institute of Astrophysics (IIA), Bengaluru (Karnataka), was honoured with the Committee on Space Research (COSPAR) Vikram Sarabhai Medal 2026 for her exceptional contribution to space research in developing countries.

• With this, she became the 4th Indian, the first Indian woman scientist, and only the 3rd woman globally to receive the honour.
• The medal was officially presented during the ongoing 46th COSPAR Scientific Assembly which is being held at Florence, Italy.

About COSPAR Vikram Sarabhai Medal:
Background: The medal was established in 1990 in the honour of Vikram Sarabhai, who is considered father of Indian space programme and founder of India Space Research Organisation (ISRO).
Biennial Award: The medal is awarded jointly by COSPAR, an international body affiliated to the International  Science Council (ISC) and United Nations (through UN-COPUS); and the Indian Space Research Organisation (ISRO) every two years.
Previous Indian Recipients: Previously, only 3 Indian scientists  received the medal: Anil Bharadwaj, Director of PhysicalResearch Laboratory (PRL) of ISRO  (2024); famous physicist Gurbax Singh Lakhina (2014) and eminent scientist and Bharat Ratna Udupi Ramachandra (UR) Rao, former chairman of ISRO (1996).

APPOINTMENTS & RESIGNATIONS

ACC Approves Key Foreign Postings of Senior Bureaucrats to IMF, ADB & Other Global Bodies 
In August 2026, the Department of Personnel and Training (DoPT), under the Ministry of Personnel, Public Grievances and Pensions (MoPP&P), approved key foreign postings of senior bureaucrats through the Appointments Committee of the Cabinet (ACC) to various international organisations, including the International Monetary Fund (IMF), Asian Development Bank (ADB), World Bank (WB) and World Trade Organization (WTO).
Key Appointments :
IMF Adviser:  Rahul Jain has been appointed as Senior Adviser to the Executive Director (India), IMF for 3 years.

• He is a 2005-batch Indian Administrative officer (IAS) officer of Madhya Pradesh (MP) cadre and currently serving as the Joint Secretary, Ministry of Corporate Affairs (MoCA).

ADB Adviser:  Baldeo Purushartha has been appointed as Senior Adviser to the Executive Director(ED), ADB, Manila, Philippines for 3 years. He is a 2002-batch IAS officer of Punjab cadre and currently Joint Secretary, Department of Economic Affairs.
ICAO Representative:  Satyajit Mohanty has been appointed as Representative of India in the Council of the ICAO for 3 years.

• He is currently serving as the Joint Secretary, Ministry of Defence (MoD).

Air India Board  Appoints Tewolde Gebremariam as CEO & MD 
In August 2026, Air India, an Indian airline, appointed Tewolde Gebremariam, former Chief Executive Officer (CEO) of Ethiopian Airlines Group, as its new Chief Executive Officer and Managing Director (CEO & MD).

• He succeeded Campbell Wilson, who stepped down from the role in April 2026.

About Tewolde Gebremariam:
Profile:  Tewolde Gebremariam, an Ethiopian aviation executive, served as CEO of Ethiopian Airlines Group for over a decade (2011–2022), transforming it into Africa’s largest and most profitable airline group.
Expertise:  He brings experience in international network expansion, hub operations, Maintenance, Repair and Overhaul (MRO) infrastructure, aviation training, safety management and workforce development.
Security Clearance:   His joining is subject to mandatory clearance from the Ministry of Home Affairs (MHA) and Bureau of Civil Aviation Security (BCAS).
About Air India: Established in 1932 by J.R.D. Tata, Air India is India’s global airline, headquartered in Gurugram, Haryana, and has been owned by Tata Sons since 2022.

Cabinet Approves One-Year Extension for Cabinet Secretary T.V. Somanathan
In August 2026, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved a one-year extension in the service of T. V. Somanathan, Indian Administrative Service (IAS), Cabinet Secretary of India, whose current tenure was scheduled to end on 30th August 2026.

• He assumed charge as the 33rd Cabinet Secretary of India on 30 August 2024, succeeding Rajiv Gauba.

Key Details of Extension:
About Cabinet Secretary: It is the senior-most civil servant in the Government of India (GoI) and serves as the head of the Cabinet Secretariat.

• The position is generally held by an IAS officer and plays a key role in coordinating among ministries and facilitating the functioning of the Union Government.

Regulation: The service extensions were granted by relaxing the provisions under Fundamental Rule 56(d) and Rule 16(1A) of the All India Services (Death-cum-Retirement Benefits) Rules, 1958.
Other approval: ACC also granted a one-year service extension to Union Home Secretary Govind Mohan, a 1989-batch IAS officer of Sikkim cadre, Ministry of Home Affairs (MHA), beyond August 22, 2026, until August 22, 2027.

OBITUARY

Justice Manmohan Singh Liberhan Passed Away at 87
In August 2026, Justice Manmohan Singh Liberhan, former Chief Justice(CJ) of the Madras High Court(HC) and Andhra Pradesh (AP) HC, passed away at the age of 87.

• He was born on 11 November 1938 near Chandigarh.

About M.S. Liberhan: 
Profile:  He began his legal practice at the Punjab and Haryana HC in 1964. He was elevated as a HC judge in 1987.
Liberhan Commission:  He was appointed chairman of the one-man Liberhan Ayodhya Commission of Inquiry by the then Prime Minister (PM) P.V. Narasimha Rao to investigate the1992 Babri Masjid demolition in Ayodhya, Uttar Pradesh (UP).
Report: The commission was appointed on 16 December 1992 under the Commissions of Inquiry Act, 1952 and submitted its report on 30 June 2009 after 17 years and 48 extensions.

IMPORTANT DAYS

National Javelin Day 2026 – August 7 
National Javelin Day is observed annually across India on 7 August to commemorate Neeraj Chopra’s historic gold medal victory in the Men’s Javelin Throw event at the Tokyo Olympics 2020 and to promote the sport of javelin throw in India.

• 2026 marks the observance of the 5th National Javelin Day.

Background:
Declaration:   The Athletics Federation of India (AFI) declared 7 August as National Javelin Day in 2021 to honour Neeraj Chopra’s achievement and promote javelin throw.
Observance:  The first National Javelin Day was observed on 7 August 2022.

STATE NEWS

TN Finance Minister N Marie Wilson Presents TVK Government’s First Budget 
In August 2026, N. Marie Wilson, Finance Minister (FM) of Tamil Nadu (TN) government presented the Tamilaga Vettri Kazhagam (TVK)-led government’s maiden budget for Financial Year 2026-27 (FY27) in the state assembly in Chennai (TN).

• The state government  has set an ambitious target of becoming a USD 1.5 trillion economy by 2031, with special focus on Artificial Intelligence (AI), industrial expansion, education, infrastructure, and social welfare.

Key Highlights of Budget:
Financial Indicators: The state government has estimated its revenue receipts at Rs. 3,50,027 crore in the Revised Budget estimates for FY27, including Rs 2,26,740 crore from State’s Own Tax Revenues (SOTR) which accounts for 72.73% of the total revenue receipts.

• The fiscal deficit estimated at 3% of Gross State Domestic Product (GSDP) is the same as projected in the interim budget for FY27.

Key Allocations: Education (Rs 52,920 crore); health (Rs 23,357 crore); energy (Rs 15,828 crore); social welfare (Rs 9,818 crore), among others.
Gold Assistance Schemes: The Budget allocated over Rs. 1,300 crore for two new schemes: Rs. 812 crore for ‘Annan Seer Thittam’, providing 8 grams of gold and a silk saree to eligible women for marriage, and Rs. 560 crore for ‘Thaimaman Thanga Mothiram Thittam’, under which babies born in government hospitals will receive a gold ring.
Key Announcements: Some of the key announcements include: setting up of 10 Olympic Centres of Excellence (CoEs) (Rs 50 crore); free electricity limit raised to 200 units (bi-monthly) (Rs 1,545 crore); 1,000 AC e-buses will be introduced for Chennai Metropolitan Transport Corporation Limited (MTC) (Rs 500 crore); among others.

*******

Current Affairs Today (AffairsCloud Today)