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5 August 2026 Current Affairs | UPSC, SSC, Banking, Railway & Defence Exams
Daily Current Affairs

5 August 2026 Current Affairs

Read the latest 5 August 2026 Current Affairs covering RBI Repo Rate, GDP Growth Forecast, Digital Arrest Scams, Bankers' Books Evidence Bill, Taxation Amendment Bill and more for UPSC, SSC, Banking, Railway, Defence and State PSC exams.

📅 ⏱ 10 Min Read ✍ JobHarGhar Editorial Team 🎯 Easy
15 Topics
10 MCQ Questions
Economy

RBI Keeps Repo Rate Unchanged at 5.25%

Why in News

The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 5.25% at the conclusion of its August monetary policy meeting, marking the fourth consecutive policy meeting without a rate change.

Highlights

  • Repo rate retained at 5.25%.
  • Fourth consecutive policy meeting without a rate change.
  • RBI balanced inflation risks against economic growth.

Important Facts

  • The Monetary Policy Committee decided to maintain the existing repo rate.
  • Inflationary pressures remained an important consideration for the RBI.
  • The policy decision reflected the central bank's effort to balance price stability with economic growth.

Static GK

  • Repo rate is the interest rate at which the Reserve Bank of India lends short-term funds to commercial banks.
  • The Monetary Policy Committee is responsible for determining India's policy repo rate.

Exam Importance

RBI monetary policy, repo rate and inflation are highly important topics for Banking, RBI Grade B, UPSC, SSC and State PSC examinations.

Memory Trick

RBI August 2026 = Repo Rate 5.25% + No Change.

Important Terms

Reserve Bank of India Repo Rate Monetary Policy Committee Inflation
Economy RBI Repo Rate Monetary Policy
Economy

RBI Raises FY27 GDP Growth Forecast to 6.7%

Why in News

Along with its August monetary policy decision, the Reserve Bank of India reportedly raised its real GDP growth projection for FY2026-27 from 6.6% to 6.7%, indicating confidence in domestic economic activity.

Highlights

  • FY27 GDP growth forecast raised to 6.7%.
  • Earlier projection stood at 6.6%.
  • Revision reflects confidence in domestic economic activity.

Important Facts

  • The revised projection represents an increase of 0.1 percentage point.
  • The outlook remains subject to inflationary and external economic risks.
  • Domestic economic activity continues to support India's growth outlook.

Static GK

  • GDP stands for Gross Domestic Product and measures the value of final goods and services produced within an economy.
  • Real GDP measures economic output after adjusting for changes in prices.

Exam Importance

GDP forecasts, economic growth and RBI projections are important topics for UPSC, Banking, RBI, SSC and State PSC examinations.

Memory Trick

FY27 Growth = 6.6% to 6.7%.

Important Terms

GDP FY2026-27 RBI Economic Growth
Economy GDP RBI Current Affairs
Cybersecurity

Supreme Court Issues Nationwide Directions Against 'Digital Arrest' Scams

Why in News

The Supreme Court of India issued nationwide directions aimed at strengthening action against rapidly increasing 'digital arrest' scams involving cybercriminals impersonating police officers and other government authorities.

Highlights

  • Supreme Court issued nationwide directions.
  • Directions target digital arrest scams.
  • Better coordination among investigating authorities emphasized.

Important Facts

  • Digital arrest scams involve fraudsters impersonating police or government officials.
  • Victims may be threatened with arrest or legal action to force them to transfer money.
  • The directions seek stronger mechanisms for investigation and coordination against such cybercrime.

Static GK

  • The Supreme Court of India is the country's highest judicial authority.
  • Cybercrime includes criminal activities involving computers, communication networks and digital platforms.

Exam Importance

Cybersecurity, cyber fraud and Supreme Court developments are important topics for UPSC, SSC, Banking and State PSC examinations.

Memory Trick

Digital Arrest = Fake Authority + Fear + Financial Fraud.

Important Terms

Digital Arrest Supreme Court Cybercrime Online Fraud
Cybersecurity Supreme Court Digital Arrest Current Affairs
Polity

Lok Sabha Takes Up Bankers' Books Evidence Bill

Why in News

The Lok Sabha was scheduled to consider the Bankers' Books Evidence Bill, 2026 during the Monsoon Session, with the proposed legislation dealing with the legal recognition and use of banking records as evidence in an increasingly digital banking environment.

Highlights

  • Bankers' Books Evidence Bill, 2026 taken up in Lok Sabha.
  • Bill deals with banking records as legal evidence.
  • Digital banking records form an important part of the proposed framework.

Important Facts

  • The legislation concerns the evidentiary use of records maintained by banks.
  • Changes are intended to address developments in digital banking systems.
  • The Bill formed part of the financial legislative agenda during the Monsoon Session.

Static GK

  • A Bill must pass through the required parliamentary process before becoming law.
  • Banking records increasingly include electronic and digitally maintained financial information.

Exam Importance

Parliamentary legislation, banking laws and digital financial records are important topics for UPSC, Banking, RBI, SSC and State PSC examinations.

Memory Trick

Bankers' Books Bill = Banking Records + Digital Evidence.

Important Terms

Bankers' Books Evidence Bill 2026 Lok Sabha Banking Records Digital Evidence
Polity Banking Parliament Current Affairs
Economy

Taxation and Other Laws (Amendment) Bill Taken Up in Lok Sabha

Why in News

Parliament was scheduled to consider the Taxation and Other Laws (Amendment) Bill, 2026 as part of the government's continuing effort to update India's taxation framework and related financial laws.

Highlights

  • Taxation amendment legislation taken up in Lok Sabha.
  • Bill forms part of the Monsoon Session's financial agenda.
  • Government seeks to update taxation and related laws.

Important Facts

  • The legislation proposes amendments to taxation and related legal provisions.
  • The Bill is part of the government's broader financial legislative agenda.
  • Parliamentary consideration is required before the proposed amendments can become law.

Static GK

  • Taxation legislation is considered and passed by Parliament according to constitutional procedures.
  • The Union Government derives its taxation powers from provisions of the Constitution of India.

Exam Importance

Taxation, parliamentary legislation and fiscal policy are important topics for UPSC, SSC, Banking, RBI and State PSC examinations.

Memory Trick

Tax Amendment Bill = Parliament + Tax Rules + Financial Reform.

Important Terms

Taxation and Other Laws Amendment Bill Lok Sabha Taxation Financial Legislation
Economy Taxation Parliament Current Affairs
Agriculture

PM-PRANAM Push for Sustainable Fertilizer Use

Why in News

The Centre highlighted the implementation of PM-PRANAM — PM Programme for Restoration, Awareness Generation, Nourishment and Amelioration of Mother Earth — to encourage states to reduce excessive chemical-fertilizer consumption and promote sustainable nutrient management.

Highlights

  • PM-PRANAM promotes sustainable fertilizer use.
  • States encouraged to reduce excessive chemical-fertilizer consumption.
  • Balanced nutrient management in agriculture emphasized.

Important Facts

  • The programme seeks to reduce dependence on excessive chemical fertilizers.
  • States are encouraged to adopt alternative and balanced nutrient-management practices.
  • The initiative supports sustainable agriculture and improved soil health.

Static GK

  • PM-PRANAM stands for PM Programme for Restoration, Awareness Generation, Nourishment and Amelioration of Mother Earth.
  • Balanced nutrient management involves the appropriate use of chemical, organic and biological sources of plant nutrients.

Exam Importance

Agricultural schemes, fertilizer policy, soil health and sustainable farming are important topics for UPSC, NABARD, SSC and State PSC examinations.

Memory Trick

PM-PRANAM = Less Chemical Fertilizer + Better Soil.

Important Terms

PM-PRANAM Chemical Fertilizers Sustainable Agriculture Nutrient Management
Agriculture PM-PRANAM Fertilizer Current Affairs
Education

Jammu & Kashmir Declared Fully Literate Under ULLAS

Why in News

Lieutenant Governor Manoj Sinha announced that Jammu & Kashmir has joined India's fully literate States and Union Territories under the ULLAS programme, which focuses on adult education and foundational literacy.

Highlights

  • Jammu & Kashmir declared fully literate under ULLAS.
  • Announcement made by Lieutenant Governor Manoj Sinha.
  • Adult and foundational literacy remain key objectives.

Important Facts

  • ULLAS targets people aged 15 years and above who missed formal schooling.
  • The programme seeks to improve foundational literacy and lifelong learning.
  • Jammu & Kashmir has joined the group of States and Union Territories recognized as fully literate.

Static GK

  • ULLAS stands for Understanding of Lifelong Learning for All in Society.
  • The programme focuses on literacy, basic education and lifelong learning among adults.

Exam Importance

Literacy programmes, education schemes and human development are important topics for UPSC, SSC, Teaching and State PSC examinations.

Memory Trick

ULLAS = Adult Literacy + Lifelong Learning.

Important Terms

ULLAS Jammu & Kashmir Adult Education Foundational Literacy
Education ULLAS Literacy Current Affairs
Disaster Management

IMD Issues Red Alert for Assam and Meghalaya

Why in News

The India Meteorological Department issued a red alert for Assam and Meghalaya, warning of heavy to very heavy rainfall with isolated extremely heavy rainfall and increased risks of flooding and landslides.

Highlights

  • Red alert issued for Assam and Meghalaya.
  • Extremely heavy rainfall possible at isolated locations.
  • Flood and landslide risks increased.

Important Facts

  • Intense monsoon conditions affected northeastern India.
  • Authorities remained alert for flooding, landslides and transport disruptions.
  • Residents in vulnerable areas were advised to follow official weather and safety advisories.

Static GK

  • The India Meteorological Department is India's national weather forecasting agency.
  • A red weather alert indicates that authorities and residents should take action in view of potentially severe weather conditions.

Exam Importance

Monsoon, weather warnings and disaster management are important topics for UPSC, SSC, Railway and State PSC examinations.

Memory Trick

Red Alert = Assam + Meghalaya + Extreme Rain.

Important Terms

IMD Red Alert Assam Meghalaya Heavy Rainfall
Disaster Management Weather Monsoon Current Affairs
Disaster Management

Heavy Rainfall Warnings Extend to Other Parts of India

Why in News

Weather warnings extended to Madhya Pradesh, Kerala and several other regions as active monsoon systems produced widespread rainfall, prompting disaster-management authorities to monitor vulnerable areas.

Highlights

  • Heavy rainfall warnings covered multiple regions.
  • Madhya Pradesh and Kerala among areas under watch.
  • Flood-prone and landslide-prone areas monitored.

Important Facts

  • Active monsoon systems produced widespread rainfall.
  • Disaster-management authorities continued monitoring vulnerable districts.
  • Heavy rainfall can disrupt transport and other essential services.

Static GK

  • India receives most of its annual rainfall during the Southwest Monsoon season.
  • The National Disaster Management Authority provides guidelines for preparedness and response to natural disasters.

Exam Importance

Indian monsoon, disaster preparedness and extreme weather events are important topics for UPSC, SSC and State PSC examinations.

Memory Trick

Monsoon Warning = Rain + Flood + Preparedness.

Important Terms

Monsoon Heavy Rainfall Flood Landslide Disaster Management
Disaster Management Monsoon Weather Current Affairs
Aviation

Government Reports 352 Significant Aircraft Technical Defects

Why in News

The government informed Parliament that 352 significant technical defects had been reported during flight operations in 2026 up to June, while the Directorate General of Civil Aviation continued regulatory inspections and aviation-safety oversight.

Highlights

  • 352 significant technical defects reported.
  • Figures cover 2026 up to June.
  • DGCA continued aviation-safety inspections and oversight.

Important Facts

  • The information regarding technical defects was provided to Parliament.
  • DGCA conducts regulatory oversight of civil aviation safety.
  • Technical incidents are monitored as part of aviation-safety compliance.

Static GK

  • DGCA stands for Directorate General of Civil Aviation.
  • DGCA is India's principal regulatory body responsible for civil aviation safety oversight.

Exam Importance

Aviation regulation, transport safety and regulatory institutions are important topics for UPSC, SSC and State PSC examinations.

Memory Trick

Aviation 2026 = 352 Defects + DGCA Oversight.

Important Terms

DGCA Aircraft Technical Defects Aviation Safety Civil Aviation
Aviation DGCA Transport Current Affairs
Economy

₹24,000-Crore Treasury Bill Auction Scheduled

Why in News

The Government of India, in consultation with the Reserve Bank of India, scheduled an auction of ₹24,000 crore worth of Treasury Bills on 5 August, comprising 91-day, 182-day and 364-day securities.

Highlights

  • ₹24,000 crore Treasury Bill auction scheduled.
  • Auction includes three different T-bill maturities.
  • Government conducted the auction in consultation with RBI.

Important Facts

  • ₹9,000 crore was allocated to 91-day Treasury Bills.
  • ₹8,000 crore was allocated to 182-day Treasury Bills.
  • ₹7,000 crore was allocated to 364-day Treasury Bills.

Static GK

  • Treasury Bills are short-term debt instruments issued by the Government of India.
  • T-bills are commonly issued with maturities of 91 days, 182 days and 364 days.

Exam Importance

Treasury Bills, government securities and money-market instruments are important topics for RBI, Banking, UPSC, SSC and State PSC examinations.

Memory Trick

₹24,000 Crore T-Bills = ₹9,000 + ₹8,000 + ₹7,000 Crore.

Important Terms

Treasury Bills 91-Day T-Bill 182-Day T-Bill 364-Day T-Bill RBI
Economy Treasury Bills RBI Current Affairs
Polity

Monsoon Session of Parliament Continues

Why in News

The Monsoon Session of Parliament continued with financial legislation and other national issues on the agenda, while proceedings also witnessed disruptions amid opposition demands concerning recent police action against protesters at Jantar Mantar.

Highlights

  • Monsoon Session remained active.
  • Financial legislation remained on Parliament's agenda.
  • Proceedings witnessed opposition disruptions.

Important Facts

  • Financial Bills were among the major items before Parliament.
  • Opposition parties raised concerns regarding police action against protesters.
  • Jantar Mantar-related developments contributed to disruptions in parliamentary proceedings.

Static GK

  • Parliament of India consists of the President, Lok Sabha and Rajya Sabha.
  • The Budget, Monsoon and Winter sessions are the three commonly held parliamentary sessions during a year.

Exam Importance

Parliamentary proceedings, legislative processes and sessions of Parliament are important topics for UPSC, SSC and State PSC examinations.

Memory Trick

Monsoon Session = Bills + Debate + National Issues.

Important Terms

Monsoon Session Lok Sabha Parliament Financial Legislation
Polity Parliament Monsoon Session Current Affairs
Education

Examination and NEET Reforms Remain in National Focus

Why in News

Examination reform remained an important education-policy issue following controversies surrounding competitive examinations and paper leaks, with discussions continuing on stronger security, accountability and transparency in large-scale entrance and recruitment tests.

Highlights

  • Examination reforms remained in national focus.
  • Paper leak prevention received emphasis.
  • Security and accountability measures discussed.

Important Facts

  • Competitive and entrance examination security remained an important policy concern.
  • Reforms seek to improve transparency and accountability in examination administration.
  • Measures to prevent paper leaks and other examination malpractice continued to be discussed.

Static GK

  • NEET-UG is a national-level entrance examination for undergraduate medical education.
  • Large-scale public examinations require secure question-paper distribution, candidate verification and examination-centre monitoring.

Exam Importance

Education policy, entrance examinations and examination reforms are important topics for UPSC, SSC, Teaching and State PSC examinations.

Memory Trick

Exam Reform = Security + Accountability + Transparency.

Important Terms

NEET Examination Reform Paper Leak Examination Security
Education NEET Examination Reform Current Affairs
Environment

Centre Continues El Niño Preparedness

Why in News

With El Niño conditions strengthening, the government continued monitoring their possible impact on agriculture, food availability, power, health and the rural economy while coordinating preparedness measures with state governments.

Highlights

  • Government continued El Niño preparedness.
  • Agriculture and food availability remained under monitoring.
  • Centre-State coordination emphasized.

Important Facts

  • Ministries were directed to coordinate with state governments.
  • Availability of agricultural inputs and essential commodities remained under review.
  • Possible effects on agriculture, power, health and the rural economy were being monitored.

Static GK

  • El Niño refers to abnormal warming of surface waters in the central and eastern equatorial Pacific Ocean.
  • El Niño can influence India's monsoon rainfall and broader weather patterns.

Exam Importance

El Niño, Indian monsoon, agriculture and climate variability are important topics for UPSC, SSC, NABARD and State PSC examinations.

Memory Trick

El Niño = Pacific Warming + Monsoon Impact + Preparedness.

Important Terms

El Niño Monsoon Agriculture Food Security
Environment El Niño Monsoon Current Affairs
Culture

National Handloom Day Preparations Gain Attention

Why in News

Preparations were underway for National Handloom Day, observed annually on 7 August, bringing renewed attention to India's traditional handloom industry, artisan communities and the historical significance of the Swadeshi Movement.

Highlights

  • National Handloom Day observed annually on 7 August.
  • Day highlights India's traditional handloom sector.
  • Date is linked to the Swadeshi Movement of 1905.

Important Facts

  • National Handloom Day recognizes the contribution of India's handloom weavers and artisans.
  • The observance promotes awareness of indigenous textiles and traditional craftsmanship.
  • The date commemorates the launch of the Swadeshi Movement on 7 August 1905.

Static GK

  • The Swadeshi Movement was formally launched on 7 August 1905.
  • National Handloom Day is observed every year on 7 August.

Exam Importance

National days, the Swadeshi Movement, Indian handicrafts and cultural heritage are important topics for UPSC, SSC, Railway and State PSC examinations.

Memory Trick

7 August = Swadeshi Movement + National Handloom Day.

Important Terms

National Handloom Day 7 August Swadeshi Movement Handloom Sector
Culture National Handloom Day Swadeshi Movement Current Affairs

Quick Revision

Revise all important points in a few minutes.

RBI Keeps Repo Rate Unchanged at 5.25%
RBI Raises FY27 GDP Growth Forecast to 6.7%
Supreme Court Issues Nationwide Directions Against Digital Arrest Scams
Lok Sabha Takes Up Bankers' Books Evidence Bill, 2026
Taxation and Other Laws (Amendment) Bill Taken Up in Lok Sabha
PM-PRANAM Push for Sustainable Fertilizer Use
Jammu & Kashmir Declared Fully Literate Under ULLAS
IMD Issues Red Alert for Assam and Meghalaya
Heavy Rainfall Warnings Extend to Other Parts of India
Government Reports 352 Significant Aircraft Technical Defects
₹24,000-Crore Treasury Bill Auction Scheduled
Monsoon Session of Parliament Continues
Examination and NEET Reforms Remain in National Focus
Centre Continues El Niño Preparedness
National Handloom Day Preparations Gain Attention

Practice Quiz

Test your knowledge with 10 multiple choice questions.

Question 1

1. What repo rate did the RBI maintain at its August 2026 monetary policy meeting?

Question 2

2. RBI raised its FY2026-27 real GDP growth projection to:

Question 3

3. PM-PRANAM primarily encourages states to reduce the excessive use of:

Question 4

4. Which Union Territory was declared fully literate under ULLAS?

Question 5

5. IMD issued a red alert for which two northeastern states?

Question 6

6. How many significant aircraft technical defects were reported in 2026 up to June?

Question 7

7. What was the total value of the Treasury Bill auction scheduled for 5 August?

Question 8

8. A 'digital arrest' scam generally involves criminals impersonating:

Question 9

9. National Handloom Day is observed annually on:

Question 10

10. National Handloom Day is historically linked with which movement?

Quiz Result

0 / 10
0 %
Minimum Passing Percentage 40%

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