Government of India โ Ministry of Finance
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has maintained the repo rate at 5.25% in its August 2026 meeting. The policy stance remains neutral. The Standing Deposit Facility (SDF) rate stands at 5%, while the Marginal Standing Facility (MSF) and Bank Rate are at 5.5%. Inflation for FY27 is projected at 5.1%, with GDP growth maintained at 6.6%.
| Date | Event |
|---|---|
| 23 August | National Space Day (3rd Observance) |
| 6 August | Hiroshima Day (81st Anniversary) |
| 7 August | National Handloom Day (12th Observance) |
Jammu & Kashmir marks its 7th Foundation Day as a Union Territory on 5 August 2026, following the reorganization act of 2019. Candidates preparing for competitive exams should focus on the technical details of the Payment and Settlement Systems Act and the specific mandates of the RBI MPC.
Securing a government position under Government of India requires a disciplined and strategic approach. Follow these essential preparation steps:
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A former Defence aspirant turned career advisor, Amit Singh Chauhan brings deep insider knowledge of Indian Army, Navy, Air Force, and Railway recruitment processes. He has been guiding candidates for over 10 years.