CivilsIASPrep.comUPSC Current Affairs for 2026-08-10
Use this daily collection to understand why each development matters, then verify time-sensitive facts through the linked sources before adding them to notes.
- Government proposes to ease tax relief conditions for offshore fundsEconomy · Taxation and Other Laws (Amendment) Bill, 2026 proposes easing tax exemption conditions for offshore funds managed from India.
- How Beijing innovates: Lessons from China’s market-state hybrid modelEconomy · Beijing’s state-backed innovation ecosystem bridges the ‘valley of death’ to drive AI and robotics breakthroughs.
- Gross GST collections grow 15.4% to more than ₹2.11 lakh crore in July on higher imports, salesEconomy · Gross GST collections crossed ₹2.11 lakh crore in July 2026, marking 15.4% growth driven by imports and domestic consumption.
- Supreme Court Collegium recommends Chief Justices for four HCsPolity · Supreme Court Collegium recommended Chief Justices for four High Courts.
- RBI MPC keeps policy rate unchanged at 5.25%Economy · RBI MPC kept repo rate unchanged at 5.25% with neutral stance, citing inflation risks from food and fuel.
- RBI to issue polymer currency notes from beginning of next fiscal: Governor Sanjay MalhotraEconomy · RBI Governor announced polymer currency notes will enter circulation from the beginning of the next financial year.
- RBI says $40.82 billion mobilised under forex swap facility till July 31Economy · RBI reported $40.82 billion mobilised under its concessional forex swap facility till July 31, 2026.