OICL AO 2026 Final Result Out

Cleared OICL AO 👏

Congratulations Prachi 🏆

PM Modi has hinted social media curbs for Minors

📅 Expected Regulatory Body Notifications

✓ NABARD Grade A
• Expected: August 2026
• Vacancies: 90-100

✓ IFSCA Grade A
• Expected: This year
• Vacancies: Around 20

✓ RBI Grade A
• Expected: Before December 2026 (High Probability)
• Vacancies: 200+

✓ NPS Grade A
• Expected: Soon
• Vacancies: Not Confirmed
(Eligibility criteria may change).

✓ RBI Grade B
• Expected: Early 2027
• Vacancies: Likely higher than the previous recruitment

Source: CGB

Food regulator FSSAI has issued 9 notices to Swiggy Instamart following several consumer complaints, including of alleged supply of rotten and expired food products by the platform.

The regulator has directed the platform to submit a detailed explanation and compliance report failing which appropriate legal action will be initiated.

World Bank to Give $890 mn For Solar Rooftops

🚨Linda Noskova is the Wimbledon champion 🏆🎾

The Czech youngster overcame a dramatic collapse after missing five championship points to defeat Karolina Muchova in a thrilling Wimbledon final and lift her maiden title.

Impacts of Rupee Depreciation:

Imports become more expensive: One of the immediate impacts of rupee depreciation is that imports become more expensive. This is because when the rupee depreciates, it takes more rupees to buy the same amount of foreign currency. As a result, businesses and consumers in India have to pay more for imported goods and services, which can lead to higher prices for consumers.

Inflation Increases: When the cost of imports increases, it can lead to inflation.

Impact on foreign investment: A weaker rupee can discourage foreign investors from investing in India. This is because they are more likely to face losses when converting their profits back into their home currency.

Higher borrowing costs: When the rupee depreciates, it can lead to higher borrowing costs for Indian businesses and the government. This is because foreign investors demand higher interest rates to compensate for the increased risk associated with investing in a country with a weaker currency.

(Source : Brajesh Mohan)

Retail inflation breaches RBI target to hit 4.38% in June

India's retail inflation accelerated to 4.38% in June as elevated food and fuel prices, geopolitical tensions in West Asia and concerns over an uneven monsoon kept price pressures firm. The latest consumer price index (CPI) reading breached the Reserve Bank of India's medium-term inflation target of 4% after 17 months, ending a prolonged period of relatively subdued inflation.

The Economic Survey highlights a key behavioural insight:
Why do Indians follow rules in metro systems but become unruly in other transport spaces?

Key Reasons Identified:

* Lack of clarity of rules in other transport systems
* Absence of fixed timing and predictable schedules
* Poor infrastructure and weak maintenance
* Lack of reliability and stability
* Absence of dignity, trust, and soft-touch regulation

When public spaces are safe, predictable, well-maintained, and dignified, people develop a sense of ownership and voluntarily follow rules—as seen in metro systems.

Broader Insight:
Civic behaviour is not a cultural flaw; it is a design and governance outcome.

(Source : Brajesh Mohan)

📉 IBM just suffered the biggest one-day stock crash in its 115-year history.

Shares of the tech giant plunged 25%, wiping out nearly $70 billion in market value after the company released preliminary second-quarter results that fell short of Wall Street expectations.

NICL Assistant 2026 Notification Out

• Vacancies - 500
• Age Limit - 21 to 30 Years
• Eligibility - Graduation
• Prelims - 27 Aug
• Mains - 30 Oct

UPI above 2,000 may attract 0.5% MDR for large traders

The government is considering introducing a merchant discount rate (MDR) on UPI payments made to large merchants, Moneycontrol has learnt. The fee may be set below 0.5 percent and apply to transactions above Rs 2,000.

MDR is a fee charged by banks for processing real-time digital transactions.

“This is the proposal being considered by the government right now, and a decision on the same is expected within two weeks,” a senior government source said. “The MDR will be levied only on large merchants and businesses.”

(Aparchit)