28 July 2026 Current Affairs PDF | English is now available for download. This daily current affairs English PDF is specially prepared for Banking, SSC, and TNPSC examinations, covering all exam-relevant national, international, economy, and banking updates in a clear and structured format. 28 July 2026 Current Affairs PDF includes important one-liners, key highlights, and concise explanations aligned with the latest exam patterns for both Prelims and Mains preparation.

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News in One Liner – 28 July 2026

🏛️ PIB News

DRDO’s ‘Kusha’ Missile Passes Maiden Flight-Test

● DRDO successfully conducted the maiden flight-test of the indigenously designed ‘Kusha’ Long-Range Surface-to-Air Missile (LRSAM) from APJ Abdul Kalam Island off the coast of Odisha.

Simplified News: DRDO tested its home-grown air defence missile ‘Kusha’ for the first time, successfully shooting down a mock high-speed, high-altitude aerial target. The missile can counter fighter jets, cruise and ballistic missiles, drones, and stealth aircraft. Every major part of the system, including its radar, was built in India, reducing dependence on imported systems like Russia’s S-400.

India Unveils First Indigenous 350 kg Turbo Jet Engine

● DRDO’s Gas Turbine Research Establishment (GTRE) and industry partner Azad Engineering successfully realized and delivered India’s first indigenous 350 kg thrust class Expendable Turbo Jet Engine.

Simplified News: DRDO and Hyderabad-based Azad Engineering jointly built India’s first small jet engine of this class, used to power drones, cruise missiles, and loitering munitions. Making such compact, high-thrust engines needs very precise manufacturing and advanced metallurgy, a capability only a few countries have. This strengthens India’s defence manufacturing base and opens the door for more private-sector involvement in military engine production.

India Hosts 16th BRICS Health Ministers’ Meeting

● India successfully hosted the 16th BRICS Health Ministers’ Meeting in Chandigarh, where member states unanimously adopted the 16th BRICS Health Ministerial Declaration and designated NIMHANS Bengaluru to lead a new mental health network.

Simplified News: Union Health Minister J.P. Nadda addressed the summit virtually under India’s 2026 BRICS Chairship theme of resilience and cooperation. The meeting announced a new BRICS Network of Centres of Excellence on Mental Wellness, to be led by NIMHANS Bengaluru. India also showcased digital health tools like Ayushman Bharat Digital Mission and e-Sanjeevani as models for other BRICS nations.

India Hosts BRICS Meeting on Disaster Risk Reduction

● Union Minister of State for Home Affairs Nityanand Rai chaired the BRICS Ministerial Meeting on Disaster Risk Reduction (DRR) in New Delhi under India’s 2026 BRICS Chairship.

Simplified News: The meeting, hosted by the National Disaster Management Authority, focused on building climate-resilient infrastructure and disaster preparedness among BRICS nations. Ministers adopted a joint work plan for 2025-2028 and a joint statement on disaster risk reduction. This builds on India’s earlier global initiative, the Coalition for Disaster Resilient Infrastructure (CDRI).

PM Modi Announces Fast-Track Courts for Paper Leak Cases

● Prime Minister Narendra Modi announced the establishment of dedicated fast-track courts across the country to ensure swift trial and stringent punishment for those involved in examination paper leaks.

Simplified News: The move aims to speed up trials and ensure strict punishment for those behind exam paper leak scandals, protecting the interests of genuine candidates. It builds on the existing Public Examinations (Prevention of Unfair Means) Act. States and ministries have been told to begin setting up these special courts immediately.

Private Investment in India’s Space Sector Crosses $618 Million

● Union Minister Dr. Jitendra Singh informed Parliament that private investment in India’s space sector has surpassed $618.5 million, with 105 authorizations granted to Non-Government Entities (NGEs).

Simplified News: The minister shared this update in the Rajya Sabha, highlighting rapid growth in India’s space startup ecosystem, including launch vehicle developers and satellite companies. IN-SPACe, the sector’s single-window regulator, is now framing new safety and security guidelines to manage this private-sector boom. The goal is to raise India’s share of the global space economy from about 2% to 8-10% by 2030.

Bharat Renewable Energy Summit & Expo 2026 Announced

● Union Minister Pralhad Joshi announced that the Bharat Renewable Energy Summit & Expo (BRESE) 2026 will take place from November 2–5, 2026, at Bharat Mandapam, New Delhi.

Simplified News: For the first time, BRESE will combine three major clean-energy events — the summit itself, the International Solar Alliance Assembly, and the Green Hydrogen Conference — under one roof. Prime Minister Modi is expected to inaugurate it, bringing together global investors and policymakers in renewable energy. The event supports India’s targets of 500 GW non-fossil fuel capacity by 2030 and net-zero emissions by 2070.

President Murmu Holds Bilateral Talks in Romania

● President Droupadi Murmu held delegation-level talks with Romanian President Nicușor Dan in Bucharest, marking the first Indian Presidential visit to Romania in nearly three decades.

Simplified News: This is the first visit by an Indian President to Romania in nearly 30 years, covering trade, green energy, defence, science, and education cooperation. Both nations agreed to mark 2028 — the 80th anniversary of diplomatic ties — as the ‘India-Romania Year of Innovation.’ An Indian Studies Chair was also set up at the University of Bucharest to boost cultural ties.

‘Bharat Taxi’ Cooperative Cab Service Launched in Maharashtra

● Maharashtra Chief Minister Devendra Fadnavis and Union Minister of State for Cooperation Murlidhar Mohol launched the cooperative-driven ‘Bharat Taxi’ app service in Navi Mumbai, Maharashtra.

Simplified News: Unlike regular cab-aggregator apps, Bharat Taxi is a cooperative model where drivers, called Sarathis, are owners and shareholders who share in the profits. The service has no surge pricing and runs on a fixed, transparent fare structure. Following earlier launches in Delhi and Gujarat, Maharashtra plans a phased statewide rollout using its large network of cooperative societies.

📊 Industry News

Cabinet Approves ₹3,030 Crore Chemical Parks Scheme

● The Cabinet Committee on Economic Affairs approved three thousand thirty crore rupees for the Bharat Audyogik Vikas Yojana Rasayan scheme to build three dedicated chemical parks.

Simplified News: The scheme, known by its short name BHAVYA Rasayan, will fund three chemical parks over five years (2026-27 to 2030-31). Most of the money — ₹3,000 crore — goes toward shared infrastructure and utilities, with the Centre and states splitting costs per park. This is meant to boost India’s chemical manufacturing base through joint central-state investment.

Cabinet Clears New Railway Lines Between Ballari and Guntakal

● The Cabinet Committee on Economic Affairs approved one thousand two hundred sixty-four crore rupees for additional railway lines linking Ballari and Guntakal.

Simplified News: The project adds a third and fourth railway line along this corridor, extending the network by about 46 km across Karnataka and Andhra Pradesh. It follows the PM Gati Shakti Master Plan, aimed at improving freight and passenger movement. Around 99 villages with a combined population of 7 lakh people are expected to benefit from better transport access.

India’s Private Sector Growth Slows to 4-Year Low

● The Hongkong and Shanghai Banking Corporation Flash India Composite Purchasing Managers Index fell to fifty-four point three in July due to slowing private sector expansion.

Simplified News: The index dropped from 57.1 in June to 54.3 in July 2026 — its weakest reading since March 2022, though still signalling growth. Both manufacturing and services activity slowed, partly due to renewed geopolitical tensions affecting business confidence. Despite the slowdown, employment kept growing for a seventh straight month, helped by strong export orders.

FM Sitharaman Directs CBDT to Speed Up Tax Appeal Disposals

● Union Finance Minister Nirmala Sitharaman urged the Central Board of Direct Taxes to accelerate appeal resolution despite disposing of two lakh twenty-four thousand cases in FY26.

Simplified News: Speaking at the 167th Income Tax Day event, the minister flagged that 5.4 lakh taxpayer appeals are still pending, even after the department cleared 2.24 lakh cases last year. She outlined seven guiding principles for future tax administration, including boosting voluntary compliance and using AI and data analytics. Officers are also being asked to train in areas like forensic accounting and digital asset taxation.

Government Eases FDI Rules for Export-Focused E-Commerce

● The Government relaxed foreign direct investment norms to allow electronic commerce platforms to hold product inventory exclusively for export of Indian goods.

Simplified News: Earlier, FDI in inventory-based e-commerce was restricted for nearly a decade to protect domestic retailers. Now, that restriction won’t apply if a platform is exporting goods made in India, giving foreign investors more clarity while still protecting local retail. The change comes as India’s net FDI turned negative in May 2026, with a $74 million outflow.

💰 Financial News

SEBI Simplifies Rules for Transferring Securities to Heirs

● The Securities and Exchange Board of India simplified security transmission rules by introducing a fast-track route for low-value claims and standardizing documentation requirements.

Simplified News: SEBI’s new Quick Transmission Processing route covers small claims — up to ₹10,000 for physical shares and ₹30,000 for demat holdings — and cuts paperwork like the mandatory probate of a will. Bigger claims, up to ₹10 lakh (physical) and ₹30 lakh (demat), also get simplified documentation. All processing entities must now settle these requests within 21 days, making it easier for legal heirs to claim a deceased investor’s assets.

India’s Forex Reserves Rise to $676.24 Billion

● The Reserve Bank of India released data showing India foreign exchange reserves rose by one point zero eight billion dollars to reach six hundred seventy-six point two three seven billion dollars during the week ended July 17 2026.

Simplified News: The rise was driven mainly by an increase in Foreign Currency Assets, the largest component of reserves, even as gold reserves dipped slightly. Special Drawing Rights with the IMF also edged up a little, while India’s reserve position with the IMF fell marginally. These reserves act as a buffer to help the RBI manage currency fluctuations and external shocks.

🇮🇳 National & State News

Cabinet Approves Bill for Fast-Track Courts on Paper Leaks

● The Union Cabinet approved a draft bill to establish fast-track courts and impose harsher penalties for examination paper leaks and test malpractices.

Simplified News: Cleared at a meeting chaired by PM Modi, the bill will set up dedicated courts to speed up trials against those behind organized cheating syndicates and paper leak networks. It builds on the existing Public Examinations (Prevention of Unfair Means) Act, 2024, adding stricter punishments. The bill is expected to be formally introduced in Parliament soon.

NTA Terminates 47 Officials in Major Internal Overhaul

● The National Testing Agency terminated forty-seven officials from service as part of an administrative overhaul following controversies surrounding examination paper leaks.

Simplified News: The action comes after public anger over exam paper leaks damaged the agency’s credibility, prompting a broader restructuring. Legal and criminal proceedings are also being initiated against some of the terminated officials. The NTA, which conducts entrance exams for higher education, functions under the Ministry of Education.

🌐 World News

India, Israel Wrap Up Second Round of FTA Talks

● India and Israel concluded the second round of negotiations in New Delhi for a comprehensive and mutually beneficial Free Trade Agreement.

Simplified News: Talks held between July 20-23 covered goods, services, rules of origin, and intellectual property rights, among other areas. Both sides are working within a framework agreed upon in November 2025 and aim to finalize a balanced trade deal soon. A successful FTA would expand bilateral trade and investment between the two countries.

US Imposes 10% Tariff on Indian Goods Over Labour Probe

● The United States imposed a ten percent tariff on Indian imports under a Section 301 forced labour probe following an adjustment from an earlier proposed rate.

Simplified News: The tariff, under Section 301 of the US Trade Act, was reduced from an initially proposed 12.5% after India tweaked its Foreign Trade Policy. Key exports like pharmaceuticals, smartphones, and steel are exempted, but exporters say 60-65% of India’s US-bound goods still fall under the new duty. India says talks are continuing to secure more exemptions and finalize a broader trade deal.

📝 Appointments and Resignation

Dr. K Srikar Reddy Named India’s Next Ambassador to Qatar

● The Ministry of External Affairs appointed Doctor K Srikar Reddy as the next Ambassador of India to the State of Qatar.

Simplified News: Dr. Reddy, currently India’s Consul General in San Francisco, will take up his new posting in Doha soon. Qatar is a key energy partner, supplying 41% of India’s LNG imports, and both countries aim to double bilateral trade to $28 billion by 2030. India is also negotiating a trade and investment pact with Qatar, home to over 8 lakh Indian expatriates.

🏆 Sports News

Viswanathan Anand Becomes Interim President of FIDE

● Five-time world champion Viswanathan Anand assumed the position of Interim President of the International Chess Federation following European Union sanctions against Arkady Dvorkovich.

Simplified News: Anand stepped in after Dvorkovich had to suspend his duties due to EU sanctions, taking charge under the FIDE Charter ahead of the next presidential election. He had been serving as FIDE’s Deputy President since 2022. Anand became India’s first Grandmaster in 1988 and remains one of the sport’s most respected figures.

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