Saturday, Sep 05

Daily Current Affairs: 5 September 2026

Daily current affairs for 5 September 2026 with exam-focused key facts, connected news context, and revision notes for UPSC, SSC, banking and government exams.

Editorial note for exam revision Last updated: 5 September 2026. This briefing is structured for current affairs revision, with key updates and related coverage links to help readers connect recurring topics across days.

Today at a glance

Top current affairs to revise

  1. GIFT IFSC Emerges as International Banking Hub
  2. Axis Bank and Scapia Launch Travellers Focused ‘Scapia Axis Bank Credit Card’
  3. ICICI Bank buys additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 Crore
  4. United States Mint (US Mint) Sells Out Trump
    Editorial note for exam revision Last updated: 5 September 2026. This briefing is structured for current affairs revision, with key updates and related coverage links to help readers connect recurring topics across days.
    Coin, Places on Backorder
  5. Carol Kripanayana Furtado Appointed Interim CEO of Ujjivan Small Finance Bank
  6. Gaurang Vyas, Gujarati Music Composer, Dies at 87

Headlines by topic

Topic-wise current affairs headlines

All topic pages
Economy, Banking and Finance4 headlines
  1. GIFT IFSC Emerges as International Banking Hub
  2. Axis Bank and Scapia Launch Travellers Focused ‘Scapia Axis Bank Credit Card’
  3. ICICI Bank buys additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 Crore
  4. United States Mint (US Mint) Sells Out Trump $1 Coin, Places on Backorder
Open Economy & Banking topic page
People, Positions and Obituaries7 headlines
  1. Carol Kripanayana Furtado Appointed Interim CEO of Ujjivan Small Finance Bank
  2. Gaurang Vyas, Gujarati Music Composer, Dies at 87
  3. Cassandra Wilson, Two-Time Grammy-Winning Jazz Singer, Dies at 70
  4. Ülle Madise Elected as President of Estonia
  5. Gujarati Music Composer Gaurang Vyas Passes Away
  6. Giorgia Meloni Became Italy's Longest-Serving Prime Minister Since World War II
  7. Anil Chakravarthy Named CEO of Adobe
Open People & Positions topic page
Government Schemes and Policy5 headlines
  1. BIO-NIVESH Launched to Boost Private Investment in Biotechnology
  2. GeM and Textiles Committee Sign MoU to Boost Procurement of Recycled and Upcycled Textiles
  3. OSDMA Signs MoUs with UNDP and CivicDataLab to Strengthen Odisha’s Disaster Management Framework
  4. Supreme Court Directs States to Raise Retirement Age of District Judiciary to 62
  5. CARA Launches Adoption Awareness 2026 Theme to Promote Legal Adoption
Open Schemes & Policy topic page
International, Defence and Summits5 headlines
  1. Bharat Tex Trade Federation and Première Vision SA sign MoU to boost India-France textile collaboration
  2. Thales and Kalyani Strategic Systems Sign Strategic Alliance for 70-mm Rocket Systems
  3. Rajnath Singh Releases 'Raksha' Framework for India's Defence Diplomacy on September 3, 2026
  4. United Nations General Assembly adopts 'Correct the Map' resolution on September 4, 2026
  5. India and Germany Sign Joint Declaration on Wetland Conservation at 4th Indo-German Environment Forum
Open International & Defence topic page
Miscellaneous Current Affairs2 headlines
  1. Teachers' Day 2026 observed in India on September 5
  2. National Wildlife Day 2026 observed on September 4
Open Miscellaneous topic page
Science, Discovery, Tech and Environment3 headlines
  1. National Institute of Electronics and Information Technology (NIELIT) and Intel India Launch Agentic AI Skilling Initiative; Hold National Dialogue in New Delhi
  2. Indian Space Research Organisation (ISRO) Successfully Launches India's First Geosynchronous Imaging Satellite EOS-05
  3. OpenAI launches GPT-6 Astra with record-breaking AI benchmark scores
Open Science & Environment topic page
Sports1 headline
  1. Smriti Mandhana Becomes Leading Run-Scorer in Women’s International Cricket
Open Sports topic page
Jump to current affairs headlines
  1. GIFT IFSC Emerges as International Banking Hub
  2. Axis Bank and Scapia Launch Travellers Focused ‘Scapia Axis Bank Credit Card’
  3. ICICI Bank buys additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 Crore
  4. United States Mint (US Mint) Sells Out Trump $1 Coin, Places on Backorder
  5. BIO-NIVESH Launched to Boost Private Investment in Biotechnology
  6. GeM and Textiles Committee Sign MoU to Boost Procurement of Recycled and Upcycled Textiles
  7. OSDMA Signs MoUs with UNDP and CivicDataLab to Strengthen Odisha’s Disaster Management Framework
  8. Supreme Court Directs States to Raise Retirement Age of District Judiciary to 62
  9. CARA Launches Adoption Awareness 2026 Theme to Promote Legal Adoption
  10. Bharat Tex Trade Federation and Première Vision SA sign MoU to boost India-France textile collaboration
  11. Thales and Kalyani Strategic Systems Sign Strategic Alliance for 70-mm Rocket Systems
  12. Rajnath Singh Releases 'Raksha' Framework for India's Defence Diplomacy on September 3, 2026
  13. United Nations General Assembly adopts 'Correct the Map' resolution on September 4, 2026
  14. India and Germany Sign Joint Declaration on Wetland Conservation at 4th Indo-German Environment Forum
  15. National Institute of Electronics and Information Technology (NIELIT) and Intel India Launch Agentic AI Skilling Initiative; Hold National Dialogue in New Delhi
  16. Indian Space Research Organisation (ISRO) Successfully Launches India's First Geosynchronous Imaging Satellite EOS-05
  17. OpenAI launches GPT-6 Astra with record-breaking AI benchmark scores
  18. Smriti Mandhana Becomes Leading Run-Scorer in Women’s International Cricket
  19. Teachers' Day 2026 observed in India on September 5
  20. National Wildlife Day 2026 observed on September 4
  21. Gaurang Vyas, Gujarati Music Composer, Dies at 87
  22. Ülle Madise Elected as President of Estonia
  23. Gujarati Music Composer Gaurang Vyas Passes Away
  24. Cassandra Wilson, Two-Time Grammy-Winning Jazz Singer, Dies at 70
  25. Giorgia Meloni Became Italy's Longest-Serving Prime Minister Since World War II
  26. Anil Chakravarthy Named CEO of Adobe
  27. Carol Kripanayana Furtado Appointed Interim CEO of Ujjivan Small Finance Bank

Jump to current affairs

Headlines 05 September 2026
  1. GIFT IFSC Emerges as International Banking Hub
  2. Axis Bank and Scapia Launch Travellers Focused ‘Scapia Axis Bank Credit Card’
  3. ICICI Bank buys additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 Crore
  4. United States Mint (US Mint) Sells Out Trump $1 Coin, Places on Backorder
  5. BIO-NIVESH Launched to Boost Private Investment in Biotechnology
  6. GeM and Textiles Committee Sign MoU to Boost Procurement of Recycled and Upcycled Textiles
  7. OSDMA Signs MoUs with UNDP and CivicDataLab to Strengthen Odisha’s Disaster Management Framework
  8. Supreme Court Directs States to Raise Retirement Age of District Judiciary to 62
  9. CARA Launches Adoption Awareness 2026 Theme to Promote Legal Adoption
  10. Bharat Tex Trade Federation and Première Vision SA sign MoU to boost India-France textile collaboration
  11. Thales and Kalyani Strategic Systems Sign Strategic Alliance for 70-mm Rocket Systems
  12. Rajnath Singh Releases 'Raksha' Framework for India's Defence Diplomacy on September 3, 2026
  13. United Nations General Assembly adopts 'Correct the Map' resolution on September 4, 2026
  14. India and Germany Sign Joint Declaration on Wetland Conservation at 4th Indo-German Environment Forum
  15. National Institute of Electronics and Information Technology (NIELIT) and Intel India Launch Agentic AI Skilling Initiative; Hold National Dialogue in New Delhi
  16. Indian Space Research Organisation (ISRO) Successfully Launches India's First Geosynchronous Imaging Satellite EOS-05
  17. OpenAI launches GPT-6 Astra with record-breaking AI benchmark scores
  18. Smriti Mandhana Becomes Leading Run-Scorer in Women’s International Cricket
  19. Teachers' Day 2026 observed in India on September 5
  20. National Wildlife Day 2026 observed on September 4
  21. Gaurang Vyas, Gujarati Music Composer, Dies at 87
  22. Ülle Madise Elected as President of Estonia
  23. Gujarati Music Composer Gaurang Vyas Passes Away
  24. Cassandra Wilson, Two-Time Grammy-Winning Jazz Singer, Dies at 70
  25. Giorgia Meloni Became Italy's Longest-Serving Prime Minister Since World War II
  26. Anil Chakravarthy Named CEO of Adobe
  27. Carol Kripanayana Furtado Appointed Interim CEO of Ujjivan Small Finance Bank
Topic

Economy, Banking and Finance

View all Economy & Banking

GIFT IFSC Emerges as International Banking Hub

Key Updates:

  • As of 31 August 2026, 20 IFSC Banking Units (IBUs) at GIFT IFSC sanctioned USD 54.02 billion under the Reserve Bank of India's (RBI) special swap facility for FCNR(B) deposits, with approximately USD 52.82 billion disbursed.
  • During April to August 2026, IBUs at GIFT IFSC disbursed USD 11.62 billion in External Commercial Borrowings (ECBs).
  • Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges during April to August 2026.
  • Monthly ECB disbursements from IBUs increased from USD 1.54 billion in April to USD 3.54 billion in August 2026.
  • Sanctions under the FCNR(B) swap facility increased from USD 28.60 billion on August 14 to USD 54.02 billion by August 31, 2026.

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Related Current Affairs Coverage


Axis Bank and Scapia Launch Travellers Focused ‘Scapia Axis Bank Credit Card’

Key Updates:

  • Axis Bank and travel fintech Scapia launched the co-branded 'Scapia Axis Bank Credit Card' on September 4, 2026.
  • The card offers zero foreign exchange markup, airport privileges, and rewards on travel and everyday spending with no joining or annual fee.
  • The card is available on Mastercard and RuPay networks.
  • Cardholders can earn up to 20% rewards on eligible travel bookings and up to 10% on other eligible spends through the Scapia app.
  • Rewards are earned as Scapia Coins and can be redeemed for flights, hotel stays, visas, experiences, and shopping.
  • Onboarding for the card began on September 3, 2026.
  • The card is managed entirely through the Scapia app, which also enables trip discovery, planning, and booking.
  • The card includes a Smart Forex feature for overseas transactions, along with airport lounge, dining, and retail privileges.
  • This is Scapia's third banking partnership, following collaborations with Federal Bank and BOBCARD.

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Paisabazaar, a part of PB Fintech, and SBM Bank India have launched the SBM Paisabazaar Paisa+ Credit Card, a Fixed Deposit (FD)-backed credit card. The credit card requires a minimum FD starting from ₹2,000 and provides…


ICICI Bank buys additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 Crore

Key Updates:

  • ICICI Bank acquired 29,015,693 shares of ICICI Prudential Life Insurance Company, representing approximately 2% of its diluted equity share capital, for ₹1,470 crore.
  • The transaction was executed through stock market purchases between July 22 and September 2, 2026.
  • Following the acquisition, ICICI Bank's total stake in ICICI Prudential Life increased to approximately 52.8%.
  • ICICI Bank had earlier announced its intention to acquire additional 2% stakes on February 28 and June 24, 2026.
  • Prudential Corporation Holdings held approximately 21.89% stake in ICICI Prudential Life as of June 30, 2026.

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United States Mint (US Mint) Sells Out Trump $1 Coin, Places on Backorder

Key Updates:

  • The United States Mint (US Mint) reported that its President Donald J. Trump $1 coins sold out within 24 hours of going on sale on September 2, 2026.
  • The US Mint placed the Trump $1 coins on backorder as of noon September 3, 2026.
  • The coins were available in a 24-coin roll for $61 and a 100-coin bag for $154.50, with a household limit of two until 2 p.m. ET on September 3.
  • A total of 250,000 Trump $1 coins were struck on July 4, 2026, at the Philadelphia Mint, featuring a special 'July 4th' privy mark.
  • The coin's obverse features a portrait of President Trump with inscriptions 'LIBERTY,' 'IN GOD WE TRUST,' and '1776 ~ 2026,' while the reverse displays the Presidential Seal with a '250' inscription.
  • The Trump $1 coins have a gold-like finish but contain no precious metals and are legal tender.

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Topic

People, Positions and Obituaries

View all People & Positions

Carol Kripanayana Furtado Appointed Interim CEO of Ujjivan Small Finance Bank

Key Updates:

  • Carol Kripanayana Furtado was appointed as Interim Chief Executive Officer (CEO) of Ujjivan Small Finance Bank (SFB), effective from September 1, 2026.
  • The Reserve Bank of India (RBI) approved her appointment for a tenure of three months or until a regular Managing Director & CEO is appointed, whichever is earlier.
  • She was serving as a Whole-Time Executive Director of Ujjivan SFB and had been acting as MD & CEO prior to this appointment.
  • She brings around 29 years of banking experience across retail banking and NBFC businesses.
  • Before joining Ujjivan, she worked with ANZ Group, Bank Muscat, and Centurion Bank.
  • She is a postgraduate from Mount Carmel Institute of Management, Bengaluru, and has participated in leadership programmes at IIM Ahmedabad and Harvard Business School.

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Fino Payments Bank board extended Ketan Merchant's tenure as interim CEO for three months effective August 27, 2026. The extension is subject to approval of the Reserve Bank of India (RBI).


Gaurang Vyas, Gujarati Music Composer, Dies at 87

Key Updates:

  • Gaurang Vyas, a renowned Gujarati music composer, singer and arranger, died at the age of 87 in Ahmedabad.
  • He composed music for over 100 Gujarati films, including notable works such as Bhavni Bhavai and Maniyaro.
  • He was the son of legendary composer Avinash Vyas and carried forward his musical legacy.
  • He received around 11 state-level Best Music Direction awards and was honoured with a Lifetime Achievement Award by Gujarat Chief Minister Bhupendra Patel in 2022.

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Nanda Malini, an iconic Sri Lankan singer, died on Thursday at the age of 82 in Nawala, near Colombo. She was born in 1943 in British Ceylon and studied Hindustani music at Bhatkhande College of Hindustani Music in…

Renowned Mand folk singer Gavri Devi passed away at the age of 98 at her residence in Pali, Rajasthan. She was a prominent exponent of Mand singing, which is one of the oldest music traditions originating from Rajasthan.


Cassandra Wilson, Two-Time Grammy-Winning Jazz Singer, Dies at 70

Key Updates:

  • Cassandra Wilson, a two-time Grammy-winning jazz singer, died at the age of 70 on September 2, 2026, at her home in Mississippi.
  • She died of natural causes, as confirmed by the Hinds County Coroner's Office.
  • Wilson was born on December 4, 1955, in Jackson, Mississippi, and began playing piano at age six.
  • She was a founding member of the M-Base Collective and signed with Blue Note Records in 1992.
  • She won Grammy Awards for her albums 'New Moon Daughter' (1995) and 'Loverly' (2008).
  • Her latest album, 'Coming Forth by Day' (2015), was a tribute to Billie Holiday.
  • She collaborated with artists including The Roots, Wynton Marsalis, and Elvis Costello.

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Veteran playback singer S. Janaki, known as the 'Nightingale of South India,' passed away at the age of 88 in a private hospital in Mysuru due to age-related health issues. She recorded over 40,000 songs in about 20…

Teejan Bai, a noted Pandavani exponent, passed away at the age of 70 at the All India Institute of Medical Sciences (AIIMS) Raipur. Pandavani is a traditional performing art form originating in Chhattisgarh and also…

Puviyarasu, a renowned Tamil poet, translator, screenwriter, and actor, died at the age of 96 in Coimbatore. He was among the few Indian litterateurs to win the Sahitya Akademi Award twice, for translation and poetry.


Ülle Madise Elected as President of Estonia

Key Updates:

  • Ülle Madise was elected as the next President of Estonia by the Riigikogu (Estonian Parliament) on 2 September 2026.
  • She received 71 votes in a secret ballot, surpassing the required two-thirds majority of 68 votes in the first round.
  • She is the second woman to hold the office of President of Estonia, after Kersti Kaljulaid (2016–2021).
  • She will take the oath of office on 12 October 2026, succeeding Alar Karis, who did not seek a second term.
  • Madise served as Chancellor of Justice from 2015 and began a second seven-year term in 2022.
  • She was born in Tartu on 11 December 1974, studied law at the University of Tartu, and completed a doctorate at Tallinn University of Technology.
  • She previously served as legal adviser to President Toomas Hendrik Ilves (2009–2015) and helped establish the legal foundations of Estonia's internet voting system.

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Gujarati Music Composer Gaurang Vyas Passes Away

Key Updates:

  • Gaurang Vyas, a renowned Gujarati music composer, passed away at the age of 87 in Ahmedabad.
  • He was the son of music composer Avinash Vyas.
  • He composed music for over 100 Gujarati films.
  • He received 11 state-level Best Music Direction awards.
  • In 2022, he was honoured with a Lifetime Achievement Award by Gujarat Chief Minister Bhupendra Patel.
  • In 2024, he was honoured by the Gujarat State Music Academy and Gujarat Tourism.

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Teejan Bai, a noted Pandavani exponent, passed away at the age of 70 at the All India Institute of Medical Sciences (AIIMS) Raipur. Pandavani is a traditional performing art form originating in Chhattisgarh and also…

Veteran playback singer S. Janaki, known as the 'Nightingale of South India,' passed away at the age of 88 in a private hospital in Mysuru due to age-related health issues. She recorded over 40,000 songs in about 20…


Giorgia Meloni Became Italy's Longest-Serving Prime Minister Since World War II

Key Updates:

  • Giorgia Meloni completed 1,413 consecutive days in office as Italy's Prime Minister, becoming the longest-serving prime minister in the history of the Italian Republic since World War II.
  • Giorgia Meloni came to power in October 2022 as the leader of the Brothers of Italy party.
  • Italian governments have lasted an average of about 14 months over the past eight decades.
  • Unemployment in Italy fell to 5% this year, the lowest level since national records began in 2004.
  • In March, voters rejected Giorgia Meloni's proposed judicial reform, marking the first major electoral defeat of her premiership.
  • Prime Minister Narendra Modi congratulated Giorgia Meloni, stating that her leadership has strengthened the India-Italy Special Strategic Partnership.

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Anil Chakravarthy Named CEO of Adobe

Key Updates:

  • Anil Chakravarthy, an alumnus of IIT-BHU and MIT, was named the next President and CEO of Adobe, effective December 1, 2026.
  • He succeeds Shantanu Narayen, who will become Executive Chair of Adobe.
  • Chakravarthy joined Adobe in January 2020 as Executive Vice President and General Manager leading the Digital Experience business.
  • He completed his Ph.D from MIT in 1995 and started his career at McKinsey & Company as an engagement manager.
  • He held roles at Logictier (VP Marketing), Verisign (Director of Product Management), and Symantec for nine years, eventually becoming Senior VP of Enterprise Product Operations.
  • He served as CEO of Informatica for six years from August 2015 to January 2020.
  • He also served as an independent board member at USAA, Ansys, and FIS.

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James Gray will be honored with the Pardo alla Carriera (Career Achievement Award) at the 79th Locarno Film Festival. The award will be presented on August 9, 2026, during the festival, which runs from August 5 to 15.

Infosys appointed Ashiss Kumar Dash as Chief Executive Officer (CEO) Designate for a five-year term. He will assume the role of Managing Director and CEO on April 1, 2027, succeeding Salil Parekh.


Topic

Government Schemes and Policy

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BIO-NIVESH Launched to Boost Private Investment in Biotechnology

Key Updates:

  • The Union government launched 'BIO-NIVESH' on 4 September 2026.
  • 'BIO-NIVESH' is a strategic platform to strengthen engagement between biotechnology innovators and the investment community.
  • The platform aims to catalyse the flow of private capital into promising biotechnology innovations for scale-up and commercialisation.
  • Union Minister Dr Jitendra Singh launched the platform.
  • Dr Singh suggested a 'Big Five in Five Years' approach for the biotechnology ecosystem.

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GeM and Textiles Committee Sign MoU to Boost Procurement of Recycled and Upcycled Textiles

Key Updates:

  • The Government e Marketplace (GeM) and the Textiles Committee (TC) signed an MoU to boost procurement of recycled and upcycled textile products.
  • The MoU aims to create a 'Waste-to-Value-to-Market' ecosystem for textile waste, scrap, and second-hand clothes.
  • Under the MoU, the TC will identify, verify, certify, and recognize eligible producers of recycled and upcycled textile products.
  • GeM will create dedicated categories for these products and facilitate seller onboarding and online market linkages.
  • The initiative focuses on women, MSMEs, local enterprises, artisans, recyclers, and other circular-economy enterprises.
  • The MoU was signed during the 62nd Foundation Day celebrations of the Textiles Committee in Mumbai.

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OSDMA Signs MoUs with UNDP and CivicDataLab to Strengthen Odisha’s Disaster Management Framework

Key Updates:

  • The Odisha State Disaster Management Authority (OSDMA) signed two MoUs with the United Nations Development Programme (UNDP) and CivicDataLab to strengthen the state's disaster management framework.
  • Under the OSDMA-UNDP partnership, a comprehensive Hazard, Risk and Vulnerability Assessment (HRVA) will be conducted across all 30 districts of Odisha.
  • The HRVA will collect village-level data in 10 coastal districts and Gram Panchayat-level data in the remaining 20 districts, which will form the basis of a GIS-enabled digital platform.
  • The MoU with CivicDataLab will develop a Digital Public Infrastructure (DPI) for Disaster Risk Reduction, integrating data from multiple departments to provide real-time dashboards and analytical insights.
  • The initial phase of the CivicDataLab platform will focus on riverine floods, coastal flooding, and heatwave-related risks.
  • The initiatives aim to support evidence-based decision-making and advance Odisha's goal of 'Zero Casualty' and building a disaster-resilient state.

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Supreme Court Directs States to Raise Retirement Age of District Judiciary to 62

Key Updates:

  • The Supreme Court directed states to raise the retirement age of judicial officers in district judiciary from 60 to 62 years.
  • The move aims to address the backlog of 5.18 crore pending cases in district courts.
  • Seven states—Chhattisgarh, Karnataka, Madhya Pradesh, Maharashtra, Sikkim, Tamil Nadu, and West Bengal—have agreed to enhance the retirement age.
  • States that have agreed must amend their service rules within two months.
  • Other states and union territories have been given two weeks to decide on the enhancement.
  • The court said the financial burden of the enhancement is negligible compared to the benefits to the justice system.

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The Supreme Court, by a 5:4 majority, modified the test for determining what constitutes an 'industry' under the Industrial Disputes Act. A nine-judge bench headed by Chief Justice of India Surya Kant held that the…


Key Updates:

  • The Central Adoption Resource Authority (CARA) under the Ministry of Women and Child Development launched the Adoption Awareness 2026 theme.
  • The theme is 'Legal Adoption. Safe Childhood. Secure Future. Say No to Illegal Adoption!'.
  • The theme was launched by CARA CEO Smt. Bhavna Saxena during a Live Morning Show on DD National.
  • State/UT-level Adoption Awareness Workshops will be organised from September 2026 onwards.
  • A specific Adoption Awareness Workshop is scheduled in Delhi on 10 September 2026 at the Delhi Secretariat.
  • The campaign will involve stakeholders such as Women and Child Development Departments, Child Welfare Committees, police, health departments, and judiciary.

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World Population Day is observed every year on 11 July to raise awareness about global population challenges. The theme for World Population Day 2026 is “Realizing the hopes and aspirations of young people – today and…


Topic

International, Defence and Summits

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Bharat Tex Trade Federation and Première Vision SA sign MoU to boost India-France textile collaboration

Key Updates:

  • Bharat Tex Trade Federation (BTTF) and Première Vision SA signed a Memorandum of Understanding (MoU) on September 2, 2026, at the Première Vision exhibition in Paris.
  • The MoU builds on a Letter of Intent signed on July 14, 2026, at Bharat Tex 2026 in New Delhi, in the presence of India's Union Minister of Textiles.
  • The partnership aims to strengthen India's engagement in global fashion and textile markets, focusing on high-value, design-led, and sustainable segments.
  • Key areas of collaboration include reciprocal participation in trade shows, joint export promotion, buyer-seller meets, and showcasing Indian heritage and craftsmanship.
  • The MoU comes after the India-EU Free Trade Agreement negotiations concluded in January 2026, which is expected to provide duty-free access for 90.7% of India's textile and apparel exports to the EU.
  • India's textile and apparel exports to the EU currently stand at around US$10.4 billion, with the EU's total textile and apparel imports at approximately US$292.8 billion in 2025.

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Thales and Kalyani Strategic Systems Sign Strategic Alliance for 70-mm Rocket Systems

Key Updates:

  • Thales and Kalyani Strategic Systems (KSSL), a subsidiary of Bharat Forge, signed a Strategic Alliance Agreement.
  • The agreement covers collaboration on unguided and laser-guided 70-mm rocket systems.
  • Thales' 70-mm rocket systems are already in service with the Indian armed forces.
  • The partnership aims to enable local production and integration in India using KSSL's manufacturing facilities.
  • The collaboration strengthens India-Belgium defence cooperation and supports India's 'Make in India' initiative.

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Rajnath Singh Releases 'Raksha' Framework for India's Defence Diplomacy on September 3, 2026

Key Updates:

  • Union Defence Minister Rajnath Singh released 'Raksha', a comprehensive strategic framework outlining India's roadmap for defence diplomacy and global defence partnerships over the next 10 years.
  • The framework identifies key pillars including deepening bilateral and multilateral defence partnerships, expanding joint military exercises, training programmes, and capacity-building initiatives with friendly countries.
  • A major focus of the framework is promoting indigenous defence exports under the Make-in-India initiative to position India as a reliable global defence manufacturing partner.
  • Maritime security is a key pillar, emphasising India's role as a Net Security Provider and First Responder in the Indian Ocean Region.
  • Senior officials from the Ministry of Defence, Ministry of External Affairs, and National Security Council Secretariat attended the release.
  • Rajnath Singh is scheduled to visit Sri Lanka on September 9-10, 2026, to review defence cooperation.

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United Nations General Assembly adopts 'Correct the Map' resolution on September 4, 2026

Key Updates:

  • The United Nations General Assembly adopted the 'Correct the Map' resolution on September 4, 2026, with 164 votes in favor, one against, and six abstentions.
  • The resolution, introduced by Togo on behalf of the African Group, encourages the use of equal-area projections such as Equal Earth to accurately represent Africa's true size.
  • The United States was the only country to vote against the resolution.
  • The resolution is not legally binding and does not require abandoning the Mercator projection.
  • The Equal Earth projection was developed by Tom Patterson and colleagues in 2018.
  • The Mercator projection, created in 1569, distorts the size of land masses, making regions near the poles appear larger.
  • The African Union welcomed the resolution, stating it ensures the world map reflects Africa's true scale.

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The Department of Archaeology Museums and Heritage (DAMH) will collaborate with the National Institute of Advanced Studies (NIAS) to conduct a LiDAR survey at Lakkundi. The survey will employ Light Detection and Ranging…


India and Germany Sign Joint Declaration on Wetland Conservation at 4th Indo-German Environment Forum

Key Updates:

  • India and Germany signed a Joint Declaration of Intent for conservation and wise use of wetlands of international importance.
  • The declaration was a key outcome of the 4th Indo-German Environment Forum (IGEF), the principal bilateral platform for environmental policy dialogue since 2008.
  • Union Environment Minister Bhupender Yadav represented India, while German Minister for Environment, Climate Protection, Nature Conservation and Nuclear Safety Carsten Schneider represented Germany.
  • Yadav stated that India has consistently met its Nationally Determined Contribution (NDC) commitments ahead of schedule.
  • Schneider acknowledged India's rapid advancements in renewable energy, characterizing the nation as a global role model.
  • The expanded cooperation will focus on climate adaptation and wetland protection, including joint projects and exchange of knowledge.

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India and Belgium signed multiple MoUs covering renewable energy, defence, trade, investment, maritime affairs, critical minerals, semiconductors, and research on September 3, 2026. The agreements were exchanged at…


Topic

Miscellaneous Current Affairs

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Teachers' Day 2026 observed in India on September 5

Key Updates:

  • India celebrates Teachers' Day on September 5 every year to mark the birth anniversary of Dr Sarvepalli Radhakrishnan.
  • Dr Sarvepalli Radhakrishnan was India's second President, serving from 1962 to 1967, and was a philosopher, scholar and educationist.
  • Teachers' Day was first observed in India in 1962 after Dr Radhakrishnan suggested his birthday be celebrated as Teachers' Day.
  • World Teachers' Day is celebrated internationally on October 5, commemorating the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers.
  • Other countries also observe their own teachers' days, such as China on September 10 and Mexico on May 15.

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National Wildlife Day 2026 observed on September 4

Key Updates:

  • National Wildlife Day 2026 will be observed on Friday, September 4, 2026.
  • National Wildlife Day was founded in 2005 by Colleen Paige.
  • The day was created in honour of wildlife conservationist Steve Irwin.
  • National Wildlife Day aims to educate the public about endangered animals and the importance of conservation and preservation.
  • World Wildlife Day is observed on March 3, while National Wildlife Day is observed on September 4.

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Topic

Science, Discovery, Tech and Environment

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National Institute of Electronics and Information Technology (NIELIT) and Intel India Launch Agentic AI Skilling Initiative; Hold National Dialogue in New Delhi

Key Updates:

  • The National Institute of Electronics and Information Technology (NIELIT) and Intel India organised a National Leadership Dialogue on 'Preparing the Future Workforce for the Agentic AI Era' at the India Habitat Centre in New Delhi.
  • The dialogue brought together senior representatives from Government, foreign embassies, academia, industry, and the skilling ecosystem.
  • Shashi Shekhar Vempati, Chairperson of the Central Board of Film Certification (CBFC), attended as the Chief Guest.
  • The event launched the NIELIT–Intel India Agentic AI Skilling Initiative, which introduces two programmes: 'Agentic AI for Everyone' and 'Engineering Agentic AI Systems'.
  • 'Agentic AI for Everyone' covers workflow automation, AI agents, and multi-agent systems, with hands-on exposure through no-code platforms.
  • 'Engineering Agentic AI Systems' focuses on designing, developing, and deploying AI-powered agentic systems, including agent architecture, tool integration, orchestration, memory, and deployment.
  • The initiative aims to expand access to industry-aligned and practical Agentic AI learning opportunities across India.

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The National Institute of Electronics and Information Technology (NIELIT) and the Semiconductor Laboratory (SCL) launched an indigenous 1.2-micron Process Design Kit (PDK) on the eChipHub platform. The PDK is accessible…


Indian Space Research Organisation (ISRO) Successfully Launches India's First Geosynchronous Imaging Satellite EOS-05

Key Updates:

  • The Indian Space Research Organisation (ISRO) successfully launched the GSLV-F17 rocket carrying the EOS-05 Earth observation satellite.
  • The launch was conducted from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, at 2:55 am.
  • EOS-05 is India's first imaging satellite to operate from a geosynchronous orbit about 36,000 km above Earth.
  • The GSLV-F17 placed EOS-05 into a Sub-Geosynchronous Transfer Orbit 18 minutes after liftoff.
  • EOS-05, weighing 2367 kg, is the heaviest satellite launched by GSLV to date.
  • The satellite is designed to provide real-time imagery for applications in agriculture, environment monitoring, and disaster management.
  • This mission was the 19th flight of the GSLV and the 107th launch from the spaceport.

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OpenAI launches GPT-6 Astra with record-breaking AI benchmark scores

Key Updates:

  • OpenAI has launched GPT-6 Astra, a new AI model described as the world's most intelligent and aligned.
  • GPT-6 Astra achieved a perfect 100% score on ExploitBench, compared to 78.5% for GPT-5.6 Sol.
  • On ARC-AGI-3, GPT-6 Astra scored 99.9% using the responses API harness.
  • GPT-6 Astra scored 97.6% on FrontierMath Tier 4, surpassing GPT-5.6 Sol's 83.0%.
  • GPT-6 Astra solved 88.0% of SRE-Bench tasks in a single attempt and 99.2% within four attempts.
  • During cybersecurity evaluations, GPT-6 Astra discovered two previously unknown zero-day vulnerabilities.
  • GPT-6 Astra meets the Critical threshold in cybersecurity under OpenAI's Preparedness Framework.
  • GPT-6 Astra is available to ChatGPT Plus, Pro, Business, and Enterprise users, and via API, Azure, and Bedrock.
  • GPT-6 Astra API pricing is $10 per million input tokens and $50 per million output tokens.
  • GPT-6 Astra supports Zero Data Retention for eligible API customers.

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Sarvam AI launched the Epoch Builder Edition platform for building, fine-tuning, and deploying large language models (LLMs) tailored to Indian languages and use cases. The platform features 7-billion and 70-billion…

Uday Ruddarraju, an Indian-origin tech leader, was appointed as the Chief Technology Officer (CTO) of Compute at OpenAI in July 2026. He joined OpenAI in 2025 from Elon Musk's xAI, where he served as Head of…


Topic

Sports

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Smriti Mandhana Becomes Leading Run-Scorer in Women’s International Cricket

Key Updates:

  • Smriti Mandhana became the highest run-scorer in women's international cricket, surpassing Mithali Raj's tally of 10,868 runs.
  • She achieved the milestone during the Women's Asia Cup 2026 Group A match against Hong Kong at Dubai International Stadium.
  • Mandhana scored 124 off 64 balls, helping India post 193/5.
  • Her 124 is the highest individual score in Women's Asia Cup history.
  • She now has 18 centuries in women's international cricket, the most, surpassing Meg Lanning's 17.
  • She recorded her 93rd 50-plus score, equalling Mithali Raj's record for the joint-most.

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