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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Bank of Baroda Becomes Second Public Sector Bank to Sponsor a Pension Fund Under Pension Fund Regulatory and Development Authority

• The Bank of Baroda (BoB) became the second Public Sector Bank (PSB) to enter the pension fund business after receiving the Pension Fund Regulatory and Development Authority (PFRDA) Certificate of Appointment as Sponsor of a Pension Fund under Section 27 of the PFRDA Act, 2013.
• The certificate was presented to Debadatta Chand, MD & CEO of Bank of Baroda, by Sanjay Lohiya, Secretary, Department of Financial Services (DFS) during the National Pension System (NPS) Divas 2026
• BoB established BoB Pension Fund Management Company Limited as a PFRDA-regulated pension fund management entity with an authorised capital of ₹100 crore.
• Bank of Baroda holds an 80.10% stake in BoB Pension Fund Management Company, while Baroda BNP Asset Management Company (AMC) holds the remaining 19.90% stake.
• BoB Pension Fund Management Company will operate in the pension and long-term savings segment under the regulatory framework of PFRDA.
• State Bank of India (SBI) was the first PSB to enter the pension fund business in April 2008 through its subsidiary SBI Pension Funds Private Limited.
• As of 31 August 2026, SBI Pension Funds Private Limited had Assets Under Management (AUM) of ₹6.14 lakh crore.
• BoB integrated Tatkal NPS with the BHIM App, enabling paperless digital onboarding, seamless account opening and wider digital access to the National Pension System (NPS).
• PFRDA aims to expand NPS coverage by 2–4 crore subscribers over the next 2–3 years, with a focus on non-government workers and broader workforce coverage by 2047.

About Bank of Baroda : 

• Founded : 1908
• Headquarters : Vadodara, Gujarat
• Tagline : “India’s International Bank.”
• It is a Government of India-owned Public Sector Bank

Finance Ministry Estimates India’s GDP Growth at 7.3% for Q2 FY27

• The Ministry of Finance (MoF) projected India’s real Gross Domestic Product (GDP) growth at 7.3% in Q2 FY27 (July–September 2026), supported by resilient domestic demand and investment.
• The projection was given in the Monthly Economic Review (MER) for September 2026 and is based on the nowcasting model unveiled in the Economic Survey 2026.
• India recorded 7.8% GDP growth in Q1 FY27 (April–June 2026), indicating strong economic momentum entering Q2.
• Consumption and investment continued to support economic growth, with electricity and fuel consumption, bank credit expansion, capital goods production and infrastructure activity showing sustained momentum.
• The services sector remained strong, supported by new business and employment, while automobile sales reflected steady demand in both rural and urban markets.
• India’s total exports reached nearly USD 400 billion during the first five months of FY27, highlighting a positive export outlook.
• If the current export pace continues, India’s overall exports could approach USD 1 trillion during FY27.

M1xchange Becomes First Trade Receivables Discounting System Platform to Implement CGTMSE Guarantee Mechanism

• The Government has operationalised CGTMSE-backed guarantee cover for eligible receivables financed through the Trade Receivables Discounting System (TReDS) to improve working-capital access for Micro and Small Enterprises (MSEs).
• The initiative was announced in the Union Budget 2026–27 and is being implemented through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• CGTMSE was established to facilitate credit flow to eligible Micro and Small Enterprises by providing credit guarantee support to lenders.
• TReDS enables MSME sellers to obtain funds against approved invoices from buyers instead of waiting for payment, thereby meeting their immediate working-capital requirements.
• Under the new mechanism, banks and other participating financiers can obtain CGTMSE guarantee cover for eligible receivables financed through TReDS, thereby reducing their lending risk.
• Ministry of Micro, Small and Medium Enterprises (MoMSME), CGTMSE and M1xchange collaborated to operationalise the guaranteed mechanism for eligible MSE receivables financed through TReDS.
• M1xchange became the first TReDS platform to operationalise the CGTMSE guarantee mechanism and completed the first CGTMSE-backed TReDS transaction.
• CGTMSE has been integrated with M1xchange’s TReDS platform through APIs, enabling a digitised guarantee process for participating financiers.
• Through the integrated system, financiers can check invoice eligibility and apply for CGTMSE guarantee cover in real time on the TReDS platform.
• The system enables automatic guarantee fee calculation based on the invoice value, financier type and tenor, followed by fee debit on a T+1 basis.
• The platform also enables automatic generation of the guarantee cover note and the corresponding invoice, making the guarantee process more efficient.
• The mechanism is expected to provide greater liquidity access and timely working capital to eligible MSME sellers by strengthening receivables financing through TReDS.
• The initiative also provides additional risk support to financiers, encouraging greater participation in MSE financing.
• The development follows the Union Budget 2026 announcement on credit guarantee support for TReDS transactions and the RBI’s 2026 TReDS framework, which permits financiers to obtain guarantee cover from eligible Government-established credit guarantee trusts.

 CURRENT AFFAIRS: NATIONAL AND STATE

Government Extends Remission of Duties and Taxes on Exported Products Scheme Till 31 December

• The Government of India has extended the continuation of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme up to 31 December 2026.
• The extended scheme will be available for exports made by:
• Domestic Tariff Units
• Advance Authorisation Holders
• Special Economic Zone Units
• Export Oriented Units

Key Highlights

• The RoDTEP Scheme provides refunds for embedded and un-rebated Central, State and local duties, taxes and levies borne on exported products.
• The scheme also covers prior-stage cumulative indirect taxes embedded in the exported products.
• The extension is aimed at providing continued support to Indian exporters and strengthening their competitiveness in international markets.
• The Ministry of Commerce and Industry stated that the measure reflects the Government's commitment to creating a level playing field for Indian exporters vis-à-vis competing economies in global markets.

Cabinet Approves Higher Minimum Support Prices for Rabi Crops for Marketing Season 2027-28

• The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved an increase in the Minimum Support Prices for all six mandated Rabi crops for Rabi Marketing Season 2027-28.
• The increase is intended to provide remunerative prices to farmers for their produce and encourage greater diversification towards pulses and oilseeds.
• The highest increase in Minimum Support Price has been announced for Safflower at ₹675 per quintal, followed by Rapeseed and Mustard at ₹413 per quintal.

Key Highlights

• The revised Minimum Support Prices for Rabi Marketing Season 2027-28 are:
• Wheat: ₹2,610 per quintal; increase of ₹25; cost of production ₹1,264; margin over cost 106%.
• Barley: ₹2,286 per quintal; increase of ₹136; cost of production ₹1,447; margin over cost 58%.
• Gram: ₹5,958 per quintal; increase of ₹83; cost of production ₹3,751; margin over cost 59%.
• Lentil (Masur): ₹7,390 per quintal; increase of ₹390; cost of production ₹3,854; margin over cost 92%.
• Rapeseed and Mustard: ₹6,613 per quintal; increase of ₹413; cost of production ₹3,367; margin over cost 96%.
• Safflower: ₹7,215 per quintal; increase of ₹675; cost of production ₹4,810; margin over cost 50%.
• Compared with the 2026-27 Minimum Support Prices, the revised rates increased by ₹25 for Wheat, ₹136 for Barley, ₹83 for Gram, ₹390 for Lentil, ₹413 for Rapeseed and Mustard, and ₹675 for Safflower.
• The expected margin over the All-India weighted average cost of production is 106% for Wheat, followed by 96% for Rapeseed and Mustard, 92% for Lentil, 59% for Gram, 58% for Barley and 50% for Safflower.
• The increase follows the Union Budget 2018-19 announcement that Minimum Support Prices should be fixed at at least 1.5 times the All-India weighted average Cost of Production.
• The Government has been encouraging cultivation of crops other than cereals, particularly pulses and oilseeds, by offering comparatively higher Minimum Support Prices for these crops.
• The increased Minimum Support Prices are expected to provide remunerative returns to farmers and encourage crop diversification.
• The cost of production used for calculating the margin includes paid-out expenses such as hired human labour, bullock labour or machine labour, rent paid for leased-in land, seeds, fertilisers, manures, irrigation charges, depreciation on farm implements and buildings, interest on working capital, diesel and electricity for operating pump sets, miscellaneous expenses, and the imputed value of family labour.
• Wheat procurement during 2014-15 to 2025-26 increased to 3,715 lakh metric tonnes, compared with 2,254 lakh metric tonnes during 2004-05 to 2013-14.
• Procurement of all six Rabi crops during 2014-15 to 2025-26 increased to 3,921 lakh metric tonnes, compared with 2,302 lakh metric tonnes during 2004-05 to 2013-14.
• The Minimum Support Price amount paid to wheat-growing farmers during 2014-15 to 2025-26 increased to ₹7.31 lakh crore, compared with ₹2.56 lakh crore during 2004-05 to 2013-14.
• The Minimum Support Price amount paid to farmers growing the six Rabi crops during 2014-15 to 2025-26 increased to ₹8.36 lakh crore, compared with ₹2.65 lakh crore during 2004-05 to 2013-14.

Housing and Urban Affairs Ministry Launches PRAGATI 50 Model City Framework

• Union Minister for Housing and Urban Affairs Manohar Lal launched a new set of initiatives under PRAGATI 50 to develop a Model City Framework for 50 cities across India.
• The framework covers cities selected for their economic, cultural, heritage, pilgrimage, tourism and administrative significance.
• The 50 cities are spread across 24 States and are intended to emerge as clean role-model cities for other cities across the country.
• The initiative includes major cities, culturally significant cities, major tourism destinations and economic centres.

Key Highlights

• PRAGATI 50 aims to bring visible improvements in urban cleanliness, solid waste management, used water management, sanitation and citizen participation.
• These improvements will be driven through a structured monitoring and review mechanism operating within a defined timeframe.
• In collaboration with the Central Mechanical Engineering Research Institute and the Ministry of Housing and Urban Affairs, the Swachh Bharat Test Bed and Innovation Centre was also launched at Durgapur.
• As part of Swachhata Hi Seva 2026, Union Minister Manohar Lal inaugurated a Reduce, Reuse and Recycle Centre at Sankalp Bhawan, New Delhi.
• The Reduce, Reuse and Recycle Centre will promote sustainable consumption, reuse, resource recovery and circularity in government workplaces.

About Ministry of Housing and Urban Affairs:

• Cabinet Minister: Manohar Lal Khattar
• Constituency: Karnal, Haryana
• Ministers of State (MoS): Tokhan Sahu

National Coastal Mission 2.0 Guidelines Launched to Strengthen Coastal Resilience

• Union Minister for Environment, Forest and Climate Change Bhupender Yadav launched the Guidelines for implementation of National Coastal Mission 2.0 (NCM 2.0) in New Delhi.
• National Coastal Mission 2.0 is a Central Sector Scheme with an approved financial outlay of ₹767 crore.
• The scheme will be implemented up to 2030–31 across 9 coastal States and 4 Union Territories of India.

Key Highlights

• The Mission aims to strengthen the resilience and sustainability of India's coastal regions and unlock the potential of the Blue Economy.
• Implementation will involve active participation and collaboration among coastal States, Union Territories and other stakeholders.
• NCM 2.0 will strengthen coastal resilience through:
• Vulnerability assessments
• Ecosystem restoration
• Pollution management
• Biodiversity conservation
• Sustainable tourism
• Spatial planning
• Research
• Capacity building
• The Mission will also promote ease of doing business through a clear and streamlined implementation framework.
• The implementation guidelines provide a framework for effective, transparent and timely implementation of NCM 2.0 and seek convergence with ongoing government schemes.
• The guidelines promote a whole-of-government approach, streamline processes, clarify institutional responsibilities and strengthen monitoring and accountability for coordinated implementation between the Central Government and coastal States and Union Territories.
• NCM 2.0 succeeds the earlier National Coastal Mission, which was implemented during 2021–22 to 2025–26.
• The Mission is aimed at supporting the sustainable development of India's coastal and marine ecosystems while strengthening climate resilience and promoting sustainable Blue Economy activities.

About Ministry of Environment, Forest and Climate Change:

• Cabinet Minister: Bhupender Yadav
• Constituency: Rajasthan
• Ministers of State (MoS): Kirti Vardhan Singh

Zuppa and Tamil Nadu Unmanned Aerial Vehicles Corporation Partner to Launch Drone Training Programme for Defence Personnel

• Indian defence drone technology company Zuppa Geo Navigation Technologies has partnered with the Tamil Nadu Unmanned Aerial Vehicles Corporation (TNUAVC) to launch a structured drone pilot training programme for Agniveers, serving defence personnel and personnel transitioning out of the armed forces.
• The programme is expected to begin in October 2026 and will initially be conducted at the Madras Regimental Centre, Wellington.
• The first batch will train 200 personnel, with the programme planned to scale up to approximately 1,000 personnel annually.

Key Highlights

• The training programme will run for four weeks and will cover Unmanned Aerial Vehicle flight simulation, rotorcraft and hybrid Unmanned Aerial Vehicle operations, aerodynamics, drone maintenance, safety and risk assessment, basic assembly, practical flying, mission planning and applicable Directorate General of Civil Aviation regulations.
• Personnel fulfilling the prescribed requirements will be eligible to obtain the Directorate General of Civil Aviation-recognised Small Category Remote Pilot Certificate for drones weighing more than 2 kilograms and up to 25 kilograms.
• The partnership forms part of Zuppa's plan to establish indigenous drone laboratories at Army regimental centres.
• Under the Memorandum of Understanding, Zuppa will establish the drone laboratory and provide the necessary infrastructure, mission simulators, learning management system and training facilities.
• Tamil Nadu Unmanned Aerial Vehicles Corporation will provide qualified instructors and conduct the pilot training in accordance with applicable Directorate General of Civil Aviation requirements.
• Zuppa and Tamil Nadu Unmanned Aerial Vehicles Corporation will jointly develop the curriculum, conduct assessments and facilitate the certification process.
• Zuppa Geo Navigation Technologies focuses on developing indigenous Unmanned Aerial Vehicle solutions for defence and security applications.

About Tamil Nadu:

• Chief Minister: Joseph Vijay
• Governor: Rajendra Vishwanath Arlekar (Additional Charge)
• Capital: Chennai
• National Parks: Guindy National Park, Gulf of Mannar Marine National Park, Indira Gandhi (Anamalai) National Park, Mudumalai National Park, Mukurthi National Park, Palani Hills National Park
• Wildlife Sanctuaries: Mudumalai Wildlife Sanctuary, Kalakad Wildlife Sanctuary, Point Calimere Wildlife Sanctuary, Vedanthangal Bird Sanctuary, Sathyamangalam Wildlife Sanctuary, Srivilliputhur Grizzled Squirrel Wildlife Sanctuary, Pulicat Lake Wildlife Sanctuary, Megamalai Wildlife Sanctuary

CURRENT AFFAIRS : INTERNATIONAL NEWS

India Joins European Union, Australia, Brazil and Canada to Launch Platform for Multilateralism, Peace and UN Reform

• India, along with the European Union (EU), Australia, Brazil and Canada, launched a new platform to defend multilateralism and promote peace, inclusive prosperity and reform of the UN system.
• The initiative was launched on the margins of the 80th Session of the United Nations General Assembly (UNGA) in New York.
• The inaugural Partners for Multilateralism, International Law, Peace and Prosperity (P4M) Summit was held in New York on 21 September 2026.
• External Affairs Minister S. Jaishankar represented India at the inaugural P4M Summit and stressed the importance of participative deliberations and transparent decision-making.
• The summit brought together European Council President António Costa, Australian Prime Minister Anthony Albanese, Brazil’s Foreign Minister Mauro Vieira, Barbados Prime Minister Mia Mottley, Canadian Prime Minister Mark Carney, Kenyan President William Ruto and Jaishankar.
• The initiative was initially outlined in a joint op-ed by António Costa, Mark Carney, William Ruto and Brazilian President Luiz Inácio Lula da Silva, and was subsequently expanded to include India, Australia and Canada.
• The participating countries called for stronger, more effective, representative and trusted multilateral institutions, particularly through reform of the United Nations and other global institutions.
• The initiative aims to strengthen the UN Charter, international law and the peaceful settlement of disputes, while promoting climate action and sustainable development.
• The platform also seeks greater international cooperation on emerging and global issues such as Artificial Intelligence (AI) and global health.
• The partners called for reform of international financial institutions to make the global financial system more representative and effective.
• The five core partners committed to greater cooperation through regional organisations and partnerships, while supporting fair, open, resilient and inclusive economic systems.
• The initiative also supports diversified supply chains and stronger international coordination to improve global economic resilience.

About European Union :

• President of the European Council : António Costa
• Headquarters : Brussels, Belgium
• Membership : 27 members
• Official Languages : 24 languages

About Australia :

• Prime Minister : Anthony Albanese
• Capital : Canberra
• Currency : Australian dollar

About Brazil :

• President : Luiz Inácio Lula da Silva
• Capital : Brasília
• Currency : Real

About Canada :

• Prime Minister : Mark Carney
• Capital : Ottawa
• Currency : Canadian dollar ($)

India Reiterates Commitment to Whale Conservation at 70th International Whaling Commission Meeting in Australia

• India reaffirmed its commitment to the conservation of whales and other cetaceans at the 70th Meeting of the International Whaling Commission (IWC-70) held in Hobart, Australia, from 28 September to 2 October 2026.
• IWC-70 coincided with the 80th anniversary of the signing of the International Convention for the Regulation of Whaling.
• The meeting adopted the Hobart Declaration by consensus to commemorate the 80th anniversary and also passed resolutions concerning cetacean bycatch, vessel strikes and cetacean strandings.
• Dr Urbain Brito of Benin was elected Chair of IWC-70, while Anne-Marie Svoboda of the Netherlands was elected Vice-Chair.
• India called for science-based cetacean conservation, stronger international cooperation, improved data on whale populations and threats, and closer coordination among governments, researchers and local communities.
• India protects cetaceans through the Wild Life (Protection) Act, 1972, Marine Protected Areas (MPAs) and Project Dolphin.
• The Arabian Sea humpback whale is among 25 species identified by India for focused conservation efforts.

About IWC :

• The International Whaling Commission (IWC) was established under the International Convention for the Regulation of Whaling, which was signed on 2 December 1946 in Washington, D.C., USA.
• The IWC currently has 89 member governments, and India joined the IWC in 1981.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

GAIL Director Sanjay Kumar Appointed Managing Director and Chief Executive Officer of Petronet LNG

• Sanjay Kumar, currently Director (Marketing) at GAIL (India) Ltd, has been appointed as the next Managing Director (MD) and Chief Executive Officer (CEO) of Petronet LNG Limited.
• Sanjay Kumar’s five-year term as MD & CEO of Petronet LNG will begin on 13 May 2027, after the extended tenure of incumbent CEO K. Singh ends on 12 May 2027.
• The appointment was approved by the Petronet LNG Board during a meeting held on 2 October 2026.
• Sanjay Kumar, aged 59, has been serving as Director (Marketing) at GAIL since mid-June 2023 and has more than 35 years of experience across the natural gas and LNG value chain.
• Kumar holds a Mechanical Engineering degree from IIT Kharagpur and an MBA.
• Before joining GAIL as Director (Marketing), Kumar served as Managing Director of Indraprastha Gas Ltd (IGL) from April 2022.
• Petronet LNG Ltd is India’s largest LNG importer and operates major LNG terminals at Dahej, Gujarat, and Kochi, Kerala.
• Petronet LNG has a combined LNG regasification capacity of 27.5 MMTPA, comprising 5 MMTPA at Dahej and 5 MMTPA at Kochi.
• Petronet LNG handles approximately 74% of India’s LNG imports and accounts for around 34% of the country’s gas supplies.
• Indian Oil Corporation (IOC), GAIL, Oil and Natural Gas Corporation (ONGC), and Bharat Petroleum Corporation (BPCL) each hold a 5% stake in Petronet LNG.
• Petronet LNG is pursuing expansion of its Dahej regasification capacity, a greenfield LNG terminal on India’s east coast, and a petrochemicals project at Dahej.
• The appointment comes as India seeks to increase the share of natural gas in its energy mix and expand LNG import and regasification infrastructure.
• Natural gas is widely used in fertiliser production, power generation, city gas distribution and industrial fuel applications, while LNG imports help meet domestic gas demand when pipeline production is insufficient.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Digital India BHASHINI (BHASHa INterface for India) Division and Comptroller and Auditor General of India Launch ‘CAG-BHASHINI Anuvaad’ for AI-Powered Audit Document Translation

• Digital India BHASHINI (BHASHa INterface for India) Division (DIBD), under Digital India Corporation (DIC) and the Ministry of Electronics and Information Technology (MeitY), in collaboration with the Comptroller and Auditor General of India (CAG), launched “CAG-BHASHINI Anuvaad”.
• CAG-BHASHINI Anuvaad is an AI-based multilingual document translation solution developed by BHASHINI specifically for translating official CAG documents and audit reports.
• The platform provides context-aware translation, consistent terminology and improved translation quality, while incorporating human oversight for accuracy and quality control.
• The solution addresses institutional requirements related to security, controlled access and data sovereignty, making it suitable for official government workflows.
• CAG-BHASHINI Anuvaad was launched during the closing ceremony of the 74th Hindi Diwas and Hindi Pakhwada 2026 at the CAG Office, New Delhi.
• The launch marked an important step in integrating Language AI into government institutional workflows and improving access to official information across Indian languages.
• Sanjay Murthy, Comptroller and Auditor General of India, attended the launch along with senior CAG officials.
• Digital India BHASHINI Division (DIBD) is India’s national platform for AI-powered multilingual digital inclusion and supports multilingual digital public services.

About BHASHINI :

• BHASHINI was launched in 2022 under the National Language Translation Mission (NLTM) to promote multilingual digital access.
• BHASHINI powers 800+ government websites, has enabled more than 9 billion cumulative AI inferences, and processes over 24 million AI inferences daily.
• BHASHINI supports 36 Indian text languages, 23 Indian voice languages and 35 international languages.
• CEO of the Digital India BHASHINI Division : Shri Amitabh Nag

SpaceX Deploys 130 Payloads, Including Google AI Chips, into Low Earth Orbit

• SpaceX (Space Exploration Technologies Corporation) successfully launched 130 payloads aboard its Falcon 9 rocket from Vandenberg Space Force Base, California,United States of America (USA).
• The launch was conducted under SpaceX’s Transporter-18 smallsat rideshare mission, with the payloads deployed into Low Earth Orbit (LEO).
• Google’s Project Suncatcher was among the key payloads launched during the mission.
• MVP is the first in-orbit experiment under Project Suncatcher, a space research programme announced by Google in 2025.
• Project Suncatcher aims to explore the development of a full orbital data centre using satellites operating in space.
• The MVP prototype satellite will evaluate how Google’s Tensor Processing Units (TPUs), which are specialised AI chips, function in space and support Artificial Intelligence (AI) and Machine Learning (ML) workloads.
• The mission carried a diverse range of commercial and government payloads, including CubeSats, microsatellites and hosted payloads.
• The mission also carried two spacecraft equipped with re-entry vehicles and four orbital transfer vehicles (OTVs).
• The four orbital transfer vehicles are designed to deploy 41 payloads at later stages after the initial launch.

Flying Wedge Defence & Aerospace Joins Hands with Portugal’s Keydef to Produce AI-Powered Unmanned Aerial Vehicles

• Flying Wedge Defence & Aerospace (FWDA), an Indian deep-tech defence startup, partnered with Portugal’s Keydef, the defence and aerospace division of Sketchpixel LDA, to manufacture advanced Unmanned Aerial Vehicle (UAV) and drone systems in Portugal for global markets.
• The partnership involves the manufacture of Kaal Bhairava Lite autonomous UAV and YAMA interceptor drone in Portugal.
• The partnership is backed by an initial investment of EUR 6 million (€6 million) from Keydef into Flying Wedge Defence.
• The collaboration will cover FWDA’s broader portfolio, including surveillance systems, air-defence systems and civilian applications such as precision agriculture.
• Keydef and Sketchpixel will contribute to the development of electronic components, Artificial Intelligence (AI) integration and advanced systems for the platforms.
• Keydef and Sketchpixel will pursue North Atlantic Treaty Organization (NATO) certification for systems manufactured in Portugal, enabling wider commercial access and visibility across NATO countries.
• The industrial partnership agreement was signed at Keydef headquarters in Braga, Portugal.
• The agreement was signed in the presence of Puneet Roy Kundal, Ambassador of India to Portugal, and Dulce Gomes, Consul-General of Angola in Porto.
• FWDA, Keydef and Sketchpixel have also partnered with the University of Minho to develop a long-duration uncrewed aircraft capable of achieving 100 hours of autonomy.
• The long-duration aircraft project will focus on aircraft design, advanced materials and autonomous systems, with the aim of developing persistent unmanned flight capabilities.
• A joint laboratory is planned at Fábrica do Arquinho from 2028 to strengthen long-term collaboration between industry and academia.

Indian Institute of Technology Kharagpur and Railway Institute Sign Memorandum of Understanding to Train Officials on Vande Bharat Systems

• The Indian Institute of Technology (IIT) Kharagpur and Indian Railways Institute of Mechanical and Electrical Engineering (IRIMEE), Jamalpur signed a five-year Memorandum of Understanding (MoU) to strengthen the technical capabilities of railway officials in advanced rolling stock technologies.
• The collaboration will provide specialised residential training on electrical safety and traction systems used in advanced trains, including Vande Bharat trains and three-phase Mainline Electric Multiple Units (MEMUs).
• The programme will be coordinated by the Centre for Railway Research (CRR) at IIT Kharagpur, combining its academic and research expertise with the operational requirements of Indian Railways.
• The MoU was signed by IRIMEE Dean Prem Prakash and IIT Kharagpur Dean of Outreach Prof. Swagata Dasgupta.
• The training curriculum will cover Vande Bharat traction and propulsion systems, converters, traction motors, Train Control and Management Systems (TCMS), electrical protection and three-phase MEMU traction equipment.
• The programme will also cover rolling stock diagnostics, electrical condition monitoring, reliability engineering, and regenerative and mechanical braking systems.
• The training will combine expert lectures, laboratory experiments, hands-on exposure to electrical and electronic systems, and guided field visits to provide railway officials with practical knowledge of modern train technologies.
• Vikranth Racherla of IIT Kharagpur’s Department of Mechanical Engineering, who is also Chairperson of the Centre of Excellence for Advanced Transportation (CoEAT), highlighted training in electrical safety, advanced propulsion and braking systems of Vande Bharat trains.
• The trained railway officials are expected to contribute to improving standards and specifications related to advanced rolling stock technologies.

Indian Institute of Management Jammu and Ladakh Administration Sign Memorandum of Understanding to Establish Satellite Campus in Leh

• Ladakh Administration and Indian Institute of Management (IIM) Jammu signed a Memorandum of Understanding (MoU) to establish a satellite campus of IIM Jammu at Leh.
• The satellite campus aims to expand access to quality management and professional education for students in the Union Territory of Ladakh.
• The campus will offer a four-year BBA (Honours) programme with an initial intake of 60 students.
• The BBA (Honours) programme is scheduled to commence in October 2026.
• The campus infrastructure was established within just two months of the initiative being undertaken jointly by the Ladakh Administration and IIM Jammu.
• Around 600 candidates expressed interest in the proposed programme, indicating strong demand for management education in the region.
• The MoU was signed in the presence of Lieutenant Governor Vinai Kumar Saxena.
• The satellite campus is expected to create new opportunities for Ladakh’s youth in knowledge, innovation, entrepreneurship and professional development.
• The initiative will reduce the need for students from Ladakh to move outside the Union Territory for quality management education, thereby reducing expenses related to travel, accommodation, food and books.
• The initiative is expected to strengthen higher education opportunities in Ladakh and contribute to the vision of Viksit Bharat through greater access to quality professional education.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Abu Dhabi Investment Authority Sells 2.01% Stake in Lenskart Solutions Through Open-Market Deal

• Abu Dhabi Investment Authority (ADIA), through its affiliate Platinum Jasmine A 2018 Trust, sold a 01% stake in Lenskart Solutions Limited through an open-market transaction.
• ADIA sold 5 crore shares of Lenskart Solutions at an average price of ₹683.02 per share, with the transaction valued at approximately ₹2,390.57 crore.
• Following the transaction, ADIA’s holding in Lenskart declined from 77% to 7.76%.
• Despite the stake sale, ADIA remained the second-largest public shareholder in Lenskart after SoftBank.
• Lenskart Solutions Limited is an Indian multinational eyewear company headquartered in Gurugram, Haryana.
• The buyers of the shares could not be identified from the available NSE bulk-deal data.
• Earlier, in June 2026, SoftBank Group sold a 25% stake in Lenskart for approximately ₹2,873 crore.

CURRENT AFFAIRS: SPORTS NEWS

Vaibhav Sooryavanshi Named in TIME100 Next 2026

• 15-year-old Indian cricketer Vaibhav Sooryavanshi (Bihar) has been featured in the TIME100 Next 2026 list, becoming the youngest person selected across the 2026 TIME100 franchise, according to the source.
• His official profile published by TIME Magazine highlights his rapid journey from a small village in Bihar to the international cricket stage.
• Sooryavanshi earned recognition after helping India win the Under-19 World Cup and becoming the youngest player to make his senior India debut against England, surpassing the long-standing record of Sachin Tendulkar.
• His entry into TIME100 Next follows two years of notable performances and records in domestic and international cricket.

Key Highlights

• Sooryavanshi made his First-Class debut at the age of 12, representing Bihar in the Ranji Trophy.
• In November 2024, Rajasthan Royals selected him in the Indian Premier League auction, making him the youngest player ever bought at an Indian Premier League auction.
• In April 2025, shortly after turning 14, he became the youngest player to score a century in the Indian Premier League.
• He smashed a 35-ball century against Gujarat Titans, recording the fastest century by an Indian in the tournament's history, according to the source.
• In early 2026, Sooryavanshi played a major role in India's Under-19 World Cup triumph and was named the Player of the Tournament.
• He scored 175 runs from 80 balls in the Under-19 World Cup final, highlighting his exceptional batting performance.
• In 2026, he made his senior debut for India and became the youngest senior debutant for India, surpassing Sachin Tendulkar's record.
• Vaibhav Sooryavanshi is the only Indian featured on the TIME100 Next Rising Stars list of 2026, according to the source.
• The broader 2026 TIME100 franchise also recognised several prominent Indians and people of Indian origin across fields such as technology, cinema, food and politics.
• Ranbir Kapoor was featured under the Artists category for his acting talent and contribution to global Indian cinema.
• Sundar Pichai, Chief Executive Officer of Alphabet and Google, was featured under the Titans category and recognised for his leadership in Google's artificial intelligence developments and technology infrastructure.
• Vikas Khanna, chef and author, was featured under the Innovators category for taking Indian cuisine to a global audience and for his charitable work.
• Neal Mohan, Chief Executive Officer of YouTube, was featured under the Innovators category for his role in expanding the global digital creator economy.
• Zohran Mamdani, a New York State Assemblymember, was featured under the Leaders category for his political leadership and community advocacy in New York.
• Dr. Kiran Musunuru, a geneticist and physician, was featured under the Pioneers category for his work in gene editing and heart disease treatment.

India Finishes Fourth with 85 Medals at Asian Games 2026

• India concluded its campaign at the 2026 Asian Games in Aichi-Nagoya, Japan, with 85 medals comprising 21 gold, 27 silver and 37 bronze medals.
• India finished 4th in the overall medal tally, behind China, Japan and South Korea.
• India won 21 fewer medals than its 106-medal haul at the Hangzhou Asian Games.
• The Asian Games baton was handed over to Doha, Qatar, which will host the 2030 Asian Games.

Asian Games 2026 Medal Tally

Sport-wise Medal Performance

• Athletics: India won 24 medals — 1 gold, 9 silver and 14 bronze. The women’s 4×400 metre relay team won India’s only gold medal in athletics.
• Shooting: India won 15 medals — 3 gold, 8 silver and 4 bronze. Neeru Dhanda won gold in both the individual and mixed team trap events and became the first Indian woman to win an individual Asian Games gold medal in trap shooting. She scored 26 in the women’s individual trap event. The 10-metre Air Pistol Mixed Team also won gold.
• Archery: India won 9 medals — 5 gold, 2 silver and 2 bronze, the highest number of gold medals won by India in any sport. 17-year-old Kumkum Anil Mohod won individual and mixed team recurve gold medals and became the first Indian to win an individual Asian Games gold medal in recurve archery.
• Boxing: India won 6 medals — 3 gold and 3 bronze. Lovlina Borgohain, Parveen Hooda and Ankush Panghal won gold medals. Parveen’s achievement came after her Hangzhou bronze medal was stripped following three doping whereabouts failures. Lovlina and Parveen joined Mary Kom among Indian women boxers who have won Asian Games titles. Ankush Panghal joined Amit Panghal as the only other Indian male boxer to win an Asian Games gold medal.
• Wrestling: India won 6 medals — 2 gold, 2 silver and 2 bronze, its best wrestling campaign since Jakarta 1962. Freestyle wrestlers won four of the six medals, including gold medals for Aman Sehrawat and Sujeet Kalkal.
• Squash: India won 5 medals — 2 silver and 3 bronze. Abhay Singh and Anahat Singh won silver in men’s and women’s singles respectively. They also contributed to India’s bronze-medal haul through the men’s team, women’s team and mixed doubles events.
• Cricket: India won gold medals in both the men’s and women’s events.
• Hockey: India won gold medals in both the men’s and women’s events. The men’s team successfully defended its Asian Games title for the first time, while the women’s team won its second Asian Games gold after 1982.
• Sailing: India won 3 medals, with the men’s skiff team winning silver and the women’s skiff team and Nethra Kumanan winning bronze medals.
• Golf: Pranavi Urs became the first Indian woman to win an individual Asian Games gold medal in golf and was also part of the Indian women’s team that won silver.
• Nine other sports also contributed medals, including Roshibina Devi’s third consecutive Asian Games medal in wushu.

India’s Gold Medallists – 21

1. Athletics: Kiran, Prachi, Poovamma Machettira and Vithya Ramraj — Women’s 4×400 metre relay.
2. Shooting: Kamaljeet and Suruchi Singh — 10-metre Air Pistol Mixed Team.
3. Shooting: Neeru Dhanda — Women’s Trap Individual; ended India’s 48-year wait for an individual trap gold since Randhir Singh’s 1978 gold.
4. Shooting: Neeru Dhanda and Kynan Chenai — Mixed Team Trap; India’s first-ever Asian Games gold in the trap mixed team event, with 34 hits out of 40, a new Asian record.
5. Kabaddi: Indian Women’s Kabaddi Team.
6. Kabaddi: Indian Men’s Kabaddi Team.
7. Hockey: Indian Women’s Hockey Team; won gold after 44 years since 1982 and secured qualification for the Los Angeles 2028 Olympic Games.
8. Hockey: Indian Men’s Hockey Team; achieved its first successful Asian Games title defence and secured qualification for the Los Angeles 2028 Olympic Games.
9. Cricket: Indian Women’s Cricket Team.
10. Cricket: Indian Men’s Cricket Team.
11. Archery: Jyothi Surekha Vennam, Prithika Pradeep and Taniparthi Chikitha — Women’s Compound Team.
12. Archery: Taniparthi Chikitha and Sahil Rajesh Jadhav — Compound Mixed Team.
13. Archery: Sahil Jadhav, Kushal Dalal and Thirumuru Ganesh Mani Ratnam — Men’s Compound Team.
14. Archery: Ankita Bhakat, Kirti and Kumkum Anil Mohod — Women’s Recurve Team; first-ever gold for the Indian women’s recurve team at the Asian Games.
15. Archery: Kumkum Anil Mohod — Women’s Individual Recurve; first-ever gold for India in the event.
16. Boxing: Lovlina Borgohain — Women’s 75 kilogram; became the second Indian woman after Mary Kom to win Asian Games boxing gold since 2014.
17. Boxing: Parveen Hooda — Women’s 65 kilogram.
18. Boxing: Ankush Panghal — Men’s 75 kilogram.
19. Wrestling: Aman Sehrawat — Men’s Freestyle 57 kilogram; became the first Indian wrestler to become Asian Games champion in the men’s 57 kilogram category.
20. Wrestling: Sujeet Kalkal — Men’s Freestyle 65 kilogram; India’s first wrestling gold since 2018.
21. Golf: Pranavi Urs — Women’s Individual.

India’s Silver Medallists – 27

1. Athletics: Sreeshankar Murali — Men’s Long Jump.
2. Athletics: Vishal T.K., M.R. Poovamma, Manu T.S. and Vithya Ramraj — Mixed 4×400 metre relay.
3. Athletics: Gulveer Singh — Men’s 10,000 metres.
4. Athletics: Sawan Barwal — Men’s Marathon; ended India’s 44-year wait for a marathon medal and became the first Indian to win one outside home soil.
5. Athletics: Tajinderpal Singh Toor — Men’s Shot Put.
6. Athletics: Sarvesh Kushare — Men’s High Jump.
7. Athletics: Gulveer Singh — Men’s 1,500 metres.
8. Athletics: Ancy Sojan — Women’s Long Jump.
9. Athletics: Yashvir Singh — Javelin.
10. Shooting: Elavenil Valarivan — Women’s 10-metre Air Rifle Individual.
11. Shooting: Elavenil Valarivan, Sonam Maskar and Vidarsa Vinod — Women’s 10-metre Air Rifle Team.
12. Shooting: Himanshu Dhillon — Men’s 10-metre Air Rifle Individual.
13. Shooting: Rudrankksh Patil, Himanshu Dhillon and Parth Mane — Men’s 10-metre Air Rifle Team.
14. Shooting: Aishwary Pratap Singh Tomar, Rudranksh Patil and Niraj Kumar — Men’s 50-metre Rifle 3 Positions Team.
15. Shooting: Ashi Chouksey, Vidarsa Kochalumkal Vinod and Tilottama Sen — Women’s 50-metre Rifle 3 Positions Team.
16. Shooting: Esha Singh — Women’s 25-metre Air Pistol.
17. Shooting: Neeru Dhanda, Manisha Keer and Aashima Ahlawat — Women’s Trap Team.
18. Archery: Dhiraj Bommadevara, Neeraj Chauhan and Yashdeep Bhoge — Men’s Recurve Team.
19. Archery: Dhiraj Bommadevara and Kumkum Anil Mohod — Mixed Team Recurve.
20. Squash: Anahat Singh — Women’s Singles; became the first Indian to win women’s singles silver at the Asian Games.
21. Squash: Abhay Singh — Men’s Singles; became India’s second singles medallist in Asian Games squash history, after Saurav Ghosal.
22. Weightlifting: Mirabai Chanu — Women’s 49 kilogram; India’s first Asian Games weightlifting medal since Karnam Malleswari’s silver in 1998.
23. Wushu: Roshibina Devi — Women’s 60 kilogram Sanda; secured her third consecutive Asian Games medal.
24. Wrestling: Antim Panghal — Women’s 53 kilogram.
25. Wrestling: Nitesh Siwach — Greco-Roman 97 kilogram.
26. Sailing: Prince Noble Kurisinkal and Manu Francis — Men’s Skiff.
27. Golf: Indian Women’s Team.

India’s Bronze Medallists – 37

1. Athletics: Pooja — Women’s High Jump.
2. Athletics: Gurindervir Singh, Animesh Kujur, Harita Bhadra and Sneha S.S. — Mixed Team 4×100 metre relay.
3. Athletics: Dharmveer Choudhary, Manu T., Jay Kumar and Vishal T.K. — Men’s 4×400 metre relay.
4. Athletics: Rohit Yadav — Javelin.
5. Athletics: Prachi — Women’s 400 metres.
6. Athletics: Harita Bhadra — Women’s 200 metres; India’s first medal in the event at the Asian Games in eight years.
7. Athletics: Tejaswin Shankar — Men’s Decathlon.
8. Athletics: Parul Chaudhary — Women’s 3,000-metre Steeplechase.
9. Athletics: Baranica Elangovan — Women’s Pole Vault; became the first Indian to win an Asian Games medal in women’s pole vault.
10. Athletics: Vithya Ramraj — Women’s 400-metre Hurdles; surpassed P.T. Usha’s four-decade-old record from 1984.
11. Athletics: Parul Chaudhary — Women’s 5,000 metres.
12. Athletics: Seema Kumari — Women’s 10,000 metres.
13. Athletics: Manpreet Kaur — Women’s Shot Put.
14. Athletics: Gulveer Singh — Men’s 5,000 metres.
15. Shooting: Rudrankksh Patil — Men’s 10-metre Air Rifle Individual.
16. Shooting: Raiza Dhillon, Maheshwari Chauhan and Parinaaz Dhaliwal — Women’s Skeet Team; India’s first women’s skeet team medal in Asian Games history.
17. Shooting: Anantjeet Singh Naruka, Bhavtegh Singh Gill and Mairaj Ahmad Khan — Men’s Skeet Team.
18. Shooting: Anantjeet Singh Naruka and Parinaaz Dhaliwal — Mixed Skeet Team; India’s first-ever mixed team medal in skeet shooting.
19. Archery: Ganesh Thirumuru — Men’s Individual Compound.
20. Archery: Neeraj Chauhan — Men’s Individual Recurve.
21. Boxing: Narender Berwal — Men’s above 90 kilogram.
22. Boxing: Priya Ghanghas — Women’s 60 kilogram.
23. Boxing: Kapil Pokhariya — Men’s 90 kilogram.
24. Squash: Joshana Chinappa and Velavan Senthilkumar — Mixed Doubles.
25. Squash: Joshana Chinappa, Anahat Singh and Tanvi Khanna — Women’s Team.
26. Squash: Abhay Singh, Veer Chotrani and Velavan Senthilkumar — Men’s Team.
27. Table Tennis: Manush Shah and Diya Chitale — Mixed Doubles.
28. Mixed Martial Arts: Suchika Tariyal — Women’s Traditional Mixed Martial Arts, 60 kilogram; India’s first-ever Asian Games medal in Mixed Martial Arts.
29. Kurash: Pincky Balhara — Women’s 78 kilogram.
30. Soft Tennis: Jay Meena — Men’s Singles; became the first Indian Asian Games medallist in soft tennis.
31. Badminton: Lakshya Sen, Ayush Shetty, H.S. Prannoy, Kidambi Srikanth, Tharun Mannepalli, Satwiksairaj Rankireddy, Chirag Shetty, Hariharan Amsakarunan, M.R. Arjun and Dhruv Kapila — Men’s Team.
32. Rowing: Satnam Singh and Salman Khan — Men’s Double Sculls; India’s first-ever Asian Games medal in double sculls.
33. Wrestling: Deepak Punia — Men’s Freestyle 97 kilogram.
34. Wrestling: Sunil Kumar — Greco-Roman 87 kilogram.
35. Sailing: Shital Verma and Harshita Tomar — Women’s Skiff.
36. Sailing: Nethra Kumanan — Women’s Dinghy.
37. Sepaktakraw: Indian Men’s Quadrant Team.

Daily CA One- Liner: October 6

• The Government of India has extended the continuation of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme up to 31 December 2026
• The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved an increase in the Minimum Support Prices for all six mandated Rabi crops for Rabi Marketing Season 2027-28
• Union Minister for Housing and Urban Affairs Manohar Lal launched a new set of initiatives under PRAGATI 50 to develop a Model City Framework for 50 cities across India
• Union Minister for Environment, Forest and Climate Change Bhupender Yadav launched the Guidelines for implementation of National Coastal Mission 2.0 (NCM 2.0) in New Delhi
• Indian defence drone technology company Zuppa Geo Navigation Technologies has partnered with the Tamil Nadu Unmanned Aerial Vehicles Corporation (TNUAVC) to launch a structured drone pilot training programme for Agniveers, serving defence personnel and personnel transitioning out of the armed forces
• 15-year-old Indian cricketer Vaibhav Sooryavanshi (Bihar) has been featured in the TIME100 Next 2026 list, becoming the youngest person selected across the 2026 TIME100 franchise, according to the source
• India concluded its campaign at the 2026 Asian Games in Aichi-Nagoya, Japan, with 85 medals comprising 21 gold, 27 silver and 37 bronze medals.
• The Bank of Baroda (BoB) became the second Public Sector Bank (PSB) to enter the pension fund business after receiving the Pension Fund Regulatory and Development Authority (PFRDA) Certificate of Appointment as Sponsor of a Pension Fund under Section 27 of the PFRDA Act, 2013.
• The Ministry of Finance (MoF) projected India’s real Gross Domestic Product (GDP) growth at 7.3% in Q2 FY27 (July–September 2026), supported by resilient domestic demand and investment.
• The Government has operationalised CGTMSE-backed guarantee cover for eligible receivables financed through the Trade Receivables Discounting System (TReDS) to improve working-capital access for Micro and Small Enterprises (MSEs).
• India, along with the European Union (EU), Australia, Brazil and Canada, launched a new platform to defend multilateralism and promote peace, inclusive prosperity and reform of the UN system.
• India reaffirmed its commitment to the conservation of whales and other cetaceans at the 70th Meeting of the International Whaling Commission (IWC-70) held in Hobart, Australia, from 28 September to 2 October 2026.
• Sanjay Kumar, currently Director (Marketing) at GAIL (India) Ltd, has been appointed as the next Managing Director (MD) and Chief Executive Officer (CEO) of Petronet LNG Limited.
• Digital India BHASHINI (BHASHa INterface for India) Division (DIBD), under Digital India Corporation (DIC) and the Ministry of Electronics and Information Technology (MeitY), in collaboration with the Comptroller and Auditor General of India (CAG), launched “CAG-BHASHINI Anuvaad”.
• SpaceX (Space Exploration Technologies Corporation) successfully launched 130 payloads aboard its Falcon 9 rocket from Vandenberg Space Force Base, California,United States of America (USA).
• Flying Wedge Defence & Aerospace (FWDA), an Indian deep-tech defence startup, partnered with Portugal’s Keydef, the defence and aerospace division of Sketchpixel LDA, to manufacture advanced Unmanned Aerial Vehicle (UAV) and drone systems in Portugal for global markets.
• The Indian Institute of Technology (IIT) Kharagpur and Indian Railways Institute of Mechanical and Electrical Engineering (IRIMEE), Jamalpur signed a five-year Memorandum of Understanding (MoU) to strengthen the technical capabilities of railway officials in advanced rolling stock technologies.
• Ladakh Administration and Indian Institute of Management (IIM) Jammu signed a Memorandum of Understanding (MoU) to establish a satellite campus of IIM Jammu at Leh.
• Abu Dhabi Investment Authority (ADIA), through its affiliate Platinum Jasmine A 2018 Trust, sold a 01% stake in Lenskart Solutions Limited through an open-market transaction.