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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

EPF Exempted Establishments Allowed to Invest in New Development Bank Rupee-Denominated Bonds

• The Government of India has allowed specified New Development Bank (NDB) bonds to become eligible for investment by exempted establishments under the EPFO framework.
• Under the “Debt Instruments and Related Investments” category, rupee-denominated bonds issued by NDB with an outstanding maturity of at least 3 years have been included.
• NDB bonds have been included alongside bonds issued by the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and Asian Development Bank (ADB).
• An EPF exempted establishment can invest a minimum of 35% and maximum of 45% of its funds in investments covered under the Debt Instruments and Related Investments category, subject to applicable rules.
• An EPF Exempted Establishment is an employer that operates its own Private Provident Fund Trust after obtaining exemption under Section 17 of the Employees’ Provident Funds and Miscellaneous Provisions Act.
• Such exempted establishments are permitted to manage employees’ provident-fund savings through their own PF Trust, while providing benefits at least equivalent to those available under EPFO.
• The New Development Bank (NDB) is a multilateral development bank established by the BRICS countries — Brazil, Russia, India, China and South Africa.
• The main objective of NDB is to mobilise resources and finance infrastructure and sustainable-development projects in emerging markets and developing countries (EMDCs).
• NDB supports economic growth, environmental sustainability and social development in its member countries.
• NDB is increasingly involved in multicurrency lending through currency swaps and is expanding its non-sovereign operations.
• NDB provides financing to the private sector through direct lending, public-private partnerships (PPPs) and blended finance.
• Under its current General Strategy, NDB has set a target of 30% of financing for non-sovereign operations.

Reserve Bank of India Imposes ₹27.30 Lakh Penalty on Asset Care & Reconstruction Enterprise

• The Reserve Bank of India (RBI) imposed a monetary penalty of ₹27.30 lakh on Asset Care & Reconstruction Enterprise Limited (ACRE), an Asset Reconstruction Company (ARC).
• The penalty was imposed through an RBI order dated 8 September 2026 for non-compliance with RBI directions on Income Recognition.
• The penalty was imposed under Section 12 read with Section 30A(1) of the SARFAESI Act, 2002.
• SARFAESI stands for Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
• RBI conducted a statutory inspection of ACRE with reference to its financial position as on 31 March 2025.
• Based on the supervisory findings of non-compliance and related correspondence, RBI issued a show-cause notice to ACRE asking why a monetary penalty should not be imposed.
• RBI considered ACRE’s reply to the show-cause notice, additional submissions and oral representations during the personal hearing before taking the final decision.
• After examining the submissions, RBI found the charge of non-compliance with its Income Recognition directions sustained, warranting the imposition of the monetary penalty.

JioFinance App Launches JioFinance+ and JioFinance360 Features

• Jio Finance Platform and Service Limited (JFPSL), a wholly owned subsidiary of Jio Financial Services Limited, has launched two new features on the JioFinance app — JioFinance+ and JioFinance360.
• JioFinance+ is a membership programme based on a “value-back” model, under which part of the commission earned from eligible marketplace transactions is returned to customers as direct benefits.
• JioFinance+ membership is free for the first 365 days and provides customers with various financial rewards.
• JioFinance+ offers cash valuebacks of up to ₹5,000 on personal loans and up to ₹1,000 on credit cards.
• JioFinance+ also provides an additional 1% JioGold on lump-sum gold purchases of ₹2,500 and above.
• Eligible transactions under JioFinance+ provide 25% additional JioPoints to members.
• JioFinance360 is a consolidated financial-health dashboard that combines information on bank accounts, investments, loans, insurance policies and recurring expenses into a single report.
• JioFinance360 provides users with a Financial Health Score ranging from 0 to 100.
• The Financial Health Score is assessed across five pillars: Spending, Borrowing, Wealth, Insurance and Tax.
• JioFinance360 uses Large Language Models (LLMs) along with a rule-based insight engine to generate personalised financial recommendations.
• Jio Financial Services Limited is registered with the Reserve Bank of India (RBI) as a Core Investment Company (CIC).
• CEO of JFPSL : Surbhe S. Sharma

PhonePe to Enter United Arab Emirates with Its First International Operations

• PhonePe, India’s largest UPI app by market share, is set to launch its first local international operations in the United Arab Emirates (UAE).
• The Bengaluru-based fintech company has obtained two licences from the Central Bank of the UAE to begin its operations in the country.
• The UAE licences will allow PhonePe to offer consumer payment instruments, including digital wallets and gift cards, along with e-payment acceptance infrastructure for merchants.
• PhonePe’s UAE operations will be able to use the country’s domestic payment infrastructure, including Aani, the UAE’s instant-payment platform.
• India’s Unified Payments Interface (UPI) is already connected with the UAE’s local payment network, supporting cross-border digital payments.
• The UAE entry is expected to create new use cases such as India–UAE remittances and facilitate domestic transactions for UAE-registered users.
• Sameer Nigam, Co-founder and CEO of PhonePe, announced the UAE expansion at the Global Fintech Fest 2026 in Mumbai.
• PhonePe’s UAE launch marks an important step in the internationalisation of India’s digital-payment ecosystem.
• UPI is currently (As of Sep 2026) accepted or being deployed in 11 countries, reflecting the growing global reach of India’s digital-payment infrastructure.
• Countries mentioned in connection with UPI’s international expansion include France, Qatar, Bhutan, Cambodia, Singapore, Sri Lanka and Mauritius, along with the UAE.
• Indian fintech companies are increasingly expanding into international markets, particularly in Southeast Asia and West Asia.
• Paytm is also expanding its international presence in countries such as Indonesia and Luxembourg through its international operations.
• Paytm has an international arm called Paytm Arab Payments (PAPL), established in partnership with Abbar Global Opportunities Holdings (AGOHL).

Indian Bank Gets Board Approval to Open Representative Office in Dubai

• Indian Bank has received Board approval to open a representative office in Dubai, UAE, to expand its overseas operations and strengthen its presence in West Asia.
• The proposed Dubai Representative Office will primarily support Non-Resident Indian (NRI) customers and strengthen business opportunities between India and the UAE.
• Around 33% of Dubai’s working population is Indian, making Dubai an important market for serving the Indian diaspora.
• Indian Bank is currently seeking the required regulatory approvals for establishing the Dubai representative office.
• Indian Bank already has an international presence through a full-service branch in Singapore, branches in Colombo and Jaffna in Sri Lanka, and an IFSC Banking Unit (IBU) at GIFT City, Gandhinagar.
• The IFSC Banking Unit (IBU) at GIFT City functions as an offshore/foreign branch of Indian Bank.
• Indian Bank is also exploring the possibility of establishing a presence in Malaysia and Indonesia as part of its international expansion strategy.
• Indian Bank plans to add around 100 domestic branches during 2026, with a focus on expanding its presence in the Central and Western regions of India.
• As of 30 June 2026, Indian Bank had 6,003 domestic branches.
• Indian Bank became the seventh-largest public sector bank after the amalgamation of Allahabad Bank with Indian Bank in 2020.

About Indian Bank :

• Established : 1907
• Headquarters : Chennai, Tamil Nadu.
• Managing Director (MD) & Chief Executive Officer (CEO) : Binod Kumar

National Payments Corporation of India Launches UPI Tap & Pay and MyUPI at Global Fintech Fest in Mumbai

• The National Payments Corporation of India (NPCI) unveiled two new digital-payment products, UPI Tap & Pay and MyUPI, at the Global Fintech Fest in Mumbai.
• UPI Tap & Pay enables users to make payments by tapping an NFC-enabled smartphone on an NFC-enabled Point-of-Sale (PoS) terminal without opening a UPI application.

Key Highlights :

• UPI Tap & Pay uses Near Field Communication (NFC) technology to enable contactless UPI payments.
• A key feature of UPI Tap & Pay is that the user’s smartphone does not require an active mobile internet connection; the transaction can use the internet connectivity of the PoS terminal.
• UPI Tap & Pay can work in low or no-network conditions, including situations such as airplane mode, subject to the supported payment setup.
• UPI Tap & Pay is currently supported by 32 banks, 15 UPI applications, 8 acquirers and aggregators, and 18 payment service providers.
• MyUPI is an AI-powered customer-support and payments assistant integrated with UPI Help.
• MyUPI uses NPCI’s Small Language Model (FiMI) to provide intelligent assistance to UPI users.
• MyUPI brings payment controls, transaction history, complaint management and safety features across UPI apps and accounts into a single interface.
• MyUPI includes a Merchant Trust Check to help users assess a merchant before making a payment.
• MyUPI provides a “Pay Again” option for quickly making repeat transactions.
• MyUPI enables users to file complaints automatically using natural language, simplifying the complaint-management process.
• MyUPI also allows users to de-link their mobile number from UPI IDs and provides a Safety Switch to instantly pause all UPI debits.
• MyUPI is supported by 29 banks, 25 UPI applications and 14 technology service providers.
• NPCI stated that UPI processes around 24 billion transactions per month, highlighting its large-scale role in India’s digital-payment ecosystem.
• NPCI also reported that UPI has already completed around 49 billion total transactions, while ₹700 billion has been transacted through biometrics.
• The two products aim to make digital payments more seamless, convenient and secure by combining UPI with NFC technology and Artificial Intelligence (AI).
• The launches took place in the presence of the Governor of the Reserve Bank of India (RBI) at the Global Fintech Fest.

Reserve Bank of India and Securities and Exchange Board of India Launch “Demat 2.0” Pilot for Tokenised Corporate Bonds

• The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) launched “Demat 2.0”, a pilot framework for tokenising corporate bonds using Distributed Ledger Technology (DLT) and the RBI’s Central Bank Digital Currency (CBDC).

Key Highlights :

• Under Demat 2.0, corporate bonds are created as digital tokens on a distributed ledger, while the money leg is settled through the RBI’s wholesale e-rupee/CBDC.
• The framework enables “atomic settlement”, under which the bond and money move simultaneously, reducing settlement risk and delays.
• Demat 2.0 aims to make corporate-bond transactions faster, safer and more efficient, with investors potentially receiving funds immediately after secondary-market transactions instead of waiting 2–3 days under earlier settlement processes.
• Three companies—REC, Larsen & Toubro (L&T) and IIFL—have already issued tokenised corporate bonds, collectively raising ₹1,025 crore.
• REC became the first issuer, raising ₹500 crore, while L&T raised ₹500 crore and IIFL raised ₹25 crore.
• The first phase of the pilot focuses on bond issuance, while later phases will introduce secondary-market buying and selling through existing RFQ platforms and eventually extend access to retail investors.
• India is the first country where corporate bonds have been issued natively on a distributed ledger, with ownership records maintained by statutory depositories and the funds leg settled using CBDC within the regulated market infrastructure.
• The pilot involves CDSL and NSDL, stock exchanges such as BSE and NSE, banks including HDFC Bank and ICICI Bank, and NPCI.
• The ₹500-crore L&T tokenised bond issue attracted investors including SBI, Axis Bank, SBI Mutual Fund and NSDL.
• Demat 1.0, launched in 1996, digitised securities that were previously held in physical paper form, whereas Demat 2.0 combines tokenised securities, digital settlement assets and smart contracts with settlement through CBDC.
• The pilot also seeks to preserve legal certainty of ownership while introducing new technology and financial-market infrastructure.
• The tokenisation framework could eventually be expanded from corporate bonds to other asset classes such as equity, mutual funds and gold.
• Other debt instruments, including Commercial Papers (CPs) and Certificates of Deposit (CDs), already trade in tokenised form using the Unified Markets Interface (UMI) and CBDC.
• RBI Executive Director P. Vasudevan stated that the RBI is also exploring a gold tokenisation programme.
• Tokenisation of financial assets involves representing assets digitally and can divide assets into smaller units, potentially lowering the minimum investment requirement and improving retail accessibility.
• Tokenisation can provide stronger ownership records, lower settlement times and greater efficiency in financial-market transactions. India’s fintech ecosystem ranks third globally and has 30 fintech unicorns, according to the information provided.
• The RBI is developing Digital Public Infrastructure (DPI) for next-generation financial services.
• Unified Lending Interface (ULI) is an RBI-developed digital infrastructure designed to enable frictionless, consent-based credit delivery and democratise access to credit.

SBI Mutual Fund Launches ‘Aarambh’ Programme for First-Time Investors

• SBI Mutual Fund, India’s largest fund house, has launched “Aarambh”, an assisted digital onboarding programme aimed at helping first-time investors begin their mutual-fund investment journey.
• “Aarambh” means “a beginning” and is designed to provide new investors with a simple, seamless and guided investment onboarding experience.
• The initiative helps investors understand basic concepts such as Mutual Funds, Systematic Investment Plans (SIPs), risk, returns and long-term investing.
• Under Aarambh, an SBI branch official/authorised representative, SBI MF Relationship Manager or Mutual Fund Distribution Partner can assist a prospective investor throughout the onboarding process.
• The entire process, from the first interaction to completing the first investment, can be completed through a single digital session.
• Aarambh introduces an Aadhaar-based biometric eKYC and eSign facility, allowing investors to complete onboarding using a fingerprint.
• The OTP-based onboarding route will continue to remain available for investors who prefer using One-Time Passwords (OTPs).
• The biometric facility is particularly useful for investors whose mobile number is not linked with Aadhaar, for whom OTP-based onboarding may be difficult.
• Aarambh provides a fully digital investment experience even for individuals who do not hold a PAN, enabling a segment that previously depended on physical and paper-based processes.
• First-time investors can also use Jan Nivesh, which enables them to start SIPs from as low as ₹250 per month.
• SBIFMPL is a joint venture between State Bank of India (SBI), an Indian public sector bank, and Amundi, a European asset management company.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Supreme Court Launches Jan Soochna Seva in Hindi to Promote Inclusive Access to Justice

• On the occasion of Hindi Diwas, the Supreme Court of India launched Jan Soochna Seva, a new public information service in Hindi.
• The initiative aims to make access to justice more inclusive by helping citizens understand important judicial information in a familiar language.

Key Highlights

• Under the service, simplified Hindi summaries of selected significant Supreme Court judgments and orders will be provided.
• The service will also offer Hindi audio and video bulletins of approximately 15 to 30 minutes.
• The initiative is intended to benefit ordinary citizens, litigants and persons with disabilities by making significant judgments, their implications and subsequent proceedings easier to understand.
• The use of simple language, audio and video formats will particularly support people who face difficulties in reading or understanding lengthy legal documents.
• The initiative connects the promotion of Indian languages with wider dissemination of judicial information to the public.
• Jan Soochna Seva will initially be available in Hindi, with plans to introduce it in other Indian languages in a phased manner.
• The initiative will enable citizens from different linguistic regions of India to access concise and easy-to-understand information on significant Supreme Court judgments in their own languages.

Government Amends Consumer Protection Rules to Strengthen E-Commerce Transparency

• The Government of India has amended the Consumer Protection (E-Commerce) Rules, 2020 to strengthen price transparency, sponsored listings, search-result practices and protection against dark patterns in online marketplaces.
• The amended rules will come into force from 1 January 2027.
• E-commerce entities must disclose both the reduced price and prior price whenever a price discount is announced.

Key Highlights

• The prior price has been defined as the lowest price at which the product was offered during the 30 days preceding the announcement of the discount.
• E-commerce entities are prohibited from manipulating search results in a manner that misleads consumers or adversely affects the relevance of results to their search queries.
• The amendments aim to create a more transparent, accountable and consumer-centric e-commerce ecosystem.
• Every e-commerce entity will be required to become a partner in the convergence process of the National Consumer Helpline, strengthening the grievance redressal mechanism for consumers.
• E-commerce entities must provide a copy of the complaint recorded by their grievance officer to the complainant.
• For imported goods, e-commerce entities must disclose the importer’s details and country of origin.
• The Ministry of Consumer Affairs, Food and Public Distribution stated that the amended rules will strengthen ease of doing business while addressing safety and consumer protection concerns in digital marketplaces.

India Launches First Independent Industry Body for Photonics Sector

• India Photonics Association (IPA) was launched at India Habitat Centre, New Delhi, as India’s first independent, ecosystem-led industry body dedicated to the photonics sector.
• The association aims to promote innovation, industry collaboration, knowledge-sharing and policy support for India’s growing photonics ecosystem.

Key Highlights

• India Photonics Association will act as a neutral platform connecting industry, researchers and policymakers to accelerate the growth of the photonics sector and improve India’s global competitiveness.
• The association was inaugurated in the presence of Sarin Sundar, Chief Technology Officer, India Semiconductor Mission, along with industry leaders, technology experts, researchers and other stakeholders.
• Photonics is the science and technology of generating, manipulating, transmitting and detecting light (photons) for carrying information and energy.
• Unlike electronics, which uses the movement of electrons, photonics uses light and photons through technologies such as optical fibres, lasers, optical chips and sensors.
• Photonics enables high-speed, high-bandwidth and low-loss data transmission.
• Major applications include optical fibre communication, data centres, laser technology, satellite communication, medical devices, sensors, semiconductors, artificial intelligence and quantum computing.
• India’s photonics market is estimated at USD 78.4 billion in 2025 and is projected to reach USD 155 billion by 2034.
• Silicon photonics is expected to grow at a Compound Annual Growth Rate of nearly 29%, integrating optical technologies with the semiconductor ecosystem.
• Photonics is strategically important for telecommunications, space, defence, healthcare, data centres, semiconductors and advanced manufacturing.
• The association will also provide technical expertise and policy inputs to support policymaking in the photonics sector.
• India Semiconductor Mission was launched in December 2021 to develop a self-reliant semiconductor ecosystem through support for chip manufacturing, packaging and design.
• Semicon 2.0 further expands the focus towards supply-chain resilience and domestic manufacturing capabilities.

National Statistics Office Releases First District-Level Report on Unincorporated Sector Based on Annual Survey of Unincorporated Sector Enterprises 2025

• The National Statistics Office, under the Ministry of Statistics and Programme Implementation, released “Unincorporated Sector at the District Level: Insights from Annual Survey of Unincorporated Sector Enterprises 2025” for the first time.
• The report is based on the Annual Survey of Unincorporated Sector Enterprises 2025, covering January to December 2025.
• It provides district-level estimates on the scale, structure and economic performance of India’s unincorporated non-agricultural sector.
• The report covers 757 out of 770 districts available in the sampling frame during the selection of the Annual Survey of Unincorporated Sector Enterprises 2025 sample.

Key Highlights

• The top 10 districts account for about one-tenth of the total establishments, workers and Gross Value Added, while the top 50 districts account for nearly one-third of each.
• The top 10 districts are spread across Gujarat, Telangana, Uttar Pradesh and West Bengal.
• The top 50 districts are spread across 12 States: Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal.
• Around one-third of districts have more than 1 lakh unincorporated establishments, while about 9% have fewer than 10,000 establishments.
• Only 16 districts have more than 5 lakh unincorporated establishments each: 8 in West Bengal, 3 in Maharashtra, 2 in Gujarat, and 1 each in Karnataka, Telangana and Uttar Pradesh.
• In about 331 districts, Gross Value Added per worker is between ₹1 lakh and ₹1.5 lakh.
• In 280 districts, Gross Value Added per worker exceeds the all-India average of ₹1,56,539.
• The top 10 districts with the highest share of female-led unincorporated establishments are located in Telangana, Manipur and Meghalaya.
• In Mizoram, female-owned proprietary establishments account for at least 50% of establishments in every district.
• In 237 districts, women constitute at least one-third of the workforce, while in 25 districts, female workers account for more than 50% of the workforce.
• The district with the highest number of estimated unincorporated establishments in Tamil Nadu is Chennai, accounting for 13% of the State’s establishments.
• The leading districts in selected States include Surat in Gujarat (19.43%), Pune in Maharashtra (9.14%), Bengaluru Urban in Karnataka (12.83%), Rangareddy in Telangana (23.53%), Prayagraj in Uttar Pradesh (5.77%) and North Twenty-Four Parganas in West Bengal (15.99%).
• The survey covers Manufacturing, Trade and Other Services in the unincorporated non-agricultural sector.
• It covers establishments under proprietorships, partnerships, cooperatives, societies, trusts and other forms of ownership.
• The survey follows a multi-stage stratified sampling scheme, using census villages in rural areas and Urban Frame Survey blocks in urban areas as First Stage Units.
• Data were collected through Computer Assisted Personal Interviewing using tablets, mainly through oral enquiry based on a monthly reference period.
• District-level estimates were not generated for Delhi because its rural and urban areas were treated as single strata due to its small rural population and limited number of villages.
• Separate district-level estimates were not presented for Lakshadweep and Chandigarh, as each consists of only one district and their district-level estimates coincide with their respective Union Territory-level estimates.
• The report represents the first district-level dissemination of estimates from a large-scale nationwide survey by the National Statistics Office, Ministry of Statistics and Programme Implementation.

About Ministry of Statistics and Programme Implementation:

• Minister of State (Independent Charge): Rao Inderjit Singh
• Constituency: Gurgaon, Haryana

India to Host World Circular Economy Forum 2026 in Gandhinagar

• India will host the World Circular Economy Forum 2026 in Gandhinagar, Gujarat, from 15 to 18 September 2026.
• This will be the first time the global forum is being held in South Asia.
• The theme of World Circular Economy Forum 2026 is “Circular Economy: Transition for People and Prosperity.”
• The forum will bring together 2,000+ stakeholders from more than 65 countries, including business leaders, entrepreneurs, innovators, researchers, policymakers and academicians.

Key Highlights

• Union Minister for Environment, Forest and Climate Change Bhupender Yadav and Gujarat Chief Minister Bhupendrabhai Patel will jointly inaugurate the forum on 15 September 2026.
• The event is jointly organised by the Central Pollution Control Board, Finnish Innovation Fund Sitra, Government of Finland, Ministry of Environment, Forest and Climate Change, Government of Gujarat and Gujarat Pollution Control Board.
• The forum will showcase India’s circular economy initiatives and promote international cooperation on sustainable production and consumption.
• Circular economy practices focus on reusing, refurbishing and recycling existing materials and products and bringing them back into the economy as valuable resources.
• The forum will promote global collaboration, engagement with the Global South, circular finance and private-sector investment.
• It will also encourage policy dialogue, cross-sectoral partnerships and innovation in digitalisation and technology for circularity.
• On 15 and 16 September, the forum will feature 4 plenary sessions and 16 parallel thematic sessions covering areas such as artificial intelligence, employment, energy production, finance, governance, sustainable products, industrial solutions, start-up ecosystems and youth leadership.
• An international exhibition featuring 125+ national and international exhibitors will showcase practical circular economy solutions developed by start-ups and investment-ready innovations.
• The forum will provide opportunities to explore partnerships, technologies and investment opportunities to accelerate the transition towards circular economic models.
• On the sidelines of the forum, the Board of the 10 Year Framework of Programmes on Sustainable Consumption and Production Patterns will hold an in-person meeting in Gandhinagar on 15 September.
• India has recently assumed the role of Co-Chair of the 10 Year Framework of Programmes Board, strengthening its engagement in promoting sustainable consumption and production.
• On 17 and 18 September, global collaborators will organise 80 accelerator sessions in online, hybrid and in-person formats in Gandhinagar and other locations worldwide.
• The closing ceremony will be attended by Gujarat Minister for Forests, Environment and Climate Change Arjunbhai Devabhai Modhwadia, Finland’s Minister of Climate and the Environment Sari Multala, Gujarat Minister of State for Forests and Environment and Climate Change Pravinbhai Mali and other senior officials.
• The forum will conclude with the formal handover to the next host, conducted by Sitra’s Director of International Programmes Kristo Lehtonen.

About Gujarat:

• Chief Minister: Bhupendra Patel
• Governor: Acharya Dev Vrat
• Capital: Gandhinagar
• National Parks: Gir, Blackbuck, Gulf of Kutch (Marine), Vansda National Parks
• Wildlife Sanctuaries: Nal Sarovar Bird, Wild Ass, Kutch Desert, Barda, Purna Wildlife Sanctuaries

RECENT NEWS

• Gujarat has launched the India’s first state-level Sports Genomics Programme. The programme attempts to incorporate genomics in sports science, physiology and nutrition to provide a more scientific basis for identifying athletes and training them at high-performance level. 

CURRENT AFFAIRS: AWARDS AND HONOURS

16th Sansad Ratna Awards 2026 Presented in New Delhi

• The 16th Sansad Ratna Awards 2026 were presented in New Delhi to recognise outstanding parliamentary performance based on measurable indicators up to the Budget Session 2026.
• 12 individual Members of Parliament and 4 Parliamentary Committees were selected for the Sansad Ratna Awards 2026.

Key Highlights

• The award categories included 10 Lok Sabha Members of Parliament, 2 Rajya Sabha Members of Parliament and 4 Parliamentary Standing Committees.
• P. Chaudhary, Lok Sabha Member of Parliament from Pali, Rajasthan, received the Sansad Ratna Award for the fourth time. He is also the Chairman of the Joint Parliamentary Committee on One Nation, One Election.
• Jagdambika Pal, Nishikant Dubey and Dr. Shrikant Eknath Shinde, among others, were recognised among the Lok Sabha awardees.
• Medha Vishram Kulkarni and Narhari Amin were among the Rajya Sabha awardees.
• The Parliamentary Standing Committees on Agriculture; Finance; Rural Development and Panchayati Raj; and Coal and Mines were also honoured.
• A new award category, the A.P.J. Abdul Kalam Jan Seva Puraskar, was introduced in 2026 to recognise individuals and organisations making outstanding contributions to public service.
• The National Commission for Scheduled Castes received the A.P.J. Abdul Kalam Jan Seva Puraskar 2026.
• The evaluation of parliamentary performance considered attendance, questions raised, participation in debates, Private Members' Bills and overall legislative contributions.
• The award ceremony was attended by Kishan Reddy, Dr. Sukanta Majumdar and former Chief Justice of India Justice B. R. Gavai as chief guests, while Hansraj G. Ahir, Chairman of the Jury Committee, presided over the event.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Odisha Government Signs Agreements in United Arab Emirates to Attract ₹2.10 Lakh Crore Investment

• Odisha Chief Minister Mohan Charan Majhi visited the United Arab Emirates to attract investments and strengthen Odisha’s trade and business ties with the United Arab Emirates.
• The Odisha Government signed a Memorandum of Understanding with International Holding Company of the United Arab Emirates and the Adani Group to explore 14 new projects with an estimated investment of ₹2,10,500 crore.
• The proposed projects are expected to generate around 8,68,200 jobs.
• The projects cover metal downstream industries, slurry pipelines, critical minerals and rare earths, chemicals and petrochemical derivatives, renewable energy equipment, healthcare, industrial infrastructure, tourism, skill development and sports infrastructure.

Key Highlights

• The Odisha Government also reviewed an integrated aluminium project, with land proposed in Rayagada district for an alumina refinery and Sundargarh district for an aluminium smelter.
• Odisha Government and the Indian Business and Professional Group in the United Arab Emirates signed a Memorandum of Cooperation to increase trade and investment between Odisha and the United Arab Emirates.
• Discussions with the Indian Business and Professional Group focused on promoting exports of Odisha products such as turmeric, ginger and seafood, along with opportunities for contract manufacturing for United Arab Emirates-based companies.
• Chief Minister Mohan Charan Majhi invited Borouge, a United Arab Emirates-based petrochemicals company, to explore establishing a large chemicals downstream complex in Odisha.
• The proposed chemicals complex could have feedstock linkages with Indian Oil Corporation’s planned naphtha cracker at Paradip.
• The Chief Minister also held discussions with United Arab Emirates-based investment institutions to attract participation in Odisha’s infrastructure projects through Public-Private Partnerships, including port and other infrastructure projects.

RECENT NEWS

• The state of Odisha, HCL Technologies (HCLTech) unveiled its intention to set up an AI-optimised data centre and a global technology centre in Bhubaneswar. The project was developed in collaboration with Sarvam AI and the Odisha Government and is estimated to cost ₹15,000 crore. 

Digital Bharat Nidhi Signs Agreement to Implement Amended BharatNet Program in Jharkhand

• Digital Bharat Nidhi, under the Department of Telecommunications, Ministry of Communications, signed an agreement with the Government of Jharkhand for implementation of the Amended BharatNet Program under the State-led model.
• The agreement was signed between Digital Bharat Nidhi, Department of Telecommunications; Government of Jharkhand; Jharkhand Digital Infrastructure Corporation Limited; Bharat Sanchar Nigam Limited; and Jharkhand Communication Network Limited.
• The agreement aims to strengthen rural digital infrastructure, last-mile connectivity and inclusive digital growth in Jharkhand.

Key Highlights

• The Union Cabinet approved the Amended BharatNet Program on 4 August 2023 to upgrade, consolidate and expand the existing BharatNet network and provide robust broadband connectivity to Gram Panchayats and villages on a demand basis.
• In Jharkhand, the programme will be implemented through the new Special Purpose Vehicle, Jharkhand Digital Infrastructure Corporation Limited.
• The project covers 4,395 Gram Panchayats, including the upgradation of 4,387 Gram Panchayats from linear topology to ring topology for improved network resilience and the inclusion of 8 newly created Gram Panchayats.
• 26,777 villages will receive connectivity on a demand basis to strengthen last-mile broadband connectivity.
• The Government of India has allocated ₹1,684 crore for implementation of the programme in Jharkhand.
• The initiative is expected to facilitate more than 4 lakh rural home fibre connections with subsidy support from the Government of India.
• Improved broadband connectivity will support e-Governance, online education, telemedicine, digital payments and citizen-centric services in rural and remote areas of Jharkhand.
• Digital Bharat Nidhi was earlier known as the Universal Service Obligation Fund and became Digital Bharat Nidhi under the Telecommunications Act, 2023.
• Digital Bharat Nidhi was established under the Indian Telegraph (Amendment) Act, 2003, with effect from 1 April 2002, to promote universal access to telecommunication services in underserved rural, remote and urban areas.
• Digital Bharat Nidhi is an attached office of the Department of Telecommunications, Ministry of Communications.
• Major initiatives supported by Digital Bharat Nidhi include BharatNet, 4G Saturation Project, mobile services in Aspirational Districts, Left Wing Extremist areas, Himalayan and border areas, islands and North Eastern areas.

Institute of Teaching and Research in Ayurveda and Heartfulness Institute Sign Five-Year Memorandum of Understanding

• Institute of Teaching and Research in Ayurveda (ITRA), Jamnagar, an Institute of National Importance under the Ministry of AYUSH, and Heartfulness Institute signed a five-year Memorandum of Understanding to strengthen cooperation in Ayurveda, integrative healthcare, education, research, training and environmental sustainability.
• The agreement was signed in the presence of Prataprao Ganpatrao Jadhav, Union Minister of State (Independent Charge), Ministry of AYUSH.
• The partnership combines Heartfulness Institute’s expertise in wellness, yoga, meditation and environmental conservation with ITRA’s expertise in Ayurveda education, research and healthcare.

Key Highlights

• The institutions will undertake joint research projects in Ayurveda and complementary and integrative health, including wellness, disease prevention and disease management.
• They will collaborate on national and international research proposals, sponsored research, capacity-building programmes and skill-development initiatives.
• The partnership will include workshops, continuing medical education programmes, certificate and diploma courses, conferences, seminars, symposiums, expos and exhibitions.
• Student and faculty exchange programmes will provide opportunities for students, researchers and academicians to share knowledge and access academic and research facilities.
• Heartfulness Institute will provide technical support to ITRA for developing biodiversity and green zones across its campus and operations.
• The environmental collaboration will include medicinal plant programmes, horticulture gardens and biodiversity enhancement, with the objective of developing a clean, sustainable and eco-friendly campus.
• Heartfulness Institute will also provide technical inputs for curriculum development and refinement of treatment protocols.
• The partnership aims to promote a holistic approach to health and wellbeing by combining Ayurveda with practices such as yoga and meditation.
• Institute of Teaching and Research in Ayurveda (ITRA), Jamnagar is an Institute of National Importance under the Ministry of AYUSH, Government of India.

CURRENT AFFAIRS : DEFENCE NEWS

Colombo Security Conclave Table Top Exercise Ends at Eastern Naval Command in Visakhapatnam

• The three-day Table Top Exercise (TTX) under the Colombo Security Conclave (CSC) concluded on 11 September 2026 at the Eastern Naval Command (ENC), Visakhapatnam.
• The exercise was conducted from 9–11 September 2026 and was hosted by the Indian Navy.
• The main theme of the exercise was “Coordinated Response to Illicit Maritime Activities in the Indian Ocean Region (IOR)”.
• The exercise began with the opening address by Rear Admiral Manoj Jha, Chief Staff Officer (Operations), Eastern Naval Command.
• A Table Top Exercise (TTX) is a simulated maritime security and defence exercise in which commanders and security delegations rehearse joint protocols, tabletop war games and coordinated responses without deploying actual assets at sea.
• Delegations and maritime security experts from CSC member states and observer nations participated in simulated operational scenarios for more than 72 hours.
• The exercise focused on tackling non-traditional maritime security threats, including maritime terrorism, narcotics smuggling, human trafficking, piracy and Illegal, Unreported and Unregulated (IUU) fishing.
• Participants reviewed and harmonised existing Standard Operating Procedures (SOPs) to ensure faster and coordinated responses during maritime security crises.
• The exercise strengthened Maritime Domain Awareness (MDA) through surveillance, intelligence sharing and white-shipping information exchange.
• The exercise aimed to improve inter-agency coordination, streamline information-sharing arrangements and enhance collective preparedness against cross-border maritime threats.
• The exercise supports the Colombo Security Conclave’s objective of promoting peace, stability, security and prosperity in the Indian Ocean Region.
• The exercise aligns with India’s MAHASAGAR vision, which stands for Mutual and Holistic Advancement for Security and Growth Across Regions.
• The exercise also supports India’s SAGAR vision by promoting cooperative maritime security, regional stability and capacity building.
• The Colombo Security Conclave (CSC) was established in 2020, and its permanent secretariat is located in Colombo, Sri Lanka.
• The six members of the Colombo Security Conclave are India, Sri Lanka, Maldives, Mauritius, Bangladesh and Seychelles.
• The exercise strengthened the CSC as a regional security mechanism for addressing shared maritime threats and protecting vital Sea Lines of Communication (SLOCs).

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Reserve Bank of India Approves ICICI Prudential Asset Management Company to Acquire Up to 9.95% Stake in Four Banks

• The Reserve Bank of India (RBI) has approved ICICI Prudential Asset Management Company (AMC) to acquire an aggregate stake of up to 95% in CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank.
• The 95% acquisition limit applies to the paid-up share capital or voting rights of each respective bank.
• The approved holding includes investments made through ICICI Prudential Mutual Fund schemes, Alternative Investment Funds (AIFs) managed by the AMC and its Portfolio Management Services (PMS) clients.
• The RBI issued the approvals on 8 September 2026 under the RBI (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025.
• ICICI Prudential AMC has one year from the date of RBI approval to complete the proposed acquisitions; otherwise, the approval will stand cancelled.
• The proposed acquisitions must comply with the Banking Regulation Act, 1949, RBI directions, FEMA, 1999, SEBI regulations and other applicable laws.
• RNFI Services Ltd has received in-principle authorisation from RBI to operate as a Payment Aggregator – Physical (PA-P).
• The PA-P authorisation allows RNFI Services to operate in the physical, offline and in-store payments segment, subject to RBI’s regulatory conditions.
• RNFI Services’ PA-P approval expands its presence in the regulated digital and physical payments ecosystem.
• PB Fintech’s wholly owned subsidiary, PB Pay Private Limited, has started commercial operations as a Payment Aggregator after receiving regulatory approval from the RBI.
• PB Pay enables merchants to process multiple payment modes, including UPI, credit/debit cards and net banking, through a unified payment platform.
• PB Fintech has approved an equity infusion of up to ₹20 crore into PB Pay to strengthen its capital base and meet RBI capital adequacy and net-worth requirements for payment aggregators.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Lindy Cameron Appointed as New UK Foreign Office Permanent Under-Secretary

• Lindy Cameron, currently the British High Commissioner to India, has been appointed as the new Permanent Under-Secretary (PUS) of the UK’s Foreign, Commonwealth and Development Office (FCDO).
• Cameron will take charge of the FCDO in October 2026 and is expected to serve as Permanent Under-Secretary for at least five years.
• She will become the first woman to hold the top Permanent Under-Secretary-level civil service post at the British Foreign Office, marking a significant milestone for women in British diplomacy.
• Cameron has served as Britain’s High Commissioner to India since April 2024, making her the UK’s top diplomat in India during this period.
• During her tenure in India, India–UK bilateral relations witnessed significant progress, including the conclusion and implementation of the India–UK Free Trade Agreement (FTA).
• UK Prime Minister Keir Starmer visited India in October 2025, while Prime Minister Narendra Modi visited the UK in July 2025, reflecting strengthened high-level India–UK engagement.
• Cameron’s successor as UK High Commissioner to India will be announced separately.
• Cameron will replace Olly Robbins as the FCDO Permanent Under-Secretary.
• Olly Robbins was dismissed in April 2026 amid controversy surrounding the appointment and vetting of Peter Mandelson as the UK Ambassador to the United States.
• Robbins has challenged his dismissal through a judicial review, while Nick Dyer served as the interim Permanent Under-Secretary during the search for a successor.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Dhruva Space and Safran Space Sign Over €5 Million Deal for 275-Satellite Project

• India’s Dhruva Space Private Limited and France’s Safran Space have signed contracts worth more than €5 million for a larger project involving the development and deployment of 275 satellites.
• The collaboration is also linked to technologies supporting India’s planned Space-Based Surveillance Phase-III (SBS-III) constellation of 52 satellites.
• The SBS-III project aims to provide real-time, all-weather surveillance and intelligence along India’s borders and the Indian Ocean Region (IOR).
• The SBS-III project was approved by the Cabinet Committee on Security (CCS) in October 2024 with an allocated budget of ₹26,968 crore.
• The planned 52 SBS-III satellites are expected to be deployed between 2026 and 2030.
• Of the 52 satellites, 21 satellites will be built by ISRO, while the remaining 31 satellites will be developed by Indian private-sector companies.
• Under the Safran–Dhruva collaboration, Dhruva Space will supply communication systems, inertial navigation units, optical payloads and ground stations for the SBS-III project.
• The larger 275-satellite project is connected with an International Telecommunication Union (ITU) filing made by Dhruva Space.
• ITU registration provides international recognition and protection for the radio frequencies and orbital positions planned for a satellite network.
• The International Telecommunication Union (ITU) does not issue satellite launch licences or permission to launch satellites; instead, it maintains an international registration system to help prevent harmful radio-signal interference.
• The ITU follows a “first-come, first-served” registration system based on priority dates for satellite frequency and orbital filings.
• Dhruva Space is developing a 280,000-square-foot Design, Engineering, Assembly, Integration and Testing (AIT) facility in Shamshabad, Hyderabad, in phases since 2023.
• French launch-services company RIDE! has signed an agreement to launch two satellites for TakeMeToSpace, a Hyderabad-based space-tech start-up developing orbital data centres.
• U-Space, a French satellite manufacturer, has partnered with Indian engineering services company AXISCADES to explore India’s microsatellite market under the Make in India initiative.

National Dairy Research Institute and G.B. Pant University Produce First Badri Cattle Calf Using In Vitro Fertilization Technology

• Scientists from ICAR–National Dairy Research Institute (NDRI), Karnal and B. Pant University of Agriculture and Technology, Pantnagar produced a healthy female calf of Uttarakhand’s indigenous Badri cattle breed using OPU-IVF technology.
• The Badri calf was born on 11 September 2026 at an academic dairy farm.
• The embryo was developed through Ovum Pick-Up (OPU) and In Vitro Fertilization (IVF) and implanted into a Sahiwal cow, which acted as a surrogate mother.
• OPU involves the ultrasound-guided collection of oocytes (egg cells) from selected Badri donor cows.
• The collected oocytes were fertilised in a laboratory using semen from a Badri bull supplied through the Uttarakhand Livestock Development Board.
• The resulting embryos were transferred into surrogate cows after the required embryo maturation period.
• The project began in 2023 with funding from the Uttarakhand Biotechnology Council.
• The main objective of the project is to conserve, preserve and rapidly multiply the indigenous Badri cattle breed.
• A second surrogate cow was expected to give birth to another Badri calf within 5–7 days of the first birth.
• Scientists are also working on cloning high-yielding Badri cows and plan to transfer IVF-derived and cloned embryos into different surrogate cows in the next phase.
• Badri cattle, also known as Pahadi cattle, are a small, hardy indigenous breed adapted to the hilly terrain of Uttarakhand.
• Badri cattle are the state animal of Uttarakhand.
• Badri is the first certified cattle breed of Uttarakhand recognised by the National Bureau of Animal Genetic Resources (NBAGR).
• The average milk yield of the Badri cattle breed is approximately 632 kg per lactation.
• The project is significant because indigenous cattle breeds face threats from cross-breeding, shrinking herd sizes and declining populations across India.

Tata Consultancy Services Subsidiary HyperVault AI to Develop 1 GW AI Data Centre in Hyderabad with ₹70,000 Crore Investment

• Tata Consultancy Services (TCS) is expanding into AI infrastructure through its subsidiary HyperVault AI Data Center Ltd.
• HyperVault AI Data Center Ltd has secured 264 acres of land in Hyderabad, Telangana, to develop an AI-focused data centre campus.
• The proposed campus will have a capacity of up to 1 GW (Gigawatt), making it one of the major planned AI-computing infrastructure projects in India.
• HyperVault and its partners plan to invest up to ₹70,000 crore in building and operating the AI data centre campus.
• The campus will be designed for frontier AI companies and hyperscalers, with high-density GPU infrastructure.
• The AI infrastructure will support AI training, AI inference, and advanced computing workloads.
• The project will be developed in phases, based on customer demand and evolving technology requirements.
• At full capacity, the facility is expected to become one of the largest and most advanced AI infrastructure campuses in India.
• The initiative is part of TCS’s “Infrastructure-to-Intelligence” strategy, which combines AI-ready infrastructure, cloud, engineering, enterprise transformation, and AI capabilities.
• The project marks TCS’s expansion beyond AI services and enterprise transformation into the underlying computing infrastructure required for large-scale AI deployment.

CURRENT AFFAIRS: SPORTS NEWS

Alexander Zverev Wins First United States Open Title in 2026

• Alexander Zverev of Germany defeated Ben Shelton of the United States 6-3, 7-6(2), 5-7, 6-2 to win his first United States Open men’s singles title in New York.
• The victory helped Zverev overcome the disappointment of his 2020 United States Open final defeat, when he lost to Dominic Thiem after leading by two sets and serving for the championship.
• Zverev’s unusual reaction after winning the final point became a notable moment, as he initially did not realise that he had won the championship before celebrating after the crowd’s reaction.

Key Highlights

• The victory completed a remarkable 2026 Grand Slam season for Zverev. He had earlier:
  • Won the French Open.
  • Reached the Wimbledon final.
  • Won his second Grand Slam title at the United States Open.
• Zverev finished the 2026 season with a 25-2 win-loss record in Grand Slam matches.
• He received $5.5 million in prize money for winning the United States Open.
• For Ben Shelton, the defeat extended the wait for an American men’s Grand Slam singles champion.
• Shelton had aimed to become the first American man since Andy Roddick in 2003 to win a Grand Slam singles title.
• Zverev’s victory therefore continued the long wait for an American male Grand Slam champion.

India Wins Record-Extending Eighth Women’s Asia Cup 2026 Title

• India defeated Sri Lanka by 72 runs in the Women’s Asia Cup 2026 final in Dubai to win the title for a record-extending eighth time.
• The victory also helped India avenge its defeat to Sri Lanka in the 2024 final.
• This was India’s sixth victory over Sri Lanka in a Women’s Asia Cup final across the One Day International and Twenty20 formats, including the 2004 edition, when India defeated Sri Lanka 5-0 in the two-team tournament.

Key Highlights

• India posted 183/5 after openers Shafali Verma and Smriti Mandhana recorded a 129-run partnership, the highest opening partnership for India in the tournament.
• Sri Lanka were bowled out for 111 runs in 19.4 overs during their chase.
• Shree Charani was India’s leading bowler with 4 wickets, while Deepti Sharma claimed 3 wickets.
• Shafali Verma was named Player of the Match for her match-winning contribution.
• India’s victory was built on explosive opening batting and disciplined bowling, with the Shafali Verma–Smriti Mandhana partnership providing the foundation and Shree Charani and Deepti Sharma controlling the chase.

India Wins Both Men’s and Women’s Junior Asia Cup Hockey Titles in China

• India’s men’s and women’s hockey teams won their respective Junior Asia Cup titles at Moqi, China.
• The Indian Junior Men’s Hockey Team defeated South Korea 4-1 in the final to successfully defend its title.

Key Highlights

• Ajeet Yadav, Anmol Ekka, Prabhdeep Singh and Ashu Maurya scored for India in the men’s final.
• With this victory, India became the first team in the history of the tournament to win the Men’s Junior Asia Cup four times.
• India had previously won the Men’s Junior Asia Cup in 2015, 2023 and 2024.
• The Indian Junior Women’s Hockey Team defeated hosts China 1-0 in the final to clinch the title.
• Sanika Chandrakant Mane scored the only goal of the match in the 17th minute.
• The victory completed a hat-trick of Junior Asia Cup titles for the Indian women’s team, which had earlier won the tournament in 2023 and 2024.
• By winning their respective Junior Asia Cup titles, both the Indian junior men’s and women’s hockey teams qualified for their respective Junior Hockey World Cups.

Elena Rybakina Wins 2026 United States Open Women’s Singles Title

• Elena Rybakina of Kazakhstan defeated Aryna Sabalenka of Belarus 6-4, 5-7, 6-2 in the women’s singles final at Arthur Ashe Stadium, New York to win the 2026 United States Open
• This is Elena Rybakina’s first United States Open title and her third Grand Slam championship.

Key Highlights

• Rybakina had earlier won the 2026 Australian Open, making it her second Grand Slam title of the year.
• With this victory, Elena Rybakina became the new Women’s Tennis Association (WTA) World No. 1, replacing Aryna Sabalenka.
• Christian Harrison of the United States and Neal Skupski of Britain won the men’s doubles title, defeating Kevin Krawietz and Tim Puetz of Germany.
• Harrison and Skupski won the men’s double final 6-4, 7-6 to claim their second Grand Slam title of 2026, following their Australian Open victory in January.
• The 2026 United States Open men’s singles final will be contested between Alexander Zverev of Germany, ranked World No. 2, and Ben Shelton of the United States.
• The men’s singles final is scheduled to begin at 11:30 PM Indian Standard Time in New York.

CURRENT AFFAIRS: IMPORTANT DAYS

Hindi Diwas 2026 Observed on 14 September

• Hindi Diwas is observed annually on 14 September to commemorate the adoption of Hindi as an official language of the Union of India.
• Article 343 of the Constitution of India provides that the official language of the Union shall be Hindi in the Devanagari script.
• Hindi is one of the 22 languages included in the Eighth Schedule of the Constitution of India.
• Hindi is widely spoken across several States and Union Territories, particularly Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Haryana, Uttarakhand and Delhi.
• The decision to adopt Hindi as the official language of the Union was taken on 14 September 1949 by the Constituent Assembly.
• The first Hindi Diwas was celebrated in 1953.
• The date of 14 September is also associated with the birth anniversary of Beohar Rajendra Simha, a noted Hindi scholar and literary figure, who was born on 14 September 1900.
• Hindi Diwas is observed to promote the use, development and wider acceptance of Hindi in official and public communication.
• The Ministry of Home Affairs lists Hindi Diwas on 14 September as a special day commemorating the adoption of Hindi as an official language.

Daily CA One- Liner: September 15

• The Government of India has allowed specified New Development Bank (NDB) bonds to become eligible for investment by exempted establishments under the EPFO framework.
• The Reserve Bank of India (RBI) imposed a monetary penalty of ₹27.30 lakh on Asset Care & Reconstruction Enterprise Limited (ACRE), an Asset Reconstruction Company (ARC).
• Jio Finance Platform and Service Limited (JFPSL), a wholly owned subsidiary of Jio Financial Services Limited, has launched two new features on the JioFinance app — JioFinance+ and JioFinance360.
• PhonePe, India’s largest UPI app by market share, is set to launch its first local international operations in the United Arab Emirates (UAE).
• Indian Bank has received Board approval to open a representative office in Dubai, UAE, to expand its overseas operations and strengthen its presence in West Asia.
• The National Payments Corporation of India (NPCI) unveiled two new digital-payment products, UPI Tap & Pay and MyUPI, at the Global Fintech Fest in Mumbai.
• The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) launched “Demat 2.0”, a pilot framework for tokenising corporate bonds using Distributed Ledger Technology (DLT) and the RBI’s Central Bank Digital Currency (CBDC).
• SBI Mutual Fund, India’s largest fund house, has launched “Aarambh”, an assisted digital onboarding programme aimed at helping first-time investors begin their mutual-fund investment journey.
• The three-day Table Top Exercise (TTX) under the Colombo Security Conclave (CSC) concluded on 11 September 2026 at the Eastern Naval Command (ENC), Visakhapatnam.
• The Reserve Bank of India (RBI) has approved ICICI Prudential Asset Management Company (AMC) to acquire an aggregate stake of up to 95% in CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank.
• Lindy Cameron, currently the British High Commissioner to India, has been appointed as the new Permanent Under-Secretary (PUS) of the UK’s Foreign, Commonwealth and Development Office (FCDO).
• India’s Dhruva Space Private Limited and France’s Safran Space have signed contracts worth more than €5 million for a larger project involving the development and deployment of 275 satellites.
• Scientists from ICAR–National Dairy Research Institute (NDRI), Karnal and B. Pant University of Agriculture and Technology, Pantnagar produced a healthy female calf of Uttarakhand’s indigenous Badri cattle breed using OPU-IVF technology.
• Tata Consultancy Services (TCS) is expanding into AI infrastructure through its subsidiary HyperVault AI Data Center Ltd.
• On the occasion of Hindi Diwas, the Supreme Court of India launched Jan Soochna Seva, a new public information service in Hindi
• The Government of India has amended the Consumer Protection (E-Commerce) Rules, 2020 to strengthen price transparency, sponsored listings, search-result practices and protection against dark patterns in online marketplaces
• India Photonics Association (IPA) was launched at India Habitat Centre, New Delhi, as India’s first independent, ecosystem-led industry body dedicated to the photonics sector
• The National Statistics Office, under the Ministry of Statistics and Programme Implementation, released “Unincorporated Sector at the District Level: Insights from Annual Survey of Unincorporated Sector Enterprises 2025” for the first time
• India will host the World Circular Economy Forum 2026 in Gandhinagar, Gujarat, from 15 to 18 September 2026
• The 16th Sansad Ratna Awards 2026 were presented in New Delhi to recognise outstanding parliamentary performance based on measurable indicators up to the Budget Session 2026
• Odisha Chief Minister Mohan Charan Majhi visited the United Arab Emirates to attract investments and strengthen Odisha’s trade and business ties with the United Arab Emirates
• Digital Bharat Nidhi, under the Department of Telecommunications, Ministry of Communications, signed an agreement with the Government of Jharkhand for implementation of the Amended BharatNet Program under the State-led model
• Institute of Teaching and Research in Ayurveda (ITRA), Jamnagar, an Institute of National Importance under the Ministry of AYUSH, and Heartfulness Institute signed a five-year Memorandum of Understanding to strengthen cooperation in Ayurveda, integrative healthcare, education, research, training and environmental sustainability
• Alexander Zverev of Germany defeated Ben Shelton of the United States 6-3, 7-6(2), 5-7, 6-2 to win his first United States Open men’s singles title in New York
• India defeated Sri Lanka by 72 runs in the Women’s Asia Cup 2026 final in Dubai to win the title for a record-extending eighth time
• India’s men’s and women’s hockey teams won their respective Junior Asia Cup titles at Moqi, China
• Elena Rybakina of Kazakhstan defeated Aryna Sabalenka of Belarus 6-4, 5-7, 6-2 in the women’s singles final at Arthur Ashe Stadium, New York to win the 2026 United States Open title
• Hindi Diwas is observed annually on 14 September to commemorate the adoption of Hindi as an official language of the Union of India