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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Insurance Regulatory and Development Authority of India Releases Consultation Paper on Proposed Public Insurance Registry

• The Insurance Regulatory and Development Authority of India (IRDAI) has released a consultation paper on the proposed Public Insurance Registry (PIR).
• Public Insurance Registry (PIR) is proposed as a population-scale, interoperable and non-exclusionary Digital Public Infrastructure (DPI) for India’s insurance sector.
• The main objective of PIR is to make the insurance ecosystem more transparent, accessible, connected, efficient and resilient.
• PIR aims to address information gaps and interoperability gaps in the insurance market by establishing a consistent and authoritative view of insurance records.
• The registry would allow relevant information to remain with the respective source institutions, while enabling appropriate interoperability across the insurance ecosystem.
• The proposed PIR aims to promote insurance growth and inclusion, build trust and transparency, improve affordability, and strengthen financial sustainability.
• PIR is expected to reduce information barriers and encourage greater competition among insurers through innovative products, competitive pricing, better services and improved customer experience.
• The proposed registry would enable easier insurance product discovery and comparison for customers.
• PIR would provide customers with a consolidated view of insurance policies across different insurers.
• The initiative is expected to help reduce documentation requirements and improve policy servicing and claims experiences.
• PIR would also facilitate the easier identification of unclaimed amounts in the insurance sector.
• The framework follows a user-centric approach and combines technology, governance and market mechanisms to strengthen the insurance ecosystem.
• Regulatory safeguards under the proposed framework would guide risk pooling and private-sector innovation in the public interest.
• The proposed PIR is aligned with the objectives of the Sabka Bima Sabki Raksha Act, 2025.
• The PIR proposal draws inspiration from the success and lessons of Digital Public Infrastructures (DPIs) in other sectors of the Indian economy.
• The initiative would enable technology, governance and market participation to work together towards wider and deeper financial resilience.

About IRDAI :

• It is an autonomous and statutory body under the Ministry of Finance, Government of India.
• Chairman : Ajay Seth

Bank of Baroda Launches AI-Powered “bob World 2.0” Mobile Banking App

• Bank of Baroda (BoB) has launched “bob World 2.0”, a next-generation AI-powered mobile banking application designed to provide more intelligent, secure and personalised banking services.
• bob World 2.0 has four key capabilities: voice-enabled payments and navigation, Personal Financial Management (PFM), hyper-personalisation, and multi-layered security.
• The voice-enabled payments and navigation feature allows customers to initiate transactions and access banking functionalities through voice commands.
• The Personal Financial Management (PFM) module provides customers with a consolidated view of their finances, helping them understand spending, manage money and improve overall financial wellness.
• The hyper-personalisation feature provides a persona-based customer experience tailored to individual customer needs.
• The application includes a multi-layered security framework designed to provide real-time protection to customers.

About Bank of Baroda :

• It is a public sector bank headquartered in Vadodara, Gujarat.
• MD & CEO : Dr. Debadatta Chand

Suryoday Small Finance Bank Partners with SprintMoney to Offer Fixed Deposit Booking Through Money Spot White Label ATMs

• Suryoday Small Finance Bank (SSFB) has partnered with fintech firm SprintMoney to make its Fixed Deposit (FD) products bookable through Hitachi Payment Services’ Android-powered Money Spot White Label ATMs.
• The partnership was announced on 11 September 2026 at the Global Fintech Fest (GFF) 2026.
• Through this integration, customers using participating Money Spot ATMs can discover and initiate a digital Fixed Deposit booking process directly from the ATM, without visiting a bank branch or logging into a separate digital banking platform.
• The three-way integration connects Suryoday Small Finance Bank’s deposit products, SprintMoney’s Financial Marketplace technology, and Hitachi Payment Services’ ATM infrastructure.
• SprintMoney acts as the technology and integration layer connecting financial institutions with distribution channels.
• Hitachi’s Android-powered ATM platform allows digital applications to operate alongside standard ATM functions, enabling customers to access FD-booking services through the ATM.

About Suryoday Small Finance Bank Limited :

• Headquarters : Navi Mumbai, Maharashtra.
• MD & CEO : Baskar Babu Ramachandran
• Suryoday Small Finance Bank commenced operations as a Small Finance Bank in January 2017.
• The bank operates 717 banking outlets across 16 States and Union Territories, with a strong presence in Maharashtra, Tamil Nadu and Odisha.

Karnataka Bank Launches Capital Gains Account Scheme for Unutilised Capital Gains

• Karnataka Bank has launched the Capital Gains Account Scheme (CGAS) to provide taxpayers with a convenient and compliant way to deposit unutilised capital gains while planning eligible reinvestments.
• CGAS is meant for taxpayers who earn capital gains from the transfer of eligible capital assets but are unable to complete the prescribed reinvestment within the stipulated time limit.
• Under the scheme, eligible capital gains can be deposited into a CGAS account within the prescribed period, allowing customers to avail themselves of applicable tax benefits subject to the provisions of the Income-tax Act and related regulations.
• Karnataka Bank is among the authorised banks permitted to offer CGAS.
• The expansion of CGAS availability through additional banking partners has improved accessibility for taxpayers seeking to manage their capital gains through authorised banking channels.
• Customers can open Capital Gains Account-A, which is a savings deposit account designed for flexible deposits and withdrawals.
• Customers can also open Capital Gains Account-B, which is a term deposit account designed for longer-term parking of capital gains.
• CGAS can be used by customers planning eligible reinvestments such as purchase or construction of residential property and other qualifying investments permitted under the Income-tax Act.
• The scheme helps taxpayers park unutilised capital gains until they complete the eligible reinvestment within the applicable statutory framework.

About Karnataka Bank Limited :

• It is an Indian private sector bank headquartered in Mangaluru (Mangalore), Karnataka.
• MD & CEO : Raghavendra Srinivas Bhat

Axis Bank Launches “ARISE Homecoming” to Attract Globally Educated Indian Talent

• Axis Bank has launched the “ARISE Homecoming” initiative to provide career opportunities in India to Indian students and professionals who have gained education or early work experience abroad.
• The initiative aims to bring globally exposed Indian talent back into India’s domestic workforce and enable them to contribute their international education, skills and diverse perspectives to India’s financial and economic ecosystem.
• ARISE Homecoming is open to Indian students currently pursuing or recently completing education at overseas universities.
• The programme is also open to professionals with up to two years of international work experience.
• The initiative welcomes candidates across degrees, disciplines and educational institutions, with emphasis on skills, potential and role fit.
• Selected candidates can explore career opportunities across business, technology, digital, strategy, wealth, governance and other functions, depending on the bank’s requirements.
• The initiative represents Axis Bank’s effort to extend its hiring philosophy beyond geographical boundaries and attract globally educated Indian talent.

About Axis Bank Limited : 

• It is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra.
• MD & CEO : Amitabh Chaudhry.

IndusInd Bank Launches Corporate Credit Card Linked to Overdraft and Cash Credit Accounts

• IndusInd Bank has launched a corporate credit card directly linked to businesses’ existing Overdraft (OD) and Cash Credit (CC)
• The card allows businesses to make payments using their sanctioned working capital limits, without requiring a separate credit line.
• The card draws funds in real time from the linked OD or CC account for both online and offline payments.
• The product is available across India to eligible IndusInd Bank business customers.
• The card is particularly relevant for businesses and MSMEs seeking to integrate their working capital facilities with digital and card-based payments.
• The card operates across four payment networks — RuPay, Mastercard, Visa and NPCI platform.
• The underlying product infrastructure is powered by PropelGo Technologies.
• The card can be used for vendor payments, routine operational expenses and other business-related spending.
• The product provides a centralised expense management dashboard, allowing businesses to track their spending in one place.
• Cardholders can set and modify daily transaction limits, providing flexibility in managing business expenses.
• The product is designed to reduce manual reconciliation by integrating working-capital usage with centralised expense tracking.
• A key feature is no separate credit limit or billing cycle, as spending is directly linked to the existing OD/CC working capital facility.

About IndusInd Bank Limited :

• It is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.
• Established : April 1994 and was promoted by the Hinduja Group.
• MD & CEO : Rajiv Anand

Securities and Exchange Board of India Extends Angel Funds’ Accredited Investor Compliance Deadline to March 31, 2027

• SEBI (Securities and Exchange Board of India) has extended the compliance deadline for existing Angel Funds to implement the Accredited Investor mandate from 8 September 2026 to 31 March 2027.
• The extension provides existing Angel Funds with nearly seven additional months to comply with the revised regulatory framework.
• The extension applies specifically to Angel Funds registered with SEBI on or before 10 September 2025.
• These Angel Funds were earlier required to implement the Accredited Investor requirement by 8 September 2026.
• The deadline was extended following representations from the Alternative Investment Fund (AIF) industry, which requested additional time for Angel Funds to complete the required compliance.
• During the extended period up to 31 March 2027, eligible existing Angel Funds can continue to offer investment opportunities to non-accredited investors.
• The number of non-accredited investors that can invest during the extended period is capped at 200 investors.
• From 1 April 2027, these existing Angel Funds will not be permitted to accept contributions from non-accredited investors for investment in an investee company.
• Existing investors will continue to hold their investments already made in the Angel Fund according to the terms of the Private Placement Memorandum (PPM) and other fund documents.

About SEBI :

• Established as an executive body on 12 April 1988 and received statutory powers on 30 January 1992 through the SEBI Act, 1992.
• Chairperson : Tuhin Kanta Pandey

UCO Bank and ScoreMe Launch GST Smart for Digital Lending to MSMEs

• UCO Bank and ScoreMe Solutions have launched “GST Smart”, a digital lending solution that uses GST filing data to support faster and more data-driven credit decisions for MSMEs.
• GST Smart brings GST intelligence into the credit decisioning process, helping lenders create a more unified view of the borrower.
• The solution is designed to enable faster and more data-driven lending journeys while keeping credit decisions within the bank’s existing policy, governance and approval frameworks.
• GST filings provide lenders with a regularly refreshed view of business activity and compliance, which can support more consistent credit assessment.
• GST Smart addresses credit-access challenges faced by MSMEs, including limited financial documentation, thin credit histories and difficulties in demonstrating financial strength.
• The solution combines data intelligence, workflow orchestration and automated decisioning to support digital lending operations.
• ScoreMe Solutions developed the GST Smart solution, while UCO Bank retains control over credit policies, governance, risk assessment and final approval decisions.
• The launch included a joint unveiling by UCO Bank and ScoreMe leadership, followed by a product showcase demonstrating the integration of GST intelligence into digital lending workflows.

About UCO Bank :

• UCO Bank, formerly known as United Commercial Bank, is an Indian public sector bank headquartered in Kolkata, West Bengal.

Frequently Asked Questions on ATM/White Label ATM

• Automated Teller Machine (ATM) is a computerised machine that allows bank customers to access their accounts, withdraw cash, and perform various financial and non-financial transactions without visiting a bank branch.
• The world's first automated teller machine (ATM) was installed on June 27, 1967, at a Barclays Bank branch in Enfield, North London.

Key Highlights :

• White Label ATMs (WLAs) are ATMs set up, owned and operated by non-bank entities.
• Non-bank WLA operators are authorised under the Payment and Settlement Systems Act, 2007 by the Reserve Bank of India (RBI).
• A non-bank WLA operator must have a minimum net worth of ₹100 crore as per the latest audited financial year's balance sheet, and this net worth must be maintained at all times.
• Foreign Direct Investment (FDI) up to 100% is permitted under the automatic route in White Label ATM (WLA) operations.
• The main objective of allowing WLAs is to increase the geographical spread of ATMs, particularly in semi-urban and rural areas, and improve customer service.
• For customers, using a White Label ATM is similar to using a bank ATM.
• ATMs/WLAs may provide facilities such as account information, cash deposits, bill payments, mini/short statements, PIN changes and cheque-book requests.
• Mobile re-load voucher purchases are generally available at ATMs but are not permitted at WLAs.
• ATM/debit cards, credit cards and prepaid cards, as permitted by the card issuer, can be used at ATMs/WLAs.
• Traditionally, customers need a valid card and Personal Identification Number (PIN) to conduct ATM transactions, while RBI has also permitted card-less cash withdrawals.
• Personal Identification Number (PIN) is a numeric password used to authenticate ATM/card transactions, and customers should never disclose their PIN, including to bank officials.
• Cards issued by banks in India can generally be used at any ATM/WLA across the country.
• An On-Us transaction is a transaction conducted at an ATM belonging to the card-issuing bank.
• An Off-Us transaction is a transaction conducted at an ATM belonging to another bank or a WLA.
• For savings bank account holders, banks must provide at least 5 free transactions per month at their own ATMs, irrespective of the ATM location; non-cash withdrawal transactions at the bank's own ATMs are provided free.
• At other banks' ATMs in the six metro cities — Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi — banks must provide at least 3 free transactions per month, including financial and non-financial transactions.
• At other banks' ATMs in non-metro locations, banks must provide at least 5 free transactions per month, including financial and non-financial transactions.
• Banks may provide more than the RBI-mandated minimum number of free ATM transactions to their customers.
• The above minimum free-transaction rules do not apply to Basic Savings Bank Deposit Accounts (BSBDA) because withdrawals are governed by the conditions applicable to BSBDA accounts.
• At other-bank ATMs, the prescribed free-transaction limit includes both financial and non-financial transactions.
• Non-cash withdrawal transactions at a customer's own bank ATM, such as balance enquiry, cheque-book request, tax payment and fund transfer, are not counted towards the prescribed free ATM transactions.
• ATM transactions that fail due to technical reasons, hardware/software or communication problems, non-availability of cash, bank/service-provider-related declines, invalid PIN or validation issues are not treated as valid transactions for charging purposes.
• Banks may charge customers for ATM transactions beyond the mandated free limit, subject to the applicable RBI ceiling; the stated maximum is ₹23 per transaction plus applicable taxes.
• Charges for cash withdrawals using credit cards and cash withdrawals at ATMs located abroad are determined by the respective banks.
• In case of a failed ATM transaction where the customer's account is debited, the customer should lodge a complaint with the card-issuing bank or ATM owner bank at the earliest.
• Banks and WLA operators are required to display the relevant officer contact numbers, toll-free numbers or help-desk numbers at ATM premises for customer complaints.
• For a failed ATM transaction, the bank must re-credit the customer's account within a maximum of T+5 calendar days, where T = date of transaction.
• If re-credit is delayed beyond 5 calendar days, the card-issuing bank must pay ₹100 per day as compensation for the delay.
• The ₹100-per-day compensation must be credited to the customer's account without requiring the customer to make a separate claim.
• If reversal and compensation are not provided, the customer can approach the bank first and, if the complaint remains unresolved or no response is received within 30 days, approach the Reserve Bank – Integrated Ombudsman Scheme.
• A customer should cut an ATM/debit card into four pieces through the magnetic strip/chip before disposing of it after the card expires or the underlying account is closed.
• A Magnetic Stripe Card stores card information on the magnetic stripe, whereas an EMV Chip & PIN Card stores card data in an embedded chip.
• Banks were instructed to convert existing Magnetic Stripe Cards into EMV Chip & PIN Cards by 31 December 2018.

Frequently Asked Questions-Swap Facility for FCNR (B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings

• Indian banks, including their overseas branches, are permitted to extend loans to non-residents against FCNR(B) deposits mobilised under the RBI Swap Facility for FCNR(B) Deposits.
• Banks can also issue a Standby Letter of Credit (SBLC) in favour of overseas lenders against eligible FCNR(B) deposits.
• Banks can extend loans to FCNR(B) account holders and are permitted to mark a lien on the FCNR(B) deposits.
• The above lending and SBLC facilities are available without affecting the normal lending or SBLC issuance by Authorised Dealer (AD) Banks on a secured or unsecured basis.
• Under the RBI swap facility, the Reserve Bank of India (RBI) provides a foreign exchange swap against eligible FCNR(B) deposits.
• The RBI's forex swap covers only the principal amount of the FCNR(B) deposits and does not cover the interest component.
• A bank can undertake an RBI swap for a tenor of less than three years if the bank has mobilised fresh eligible FCNR(B) deposits with a minimum original tenor of three years.
• Banks may offer differential interest rates on FCNR(B) deposits, subject to Paragraph 32(2) of the Reserve Bank (Commercial Banks – Interest Rate on Deposits) Directions, 2025.
• Under the applicable directions, differential FCNR(B) deposit interest rates may vary based on tenor of deposits and size of deposits.
• Banks can continue to offer regular FCNR(B) deposits with a tenor of 3 years and above up to 5 years without a minimum one-year lock-in period, even without using the swap facility.
• Banks must maintain separate records for regular FCNR(B) deposits offered without availing the swap facility.
• External Commercial Borrowings (ECBs) may be raised for periods beyond 5 years, subject to the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026.
• For eligibility under the specified RBI swap facility, ECBs with an average maturity of 3 years or more are eligible.
• The tenor of the RBI swap will be co-terminus with the repayment schedule/maturity of the ECB, subject to a maximum period of 5 years.
• The Application-cum-Declaration forms for availing the FCNR(B) swap facilities are available on the RBI website, and the forms must be submitted along with the prescribed Excel file.
• The operational aspects of the swap facilities are specified in the Application-cum-Declaration form.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Uttar Pradesh Cabinet Approves 23 Proposals Including Ethanol Plant and Toy Manufacturing Policy

• The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved 23 proposals covering industries, transport, agriculture, education and employment.
• The Cabinet approved the setting up of an ethanol plant at the Chhata sugar mill in Mathura district, which had remained closed for 19 years.
• The proposed ethanol plant will use sugarcane and paddy as feedstock and is expected to produce 3.96 crore litres of ethanol annually.
• The plant will operate for around 11 months a year and will involve an investment of ₹200 crore.
• The existing sugar mill has 96 acres of land, where warehouses and a complex will also be developed.

Key Highlights

• Sugar production will be restarted at the unit once sufficient sugarcane availability is ensured. A sugar mill requires around 50 lakh tonnes of sugarcane annually for smooth operations.
• The Cabinet approved the Uttar Pradesh Toy Manufacturing Promotion Policy, 2025 to promote toy manufacturing, attract investment and generate employment in the state.
• A proposal for establishing a Regional Centre of the National Security Guard was approved for Milkipur, Ayodhya.
• The Cabinet also approved the establishment of a new university in Aligarh.
• Amendments were approved to the rules governing Automatic Testing Centres for vehicles. The earlier minimum land requirement of 2.5 acres had made it difficult to establish such centres.
• Although approval had been issued for 82 Automatic Testing Centres, work had started at only 42 centres.
• Under the revised rules, 1,500 square metres of land will be required for a single-line Automatic Testing Centre, while 3,000 square metres will be required for a two-line centre.
• Applications for setting up Automatic Testing Centres will be accepted throughout the year, with a maximum of 3 centres allowed in a district.
• The Cabinet approved construction of bus stands at Shohratgarh and Barhni in Siddharthnagar district and Sawayajpur in Hardoi district. The required land will be provided by the Revenue Department.
• A revised project proposal for the Chitrakoot Link Expressway was approved. The 15.172-kilometre, access-controlled, six-lane greenfield expressway will be developed under the Engineering, Procurement and Construction mode.
• The estimated cost of the Chitrakoot Link Expressway is ₹1,008.67 crore, which will be fully funded by the Uttar Pradesh Government. A global tender will be invited to select the construction agency.
• The Cabinet approved the development of primary schools under the Basic Education Council as smart schools.
• Under the Mukhyamantri Krishak Samriddhi Yojana, small and marginal farmers will be eligible for long-term loans of up to ₹6 lakh at a concessional annual interest rate of 6% through the Uttar Pradesh Sahkari Gram Vikas Bank Limited.
• The Cabinet approved 20% reservation for former Agniveers in direct recruitment to the post of jail warden in Uttar Pradesh.
• Former Agniveers will also receive 20% horizontal reservation and age relaxation in direct recruitment for the post of Enforcement Constable in the Uttar Pradesh Transport Department.

RECENT NEWS

• The Uttar Pradesh Green Hydrogen Policy, 2024 is a state level policy, which is intended to develop an eco-system for green hydrogen and green ammonia in Uttar Pradesh. The policy was issued on March 5, 2024, and aims at promoting the production, storage, transport and use of green hydrogen, apart from mobilizing private investments and generating new job opportunities.

About Uttar Pradesh:

• Chief Minister: Yogi Adityanath
• Governor: Anandiben Patel
• Capital: Lucknow
• National Parks: Dudhwa National Park
• Wildlife Sanctuaries: Katarniaghat Wildlife Sanctuary, Kishanpur Wildlife Sanctuary, Hastinapur Wildlife Sanctuary, Chandraprabha Wildlife Sanctuary, Kaimur Wildlife Sanctuary, Bakhira Wildlife Sanctuary, Nawabganj Bird Sanctuary, Okhla Bird Sanctuary

Cabinet Approves Increase in Employees’ Provident Fund Organisation Wage Ceiling from ₹15,000 to ₹25,000 per Month

• The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the proposal of the Ministry of Labour and Employment to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25,000 per month.
• The decision is expected to bring more than 51 lakh additional employees under mandatory EPFO coverage, thereby expanding statutory social security protection.
• Employees joining a job with wages above ₹15,000 per month were earlier not automatically covered under the mandatory Employees’ Provident Fund framework. The revised ceiling will bring employees earning between ₹15,000 and ₹25,000 per month within mandatory coverage.

Key Highlights

• The enhanced coverage will provide access to Employees’ Provident Fund (EPF) savings, pension protection under the Employees’ Pension Scheme (EPS) and insurance protection under the Employees’ Deposit Linked Insurance Scheme (EDLI), subject to applicable scheme provisions.
• The EPFO wage ceiling was last increased from ₹6,500 to ₹15,000 in September 2014. It had remained unchanged during 2004–2014.
• The increase to ₹25,000 takes into account rising wages, higher incomes and the expansion of formal employment in India.
• The decision is expected to support formalisation of employment, employee retention, workforce stability and long-term retirement security.
• The proposal was examined through inter-ministerial consultations and was recommended by the Expenditure Finance Committee at its meeting held on 16 June 2026.
• The annual Government expenditure arising from the decision is estimated at around ₹11,339 crore, compared with the existing annual budgetary support of approximately ₹10,250 crore.
• The estimated Government expenditure over a five-year period is around ₹56,696 crore.
• EPFO administers three major social security schemes: Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS) and Employees’ Deposit Linked Insurance Scheme (EDLI).
• According to the latest EPFO data, it has around 7.98 crore contributing members across approximately 7.68 lakh contributing establishments.
• The Employees’ Pension Scheme provides pension benefits to around 82 lakh pensioners, while the Employees’ Deposit Linked Insurance Scheme provides insurance protection linked to EPF membership.
• The enhancement is intended to ensure that social security coverage keeps pace with rising wage levels and expanding formal employment.
• The Ministry of Labour and Employment and Employees’ Provident Fund Organisation will undertake the required statutory and administrative measures for implementation.
• The decision is positioned as a step towards strengthening India’s inclusive and future-ready social security system and supporting the vision of Viksit Bharat @2047.

CURRENT AFFAIRS: AWARDS AND HONOURS

Veteran Actor Anant Nag to Receive Dadasaheb Phalke Award 2024

• Veteran Kannada actor Anant Nag has been selected for the prestigious Dadasaheb Phalke Award 2024 for his outstanding contribution to Indian cinema.

Key Highlights

• The award will be presented to Anant Nag at the 72nd National Film Awards ceremony to be held at Kevadia, Gujarat, on 22 September 2026.
• The selection was made on the recommendation of the Dadasaheb Phalke Award Selection Committee, and the announcement was made by the Press Information Bureau.
• Anant Nag, born as Anant Nagarkatte on 4 September 1948, is one of the prominent personalities of Kannada cinema.
• He has acted in 300+ films, including 250+ Kannada films, and has also worked in Hindi, Telugu, Tamil, Marathi, Malayalam and English films.
• He also appeared in the popular Doordarshan television series Malgudi Days, based on the stories of renowned author R. K. Narayan.
• Anant Nag has received 5 Karnataka State Film Awards during his career.
• In 2025, he was conferred the Padma Bhushan, India's third-highest civilian award, by the Government of India.
• The Dadasaheb Phalke Award is regarded as India’s highest honour in cinema and is presented for an individual’s outstanding contribution to the growth and development of Indian cinema.

CURRENT AFFAIRS: RANKING AND INDEX

India Retains 131st Position in Global Gender Gap Index 2026

• The World Economic Forum (WEF) released the Global Gender Gap Report 2026, marking the 20th edition of the index.
• India retained the 131st position among 145 economies, with its overall gender parity score improving slightly to 64.5%.
• India has improved its overall gender parity by 4.3 percentage points since 2006, with the major long-term gains coming from Educational Attainment.
• Globally, 69.2% of the gender gap has been closed in 2026, an improvement of 0.4 percentage points over the previous year. At the current rate of progress, full global gender parity is estimated to be 120 years away.

Key Highlights

• The Global Gender Gap Index measures gender parity across four dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment.
• In Economic Participation and Opportunity, India recorded 41.2% parity, an improvement of 0.5 percentage points from the previous edition.
• Parity among professional and technical workers increased from 26.6% in 2006 to 49.9% in 2026.
• Representation of women among legislators, senior officials and managers improved by 10 percentage points since 2006, reaching 13.1% in 2026.
• India’s labour-force participation parity stood at 44.1% in 2026.
• In Educational Attainment, India recorded 96.6% parity, although the score declined by 0.5 percentage points from the previous year.
• In Health and Survival, India improved to 95.6% parity.
• Political Empowerment was India’s highest-ranked subindex, with 24.5% of the gender gap closed and India ranking 67th globally on this subindex.
• India’s parliamentary parity stood at 16.1%, representing an overall improvement of 7 percentage points since 2006.
• At the ministerial level, India’s parity increased from 3.5% in 2006 to 5.9% in 2026, although this remained below its highest score of 30% recorded in 2019.
• India’s parity score on the head-of-state indicator stood at 40.7% in 2026, after reaching 72.3% during the first decade of the index.

Global Rankings

• Iceland retained the first position for the 17th consecutive year and remained the only economy to have closed more than 90% of its gender gap.
• Finland and Norway retained the second and third positions, respectively, for the third consecutive year.
• Namibia climbed four places to fourth position and became the highest-ranked economy in Sub-Saharan Africa.
• Australia entered the global top 10 for the first time, ranking eighth.
• Iceland, Finland, Norway and Sweden are the only four economies to have appeared in the top 10 in every edition since 2006.
• Chad ranked 145th, making it the lowest-ranked economy, followed by Iran (144th) and Pakistan (143rd).
• The Southern Asia region closed 64.5% of its gender gap and remained the lowest-scoring region in Economic Participation and Opportunity, with 40.9% parity.
• The WEF reported that women hold 19.1% of chief executive officer positions, while fewer than one in five artificial intelligence engineers are women.
• The 2026 edition benchmarks 145 economies and uses a consistent methodology to track gender parity over time across the four major dimensions.

India Placed in “Severely Restricted” Category in Free to Think 2026 Report on Academic Freedom

• Scholars at Risk (SAR) released its Free to Think 2026 report, documenting 382 attacks on higher education communities across 59 countries and territories between 1 July 2025 and 30 June 2026.
• The report examined attacks on higher education as well as government actions affecting university autonomy, academic expression, research, teaching and campus activities.
• According to the 2026 Academic Freedom Index, academic freedom declined significantly in 50 of 179 countries analysed over the past decade, while 9 countries recorded improvements.

Key Highlights

• India was placed in the “severely restricted” category for academic freedom, along with Hong Kong, Indonesia, Pakistan, the West Bank and Ukraine.
• The “completely restricted” category included Afghanistan, China, Iran, Russia, Türkiye, Syria, Venezuela, Zimbabwe and Gaza.
• The report attributed concerns in India to increased government involvement in university governance, leadership appointments and academic priorities, as well as actions by university administrations affecting campus discourse and student expression.
• The Academic Freedom Index score for India fell from 0.38 in 2022 to 0.14 in 2025, according to data cited in the report.
• The Academic Freedom Index evaluates academic freedom through indicators including freedom to research and teach, academic exchange and dissemination, institutional autonomy, campus integrity, and academic and cultural expression.
• The report cited the University Grants Commission as an important mechanism through which government influence over higher education has been exercised and discussed recent policy changes concerning vice-chancellor qualifications and non-permanent faculty.
• The report also cited cases involving faculty dismissals, restrictions on campus protests, cancellation of academic events and actions affecting research, teaching and publication as examples of pressures on academic freedom in India.
• One case cited by Scholars at Risk involved three academics associated with a National Council of Educational Research and Training Class 8 social science textbook. On 11 March 2026, the Supreme Court initially barred the three academics from future publicly funded curriculum development.
• On 22 May 2026, the Supreme Court subsequently modified the order, allowing governments, public universities and other institutions to independently decide whether the three academics could participate in future curriculum development.
• The Court also removed its earlier finding that the academics had deliberately misrepresented facts to project a negative image of the judiciary.
• Scholars at Risk also documented instances of student protests and police action in India, including incidents at universities during the 2025–26 period.
• Globally, Free to Think 2026 identified violent repression and government interference in university autonomy as major factors contributing to the decline in academic freedom.
• Scholars at Risk is an international network of more than 650 higher education institutions, associations and advocates in over 50 countries, working to protect higher education communities and promote academic freedom.

Delhi Tops India Electric Mobility Index 2025

• NITI Aayog released the India Electric Mobility Index (IEMI) 2025 in New Delhi, ranking Delhi as the top-performing State/Union Territory in electric mobility adoption.
• Delhi secured the first position with 84 points, followed by Maharashtra (78), Karnataka (73), Chandigarh (71) and Goa (65).

• The India Electric Mobility Index 2025 is the second edition of the index and measures the progress of Indian States and Union Territories towards their electric mobility goals.
• The index evaluates all States and Union Territories on a 100-point scale using 16 indicators under three core themes: Transport Electrification Progress, Charging Infrastructure Readiness, and Electric Vehicle Research and Innovation Status.

Key Highlights

• The index aims to support data-driven decision-making, encourage healthy competition among States and Union Territories, and facilitate the sharing of best practices.
• The median score of States and Union Territories increased from 36 in 2024 to 40 in 2025, while the highest score improved from 77 to 84.
• Delhi, Maharashtra, Karnataka and Chandigarh maintained their leading positions compared with the previous edition.
• Ladakh recorded the largest decline in ranking, while Punjab, Mizoram, Chhattisgarh, Gujarat and Himachal Pradesh also recorded declines.
• Delhi topped the Transport Electrification Progress category, followed by Chandigarh and Maharashtra.
• Karnataka led the Charging Infrastructure Readiness category, followed by Maharashtra and Haryana.
• Maharashtra, Karnataka and Tamil Nadu were the leading performers in Electric Vehicle Research and Innovation, based on parameters including electric vehicle start-ups and intellectual property generation in clean mobility.
• The report highlighted that charging infrastructure does not always translate into electric vehicle adoption at the same pace. For example, Haryana scored 91 in Charging Infrastructure Readiness but only 19 in Transport Electrification Progress.
• The report noted that most States and Union Territories now have a basic electric vehicle policy framework, but greater focus is required on implementation and measurable outcomes.
• Research and innovation in the electric mobility sector was identified as an important area requiring further improvement.
• NITI Aayog Vice-Chairman Rajiv Gauba stated that the transition towards electric mobility is an economic, environmental and strategic imperative for India’s journey towards Viksit Bharat @2047.
• Rajiv Gauba also highlighted the need for States to focus on public transport electrification, expansion of charging infrastructure, and research and innovation.
• The index noted that differences in State-level electric mobility strategies arising from variations in industrial base, fiscal capacity and geography can help States learn from each other and strengthen India’s overall electric mobility transition.

QS Global Full-Time Master of Business Administration Rankings 2027 Released

• Quacquarelli Symonds (QS) released the QS Global Full-Time Master of Business Administration Rankings 2027, covering more than 420 Master of Business Administration programmes across 65 countries and territories.
• 19 Indian institutions featured in the 2027 rankings, compared with 7 in 2022 and 5 in 2020. Five Indian institutions entered the rankings for the first time in 2027.

Key Highlights

• Indian Institute of Management Bangalore remained the highest-ranked Indian institution for the fourth consecutive year, securing joint 64th position, compared with 52nd in 2026.
• Indian Institute of Management Ahmedabad secured joint 70th position, compared with 58th in 2026.
• Indian Institute of Management Calcutta ranked 95th, compared with 64th in 2026, recording the sharpest decline among the three Indian Institutes of Management in the global top 100.

• All three Indian Institutes of Management remained among the global top 100.
• According to Quacquarelli Symonds, Indian business schools faced stronger competition from global institutions particularly in Return on Investment, Entrepreneurship and Alumni Outcomes, and Diversity.
• 10 Indian entries improved their performance in the Thought Leadership indicator.
• Indian Institute of Management Bangalore ranked 29th globally and second in Asia for Employability and 51st globally for Thought Leadership.
• Indian Institute of Management Ahmedabad and Indian Institute of Management Calcutta both ranked among the global top 40 for Employability and global top 100 for Thought Leadership.
• Indian Institute of Management Ahmedabad was the only Indian institution in the global top 100 for Entrepreneurship and Alumni Outcomes, ranking 84th.
• O.P. Jindal Global University was the highest-ranked new Indian entrant, placed in the 171–180 band.
• Other new Indian entrants were Jaipuria Institute of Management, School of Business and Management, CHRIST (Deemed to be University), School of Leadership and Management, Manav Rachna International Institute of Research and Studies, and Vikrant University Gwalior. These institutions were placed in the 301+ category.
• Woxsen School of Business was placed in the 251–300 band globally and recorded the strongest Indian performance for Diversity, ranking first in Asia and 33rd globally.
• Across the Master of Business Administration and specialised Business Master’s rankings, India had 28 institutions, making it the fourth most represented country after the United States, United Kingdom and France.
• The QS Master of Business Administration rankings assess programmes on Employability, Value for Money, Alumni Outcomes, Thought Leadership and Diversity.
• The weightage given to these indicators is: Employability – 40%, Value for Money – 20%, Alumni Outcomes – 15%, Thought Leadership – 15%, and Diversity – 10%.

QS Global Master of Business Administration Rankings 2027: Global Top 10

• Massachusetts Institute of Technology Sloan School of Management secured the first position globally, moving up from third place in 2026.
• Harvard Business School retained second position, while Stanford Graduate School of Business moved from fourth to third.
• Wharton School, University of Pennsylvania, which topped the 2026 ranking, moved to fourth position in 2027.
• National University of Singapore Business School was the highest-ranked Master of Business Administration institution in Asia, securing 23rd position globally.
• Tsinghua University ranked 29th globally, while Singapore Management University ranked 41st globally.
• Indian Institute of Management Bangalore and Indian Institute of Management Ahmedabad were the eighth- and ninth-highest-ranked Master of Business Administration institutions in Asia, respectively.
• In the specialised Business Master’s Rankings, 41 Indian entries featured across Management, Business Analytics, Finance, Marketing and Supply Chain Management.
• Indian Institute of Management Bangalore ranked 31st globally in Master’s in Management and 60th in Business Analytics.
• Indian Institute of Management Ahmedabad ranked 46th globally in Management.
• Indian Institute of Management Calcutta ranked 57th in Management and 96th in Business Analytics.
• Globally, HEC Paris led the Master’s in Management, Finance and Marketing rankings; Massachusetts Institute of Technology Sloan School of Management topped Business Analytics; and Massachusetts Institute of Technology Center for Transportation and Logistics ranked first in Supply Chain Management.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Tatsuya Fujimoto Appointed Managing Director and Chief Executive Officer of IFFCO-TOKIO General Insurance

• IFFCO-TOKIO General Insurance appointed Tatsuya Fujimoto as its new Managing Director (MD) and Chief Executive Officer (CEO).
• Tatsuya Fujimoto succeeded Subrata Mondal as the MD & CEO of IFFCO-TOKIO General Insurance.
• Before becoming MD & CEO, Tatsuya Fujimoto was serving as Director (Operations) at IFFCO-TOKIO General Insurance.
• Prior to his role as Director (Operations), Fujimoto served as Senior Executive Director–Chief Risk Officer (CRO) at the company from November 2024 to June 2025.
• Tatsuya Fujimoto brings 28 years of experience with Tokio Marine Group, covering operations, risk management, marketing and corporate functions.
• Of his 28 years of experience, Fujimoto spent 18 years in Japan in marketing, Corporate Planning and as Executive Secretary to the Group CEO.
• He also has 10 years of international experience across countries including the United States, Malaysia and India.
• IFFCO-TOKIO General Insurance Company Limited is a 51:49 joint venture between Indian Farmers Fertilizer Cooperative (IFFCO) and Tokio Marine Group of Japan.

CURRENT AFFAIRS : DEFENCE NEWS

Defence Research and Development Organisation Introduces Framework to Facilitate Micro, Small and Medium Enterprises and Start-up Participation in Defence R&D

• Union Defence Minister Rajnath Singh unveiled a series of policy initiatives to reduce technical and financial entry barriers for MSMEs and deep-tech start-ups in the defence sector.
• The initiatives were launched at VIMARSH 2026, the DRDO–Industry Synergy Meet, held in New Delhi, Delhi, under the theme “Varta se Vikas”.

Key Highlights :

• A new framework for MSMEs and start-ups was introduced, providing direct funding, incubation support and dedicated access to DRDO testing facilities.
• A standardised and secure framework for sharing DRDO-developed software source codes with licensed industries was introduced to promote software-defined defence capabilities and address technology obsolescence.
• 9 Licensing Agreements for Transfer of Technology (LAToTs) were handed over to 13 manufacturing partners to facilitate the commercial production of advanced defence systems.
• Strategic Memorandums of Understanding (MoUs) were exchanged between the Society of Indian Defence Manufacturers (SIDM) and Laghu Udyog Bharati (LUB) to expand industry networks and encourage grassroots participation of smaller enterprises.
• DRDO signed a contract with the Quality Council of India (QCI) for SAMAR 2.0 — System for Advanced Manufacturing Assessment and Rating, aimed at benchmarking the manufacturing maturity of domestic defence enterprises.
• Defence Minister Rajnath Singh stated that the partnership between DRDO and industry should extend beyond production to the entire technology value chain, including research, design, testing, certification and manufacturing.
• The initiatives support India’s objective of achieving self-reliance in critical defence technologies, increasing indigenous content, expanding defence exports, and strengthening India’s position in global supply chains by 2047.
• Government initiatives such as Positive Indigenisation Lists, Make in India, iDEX and ADITI, along with allocation of 25% of the defence R&D budget to the private sector, have helped expand India’s defence innovation ecosystem.
• Defence Secretary and DRDO Chairman Rajesh Kumar Singh stated that VIMARSH 2026 aims to shift the defence ecosystem from a transactional buyer-seller relationship towards a collaborative technology-development model.
• More than 2,300 technology transfers have so far been handed over by DRDO to more than 1,100 industries.
• Technologies related to around 50 DRDO-developed missiles have also been made available to industry.
• More than 250 industry leaders, officials and DRDO scientists participated in VIMARSH 2026.
• The event discussed technology absorption, Development-cum-Production Partner (DcPP) models, and faster induction of indigenous technologies into the armed forces.
• Technical roadmaps were presented for aeronautical systems, missiles, armaments, microelectronics and naval systems.
• According to the MoD Annual Report 2025–26, a team of scientists led by Meena Mishara, Director of DRDO’s Solid State Physics Laboratory (SSPL), developed indigenous Gallium Nitride (GaN) Monolithic Microwave Integrated Circuit (MMIC) technology for high-frequency defence applications.

CURRENT AFFAIRS : SUMMITS & CONFERENCES

Third BIMSTEC Conference on Traditional Medicine, Genetic Resources and Intellectual Property Rights Begins in Goa

• The Third BIMSTEC Conference on Traditional Medicine Knowledge, Genetic Resources and Intellectual Property Rights commenced in Goa and will conclude on 17 September 2026.
• The conference is being organised by the Ministry of Ayush, Government of India, with the All India Institute of Ayurveda (AIIA), Goa serving as the nodal institute.
• The conference is being held alongside the Second Meeting of the BIMSTEC Nodal Group on Traditional Medicine Knowledge, Genetic Resources and Intellectual Property Rights.
• The two-day conference brings together experts, officials and representatives from BIMSTEC member countries.
• Monalisa Das, Joint Secretary, Ministry of Ayush, chaired the Inaugural Session and highlighted the role of the BIMSTEC Task Force for Traditional Medicine (BTFTM).
• The BTFTM Working Group can promote cooperation in research, education, capacity building, standardisation, pharmacopoeial development, regulatory cooperation and knowledge exchange.
• The conference discussed the proposed BIMSTEC Centre of Excellence in Traditional Medicine, announced by Prime Minister Narendra Modi during the Sixth BIMSTEC Summit in Bangkok in April 2025.
• The conference aims to develop a collaborative framework for the conservation of traditional knowledge, while promoting legitimate research and innovation.
• The framework seeks to safeguard community interests through Prior Informed Consent (PIC), Mutually Agreed Terms (MAT) and equitable benefit-sharing.
• Technical sessions covered traditional knowledge documentation, Intellectual Property Rights (IPR), genetic resources, access and benefit-sharing, prior informed consent and community rights.
• The conference also discussed initiatives of the World Intellectual Property Organization (WIPO) and the World Health Organization (WHO) related to traditional medicine and knowledge.
• Representatives from all seven BIMSTEC member countries — Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand — shared their national policies, legal frameworks and experiences.
• The Traditional Knowledge Digital Library (TKDL) was discussed, including controlled-access documentation, prior-art protection and the possible regional application of its experience.
• Discussions also covered Artificial Intelligence (AI), documentation of traditional knowledge, intellectual property protection and ethical considerations.
• The Second Meeting of the BIMSTEC Nodal Group will deliberate on regional cooperation, capacity building, expert networks, documentation standards, data management and collaboration mechanisms.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Tata Consultancy Services Partners with Dubai Gold & Commodities Exchange to Upgrade Derivatives Market Infrastructure

• Tata Consultancy Services (TCS) has entered into a strategic partnership with the Dubai Gold and Commodities Exchange (DGCX) to modernise and future-proof DGCX’s market infrastructure.
• The partnership will introduce a next-generation integrated solution covering trading, clearing and surveillance platforms.
• The transformation programme aims to improve operational efficiency, strengthen market resilience, and support DGCX’s expansion into emerging asset classes.
• TCS will integrate TCS BaNCS™ for Market Infrastructure, Quartz™ for Surveillance, TCS BaNCS Securities Trading Platform, and Quartz Gateway for DGCX.
• The integrated platform will strengthen market operations, risk management and surveillance across DGCX’s derivatives ecosystem.
• The upgraded infrastructure will support DGCX’s derivatives products covering energy commodities, foreign currencies, equities, bullion and precious metals.
• The platform will also support expansion into emerging asset classes such as crypto assets and tokenised assets.
• The partnership aims to enable faster launches of new derivatives products, improve risk management, strengthen surveillance capabilities, and accelerate the digital transformation of exchange operations.
• The technology upgrade is expected to strengthen DGCX’s ability to meet the evolving requirements of regional and international market participants.

About TCS :

• TCS is a global IT services, consulting and business solutions organisation headquartered in Mumbai, Maharashtra.
• Established : 1968 by Tata Sons and operates as a flagship subsidiary of the Tata Group.
• Chairman : Natarajan Chandrasekaran

 CURRENT AFFAIRS: BOOKS AND AUTHORS

Vice President C. P. Radhakrishnan Releases Book “A Century of Service – The RSS in 100 Acts of Seva”

• Vice President C. P. Radhakrishnan released the book “A Century of Service – The RSS in 100 Acts of Seva” at Uprashtrapati Bhavan, New Delhi.
• The book has been authored by Dr. Tamilisai Soundararajan, former Governor of Telangana and former Lieutenant Governor of Puducherry.

Key Highlights

• The book documents the century-long service activities of the Rashtriya Swayamsevak Sangh (RSS), highlighting its social responsibility and contribution to nation-building.
• Vice President C. P. Radhakrishnan emphasised the importance of documenting significant social work, noting that “today’s news is tomorrow’s history.”
• The book highlights the ideal “Seva is Dharma; it is a duty” and describes various social service initiatives reaching poor, marginalised and diverse sections of society, including workers, women and children.
• The Vice President recalled the contribution of RSS volunteers during the COVID-19 pandemic, particularly in providing food, medicines and essential support.
• The book focuses on the theme “Nation-building through character-building”, highlighting patriotism, discipline, social responsibility and national unity as important elements of nation-building.
• According to the Vice President, the book records the 100-year journey of service and also reflects India’s traditions of seva, culture and national consciousness for future generations.
• Union Minister of State for Information and Broadcasting and Parliamentary Affairs Dr. L. Murugan, Puducherry Home Minister A. Namassivayam and Dr. Tamilisai Soundararajan were present at the event.

CURRENT AFFAIRS : OBITUARIES

Former Andhra Pradesh Deputy CM Alla Nani Passed away at 56

• Alla Kali Krishna Srinivas, popularly known as ‘Alla Nani’, was a former Deputy Chief Minister of Andhra Pradesh and Health Minister who passed away at the age of 56 in Visakhapatnam, Andhra Pradesh, reportedly due to cardiac arrest.
• He was born on 30 December 1969 in Eluru, Andhra Pradesh.
• Alla Nani began his political career with the Indian National Congress (INC) and contested the Eluru Assembly constituency in 1994 and 1999, but lost both elections.
• He was elected as an MLA from Eluru for the first time in 2004, defeating TDP candidate Ambika Krishna.
• He was re-elected from the Eluru Assembly constituency in 2009, continuing as a Congress MLA until 2013.
• In 2013, he resigned from the Indian National Congress and joined the Yuvajana Sramika Rythu Congress Party (YSRCP).
• In 2014, he was appointed West Godavari district president of the YSRCP and contested the 2014 Assembly election from Eluru on a YSRCP ticket but lost.
• He was elected as a Member of the Legislative Council (MLC) in 2017 under the MLA quota.
• He returned to the Andhra Pradesh Legislative Assembly after winning the Eluru seat in the 2019 Assembly election.
• From June 2019 to April 2022, he served as Deputy Chief Minister of Andhra Pradesh and Minister for Health, Family Welfare and Medical Education in the Cabinet of YS Jagan Mohan Reddy.
• As Health Minister, he handled the Health portfolio during the COVID-19 pandemic.
• After the YSRCP lost the 2024 Andhra Pradesh Assembly elections, Alla Nani resigned from the YSRCP on 17 August 2024.
• He later joined the Telugu Desam Party (TDP) on 13 February 2025.

CURRENT AFFAIRS: IMPORTANT DAYS

World Ozone Day 2026 Observed on 16 September

• World Ozone Day is observed annually on 16 September to raise awareness about the importance of protecting the ozone layer.
• The ozone layer is a region of the stratosphere containing a high concentration of ozone. It is located approximately 10–16 kilometres above the Earth’s surface and extends to around 50 kilometres in altitude.
• The ozone layer protects life on Earth by absorbing a major portion of the Sun’s harmful ultraviolet (UV) radiation.
• French physicists Charles Fabry and Henri Buisson discovered the ozone layer in 1913.
• The Vienna Convention for the Protection of the Ozone Layer was adopted in 1985 and initially signed by 28 countries.
• The theme of World Ozone Day 2026 is “Global Action for a Cooler Planet.”
• The 2026 theme highlights the achievements of international cooperation in protecting the ozone layer and links ozone protection with climate-change action.
• The Montreal Protocol on Substances that Deplete the Ozone Layer was signed on 16 September 1987 by countries under the framework of the United Nations.
• The Montreal Protocol came into force on 1 January 1989 and aims to reduce and eventually control the production and consumption of substances responsible for ozone-layer depletion.
• In 1994, the United Nations General Assembly designated 16 September as World Ozone Day to commemorate the signing of the Montreal Protocol.

Daily CA One- Liner: September 18

• The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved 23 proposals covering industries, transport, agriculture, education and employment
• The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the proposal of the Ministry of Labour and Employment to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25,000 per month
• Veteran Kannada actor Anant Nag has been selected for the prestigious Dadasaheb Phalke Award 2024 for his outstanding contribution to Indian cinema
• The World Economic Forum (WEF) released the Global Gender Gap Report 2026, marking the 20th edition of the index
• Scholars at Risk (SAR) released its Free to Think 2026 report, documenting 382 attacks on higher education communities across 59 countries and territories between 1 July 2025 and 30 June 2026.
• NITI Aayog released the India Electric Mobility Index (IEMI) 2025 in New Delhi, ranking Delhi as the top-performing State/Union Territory in electric mobility adoption
• Quacquarelli Symonds (QS) released the QS Global Full-Time Master of Business Administration Rankings 2027 on 16 September 2026, covering more than 420 Master of Business Administration programmes across 65 countries and territories
• Vice President C. P. Radhakrishnan released the book “A Century of Service – The RSS in 100 Acts of Seva” at Uprashtrapati Bhavan, New Delhi
• World Ozone Day is observed annually on 16 September to raise awareness about the importance of protecting the ozone layer
• The Insurance Regulatory and Development Authority of India (IRDAI) has released a consultation paper on the proposed Public Insurance Registry (PIR).
• Bank of Baroda (BoB) has launched “bob World 2.0”, a next-generation AI-powered mobile banking application designed to provide more intelligent, secure and personalised banking services.
• Suryoday Small Finance Bank (SSFB) has partnered with fintech firm SprintMoney to make its Fixed Deposit (FD) products bookable through Hitachi Payment Services’ Android-powered Money Spot White Label ATMs.
• Karnataka Bank has launched the Capital Gains Account Scheme (CGAS) to provide taxpayers with a convenient and compliant way to deposit unutilised capital gains while planning eligible reinvestments.
• Axis Bank has launched the “ARISE Homecoming” initiative to provide career opportunities in India to Indian students and professionals who have gained education or early work experience abroad.
• IndusInd Bank has launched a corporate credit card directly linked to businesses’ existing Overdraft (OD) and Cash Credit (CC)
• SEBI (Securities and Exchange Board of India) has extended the compliance deadline for existing Angel Funds to implement the Accredited Investor mandate from 8 September 2026 to 31 March 2027.
• UCO Bank and ScoreMe Solutions have launched “GST Smart”, a digital lending solution that uses GST filing data to support faster and more data-driven credit decisions for MSMEs.
• Automated Teller Machine (ATM) is a computerised machine that allows bank customers to access their accounts, withdraw cash, and perform various financial and non-financial transactions without visiting a bank branch.
• Indian banks, including their overseas branches, are permitted to extend loans to non-residents against FCNR(B) deposits mobilised under the RBI Swap Facility for FCNR(B) Deposits.
• IFFCO-TOKIO General Insurance appointed Tatsuya Fujimoto as its new Managing Director (MD) and Chief Executive Officer (CEO).
• Union Defence Minister Rajnath Singh unveiled a series of policy initiatives to reduce technical and financial entry barriers for MSMEs and deep-tech start-ups in the defence sector.
• The Third BIMSTEC Conference on Traditional Medicine Knowledge, Genetic Resources and Intellectual Property Rights commenced in Goa and will conclude on 17 September 2026.
• Tata Consultancy Services (TCS) has entered into a strategic partnership with the Dubai Gold and Commodities Exchange (DGCX) to modernise and future-proof DGCX’s market infrastructure.
• Alla Kali Krishna Srinivas, popularly known as ‘Alla Nani’, was a former Deputy Chief Minister of Andhra Pradesh and Health Minister who passed away at the age of 56 in Visakhapatnam, Andhra Pradesh, reportedly due to cardiac arrest.