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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Unified Payments Interface Transactions Surpass 20 Billion in August 2025: National Payments Corporation of India Data

• Unified Payments Interface (UPI) transactions crossed 20 billion in August 2025, according to data from the National Payments Corporation of India (NPCI).
• The transaction value for August 2025 was ₹24.85 lakh crore, a slight decrease from ₹25.08 lakh crore in July 2025, with the highest ever value being ₹25.14 lakh crore in May 2025.
• The previous highest transaction volume was 19.47 billion in July 2025.
• The average daily transaction value in August 2025 was ₹80,177 crore, with an average daily count of 645 million transactions.
• UPI currently lives in 7 countries — the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius, with France marking its first entry into Europe.

About NPCI :

• The NPCI is an umbrella organization for retail payments and settlement systems in India, established by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA).
• Headquarters: Mumbai, Maharashtra, India
• Founded: 2008
• CEO: Dilip Asbe

India’s Goods and Services Tax Collections Jump 6.5% year-on-year to ₹1.86 Lakh Crore in August 2025

• India’s Goods and Services Tax (GST) collections rose 6.5% year-on-year to ₹1.86 lakh crore in August 2025, according to government data.
• This marks the eighth consecutive month with revenues above ₹1.8 lakh crore, reflecting robust domestic consumption and steady economic activity.
• GST revenues peaked at ₹2.37 lakh crore in April 2025, which is the highest collection since the implementation of GST.
• The August GST data release precedes the GST Council meeting scheduled for September 3–4, 2025, in New Delhi, where rationalisation will be discussed.
• The rationalisation proposal includes a two-slab rate structure (5% and 18%), with a 40% rate on sin goods such as tobacco, cigarettes, and sugary drinks.

Recent News :

• In Aug 2025, The SBI research report estimates a ₹45,000 crore revenue loss in FY25 due to GST rate rationalisation, but expects minimal impact on the fiscal deficit as lower rates will boost consumption.

Securities and Exchange Board of India Tightens Intraday Derivatives Rules to Curb Speculation on Expiry Days

• The Securities and Exchange Board of India (SEBI) has tightened rules for intraday positions in equity derivatives to curb excessive speculation and market manipulation, particularly on options expiry days.
• Under the revised framework, the intraday net position limit for index options has been increased to ₹5,000 crore per entity from the earlier ₹1,500 crore, using the Futures-Equivalent (FutEq) methodology after offsetting long and short trades.
• SEBI has directed stock exchanges to strengthen real-time surveillance and monitoring to detect large speculative positions.
• Exchanges and clearing corporations have been instructed to publish a joint Standard Operating Procedure (SOP) within 15 days to provide guidance to market participants.

Recent News :

• In Aug 2025, The Securities and Exchange Board of India (SEBI) took enforcement action against 886 entities for fraudulent and unfair trade practices in the securities market between April 2024 and June 2025.

About SEBI :

• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Tuhin Kanta Pandey
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.

Morgan Stanley raises India’s GDP growth projection to 6.7% for FY 2025-26

• Morgan Stanley revised India’s Gross Domestic Product (GDP) growth forecast for 2025-26 to 6.7%, up from its earlier 6.2%, citing strong April-June quarter growth and expected GST cuts.
• India recorded a 7.8% GDP growth in the April-June 2025 quarter, driven by strong government and private consumption.
• The agency highlighted that GST tax cuts, the festive season, and steady rural demand will boost domestic consumption, offsetting weaker external demand due to higher US tariffs.
• The incremental drag from external demand (about 50 basis points) could be neutralized by a similar boost from GST reductions.
• A good monsoon and strong kharif sowing indicate resilience in agriculture, supporting rural growth.
• In April-June 2025, government consumption rose 7.5%, private consumption rose 7%, while Gross Fixed Capital Formation (GFCF) moderated to 7.8%.
• On the external side, net exports were a drag as imports outpaced exports, though exports to the US grew due to front-loading before tariffs, while exports to other markets slowed.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Coconut Development Board Celebrates World Coconut Day with Revised Schemes and Export Excellence Awards

• The Coconut Development Board (CDB) celebrated World Coconut Day at the Adlux Convention Centre, Angamaly, Kerala, launching newly revised schemes and presenting the Export Excellence Awards.
• Shri M. K. Raghavan, Member of Parliament (MP) and CDB Board Member, stressed the need for processing, product diversification, and productivity improvement in coconut farming.
• Subsidy under revised norms: Area Expansion Programme raised from ₹6,500 per hectare to ₹56,000 per hectare; Seedling production subsidy enhanced from ₹8 to ₹45.

Key Highlights

• Shri Suba Nagarajan, Chairman, CDB, announced higher budget allocation for schemes, reaffirming commitment to building a climate-resilient coconut economy through revised schemes, value addition and skill development.
• Export Excellence Awards 2025:
  • Best Coconut Shell-Based Product Exporter – Gold: United Carbon Solutions Pvt. Ltd., Tirupur, Tamil Nadu; Silver: Nova Carbons India Pvt. Ltd., Tirunelveli, Tamil Nadu; Bronze: Jacobi Carbons India Pvt. Ltd., Coimbatore, Tamil Nadu.
  • Best Coconut Kernel-Based Product Exporter – Gold: Marico Ltd., Mumbai, Maharashtra; Silver: Mezhukkattil Mills, Aluva, Kerala; Bronze: Fair Exports India Pvt. Ltd., Mumbai, Maharashtra.
  • Best Coconut Water-Based Product Exporter – Gold: Sakthi Coco Products, Pollachi, Tamil Nadu.
  • Best Women Exporter – Carbure Activated Carbon Pvt. Ltd., Coimbatore, Tamil Nadu.
  • Best Farmer Producer Organization (FPO) Exporter – Global Coconut Farmers Producer Company Ltd., Tirupur, Tamil Nadu.

India Announces 1,000 e-Scholarships for Afghan Nationals for Academic Year 2025-26

• Government of India has announced 1,000 e-Scholarships for Afghan nationals under the Special Scholarship Scheme for Afghan Nationals (SSSAN) for the academic year 2025-26.
• The initiative will be implemented through the Indian Council for Cultural Relations (ICCR).

Key Highlights

• The scholarships will enable Afghan students to pursue online undergraduate and postgraduate courses via the government’s e-VidyaBharati (e-VB) i-Learn portal.
• The announcement was extensively reported by Afghan media, highlighting India’s continued commitment to the education of Afghan youths.
• This follows similar scholarship grants extended by India in 2023-24 and 2024-25.
• Eligibility Criteria: Afghan nationals aged 18 to 35 years can apply.
• Universities offering programmes under the scheme include:
  • Jamia Millia Islamia
  • Indira Gandhi National Open University (IGNOU)
  • Anna University
  • Kurukshetra University
  • (Along with five other participating Indian universities).
• The scheme provides Afghan students access to a wide range of online programmes, thereby promoting higher education and skill development.

Prime Minister Launches Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited

• Prime Minister Shri Narendra Modi launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited via video conferencing.
• The initiative will enable women associated with Jeevika Self-Help Groups across villages to access financial support more easily to expand their businesses.

Key Highlights

• The Jeevika Nidhi system is fully digital, eliminating physical visits—transactions can be completed via mobile phones.
• The Prime Minister congratulated women of Bihar and praised Shri Nitish Kumar, Chief Minister of Bihar, for this initiative.
• Government initiatives for women highlighted by the Prime Minister:
  • Pradhan Mantri Awas Yojana (PMAY): Crores of permanent houses built, many registered in women’s names.
  • Swachh Bharat Abhiyan: Crores of toilets constructed to end open defecation.
  • Har Ghar Jal initiative: Ensuring access to clean drinking water.
  • Ayushman Bharat Scheme: Free healthcare treatment up to ₹5 lakh per family.
  • Free Ration Scheme: Ensuring food security for mothers and children.
  • Lakhpati Didi, Drone Didi, and Bank Sakhi initiatives: Enhancing women’s income.
• Chief Minister of Bihar Shri Nitish Kumar and Deputy Chief Ministers Shri Samrat Choudhary and Shri Vijay Kumar Sinha were present at the event.
• Background:
  • The Jeevika Nidhi aims to provide easy access to funds at affordable interest rates for members of Jeevika.
  • All registered cluster-level federations of Jeevika will become members of the cooperative society.
  • Funds for operation will be contributed by Government of Bihar and Government of India.
  • Women entrepreneurs earlier depended on microfinance institutions charging 18–24% interest rates.
  • The Jeevika Nidhi will reduce this dependence by providing larger loans at lower interest rates.
  • The system is fully digital, ensuring direct transfers into bank accounts of Jeevika Didis.
  • 12,000 community cadres are being equipped with tablets for smooth digital operations.
  • The initiative will strengthen entrepreneurship development among rural women and accelerate community-led enterprises.
  • Around 20 lakh women across Bihar witnessed the launch.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Prime Minister Narendra Modi Attends 25th Shanghai Cooperation Organization Summit in Tianjin, China

• Indian Prime Minister Narendra Modi participated in the 25th Shanghai Cooperation Organization (SCO) Summit held in Tianjin, China from August 31 to September 1, 2025.
• The Summit focused on the SCO Development Strategy, Global Governance Reform, Counter-Terrorism, Peace & Security, Economic and Financial Cooperation, and Sustainable Development.

Key Highlights :

• PM Modi highlighted India’s cooperation pillars under SCO: Security, Connectivity, and Opportunity.
• The theme of the Summit was “Upholding the Shanghai Spirit: SCO on the Move.”
• SCO represents 23% of global GDP and 42% of the world’s population, expanding beyond its Central Asian roots.
• The Summit concluded with the Tianjin Declaration, the adoption of the SCO Development Strategy (2026–2035), and the approval of a Cooperation Programme (2026–2030) to counter extremism.
• SCO was granted observer status in the CIS, and Cholpon-Ata (Kyrgyz Republic) was named the SCO tourist and cultural capital (2025–2026).
• A new SCO Development Bank was approved to finance infrastructure, promote growth, and support social development.
• Institutional reform merged observer states and dialogue partners into one category: SCO Partners. Laos was granted partner status, expanding the SCO community to 25 nations (10 full members + 15 partners).
• SCO (founded 2001) is a regional political, economic, and security grouping, with 10 full members as of 2025: China, India, Russia, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Iran, and Belarus.
• Note : The 2024 SCO summit was the 24th annual summit of heads of state of the Shanghai Cooperation Organisation held between 3 and 4 July 2024 in Astana, Kazakhstan.

South Korea Passes Law Banning Mobile Phone Use in Schools from March 2026

• South Korea has passed a bill that bans the use of mobile phones and smart devices during class hours in schools, with the law set to take effect in March 2026.
• The legislation, a bi-partisan initiative, aims to address smartphone addiction, which research indicates has a negative impact on academic performance.
• The bill was approved by 115 votes out of 163 in the country’s parliament.
• While most schools in South Korea already have some form of a phone ban, this new law makes the country one of the few to legally enshrine such a ban.
• Similar bans exist in countries such as France, Finland, Italy, Netherlands, and China, although they are often limited to younger children or specific schools.
• A 2024 government survey found that 43% of South Koreans aged 10–19 are excessively dependent on smartphones, which is nearly double the 25% of the overall population.

About South Korea :

• Capital: Seoul
• Currency: South Korean won
• President: Lee Jae Myung

CURRENT AFFAIRS : DEFENCE NEWS

14th edition of India-Thailand Joint Military Exercise MAITREE-XIV Kicks Off in Meghalaya

• The 14th edition of Exercise MAITREE-XIV between India and Thailand commenced on September 1, 2025, at Joint Training Node (JTN), Umroi, Meghalaya, and will conclude on September 14, 2025.
• The exercise is a component of the military-to-military exchange program aimed at enhancing cooperation, interoperability, and mutual understanding between the Indian Army and the Royal Thai Army.
• The Indian Army contingent consists of 120 personnel from a Battalion of the Madras Regiment.
• The Royal Thai Army contingent is represented by 53 personnel from the 1st Infantry Battalion, 14th Infantry Brigade.
• The primary focus is on company-level counter-terrorist operations in semi-urban terrain as outlined under Chapter VII of the United Nations Charter.
• The activities include tactical drills, joint planning, special arms skills, physical fitness, raiding operations, and a culminating 48-hour validation exercise that simulates realistic operational scenarios.
• Exercise MAITREE was first instituted in 2006 and is one of the key bilateral defence cooperation exercises between the two countries.
• This current edition emphasizes the shared commitment to peace, stability, and security in the Indo-Pacific region.

Note :

• The 13th edition of military Exercise MAITREE is scheduled to be conducted from 1st to 15th July 2024 at Fort Vachiraprakan in Tak Province of Thailand.

Indian Naval Ships Tamal and Surat Conclude Port Call at Jeddah, Saudi Arabia

• INS Tamal and INS Surat concluded their port call at Jeddah, Saudi Arabia on August 30, 2025, and participated in a Passage Exercise with the RSNF Corvette HMS Jazan.
• During the port call, Indian ships engaged with the Royal Saudi Naval Force (RSNF) and the Saudi Border Guard through sports and interactions.
• Indian Ambassador Dr. Suhel Ajaz Khan was hosted onboard INS Tamal on August 28, 2025.
• The Commanding Officers of the Indian ships met RAdm Mansour Bin Saud Al-Juaid (Western Fleet Commander, RSNF) and Maj Gen Fahad Bin Majid Al-Duajani (Commander, Royal Saudi Border Guard, Mecca Region).
• Discussions focused on non-traditional security challenges in the Red Sea and Indian Ocean Region, emphasizing the need for joint operations and information sharing.
• INS Tamal hosted a cultural program that was attended by senior Saudi officials, representatives from the Embassy of India, and the Indian diaspora.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Rajit Punhani Appointed as Chief Executive Officer of Food Safety and Standards Authority of India

• Rajit Punhani has taken charge as the Chief Executive Officer (CEO) of the Food Safety and Standards Authority of India (FSSAI).
• He is a 1991-batch IAS officer of the Bihar cadre.
• Previously, he served as Secretary, Ministry of Skill Development and Entrepreneurship.
• He also worked as Secretary, Rajya Sabha, CEO of Sansad TV, and Principal Secretary in the Government of Bihar.
• At FSSAI, he succeeded Ganji Kamala V. Rao, whose tenure ended on August 31, 2025.

About FSSAI :

• FSSAI is a statutory body that functions under the Ministry of Health and Family Welfare.
• Formed : September 5, 2008
• Headquarters : New Delhi, India
• Chairperson : Ms. Punya Salila Srivastava

Former Finance Secretary Ajay Seth Takes Over as Insurance Regulatory and Development Authority of India Chairman

• Ajay Seth, former Finance Secretary, has assumed charge as Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
• He is a 1987-batch IAS officer of the Karnataka cadre, who retired in June 2025 as Secretary, Department of Economic Affairs, after a four-year tenure.
• His appointment was cleared on July 25, 2025, for a three-year term or until he turns 65 years of age.
• He succeeds Debasish Panda, whose term ended on March 13, 2025.

About IRDAI :

• IRDAI is an autonomous statutory body under the Ministry of Finance, Government of India, with its headquarters in Hyderabad.

Inga Ruginiene Appointed as Lithuania’s New Prime Minister After Parliamentary Approval

• The Lithuanian Parliament has approved the appointment of Inga Ruginiene as the new Prime Minister of Lithuania.
• Inga Ruginiene, a Social Democrat, is currently the Minister of Social Security and Labour.
• After her appointment is approved, she has 15 days to present a new cabinet list that has been agreed upon with the President for a parliamentary vote.
• She will officially take office once the President signs the decree appointing her.
• Ruginiene was first elected to Parliament in 2024.
• Before entering politics, she served as Chair of the Lithuanian Trade Union Confederation.

About Lithuania :

• President : Gitanas Nausėda
• Capital : Vilnius
• Currency : Euro

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Directorate General of Civil Aviation Grants First-Ever Safety Clearance to Air India SATS

• The Directorate General of Civil Aviation (DGCA) has granted safety clearance to Air India SATS Airport Services Private Limited (AISATS) for the first time.
• With this clearance, India has become the second country in Asia-Pacific after Malaysia to implement a comprehensive safety framework that is aligned with ICAO guidance.
• This move strengthens Safety Management Systems (SMS) and enhances regulatory oversight in ground handling operations across India.
• The safety certificate was officially handed over at the DGCA Headquarters, New Delhi, marking a milestone in the aviation safety ecosystem.
• The DGCA is a statutory body under the Government of India that is responsible for regulating civil aviation in the country.

About DGCA :

• Headquarters : New Delhi, India
• Director General : Faiz Ahmed Kidwai

CURRENT AFFAIRS: MOUS AND AGREEMENT

Tata Electronics Signs MoU with Merck Electronics for Semiconductor Fab Project in Gujarat

• Tata Electronics and Merck Electronics signed a Memorandum of Understanding (MoU) at Semicon India 2025 in the presence of Union Minister Ashwini Vaishnaw.

Key Highlights

• The MoU focuses on semiconductor manufacturing and related services.
• Merck Electronics will supply:
  • High-purity electronic materials
  • Advanced gas and chemical delivery systems
  • Turnkey fab infrastructure services
  • Artificial Intelligence (AI)-based Material Intelligence solutions
• The agreement also covers semiconductor fabrication infrastructure and chemical and gas distribution systems.
• The collaboration is linked to Tata Electronics’ ₹91,000 crore (USD 11 billion) semiconductor fabrication facility coming up in Dholera, Gujarat.
• The fab will manufacture chips for automotive, mobile devices, and artificial intelligence sectors.
• Merck will provide:
  • Best practices in safety and manufacturing
  • Access to Athinia, a secure data analytics platform
  • Support in warehousing, raw material supply chain development, workforce training, and industry standards setup in India
• Separate MoU with the Centre for Development of Advanced Computing (C-DAC):
  • Focuses on semiconductor design and Intellectual Property (IP) capabilities
  • Collaboration in fab, Outsourced Semiconductor Assembly and Test (OSAT), and design services
• These MoUs will strengthen material supply, design development, and infrastructure for India’s growing semiconductor ecosystem.

RECENT NEWS

• In a landmark move for India’s commercial vehicle industry, Tata Motors has announced the acquisition of Italian truck and bus manufacturer Iveco for €3.8 billion (around ₹34,000 crore). The deal excludes Iveco’s defence business and marks Tata Group’s biggest acquisition since the purchase of steelmaker Corus in 2007.

Agricultural and Processed Food Products Export Development Authority (APEDA) Launches BHARATI Initiative to Boost Agri-Food Startups and Exports

• The Agricultural and Processed Food Products Export Development Authority (APEDA) launched a new initiative BHARATI during the “Food and Beverages Sector Stakeholders Meeting” chaired by Shri Piyush Goyal, Union Minister of Commerce and Industry, in the presence of Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, United Arab Emirates (UAE), and Shri Chirag Paswan, Union Minister of Food Processing Industries.

Key Highlights

• BHARATI stands for Bharat’s Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement.
• The initiative is designed to empower 100 agriculture-food and agriculture-technology startups, accelerate their growth, promote innovation, and create new export opportunities for entrepreneurs.
• It is part of the Agricultural and Processed Food Products Export Development Authority’s vision to achieve 50 billion United States Dollar (USD) in agri-food exports of Scheduled Products by 2030.
• The inaugural pilot cohort will begin in September 2025, supporting 100 startups including high-value agriculture-food producers, technology-driven service providers, and innovators.
• Focus areas of the initiative include:
  • Geographical Indication (GI)-tagged products, organic foods, superfoods, novel processed foods, livestock products, and Ayurveda, Yoga, Unani, Siddha, and Homeopathy (AYUSH) products.
  • Advanced technologies such as Artificial Intelligence (AI)-based quality control, blockchain-enabled traceability, Internet of Things (IoT)-enabled cold chains, and agriculture-financial technology (agri-fintech).
  • Export challenges like product development, value addition, quality assurance, perishability, wastage, and logistics.
• The initiative is aligned with Atmanirbhar Bharat, Vocal for Local, Digital India, and Start-Up India
• Selected startups will undergo a three-month acceleration programme focusing on product development, export readiness, regulatory compliance, and market access.
• The Agricultural and Processed Food Products Export Development Authority will collaborate with state agricultural boards, agricultural universities, Indian Institutes of Technology (IITs), National Institutes of Technology (NITs), industry bodies, and accelerators to strengthen the ecosystem.
• The Agricultural and Processed Food Products Export Development Authority reiterated its commitment to developing and promoting India’s agricultural and processed food products in global markets, enhancing India’s position in global agri-food trade.

CURRENT AFFAIRS: RANKING AND INDEX

Gangtok Ranked 5th Safest City for Women in National Annual Report and Index on Women’s Safety (NARI) 2025

• Gangtok, capital of Sikkim, has been ranked as the 5th safest city for women in India in the National Annual Report and Index on Women’s Safety (NARI) 2025, released by the National Commission for Women (NCW).
• The city secured an overall safety score of around 70.4 percent, which is above the national benchmark of 65 percent.

Key Highlights

• The NARI 2025 Report is a nationwide safety index that surveyed 12,770 women across 31 cities, assessing women’s safety on:
  • Infrastructure quality
  • Incidence and reporting of harassment
  • Workplace security
  • Trust in authorities
  • Day versus night safety perceptions
• The Northeast region performed strongly in this year’s rankings:
  • Kohima, capital of Nagaland, clinched 1st place.
  • Aizawl, capital of Mizoram, secured 4th place.
  • Gangtok, capital of Sikkim, ranked 5th place.
• The report revealed that 60 percent of women feel generally safe in their cities, while 40 percent do not feel safe.
• The NARI Report 2025 underlines persistent challenges nationwide, particularly around night-time safety and underreporting of harassment cases.

Top 7 Safest Indian Cities for Women (NARI 2025 Report):

CURRENT AFFAIRS: SPORTS NEWS

New Delhi to Host Badminton World Championships 2026

• Badminton World Federation (BWF) announced that New Delhi will host the Badminton World Championships in August 2026.
• The announcement was made during the closing ceremony of the 2025 Championships in Paris.

Key Highlights

• The competition will return to India after 17 years; the last time India hosted was in 2009 at Hyderabad.
• The event will also return to Asia after 4 years; the last Asian host city was Nanjing, China in 2018.
• Indian medal winners at Badminton World Championships:
  • PV Sindhu – India’s most successful player with 5 medals (1 Gold, 2 Silver, 2 Bronze).
  • Satwiksairaj Rankireddy & Chirag Shetty – Men’s Doubles medalists in recent editions.
  • H S Prannoy – Medal winner in singles.
  • Prakash Padukone, Jwala Gutta, and Ashwini Ponappa – Also past Indian medal winners.

Daily CA One- Liner: September 4

• The Coconut Development Board (CDB) celebrated World Coconut Day at the Adlux Convention Centre, Angamaly, Kerala, launching newly revised schemes and presenting the Export Excellence Awards
• Government of India has announced 1,000 e-Scholarships for Afghan nationals under the Special Scholarship Scheme for Afghan Nationals (SSSAN) for the academic year 2025-26
• Prime Minister Shri Narendra Modi launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited via video conferencing
• Tata Electronics and Merck Electronics signed a Memorandum of Understanding (MoU) at Semicon India 2025 in the presence of Union Minister Ashwini Vaishnaw.
• The Agricultural and Processed Food Products Export Development Authority (APEDA) launched a new initiative BHARATI during the “Food and Beverages Sector Stakeholders Meeting” chaired by Shri Piyush Goyal, Union Minister of Commerce and Industry, in the presence of Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, United Arab Emirates (UAE), and Shri Chirag Paswan, Union Minister of Food Processing Industries
• Gangtok, capital of Sikkim, has been ranked as the 5th safest city for women in India in the National Annual Report and Index on Women’s Safety (NARI) 2025, released by the National Commission for Women (NCW).
• Badminton World Federation (BWF) announced that New Delhi will host the Badminton World Championships in August 2026.
• Unified Payments Interface (UPI) transactions crossed 20 billion in August 2025, according to data from the National Payments Corporation of India (NPCI).
• India’s Goods and Services Tax (GST) collections rose 6.5% year-on-year to ₹1.86 lakh crore in August 2025, according to government data.
• The Securities and Exchange Board of India (SEBI) has tightened rules for intraday positions in equity derivatives to curb excessive speculation and market manipulation, particularly on options expiry days.
• Morgan Stanley revised India’s Gross Domestic Product (GDP) growth forecast for 2025-26 to 6.7%, up from its earlier 6.2%, citing strong April-June quarter growth and expected GST cuts.
• Indian Prime Minister Narendra Modi participated in the 25th Shanghai Cooperation Organization (SCO) Summit held in Tianjin, China from August 31 to September 1, 2025.
• South Korea has passed a bill that bans the use of mobile phones and smart devices during class hours in schools, with the law set to take effect in March 2026.
• The 14th edition of Exercise MAITREE-XIV between India and Thailand commenced on September 1, 2025, at Joint Training Node (JTN), Umroi, Meghalaya, and will conclude on September 14, 2025.
• INS Tamal and INS Surat concluded their port call at Jeddah, Saudi Arabia on August 30, 2025, and participated in a Passage Exercise with the RSNF Corvette HMS Jazan.
• Rajit Punhani has taken charge as the Chief Executive Officer (CEO) of the Food Safety and Standards Authority of India (FSSAI).
• Ajay Seth, former Finance Secretary, has assumed charge as Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
• The Lithuanian Parliament has approved the appointment of Inga Ruginiene as the new Prime Minister of Lithuania.
• The Directorate General of Civil Aviation (DGCA) has granted safety clearance to Air India SATS Airport Services Private Limited (AISATS) for the first time.

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