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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS
Insurance Surety Bonds for NHAI Projects Surpass ₹10,000 Crore Milestone
- Insurance Surety Bonds (ISB) issued by insurance companies for NHAI contracts have crossed the ₹10,000 crore milestone (₹10,369 crore till July 2025).
- Around 1,600 ISBs were issued as Bid Security and 207 ISBs as Performance Security.
- 12 insurance companies have participated in issuing ISBs for NHAI contracts.
- NHAI is encouraging wider adoption of ISBs and Electronic Bank Guarantees (eBGs) as alternatives to traditional Bank Guarantees (BGs).
- A workshop in New Delhi, chaired by R.V.V.M.K Rajendra Kumar (Member, Finance, NHAI) and Nilesh Sathe (Former IRDA Member), was organized to promote ISB and eBG adoption.
- ISBs are instruments where insurance companies act as Surety and provide a financial guarantee that contractors will fulfill obligations.
- The Ministry of Finance has recognized eBGs and ISBs at par with BGs for all Government procurements.
- ISBs are cost-effective and provide adequate security for infrastructure projects.
- India’s Bank Guarantee requirement in infrastructure is expected to grow by 6–8% annually, making Surety Bonds a viable alternative.
National Payments Corporation of India Raises Unified Payments Interface Transaction Limits Across Categories, Effective September 15, 2025
- The National Payments Corporation of India (NPCI) announced an increase in UPI transaction limits across multiple categories, effective September 15, 2025.
- The move enables higher-value payments in insurance premiums, capital markets, credit card bills, travel, and government-related transactions.
- New Per-Transaction Limit: Up to ₹5 lakh for high-value categories (tax payments, insurance, capital markets, etc.).
- Daily Aggregate Limit: Increased to ₹10 lakh for most categories, depending on the sector.
Revised Category-Wise Limits
- Capital Markets & Investments: ₹5 lakh/transaction, ₹10 lakh daily.
- Insurance Payments: ₹5 lakh/transaction, ₹10 lakh daily.
- Government e-Marketplace (GeM): ₹5 lakh/transaction, ₹10 lakh daily.
- Travel Payments: ₹5 lakh/transaction, ₹10 lakh daily.
- Credit Card Payments: ₹5 lakh/transaction, ₹6 lakh daily.
- Collections & Business Payments: ₹5 lakh/transaction, no daily cap for business payments.
- Jewellery Purchases: ₹5 lakh/transaction, ₹6 lakh daily.
- Foreign Exchange Retail via BBPS: ₹5 lakh per transaction/daily.
- Digital Account Opening & Initial Funding: ₹5 lakh/transaction, ₹2 lakh daily for funding.
- Peer-to-Peer (P2P) UPI transactions continue under existing limits (₹1 lakh/transaction).
- UPI is developed by NPCI and regulated by RBI, operating on the IMPS infrastructure for instant fund transfers.
Securities and Exchange Board of India Unveils Special Framework for Voluntary Delisting of Public Sector Undertakings with 90% or Higher Government Stake
- The Securities and Exchange Board of India (SEBI) has introduced special measures for voluntary delisting of Public Sector Undertakings (PSUs) where the government owns 90% or more stake, in a move aimed at streamlining the exit process.
- The measures relax the two-thirds public shareholder approval requirement and allow delisting at a fixed price, at least 15% above the floor price, regardless of trading frequency.
- SEBI said the rule is applicable for PSUs—excluding banks, Non-banking Financial Companies (NBFCs), and insurance companies—where the state ownership is 90% or more.
- Under the previous delisting rules, a PSU could be delisted only if promoter shareholding reached 90%.
- For PSUs delisted under these special provisions, if they undergo voluntary strike-off within 30 days after one year of delisting, the unpaid dues of public shareholders (who did not tender shares) will be transferred to a designated stock exchange account.
- The stock exchange will hold these funds for 7 years, and investors can claim their dues anytime during this period.
Fitch Raises India’s FY26 GDP Growth Forecast to 6.9% on Strong Domestic Demand
- Fitch Ratings has upgraded India’s GDP growth outlook for FY26 to 6.9% (earlier 6.5%), citing strong domestic demand and robust consumer spending.
- The government’s announced GST reform is expected to boost consumer spending, while the RBI is projected to cut the repo rate by 25 basis points by the end of 2025, and then raise rates again in 2027.
- Inflation is expected to average 3.2% by end-2025 and 4.1% by end-2026.
- India’s Q1 FY26 GDP grew 7.8%, a five-quarter high, surpassing the RBI’s forecast of 6.5%.
- The services sector grew by 9.3%, while manufacturing (7.7%) and construction (7.6%) also posted strong growth.
- Risks flagged include rising trade tensions with the US, after a 50% tariff on Indian imports in August 2025, which could weigh on investment sentiment.
- For the medium term, GDP growth is projected at 6.3% in FY27 and 6.2% in FY28, with domestic demand as the main driver but with weaker momentum compared to early FY26.
International Finance Corporation Commits $60 Million (₹498 Crore) Loan to Greater Visakhapatnam Municipal Corporation
- International Finance Corporation (IFC), a member of the World Bank Group, has committed a loan of $60 million (₹498 crore) to the Greater Visakhapatnam Municipal Corporation (GVMC).
- The loan tenure is 15 years at a floating interest rate of 8.15%, to be repaid from GVMC’s own resources.
- A formal agreement was signed at the AP Secretariat, Amaravati, marking the first-ever direct municipal financing by IFC in India.
- This is also the first instance of a development finance institution lending to an Indian city without a sovereign guarantee.
- The loan will fund the Madhurawada Sewage System Project in Visakhapatnam, improving sanitation infrastructure in a rapidly urbanizing region.
- The project will help protect the coastline, create jobs, and promote resilient, low-carbon growth.
About IFC :
- Formation : July 20, 1956
- Headquarters : Washington, D.C., United States
- Managing Director : Makhtar Diop
- Membership : 186 countries
CURRENT AFFAIRS: NATIONAL AND STATE NEWS
Export Credit Guarantee Corporation of India Reports Record Performance in FY 2024-25 at 67th Annual General Meeting
- Export Credit Guarantee Corporation of India (ECGC), the export credit insurance entity of the Government of India, conducted its 67th Annual General Meeting for FY 2024-25, attended by all shareholders including the Commerce Secretary.
Key Highlights
- Value of Exports Supported stood at ₹8.55 lakh crore, marking an all-time high with a 17% growth, and exporter cover grew by 20%.
- Gross Premium achieved a record ₹1,366.53 crore, registering 7.54% growth, while claims paid amounted to ₹453.46 crore, higher than ₹450.31 crore in FY 2023-24.
- Profit Before Tax (PBT) was ₹2,723.07 crore, compared to ₹2,858.95 crore in FY 2023-24, and Profit After Tax (PAT) stood at ₹2,076.67 crore.
- Dividend Declared: ₹433.80 crore for FY 2024-25.
- Measures to Support Indian Exporters:
- Enhanced cover of 90% for banks on export credit loans to small exporters.
- Digitalization through revamped ERP and client portal systems.
- Common Facilitation Centre at central office for assistance on export credit and insurance.
- Simplified procedure for settlement of small claims up to ₹10 crore.
- Enhanced collateral-free export credit cover for Micro and Small Exporters (MSEs).
- 20 banks currently availing whole turnover Export Credit Insurance for Banks (ECIB) cover.
- Measures to Mitigate Tariff Disruptions:
- Market diversification through review of countries in Latin America, Africa, South-East and East Asia.
- Extended cover for exporters’ losses due to non-delivery, including resale, discount, reshipment, and diversion of voyage.
- Enhanced cover for banks up to Export Credit Limit of ₹50 crore with no additional premium.
Purple Fest 2025 Organized by Indian Sign Language Research and Training Centre and Amity University
- The Indian Sign Language Research and Training Centre (ISLRTC), New Delhi in collaboration with Amity University, Uttar Pradesh (Noida) organized Purple Fest 2025 on 10–11 September 2025.
- The event was inaugurated by Ms. Manmeet Kaur Nanda, Additional Secretary, Department of Empowerment of Persons with Disabilities (DEPwD), and Dr. Balvinder Shukla, Vice Chancellor, Amity University.
- A Certificate of Appreciation was awarded to Ms. Gurdeep Kaur Vasu, the first deafblind Indian to secure a government job under the multiple disabled category in the Commercial Tax Department, Madhya Pradesh.
- Highlights of Purple Fest 2025:
- Art & Craft Exhibition showcasing works of Divyangjan.
- 22 Entrepreneurship Stalls by Divyangjan entrepreneurs.
- Cultural programmes and sports events demonstrating talent and inclusivity.
- Continuing Rehabilitation Education (CRE) programmes with focus on Indian Sign Language (ISL).
- The fest carried the message: Disability is not weakness, Assistive Devices are not charity, and Respect is not a favor—it is a Right.
About Uttar Pradesh:
- Chief Minister: Yogi Adityanath
- Governor: Anandiben Patel
- Capital: Lucknow
- National Parks: Dudhwa National Park
- Wildlife Sanctuaries: Katarniaghat Wildlife Sanctuary, Kaimoor Wildlife Sanctuary, Nawabganj Bird Sanctuary (Shahid Chandra Shekhar Azad Bird Sanctuary), Hastinapur Wildlife Sanctuary, Sur Sarovar Bird Sanctuary, Chandraprabha Wildlife Sanctuary, Mahavir Swami Wildlife Sanctuary, Ranipur Wildlife
Saudi Arabia Jewellery Exposition (SAJEX) 2025 Launched in Jeddah
- The Gem & Jewellery Export Promotion Council of India (GJEPC), along with the Consulate General of India in Jeddah, the Embassy of India in Riyadh, and the Ministry of Commerce & Industry, launched the Saudi Arabia Jewellery Exposition (SAJEX) 2025.
- The event is being held at the Jeddah Superdome from 11–13 September 2025.
Key Highlights
- Over 200 exhibitors across 250 booths are participating, with more than 2,000 business visitors and international buyers expected.
- India exported USD 32 billion worth of gems and jewellery in 2024-25.
- India processes over 1 billion diamonds annually, accounting for 65% of global value and 92% of global volume in the diamond trade.
- The sector witnessed a 315% rise in Foreign Direct Investment (FDI) in FY 2024-25, contributing to India’s overall USD 50 billion FDI inflow.
- SAJEX 2025 is supported by the Ministry of Investment of Saudi Arabia and the Jeddah and Makkah Chambers of Commerce.
- The World Jewellery Investment Forum will be held alongside SAJEX 2025, featuring discussions on trade facilitation, GCC market trends, investment opportunities, and transparency in the jewellery sector.
- Saudi Arabia’s jewellery market is projected to grow from USD 4.56 billion in 2024 to USD 8.34 billion by 2030, with a 10.6% CAGR, under Vision 2030.
About Saudi Arabia
- Capital: Riyadh
- Currency: Saudi Riyal
- King: Salman bin Abdulaziz Al Saud
India Achieves 250 Gigawatt Non-Fossil Fuel Power Capacity, Targets 500 Gigawatt Renewable Energy by 2030
- India has reached 250 Gigawatt non-fossil fuel electricity generation capacity, announced by Union Minister for New and Renewable Energy Pralhad Joshi during the State Review Meeting on Renewable Energy in New Delhi.
Key Highlights
- The non-fossil fuel capacity includes solar energy, wind power, hydropower, biomass energy, and nuclear energy.
- This achievement accelerates India’s progress toward its 500 Gigawatt renewable energy target by 2030, committed under the Nationally Determined Contributions (NDCs) to the Paris Agreement.
- Minister Joshi emphasized Swachh Bharat and Swachh Energy as twin pillars of sustainability, linking clean energy to reduced pollution, better health, and energy access.
- A utility-led solar model has enabled the government to provide free electricity to 20 lakh households, particularly those without rooftop ownership.
- Andhra Pradesh has shown notable progress and submitted detailed implementation proposals. The initiative aims to scale up to 1 crore households nationwide, ensuring rural electrification and energy equity.
- The minister also mentioned that NEXT GEN Goods and Services Tax (GST) reforms will strengthen Gross Domestic Product (GDP) growth and benefit the renewable energy sector by improving investments and compliance.
Namo Bharat Becomes India’s Fastest Train at 160 km/h on Delhi–Meerut Regional Rapid Transit System (RRTS)
- Namo Bharat clocked 160 km/h, becoming India’s fastest train, operating on the Delhi–Meerut Regional Rapid Transit System (RRTS).
- The Delhi–Meerut corridor (82.15 km with 16 stations) reduces travel time between the two cities to under 60 minutes.
- The currently operational stretch spans 55 km from New Ashok Nagar (Delhi) to Meerut South (Uttar Pradesh).
Key Highlights
- The trains are equipped with Automatic Train Protection (ATP), Automatic Train Control (ATC), and Automatic Train Operations (ATO) for safe high-speed travel.
- The service uses 36 six-car trainsets, designed in Hyderabad and manufactured at Alstom’s Savli facility, Gujarat.
- Unlike express trains or metros, Namo Bharat works as a hybrid rapid transit system, offering high frequency (every 15 minutes), no seat reservation, and medium-distance intercity connectivity.
- Launched on 21 October 2023, the first 17 km priority section has already served over 1.5 crore riders.
- The RRTS corridor integrates with the Meerut Metro (23 km, 13 stations), providing seamless interchange between local and regional routes.
- The project is a joint initiative of the Government of India (50%) and the state governments of Delhi, Uttar Pradesh, Haryana, and Rajasthan (12.5% each).
- Future corridors are planned for Delhi–Panipat and Delhi–Alwar, strengthening intercity connectivity in Northern India.
National Statistical Office to Conduct All India Debt and Investment Survey (AIDIS) and Situation Assessment Survey (SAS) from July 2026 to June 2027
- The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) will conduct two national surveys – All India Debt and Investment Survey (AIDIS) and Situation Assessment Survey (SAS) of Agricultural Households – during July 2026 to June 2027.
- Both surveys are part of the National Sample Survey (NSS), operational since 1950.
Key Highlights
- AIDIS (last conducted in 2019, 77th NSS round) will study:
- Household debt and sources of borrowing.
- Asset ownership patterns (rural & urban).
- Wealth distribution and financial inequality.
- Access to formal and informal credit markets.
- SAS (introduced in 2003, expanded in 2013 & 2019) will cover:
- Household income, expenditure, and indebtedness.
- Land, livestock, and asset ownership.
- Crop & livestock production, use of technology, and sustainability practices.
- Access to government schemes, crop insurance, and subsidies.
- Draft Concept Notes and Schedules of the surveys are open for public consultation until 30 September 2025.
- Data will be used by RBI, NITI Aayog, Ministry of Agriculture, and policymakers for designing schemes on financial inclusion, rural credit, and agriculture development.
- The surveys will also provide benchmarks for Sustainable Development Goals (SDGs), especially poverty reduction, financial inclusion, and sustainable agriculture.
Amit Shah Inaugurates Fast Track Immigration – Trusted Traveller Programme at 5 New Airports, Expands to 13 Airports
- Union Home Minister and Minister of Cooperation, Shri Amit Shah inaugurated the Fast Track Immigration – Trusted Traveller Programme (FTI–TTP) at five new airports – Lucknow, Thiruvananthapuram, Tiruchirappalli (Trichy), Kozhikode, and Amritsar through video conferencing.
- With this, the programme is now operational at 13 airports including Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Kochi, Ahmedabad, and the newly added 5 airports.
Key Highlights
- Plans are in place to further extend the facility to the upcoming Navi Mumbai and Jewar airports.
- The system enables immigration clearance in just 30 seconds through e-Gates after biometric verification, eliminating long queues and manual checking.
- Registrations: Around 3 lakh travellers have registered on the FTI–TTP portal (ftittp.mha.gov.in), out of which 2.65 lakh have already used the facility.
- The programme will be linked to the issuance of passports and Overseas Citizen of India (OCI) cards to ensure wider participation.
- The FTI–TTP was first launched in 2024 at Delhi Airport, followed by expansion to major airports before the latest additions.
- Passenger traffic growth under Prime Minister Narendra Modi’s leadership:
- Indians travelling abroad: 3.54 crore in 2014 → 6.12 crore in 2024 (73% growth).
- Foreign visitors to India: 1.53 crore in 2014 → nearly 2 crore in 2024 (31% growth).
- Combined passenger movement: 5.07 crore in 2014 → 8.12 crore in 2024 (60% growth).
RECENT NEWS
- In a major move to empower turmeric farmers and boost exports, Union Home Minister Amit Shah inaugurated the National Headquarters of the Turmeric Board in Nizamabad, Telangana on June 30, 2025.
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, inaugurates the first-ever overseas campus of the IIM Ahmedabad (IIMA) in Dubai
- H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, inaugurated the first overseas campus of Indian Institute of Management Ahmedabad (IIMA) in Dubai.
Key Highlights
- Union Education Minister, Shri Dharmendra Pradhan, and H.E. Dr. Abdulrahman Abdulmannan Al Awar, Acting Minister of Higher Education and Scientific Research, UAE, attended the inauguration.
- Bilateral Engagements:
- Shri Pradhan met H.E. Dr. Abdulrahman Al Awar to discuss higher education cooperation, joint research, capacity building, and academic exchanges.
- Both sides agreed to make knowledge, innovation, and research a key component of the Comprehensive Strategic Partnership.
- Visit to Manipal University, Dubai:
- Held roundtable discussions with principals of Indian higher education institutions including Symbiosis, BITS Pilani, MIT, Amity, focusing on research commercialisation and strengthening Brand India globally.
- Interaction with CBSE Schools:
- Met principals of 109 Indian Curriculum schools in the UAE.
- Announced 12 Atal Tinkering Labs (ATL) in CBSE schools in GCC countries to promote STEM education and entrepreneurship.
- Ek Ped Maa Ke Naam 2.0 Campaign:
- Planted a Ghaf tree, national tree of UAE, at the Indian Consulate in Dubai.
- Symbolises stability, peace, and India-UAE friendship.
- The visit reinforced India-UAE cooperation in education, promoting knowledge exchange, innovation, and empowerment of future generations.
CURRENT AFFAIRS : INTERNATIONAL NEWS
United States Senator Bernie Moreno Introduces Halting International Relocation of Employment Act to Restrict Outsourcing
- United States (U.S.) Senator Bernie Moreno (R-Ohio) introduced the Halting International Relocation of Employment (HIRE) Act to curb outsourcing.
- The bill proposes a 25% excise tax on outsourcing payments (payments by U.S. taxpayers/companies to foreign persons for services benefiting U.S. consumers).
- The tax will apply to payments made after December 31, 2025, making outsourcing more expensive.
- Companies must pay this 25% outsourcing tax on payments to foreign workers for services consumed in the U.S.
- The Act proposes to tax earnings of foreign students under the OPT program, who are currently exempt from FICA taxes.
- The HIRE Act amends the Internal Revenue Code of 1986, aimed at increasing costs for hiring overseas labor, thereby encouraging domestic hiring and reshoring jobs to the U.S.
CURRENT AFFAIRS: AWARDS AND HONOURS
Dr. Manmohan Singh Posthumously Awarded PV Narasimha Rao Memorial Award for Economics
- Former Prime Minister Dr. Manmohan Singh was posthumously honoured with the PV Narasimha Rao Memorial Award for Economics.
- The award was presented by Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, and accepted by Gursharan Kaur on behalf of Dr. Singh.
Key Highlights
- The honour recognizes his pivotal role in India’s 1991 economic reforms, which steered the nation out of a financial crisis and initiated liberalisation.
- As Finance Minister under Prime Minister PV Narasimha Rao, Dr. Singh introduced reforms such as:
- De-licensing of industries
- Reduction of import tariffs
- Market-driven exchange rates
- Encouragement of Foreign Direct Investment (FDI)
- Restructuring of the public sector
- These measures laid the foundation for India’s economic liberalisation and long-term growth.
- The award was instituted by the Hyderabad-based PV Narasimha Rao Memorial Foundation (PVNMF) to honour transformational contributions to India’s economic development.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Injeti Srinivas appointed as Chairman of National Stock Exchange Governing Board
- The National Stock Exchange (NSE) has appointed Injeti Srinivas as the new Chairman of its governing board.
- Srinivas is the former Chairman of the International Financial Services Centres Authority (IFSCA) and was the founding head of the authority.
- The NSE had been without a chairman since Girish Chandra Chaturvedi’s term ended in July 2024.
- SEBI had flagged the delay in appointment as a concern in relation to NSE’s upcoming IPO.
- Srinivas has previously served as Corporate Affairs Secretary, on the boards of SEBI and LIC, and was a member of the Financial Stability and Development Council (2017–2023).
Acharya Devvrat, Gujarat Governor, Assigned Additional Charge of Maharashtra
- Gujarat Governor Acharya Devvrat has been given additional charge of Maharashtra after P. Radhakrishnan demitted office on September 11, 2025, following his election as Vice-President of India.
- President Droupadi Murmu issued the appointment order, giving Acharya Devvrat the responsibility to discharge duties as Governor of Maharashtra in addition to his own.
- Acharya Devvrat, aged 66, is a former educator, an Arya Samaj pracharak, and has been serving as Governor of Gujarat since 2019.
- P. Radhakrishnan, aged 67, the NDA nominee, won the Vice-Presidential election on September 9, 2025, defeating INDIA bloc’s B. Sudershan Reddy by 152 votes.
- Maharashtra Deputy CM Eknath Shinde and CM Devendra Fadnavis will attend the swearing-in ceremony in New Delhi on September 12, 2025.
Emmanuel Macron names Sébastien Lecornu as France’s new Prime Minister, succeeding François Bayrou
- French President Emmanuel Macron appointed Sébastien Lecornu as the new Prime Minister of France, replacing François Bayrou.
- Sébastien Lecornu (39 years old) was France’s youngest Defence Minister and the architect of the €413 billion Defence Expansion Plan (2024–2030), shaped by the Russia–Ukraine war.
- He became France’s fourth Prime Minister within a year, tasked with securing a budget deal and addressing nationwide protests led by the “Block Everything” movement.
- To manage unrest, 80,000 police have been deployed across France.
About France :
- Capital : Paris
- Currency : Euro (EUR)
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
National Aeronautics and Space Administration’s Perseverance Rover Discovers Rocks in Jezero Crater Suggesting Strong Evidence of Ancient Microbial Life on Mars
- The National Aeronautics and Space Administration’s (NASA) Perseverance rover has found rocks in Neretva Vallis, Jezero Crater, a dried Martian river channel, that may contain the strongest evidence of ancient microbial life.
- The rocks belong to the Bright Angel formation (clay-rich mudstones) and contain organic carbon, iron phosphate, and iron sulfide.
- Visual signatures included microscopic “poppy seeds” and “leopard spots”, often linked to microbial activity on Earth.
- Perseverance has so far collected 30 rock samples, with 10 stored in titanium tubes on Mars as a backup cache.
- The rover was launched on July 30, 2020 and landed on February 18, 2021, specifically to explore Jezero Crater’s habitability.
- The sample return mission, originally targeted for early 2030s, now faces delays to the 2040s due to rising costs (approx. $11 billion).
- If confirmed, this would be first direct evidence of extraterrestrial life, reshaping astrobiology, planetary habitability studies, and future human missions to Mars.
- Even without confirmation of life, findings provide insight into how non-biological processes mimic biological signatures, critical for future space exploration.
India Launches First Indigenous Medium Altitude Long Endurance Autonomous Combat Aircraft in Bengaluru
- India unveiled its first indigenous MALE (Medium Altitude Long Endurance) Autonomous Combat Aircraft in Bengaluru under the Atmanirbhar Bharat initiative.
- The AI-powered platform ‘FWD Kaal Bhairava’ marks a major milestone in self-reliance in military technology.
- FWD Kaal Bhairava, developed by Flying Wedge Defence and Aerospace (FWDA), has received a $30 million export order, showcasing global confidence in India’s defense capabilities.
- The drone is capable of 30-hour continuous flight with a 3,000 km operational range, making it suitable for long-range surveillance, precision strikes, and swarm warfare.
- The combat drone is fully designed and manufactured in India, reinforcing indigenous defense production.
CURRENT AFFAIRS : APPS & PORTALS
Indian Institute of Technology Palakkad Launches Nation’s First AI-Powered Learning App ‘Tutoz’
- The Indian Institute of Technology (IIT) Palakkad, Kerala, has launched India’s first Artificial Intelligence (AI)-powered learning application named ‘Tutoz’.
- The AI-powered app ‘Tutoz’ is designed to help students prepare for national-level entrance exams like Joint Entrance Examination (JEE), the National Eligibility cum Entrance Test (NEET), and the Common Admission Test (CAT).
- ‘Tutoz’ is a pioneering educational platform that uses Artificial Intelligence (AI) to provide a personalized and intelligent learning experience.
Daily CA One- Liner: September 13
- Export Credit Guarantee Corporation of India (ECGC), the export credit insurance entity of the Government of India, conducted its 67th Annual General Meeting for FY 2024-25, attended by all shareholders including the Commerce Secretary
- The Indian Sign Language Research and Training Centre (ISLRTC), New Delhi in collaboration with Amity University, Uttar Pradesh (Noida) organized Purple Fest 2025 on 10–11 September 2025
- The Gem & Jewellery Export Promotion Council of India (GJEPC), along with the Consulate General of India in Jeddah, the Embassy of India in Riyadh, and the Ministry of Commerce & Industry, launched the Saudi Arabia Jewellery Exposition (SAJEX) 2025
- India has reached 250 Gigawatt non-fossil fuel electricity generation capacity, announced by Union Minister for New and Renewable Energy Pralhad Joshi during the State Review Meeting on Renewable Energy in New Delhi
- Namo Bharat clocked 160 km/h, becoming India’s fastest train, operating on the Delhi–Meerut Regional Rapid Transit System
- The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) will conduct two national surveys – All India Debt and Investment Survey (AIDIS) and Situation Assessment Survey (SAS) of Agricultural Households – during July 2026 to June 2027
- Union Home Minister and Minister of Cooperation, Shri Amit Shah inaugurated the Fast Track Immigration – Trusted Traveller Programme (FTI–TTP) at five new airports – Lucknow, Thiruvananthapuram, Tiruchirappalli (Trichy), Kozhikode, and Amritsar through video conferencing
- H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, inaugurated the first overseas campus of Indian Institute of Management Ahmedabad (IIMA) in Dubai
- Former Prime Minister Manmohan Singh was posthumously honoured with the PV Narasimha Rao Memorial Award for Economics.
- Insurance Surety Bonds (ISB) issued by insurance companies for NHAI contracts have crossed the ₹10,000 crore milestone (₹10,369 crore till July 2025).
- The National Payments Corporation of India (NPCI) announced an increase in UPI transaction limits across multiple categories, effective September 15, 2025.
- The Securities and Exchange Board of India (SEBI) has introduced special measures for voluntary delisting of Public Sector Undertakings (PSUs) where the government owns 90% or more stake, in a move aimed at streamlining the exit process.
- Fitch Ratings has upgraded India’s GDP growth outlook for FY26 to 6.9% (earlier 6.5%), citing strong domestic demand and robust consumer spending.
- International Finance Corporation (IFC), a member of the World Bank Group, has committed a loan of $60 million (₹498 crore) to the Greater Visakhapatnam Municipal Corporation (GVMC).
- United States (U.S.) Senator Bernie Moreno (R-Ohio) introduced the Halting International Relocation of Employment (HIRE) Act to curb outsourcing.
- The National Stock Exchange (NSE) has appointed Injeti Srinivas as the new Chairman of its governing board.
- Gujarat Governor Acharya Devvrat has been given additional charge of Maharashtra after P. Radhakrishnan demitted office on September 11, 2025, following his election as Vice-President of India.
- French President Emmanuel Macron appointed Sébastien Lecornu as the new Prime Minister of France, replacing François Bayrou.
- The National Aeronautics and Space Administration’s (NASA) Perseverance rover has found rocks in Neretva Vallis, Jezero Crater, a dried Martian river channel, that may contain the strongest evidence of ancient microbial life.
- India unveiled its first indigenous MALE (Medium Altitude Long Endurance) Autonomous Combat Aircraft in Bengaluru under the Atmanirbhar Bharat initiative.
- The Indian Institute of Technology (IIT) Palakkad, Kerala, has launched India’s first Artificial Intelligence (AI)-powered learning application named ‘Tutoz’.
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