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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS
Reserve Bank of India Article Projects 21.5% Jump in Private Capex to ₹2.67 Trillion in FY26
- Private sector capital investment is projected to rise by 21.5% to ₹2.67 lakh crore in 2025–26, up from ₹2.20 lakh crore in 2024–25 (RBI bulletin).
- This growth is supported by robust macroeconomic fundamentals, a 100-basis-point policy rate cut, and sustained disinflation.
- Indian firms began FY 2025–26 with healthier balance sheets, higher cash buffers, improved profitability, and diversified funding sources.
- A policy push for infrastructure, easy liquidity conditions, and rising capacity utilization are fostering a positive environment for higher investment.
- The infrastructure sector attracted the major share of the projected investment, led by the power industry.
- Investment is largely driven by greenfield infrastructure projects, indicating a combination of a cyclical recovery and structural capacity building.
- The article, titled “Private Corporate Investment: Growth in 2024–25 and Outlook for 2025–26”, was authored by officials from the RBI’s Department of Statistics and Information Management.
- Sources of financing include: bank/FI sanctions, external commercial borrowings, and equity issuances.
- Monitoring project implementation and supportive policy measures are crucial for converting investment intentions into execution, leading to durable economic gains.
Government notifies move to allow 100% Foreign Direct Investment in insurance sector
- The Ministry of Finance has issued a notification under the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, which allows for 100% Foreign Direct Investment (FDI) in the insurance sector, replacing the previous 74% cap.
- This FDI will be permitted through the automatic route, subject to verification by the Insurance Regulatory and Development Authority of India (IRDAI).
- The reform is designed to unlock capital, boost innovation, and improve global competitiveness within India’s insurance market.
- The Indian insurance sector is projected to grow at a rate of 1% annually, driven by factors such as higher demand for life and health insurance, rising financial literacy, digital adoption, and government social security schemes.
- The expected benefits of 100% FDI include:
- attracting global insurance players
- enabling product diversification and tech-driven solutions
- enhancing capital adequacy and market penetration
- improving claims management and underwriting modernization
- The IRDAI will continue to ensure regulatory compliance and transparency, with the goal of safeguarding financial stability and public welfare.
Reserve Bank of India Governor Sanjay Malhotra Says India Poised to Emerge as World’s Third-Largest Economy
- Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that India is on track to become the world’s third-largest economy, citing strong economic momentum.
- He credited Pradhan Mantri Jan Dhan Yojana (PMJDY) as a key driver of financial inclusion and inclusive growth.
- Jan Dhan Yojana, launched 11 years ago, has opened 55 crore bank accounts, offering savings, credit, insurance, and pension services to marginalized and rural populations.
- India reported 7.8% GDP growth in April–June FY 2025–26, the highest in five quarters, reinforcing economic resilience despite global uncertainties.
- Malhotra stated India now ranks among the top five economies, and momentum will push it into the top three globally.
- The Governor addressed ‘Santripti Shivir’, part of a nationwide financial inclusion campaign (July 1–Sept 30, 2025), focusing on opening new accounts, enrolling in social security, and updating KYC.
- He warned against misuse of mule accounts, urging KYC compliance to prevent illicit fund transfers.
- Stressed the importance of digital literacy and promotion of UPI & digital banking for safe, efficient transactions.
CURRENT AFFAIRS: NATIONAL AND STATE NEWS
Odisha Emerges as Green Mobility Leader with Electric Bus Expansion
- Odisha is emerging as a green mobility leader, ranking 5th in India in terms of electric bus adoption.
- The state currently has 450 e-buses in operation and plans to more than double its fleet in the coming years as part of its clean transport initiative.
- This move aligns with India’s broader efforts to promote eco-friendly urban transport under central government support schemes.
- As per official data, India currently operates 14,329 electric buses.
Key Highlights
- Top-performing states are Delhi (3,564), Maharashtra (3,296), Karnataka (2,236), Uttar Pradesh (850), and Odisha (450).
- Odisha has surpassed its eastern neighbors including West Bengal (391), Andhra Pradesh (238), Chhattisgarh (215), and Jharkhand (46).
- These figures highlight Odisha’s leadership in Eastern India on sustainable mobility.
- The Capital Region Urban Transport (CRUT) agency has spearheaded Odisha’s e-mobility efforts, currently running e-buses in Bhubaneswar, Cuttack, and Puri.
- The state now plans to extend services to Sambalpur, Jharsuguda, Keonjhar, Berhampur, and Angul.
- Odisha’s target is to expand the fleet beyond 1,000 e-buses, making urban transit cleaner and more efficient.
- To support the expanding fleet, the state is installing charging stations at depots and terminals.
- Smart ticketing is being introduced, including QR-code payments, National Common Mobility Cards (NCMC), and app-based ticket booking.
- These upgrades aim to deliver seamless, dignified, and commuter-friendly urban mobility, stated Housing & Urban Development Minister Krushna Chandra Mahapatra.
About Odisha:
- Chief Minister: Mohan Charan Majhi
- Governor: Hari Babu Kambhampati
- Capital: Bhubaneswar
- National Parks: Simlipal National Park, Bhitarkanika National Park
- Wildlife Sanctuaries: Chandaka Wildlife Sanctuary, Nandankanan Zoological Park, Kuldiha Wildlife Sanctuary, Debrigarh Wildlife Sanctuary, Kotagarh Wildlife Sanctuary, Lakhari Valley Wildlife Sanctuary, Baisipalli Wildlife Sanctuary
Prime Minister Narendra Modi at 25th SCO Summit in Tianjin, China
- Prime Minister Narendra Modi participated in the 25th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO), held in Tianjin, China, from 31 August to 1 September 2025.
- The summit discussed SCO Development Strategy, Global Governance Reform, Counter-Terrorism, Peace & Security, Economic and Financial Cooperation, and Sustainable Development.
Key Highlights
- PM Modi outlined India’s approach under three key pillars – Security, Connectivity, and Opportunity.
- He urged firm and decisive action against terrorism, stressing that there should be no double standards in dealing with terror and calling for accountability of countries supporting cross-border terrorism.
- On connectivity, PM reiterated India’s support for projects like Chabahar Port and the International North-South Transport Corridor (INSTC).
- He emphasized opportunities in start-ups, innovation, youth empowerment, and shared cultural heritage under the SCO framework.
- PM proposed starting a Civilizational Dialogue Forum to enhance people-to-people ties and cultural understanding.
- Called for similar reforms in multilateral institutions like the United Nations.
- The summit concluded with the adoption of the Tianjin Declaration.
National e-Governance Division Enables Pan-India Integration of e-Government Services on DigiLocker and e-District Platforms
- The National e-Governance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY) achieved a milestone by enabling Pan-India integration of e-Government services on DigiLocker and e-District platforms.
- This initiative marks a major leap in the Digital India programme, promoting paperless and mobile governance, and contributing directly to the Sustainable Development Goals (SDGs).
Key Highlights
- DigiLocker has emerged as a robust pillar of digital public infrastructure, solving challenges of interoperability, data security, and multi-stakeholder coordination.
- Citizens benefit from ease of access, inclusivity, and trusted services through DigiLocker’s resilient framework.
- Maharashtra offers the highest number of services (254), followed by Delhi (123), Karnataka (113), Assam (102), and Uttar Pradesh (86).
- Kerala and Jammu & Kashmir provide 77 services each, Andhra Pradesh (76), Gujarat (64), Tamil Nadu & Goa (63 each), Haryana (60), Himachal Pradesh (58).
- NeGD plans to further expand by adopting AI-driven technologies, conducting training programmes and workshops at the State level to enhance inclusivity and last-mile service delivery.
- This milestone reflects the Government’s commitment to digital empowerment in line with PM Narendra Modi’s vision of a digitally enabled India.
About NeGD
- Established in 2009 as an Independent Business Division under the Digital India Corporation (a Section 8 not-for-profit company).
- Manages national digital platforms such as DigiLocker, Entity Locker, UMANG, OpenForge, API Setu, myScheme, India Stack Global, Meri Pehchaan, UX4G.
Ministry of Tribal Affairs Launches “Adi Vaani” – India’s First AI-Powered Translator for Tribal Languages
- The Ministry of Tribal Affairs launched the Beta Version of “Adi Vaani”, India’s first AI-powered translator for tribal languages, developed under Janjatiya Gaurav Varsh.
- The initiative aims to empower tribal communities and preserve India’s linguistic diversity.
Key Highlights
- Adi Vaani is available on the Play Store, a web platform, and will soon be launched on iOS.
- It is designed to bridge communication gaps between tribal and non-tribal communities while safeguarding endangered languages using Artificial Intelligence (AI).
- Adi Vaani serves as the foundation for a future large language model dedicated to tribal languages, combining AI with community-driven approaches.
- India has 461 tribal languages spoken by Scheduled Tribes and 71 distinct mother tongues; among them, 81 are vulnerable and 42 critically endangered (Census 2011).
- The project is developed by a national consortium led by IIT Delhi, with BITS Pilani, IIIT Hyderabad, IIIT Nava Raipur, and Tribal Research Institutes (TRIs) in Jharkhand, Odisha, Madhya Pradesh, Chhattisgarh, and Meghalaya.
- Core objectives include real-time translation (text and speech) between Hindi/English and tribal languages, interactive language learning, digital preservation of folklore, healthcare communication, digital literacy, and spreading awareness on government schemes.
- The Beta version supports Santali (Odisha), Bhili (Madhya Pradesh), Mundari (Jharkhand), and Gondi (Chhattisgarh); Kui and Garo will be added in the next phase.
- The system uses refined AI models like No Language Left Behind (NLLB) and IndicTrans2 for low-resource tribal languages.
- Features include Text-to-Text, Text-to-Speech, Speech-to-Text, Speech-to-Speech translations, Optical Character Recognition (OCR), bilingual dictionaries, and curated repositories.
- It aligns with missions like Digital India, Ek Bharat Shreshtha Bharat, Adi Karmayogi Abhiyan, Dharti Aaba Janjatiya Gram Utkarsh Abhiyan, and PM JANMAN.
Government Revises Wheat Stock Limits to Ensure Food Security
- The Government of India imposed stock limits on wheat for Traders/Wholesalers, Retailers, Big Chain Retailers, and Processors across all States and Union Territories.
- The order was issued under the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025 on 27 May 2025, applicable until 31 March 2026.
Key Highlights
- Revised Wheat Stock Limits:
- Traders/Wholesalers – reduced from 3000 MT to 2000 MT.
- Retailers – reduced from 10 MT to 8 MT per retail outlet.
- Big Chain Retailers – reduced from 10 MT to 8 MT per outlet, subject to maximum stock (8 × total outlets).
- Processors – reduced from 70% to 60% of Monthly Installed Capacity (MIC) × remaining months of FY 2025-26.
- Entities must declare/update wheat stock every Friday on the portal https://foodstock.dfpd.gov.in.
- Violations will attract punitive action under Section 6 & 7 of the Essential Commodities Act, 1955.
- Entities holding wheat beyond revised limits must reduce stock within 15 days of notification.
- Production & Procurement:
- Total wheat production in 2024-25 stood at 1175.07 LMT.
- The Central Government procured 300.35 LMT in RMS 2025-26 through FCI and State agencies.
- The government assured that there is ample wheat availability to meet PDS, OWS, and market interventions, and monitoring will prevent artificial scarcity before the festive season.
CURRENT AFFAIRS : INTERNATIONAL NEWS
India’s Assistant High Commission and University of Peradeniya Organize First-Ever International Pali Conference in Kandy
- The Assistant High Commission of India, Kandy, in collaboration with the University of Peradeniya, organized the first-ever international conference on the Future of Pali Studies in Kandy.
- Scholars from Sri Lanka, India, and other countries participated to discuss the legacy and contemporary significance of Pali.
- This event was a milestone for the University of Peradeniya, as it hosted an international Pali conference for the first time.
- The conference highlighted the close cultural ties between India and Sri Lanka.
- Pali has been granted the status of a classical language in India by the Government of India, showcasing its enduring importance.
Indian Prime Minister Narendra Modi Presents Moonstone Bowls to Japan’s Prime Minister Shigeru Ishiba, Pashmina Shawl to His Spouse
- Indian Prime Minister (PM) Narendra Modi visited Japan for the 15th India-Japan Annual Summit, aimed at strengthening bilateral ties.
- Modi gifted Japanese PM Shigeru Ishiba a set of vintage moonstone ramen bowls with silver chopsticks, inspired by Japan’s donburi and soba rituals.
- The moonstone was sourced from Andhra Pradesh, and the main bowl base was made of Makrana marble with Rajasthan’s parchin kari inlay work, symbolizing Indian craftsmanship.
- For the Japanese PM’s spouse, Modi presented a handwoven Kashmiri Pashmina shawl in an intricately hand-painted papier-mache box, showcasing Kashmiri artistry.
- During the visit, Modi toured Sendai’s semiconductor plant and bullet train coach factory, highlighting industrial collaboration.
- India and Japan adopted the “India-Japan Joint Vision for the Next Decade: Eight Directions”, including security cooperation and a Chandrayaan-5 lunar mission arrangement.
- After Japan, PM Modi departed for China to meet President Xi Jinping on the sidelines of the SCO summit in Tianjin, focusing on bilateral ties amid global trade tensions.
CURRENT AFFAIRS: AWARDS AND HONOURS
Educate Girls Becomes First Indian Organisation to Win Ramon Magsaysay Award
- Educate Girls (Foundation to Educate Girls Globally) became the first Indian organisation to win the Ramon Magsaysay Award, one of Asia’s most prestigious honours.
- The award recognises the NGO’s efforts in transforming education for out-of-school girls in India’s remotest regions.
Key Highlights
- Other 2025 awardees: Shaahina Ali (Maldives) for environmental conservation and Flaviano Antonio L Villanueva (Philippines) for supporting marginalised communities.
- Founded in 2007 by Safeena Husain, a London School of Economics graduate, who left her corporate career in San Francisco to work for girls’ education in India.
- Started in Rajasthan villages resistant to girls’ education, the NGO has ensured:
- Enrolment and retention of over 2 million girls
- Expansion to 30,000+ villages across India
- School retention rate above 90%
- Innovation in education financing: In 2015, Educate Girls launched the world’s first Development Impact Bond (DIB) in education, linking investor funds to measurable outcomes.
- Pragati programme (for 15–29-year-old learners) helps adolescent girls and young women re-enter education. It grew from 300 participants to over 31,500 learners.
- Reason for Award: Recognised for addressing cultural stereotyping, liberating girls from illiteracy, and empowering them with skills, courage, and agency.
- Ramon Magsaysay Award details:
- Established in 1957 by Rockefeller Brothers Fund and the Philippine government.
- Known as the “Asian Nobel Prize”.
- More than 300 individuals/organisations honoured across Asia.
- Past Indian awardees include Arvind Kejriwal (2006), Bezwada Wilson (2016), Ravish Kumar (2019), and Sonam Wangchuk (2018).
- Award ceremony held annually on November 7 at the Metropolitan Theatre, Manila, Philippines, commemorating the birth anniversary of Ramon Magsaysay (1907–1957).
- Ramon Magsaysay, former Philippine President, was known for anti-corruption reforms, people-centric governance, and trust in citizens’ dignity.
- His sudden death in a 1957 plane crash led to the institution of the award, celebrating “greatness of spirit” in public service.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
T.C.A. Kalyani Takes Over as Controller General of Accounts
- T.C.A. Kalyani, a 1991-batch ICAS officer, has taken charge as the 29th Controller General of Accounts (CGA) in the Department of Expenditure, Ministry of Finance.
- She has over 34 years of service with expertise in public financial management, accounting, governance, and administration.
- She has served in multiple ministries, including Defence, Telecom, Fertilizers, Finance, Social Justice & Empowerment, Information & Broadcasting, and Home.
- She played a key role in the Direct Benefit Transfer (DBT) scheme for farmers for fertilizer subsidy.
- At MTNL, she led digital transformation through online bill payments and payment kiosks.
- She contributed to the revival of Fertilizer Corporation of India Limited (FCIL).
- Before her appointment as CGA, she served as the Principal Chief Controller of Accounts (Pr. CCA), Ministry of Home Affairs, where she handled the budgeting and accounting for one of the largest ministries of the Government of India.
About Ministry of Finance :
- Cabinet Minister : Nirmala Sitharaman
- Minister of State : Pankaj Choudhary
- Finance Secretary : Ajay Seth
Centre names ex-RBI Governor Urjit Patel as Executive Director at International Monetary Fund
- The Appointments Committee of Cabinet has appointed former Reserve Bank of India (RBI) Governor Urjit Patel as Executive Director (ED) of the International Monetary Fund (IMF) for a period of three years or until further orders.
- Urjit Patel will replace K V Subramanian, whose tenure was cut short by the government due to alleged impropriety over book promotion.
- The IMF Executive Board has 25 directors, and India is part of a four-country constituency along with Bangladesh, Sri Lanka, and Bhutan.
- Urjit Patel had earlier served as the 24th RBI Governor (2016–2018), succeeding Raghuram Rajan, but resigned citing personal reasons.
- During his RBI tenure, Patel often clashed with the Government of India over high interest rates despite falling inflation (below 1.5%).
- Patel holds a PhD in Economics from Yale University and has served in roles such as Deputy Governor of RBI, Chairman of NIPFP (2020), and Vice President (Investment Operations) at AIIB.
- He has also worked with the Ministry of Finance (1998–2001) and in the private sector, including Reliance Industries, IDFC Ltd, MCX Ltd, and Gujarat State Petroleum Corporation.
CURRENT AFFAIRS : DEFENCE NEWS
Indian Navy’s INS Kadmatt arrives in port moresby for papua new guinea’s 50th independence day celebrations
- INS Kadmatt (ASW Corvette) of the Indian Navy has arrived at Port Moresby, the capital of Papua New Guinea (PNG), to participate in the country’s 50th Independence Day celebrations.
- The visit includes participation in the Independence Day Parade and cultural events, highlighting the shared democratic values and heritage of both nations.
- The PNG Chief of Defence Forces will be hosted aboard INS Kadmatt to showcase the Indian Navy’s ‘Aatma Nirbharta’ (self-reliance) in defence.
- This visit reinforces the India–Papua New Guinea maritime partnership and promotes ‘Bridges of Friendship’ through naval diplomacy.
About Papua New Guinea :
- Capital : Port Moresby
- Currency : Kina
- Prime Minister : James Marape
Army Hospital R&R Conducts First-Ever Robotic Laser Cataract Surgery Using ALLY System
- Army Hospital Research and Referral (AHRR), on August 28, 2025, became the first government institute in India and the second in South Asia to perform Robotic Custom Laser Cataract Surgery.
- The surgery was performed using the ALLY Adaptive Cataract Treatment System and marked AHRR’s first-ever Femto-second Laser Assisted Cataract Surgery (FLACS), which is a robotic, bladeless, and computer-guided eye surgery.
- The procedure was conducted by Brigadier SK Mishra on a 61-year-old patient.
- FLACS automates key steps like corneal incisions, capsulotomy, and cataract fragmentation with micron-level precision, which ensures greater safety and accuracy.
- This achievement demonstrates the Armed Forces’ commitment to providing advanced healthcare for its personnel and their families.
- The achievement was guided by Raksha Mantri Rajnath Singh, Chief of Army Staff General Upendra Dwivedi, and DGAFMS Surgeon Vice Admiral Arti Sarin.
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
Dr. Mansukh Mandaviya Advocates ‘Garv Se Swadeshi’ at Inaugural Sports Goods Manufacturing Conclave
- Union Minister Dr. Mansukh Mandaviya chaired the first-ever Sports Goods Manufacturing Conclave in New Delhi, organized by the Ministry of Youth Affairs & Sports with NITI Aayog
- For the first time, Sports Goods Manufacturing has been formally added to the Allocation of Business Rules, 1961 under the Ministry of Youth Affairs & Sports.
- The Indian sports goods sector is valued at USD 4.88 billion (₹42,877 crore) in 2024, with projections to grow to USD 6.6 billion (₹57,800 crore) by 2027 and ₹87,300 crore by 2034.
- The sector provides employment to over 5 lakh people, primarily in MSME clusters located in Meerut, Jalandhar, Ludhiana, and Delhi-NCR.
- India is the 3rd largest sports goods manufacturer in Asia and the 21st largest exporter globally, with exports worth USD 523 million in 2023–24 to over 90 countries.
- Major export destinations include the USA, UK, Australia, Germany, and France, with emerging opportunities in South Africa, UAE, Canada, and Sweden.
About Ministry of Youth Affairs and Sports :
- Minister of State : Raksha Khadse
CURRENT AFFAIRS : ENVIRONMENT
Rare dragonfly species Crocothemis erythraea rediscovered in Southern Western Ghats
- Crocothemis erythraea, a rare dragonfly species, has been reconfirmed in the Southern Western Ghats, highlighting its ecological importance.
- The species was previously misidentified with the more common Crocothemis servilia due to close resemblance.
- This dragonfly is typically found in Europe, Central Asia, and the Himalayas, but has now been confirmed in the high-altitude Sholas and grasslands of Kerala and Tamil Nadu (above 550 metres).
- Experts believe it migrated during the Ice Age and survived in montane ecosystems as a relict species.
- The rediscovery provides insight into how ancient climate shifts influenced current biodiversity patterns.
- The Western Ghats, a UNESCO World Heritage Site and one of the world’s eight biodiversity hotspots, are reaffirmed as globally significant for ecological conservation.
- The rediscovery highlights the vulnerability of Shola forests and grasslands, which are threatened by tourism, plantation expansion, and climate change.
- Protecting these high-altitude ecosystems is vital for safeguarding rare and endemic species beyond dragonflies.
CURRENT AFFAIRS: RANKING AND INDEX
Global Peace Index (GPI) 2025 Released
- Singapore ranked 6th globally and retained its position as Asia’s safest country with a score of 1.357.
- Singapore slipped one spot from 2024 (5th to 6th), but its overall peace score improved (from 1.339 to 1.357).
- India ranked 115th (score 2.229) out of 163 countries, with no change from 2024.
Key Highlights
- Iceland topped the global list with a score of 1.095, followed by Ireland (2nd) and New Zealand (3rd).
- Japan (1.440) and Malaysia (1.469) ranked 2nd and 3rd in Asia after Singapore.
- Asia’s Top 10 Peaceful Countries (2025):
- Singapore – 1.357
- Japan – 1.440
- Malaysia – 1.469
- Bhutan – 1.536
- Mongolia – 1.719
- Vietnam – 1.721
- Taiwan – 1.730
- South Korea – 1.736
- Timor-Leste – 1.758
- Laos – 1.783
- Global Top 10 (2025):
- Iceland – 1.095
- Ireland – 1.260
- New Zealand – 1.282
- Austria – 1.294
- Switzerland – 1.294
- Singapore – 1.357
- Portugal – 1.371
- Denmark – 1.393
- Slovenia – 1.409
- Finland – 1.420
- The Global Peace Index (GPI) is released annually by the Institute for Economics and Peace (IEP).
- It evaluates 163 countries based on 23 indicators across three categories:
-
- Societal safety and security
- Ongoing domestic and international conflict
- Degree of militarisation
- Lower GPI scores indicate higher peace levels.
CURRENT AFFAIRS: SPORTS NEWS
International Cricket Council (ICC) Partners with Google as Second Global Women’s-Only Partner
- International Cricket Council (ICC) announced a landmark partnership with Google as its second major women’s-only global partner, after Unilever earlier 2025.
- The collaboration aims to leverage Google’s advanced technology and commitment to women’s sports to enhance fan engagement and accessibility.
Key Highlights
- The partnership comes at a crucial time with two major upcoming events:
- ICC Women’s Cricket World Cup 2025 in India and Sri Lanka.
- ICC Women’s T20 World Cup 2026 in England.
- The partnership will span multiple Google products including:
- Android
- Google Gemini
- Google Pay
- Google Pixel
- This ecosystem will help fans discover match highlights, engage with players, celebrate wins, and enjoy a more dynamic fan journey.
About ICC
- Headquarters: Dubai, United Arab Emirates
- Founded: 15 June 1909
Satwiksairaj Rankireddy and Chirag Shetty Win Bronze at BWF World Championships 2025
- India’s Satwiksairaj Rankireddy and Chirag Shetty won the bronze medal at the 2025 BWF Badminton World Championships after losing in the men’s doubles semifinal to China’s Chen Bo Yang a nd Liu Yi in Paris.
Key Highlights
- The Indian pair lost the semifinal 19-21, 21-18, 12-21 in a match that lasted 1 hour and 7 minutes at the Adidas Arena.
- This was the duo’s second World Championships medal, after winning their first bronze in 2022 (Japan).
- This was the second meeting between the pairs; earlier, Satwik-Chirag had defeated the Chinese duo in the 2024 Thailand Open final in straight games.
- In the semifinal, the Indians led 11-5 in the first game but the Chinese recovered to win 21-19.
- The Indians bounced back to win the second game 21-18, pushing the match into a decider.
- In the third game, Satwik-Chirag trailed early, losing 9 consecutive points and went down 12-21.
- With this win, the Chinese pair advanced to the final to face South Korea’s Kim Won-ho and Seo Seung-jae.
CURRENT AFFAIRS: IMPORTANT DAYS
World Coconut Day: September 2
- World Coconut Day is celebrated on September 2 every year.
- World Coconut Day 2025 is celebrated to highlight and raise awareness about the importance and benefits of coconut.
- The theme for World Coconut Day 2025 is “Uncovering Coconut’s Power, Inspiring Global Action.”
History
- Coconuts are food that humans have found sustenance in for at least 2,000 years. Probably native to Indonesia, the name coconut translates to walnut from India”.
- In 1998, the Asian and Pacific Coconut Community declared World Coconut Day to bring awareness to the powerful nutrients and versatility of this superfood.
- It is likely that coconuts were introduced to Europeans through the Maritime Silk Road, which connected the East with the West. Marco Polo may have been one of the many travelers and explorers who would have brought coconuts back with them.
- World Coconut Day is observed around the World to understand the benefits of the fruit and to raise awareness about how it can be grown and preserved.
Daily CA One- Liner: September 2
- Odisha is emerging as a green mobility leader, ranking 5th in India in terms of electric bus adoption
- Prime Minister Narendra Modi participated in the 25th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO), held in Tianjin, China, from 31 August to 1 September 2025
- The National e-Governance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY) achieved a milestone by enabling Pan-India integration of e-Government services on DigiLocker and e-District platforms
- The Ministry of Tribal Affairs launched the Beta Version of “Adi Vaani”, India’s first AI-powered translator for tribal languages, developed under Janjatiya Gaurav Varsh
- The Government of India imposed stock limits on wheat for Traders/Wholesalers, Retailers, Big Chain Retailers, and Processors across all States and Union Territories
- Educate Girls (Foundation to Educate Girls Globally) became the first Indian organisation to win the Ramon Magsaysay Award, one of Asia’s most prestigious honours
- Singapore ranked 6th globally and retained its position as Asia’s safest country with a score of 1.357
- International Cricket Council (ICC) announced a landmark partnership with Google as its second major women’s-only global partner, after Unilever earlier 2025
- India’s Satwiksairaj Rankireddy and Chirag Shetty won the bronze medal at the 2025 BWF Badminton World Championships after losing in the men’s doubles semifinal to China’s Chen Bo Yang a nd Liu Yi in Paris.
- Private sector capital investment is projected to rise by 21.5% to ₹2.67 lakh crore in 2025–26, up from ₹2.20 lakh crore in 2024–25 (RBI bulletin).
- The Ministry of Finance has issued a notification under the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, which allows for 100% Foreign Direct Investment (FDI) in the insurance sector, replacing the previous 74% cap.
- Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that India is on track to become the world’s third-largest economy, citing strong economic momentum.
- The Assistant High Commission of India, Kandy, in collaboration with the University of Peradeniya, organized the first-ever international conference on the Future of Pali Studies in Kandy.
- Indian Prime Minister (PM) Narendra Modi visited Japan for the 15th India-Japan Annual Summit, aimed at strengthening bilateral ties.
- Ms.T.C.A. Kalyani, a 1991-batch ICAS officer, has taken charge as the 29th Controller General of Accounts (CGA) in the Department of Expenditure, Ministry of Finance.
- The Appointments Committee of Cabinet has appointed former Reserve Bank of India (RBI) Governor Urjit Patel as Executive Director (ED) of the International Monetary Fund (IMF) for a period of three years or until further orders.
- INS Kadmatt (ASW Corvette) of the Indian Navy has arrived at Port Moresby, the capital of Papua New Guinea (PNG), to participate in the country’s 50th Independence Day celebrations.
- Army Hospital Research and Referral (AHRR), on August 28, 2025, became the first government institute in India and the second in South Asia to perform Robotic Custom Laser Cataract Surgery.
- Union Minister Dr. Mansukh Mandaviya chaired the first-ever Sports Goods Manufacturing Conclave in New Delhi, organized by the Ministry of Youth Affairs & Sports with NITI Aayog
- Crocothemis erythraea, a rare dragonfly species, has been reconfirmed in the Southern Western Ghats, highlighting its ecological importance.
- World Coconut Day is celebrated on September 2 every year
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