Daily Current Affairs 05th Sep 2025 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Bank of Baroda Unveils bob Digi Udyam, a Collateral-Free Digital Lending Platform for Micro and Small Enterprises

• Bank of Baroda (BoB) has launched bob Digi Udyam, a digital, collateral-free lending platform for Micro and Small Enterprises (MSEs).
• The platform provides working capital loans ranging from ₹10 lakh to ₹50 lakh.
• This initiative is aligned with the Union Budget 2024–25 announcement for in-house MSME credit assessment by public sector banks.
• It uses the digital footprint of MSEs for a faster credit assessment.
• The platform offers Cash Credit and Overdraft facilities with a 12-month tenure.
• No collateral is required for these loans, as they are covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

About Bank of Baroda (BoB):

• Founded: 1908
• Headquarters: Vadodara, Gujarat, India
• Managing Director & CEO: Debadatta Chand
• Tagline: “India’s International Bank”

Karnataka Grameena Bank Adopts Common Logo for 11 Amalgamated Regional Rural Banks

• Karnataka Grameena Bank (KGB), headquartered in Ballari, has adopted a common logo designed for all 11 amalgamated Regional Rural Banks (RRBs) in India.
• The new logo was unveiled by KGB Chairman Shreekant M. Bhandiwad in Ballari.
• Under the ‘One State, One RRB’ concept, two RRBs in Karnataka were amalgamated to form KGB, effective May 1, 2025.
• KGB operates 1,750 branches and manages business worth ₹1,03,451 crore.
• The logo symbolizes progress, growth, nurturing, and care.
• Dark blue in the logo represents finance and trust, while dark green represents life and growth.

NSE and BSE Penalise Mahanagar Telephone Nigam Limited for Non-Compliance with Securities and Exchange Board of India Board Composition Norms

• Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom firm, was penalised by NSE and BSE for non-compliance with Securities and Exchange Board of India (Sebi) board composition norms.
• Both exchanges imposed a fine of ₹6.73 lakh each on the company.
• The non-compliance included the improper constitution of the Nomination & Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee.

About MTNL :

• MTNL is a wholly owned subsidiary of Bharat Sanchar Nigam Limited (BSNL), headquartered in New Delhi.

Bank of India Labels Reliance Communications Loan as Fraudulent Over 2016 Fund Diversion

• Bank of India has classified the loan account of Reliance Communications (RCom) as fraudulent, citing alleged fund diversion in 2016.
• The bank’s action also named former director Anil Ambani.
• The bank had sanctioned a ₹700 crore loan in August 2016 for capital expenditure, operations, and liability repayment.
• State Bank of India (SBI) had made a similar classification in June 2025, alleging misappropriation of bank funds.
• RCom was declared a Non-Performing Asset (NPA) on June 30, 2017, with an outstanding of ₹724.78 crore owed to Bank of India.
• As of March 2025, RCom’s total debt stood at ₹40,400 crore.

BharatPe, in collaboration with Unity Small Finance Bank, launches Unity Bank BharatPe Credit Card

• BharatPe has launched the Unity Bank BharatPe Credit Card in partnership with Unity Small Finance Bank (Unity Bank).
• The credit card provides flexible EMI options of up to 12 months for managing big-ticket purchases.
• Offered on the NPCI RuPay network, the card can be linked to UPI for secure and convenient merchant payments.

About Unity Small Finance Bank :

• Unity Small Finance Bank (SFB) began its operations on November 1, 2021, after receiving its RBI license in October 2021.
• Unity Bank is the 12th Small Finance Bank in India.

About BharatPe :

• Founded : 2018
• Headquarters : New Delhi, India

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Maharashtra Cabinet Approves Amendments to Labour Laws

• The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, approved amendments to labour laws to increase daily working hours for private sector employees.
• The decision aligns Maharashtra with Karnataka, Tamil Nadu, Telangana, Uttar Pradesh, and Tripura, which have already implemented similar reforms.

Key Highlights

• Under the Factories Act, 1948, daily work hours increased from 9 to 12 hours, rest breaks allowed after 6 hours (earlier 5), overtime cap raised from 115 to 144 hours per quarter with mandatory written consent, and weekly work hours extended from 10.5 to 12 hours.
• Under the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017, daily work hours increased from 9 to 10 hours, overtime limit raised from 125 to 144 hours per quarter, emergency duty hours extended up to 12 hours, applicable to establishments with 20 or more workers, while small establishments with less than 20 workers only need to notify authorities instead of registration.
• Workers’ rights are safeguarded as overtime wages will be paid at double rates and written consent is mandatory for extended hours.
• The move is expected to attract investment, generate employment, improve ease of doing business, and create a more inclusive work environment, particularly for women workers.

About Maharashtra:

• Chief Minister: Devendra Fadnavis
• Governor: C. P. Radhakrishnan
• Capital: Mumbai
• National Parks: Tadoba National Park, Sanjay Gandhi National Park, Chandoli National Park, Gugamal National Park, Navegaon National Park
• Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Koyna Wildlife Sanctuary, Karnala Bird Sanctuary, Melghat Wildlife Sanctuary, Radhanagari Wildlife Sanctuary

Chhattisgarh Achieves 30,000 Megawatt Power Capacity

• Chhattisgarh, formed in 2000, has grown from 1,400 Megawatts (MW) to 30,000 MW of electricity in 2025, making it one of India’s leading power hubs.
• Upcoming investment commitments worth ₹3 lakh crore are expected to add another 30,000 MW, taking the capacity to 60,000 MW.

Key Highlights

• The state has become a key electricity supplier to neighbouring states, ensuring steady revenue and strengthening India’s energy security.
• A 1,320 MW power plant was inaugurated by Prime Minister Narendra Modi to boost power infrastructure.
• A joint headquarters for state-run power companies is being constructed in Nava Raipur Atal Nagar to improve efficiency.
• Chief Minister Vishnu Deo Sai visited Japan and South Korea to attract global investment and adopt best practices.
• Under the new industrial policy, MoUs worth ₹3 lakh crore have been signed for renewable and thermal projects, creating jobs and industrial growth.
• The Pradhan Mantri Surya Ghar Muft Bijli Yojana is expanding solar power access in rural and remote regions.

About Chhatisgarh

• Chief Minister – Vishnu Deo Sai
• Governor – Ramen Deka
• Capital – Raipur.

Meghalaya Unveils Autumn Calendar 2025

• The State of Meghalaya unveiled its Autumn Calendar 2025, an initiative by the Department of Tourism to highlight cultural vibrancy and boost local livelihoods.
• The calendar aims to position Meghalaya as a premier destination for tourism, culture, and entertainment with global artists, international sporting events, and daily music performances.

Key Highlights

• Major attractions include the Chief Minister’s Meghalaya Grassroots Music Project (daily showcase of local talent), Cherry Blossom Festival (featuring global headliners), International Kayaking Events, Motorsport Competitions, and Literary Dialogues with Sustainable Tourism Showcases.
• The calendar will provide a boost to the local economy through tourism, handicrafts, and hospitality services.
• Grassroots music initiatives will promote local talent, giving young artists a platform to perform alongside global names.
• Participation of international artists and athletes will provide global exposure, strengthening Meghalaya’s image as a global cultural hub.
• The calendar supports the state’s vision to attract domestic and international tourists, showcase natural beauty, music, and traditions, and create a sustainable tourism model benefiting local communities while preserving the environment.

About Meghalaya:

• Governor: Chandrashekhar H. Vijayashankar
• Chief Minister: Conrad Sangma
• Capital: Shillong
• State Boundary: Assam
• International Boundary: Bangladesh

Union Cabinet Approves ₹1,500 Crore Incentive Scheme for Critical Mineral Recycling

• The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved an Incentive Scheme worth ₹1,500 crore to develop recycling capacity for separation and production of critical minerals from secondary sources.
• The scheme is part of the National Critical Mineral Mission (NCMM), which aims to build domestic capacity and supply chain resilience in critical minerals. Since the critical mineral value chain (exploration, auction, mine operationalization, and acquisition of foreign assets) has a long gestation period, the immediate way to ensure sustainability is recycling secondary sources.

Key Highlights

• The scheme will have a tenure of six years from Financial Year 2025-26 to Financial Year 2030-31.
• Eligible feedstock under the scheme includes e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste and LIB scrap such as catalytic converters in end-of-life vehicles.
• Beneficiaries will include both large, established recyclers and small, new recyclers including start-ups, with one-third of the outlay earmarked for small and new recyclers.
• The scheme is applicable to investments in new units, expansion of capacity, modernization, and diversification of existing units. It will provide incentives for the recycling value chain involved in the actual extraction of critical minerals, not for those involved only in black mass production.
• Incentives under the scheme:
  • Capital Expenditure (Capex) subsidy of 20% on plant, machinery, equipment, and associated utilities for production within a specified timeframe (reduced subsidy beyond deadline).
  • Operational Expenditure (Opex) subsidy on incremental sales over the base year (Financial Year 2025-26), comprising 40% subsidy in the 2nd year and 60% subsidy in the 5th year from Financial Year 2026-27 to Financial Year 2030-31, subject to achieving specified incremental sales thresholds.
  • Ceiling limits: Maximum total incentive (Capex + Opex) of ₹50 crore for large entities and ₹25 crore for small entities, with Opex subsidy capped at ₹10 crore and ₹5 crore respectively.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Union Minister Piyush Goyal Meets United Arab Emirates Minister Dr. Thani bin Ahmed Al Zeyoudi in New Delhi to Boost India–UAE Comprehensive Economic Partnership Agreement

• Union Minister Piyush Goyal met with United Arab Emirates (UAE) Minister Dr. Thani bin Ahmed Al Zeyoudi in New Delhi on August 29, 2025, to strengthen the India–UAE CEPA (Comprehensive Economic Partnership Agreement).
• Both ministers reviewed CEPA progress and reaffirmed the trade target of USD 100 billion (non-oil, non-precious metals) by 2030.
• The meeting included the launch of the BHARATI (Bharat’s Hub for Agritech, Resilience, Advancement and Incubation) initiative by the Agricultural and Processed Food Products Export Development Authority (APEDA).
• BHARATI is a key part of APEDA’s vision to achieve USD 50 billion in agri-food exports by 2030.
• Both sides emphasized the need for timely trade data sharing and agreed that the Sub-Committee on Services will convene within two months.
• Piyush Goyal highlighted India’s 7.8% economic growth this quarter.
• The ministers reiterated India’s goals of becoming a USD 5 trillion economy by 2027 and a USD 32–35 trillion economy by 2047.

India, Japan Sign Pact to Jointly Explore Moon’s South Pole Under Chandrayaan-5 Mission

• India and Japan have signed an implementing arrangement to jointly explore the Moon’s south pole as part of the Chandrayaan-5 mission.
• The agreement was signed between the space agencies of both nations, ISRO and JAXA, during Prime Minister Narendra Modi’s official visit to Japan.
• The mission, also referred to as the Lunar Polar Exploration (LUPEX) Mission, aims to study volatile materials, including water, on the lunar surface.
• The launch will be carried out using JAXA’s H3-24L rocket, which will carry an Indian-built lander and a Japan-made rover.
• PM Modi emphasized the importance of G2G (Government-to-Government) collaboration, which fosters cooperation between industries and start-ups in the space sector.
• Chandrayaan-5/LUPEX is a part of India’s long-term lunar roadmap, which has a target of landing Indian astronauts on the Moon by 2040.

CURRENT AFFAIRS : DEFENCE NEWS

INS Trikand Docks at Alexandria, Egypt

• INS Trikand, an Indian Naval stealth frigate, called at Alexandria, Egypt on September 1, 2025, during its deployment to the Mediterranean Sea.
• The ship will participate in Exercise Bright Star 2025, which is being hosted by Egypt from September 1 to 10, 2025.
• Bright Star 2025 is a multilateral exercise conducted under the US Central Command, covering air, land, and sea domains to strengthen regional security and cooperation.
• Indian Army and Indian Air Force contingents will also participate in the exercise, making it a tri-service event for India.
• Apart from India, USA, and Egypt, other participating countries include Saudi Arabia, Qatar, Greece, Cyprus, and Italy.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Competition Commission of India Clears Sumitomo Mitsui’s 24.99% Stake Acquisition in YES Bank

• The Competition Commission of India (CCI) has approved the acquisition of a 24.99% stake and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation (SMBC).
• The Reserve Bank of India (RBI) had previously granted its approval to SMBC to acquire up to a 24.99% stake in YES Bank.
• The acquisition specifically involves the transfer of share capital and voting rights of YES Bank to SMBC.
• SMBC is a Japan-based commercial bank, and a wholly-owned subsidiary and a core operating entity of the Sumitomo Mitsui Financial Group.
• SMBC operates in India through its branches located in New Delhi, Mumbai, Chennai, and an offshore branch in GIFT City, Gandhinagar.
• YES Bank is a publicly listed private sector bank that offers a wide range of banking and financial services.

Rakesh Gangwal and Family Trust Divest 3.1% Stake in IndiGo Worth ₹7,027 Crore, Shares Drop 4%

• Rakesh Gangwal, a promoter of InterGlobe Aviation (IndiGo), and his family trust have divested a 3.1% stake in IndiGo through block deals valued at ₹7,027.7 crore.
• As a result of this sale, their total holding in IndiGo fell to 4.71% from 7.81% as of June 2025.
• Gangwal, a co-founder of IndiGo, has been steadily exiting the airline following a previous fallout with co-founder Rahul Bhatia.
• This divestment is a continuation of his phased exit plan from the company.

CURRENT AFFAIRS : APPS & PORTALS

Textiles Minister Giriraj Singh Unveils Cotton Corporation of India’s Kapas Kisan App to Simplify Cotton Procurement Under Minimum Support Price

• Union Minister of Textiles – Giriraj Singh launched the Kapas Kisan App, which was developed by the Cotton Corporation of India (CCI) under the Ministry of Textiles.
• The app is designed to facilitate the seamless procurement of cotton from farmers under the Minimum Support Price (MSP) scheme.
• The Kapas Kisan App empowers farmers with self-registration, slot booking, and payment tracking
• Key features include:
  • Allowing farmers to securely register themselves for selling cotton under MSP.
  • Providing digital scheduling at designated procurement centers, which helps to reduce waiting time and crowding.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Union Public Service Commission to Set Up Centre of Excellence as Best Practices Repository; Centenary Year Celebrations Kick Off in October 2025

• The Union Public Service Commission (UPSC) will establish a Centre of Excellence (CoE) as a repository of best practices of UPSC and State Public Service Commissions (PSCs) during its Centenary Year Celebrations (October 1, 2025–October 1, 2026).
• The announcement was made by UPSC Chairman Dr. Ajay Kumar.
• The CoE will function as a knowledge hub for Standard Operating Procedures (SOPs), innovations, and key takeaways from both UPSC and State PSCs.
• UPSC was established on October 1, 1926; the Centenary Year provides an opportunity to reflect on the past, celebrate the present, and plan the future of public service recruitment.
• Prime Minister Narendra Modi in the 125th episode of Mann Ki Baat announced the launch of a digital platform, ‘Pratibha Setu,’ to support UPSC aspirants who narrowly missed the final merit list.
• Pratibha Setu will store the data of candidates who cleared all stages of the UPSC exams but did not make it to the final merit list.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Department for Promotion of Industry and Internal Trade (DPIIT) and ICICI Bank Sign Memorandum of Understanding (MoU) to Support Startups in India

• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with Industrial Credit and Investment Corporation of India (ICICI) Bank Limited to support startups and innovators across the country.
• Under the MoU, Industrial Credit and Investment Corporation of India (ICICI) Bank will design and roll out a Startup Engagement Programme, which will be hosted on the Startup India portal.
• The programme will be integrated with Startup India’s outreach and visibility initiatives to ensure maximum adoption and awareness.
• Startup India will support Industrial Credit and Investment Corporation of India (ICICI) Bank in:
  • Amplifying communication
  • Managing programme visibility
  • Enabling connections with Department for Promotion of Industry and Internal Trade (DPIIT)-recognised startups across India
• Selected startups will gain access to Industrial Credit and Investment Corporation of India (ICICI) Bank’s Mumbai-based accelerator facility, including dedicated workspace.
• Benefits for startups under the programme include:
  • A structured curriculum
  • Mentorship by industry leaders
  • Opportunities to run pilot programmes with Industrial Credit and Investment Corporation of India (ICICI) Bank business units to validate product-market fit
  • Networking opportunities with venture capital firms, investors, and potential clients
  • Participation in industry-specific workshops and innovation showcases
• The collaboration aims to foster product-based startups by offering access to accelerator programmes, mentorship, and ecosystem engagement.
• The partnership, hosted under the Startup India initiative, will guide early-stage and growth-stage startups through a tailored engagement roadmap that supports business development, product refinement, and operational scale-up.
• Industrial Credit and Investment Corporation of India (ICICI) Bank Limited, one of India’s leading private sector banks, reported total assets of ₹21,23,839 crore as on June 30, 2025.

Department for Promotion of Industry and Internal Trade and Pfizer Limited Sign MoU to Boost Healthcare Innovation in India

• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with Pfizer Limited to strengthen India’s healthcare innovation ecosystem.
• The collaboration aims to accelerate the lab-to-market journey of innovative healthcare products by providing financial and non-financial support to startups.
• Under the partnership, the Pfizer INDovation Program will provide DPIIT-recognized startups with:
  • Grants of up to ₹60 lakhs each
  • A tailored 18-month incubation program delivered by Social Alpha
  • Dedicated acceleration tracks covering clinical validation, regulatory approvals, and go-to-market strategies
  • Access to expert mentorship, infrastructure, and global networks
  • Exposure at Pfizer’s Research and Development facilities in Chennai for advanced industry insights
• The initiative will support 14 MedTech startups innovating in:
  • Screening and diagnostics
  • Health monitoring
  • Treatment enablers
  • Non-communicable diseases
  • Oncology
  • Brain health
  • Maternal and child health
  • Immunisation
• Shri Sanjiv, Joint Secretary, DPIIT highlighted that India must move towards novel drug discovery, with startups playing a key role in this transition.
• Shri Sharad Goswami, Senior Director – Global Policy and Public Affairs, Pfizer India, reaffirmed Pfizer’s commitment to helping Indian startups develop patient-centric, impactful healthcare solutions tailored to India’s needs.
• The MoU underscores DPIIT’s focus on impactful public–private partnerships, driving inclusive growth and reinforcing India’s position as a global hub for healthcare innovation.

CURRENT AFFAIRS: RANKING AND INDEX

National Institutional Ranking Framework (NIRF) 2025 Released

• The 10th edition of NIRF Rankings 2025 was released by the Ministry of Education in New Delhi.
• Indian Institute of Technology-Madras (IIT-Madras) secured 1st position in the Overall category for the 7th consecutive year, followed by Indian Institute of Science (IISc) Bengaluru (2nd) and IIT-Mumbai (3rd).
• IIT-Madras also ranked 1st in Innovation and 1st in Engineering, with IIT-Delhi placed second.

Key Highlights

• IISc Bengaluru was adjudged the Best University and the Best Research Institution, followed by Jawaharlal Nehru University (JNU), New Delhi (2nd) and Manipal Academy of Higher Education (3rd).
• National Law School of India, Bengaluru emerged as the Best Law College.
• AIIMS, Delhi ranked as the Best Medical and Dental College.
• Indian Agriculture Research Institute, Delhi ranked as the Best Agriculture Institute.
• Indian Institute of Management, Ahmedabad ranked 1st in Management, followed by IIM-Bangalore (2nd) and IIM-Kozhikode (3rd).
• Jamia Hamdard, New Delhi was the Best in Pharmacy, followed by BITS Pilani (2nd) and Punjab University, Chandigarh (3rd).
• IIT-Roorkee topped in Architecture and Planning, followed by NIT Kozhikode (2nd) and IIT-Kharagpur (3rd).
• Top Colleges: Hindu College (1st), Miranda House (2nd), Hansraj College (3rd).
• State Public Universities: Jadavpur University, Kolkata (1st), Anna University, Chennai (2nd).
• Open Universities: Indira Gandhi National Open University (IGNOU), Delhi.
• Skill Universities: Symbiosis Skills and Professional University.
• New Category – Sustainable Development Goals (SDGs): IIT-Madras ranked 1st.

Education Minister Dharmendra Pradhan’s Statements:

• Rankings across 17 categories were announced, showing stable growth in higher education.
• Linked NIRF rankings to the goal of “Developed India 2047” (Viksit Bharat 2047).
• Proposed “One Nation, One Data” policy for transparent institutional ranking.
• Suggested adding entrepreneurship as a ranking parameter instead of over-dependence on “perception.”

Ranking Parameters (5):

1. Teaching, Learning and Resources (TLR)
2. Research and Professional Practice (RP)
3. Graduation Outcomes (GO)
4. Outreach and Inclusivity (OI)
5. Perception (PR)

About NIRF:

• Launched in 2015 by the Ministry of Human Resource Development (now Ministry of Education).
• Provides a transparent and comprehensive evaluation framework for Indian higher education institutions.
• 2025 marked the 10th edition with more institutions joining the assessment.

CURRENT AFAFIRS: SPORTS NEWS

World Boxing Championships 2025 to Begin in Liverpool, United Kingdom

• The World Boxing Championships will begin tomorrow in Liverpool, United Kingdom, marking the first edition under the new governing body – World Boxing.
• For the first time, the event will feature both men’s and women’s competitions together.

Key Highlights

• Women’s team won 4 gold medals at the New Delhi Worlds, while the men’s team won 3 bronze medals in Tashkent.
• Women’s squad:
  • Nikhat Zareen – two-time world champion, competing in 51kg category.
  • Lovlina Borgohain – Tokyo Olympic bronze medallist, three-time Worlds medallist, defending crown in 75kg.
  • Pooja Rani – two-time Asian champion, World Cup silver medallist (July 2025).
• Men’s squad:
  • Sumit Kundu – returns after injury.
  • Sachin Siwach – 2021 World Youth Champion.
  • Harsh Choudhary – brings prior Worlds experience.
  • Debutants: Jadumani Singh Mandengbam, Hitesh Gulia, Abhinash Jamwal.
• The event provides young boxers international exposure and a platform to establish themselves.
• Points To Remember:
  • Event – World Boxing Championships 2025
  • Location – Liverpool, United Kingdom
  • Organiser – World Boxing (new governing body)
  • Format – First time both men’s and women’s events held together

CURRENT AFFAIRS: IMPORTANT DAYS

National Teachers Day 2025: September 5

• In India, every year 5th of September is celebrated as National Teachers Day to contribute to our teachers.
• Fifth September is the birth anniversary of Dr. Sarevepalli Radhakrishnan, the former president of India who was a well-known Teacher, Scholar, and Philosopher.

History

• In India, the President, Dr. Sarevepalli Radhakrishnan’s birthday is celebrated as Teacher’s Day. He was one of the greatest teachers and very popular among the students.
• On his birthday his students and friends asked to celebrate it grandly. For that, he replied instead of celebrating in a grand manner he wanted to observe his birthday as a Teachers day.
• Since 1962 every year 5th of September is celebrated as National Teachers Day in India.
• As the common adage goes, the future of a country lies in the hands of its children, and teachers, as mentors, can mould students into future leaders who shape the destiny of India.

International Day of Charity 2024: September 5

• In 2012, the United Nations General Assembly declared the International Day of Charity was observed on the 5th of September.
• They declared September 5 as an International Day of Charity in order to remember the death anniversary of Mother Theresa who was awarded the Nobel Prize for Peace in 1979.

History

• This day was constructed by a Hungarian civil society with the support of the Hungarian government.
• On 17 December 2012, the UN General Assembly declared the 5th of September as the International Day of Charity.
• To honour the tireless work of Mother Thersa for charity, her death anniversary is celebrated as the International Day of Charity.

Daily CA One- Liner: September 5

• The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, approved amendments to labour laws to increase daily working hours for private sector employees
• Chhattisgarh, formed in 2000, has grown from 1,400 Megawatts (MW) to 30,000 MW of electricity in 2025, making it one of India’s leading power hubs
• The State of Meghalaya unveiled its Autumn Calendar 2025, an initiative by the Department of Tourism to highlight cultural vibrancy and boost local livelihoods
• The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved an Incentive Scheme worth ₹1,500 crore to develop recycling capacity for separation and production of critical minerals from secondary sources
• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with Industrial Credit and Investment Corporation of India (ICICI) Bank Limited to support startups and innovators across the country
• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with Pfizer Limited to strengthen India’s healthcare innovation ecosystem
• The 10th edition of NIRF Rankings 2025 was released by the Ministry of Education in New Delhi
• The World Boxing Championships will begin tomorrow in Liverpool, United Kingdom, marking the first edition under the new governing body – World Boxing
• In India, every year 5th of September is celebrated as National Teachers Day to contribute to our teachers
• In 2012, the United Nations General Assembly declared the International Day of Charity was observed on the 5th of September
• Bank of Baroda (BoB) has launched bob Digi Udyam, a digital, collateral-free lending platform for Micro and Small Enterprises (MSEs).
• Karnataka Grameena Bank (KGB), headquartered in Ballari, has adopted a common logo designed for all 11 amalgamated Regional Rural Banks (RRBs) in India.
• Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom firm, was penalised by NSE and BSE for non-compliance with Securities and Exchange Board of India (Sebi) board composition norms.
• Bank of India has classified the loan account of Reliance Communications (RCom) as fraudulent, citing alleged fund diversion in 2016.
• BharatPe has launched the Unity Bank BharatPe Credit Card in partnership with Unity Small Finance Bank (Unity Bank).
• Union Minister Piyush Goyal met with United Arab Emirates (UAE) Minister Dr. Thani bin Ahmed Al Zeyoudi in New Delhi on August 29, 2025, to strengthen the India–UAE CEPA (Comprehensive Economic Partnership Agreement).
• India and Japan have signed an implementing arrangement to jointly explore the Moon’s south pole as part of the Chandrayaan-5 mission.
• INS Trikand, an Indian Naval stealth frigate, called at Alexandria, Egypt on September 1, 2025, during its deployment to the Mediterranean Sea.
• The Competition Commission of India (CCI) has approved the acquisition of a 24.99% stake and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation (SMBC).
• Rakesh Gangwal, a promoter of InterGlobe Aviation (IndiGo), and his family trust have divested a 3.1% stake in IndiGo through block deals valued at ₹7,027.7 crore.
• Union Minister of Textiles – Giriraj Singh launched the Kapas Kisan App, which was developed by the Cotton Corporation of India (CCI) under the Ministry of Textiles.
• The Union Public Service Commission (UPSC) will establish a Centre of Excellence (CoE) as a repository of best practices of UPSC and State Public Service Commissions (PSCs) during its Centenary Year Celebrations (October 1, 2025–October 1, 2026).