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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Securities and Exchange Board of India Mulls Allowing Foreign Portfolio Investors to Trade in Non-Agri Commodity Derivatives

• The Securities and Exchange Board of India (SEBI) is reviewing a proposal to allow Foreign Portfolio Investors (FPIs) to trade in non-cash settled, non-agricultural commodity derivatives.
• The move aims to broaden the domestic commodity market and increase investor participation.

Key Highlights :

• If approved, FPIs will be able to trade in gold, silver, zinc, lead, and other base metals (physically settled commodities).
• SEBI Chairman Tuhin Kanta Pandey confirmed that a committee will suggest ways to deepen the agricultural commodities segment, and a working group will focus on the non-agri commodity space.
• FPIs are currently allowed to trade only in financially settled contracts such as crude oil, natural gas, and index futures/options.
• FPIs have offloaded ₹60,679 crore of equities since July 2025, showing their significant presence in Indian markets.
• The new rules would boost liquidity beyond the first month of trading, enabling industrial users to use the platform for effective hedging.
• FPIs bring risk capital and research strength, leading to better price discovery and capital efficiency.
• A deeper market will help Indian corporates hedge domestically rather than going abroad.
• The proposal is seen as a step to make India’s commodity derivatives market globally competitive, especially in the current geo-political context.

About SEBI :

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

India’s Logistics Expenses Pegged at 7.97% of GDP

• On the 10th anniversary of Make in India, Union Commerce and Industry Minister Piyush Goyal launched the Assessment of Logistics Cost in India report in New Delhi.
• For the first time, India has a comprehensive and scientifically derived estimate of logistics costs using a hybrid methodology (secondary data + nationwide surveys).
• The initiative follows the National Logistics Policy (2022), which mandated a uniform framework for measuring logistics costs and benchmarking them against global practices.
• Logistics costs in India are estimated at 7.97% of GDP, as per the NCAER assessment for DPIIT, correcting earlier misrepresented figures of 13–14%.
• The report framework captures costs across transport modes, product categories, and firm sizes, and provides freight cost per tonne-kilometre
• Government initiatives to reduce logistics costs include:
• PM GatiShakti National Master Plan
• Dedicated Freight Corridors
• Bharatmala Pariyojana
• Sagarmala Project
• Integrated Check Posts
• Unified Logistics Interface Platform (ULIP)
• Logistics Efficiency Enhancement Programme (LEAP)
• Other steps include mapping HSN codes to line ministries, creating a logistics database, and implementing state and city logistics plans under the SMILE programme with ADB.

India’s Seafood Exports Face Setback as US Senators Propose Higher Shrimp Tariffs

• US Senators Bill Cassidy (Louisiana) and Cindy Hyde-Smith (Mississippi) introduced the India Shrimp Tariff Act in the US Senate to impose tariffs on shrimp imports from India.
• The purpose of the Act is to establish tariffs, ensure a level playing field for domestic producers, and safeguard Louisiana’s shrimpers, catfish farmers, processors, and related jobs.

Key Highlights :

• The Act claims that India has been dumping cheap shrimp in the US market, which allegedly harms local producers and restaurants.
• Louisiana’s shrimp industry has been under strain, and the Act is presented as a measure to protect its culture, economy, and Gulf Coast jobs.
• The Act follows the Agricultural Disputes and Enforcement Act (Feb 2025), which earlier targeted imports of rice from India and China.
• The move is expected to increase India–US trade tensions, especially in seafood and agriculture sectors, and may lead India to contest it at the World Trade Organization (WTO) as protectionism.
• India, a leading global exporter of shrimp, argues that its products are of superior quality and costlier (20–30% more than Ecuadorian shrimp), not “dumped” at low standards.
• The Southern Shrimp Alliance in the USA has persistently sought to restrict Indian shrimp imports, which has led to this protectionist push.

Reserve Bank of India Releases ₹100 Commemorative Coin to Mark Birth Centenary of Bharat Ratna Dr. Bhupen Hazarika

• The Reserve Bank of India (RBI) issued a ₹100 commemorative coin, marking the birth centenary of Bharat Ratna Dr. Bhupen Hazarika.
• The coin will be unveiled by Prime Minister Narendra Modi at a public event in Guwahati.
• A biography of Bhupen Hazarika, published by the Assam Publication Board, will also be released and translated into multiple Indian languages.
• The coin launch is part of a year-long centenary celebration (Sept 8, 2025 – Sept 8, 2026), which will conclude with a ceremonial gathering attended by the President of India.
• The Bhupen Hazarika Memorial site in Jalukbari will be renamed Bhupen Hazarika Samannay Tirtha.
• A dedicated museum at Srimanta Sankardev Kalakshetra, Guwahati will house Hazarika’s personal items, writings, music, and awards.
• All Bihu committees in Assam have been urged to dedicate one evening to Bhupen Hazarika’s legacy during festivities.
• Bhupen Hazarika (1926–2011) was a singer, poet, social philosopher, and cultural reformer, whose works conveyed social justice, linguistic pride, and human dignity.
• He was posthumously awarded the Bharat Ratna in 2019, India’s highest civilian honour.

RBI FAQ On International Trade Settlement in Indian Rupees (INR)

• The Special Rupee Vostro Account (SRVA) is an additional arrangement for settlement of international trade in Indian Rupees (INR), complementing the existing system of settlement in freely convertible currencies.
• The new feature of SRVA is that trade settlement in INR reduces dependence on hard currencies like USD, EUR, JPY.
• Correspondent banking is an arrangement where a bank acts as an intermediary/agent for another bank to facilitate wire transfers, deposits, transactions, and access to foreign markets.
• The SRVA mechanism is a bank-to-bank arrangement, similar to a correspondent banking setup.
• An Indian branch of a foreign bank can open an SRVA for its head office/other branches abroad if it is an Authorised Dealer (AD) bank and subject to RBI approval.
• Existing Rupee Vostro Accounts cannot be used as SRVA; a new account must be opened.
• A foreign bank can maintain multiple SRVAs with different AD banks in India.
• An AD bank in India can also open multiple SRVAs for banks from the same foreign country.
• The exchange rate between INR and the partner country’s currency will be market-determined.
• In the absence of a direct quote, the exchange rate will be derived as a cross-currency rate via major currencies like USD or EUR.
• The SRVA is not aimed at specific countries but is part of a calibrated path to promote INR use in global trade.
• Balances in SRVA can be repatriated either in freely convertible currency or in the domestic currency of the trading partner country.
• Income from INR balances in SRVA can be repatriated subject to regulatory and tax provisions.
• Balances in SRVA can be used for permissible current and capital account transactions, including FDI and ECB, under FEMA rules.
• Surplus SRVA balances can be invested in Government Treasury Bills and securities, and other avenues mutually agreed upon, within regulatory limits.
• Investment in T-Bills/G-Secs from SRVA funds does not require an FPI license for the foreign bank.
• The AD bank in India is responsible for reporting cross-border transactions under the SRVA.
• Indian traders benefit as settlement in INR reduces exchange rate risk for exporters and importers.
• The list of SRVAs opened by Indian banks is available on FEDAI’s website under the SRVA Directory.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Prime Minister Inaugurates Development Projects in Arunachal Pradesh

• Prime Minister Shri Narendra Modi laid the foundation stone and inaugurated development works worth over ₹5,100 crore in Itanagar, Arunachal Pradesh, while offering prayers to Almighty Donyi Polo.
• He praised the patriotism, valour, and simplicity of Arunachal’s people and described the state as the land of the rising sun, a symbol of peace and culture.
• The visit was special as it coincided with the first day of Navratri, during which he announced next-generation Goods and Services Tax (GST) reforms and launched the GST Savings Festival providing financial relief to citizens.

Key initiatives and announcements:

• Development works cover sectors such as power, connectivity, tourism, health, agriculture, and women’s empowerment.
• Arunachal and the Northeast, previously neglected, are now central to development priorities with frequent Union Minister visits (over 800 visits) and active participation of the Prime Minister (70+ visits).
• Funding and infrastructure: Arunachal received over ₹1 lakh crore from central taxes since 2014, compared to only ₹6,000 crore in the previous ten years. This excludes additional spending on major projects and schemes.
• Power projects: Foundation stones laid for Heo Hydro Electric Project (240 MW) and Tato-I Hydro Electric Project (186 MW) in Siyom sub-basin.
• Tourism and culture: Foundation stone for state-of-the-art Convention Centre in Tawang, capacity for 1,500 delegates; support to Vibrant Villages Programme improving border villages.
• Connectivity: Development of Sela Tunnel, heliports under UDAN scheme, Hollongi Airport terminal with direct flights to Delhi; improved transport for local produce.
• Healthcare: Commencement of cancer institute, establishment of medical colleges, and Ayushman Bharat scheme providing free treatment.
• Agriculture and horticulture: Promotion of local produce (kiwi, oranges, cardamom, pineapples) and implementation of PM-Kisan Samman Nidhi scheme.
• Women empowerment: Launch of working women hostels; advancement of the Lakhpati Didis mission.
• Ease of living and governance: Focus on Ease of Living, Ease of Travel, Ease of Medical Treatment, Ease of Education, Ease of Doing Business.
• GST benefits: Simplified GST to 5% and 18% slabs, tax relief on essential items, homes, vehicles, and travel.
• Swadeshi promotion: Citizens urged to buy and sell Made in India products to strengthen self-reliance.
• Dignitaries present: Governor Lt Gen K T Parnaik (Retd), Chief Minister Shri Pema Khandu, Union Minister Shri Kiren Rijiju, and other officials.

Prime Minister Narendra Modi Inaugurates Redeveloped 524-Year-Old Tripura Sundari Temple in Tripura

• Prime Minister Narendra Modi inaugurated the redeveloped 524-year-old Tripura Sundari Temple at Udaipur, Gomati district, Tripura, a revered Shaktipeetha under the PRASAD scheme (Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive).
• The project cost was ₹52 crore (₹7 crore by the Tripura government, rest under PRASAD scheme).
• Historical Significance:
  • Built in 1501 by Maharaj Dhanya Manikya Bahadur when Udaipur (then Rangamati) was the capital of the Manikya dynasty.
  • Located on a hillock shaped like a turtle’s back, considered sacred.
  • Constructed after the king received a ‘swapnadesh’ (divine commandment) from Goddess Aadishakti.
  • Houses two deities: Tripura Sundari (main idol) and Chhoti Ma, worshipped by priest families originally from Kannauj, Uttar Pradesh.
  • Attracts over 2 lakh devotees annually during Diwali.
• Redevelopment Project:
  • Launched in 2018 under former CM Biplab Kumar Deb with the creation of Mata Tripura Sundari Temple Trust.
  • In 2025, CM Dr. Manik Saha laid the foundation of Shaktipeetha Park.

India has been elected as a member of the Interpol Asian Committee

• India has been elected as a member of the Interpol Asian Committee during the 25th Interpol Asian Regional Conference held in Singapore.
• The Central Bureau of Investigation (CBI), which functions as India’s National Central Bureau (NCB) for Interpol matters, represented the country.

Key Highlights

• The Interpol Asian Committee is an advisory body that guides the Interpol Asian Regional Conference, meeting annually to address security threats such as organised crime, cybercrime, terrorism, human trafficking, and drug trafficking.
• India’s election was multi-stage and competitive, reflecting the confidence of Asian nations in India’s policing and security capabilities.
• Significance of India’s Membership:
  • Strengthens India’s role in regional law enforcement decision-making.
  • Enhances intelligence sharing with neighbouring countries.
  • Boosts cooperation against cross-border crime and terrorism.
  • Promotes India’s strategic priorities in Asia-Pacific policing cooperation.
• The election comes amid rising digital crimes, terror financing, and transnational trafficking syndicates in Asia, making India’s role crucial in shaping collaborative regional responses.
• India can now push for standardised cybercrime frameworks, stronger extradition treaties, and capacity-building programs for smaller police forces across Asia.

Ahmednagar Railway Station in Maharashtra Renamed as ‘Ahilyanagar’

• The Ahmednagar Railway Station in Maharashtra has been officially renamed as Ahilyanagar Railway Station to honour Lokmata Devi Ahilyabai Holkar (1725–1795), the revered Maratha queen known for her benevolent rule, public welfare initiatives, and temple-building works.

Key Highlights

• The renaming aligns with the recent name change of Ahmednagar district to Ahilyanagar, reflecting public sentiment to preserve India’s indigenous legacy.
• The proposal was initiated by the Maharashtra government, supported by local citizens and leaders. It was approved by the Union Home Ministry, following a request from Deputy Chief Minister Ajit Pawar to Railway Minister Ashwini Vaishnaw.
• The Railway Board issued a notification after approval, enabling implementation across the Indian Railways system.
• Station Details:
  • Located in the Pune Division of Central Railway.
  • New name displayed in three scripts – Devanagari (Marathi), Devanagari (Hindi), and Roman (English).
  • Station code remains unchanged as ANG, ensuring continuity in booking and operations.
  • All signboards, timetables, and official platforms updated with the new name.
• Legacy of Ahilyabai Holkar: She transformed Indore into a thriving city, promoted women’s rights, justice, and integrity, and is remembered as a symbol of leadership and public welfare.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Saudi Arabia and Pakistan Ink Mutual Defence Pact, Reshaping Regional Security

• Saudi Arabia and Pakistan signed a Mutual Defence Agreement on September 17, 2025, marking a significant shift in regional security.
• The agreement includes a Mutual Defence Clause, stating that any aggression against one will be treated as aggression against both.
• It provides for joint deterrence measures, including intelligence sharing, defence logistics, and military preparedness.
• The pact allows for expanded military cooperation, such as joint exercises and interoperability of forces.
• It represents a long-term strategic commitment, moving beyond transactional ties in the region.
• The timing reflects rising West Asia instability, triggered by Israeli airstrike in Doha and uncertainty over U.S. security guarantees.
• Saudi Arabia gains by reducing dependence on Western powers, aligning with a nuclear-armed Muslim-majority state, countering Iranian influence, and advancing its regional defence hub ambitions.
• Pakistan benefits through formal recognition of its strategic role and enhanced support from Saudi Arabia.
• For India, concerns include Pakistan’s enhanced backing, changes in balance of power in the Gulf, implications for trade, energy, and diaspora security, and geopolitical messaging that may limit India’s strategic space.

About Saudi Arabia :

• King : Salman
• Crown Prince and Prime Minister : Mohammed bin Salman
• Capital : Riyadh
• Currency : Saudi riyal

About Pakistan :

• President : Asif Ali Zardari
• Prime Minister : Shehbaz Sharif
• Capital : Islamabad
• Currency : Pakistani rupee

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Mithun Manhas Named Unopposed President-Elect of Board of Control for Cricket in India

• Mithun Manhas, former Delhi captain, has been confirmed as the President-elect of Board of Control for Cricket in India (BCCI); he will be elected unopposed at the Annual General Meeting (AGM).
• Election officer A.K. Joti announced the list of valid nominations after scrutiny, with one candidate for each post following internal political consultations.
• Arun Dhumal will continue as Chairman of the IPL Governing Council; he previously served as BCCI Treasurer (2019–22) before leading the IPL in 2022.
• Dhumal’s eligibility was confirmed, as the IPL Governing Council is not considered a BCCI office-bearer post, so no cooling-off period is required.
• Valid nominations for BCCI posts:
• President: Mithun Manhas
• Vice-President: Rajeev Shukla
• Secretary: Devajit Saikia
• Joint Secretary: Prabhtej Singh Bhatia
• Treasurer: Raghuram Bhat
• Apex Council Member: Jaydev Niranjan Shah
• IPL Governing Council Members: Arun Singh Dhumal, M. Khairul Jamal Majumdar

IndusInd Bank appoints Viral Damania as new Chief Financial Officer during leadership changes

• IndusInd Bank appointed Viral Damania as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective 22 September 2025.
• With this appointment, the additional responsibilities of Santosh Kumar as Special Officer-Finance & Accounts (KMP) will cease immediately, but he will continue as Deputy CFO.
• Viral Damania has 27 years of banking experience, having served as CFO of Bank of America India and worked with Citibank North America, BofA Securities India, Citibank N.A. (India, Bangladesh, Sri Lanka) and PwC.
• In August 2025, Rajeev Anand took charge as Managing Director & CEO (MD&CEO) for 3 years, after Sumant Kathpalia resigned in April 2025 over accounting lapses.
• Former Deputy CEO Arun Khuran also resigned in April 2025 due to the same issue.

CURRENT AFFAIRS: AWARDS AND HONOURS

Gram Panchayats Win First-Ever Recognition at National e-Governance Awards 2025

• For the first time, Gram Panchayats were honoured under a dedicated category at the National Awards for e-Governance (NAeG) 2025, presented in Visakhapatnam, Andhra Pradesh by Dr. Jitendra Singh, MoS PMO during the 28th National Conference on e-Governance.
• Theme: “Viksit Bharat: Civil Service and Digital Transformation”. Over 1.45 lakh entries were evaluated.
• Award Winners:
  • Gold Award – Rohini Gram Panchayat, Maharashtra: State’s first fully paperless e-Office, 1,027 online services, 100% digital literacy, real-time grievance redressal, bulk SMS outreach.
  • Silver Award – West Majlishpur Gram Panchayat, Tripura: Citizen Charter-driven Panchayat, digital services for vital registrations, MGNREGS job cards, trade licenses, property records, with all requests digitally tracked.
  • Jury Award – Palsana Gram Panchayat, Gujarat: Integrated Digital Gujarat and Gram Suvidha, QR/UPI property tax payments, online grievance system, 10,000+ annual users.
  • Jury Award – Suakati Gram Panchayat, Odisha: Uses OdishaOne and Seva Odisha platforms, ensures 24/7 service access, real-time tracking, and promotes women’s leadership in governance.
• Prizes: ₹10 lakh (Gold), ₹5 lakh (Silver), trophies, and certificates to reinvest in citizen-focused digital innovations.
• Significance: Marks a shift of governance reforms to grassroots level, ensuring digital inclusivity, transparency, ease of living, and women empowerment in Panchayat governance.
• Static Facts:
  • National Awards for e-Governance (NAeG) are awarded annually by DARPG.
  • 2025 introduced the first Gram Panchayat category for grassroots digital innovation.
  • Sarpanch is the elected head of a Gram Panchayat.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Ministry of Rural Development Signs MoUs to Strengthen DAY-NRLM Interventions

• The Ministry of Rural Development (MoRD) signed five Memorandums of Understanding (MoUs) with NIRD&PR, Hyderabad, and four National Resource Organizations (NROs) – SRLMs of Andhra Pradesh, Bihar, Jharkhand, and Telangana – to enhance Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) initiatives.
• These states were acknowledged for pioneering digitisation, with Bihar leading in Food, Nutrition, Health, and WASH (FNHW) interventions.

Key Highlights

• MoUs signed on 19 September 2025 at NRLM Conference Hall, New Delhi by:
  • Shri T.K. Anil Kumar, Additional Secretary (Rural Livelihoods), MoRD
  • Dr. Vanishree Joseph, Director, NRLM Resource Cell, NIRD&PR
  • Shri Ananya Mittal, CEO, JSLPS (Jharkhand)
  • Representatives from Andhra Pradesh SRLM, Bihar Jeevika, Telangana SERP.
• Role of NIRD&PR:
  • Build capacities of SRLM functionaries and community cadres.
  • Create a multi-thematic pool of resource persons.
  • Conduct induction and leadership training.
  • Document best practices.
  • Provide technical and strategic support to strengthen community institutions, livelihoods, digital innovations, and social inclusion.
• Contribution of NROs:
  • Provided technical support for LokOS, a digital platform improving governance and operations in Self-Help Groups (SHGs) and federations.
  • Digitisation via LokOS enhances accountability, financial integration, and builds self-reliant rural communities through technology.

India–Morocco Sign Defence MoU and Announce Defence Wing in Rabat

• Raksha Mantri Rajnath Singh and Morocco’s Defence Minister Abdeltif Loudiyi signed a Memorandum of Understanding (MoU) on defence cooperation in Rabat.
• India announced a new Defence Wing at the Indian Embassy in Rabat to institutionalise military exchanges, training, and industrial collaboration.

Key Highlights

• The MoU covers joint military exercises, defence industry co-development, capacity building in military medicine and peacekeeping, and expert exchanges to strengthen interoperability.
• Strategic focus areas include counter-terrorism, cyber defence, maritime security (Indian Ocean & Atlantic), military medicine, and UN peacekeeping operations.
• The Defence Wing in Rabat will act as a permanent contact point for training, defence exports, and coordination of joint projects.
• The partnership enhances India’s Africa outreach under the India–Africa Defence Dialogue (IADD), while Morocco gains access to Indian technologies like drones, counter-drone systems, and cyber defence tools.
• Static Facts: India–Morocco diplomatic ties began in 1957; Morocco is in North Africa, bordered by the Atlantic Ocean and Mediterranean Sea, with proximity to Europe and West Africa. The Indian Ocean and Atlantic corridors are critical for maritime security and global shipping.

Department of Posts and BSNL Sign Strategic MoU for SIM Sales and Mobile Recharge Services

• The Department of Posts (DoP) and Bharat Sanchar Nigam Limited (BSNL) signed a Memorandum of Understanding (MoU) in New Delhi to boost rural telecom connectivity.
• The MoU aims to use India Post’s 1.65 lakh+ post offices (mostly in rural/semi-urban areas) as last-mile service points for BSNL SIM sales, mobile recharge services, and customer onboarding.
• The initiative aligns with Digital India and financial inclusion objectives to bridge the digital divide in remote and underserved regions.
• Agreement Terms:
  • Valid for 1 year (from 17.09.2025), subject to renewal based on performance.
  • Includes joint monitoring, monthly reconciliation, and data privacy safeguards.
• First implemented in Assam, where it showed strong uptake; now being scaled nationwide.
• Roles of Partners:
  • BSNL – Provide SIM card stock, technical support, and training.
  • India Post – Act as Point of Sale (PoS) and ensure secure customer transactions.

CURRENT AFFAIRS : DEFENCE NEWS

21st Edition of Exercise Yudh Abhyas 2025 Ends on September 14 After Two Weeks of Joint Drills

• The 21st edition of Exercise Yudh Abhyas 2025 concluded on 14 September 2025 after two weeks of intensive engagement.
• It is an annual bilateral army-to-army drill between India and the United States, held since 2002.
• The exercise was conducted at Fort Wainwright and Yukon Training Area, Alaska (US) from September 1–14, 2025.
• Around 450 Indian Army personnel (led by the Madras Regiment) participated alongside the US Army’s 11th Airborne Division.
• Activities included live-fire exercises, joint artillery firing, and mortar live-fire drills.
• The exercise has evolved from a platoon-level peacekeeping drill (2002) into a complex large-scale joint operation.

Other Exercises Between India and US :

• Exercise Vajra Prahar – Special Forces’ Exercise
• Exercise SALVEX – Navy
• Exercise Cope India – Air Force
• Exercise Malabar – Quadrilateral naval exercise

India and Thailand wrap up joint military exercise ‘Maitree’ in Meghalaya

• The 14th edition of the India–Thailand joint military exercise “Maitree” concluded in Meghalaya’s Ri-Bhoi district.
• The exercise, focused on counter-terrorism, was held from Sept 2, 2025 at the Foreign Training Node, Umroi cantonment.
• The Indian Army contingent, comprising 120 personnel, was represented by a battalion of the Madras Regiment.
• The exercise lasted for two weeks and was conducted under the United Nations mandate.
• It culminated in a 48-hour validation phase, which included setting up a temporary operating base, establishing an ISR (Intelligence, Surveillance & Reconnaissance) grid, isolating a village, heliborne operations, raids, and hostage rescue.
• Both sides displayed and used new-generation equipment during the exercise.
• The joint training enhanced interoperability and familiarisation with operational procedures and combat drills of both armies.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

NVIDIA, OpenAI Ink Strategic Deal to Deploy 10 GW AI Infrastructure Systems

• NVIDIA and OpenAI signed a letter of intent for a strategic partnership to deploy 10 gigawatts of NVIDIA systems for next-generation AI infrastructure.
• NVIDIA plans to invest up to $100 billion in OpenAI to support datacenter and power capacity.
• The first phase will go live in the second half of 2026 using the NVIDIA Vera Rubin platform.
• Jensen Huang (NVIDIA CEO) said the deal marks the next leap in intelligence, powering superintelligence.
• Greg Brockman (OpenAI President) highlighted that 10 gigawatts of compute will scale AI benefits globally.
• OpenAI and NVIDIA will co-optimize roadmaps for model and infrastructure software (OpenAI) and hardware & software (NVIDIA).
• The partnership complements work with Microsoft, Oracle, SoftBank, and Stargate partners on advanced AI infrastructure.
• OpenAI has 700 million weekly active users and wide enterprise, SME, and developer adoption.
• The partnership supports OpenAI’s mission to build artificial general intelligence (AGI) that benefits all humanity.
• OpenAI CEO : Sam Altman

AIIMS launches AI-based ‘Never Alone’ mental health initiative to prevent student suicides

• AIIMS Delhi has launched “Never Alone”, an AI-powered mental health and wellness programme that provides 24×7 screening, counselling, intervention, and follow-up care through a secure web-based app accessible on WhatsApp.
• The initiative was launched at AIIMS Delhi, AIIMS Bhubaneswar, and IHBAS Shahdara, with plans to expand across other AIIMS institutions via the Global Centre for Integrative Health (GCIH).
• The “Never Alone” app is designed to break the stigma around mental health and provide immediate, anonymous support, linking students with counsellors, psychiatrists, and faculty members.
• According to AIIMS data, 7,27,000 people die by suicide globally each year (one every 45 seconds).
• As per NCRB estimates, India recorded 1.7 lakh suicides in 2022, the highest in 56 years, with youth between 18–30 years being the most vulnerable.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Former CJI DY Chandrachud Authors Debut Book “Why the Constitution Matters”

• Former Chief Justice of India (CJI) DY Chandrachud has written his first book “Why the Constitution Matters”, to be released in 2025 by Penguin Random House.
• The book explains how the Indian Constitution shapes everyday life, using insights from 25+ years of judicial experience.
• Written for the public, it simplifies constitutional principles and connects them to issues like privacy, equality, education, and justice.
• DY Chandrachud, the 50th CJI, retired in November 2024 and is known for progressive rulings on privacy, gender equality, LGBTQ+ rights, and freedom of expression.
• Key themes include judicial interpretation, citizen engagement with rights, human rights and equality, secularism, and liberty.
• The book highlights that the Constitution is not just a legal code but a moral and social compass, crucial for protecting freedoms, ensuring governance, and safeguarding democracy.

CURRENT AFFAIRS: SPORTS NEWS

ICC Launches ‘Bring it Home’ as Official Anthem for Women’s Cricket World Cup 2025

• The International Cricket Council (ICC) unveiled the official song ‘Bring it Home’ for the Women’s Cricket World Cup 2025, sung by Shreya Ghoshal.
• The anthem captures the spirit, determination, and unity of women’s cricket and energizes fans ahead of the tournament.
• Tournament Details:
  • Dates: 30 September – 2 November 2025
  • Hosts: India and Sri Lanka
  • Venues: DY Patil Stadium (Navi Mumbai), ACA Stadium (Guwahati), Holkar Stadium (Indore), ACA-VDCA Stadium (Visakhapatnam), R Premadasa Stadium (Colombo, Sri Lanka).
• Song Features:
  • High-energy blend of rhythm, melody, and emotion.
  • Catchy hooks: “Tarikita Tarikita Tarikita Dhom” and heartbeat-inspired beats “Dhak Dhak, we bring it home”.
  • Lyrics celebrate unity, perseverance, and determination, e.g., “Patthar pighlana hai, Ek naya itihas banana hai” (forge a new history).

Smriti Mandhana Scores Fastest Indian ODI Century, Breaking Virat Kohli’s Record

• Smriti Mandhana scored the fastest century by an Indian in ODI cricket during the 3rd ODI vs Australia at Arun Jaitley Stadium, New Delhi, reaching 100 runs in just 50 balls.
• She broke Virat Kohli’s 52-ball record and became the fastest Indian across men’s and women’s ODIs.

Key Highlights

• Scored 125 runs off 65 balls, including 17 boundaries and 5 sixes, completing her century with a six over midwicket.
• India was chasing 413 runs (Australia posted 412/7); Mandhana shared a 121-run partnership with Harmanpreet Kaur.
• Women’s ODI fastest hundreds (by balls faced): Meg Lanning – 45, Smriti Mandhana – 50, Karen Rolton – 57, Beth Mooney – 57, Sophie Devine – 59, Chamari Athapaththu – 60.
• Significance: second-fastest century in women’s ODI history, broke her own previous record of 70-ball century vs Ireland by 20 balls.
• Match context: India lost the 3rd ODI and the series, Deepti Sharma was most economical with 10-0-68-1.

Anandkumar Velkumar Wins Gold at 2025 World Speed Skating Championships

• Anandkumar Velkumar, 22-year-old Indian skater, won gold in the men’s 42km marathon at the 2025 World Speed Skating Championships in China, becoming India’s first-ever world champion in speed skating.
• Medal Tally at the Event:
  • Gold – 42km marathon
  • Gold – 1000m event with a record time of 1:24.92
  • Bronze – 500m sprint
• Velkumar’s skating journey began on a cement badminton court near his home, training for 15 years despite limited resources.
• International Breakthroughs:
  • Silver at 2021 Junior World Championships – first for India in speed skating.
  • Bronze at World Games 2025, leading to his golden run at World Championships 2025.
• Significance:
  • First Indian to win a world championship title in speed skating.
  • Places India on the global speed skating map, traditionally dominated by European and East Asian athletes.
  • Demonstrates India’s growing presence in unconventional sports beyond cricket, badminton, and hockey.

Daily CA One- Liner: September 24

• Prime Minister Shri Narendra Modi laid the foundation stone and inaugurated development works worth over ₹5,100 crore in Itanagar, Arunachal Pradesh, while offering prayers to Almighty Donyi Polo
• Prime Minister Narendra Modi inaugurated the redeveloped 524-year-old Tripura Sundari Temple at Udaipur, Gomati district, Tripura, a revered Shaktipeetha under the PRASAD scheme (Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive).
• India has been elected as a member of the Interpol Asian Committee during the 25th Interpol Asian Regional Conference held in Singapore
• The Ahmednagar Railway Station in Maharashtra has been officially renamed as Ahilyanagar Railway Station to honour Lokmata Devi Ahilyabai Holkar (1725–1795), the revered Maratha queen known for her benevolent rule, public welfare initiatives, and temple-building works
• For the first time, Gram Panchayats were honoured under a dedicated category at the National Awards for e-Governance (NAeG) 2025, presented in Visakhapatnam, Andhra Pradesh by Jitendra Singh, MoS PMO during the 28th National Conference on e-Governance
• The Ministry of Rural Development (MoRD) signed five Memorandums of Understanding (MoUs) with NIRD&PR, Hyderabad, and four National Resource Organizations (NROs) – SRLMs of Andhra Pradesh, Bihar, Jharkhand, and Telangana – to enhance Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) initiatives
• Raksha Mantri Rajnath Singh and Morocco’s Defence Minister Abdeltif Loudiyi signed a Memorandum of Understanding (MoU) on defence cooperation in Rabat
• The Department of Posts (DoP) and Bharat Sanchar Nigam Limited (BSNL) signed a Memorandum of Understanding (MoU) in New Delhi to boost rural telecom connectivity
• Former Chief Justice of India (CJI) DY Chandrachud has written his first book “Why the Constitution Matters”, to be released in 2025 by Penguin Random House
• The International Cricket Council (ICC) unveiled the official song ‘Bring it Home’ for the Women’s Cricket World Cup 2025, sung by Shreya Ghoshal
• Smriti Mandhana scored the fastest century by an Indian in ODI cricket during the 3rd ODI vs Australia at Arun Jaitley Stadium, New Delhi, reaching 100 runs in just 50 balls
• Anandkumar Velkumar, 22-year-old Indian skater, won gold in the men’s 42km marathon at the 2025 World Speed Skating Championships in China, becoming India’s first-ever world champion in speed skating
• The Securities and Exchange Board of India (SEBI) is reviewing a proposal to allow Foreign Portfolio Investors (FPIs) to trade in non-cash settled, non-agricultural commodity derivatives.
• On the 10th anniversary of Make in India, Union Commerce and Industry Minister Piyush Goyal launched the Assessment of Logistics Cost in India report in New Delhi.
• US Senators Bill Cassidy (Louisiana) and Cindy Hyde-Smith (Mississippi) introduced the India Shrimp Tariff Act in the US Senate to impose tariffs on shrimp imports from India.
• The Reserve Bank of India (RBI) issued a ₹100 commemorative coin, marking the birth centenary of Bharat Ratna Dr. Bhupen Hazarika.
• The Special Rupee Vostro Account (SRVA) is an additional arrangement for settlement of international trade in Indian Rupees (INR), complementing the existing system of settlement in freely convertible currencies.
• Saudi Arabia and Pakistan signed a Mutual Defence Agreement on September 17, 2025, marking a significant shift in regional security.
• Mithun Manhas, former Delhi captain, has been confirmed as the President-elect of Board of Control for Cricket in India (BCCI); he will be elected unopposed at the Annual General Meeting (AGM).
• IndusInd Bank appointed Viral Damania as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective 22 September 2025.
• The 21st edition of Exercise Yudh Abhyas 2025 concluded on 14 September 2025 after two weeks of intensive engagement.
• The 14th edition of the India–Thailand joint military exercise “Maitree” concluded in Meghalaya’s Ri-Bhoi district.
• NVIDIA and OpenAI signed a letter of intent for a strategic partnership to deploy 10 gigawatts of NVIDIA systems for next-generation AI infrastructure.
• AIIMS Delhi has launched “Never Alone”, an AI-powered mental health and wellness programme that provides 24×7 screening, counselling, intervention, and follow-up care through a secure web-based app accessible on WhatsApp.

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