National Affairs
Political and Diplomatic Developments
Prime Minister Modi’s Strategic Meeting with Xi Jinping – PM Narendra Modi held crucial bilateral talks with Chinese President Xi Jinping in Tianjin, focusing on border peace and global stability amid ongoing trade tensions and US tariff threats
Case Registered Against Mahua Moitra – An FIR was filed against TMC MP Mahua Moitra in Chhattisgarh over her alleged remarks against Union Home Minister Amit Shah, sparking fresh political controversy
Major Bureaucratic Appointments – The Appointments Committee of the Cabinet approved significant administrative reshuffle involving more than a dozen Secretary-rank IAS officers across various ministries
IPS Officer G Venkataraman Appointed as Tamil Nadu DGP – New appointment made to strengthen state police administration
Economic and Financial Updates
India’s GDP Growth Exceeds Expectations – Indian economy grew at impressive 7.8% in Q1 FY 2025-26, significantly beating analyst estimates of 6.7% and marking the highest growth in five quarters
RBI Imposes Penalty on Bandhan Bank – Reserve Bank of India imposed monetary penalty of Rs 44.70 lakh on Bandhan Bank Limited for non-compliance with certain statutory and regulatory directions
Major Financial Rule Changes in September 2025 – ITR filing deadline extended to September 15, UPS deadline for central government employees till September 30, and Aadhaar card free update facility extended
Banking Holidays Schedule – Banks across India will remain closed for up to 15 days in September 2025 due to various regional festivals including Onam, Eid-e-Milad, and Durga Puja
Government Initiatives and Policy Updates
Project Matsya Shakti Launched – Union Minister George Kurian launched this one-year project in Thiruvananthapuram, Kerala, aimed at empowering minority fisherman communities under the PM VIKAS scheme
Delhi Startup Policy 2025 Released – Delhi government unveiled draft policy targeting 5,000 startups in the next decade with a proposed Rs 200 crore venture capital fund
DoP Partners with MapmyIndia – Department of Posts signed MoU to enhance DIGIPIN services, improving postal delivery systems
India Post Service Integration – Domestic Registered Post service merged with Speed Post effective September 1, 2025
Infrastructure and Development
IHMCL Signs Agreement with ICICI Bank – Partnership established to implement India’s first Multi-Lane Free Flow tolling system, revolutionizing highway toll collection
IIT Hyderabad-Army Collaboration – IIT-H signed pact with Indian Army’s Skills Development Department under ARTRAC to establish Centre of Excellence ‘VIGRAHA’
Exercise Yudh Kaushal 3.0 – Next-generation combat readiness demonstration conducted in Eastern Himalayas showcasing advanced military capabilities
International Affairs
Global Political Developments
Thailand’s Political Turmoil – Constitutional Court removed PM Paetongtarn Shinawatra over ethical misconduct, with Deputy PM Phumtham Wechayachai appointed as Acting Prime Minister
Russian President Putin’s China Visit – Vladimir Putin arrived in Tianjin for security summit, with Ukraine war and bilateral cooperation dominating the agenda
US Federal Court Ruling – Federal appeals court declared Trump’s “reciprocal tariffs” illegal, ruling that the president overstepped presidential authority
Nepal PM’s Trade Position – Nepal’s Prime Minister opposed India-China trade via Lipulekh corridor ahead of SCO summit
Middle East and Security Issues
Israeli Airstrike in Yemen – Israeli forces killed Houthi rebel Prime Minister in Sanaa, escalating regional tensions
Yemen’s Houthi Crackdown – Houthi rebels detained at least 11 UN staff members in latest security operation
Gaza Protests at Venice – Thousands demonstrated against Israeli siege near Venice Film Festival, highlighting international concern
International Economic Matters
South Korea Manufacturing Decline – Factory activity contracted for seventh consecutive month due to higher US tariffs, PMI data revealed
Japan’s Export Challenges – Japanese factory activity shrank on falling export orders according to purchasing managers’ index
China’s Economic Policies – China announced plans to reimpose fertilizer export restrictions from October, potentially affecting India’s specialty fertilizer sector
Sports News
Cricket Updates
Cheteshwar Pujara Announces Retirement – Veteran Test batsman retired from all forms of cricket after distinguished career spanning 103 Tests with 7,195 runs at 43.60 average
Asia Cup Hockey Championship – India secured crucial 3-2 victory against Japan in Pool A match at Rajgir, Bihar, maintaining second consecutive win in tournament
Duleep Trophy Developments – Ayush Badoni’s fluent double century powered North Zone to Duleep Trophy semifinal berth with massive first innings lead
Badminton Achievements
Satwik-Chirag World Championship Bronze – Indian doubles pair Satwiksairaj Rankireddy and Chirag Shetty secured bronze medal at BWF World Championships in Paris, maintaining India’s 14-year medal streak
Semifinal Performance Analysis – The duo lost 19-21, 21-18, 12-21 to Chinese pair Chen Bo Yang and Liu Yi but avenged their Olympic defeat against Malaysian opponents
Other Sports Highlights
US Open Tennis Progress – Yuki Bhambri partnering Michael Venus advanced in men’s doubles, while Anirudh Chandrasekar and Vijay Prashanth recorded maiden Grand Slam victory
Asian Shooting Championship – India topped medal tally with 50 gold medals at 16th Asian Shooting Championship in Shymkent, with Ankur Mittal setting world record
SAFF U17 Women’s Championship – India won the 7th edition title by defeating Nepal 5-0 at Changlimithang Stadium in Thimphu
Business and Economy
Corporate Developments
Tata Steel Major Investment – Company acquired over 300 crore equity shares worth Rs 3,104 crore in Singapore subsidiary TSHPL, aligned with USD 2.5 billion investment strategy
Stock Market Performance – NSE Nifty 50 ended 0.3% lower at 24,426.85 while BSE Sensex showed mixed performance amid global trade uncertainties
Reliance Jio IPO Preparations – Historic IPO planned after decade in telecom sector, with potential valuation of USD 154 billion according to Mukesh Ambani
Banking and Financial Services
Credit Card Rule Changes – SBI Card announced revised reward points program from September 1, removing points for digital gaming and government website transactions
Special Fixed Deposit Plans – Indian Bank and IDBI Bank offering special tenor FD plans with deadlines till September 30, 2025
Investment Opportunities – Aditya Birla Capital invested Rs 250 crore in Aditya Birla Housing Finance on rights basis
Investigation and Compliance
ED Raids in Odisha – Enforcement Directorate conducted major operation in Rs 1,396 crore bank fraud case, seizing 10 luxury cars, superbikes, cash, and jewelry worth over Rs 7 crore from mining businessman
Corporate Governance – SEBI imposed 18-month market ban and Rs 20 lakh penalty on GHCL’s non-executive chairman Anurag Dalmia
Important Dates and Deadlines (September 2025)
Financial Deadlines
September 15 – Extended ITR filing deadline for AY 2025-26
September 30 – UPS opt-in deadline for central government employees
September 30 – Last date for special FD plans by Indian Bank and IDBI Bank
September 14 – Free Aadhaar document update facility deadline
Banking Holidays Schedule
September 3 – Karma Puja (Jharkhand)
September 4 – First Onam (Kerala)
September 5 – Id-E-Milad/Thiruvonam (Multiple states)
September 6 – Id-e-Milad/Indrajatra (Jammu, Kashmir, Chhattisgarh)
September 22 – Navratra Sthapna (Rajasthan)
September 29-30 – Durga Puja celebrations (Eastern states)
Key Economic Indicators
GDP Growth Rate – 7.8% in Q1 FY26 (highest in 5 quarters)
Inflation Outlook – Expected to remain controlled with oil price stability
FDI Inflows – Rs 4,21,929 crore (USD 49.3 billion) in FY25, showing 15% increase
Current Account Deficit – Narrowed to 0.6% of GDP in FY25
Upcoming Events to Watch
India vs Iran football match in CAFA Nations Cup
GST Council meeting decisions on tax rationalization
Federal Reserve policy decision impact on Indian markets
SCO Summit developments and India-China relations
September PMI data releases for manufacturing sector
Note for Competitive Exam Aspirants:
This comprehensive current affairs update covers all major developments relevant for banking, SSC, UPSC, and other competitive examinations. Focus on numerical data, appointments, policy changes, and international agreements as these frequently appear in objective questions. Regular revision of economic indicators and government schemes will strengthen your preparation for both prelims and mains examinations.
