Hindi Diwas 2025: Celebrating India’s Official Language
Hindi Diwas is celebrated on 14th September every year to commemorate the adoption of Hindi in Devanagari script as the official language of India
The date marks the historic moment when the Constituent Assembly adopted Hindi as the official language on 14th September 1949 under Article 343 of the Constitution
The day also celebrates the birth anniversary of Beohar Rajendra Simha, who played a crucial role in getting Hindi approved as India’s official language
Hindi is spoken by over 600 million people globally, making it one of the most widely spoken languages worldwide
The celebration of Hindi Diwas has been officially observed across India since 1953
Banking and Financial Sector Updates
RBI Monetary Policy Decisions August 2025
The Reserve Bank of India maintained the repo rate at 5.50% in its latest Monetary Policy Committee meeting under Governor Sanjay Malhotra
The central bank retained its neutral stance, indicating flexibility to move in either direction based on economic conditions
GDP growth forecast for FY26 has been maintained at 6.5%, with quarterly projections of Q1: 6.5%, Q2: 6.7%, Q3: 6.6%, and Q4: 6.3%
Inflation forecast has been revised downward to 3.1% from the earlier estimate of 3.7% for FY26
The Cash Reserve Ratio (CRR) cut announced in June will begin implementation from September 2025, reducing CRR from 4% to 3% in four phases
Banking Sector Performance
India aims to have two Public Sector Banks in the world’s top 20 banks list by 2047
Currently, only State Bank of India and HDFC Bank feature in the top 100 global lenders by assets
Gross NPAs of public sector banks have reduced to 2.58% as of March 2025, down from 9.11% in March 2021
Bank credit growth moderated to 9.9% year-on-year in July 2025, compared to 13.7% earlier
The banking sector maintains strong fundamentals with Capital to Risk Assets Ratio (CRAR) at 17% and net interest margin of 3.5%
SEBI Market Reforms
SEBI approved major market reforms including relaxed IPO norms for very large companies with market cap exceeding Rs 5 lakh crore
Minimum stake sale via IPO reduced to 2.5% from 5% for large companies
Single-window facility introduced for low-risk foreign investors to simplify compliance
Anchor investor allocation increased from one-third to 40% in IPO process
New framework mandates appointment of two executive directors in market infrastructure institutions for better governance
Government Policy Updates
Economic Survey 2025 Highlights
India’s real GDP growth projected at 6.4% for FY25, with FY26 growth forecast in the range of 6.3-6.8%
Services sector expected to grow at 7.2% in FY25, driven by IT, finance, and hospitality
Industrial sector growth estimated at 6.2% in FY25, while agriculture sector is projected to grow at 3.8%
Retail inflation reduced from 5.4% in FY24 to 4.9% in April-December 2024
Foreign Direct Investment increased by 17.9% year-over-year, reaching $55.6 billion in FY25
GST Reforms 2025
Comprehensive GST reforms package announced with simplified two-slab structure of 5% and 18%
Reforms will come into effect from 22nd September 2025, providing relief to common man and businesses
Focus on rate reductions across sectors including labor-intensive industries, farmers, agriculture, and healthcare
Seven pillars of Next-Gen GST reforms include simplified structure, fairer taxation, and digital filing for faster refunds
National Affairs
Supreme Court Updates
Supreme Court issues continue with various landmark judgments on reservation policies and administrative matters
Important decisions on horizontal reservation and merit-based selection principles
Court addresses issues related to migration of candidates in reservation categories
Various civil and criminal appeals being adjudicated on matters of national importance
Infrastructure and Development
Navi Mumbai International Airport scheduled for formal inauguration on 30th September 2025
Regular passenger flights expected to commence in late October-early November 2025
Government announces Asset Monetization Plan 2025-30 to mobilize Rs 10 lakh crore for new projects
Enhanced focus on Public-Private Partnership (PPP) in infrastructure development with 3-year project pipelines
International Affairs
Asia Cup 2025 Cricket
India vs Pakistan match scheduled for 14th September 2025 in Dubai, marking the first encounter since the Pahalgam terror attack
The match faces boycott campaigns in India due to rising political tensions
Both teams started their campaigns with wins – India defeated UAE by 9 wickets, while Pakistan beat Oman by 93 runs
Sri Lanka began their campaign with a 6-wicket victory over Bangladesh
Global Summits and Conferences
80th UN General Assembly session opens on 9th September 2025 with high-level General Debate starting 23rd September
IAEA Visitor Centre inauguration scheduled for 17th September 2025 in Seibersdorf, Austria
UN Global Compact Leaders Summit 2025 to be held on 23rd September 2025 in New York
Various bilateral meetings and international conferences planned throughout September
Sports Updates
Cricket Developments
Women’s Asia Cup continues with India set for final clash against China after draw with Japan
Men’s Asia Cup 2025 featuring eight teams including India, Pakistan, Bangladesh, and Sri Lanka
India enters as defending champions in the T20 format tournament
Strong performances expected from Indian team despite political tensions affecting viewership
Other Sports
Multiple international sporting events scheduled across September
Focus on preparation for upcoming global championships
Enhanced sports infrastructure development initiatives announced
Cultural and Festival Updates
September Festival Calendar
Onam celebrations concluded on 5th September 2025
Ganesh Visarjan observed on 6th September 2025 with grand processions
Pitru Paksha begins from 8th September continuing till 21st September
Vishwakarma Puja scheduled for 17th September 2025
Navratri preparations underway with festivities beginning 22nd September 2025
Technology and Innovation
Digital India Initiatives
Digital Payment Infrastructure continues to expand with UPI, RuPay, and FASTag adoption
Enhanced focus on artificial intelligence integration in various sectors
Bharatiya Bhasha Pustak Scheme proposed for digital Indian language books
Centre of Excellence in AI for Education announced with Rs 500 crore outlay
Key Economic Indicators
Growth Projections
FY26 GDP growth: 6.3-6.8% range
Industrial growth: 6.2% in FY25
Services growth: 7.2% in FY25
Agriculture growth: 3.8% in FY25
Inflation target: 3.1% for FY26
Banking Metrics
Repo rate: 5.50% (unchanged)
Bank credit growth: 9.9% year-on-year
CRAR: 17%
Gross NPAs: 2.58%
Credit-deposit ratio: 78.9%
