Home » Daily Current Affairs and GK Update – 08.09.2025

Daily Current Affairs and GK Update – 08.09.2025

ndia and US commence 'Yudh Abhyas 2025' joint military exercise in Alaska

National Headlines – 08.09.2025

Political and Administrative Updates

  • Prime Minister Modi and French President Emmanuel Macron discussed efforts to bring an early end to the Ukraine conflict through telephonic conversation

  • External Affairs Minister S. Jaishankar to join BRICS virtual meeting to discuss Trump tariff implications and multilateral cooperation strategies

  • Prime Minister Modi will visit flood-affected Punjab’s Gurdaspur area to meet affected families and assess damage

  • India and US commence ‘Yudh Abhyas 2025’ joint military exercise in Alaska, showcasing continued defense cooperation despite recent trade tensions

  • Chief of Defence Staff Gen Anil Chauhan identified unresolved China boundary dispute as India’s biggest national security challenge, followed by Pakistan’s proxy war strategy

  • Mauritius Prime Minister Navinchandra Ramgoolam undertakes state visit to India from September 9-16, marking his first overseas bilateral visit in current term

Economic and Financial Developments

  • GST Council approves major reforms with simplified two-slab structure featuring 5% merit rate and 18% standard rate, effective from September 22, 2025

  • Health and life insurance policies become GST-free from September 22, providing significant premium reduction of nearly 18%

  • Services sector growth hits 15-year high in August 2025 with PMI reaching 62.9, boosting composite PMI to 17-year high

  • India’s GDP growth recorded at 7.8% in Q1 FY26, fastest among major economies globally

  • RBI Governor to meet exporters on September 11 to discuss easier loan repayment terms and support for entering new markets

  • Cabinet approves Rs 1,500 crore scheme to promote critical mineral recycling, targeting 40 kilo tonnes of critical minerals and 70,000 jobs

Immigration and Legal Updates

  • Immigration and Foreigners Act, 2025 came into effect from September 1, consolidating India’s immigration laws with stricter penalties for forged documents

  • Act imposes 2-7 years imprisonment and Rs 1-10 lakh fine for using forged travel documents

  • Hotels, universities, hospitals must report foreign nationals’ details as mandatory requirement

Infrastructure and Development

  • NDRF deployed at 164 disaster-hit spots across the country for emergency response

  • Massive landslide blocks national highway near Shimla in Himachal Pradesh, rescue operations underway

  • Assam CM announces Rs 5 crore contribution to Himachal CM Relief Fund for flood relief assistance

  • Punjab schools and colleges to reopen for students from Tuesday following recent disruptions

Cultural and Ceremonial Events

  • Assam kicks off year-long birth centenary celebrations of Bharat Ratna Dr Bhupen Hazarika from September 8, 2025

  • Prime Minister Modi to attend inauguration ceremony of Bhupen Hazarika centenary celebrations and unveil infrastructure projects in Assam

  • Rs 100 commemorative coin to be released in honor of Bhupen Hazarika during celebrations

  • 50,000 people across Assam recite iconic Bhupen Hazarika poem in unison as part of centenary events

  • Over 1,000 artists to perform 14 of Hazarika’s immortal songs during grand centenary event

International Headlines – 08.09.2025

Major Political Developments

  • Japanese Prime Minister Shigeru Ishiba announces resignation to prevent divisions within ruling Liberal Democratic Party following electoral setbacks

  • Anutin Charnvirakul becomes Thailand’s new Prime Minister after receiving royal endorsement

  • Russian scientists claim personalized mRNA cancer vaccine ready for clinical use after successful trials, aiming for patient administration in September-October

  • US President Trump quietly prepares to visit South Korea in October for APEC Summit, potential meeting with Chinese President Xi Jinping planned

Military and Security Updates

  • Russia launches massive attack on Ukraine with over 800 drones and decoys, described as largest such attack in the war

  • Russian attack on Kyiv hits government building, killing two people including one-year-old child

  • Houthi drone hits airport in southern Israel causing airspace shutdown and one injury

  • Trump administration begins ‘Patriot 2.0’ deportation crackdown in Massachusetts targeting undocumented immigrants

  • Nepal-China joint military exercise commences, indicating growing bilateral defense cooperation

Astronomical Events

  • Total lunar eclipse (Blood Moon) visible across India on September 7-8, 2025, lasting 82 minutes

  • Eclipse begins at 8:58 PM IST with totality phase from 11:00 PM to 12:22 AM IST

  • Phenomenon visible from Europe, Asia, Australia, and eastern Africa without need for special equipment

  • India offers prime viewing conditions with cities like Delhi, Mumbai, Kolkata providing excellent vantage points

Religious and Social Developments

  • Catholic teen to become first millennial saint, receiving ‘God’s Influencer’ designation

  • Maharashtra government declares September 8, 2025 as public holiday, cancelling earlier September 5 holiday announcement

  • International Literacy Day observed globally with focus on education as powerful weapon for change

Banking and Financial Updates – 08.09.2025

Policy and Regulatory Changes

  • RBI approves re-appointment of Rama Subramaniam Gandhi as part-time Chairman of bank

  • Government securities, foreign exchange, and money markets closed on September 8 due to Maharashtra public holiday declaration

  • Settlement of outstanding transactions due September 8 postponed to September 9, 2025

  • Standing Deposit Facility and Marginal Standing Facility windows adjusted according to revised holiday schedule

Banking Sector Developments

  • Private banks face increased non-performing assets provisions amid rising loan losses, reaching three-year high in June quarter

  • Loan loss provisioning rose 40.4% year-on-year to Rs 15,527.2 crore for private sector banks

  • Public Sector Banks see 9.3% decline in provisioning with most PSBs reporting lower provisions

  • Banks betting on festive season and GST cuts to boost credit growth, particularly in retail lending segment

Financial Services Innovation

  • PhonePe launches home insurance offering with premiums starting at Rs 181 annually

  • Insurance plans provide coverage ranging from Rs 10 lakh to Rs 12.5 crore against over 20 risks

  • UPI autopay revocations hit 20 million per month due to low customer balance issues

  • Punjab National Bank plans credit card operations revamp by November with enhanced IT infrastructure

Market and Investment Updates

  • 27 issuers and one mega deal highlight split story in 2025 QIP issuances

  • India Inc’s overseas fundraising remains tepid due to ample domestic liquidity and attractive local interest rates

  • Foreign investors continue as net sellers while domestic investors remain net buyers in cash market

  • Bank of Baroda reduces car loan rates to 8.15% and loan against property rates to 9.15% for festive season

Sports Headlines – 08.09.2025

Hockey Achievements

  • India men’s hockey team wins Asia Cup 2025 by defeating South Korea 4-1 in final at Rajgir

  • Victory secures India’s qualification for 2026 World Cup in Belgium and Netherlands

  • Harmanpreet Singh leads team to fourth Asia Cup title, ending seven-year wait since 2017 Dhaka triumph

  • Prime Minister Modi congratulates Indian men’s hockey team for splendid Asia Cup victory

Archery Excellence

  • India claims maiden gold in men’s compound team event at World Archery Championships in Gwangju, Korea

  • Rishabh Yadav and Jyothi Surekha Vennam reach final in mixed pair compound, becoming second Indian pair to achieve this feat

  • India defeats Chinese Taipei 157-155 to secure historic mixed pair final berth

  • Rishabh joins Prathamesh Fuge and Aman Saini for men’s team gold, defeating France 235-233

Tennis Updates

  • Aryna Sabalenka wins second straight US Open title by defeating Anisimova

  • Carlos Alcaraz defeats Jannik Sinner 6-2, 3-6, 6-1, 6-4 to win US Open 2025 title and reclaim world No. 1 ranking

  • Tokito Oda completes Golden Slam while Yui Kamiji adds title in US Open wheelchair tournaments

  • Ivan Ivanov and Jeline Vandromme claim US Open junior titles

Cricket and Other Sports

  • Marnus Labuschagne bowls hat-trick to help Redlands secure 41-run victory in T20 Max tournament final

  • 10-man India loses 1-2 to Qatar in AFC U23 Asian Cup Qualifiers

  • Pakistan defeats Afghanistan by 75 runs to win Tri-series in Sharjah

  • South Africa spinner Prenelan Subrayen cleared of suspect bowling action by ICC

  • India ‘A’ vs Australia ‘A’ series sees Shreyas Iyer named captain with Rahul and Siraj playing second game

Boxing World Championships

  • Jaismine enters quarterfinals at World Championships in Liverpool, one win away from medal

  • Pawan Bartwal loses to Mirzakhalilov in 55kg category

  • Lakshya Chahar advances in 80kg category by defeating Hussein Iashaish

Other Important Updates – 08.09.2025

Healthcare and Medical

  • UP CM Yogi announces cashless medical treatment for teachers across the state

  • Lt Gen Sadhna Saxena Nair becomes Director General Medical Services (Army) in Indian Armed Forces

  • Focus on healthcare infrastructure development with new medical college announcements

Education Sector

  • Delhi High Court to hear plea against NHAI notice for recruiting lawyers based on CLAT-PG scores

  • Professor Uma Kanjilal appointed as female Vice-Chancellor of Indira Gandhi National Open University (IGNOU)

  • Educational programs in schools announced to engage youth in learning about Bhupen Hazarika’s contributions

Law and Order

  • Bangladeshi among 14 arrested by Uttarakhand Police in crackdown on fake babas

  • UK team inspects Tihar Jail conditions for fugitives’ extradition review process

  • AIADMK removes senior leader K.A. Sengottaiyan from party posts following public unity calls

Military Appointments and Honors

  • Lt. General Pushpendra Singh becomes new Vice Chief of Indian Army

  • Lt Parul Dhadwal creates history as fifth-generation Army officer from same family

  • 127 gallantry awards and 40 distinguished service awards announced for Independence Day 2025

Upcoming Events and Announcements

  • BJP’s two-day workshop for MPs continues with focus on parliamentary strategies

  • Gujarat Vidhan Sabha monsoon session begins, running until September 10

  • Supreme Court to hear political parties’ petitions on SIR (Special Investigation Report)

  • All India Speakers Conference to be held in Bengaluru after 24 years gap

This comprehensive coverage provides point-wise information essential for banking and competitive examinations, covering all major national and international developments, economic policies, sports achievements, and other significant events for September 8, 2025.