RBI issues Basel III market-risk capital rules effective April 2027.
Dated: 25 September 2026
The Reserve Bank of India issued final minimum-capital directions for market risk on September 21, 2026, aligning Indian banking rules with revised Basel III standards.
Key Highlights:
1. The directions take effect on April 1, 2027.
2. Banks will calculate capital using the Simplified Standardised Approach.
3. Debt mutual funds and exchange-traded funds will be treated according to underlying risk drivers.
4. Credit-derivative rules now cover positions hedged through Total Return Swaps.
5. Net Open Position and foreign-exchange risk capital instructions were revised.
Additional Information:
1. RBI was established on April 1, 1935 and nationalised on January 1, 1949.
2. The Basel Committee was created in 1974 and is based at BIS in Basel, Switzerland.
India wins women's cricket gold at 2026 Asian Games.
Dated: 25 September 2026
India defeated Sri Lanka by 147 runs on September 23, 2026, to win the women’s cricket gold medal at the Aichi-Nagoya Asian Games.
Key Highlights:
1. India scored 216/3 in 20 overs and dismissed Sri Lanka within 16 overs.
2. Smriti Mandhana made 79 from 45 balls and Richa Ghosh scored 49 from 22.
3. Deepti Sharma took 3 wickets; Shafali Verma, Sree Charani and Shreyanka Patil took 2 each.
4. India won a second consecutive Asian Games gold, while Sri Lanka received silver.
5. Pakistan beat Bangladesh by 31 runs for bronze.
Additional Information:
1. Aichi Prefecture and Nagoya in Japan host the 20th Asian Games.
2. India won its first women’s cricket Asian Games gold at Hangzhou 2022.
MSME credit-guarantee cover for TReDS financing becomes operational.
Dated: 25 September 2026
Credit-guarantee cover for MSME invoice financing through the Trade Receivables Discounting System became operational on September 22, 2026.
Key Highlights:
1. CGTMSE under the MSME Ministry operationalised the mechanism announced in Union Budget 2026-27.
2. M1xchange became the first TReDS platform to use it and complete a covered transaction.
3. MSMEs can raise funds against invoices approved by their buyers.
4. Financiers can obtain risk protection for eligible receivables directly on the platform.
5. The digital system calculates the guarantee fee and generates the cover note.
Additional Information:
1. CGTMSE was jointly established by the MSME Ministry and SIDBI.
2. TReDS is an RBI-created mechanism for discounting MSME invoices and easing delayed-payment liquidity.
Jayanti Prasad takes additional charge as IBBI Chairperson.
Dated: 25 September 2026
IBBI Whole-Time Member Jayanti Prasad assumed additional charge as Chairperson of the Insolvency and Bankruptcy Board of India on September 13, 2026.
Key Highlights:
1. The Central Government assigned him the additional responsibility.
2. He succeeded Ravi Mital after Mital completed his tenure at age 65.
3. The arrangement continues until November 20, 2026 or appointment of a full-time successor.
4. The government has begun selecting a permanent Chairperson.
5. Jayanti Prasad continues to serve as an IBBI Whole-Time Member.
Additional Information:
1. IBBI was established on October 1, 2016 under the Insolvency and Bankruptcy Code.
2. The New Delhi-based statutory body regulates insolvency professionals, agencies and information utilities.
World Rhino Day 2026 observed with theme 'Keep the Five Alive'.
Dated: 25 September 2026
World Rhino Day was observed on September 22, 2026, to promote conservation of the five surviving rhinoceros species.
Key Highlights:
1. The 2026 theme was Keep the Five Alive.
2. The State of the Rhino report estimated a global population of about 26,700.
3. Assam hosts nearly 80% of the world’s Greater One-Horned Rhinos.
4. Kaziranga National Park is recognised for reducing rhino poaching.
5. The five species are White, Black, Greater One-Horned, Javan and Sumatran.
Additional Information:
1. WWF-South Africa announced World Rhino Day in 2010.
2. It became an international observance in 2011 through conservation advocates Lisa Jane Campbell and Rhishja Cota.
NHAI and SSNNL sign Gujarat infrastructure coordination MoU.
Dated: 25 September 2026
NHAI and Sardar Sarovar Narmada Nigam Limited signed an MoU in Gandhinagar on September 22, 2026, to speed approvals for highway and irrigation infrastructure in Gujarat.
Key Highlights:
1. It sets time-bound approvals for national-highway, canal and pipeline crossings.
2. Both agencies will waive fees, charges and levies for covered crossings.
3. The arrangement aims to cut project costs and optimise public funds.
4. Standard engineering practices will guide construction and maintenance.
5. Regional officers and chief engineers signed the agreement for the two bodies.
Additional Information:
1. NHAI was constituted under the NHAI Act 1988 and works under the Road Transport Ministry.
2. SSNNL is a Gujarat Government company executing the Sardar Sarovar multipurpose project.
BEML CMD Shantanu Roy wins IIMM Best CEO Award 2026.
Dated: 25 September 2026
BEML Chairman and Managing Director Shantanu Roy received the Indian Institute of Materials Management Best CEO of the Year 2026 award on September 19.
Key Highlights:
1. The ceremony was held at the SCALE Supply Chain and Logistics Expo in Bengaluru.
2. IIMM National President P. M. Biddappa presented the honour.
3. It recognised leadership across defence and aerospace, rail and metro, and mining and construction.
4. BEML was also recognised for the highest order value to micro and small enterprises through GeM.
5. The award highlighted strategic supply-chain leadership.
Additional Information:
1. BEML was established in 1964 and is a Schedule A public-sector undertaking under the Defence Ministry.
2. The Bengaluru-headquartered company operates across major engineering sectors.
BIS certification mandated for smartphone screen protectors from 2027.
Dated: 25 September 2026
The Union Government mandated compulsory BIS certification for all smartphone screen protectors on September 22, 2026, with enforcement beginning in 2027.
Key Highlights:
1. The mandate sets national safety and durability benchmarks.
2. It aims to curb low-quality protectors in the retail market.
3. Technical specifications for mobile accessories will be standardised.
4. The policy is expected to support domestic manufacturers.
5. It will reduce dependence on unregulated sub-standard imports.
Additional Information:
1. BIS is India’s National Standards Body under the Consumer Affairs Ministry.
2. It became a statutory body under the BIS Act 2016 after beginning as the Indian Standards Institution in 1947.
11th Ayurveda Day celebrated on September 23.
Dated: 25 September 2026
India celebrated the 11th Ayurveda Day on September 23, 2026, with the theme Ayurveda for a Healthier Tomorrow.
Key Highlights:
1. Union Budget 2026-27 allocated Rs.4,408 crore to the Ayush Ministry.
2. The National Ayush Mission received Rs.6,406.99 crore during 2014-15 to 2025-26.
3. A plan provides for three new All India Institutes of Ayurveda.
4. India had 12,260 Ayushman Arogya Mandirs and Ayush services in 13,249 public health facilities.
5. Ayurveda terminology entered the WHO ICD-11 module for standard coding of traditional diagnoses.
Additional Information:
1. CCRAS is the Ayush Ministry’s autonomous body for scientific Ayurveda research.
2. The WHO Global Traditional Medicine Centre is located in Jamnagar, Gujarat.
Government dissolves Digital Communications Commission after 37 years.
Dated: 25 September 2026
The Union Government notified the immediate dissolution of the Digital Communications Commission, the telecom department’s apex decision-making body, on September 19, 2026.
Key Highlights:
1. The body functioned for nearly 37 years on telecom policy and financial matters.
2. It was established as the Telecom Commission in 1989 and renamed in 2018.
3. Members included senior officials from NITI Aayog, Finance Ministry and DPIIT.
4. It finalised spectrum pricing and processed TRAI recommendations.
5. Its last meeting on September 3 considered satellite-communication spectrum.
Additional Information:
1. TRAI was established in 1997 under the TRAI Act.
2. The New Delhi-based regulator independently oversees Indian telecom services.
ISRO and ESA extend cooperation to human and robotic exploration.
Dated: 25 September 2026
ISRO and the European Space Agency signed an agreement in Paris on September 10, 2026, extending cooperation to human and robotic space exploration.
Key Highlights:
1. The existing cooperative agreement was extended for five years until January 8, 2032.
2. New areas include human-robotic exploration, space weather and sustainable outer-space activity.
3. Existing cooperation covers Earth observation, satellite navigation, space science and mission support.
4. ISRO Chairman V. Narayanan and ESA Director General Josef Aschbacher exchanged letters.
5. The agreement was signed alongside the International Space Summit.
Additional Information:
1. ISRO was established on August 15, 1969 and is headquartered in Bengaluru.
2. ESA was established in 1975 and is headquartered in Paris.
Inter-State Council order amended for Governors during central rule.
Dated: 25 September 2026
The President amended the Inter-State Council Order under Article 263 on September 21, 2026, enabling Governors and Lieutenant Governors to attend meetings during central rule.
Key Highlights:
1. A Governor must be invited when Article 356 is in force in a state.
2. Delhi’s Lieutenant Governor attends when an Article 239AB order operates.
3. Puducherry’s Lieutenant Governor attends during an order under Section 51 of the 1963 Union Territories Act.
4. Jammu and Kashmir’s Lieutenant Governor attends under Section 73 of the 2019 Reorganisation Act.
5. The Home Ministry notification took effect immediately.
Additional Information:
1. The Inter-State Council was formed through a 1990 order on Sarkaria Commission recommendations.
2. It discusses matters of common interest to the Union and states.
Justice R. C. Chavan resigns from Maharashtra UCC committee.
Dated: 25 September 2026
Former Bombay High Court judge R. C. Chavan resigned from Maharashtra’s seven-member Uniform Civil Code drafting committee on September 19, 2026.
Key Highlights:
1. Retired Supreme Court judge Justice Ranjana Desai heads the committee.
2. The Maharashtra Government constituted the panel in July 2026.
3. It is preparing a draft framework for a common civil code in the state.
4. Its work includes public questionnaires, a website and meeting records.
5. About 21 states were reported to be studying Uttarakhand’s UCC model.
Additional Information:
1. Article 44 in the Directive Principles contains the Uniform Civil Code objective.
2. Uttarakhand became the first independent-India state to pass a UCC Bill.
TRAI mandates more voice-and-SMS-only recharge vouchers.
Dated: 25 September 2026
TRAI issued the Telecom Consumer Protection Thirteenth Amendment Regulation 2026 on September 22, requiring operators to offer dedicated voice-and-SMS-only recharge vouchers.
Key Highlights:
1. Special Tariff Vouchers must not force customers to buy data.
2. Operators must provide such vouchers for each validity of 30 days or less offered with data.
3. At least one voucher must renew on the same date every month.
4. At least one voice-and-SMS voucher must have validity longer than 30 days.
5. The rules expand consumer choice for subscribers who do not need mobile data.
Additional Information:
1. TRAI was established on February 20, 1997 under the TRAI Act.
2. The New Delhi regulator oversees tariffs and telecom consumer protection.
India adopts four G20 outcomes on energy, water and critical minerals.
Dated: 25 September 2026
India joined G20 nations in adopting four consensus outcomes on household energy, infrastructure, water reuse and critical minerals in Houston, Texas, on September 22, 2026.
Key Highlights:
1. The household-energy outcome prioritises LPG over traditional biomass for cleaner cooking.
2. Governments will pursue faster and more predictable permits for energy projects.
3. A voluntary initiative supports recycled water in farming, manufacturing and communities.
4. Critical-mineral supply chains will be diversified through data, innovation and joint investment.
5. The White House National Energy Dominance Council hosted the three-day meeting.
Additional Information:
1. G20 comprises 19 countries, the European Union and African Union.
2. India’s Mines Ministry has identified 30 critical minerals for economic and national security.
Challenge Mode for aerodrome development launched under UDAN.
Dated: 25 September 2026
The Civil Aviation Minister launched Challenge Mode for aerodrome development and signed 21 MoUs with states and Union Territories in New Delhi on September 22, 2026.
Key Highlights:
1. States and UTs can nominate airstrips and helipads for development through a dedicated portal.
2. AAI will identify and operationalise aviation assets.
3. The process provides transparent project selection and route bidding.
4. The modified UDAN programme promotes affordable travel, sustainable operations and indigenous civil aircraft.
5. It targets 120 new destinations and 4 crore passengers over the next decade.
Additional Information:
1. UDAN began in 2016 as a regional-connectivity programme using Viability Gap Funding.
2. By September 2026, 687 routes and 95 aerodromes had carried 1.71 crore passengers.
Jay Meena secures India's first Asian Games soft-tennis medal.
Dated: 25 September 2026
Jay Meena reached the men’s singles semi-finals on September 23, 2026, securing India’s first soft-tennis medal at any Asian Games.
Key Highlights:
1. He defeated the Philippines’ Sherwin Nuguit 4-3 in the quarter-final.
2. Reaching the last four guaranteed India a podium finish.
3. Meena previously represented India at the 2018 Jakarta and 2022 Hangzhou Games.
4. India also won women’s skeet team bronze with 331 points.
5. Raiza Dhillon, Parinaaz Dhaliwal and Maheshwari Chauhan formed the skeet team.
Additional Information:
1. The 2026 Asian Games are hosted by Aichi-Nagoya, Japan.
2. Soft tennis uses soft rubber balls and is governed by the International Soft Tennis Federation.
Swachh Seva Aankalan framework launched under SBM-Grameen.
Dated: 25 September 2026
The Jal Shakti Minister launched Swachh Seva Aankalan, an annual digital self-assessment framework for rural sanitation, on September 23, 2026.
Key Highlights:
1. The Gram Panchayat-level tool was developed under Swachh Bharat Mission Grameen 2.0.
2. It evaluates ODF sustainability, visible cleanliness and solid-liquid waste management.
3. It also checks operation and maintenance of community sanitation assets.
4. Village Water and Sanitation Committees and communities conduct self-assessment.
5. The Gram Sabha validates data before district and state review.
Additional Information:
1. SBM-Grameen Phase I began on October 2, 2014.
2. The 73rd Constitutional Amendment gave constitutional status to Panchayati Raj Institutions.
RNFI Money gets RBI approval for cross-border trade remittances.
Dated: 25 September 2026
The Reserve Bank of India approved RNFI Money Private Limited to conduct cross-border trade remittances on September 21, 2026.
Key Highlights:
1. The authorisation has perpetual validity.
2. RNFI Money is a wholly owned subsidiary of RNFI Services Limited.
3. It will provide regulated foreign-exchange and remittance services.
4. The company will offer cross-border trade-payment solutions to businesses.
5. A last-mile network will extend services beyond traditional bank branches.
Additional Information:
1. RNFI Services previously received in-principle authorisation as a Payment Aggregator-Physical.
2. Payment aggregators are regulated under the Payment and Settlement Systems Act 2007.
CCI approves acquisition of three Royals cricket franchises.
Dated: 25 September 2026
CCI approved the acquisition of Rajasthan Royals, Paarl Royals and Barbados Royals by Westview Cricket and Poonawalla Sports and Fitness on September 17, 2026.
Key Highlights:
1. Westview Cricket is registered in the United Kingdom.
2. Poonawalla Sports and Fitness is wholly owned by Adar Cyrus Poonawalla.
3. Rajasthan Royals competes in the Indian Premier League.
4. Paarl Royals is based in South Africa and Barbados Royals in Barbados.
5. Mauritius-incorporated EM Sporting Holdings is the holding company for all three.
Additional Information:
1. CCI is a statutory body under the Competition Act 2002.
2. The Indian Premier League was established by BCCI in 2008.
International Day of Sign Languages observed on September 23.
Dated: 25 September 2026
The International Day of Sign Languages was observed worldwide on September 23, 2026, to support the rights and recognition of deaf communities.
Key Highlights:
1. The 2026 theme was Declaring Deaf People’s Human Rights.
2. The year marked 75 years of the World Federation of the Deaf.
3. It also marked 20 years since adoption of the UN disability-rights convention.
4. The International Week of Deaf People ran from September 21-27.
5. The UN General Assembly declared the day through a December 2017 resolution.
Additional Information:
1. The first official observance was held in 2018.
2. The World Federation of the Deaf was established on September 23, 1951.
PhonePe secures UAE approvals for Aani and Jaywan payments.
Dated: 25 September 2026
PhonePe received in-principle approval for two payment licences from the Central Bank of the UAE on September 23, 2026, for its first international market.
Key Highlights:
1. The approvals cover Retail Payment Services and Card Schemes plus Stored Value Facilities.
2. PhonePe plans to integrate with Aani, the UAE counterpart of UPI.
3. It will also support Jaywan, the UAE domestic card scheme comparable to RuPay.
4. Services will include digital wallets, gift cards and merchant e-payment acceptance.
5. The Bengaluru firm already supports Indian travellers’ UPI payments through UAE partners.
Additional Information:
1. PhonePe was established in 2015 and is led by CEO Sameer Nigam.
2. NPCI International Payments Limited was established in April 2020 to deploy UPI and RuPay abroad.
IAF to host multinational exercise Tarang Shakti in Jodhpur.
Dated: 25 September 2026
The Indian Air Force will conduct the second multinational air exercise Tarang Shakti at Jodhpur airbase, Rajasthan, from September 26 to October 12, 2026.
Key Highlights:
1. The exercise will improve interoperability, joint tactical coordination and exchange of operational practices.
2. It includes complex aerial missions and joint tactical manoeuvres.
3. Foreign platforms will operate with India’s indigenous aircraft and frontline assets.
4. The event follows the India-Japan Veer Guardian exercise that ended on September 22.
5. The participant list was being finalised at the time of announcement.
Additional Information:
1. Tarang Shakti is India’s largest multinational air exercise.
2. Its first edition was held in 2024 in two phases at Sulur and Jodhpur.
Tamil Nadu extends Kamarajar Breakfast Scheme to Classes 6-8.
Dated: 25 September 2026
Tamil Nadu Chief Minister C. Joseph Vijay expanded the Perunthalaivar Kamarajar Breakfast Scheme to Classes VI-VIII on September 22, 2026.
Key Highlights:
1. The expansion covers about 15.30 lakh additional students in 15,454 government and aided schools.
2. It was launched at a government middle school in Gandhi Gramam, Thiruvanmiyur.
3. An additional Rs.217.63 crore was allocated, taking the programme budget to Rs.724 crore.
4. Meals include upma, kichadi and pongal.
5. The scheme is temporarily deferred in Chengalpattu and Tiruppur due to by-election rules.
Additional Information:
1. K. Kamaraj served as Tamil Nadu Chief Minister from 1954-1963 and pioneered the Midday Meal Scheme.
2. The first Breakfast Scheme phase for Classes I-V began in 2022.