National News
CP Radhakrishnan Elected as India’s 15th Vice President

- CP Radhakrishnan has been elected as India’s 15th Vice President, defeating INDIA bloc candidate Justice B Sudershan Reddy with 452 first preference votes in an election marked by a 98.2% turnout.
- Backed by the NDA, Radhakrishnan, a former Governor of Maharashtra and Jharkhand, and a two-time MP from Coimbatore, brings decades of political and administrative experience, having also served in the BJP, RSS, and various parliamentary and government roles.
- He succeeds Jagdeep Dhankhar, who resigned in July 2025.
Swacchotsav 2025 to Celebrate Clean and Green Festivities

- The Ministry of Housing and Urban Affairs (MoHUA) and Department of Drinking Water and Sanitation (DDWS) will roll out the ‘Swacchotsav’, a fortnight-long Swachhata Hi Seva (SHS) 2025 campaign from 17th September to 2nd October, focusing on cleanliness target units, clean green festivities, and SafaiMitra Suraksha Shivir.
- Union Ministers emphasized that Swachhata is a continuous jan andolan (people’s movement), urging states to tackle legacy waste dumpsites and promote the use of the Swachhata App to involve citizens actively in maintaining clean and green surroundings during the festive season.
State News
PM Modi Announces ₹1,600 Crore Relief for Flood‑Hit Punjab

- Prime Minister Narendra Modi announced a financial assistance of ₹1,600 crore for flood-hit Punjab after conducting an aerial survey and a review meeting in Gurdaspur.
- This is in addition to the ₹12,000 crore already with the state, along with assurances of advance SDRF release, PM-Kisan aid, and support through schemes like PM Awas Yojana, PMNRF, and MNRE.
- Relief measures include help for farmers, school reconstruction, and support for orphaned children under PM CARES.
- The Union Government also deployed central teams to assess damage, reaffirming full central support for rehabilitation and rebuilding efforts.
Himachal Pradesh to Receive ₹1,500 Crore Relief from Centre

- Prime Minister Narendra Modi announced a ₹1,500 crore aid package for flood-hit Himachal Pradesh, following an aerial survey and a review meeting in Kangra.
- He outlined a multi-dimensional rehabilitation plan including home rebuilding (PM Awas Yojana), highway restoration, school repairs, and support for farmers and livestock owners. Ex-gratia of ₹2 lakh for deceased victims’ families and ₹50,000 for the injured was also declared.
International News
HIRE Act 2025: A Potential Blow to India’s $100 Billion IT Export Sector

- The proposed HIRE Act 2025 in the US Senate seeks to impose a 25% excise tax on outsourcing payments to foreign service providers, targeting offshore work that benefits US consumers, thereby threatening India’s $100 billion IT export industry.
- It also denies tax deductions on such payments and includes strict reporting and anti-avoidance rules, potentially impacting IT services, call centers, GCCs, freelancers, and mid-tier vendors.
- If passed, it could trigger price resets, compliance burdens, strategic shifts toward onshore delivery, and greater automation, straining the US-India tech corridor and sparking trade tensions.
Irfaan Ali Wins Second Term as Guyana’s President

- In a landmark victory, President Irfaan Ali has been re-elected for a second term as his party, the People’s Progressive Party/Civic (PPP/C), won 36 out of 65 seats in Guyana’s National Assembly during the 1 September 2025 general election.
- The result grants him a stronger mandate to steer the nation through an era marked by rapid oil-driven economic growth and rising geopolitical relevance.
- The new WIN party emerged as the main opposition with 16 seats, while APNU fell to 12 seats.
Emmanuel Macron Taps Loyalist Lecornu as New Prime Minister

- French President Emmanuel Macron has named Sebastien Lecornu as Prime Minister, signaling a firm continuation of his pro-business economic agenda despite political risks.
- Lecornu, 39, a longtime Macron loyalist and former Defence Minister, replaces Francois Bayrou, who was ousted after clashing with parliament over debt reduction plans.
- Macron’s choice alienates the centre-left and leaves his minority government increasingly reliant on tacit support from the far-right National Rally (RN).
Business News
IEPFA Celebrates 9th Foundation Day with National Round Table

- The Investor Education and Protection Fund Authority (IEPFA) celebrated its 9th Foundation Day with a Round Table Conference on “Claiming the Unclaimed: Unlocking the Potential of Idle Financial Assets in India.”
- Senior policymakers and regulators including Sanjeev Sanyal (PM’s Economic Advisory Council) and leaders from SEBI, RBI, PFRDA, and IRDAI discussed enhancing investor protection, transparency, and financial inclusion.
Economy News
Moody’s: GST Reform to Boost Spending, Strain Revenues

- Moody’s Ratings has stated that India’s new two-slab GST structure (5% and 18%, with 40% for select luxury/tobacco items) will enhance household consumption and ease inflation, but at the cost of government revenue loss—estimated at ₹48,000 crore this fiscal.
- While the move, along with higher income tax exemptions, offers fiscal support to households, it may hinder debt reduction amid already high debt levels and rising fiscal deficit.
- Moody’s cautioned that such revenue-eroding reforms, despite aiding growth, weaken India’s debt affordability, which remains the lowest among investment-grade sovereigns.










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