National News
IEPFA Launches Niveshak Didi Phase II for Women
NCERT Launches Bal Vatika TV and DIKSHA 2.0 on 65th Foundation Day
- On September 1, 2025, NCERT celebrated its 65th Foundation Day by launching key initiatives aligned with NEP 2020, including the Bal Vatika TV Channel for early learners, DIKSHA 2.0 with AI-driven multilingual support, and PRASHAST 2.0 for disability screening.
- With tools like inclusive UDL-based textbooks, VR labs, and regional primers, NCERT reinforced its commitment to digital transformation, inclusive education, and curriculum innovation.
- These launches mark a major stride in making school education accessible, adaptive, and equitable across India.
Banking News
Indian Post Payments Bank Celebrates 8th Foundation Day
- On September 1, 2025, India Post Payments Bank (IPPB) marked its 8th Foundation Day, celebrating its journey as a pioneer in last-mile digital banking with a reach of over 12 crore customers.
- Launched in 2018, IPPB now operates across 5.57 lakh villages and towns, integrating over 1.64 lakh post offices and powered by 1.90 lakh+ postal agents, redefining financial inclusion in India.
- With offerings like DigiSmart accounts, Face Authentication, and AePS, and services ranging from DBT to cross-border remittances, IPPB continues to deliver secure, inclusive, and tech-driven banking to the nation’s underserved.
Economy News
India’s GST Collection Rises to ₹1.86 Trillion in August
- India’s GST collection in August 2025 reached ₹1.86 trillion, marking a 6.5% year-on-year growth despite seasonal and global trade challenges.
- While the data signals economic resilience, a 20% drop in refunds—mainly affecting exports—and a moderating growth rate have intensified calls for GST reform, with a key GST Council meeting planned to consider simplified tax slabs and compliance relief.
- Ongoing geopolitical tensions and divergent state-centre priorities add urgency to reform discussions to sustain momentum.
India’s Current Account Deficit at $2.4 Billion in Q1 FY26
- India’s Current Account Deficit (CAD) slips into deficit in Q1 FY26, recording a 0.2% of GDP deficit compared to a 1.3% surplus in Q4 FY25.
- The deficit narrowed significantly from 0.9% in Q1 FY25, with the absolute CAD at $2.4 billion versus $8.6 billion a year ago.
- Key factors aiding the narrower deficit include increased net services receipts, remittances (up 18%), foreign portfolio investments (FPI), and external commercial borrowings (ECBs).
Appointments News
T.C.A. Kalyani Appointed as New CGA of India
- Ms. T.C.A. Kalyani, a 1991-batch ICAS officer, assumed charge as the 29th Controller General of Accounts (CGA), bringing over 34 years of experience in public financial management, digital governance, and service transparency.
- A Gold Medalist from LSR and a JNU scholar, she has led major reforms like the DBT for Fertilizers, MTNL’s digital transformation, and PSU revival efforts.
- As India’s chief accounting advisor, she will now steer financial accountability and digital innovation, while also marking a key milestone in women’s leadership in top fiscal roles.
President Appoints Permanent Judges in Kerala & Allahabad HC
- The President of India, in consultation with the Chief Justice of India, has appointed new judges to the Allahabad and Kerala High Courts, including the elevation of Additional Judges to Permanent Judges under Article 217 of the Constitution.
- Notable appointments include Arun Kumar as Judge of Allahabad HC and the permanent elevation of Justices Johnson John, G. U. Girish, and C. N. Pratheep Kumar in Kerala HC.
- These moves aim to reduce case backlogs, strengthen judicial capacity, and ensure timely justice in two key courts.
Air Marshal Sanjiv Ghuratia Appointed IAF Maintenance Head
- Air Marshal Sanjiv Ghuratia AVSM VSM has assumed charge as Air Officer-in-Charge Maintenance (AOM) at IAF Headquarters, bringing 37 years of distinguished service marked by technical excellence, global exposure, and decorated leadership.
- Commissioned in 1988, he holds advanced degrees, a doctorate, and multiple professional fellowships, and has served in roles including the UN Mission in Congo.
- On taking office, he honored fallen soldiers at the National War Memorial, reaffirming his deep respect for service.
Indian Army Departs For Yudh Abhyas 2025 in Alaska
- A contingent of the Indian Army has departed for Fort Wainwright, Alaska, to participate in Yudh Abhyas 2025 (Sept 1–14), the 21st edition of the annual India–US joint military exercise.
- Featuring the Madras Regiment and the US Army’s 1st Battalion, 5th Infantry “Bobcats”, the drill focuses on interoperability, arctic and mountain warfare, heliborne ops, UAS, and combat medical aid.
- Held in Alaska’s extreme terrain, the exercise underscores deepening strategic defence ties, multi-domain readiness, and joint preparedness for UN missions and future coalition operations.
Science & Technology News
Tiny Computer to Aid India’s Hunt for Cosmic Dawn Signals
- The Raman Research Institute (RRI) has developed a compact single-board computer (SBC) to power the PRATUSH mission, aiming to detect the faint 21-cm hydrogen signal from the Cosmic Dawn by placing the instrument on the radio-quiet far side of the Moon.
- This innovative, low-power SBC system has shown promising high sensitivity and noise reduction in tests, marking a major step in India’s efforts to explore the early universe and understand the formation of the first stars and galaxies.
Summits & Conferences News
China Pledges $2 Billion and AI Support at SCO Summit
- At the 2025 SCO Summit, China announced major pledges including a $2 billion grant and loans to member states, 100 local livelihood projects, and expanded scholarships and PhD programs to boost regional development and education.
- China also committed to setting up Luban Workshops and offering 10,000 vocational training opportunities over five years.
- A key highlight was the Tianjin Declaration on responsible AI development, with China showcasing AI innovations like the humanoid robot Xiao.
PM Modi Participated at 25th SCO Summit 2025 Tianjin
- At the 25th SCO Summit in Tianjin, PM Narendra Modi outlined India’s vision focused on three pillars: Security (combatting terrorism and radicalization), Connectivity (regional infrastructure and trade corridors like Chabahar Port and INSTC), and Opportunity (innovation and cultural exchange).
- He emphasized zero tolerance for terrorism, called for coordinated global action, and proposed a Civilizational Dialogue Forum to deepen people-to-people ties.
- Modi also supported SCO reforms targeting crime, drug trafficking, and cybersecurity, while backing global governance reforms including the UN.
SCO Tianjin Declaration Condemns Pahalgam Terror Attack
- At the 25th SCO Summit, the Tianjin Declaration strongly condemned the Pahalgam terror attack of April 22, 2025, expressing condolences and calling for justice against perpetrators and sponsors of terrorism.
- The declaration reaffirmed SCO’s united stance against terrorism, separatism, and extremism, rejecting double standards and emphasizing sovereign states’ roles in coordinated counter-terrorism efforts.
- Reflecting PM Narendra Modi’s call for zero tolerance and accountability, the declaration also urged enhanced intelligence sharing.
Sports News
Oscar Piastri Wins Dramatic 2025 Dutch Grand Prix
- The 2025 Dutch Grand Prix at Zandvoort saw Oscar Piastri claim a stunning win for McLaren, while teammate Lando Norris suffered a late-race mechanical failure, significantly impacting the title race.
- Isack Hadjar secured a surprise first F1 podium in 3rd, with standout drives from George Russell (4th) and Alexander Albon (5th from P15).
- Ollie Bearman impressed with a P6 finish from the pit lane.
- The race reshaped both the Drivers’ and Constructors’ Championships, with Mercedes closing in on Ferrari and Piastri extending his lead over Norris by 34 points.
Record ₹40 Cr for ICC Women’s World Cup 2025 Winners
- In a landmark move for women’s cricket, the ICC has announced a record-breaking prize of USD 4.48 million (₹39.55 crore) for the 2025 ICC Women’s World Cup winners, reflecting a 239% increase from 2022.
- With a total prize pool of USD 13.88 million, now 297% higher, the tournament—co-hosted by India and Sri Lanka from September 30—surpasses even the 2023 Men’s World Cup in financial rewards.
- This historic step signals a major push toward gender equality, enhanced investment in women’s cricket, and growing global recognition of the women’s game.
Starc Retires from T20Is to Focus on Tests & ODIs
- Mitchell Starc retires from T20 Internationals to focus on prolonging his career in Test and ODI formats.
- The 35-year-old Australian fast bowler, second-highest wicket-taker for Australia in T20Is with 79 wickets in 65 matches, made the decision six months ahead of the next T20 World Cup in India and Sri Lanka.
- Starc, who played in five of the six T20 World Cups and was pivotal in Australia’s 2021 title win, aims to stay fresh for upcoming key events like the Indian Test tour, the Ashes, and the 2027 ODI World Cup.
Important Days News
World Coconut Day 2025: Importance, Uses, and Celebration
- World Coconut Day, observed every September 2, celebrates the founding of the Asian Pacific Coconut Community (APCC), which promotes the global coconut industry across over 80 countries.
- India, the world’s third-largest coconut producer, plays a vital role, especially in states like Kerala and Tamil Nadu.
- Coconuts are valued for their nutritional benefits—rich in lauric acid, antioxidants, and natural electrolytes—and their economic importance, supporting millions through products like coconut oil, coir, and charcoal.
Current Affairs Today | 2 Sep Current Affairs 2025 | Daily Current Affairs By Ashish Gautam