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Current Affairs 3 September 2026
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NATIONAL AFFAIRS
MoSPI Releases National Accounts Statistics 2026 Publication
In August 2026, the Ministry of Statistics and Programme Implementation (MoSPI) released the ‘’National Accounts Statistics (NAS) – 2026’ publication adopting 2022-23 as the base year for national account estimates.
Highlights of NAS – 2026:
Estimate Updates: The publication presents a set of 60 statements based on the updated Final estimates for the Financial Year 2022-23 (FY23), FY24 and First Revised Estimate for FY25.
Data Coverage: The estimates cover macro-economic aggregates, production and value added, consumption and expenditure, savings and capital formation, public sector transactions, and external transactions, including key indicators such as GDP, National Income and others.
New Series: The revised estimates incorporate new series of:
- Producer Price Index (PPI)
- Index of Industrial Production (IIP)
- Banking Services Price Index (BkSPI) with base year 2022-23.
MoE Releases AISHE 2022-23 & 2023-24: India’s Higher Education Sector Records Significant Expansion Over A Decade
The Department of Higher Education (DoHE), Ministry of Education (MoE) released the 13th and 14th edition of All India Survey on Higher Education (AISHE) for 2022-23 and 2023-24, respectively, providing an evidence base for tracking developments and reforms in higher education, including those aligned with the National Education Policy (NEP) 2020.
- The AISHE reports highlighted that India’s higher education network has expanded significantly over the last 10 years, with the number of universities increasing from 760 (in 2014–15) to 1,289 in 2023–24 (+69.6%); number of colleges increasing from 38,498 to 48,246 (+25.3%); and standalone institutions increasing from 12, 276 to 15,221 institutions (+ nearly 24%).
- The data of the reports further showed that total enrolment in India’s higher education increased by 31.5%, from 3.42 crore students (in 2014-15) to 4.50 crore (in 2023-24).
Key Findings:
Total Enrolment: The data of the reports further showed that total enrolment in India’s higher education increased by 31.5%, from 3.42 crore students (in 2014-15) to 4.50 crore (in 2023-24).
- Over the last 10 years, Female enrolment increased by 42.2% i.e. from 1.57 crore (in 2014-15) to 2.24 crore (in 2023-24).
Gross Enrolment Ratio (GER): The GER is calculated as the ratio of student enrolment to total population in the age group of 18-23 years based on 2011 population projection.
Gender Parity Index (GPI): As per the data, GPI in higher education stood at 1.08 (in 2023–24). This is for the 7th consecutive year that GPI continues to be above 1.0, indicating more female participation than males in higher education.
VP C. P. Radhakrishnan Releases ‘Mission Rangeen Machhli 2031’ Strategic Action Plan in Lakshadweep
In September 2026, Vice President (VP) of India, C. P. Radhakrishnan released ‘Mission Rangeen Machhli 2031’, the Strategic Action Plan for Ornamental Fisheries Development, during the Fisheries Outreach Programme, organised by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying (MoFAHD), held at Agatti, Lakshadweep.
- The programme was attended by Union Minister Rajiv Ranjan Singh, MoFAHD ; Union Minister of State(MoS) Prof. S. P. Singh Baghel, MoFAHD and others.
About Mission Rangeen Machhli 2031:
Objective: The initiative provides a uniform framework for the organised growth of the ornamental fisheries sector through scientific management, biosecurity measures, quality assurance, and regulatory compliance.
Frameworks: The initiative is supported by Sustainable Harnessing of Fisheries in the Exclusive Economic Zone (EEZ) Rules, 2025 and the Guidelines for Sustainable Harnessing of Fisheries in the High Seas by Indian-Flagged Fishing Vessels, 2025.
Nodal Ministry: The programme is being organised by the Department of Fisheries (DoF) under the Ministry of Fisheries, Animal Husbandry and Dairying (MoFAHD).
FIFI and EICA Sign MoU to Accelerate Culinary Innovation and Food Trade in Eastern India
In August 2026, the Forum of Indian Food Importers (FIFI) and the Eastern India Culinary Association (EICA) signed a Memorandum of Understanding (MoU) to collaborate on culinary activities, industry outreach and the promotion of global food and beverage products, with a focus on eastern and north-eastern India.
- The MoU was signed by Rakesh Banga and Uday Chugh, Founder Directors of FIFI, and Chef Abhiru Biswas, President of EICA in Kolkata, West Bengal (WB).
Key Details of MoU:
Objective: The initiative aims to develop Eastern India as a hub for culinary innovation, food tourism, hospitality development and food and beverage trade engagement.
Culinary Activities: Promotes workshops, culinary competitions, food festivals, and chef engagement programmes while strengthening collaboration among chefs, food entrepreneurs, hospitality professionals, and global food industry stakeholders.
Promotion: The collaboration will provide opportunities for global food and beverage companies, FIFI members, and regional culinary communities to engage through product showcases, promotional activities, and chef-led events.
About FIFI: Established in August 2009 and based in New Delhi, Delhi, it is an apex non-profit body representing food importers, distributors, retailers, and international agri-boards in India.
NSHIPOL Gets In-Principle Nod for Rs. 24,700 Crore Shipbuilding Cluster in Odisha
In September 2026, The National Shipbuilding and Heavy Industries Park Odisha Limited (NSHIPOL) received in-principle approval for the proposed Rs. 24,700 crore shipbuilding and heavy industries cluster in Kendrapara, Odisha.
- The approval was granted under the Shipbuilding Development Scheme (SbDS) of the Ministry of Ports, Shipping and Waterways (MoPSW).
Highlights of Shipbuilding Cluster in Odisha:
Location: The proposed greenfield cluster will be developed along the northern bank of the Mahanadi River, opposite the Indian Farmers Fertiliser Cooperative Limited(IFFCO) plant at Paradip.
Infrastructure: The project includes shipyards with a capacity of ~1.2 million Gross Tonnage (GT) annually, spread across 2,000–2,500 acres with a 2–2.5 kilometer(km) waterfront.
Implementation: It will be implemented through a Special Purpose Vehicle (SPV) involving the Odisha Maritime Board (OMB) and Paradip Port Authority (PPA).
Ecosystem: The project will integrate manufacturing, marine equipment, and training facilities, and, based on Inter-Ministerial Group for Shipbuilding
( IMGB) recommendations, requires a Detailed Project Report (DPR) along with environmental and Coastal Regulation Zone (CRZ) clearances for final approval.
Expansion: The project will boost investment, employment, and maritime manufacturing, and, aligned with NITI Aayog, is expected to evolve into a shipbuilding hub with green technology and skill development.
Agnikawach Safety Launches ‘Agni Kawach’, India’s 1st Indigenous AI Platform to Strengthen Industrial Safety
In August 2026, Agnikawach Safety Solutions Private Limited launched ‘Agni Kawach’, India’s 1st indigenously developed Artificial Intelligence (AI)-powered safety platform, designed to build global industrial safety ecosystem.
About Agni Kawach Platform:
Integration: The platform integrates AI, Graphics Processing Unit (GPU)-native computing, adaptive-mesh Computational Fluid Dynamics (CFD), cloud delivery and risk modelling on a single safety platform, for faster risk analysis.
Ensure Industrial Safety: It provides safety against 8 major industrial hazards, including jet fire, pool fire, flash fire, explosions, Boiling Liquid Expanding Vapor Explosion (BLEVE)/fireball, toxic dispersion, cryogenic releases and structural domino effects.
Current Status: The prototype has already reached Technology Readiness Level (TRL-5).
Key Applications: The newly launched AI-enabled safety platform can be used across Green Hydrogen, Ammonia, Oil & Gas, Liquefied Natural Gas (LNG), Chemicals, Refineries, and other hazardous industries.
About Agnikawach Safety Solutions Pvt. Ltd.: Incorporated in June 2026, Agnikawach Safety Solutions Pvt. Ltd., headquartered in New Delhi, Delhi.
MoSPI Releases India’s Trial ISP for June 2026 for 19 Sub-Sectors
In August 2026, the Ministry of Statistics and Programme Implementation (MoSPI) released India’s trial Index of Services Production (ISP) for 19 sub-sectors, with 2024–25 as the base year, providing for the first time a monthly measure of short-term activity in the formal services sector.
About Index of Services Production (ISP):
Overview: ISP has been developed under the guidance of the Technical Advisory Committee on Index of Services Production (TAC-ISP), chaired by Debjani Ghosh, Distinguished Fellow of National Institution for Transforming India (NITI Aayog).
Data Sources: ISP is compiled using Goods and Services Tax (GST) data, administrative records for sectors such as railways, air transport, banking and insurance, and the Annual Survey of Incorporated Services Sector Enterprises (ASISSE).
Growth: In June 2026, 18 of 19 sub-sectors recorded positive year-on-year growth, while 8 sub-sectors posted double-digit growth; Air Transport was the only sub-sector to contract, declining 6%.
Top Sub-sectors: Real Estate with 24.7% Year-on-Year (Y-oY)growth rate, has emerged as the fastest-growing services sub-sector; followed by Retail Trade (18.0%), Wholesale Trade (15.1%), Administrative and Support Services (14.4%), Information Technology (IT) and Computer-related Services (13.5%).
INTERNATIONAL AFFAIRS
Türkiye becomes 71st country to join ‘Artemis Accords’ for space exploration
In September 2026, Türkiye officially became the 71st country to join the United States of America (USA)-led Artemis Accords that aimed to promote safe and peaceful exploration of the Moon, Mars and beyond.
- The framework was signed by Mehmet Fatih Kacir, Industry and Technology Minister of Türkiye, during the ceremony held at National Aeronautics and Space Administration (NASA) headquarters in Washington DC, the USA.
Key Details:
7th West Asian Country: Also, Türkiye became the 7th West Asian country to join the framework after the United Arab Emirates (UAE), Saudi Arabia, Bahrain, Oman, Jordan and Israel.
About Artemis Accord: The Artemis Accords was jointly launched by NASA and the US Department of State in 2020 with an aim of advancing bilateral and multilateral space cooperation between the signatories.
- It laid down the framework for the implementation of key obligations from the Outer Space Treaty (signed in1967).
- Artemis Accords are a set of non-binding bilateral principles designed to guide peaceful, safe, and sustainable civil space exploration.
SCCA and GCAI Sign MoU to Strengthen India-Singapore In-House Legal Collaboration
In August 2026, the Singapore Corporate Counsel Association (SCCA) and General Counsels’ Association of India (GCAI) signed a Memorandum of Understanding (MoU) to enhance cross-border legal collaboration and develop legal talent.
- The MoU was signed by Daniel Choo, President of SCCA and Dr. Sanjeev Gemawat and Dr. Akhil Prasad, Co-founders of GCAI, at Singapore Convention Week in Singapore.
About India-Singapore Legal MoU:
Objective: The partnership aims to promotes knowledge exchange, professional development and cross-border engagement among in-house counsel in India and Singapore.
Programme: A key initiative is a cross-border immersion programme by SCCA Academy providing practical exposure to legal technology, artificial intelligence, negotiation, and forensic investigations for students.
Coverage: The programme targets local and international law students, enabling interaction with experienced in-house counsel and industry experts to understand real-world legal challenges in corporate environments.
About GCAI: Established in March 2021 and headquartered in New Delhi(Delhi), GCAI is an in-house legal professionals’ body led by President C. V. Raghu.
BANKING & FINANCE
IPPB Marks 9th Foundation Day; Launches DakPay Sound Box & New Digital Platforms
On 1st September 2026, India Post Payments Bank (IPPB), under the Department of Posts (DoP), Ministry of Communication, celebrated its 9th Foundation Day (IPPB Day 2026) by launching the DakPay Sound Box for Merchants, Digital Insurance Technology Platform and Digital Mutual Fund Platform to expand access to digital payments, insurance and investment services.
- The initiatives reaffirm IPPB’s commitment to providing accessible, inclusive and technology-enabled financial services.
Key Details of Digital Initiatives:
DakPay Sound Box: It is specifically designed to simplify and strengthen daily digital payment acceptance for merchants.
Digital Insurance Technology Platform: This newly launched digital platform will offer a wide range of insurance solutions to customers by connecting them with Life, Health and General Insurance policies.
Digital Mutual Fund Platform: It is designed to provide customers with a simple, accessible and seamless digital investment experience.
Key Milestones: As of 31 March 2026, IPPB’s customer base reached 13.25 crore, of which 77% were rural customers and 49% were women. Total customer deposits stood at Rs 29,104 crore.
LIC Launches Two Non-Linked Insurance Plans ‘Bima Platinum and Jeevan Raksha’ on 70th Anniversary
On September 1 2026, the Life Insurance Corporation of India (LIC) launched two new non-linked, non-participating insurance plans: LIC Bima Platinum (Plan 770) and LIC Jeevan Raksha (Plan 894), on its 70th anniversary in Mumbai, Maharashtra, offering savings-linked and pure-risk coverage with fixed benefits.
- The plans were introduced by R. Doraiswamy, Chief Executive Officer (CEO) and Managing Director (MD) of LIC and will be available from September 7, 2026 through both online platforms and offline distribution channels across India.
About LIC Insurance Plans:
About LIC Bima Platinum (Plan 770): It is a Non-Participating (Non-Par), Non-Linked, Individual savings and protection plan with a limited premium payment structure.
- Assured: The minimum Basic Sum Assured (BSA) is Rs.3 lakh with no upper limit (subject to underwriting), available in multiples of Rs.10,000.
LIC Jeevan Raksha (Plan 894): It is a Non-Par, Non-Linked, Pure Risk Plan that provides financial protection to the insured’s family in case of death during the policy term.
- Assured: The BSA ranges from Rs.5 lakh to Rs.24 lakh, available in multiples of Rs.50,000 (Rs.5–7 lakh) and Rs.1 lakh (above Rs.7 lakh), subject to underwriting policy.
InsuranceDekho, RenewBuy Merge to Form India’s Largest AI-Enabled Insurance Distribution Platform
In September 2026, InsuranceDekho (Girnar Insurance Brokers Private Limited) and RenewBuy (D2c Insurance Broking Private Limited) merged to form India’s largest Artificial Intelligence (AI)-enabled insurance distribution platform, measured by Point of Sales Person (POSP)-driven premium generated in Financial Year 2025–26 (FY26).
About InsuranceDekho–RenewBuy Merger:
Leadership: The merged entity will operate under the InsuranceDekho brand and will be led by Ankit Agrawal as Chief Executive Officer (CEO).
Integration: The combined platform will integrate InsuranceDekho’s real-time insurance-plan recommendation tools with RenewBuy’s technology stack to support automated partner onboarding, digital policy issuance and AI-powered advisory services.
Multi-Insurer Ecosystem: The platform will function as an open multi-insurer ecosystem offering more than 750 insurance products from 52 insurers across motor, health, life, travel and commercial insurance segments.
Data: The platform has a premium book exceeding Rs 6600 crore and has facilitated the issuance of more than 2 crore insurance policies since inception, highlighting its scale and operational reach.
ECONOMY & BUSINESS
Vodafone Idea Onboards Shah Rukh Khan as Brand Ambassador, Unveils New Logo
On 1 September 2026, Vodafone Idea (Vi), India’s third-largest telecom services provider, onboarded Shah Rukh Khan as its brand ambassador and unveiled a refreshed brand identity, signalling a new phase of growth.
- The company also launched a new campaign titled “Vi badal raha hai… tayaar rahiye” (Vi is changing… Be ready), highlighting its transformation strategy.
Highlights of Vodafone Idea’s Brand Revamp:
Updation: The logo has been redesigned from “V!” to “Vi”, featuring a dynamic 3D sphere element symbolising evolution and innovation.
Campaign: The campaign reflects the company’s transition towards a more customer-centric and tech-driven identity.
Business Strategy: The move aligns with Vi’s “Vi 2.0” strategy, focusing on customer growth, revenue expansion, and improved financial performance.
About Vi: Established in 2018, is headquartered in Gandhinagar, Gujarat, and is led by Chief Executive Officer (CEO) Abhijit Kishore.
- Vi reported over 2.4 lakh customer additions in July 2026, marking its highest monthly gain in two years and continued growth momentum.
Adani Energy Solutions Tops Global Utilities ESG Rankings by S&P Global
On September 1 2026, Adani Energy Solutions Limited (AESL) achieved the highest Environmental, Social and Governance (ESG) score of 90 globally in the utilities sector, as assessed by S&P Global through its Media and Stakeholder Analysis review, far surpassing the industry average of 41.
- The ESG score of AESL improved from 81 to 90 following governance-related assessment corrections, reflecting enhanced transparency, compliance, and stakeholder engagement.
About ESG Achievement:
Assessment: The Corporate Sustainability Assessment (CSA) score also rose by 17 points year-on-year to 90, reflecting improved disclosure practices and strong sustainability reporting standards.
Features: AESL recorded strong performance across ESG pillars with Environmental score of 93, Social score of 89, and Governance & Economic score of 84, all significantly above industry averages.
Drivers: Key contributing factors included Product Stewardship, Climate Strategy, and Human Capital Management, which strengthened environmental responsibility, workforce development, and governance frameworks.
About AESL: It is chaired by Gautam Adani and headquartered in Ahmedabad, Gujarat, having been incorporated on December 9, 2013 as Adani Transmission Limited before its demerger from Adani Enterprises in 2015 and rebranding in July 2023.
APPOINTMENTS & RESIGNATIONS
RBI Appoints Suman Ray as Executive Director
On 1 September 2026, the Reserve Bank of India (RBI) appointed Suman Ray as Executive Director (ED) with effect from the same date.
- Prior to his promotion, he served as Regional Director for Maharashtra, reflecting his extensive experience within the central bank.
About Suman Ray:
Career: Suman Ray is a career central banker with over 30 years of experience in areas like Currency Management, Financial Inclusion, Payment Systems, Consumer Protection, and Human Resources (HR).
Previous Role: Before elevation, he served as Regional Director (Maharashtra) and also worked as Secretary to the Western Area Local Board of RBI.
Responsibility: He will oversee the Deposit Insurance and Credit Guarantee Corporation (DICGC) and the Premises Department.
About RBI: Established on 1 April 1935 under the Reserve Bank of India Act, 1934, and is headquartered in Mumbai(Maharashtra), with Sanjay Malhotra as its current Governor.
SCIENCE & TECHNOLOGY
Russia Test-Fires ‘RS-24 Yars Mobile ICBM’ in 6,700 km Strategic Launch
In August 2026, Russia successfully conducted a test launch of the mobile, solid-fuel RS-24 Yars Intercontinental Ballistic Missile (ICBM) from the Plesetsk Cosmodrome, Arkhangelsk Oblast, Russia.
- The missile travelled over 6,700 kilometer(km) and delivered training warheads to the Kura Test Range in the Kamchatka region, Russia.
About RS-24 Yars ICBM:
Overview: It is a solid-fuel, three-stage, nuclear-capable ICBM designed to strengthen Russia’s land-based strategic nuclear forces and is deployed in both road-mobile launchers and silo-based configurations.
Validation: The Strategic Missile Forces (SMF) conducted the launch as part of an exercise to validate the missile system’s tactical, technical, and flight performance characteristics.
Features: Equipped with Multiple Independently Targetable Re-entry Vehicles (MIRVs), the RS-24 Yars enables multiple warhead deployment, along with mobile launch capability and a long strike range exceeding 10,000 km.
Significance: The RS-24 Yars enhances Russia’s nuclear deterrence capability by replacing older systems like the RS-12M Topol with mobile deployment and improved survivability.
BOOKS & AUTHORS
Justice H.N. Nagamohan Das’s Books Released in Shivamogga, Karnataka
On 31 August 2026, Karnataka Minister for School Education and Literacy Madhu Bangarappa released the Kannada and English editions of Memorable Trials, Unforgettable Cases, authored by H. N. Nagamohan Das (Former Karnataka High Court Judge), in Shivamogga, Karnataka
- The book was published by Jana Prakashana, focusing on constitutional awareness and judicial experiences.
Highlights of the Book Release Event:
Content: The book presents notable judicial trials handled by the author, offering insights into legal processes while highlighting justice, rule of law, and constitutional principles in governance.
Objective: It aims to promote awareness and understanding of the Constitution of India, especially among school students, in line with broader civic education efforts.
Outreach: The work also supports initiatives like Samvidhana Odu (Read the Constitution), encouraging the integration of constitutional values into school education and public discourse.
IMPORTANT DAYS
National Nutrition Week 2026 – September 1–7
National Nutrition Week (NNW) is annually observed across India from 1–7 September to promote awareness about balanced diets, healthy eating habits, and nutrition for better health outcomes.
Background:
Origin: NNW was introduced in 1975 by the American Dietetic Association, now known as the Academy of Nutrition and Dietetics.
Launch: NNW has been celebrated since 1982 by the Food and Nutrition Board (FNB) under the Ministry of Women and Child Development (MWCD).
- FNB functioned as a technical wing of MWCD, supporting community nutrition programmes. The MoWCD dissolved FNB as part of administrative reforms to improve efficiency.
First Observance: The first NNW was conducted from 1–7 September 1982.
Leadership: The initiative is spearheaded by the Ministry of Women and Child Development (MoWCD).
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Current Affairs Today (AffairsCloud Today)
| Current Affairs 3 September 2026 |
|---|
| MoSPI Releases National Accounts Statistics 2026 Publication |
| MoE Releases AISHE 2022-23 & 2023-24: India’s Higher Education Sector Records Significant Expansion Over A Decade |
| VP C. P. Radhakrishnan Releases ‘Mission Rangeen Machhli 2031’ Strategic Action Plan in Lakshadweep |
| FIFI and EICA Sign MoU to Accelerate Culinary Innovation and Food Trade in Eastern India |
| NSHIPOL Gets In-Principle Nod for Rs. 24,700 Crore Shipbuilding Cluster in Odisha |
| Agnikawach Safety Launches ‘Agni Kawach’, India’s 1st Indigenous AI Platform to Strengthen Industrial Safety |
| MoSPI Releases India’s Trial ISP for June 2026 for 19 Sub-Sectors |
| Türkiye becomes 71st country to join ‘Artemis Accords’ for space exploration |
| SCCA and GCAI Sign MoU to Strengthen India-Singapore In-House Legal Collaboration |
| IPPB Marks 9th Foundation Day; Launches DakPay Sound Box & New Digital Platforms |
| LIC Launches Two Non-Linked Insurance Plans ‘Bima Platinum and Jeevan Raksha’ on 70th Anniversary |
| InsuranceDekho, RenewBuy Merge to Form India’s Largest AI-Enabled Insurance Distribution Platform |
| Vodafone Idea Onboards Shah Rukh Khan as Brand Ambassador, Unveils New Logo |
| Adani Energy Solutions Tops Global Utilities ESG Rankings by S&P Global |
| RBI Appoints Suman Ray as Executive Director |
| Russia Test-Fires ‘RS-24 Yars Mobile ICBM’ in 6,700 km Strategic Launch |
| Justice H.N. Nagamohan Das’s Books Released in Shivamogga, Karnataka |
| National Nutrition Week 2026 – September 1–7 |
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