Daily Current Affairs 05 September 2026: Important GK Updates for UPSC, SSC, Banking & Railways Exams
This Daily Current Affairs 05 September 2026 article covers the 31-member JPC on the FCRA Amendment Bill, ISRO's EOS-05 geosynchronous imaging satellite, the 26th SCO Summit and Lahore's cultural-capital designation, India's RAKSHA defence diplomacy roadmap, and the India-Canada CAD 70 billion trade target. It also includes exam-ready quick-fact cards, current affairs one-liners and FAQs for UPSC, SSC, Banking, Insurance, Railways, Defence and State PSC examinations.
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Introduction to Current Affairs 05 September 2026
The Current Affairs of 05 September 2026 feature several high-value developments for competitive examinations, led by the FCRA Amendment Bill JPC, ISRO's EOS-05 mission, the 26th SCO Summit, India's RAKSHA Defence Diplomacy Framework, and the India-Canada plan to raise bilateral trade to CAD 70 billion. Science, health, defence, banking and international relations are especially important in today's revision.
Aspirants preparing for UPSC, SSC, Banking, Insurance, Railways, Defence and State PSC examinations can use this consolidated daily current affairs update to revise both headline developments and the static facts commonly converted into objective questions.
National Current Affairs
31-Member JPC Constituted to Examine FCRA Amendment Bill, 2026
Why in News: On 03 September 2026, Lok Sabha Speaker Om Birla constituted a 31-member Joint Parliamentary Committee to examine the Foreign Contribution (Regulation) Amendment Bill, 2026, with BJP MP Sanjay Jaiswal as Chairperson.
Quick Facts
- Committee strength: 31 members — 21 from Lok Sabha and 10 from Rajya Sabha.
- Chairperson: Sanjay Jaiswal.
- FCRA framework is administered by the Ministry of Home Affairs.
- The current principal law is the Foreign Contribution (Regulation) Act, 2010.
Key Highlights
- The committee will conduct detailed scrutiny of proposed changes governing foreign contributions.
- The amendments focus on transparency, accountability and regulatory oversight of foreign funding.
- The JPC is expected to report by the first week of Parliament's Winter Session.
- A JPC is an ad-hoc parliamentary committee created for a specific Bill or issue and ceases after completing its mandate.
Supreme Court Hosts BRICS Chief Justices' Forum in New Delhi
Why in News: The Supreme Court of India is hosting the BRICS Chief Justices' Forum in New Delhi from 4-6 September 2026, bringing together Chief Justices, Supreme Court presidents and senior judicial leaders from BRICS members and partner countries.
Quick Facts
- Venue: New Delhi.
- Dates: 4-6 September 2026.
- Host institution: Supreme Court of India.
- India's judicial engagement is led by Chief Justice Justice Surya Kant.
Key Highlights
- Discussions cover artificial intelligence and the judiciary.
- Mediation and international commercial disputes are important themes.
- Participants are examining cross-border enforcement of arbitral awards.
- Judicial leadership and sustainable development also form part of the agenda.
Government Schemes
Health Ministry Advances SUMAN Roadmap 2030 for Maternal and Newborn Care
Why in News: The Ministry of Health and Family Welfare organised a national workshop on the SUMAN Roadmap 2030 in Lucknow on 2-3 September 2026 to accelerate efforts towards zero preventable maternal and newborn deaths.
Quick Facts
- SUMAN stands for Surakshat Matritva Ashwasan.
- Target year: 2030.
- Section A covers 13 high-focus states and 130 districts.
- SDG 3.1 targets a global MMR below 70 per 100,000 live births by 2030.
Key Highlights
- The roadmap seeks zero preventable maternal and newborn deaths through a stronger continuum of care.
- New Birth Waiting Home guidelines were released to support safe delivery in remote regions.
- Focus areas include pre-pregnancy care and management of high-risk pregnancies.
- State innovations highlighted included SUMAN Panchayat, SUMAN Sakhi Chatbot and maternal-health war-room models.
International Current Affairs
26th SCO Summit Held in Bishkek; Lahore Named Tourism and Cultural Capital
Why in News: The 26th SCO Council of Heads of State Summit was held in Bishkek, Kyrgyzstan, from 31 August-1 September 2026. The summit marked the SCO's 25th anniversary, adopted the Bishkek Declaration and designated Lahore as SCO Tourism and Cultural Capital for 2026-27.
Quick Facts
- Host country: Kyrgyzstan; summit chaired by President Sadyr Japarov.
- India was represented by Prime Minister Narendra Modi.
- SCO was established in 2001 and is headquartered in Beijing.
- Pakistan assumed the SCO presidency for 2026-27.
- Lahore is the SCO Tourism and Cultural Capital for 2026-27.
Key Highlights
- The summit adopted the Bishkek Declaration and approved 28 documents.
- English was recognised as an official and working language of the SCO.
- Issues covered climate, energy conservation, anti-narcotics cooperation, nuclear safety and emergency assistance.
- Pakistan's presidency theme is “Turning Vision into Action: Connectivity, Innovation and Shared Prosperity”.
India and Canada Target CAD 70 Billion Bilateral Trade by 2030
Why in News: India and Canada held their annual Foreign Office Consultations in New Delhi on 2 September 2026 and set a target to expand bilateral trade to CAD 70 billion by 2030.
Quick Facts
- Trade target: CAD 70 billion by 2030.
- Venue: New Delhi.
- Indian delegation: led by Rudrendra Tandon, Secretary (East).
- Canadian delegation: led by Arun Thangaraj, Deputy Minister of Foreign Affairs.
Key Highlights
- Both sides aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026.
- They expressed readiness to begin negotiations on a bilateral investment treaty.
- The consultations sought to rebuild and deepen strategic and economic engagement.
- An economic and financial dialogue has also strengthened institutional-level cooperation.
Economy & Banking
GIFT IFSC Banking Units Record USD 52.82 Billion FCNR(B) Disbursals
Why in News: Banking units operating in GIFT IFSC disbursed USD 52.82 billion out of USD 54.02 billion sanctioned under the Reserve Bank of India's special foreign-currency mobilisation facility as of 31 August 2026.
Quick Facts
- GIFT IFSC disbursals: USD 52.82 billion.
- Total amount sanctioned: USD 54.02 billion.
- Participating IFSC Banking Units: 20.
- FCNR(B) means Foreign Currency Non-Resident (Bank) account.
- IFSCA is headquartered in Gandhinagar, Gujarat.
Key Highlights
- Total FCNR(B) deposits raised under the RBI facility reached USD 127.23 billion.
- GIFT IFSC units funded about 41% of these deposits.
- IFSC Banking Units also disbursed USD 11.62 billion through external commercial borrowings between April and August.
- The RBI facility supports foreign-currency inflows through FCNR(B), ECB and overseas foreign-currency borrowings.
Science & Technology
ISRO Launches EOS-05 Aboard GSLV-F17
Why in News: On 4 September 2026, the Indian Space Research Organisation successfully launched EOS-05 aboard GSLV-F17 from Sriharikota, marking the first Indian imaging satellite designed for operation from geosynchronous orbit.
Quick Facts
- Satellite: EOS-05, an Earth observation spacecraft.
- Launch vehicle: GSLV-F17.
- Launch site: Satish Dhawan Space Centre, Sriharikota.
- Satellite mass: approximately 2,367 kg.
- GSLV-F17 marked the 19th flight of India's GSLV.
Key Highlights
- EOS-05 strengthens India's capacity for continuous monitoring of large geographical areas.
- The spacecraft supports visible, infrared, multispectral and hyperspectral observation capabilities.
- GSLV-F17 is a three-stage launch vehicle using an indigenous cryogenic upper stage.
- The mission represents a major milestone in India's geosynchronous Earth-observation programme.
NIELIT and Intel India Launch Agentic AI Skilling Initiative
Why in News: On 3 September 2026, NIELIT and Intel India launched Agentic AI Skilling Programmes during a National Leadership Dialogue in New Delhi to prepare workers for AI systems capable of reasoning, planning and execution.
Quick Facts
- NIELIT functions under the Ministry of Electronics and Information Technology.
- Programme launched in New Delhi.
- Key tracks: Agentic AI for Everyone and Engineering Agentic AI Systems.
- NIELIT was formerly known as the DOEACC Society.
Key Highlights
- Agentic AI for Everyone focuses on AI agents, workflow automation and no-code platforms.
- Engineering Agentic AI Systems covers low-code and code-based design and deployment.
- The programme emphasises reasoning, planning and execution under human oversight.
- It promotes government-academia-industry collaboration for a future-ready AI workforce.
BIO-NIVESH Launched to Connect Biotechnology Startups with Investors
Why in News: Union Minister of State Dr Jitendra Singh launched BIO-NIVESH in New Delhi as a platform designed to connect biotechnology and deep-tech startups with investors and increase private capital for innovations ready for scale-up and commercialisation.
Quick Facts
- Platform: BIO-NIVESH.
- Launched by: Dr Jitendra Singh.
- Inaugural edition involved 20 startups.
- Around 50 investors participated in the first edition.
Key Highlights
- The platform connects science, capital, industry and markets.
- Startups are assessed for innovation, development stage, market potential and scalability.
- BIO-NIVESH is designed as a two-way engagement mechanism, not merely a pitching event.
- Investors gain greater understanding of biotechnology's scientific, regulatory and development pathways.
Environment
Karnataka Launches Cloud-Seeding Programme to Address Rainfall Deficiency
Why in News: The Karnataka government launched a cloud-seeding programme with an estimated expenditure of around Rs 28.52 crore to address rainfall deficiency and water-related concerns in parts of the state.
Quick Facts
- Estimated expenditure: about Rs 28.52 crore.
- Cloud seeding is a weather-modification technique.
- Implementation requires suitable atmospheric and cloud conditions.
- The state has formed committees for implementation and monitoring.
Key Highlights
- Suitable clouds are targeted to encourage precipitation using specialised equipment or aircraft.
- The programme is intended to support water availability and agriculture.
- Cloud seeding does not itself guarantee rainfall.
- Its effectiveness depends strongly on prevailing cloud and atmospheric conditions.
Defence
India Releases RAKSHA 10-Year Defence Diplomacy Framework
Why in News: Defence Minister Rajnath Singh released the RAKSHA document in New Delhi on 3 September 2026, outlining India's defence diplomacy vision and international partnership strategy for the next 10 years.
Quick Facts
- Document: RAKSHA.
- Released by Defence Minister Rajnath Singh.
- Strategic horizon: 10 years.
- Focus region includes the Indian Ocean Region.
Key Highlights
- Core pillars include strategic partnerships, capacity building, indigenous exports and maritime security.
- The framework seeks stronger bilateral and multilateral defence cooperation.
- It supports India's role as a Net Security Provider and First Responder in the Indian Ocean Region.
- The strategy aligns defence diplomacy with Make in India and India's wider foreign-policy objectives.
KSSL and Thales Partner to Manufacture 70-mm Rocket Systems in India
Why in News: Kalyani Strategic Systems Limited and France-based Thales signed a strategic alliance to establish Indian production capability for unguided and laser-guided variants of Thales' 70-mm rocket systems.
Quick Facts
- KSSL is a wholly owned defence subsidiary of Bharat Forge.
- Partner: France-based defence company Thales.
- System class: 70-mm combat rocket systems.
- First fully assembled India-made system is expected in early 2027.
Key Highlights
- The partnership covers unguided and laser-guided rocket variants.
- KSSL will contribute local manufacturing and testing capabilities.
- The rockets can support counter-drone and other multi-role missions.
- The systems are compatible with platforms including the Advanced Light Helicopter and Light Combat Helicopter.
DRDO and University of Hyderabad Patent BAM-H24 Rocket Propellant Fuel
Why in News: On 4 September 2026, the DRDO and University of Hyderabad secured a patent for BAM-H24, a next-generation energetic material designed for advanced solid rocket propulsion applications.
Quick Facts
- Material: BAM-H24.
- Developed with the Advanced Centre of Research in High Energy Materials at the University of Hyderabad.
- DRDO was established in 1958.
- University of Hyderabad was established in 1974.
Key Highlights
- BAM-H24 is a boron-, hydrogen- and nitrogen-rich energetic compound.
- It is designed to deliver high-energy performance in solid rocket propulsion.
- The material shows strong chemical and thermal stability.
- Its resistance to impact and friction is intended to improve handling and storage safety.
Current Affairs One-Liners
Quick Revision
- FCRA Amendment Bill → Sanjay Jaiswal heads 31-member JPC → 21 Lok Sabha and 10 Rajya Sabha members.
- BRICS Chief Justices' Forum → hosted by Supreme Court of India → New Delhi, 4-6 September 2026.
- SUMAN Roadmap 2030 → targets zero preventable maternal and newborn deaths → focuses on 13 states and 130 districts.
- 26th SCO Summit → held in Bishkek → adopted Bishkek Declaration and 28 documents.
- SCO Tourism and Cultural Capital → Lahore → designated for 2026-27.
- India-Canada trade target → CAD 70 billion → targeted by 2030 following Foreign Office Consultations.
- India-Belgium relations → PMs Narendra Modi and Bart De Wever held talks → defence, trade and clean energy prioritised.
- BTTF-Premiere Vision MoU → strengthens India-France fashion collaboration → promotes design-led exports, sustainability and premium sourcing networks.
- Falkland Islands dispute → Argentina renewed sovereignty claim → islands are called Malvinas by Argentina.
- Giorgia Meloni → achieved longest continuously serving Italian PM tenure in postwar history → congratulated by PM Narendra Modi.
- Nepal missing-person identification → India offers DNA profiling to first-degree relatives → CFSL, state FSL and NFSU laboratories involved.
- GIFT IFSC → USD 52.82 billion FCNR(B)-linked disbursals → 20 IFSC Banking Units participated.
- Zerodha Corporate Advisors → received SEBI merchant-banking registration → became India's 249th registered merchant banker.
- Axis Bank-Scapia card → travel-focused co-branded credit card → issued on Mastercard and RuPay networks.
- ICICI Bank → acquired additional 2% in ICICI Prudential Life → transaction valued around Rs 1,470 crore.
- Carol Furtado → RBI approved her as interim MD and CEO of Ujjivan Small Finance Bank → three-month tenure.
- NABARD-IMD MoU → integrates meteorological information → supports climate-resilient agriculture and data-driven rural finance.
- ISRO EOS-05 → launched aboard GSLV-F17 → India's first imaging satellite from geosynchronous orbit.
- NIELIT-Intel initiative → launches Agentic AI skilling → covers no-code, low-code and code-based AI-agent development.
- BIO-NIVESH → launched by Dr Jitendra Singh → inaugural edition connected 20 startups with around 50 investors.
- RAKSHA framework → India's 10-year defence diplomacy roadmap → strategic partnerships, capacity building, exports and maritime security.
- KSSL-Thales alliance → local manufacture of 70-mm rockets → first fully assembled Indian system expected in early 2027.
- BAM-H24 → patented by DRDO and University of Hyderabad → next-generation solid rocket propellant energetic material.
- Ahuti Mk II → Indian multirotor interceptor recorded 498 kmph → developed by Apollyon Dynamics.
- Autonomous weapon systems → increasingly use AI, sensors and robotics → human control, accountability and ethics remain major concerns.
- Karnataka cloud seeding → estimated cost Rs 28.52 crore → programme addresses rainfall deficiency and water concerns.
- OSDMA → signed MoUs with UNDP and CivicDataLab → disaster-risk assessment and data platforms cover all 30 Odisha districts.
- BPCL-CSE MoU → focuses on biofuels and circular economy → covers compressed biogas, biomass supply chains and waste-to-resource solutions.
- GeM-Textiles Committee MoU → creates Waste-to-Value-to-Market ecosystem → promotes government procurement of recycled and upcycled textiles.
- NHAI Green Highways Awards → Chilakaluripet Bypass won Avenue Plantation first prize → plantation survival rate received highest evaluation weightage.
- Kerala Coconut Park → planned with Coconut Development Board → focuses on processing, branding, exports and value addition.
- Ramon Magsaysay Awards 2026 → Tommy Koh, Runa Khan and Bo Kyi → winners of the 68th awards.
- Smriti Mandhana → became women's international cricket's leading run-scorer → surpassed Mithali Raj's career tally.
- Tamil Nadu → plans Olympic City and Motor Sports City → aims to develop international-standard sports infrastructure.
- National Sports Day → observed on 29 August → commemorates hockey legend Major Dhyan Chand's birth anniversary.
- Ülle Madise → elected President of Estonia → will serve a five-year term from 12 October 2026.
- Jeetendra Mishra → appointed first CEO of Shri Ram Janmabhoomi Teerth Kshetra Trust → retired Air Marshal.
- Konda Surekha → removed from Telangana Council of Ministers → decision followed recommendation of Chief Minister A. Revanth Reddy.
- Gaurang Vyas → veteran Gujarati composer died at 87 → contributed music to more than 100 films.
- Cassandra Wilson → two-time Grammy-winning jazz singer died at 70 → noted for blending jazz, blues, folk and R&B.
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Frequently Asked Questions
Who is heading the Joint Parliamentary Committee on the FCRA Amendment Bill, 2026?
What is EOS-05 and why is the GSLV-F17 mission important?
Which city was named the SCO Tourism and Cultural Capital for 2026-27?
What is the main objective of the SUMAN Roadmap 2030?
What is the RAKSHA defence diplomacy framework?
What bilateral trade target have India and Canada set for 2030?
What is BAM-H24?
What is Agentic AI and which organisations launched an Agentic AI skilling initiative in India?
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