TODAYS TOP NEWS
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1. The President Smt Droupadi Murmu said that, the banking industry plays a pivotal role in country’s growth story. The President was speaking at the 120th foundation day celebrations of City Union Bank at Chennai in Tamil Nadu.
2. Prime Minister Narendra Modi has said that India is creating a robust semiconductor ecosystem which will make the nation self-reliant and globally competitive. He said, while addressing the gathering after inaugurating the Semicon India-2025 in New Delhi yesterday. The three-day Conference, which began yesterday will focus on advancing a robust, resilient, and sustainable semiconductor ecosystem in the country.
3. PM Modi virtually launched Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited. Jeevika Nidhi aims to provide easy access to funds at affordable interest rates to community members associated with Jeevika.
4. Union Minister of Textiles Giriraj Singh launched Kapas Kisan app to facilitate seamless procurement of cotton from farmers under the Minimum Support Price scheme.
5. Telangana CM A Revanth Reddy announced Rs 5 lakh ex-gratia for families of rain victims and compensation for farmers who lost cattle. Officials reported crop damage on 2.36 lakh acres.
6. Vande Bharat Sleeper train launch: Indian Railways (IR) is likely to roll out the country’s first Vande Bharat Sleeper train this month. With a focus on comfort, speed and latest technology, the Vande Bharat Sleeper trains have been planned for long and medium distance journey.
7. Investor Education and Protection Fund Authority (IEPFA) launched Phase II of its flagship program Niveshak Didi in Hyderabad, focusing on women-led financial literacy in rural India.
This “for women, by women” initiative empowers underserved women to educate peers on digital banking, fraud prevention, and smart investments.
8. On 01 September 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.
9. The Tamil Nadu government on Monday (September 1, 2025) inked some memoranda of understanding (MoUs) in Germany, including the one with the Munich-headquartered Knorr-Bremse, during Chief Minister M.K. Stalin’s ongoing visit to the European nation.
10. On 01 September 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.
11. Telangana government has formed a committee for formulation of Telangana Education Policy as a guiding document for ‘TelanganaRising 2047’, keeping in view the National Education Policy (NEP) 2020 and the specific education needs and aspirations of the State. A memo on this was issued by the Education department’s Secretary Yogita Rana on August 29. The Committee was requested to submit its report by October 30.
12. The Agricultural and Processed Food Products Export Development Authority (APEDA) launched its new initiative, BHARATI, to boost India’s agri-food exports. Union Minister for Commerce and Industry, Piyush Goyal, chaired the meeting along with Union Minister of Food Processing Industries, Chirag Paswan and the UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, in New Delhi.
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LEGAL REPORT
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1. 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.
2. Telangana Govt. Issues G.O. Entrusting Kaleshwaram Lift Irrigation Project to the Central Bureau of Investigation (CBI). The Commission of Inquiry submitted its report to the State government on 31 July 2025 identifying several lapses and irregularities that warrant serious criminal action;
3. Bharat Rashtra Samithi (BRS) president and former Telangana Chief Minister K. Chandrasekhar Rao on Tuesday (September 2, 2025) suspended his daughter and BRS legislator K. Kavitha from the party for her “anti-party activities”, a day after her open outbursts against party leaders T. Harish Rao and J. Santosh Rao.
(a) BRS party MLC and Telangana Jagruti president Kalvakuntla Kavitha blamed BRS MLA and former Irrigation Minister T. Harish Rao and her cousin Joginapally Santosh Rao as the men behind former Chief Minister K. Chandrashekar Rao (KCR) being ‘framed’ in the P.C. Ghose Commission of Inquiry on Kaleshwaram project.
4. Hundreds of outsourcing employees of the Telangana Model Schools staged a massive protest over their unpaid salaries at the Directorate of School Education on Tuesday. According to the protesters, the government has not paid their salaries for the last six months. Currently, 194 Model Schools employ 776 outsourcing employees.
5. The Supreme Court on Tuesday, 2 September, dismissed the antitrust regulator Competition Commission of India’s (CCI) appeal against a Delhi High Court order related to the patents of telecom major Ericsson and agrichemical giant Monsanto.
6. The Supreme Court on Monday dismissed a public interest litigation (PIL) filed against the rollout of 20% Ethanol-Blended Petrol (E20), which argued that consumers were not given the option to choose ethanol-free fuel.
7. The Directorate of Enforcement (ED) on Tuesday (September 2, 2025) launched a search operation across 10 locations — nine in Delhi and one in Pune, Maharashtra — in connection with an alleged bank fraud case involving Gupta Exim India Private Ltd. (GEIPL).
——- MISHAPS————
1. In Uttarakhand, landslides triggered by heavy rain have blocked several connecting roads, including national highways and rural routes, causing severe inconvenience to people in the hilly regions.
2. Heavy rains continued across several parts of North India, causing landslides and disrupting normal life in Jammu and Kashmir, Himachal Pradesh, Punjab, Uttarakhand, and Delhi-NCR. The government is actively involved in relief and rehabilitation efforts, with rescue operations underway in affected regions.
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FINANCE
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INDIAN RUPEE VALUE
USD ₹ 88(Approx)
💷 GBP ₹118(Approx)
€ Euro : ₹ 102 Approx)
🇨🇳 China Yuan ¥ : ₹ 12
🇦🇪 UAE Dirham : ₹ 24
🇵🇰 Pak Rupee : ₹ 0.30
🇧🇹 Bhutan ngultrum : ₹ 1.00
🇧🇩 B’desh Taka* : ₹ 0.70
🇱🇰 Sri Lanka Rupee : ₹ 0.29
🇳🇵 Nepal Rupee : ₹ 0.63
🇲🇻 Maldives Rufiya : ₹ 5.55
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BSE SENSEX
80,157.88 −206.61 (0.26%)🔻
NIFTY
24,579.60 −45.45 (0.18%)🔻 —————————————
Rates in Financial Capital Mumbai
GOLD : ₹ 1,06,100/ 10gm (24 krt)
SILVER : ₹ 1,26,200/KG
1. The President of India, Smt Droupadi Murmu graced the 120th foundation day celebrations of City Union Bank at Chennai, Tamil Nadu yesterday (2 September 2025).
2. The 56th Meeting of the GST Council will begin in New Delhi today. Union Finance Minister Nirmala Sitharaman will chair the two-day meeting.
3. Rs 2000 notes worth Rs 5,956 crore still in circulation: RBI, The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on 19 May 2023.
4. Yes Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of R Gandhi, former RBI Deputy Governor, as the part-time non-executive chairman. His term will extend from 20 September 2025, to 13 May 2027.
5. 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.
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ENTERTAINMENT NEWS
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1. Actor Akshay Kumar is shooting for his upcoming film Haiwaan with director Priyadarshan and actor Saif Ali Khan in Kerala. On Monday, the actor was spotted visiting the Guruvayur temple.
2. The Directorate of Revenue Intelligence (DRI) has imposed a penalty of ₹102 crore on Kannada actress Ranya Rao in connection with a large-scale gold smuggling case that came to light earlier this year.
Rao was arrested on March 3 after she attempted to bring 14.2 kilograms of gold from Dubai into the country through Kempegowda International Airport. The seizure was one of the biggest in recent months and rattled both the film industry and business community in Karnataka.
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DEFENCE News
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1. The 14th edition of the India–Thailand joint military exercise, MAITREE-XIV, commenced on Monday (September 1, 2025) with a ceremonial opening at the Joint Training Node, Umroi in Meghalaya. The exercise will run from September 1 to 14.
2. The 21st edition of the India–USA joint military exercise Yudh Abhyas 2025 commenced in Fort Wainwright, Alaska. Scheduled from 1st to 14th September 2025, this exercise involves troops from the Indian Army’s Madras Regiment and the US 1st Battalion, 5th Infantry Regiment Bobcats of the Arctic Wolves Brigade Combat Team, 11th Airborne Division.
3. Indian Navy ships INS Tir, INS Shardul, and Indian Coast Guard ship ICGS Sarathi, comprising the First Training Squadron (1TS), arrived at Port Victoria, Seychelles, on Monday (September 1, 2025) as part of their long-range training deployment in the South West Indian Ocean Region.
4. Indian Naval warships INS Tamal and INS Surat concluded their port call at Jeddah, Saudi Arabia on 30 Aug 2025. The ships participated in a Passage Exercise with RSNF Corvette HMS Jazan and thereafter continued with their planned deployment.
5. Air Commodore Venkateshwaran Krishna Kumar has assumed the command of Air Force Station Bani Camp, Najafgarh, as the Air Officer Commanding on 01 September 2025.
6. The Department of Ex-Servicemen Welfare and Patanjali Yoggram signed a historic agreement under the Ex-Servicemen Contributory Health Scheme (ECHS). With this agreement, ex-servicemen and their families will now avail free treatment at Patanjali from yoga, Ayurveda, and naturopathy, without any cost constraint. A total of almost 6 million beneficiaries are likely to benefit from this move.
03 Sep (Wednesday)
Vedic Ritu/ Varsha
Drik Ritu : Sharad
पक्ष :: Shuklapaksh
(In Purnimanta calendar)
Vikram Samvat – 2082
Month : Bhadrapada 25
(In Amanta calendar)
Shaka Samvat – 1947
Month :Bhadrapada 11
Tithi : Ekadashi
Nakshatra: Purva Ashadha (up to 11:08 pm)
Rahu : 12:26 PM – 01:59 PM
Yamaganda : 07:46 AM – 09:19 AM
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