03 September 2026 | English | FREE Current Affairs PDF

03 September 2026 Current Affairs PDF | English is now available for download. This daily current affairs English PDF is specially prepared for Banking, SSC, and TNPSC examinations, covering all exam-relevant national, international, economy, and banking updates in a clear and structured format. 03 September 2026 Current Affairs PDF includes important one-liners, key highlights, and concise explanations aligned with the latest exam patterns for both Prelims and Mains preparation.

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News in One Liner – 03 September 2026

PIB News

India’s Real GDP Grows 7.8% in Q1 FY27

Prime Minister Narendra Modi hailed India’s 7.8% GDP growth rate in the first quarter of FY 2026-27 as a “herculean feat” achieved despite global economic uncertainties. He credited the resilience and collective strength of the Indian populace for the milestone, reached despite supply chain disruptions and volatile crude oil prices. Quarterly GDP figures are compiled and released by the National Statistical Office (NSO) under MoSPI, using 2011-12 as the base year.

Indian Scientists Break Century-Old Thermoelectric Limit

Researchers from JNCASR, IISc Bangalore and the University of Sydney surpassed a century-old fundamental restriction governing thermoelectric conversion efficiency, enabling small thermal variations to be converted directly into measurable electrical signals. The breakthrough opens new avenues for ultra-sensitive temperature sensing, low-noise thermal imaging and low-power energy harvesting devices. Thermoelectricity relies on the Seebeck effect discovered in 1821, and JNCASR is an autonomous institute under the Department of Science and Technology.

Centre Brokers Sone River Water-Sharing Pact Between Bihar and Jharkhand

Union Home Minister Amit Shah presided over the signing of a historic MoU between Bihar and Jharkhand to resolve the long-standing Sone River water allocation dispute, in the presence of Jharkhand CM Hemant Soren, Bihar CM Samrat Choudhary and Jal Shakti Minister C.R. Patil. The agreement ensures adequate drinking and irrigation water for districts including Bhojpur, Buxar, Rohtas, Kaimur, Aurangabad, Arwal, Gaya and Patna. Inter-state river water disputes are governed under Article 262 of the Constitution and the Inter-State River Water Disputes Act, 1956.

Ministry of Jal Shakti Hosts First-Ever Departmental Summit in Delhi

The Ministry of Jal Shakti organised its inaugural Departmental Summit on 1-2 September 2026 at Sushma Swaraj Bhawan in New Delhi, envisioned by PM Modi to strengthen Centre-State collaboration on water security. Deliberations centred on four thematic pillars — timely completion of water infrastructure, Jal Sanchay Jan Bhagidari-Catch the Rain, source sustainability of drinking water systems, and Jal Jeevan Mission 2.0 operation and maintenance. The Ministry of Jal Shakti was formed in May 2019 by merging the Ministry of Water Resources with the Ministry of Drinking Water and Sanitation.

Union Minister Launches Rs 36.49 Crore Fisheries Projects in Puducherry

Union Minister Rajiv Ranjan Singh launched fisheries infrastructure projects worth Rs 36.49 crore under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) at Kamarajar Manimadapam in Puducherry, alongside a Capacity Building Conclave on cooperative-led seaweed farming. The event highlighted Karaikal’s designation as a Fishing Harbour Cluster, where a Smart and Integrated Fishing Harbour worth Rs 119.94 crore is being developed. PMMSY is the Centre’s flagship scheme to drive the Blue Revolution through sustainable fisheries development.

Ministry of Mines Holds Raipur Roadshow for 8th Tranche of Mineral Block Auctions

The Ministry of Mines organised a roadshow in Raipur, Chhattisgarh, attended by CM Vishnu Deo Sai and MoS Satish Chandra Dubey, ahead of the 8th Tranche auction of Critical and Strategic Mineral Blocks. The tranche offers 20 blocks — 17 Composite Licences and 3 Mining Leases — across nine states, including five from Chhattisgarh, covering minerals like Graphite, Rare Earth Elements and Vanadium. So far 56 of the 88 blocks offered across previous tranches have been successfully auctioned.

CGA Data: Union Government’s Total Receipts Reach Rs 13.07 Lakh Crore by July 2026

The Controller General of Accounts reported that the Union Government’s total receipts stood at Rs 13,06,709 crore, or 35.8% of the FY 2026-27 Budget Estimates, up to July 2026, while total expenditure reached Rs 17,61,853 crore (32.9% of BE). The Centre transferred Rs 3,72,354 crore to states as tax devolution during the period, lower than the previous year. The CGA, under the Ministry of Finance, compiles and consolidates the monthly accounts of the Union Government.

Industry News

GST Collections Surge 14.8% to Rs 1,99,853 Crore in August 2026

Gross GST collections rose 14.8% year-on-year to Rs 1,99,853 crore in August 2026, up from Rs 1,74,116 crore a year earlier, per Finance Ministry data. Domestic GST revenue grew 9.3% to Rs 1,37,249 crore, while collections from imports surged 29% to Rs 62,604 crore. GST was introduced in India on 1 July 2017 under the 101st Constitutional Amendment Act.

Centre Revises Export Duty on Petrol, Diesel and ATF Under Fortnightly Review

The Central Government revised the Special Additional Excise Duty on fuel exports, raising the levy on petrol to Rs 1.50 per litre and on diesel to Rs 25 per litre, while trimming the Aviation Turbine Fuel export duty to Rs 19 per litre. Domestic excise duty on petrol and diesel remains unchanged. SAED was first introduced on 27 March 2026 to safeguard domestic fuel availability amid global energy market volatility from the West Asia crisis.

Government Releases Onion Buffer Stock via Kanda Express Rakes

The Ministry of Consumer Affairs began a calibrated release of onion buffer stocks through dedicated Kanda Express train rakes and road transport, expanding retail intervention to 19 cities with over 30 trucks deployed. The first rake carrying 450 MT of onions moved from Nashik to Delhi, while a second rake carrying 840 MT reached Chennai for distribution across Tamil Nadu. The government also disbursed Rs 210 crore directly to about 3,400 farmers during buffer stock procurement.

FM Sitharaman Outlines Upcoming Customs and Banking Sector Reforms

Finance Minister Nirmala Sitharaman said India has shown its capacity to adapt to global economic changes without derailing domestic growth, while outlining planned customs and banking sector reforms. Proposed customs reforms introduce risk-based import screening with advanced scanners, granting automated clearance to low-risk consignments to cut port congestion. She noted that growing NRI deposits reflect international confidence in India’s banking system.

Government Halves Sugar Stock Holding Limit for Dealers to 2,000 Quintals

The Centre reduced the sugar stock holding limit for dealers from 4,000 to 2,000 quintals, effective from 15 September to 30 November 2026, to prevent hoarding and speculative trading. Dealers can no longer hold stock for more than 30 days from receipt, though the 4,000-quintal limit is retained for Kolkata and its metropolitan area given its role supplying eastern and north-eastern states. The move falls under the Essential Commodities Act, 1955.

Agriculture Minister Reviews PM-DDKY Progress Across 100 Districts

Union Agriculture Minister Shivraj Singh Chouhan chaired a review of the Prime Minister Dhan-Dhaanya Krishi Yojana (PM-DDKY), which converges 36 Central schemes across 11 Ministries in 100 identified districts. The average implementation score across these districts rose from 22.54 in April 2026 to 38.85 in July 2026, an improvement of 16.31 points, tracked through 121 output and outcome indicators. PM-DDKY was launched on 11 October 2025 after Cabinet approval; the Minister also reviewed the Watershed Development Component of PMKSY.

Indian Oil Targets 1.5-Fold Rise in Natural Gas Sales by 2030

Indian Oil Corporation Limited announced plans to expand its natural gas sales volume by 1.5 times by 2030, aligning with India’s goal of raising natural gas’s share in its primary energy mix from about 6.5% to 15%. The strategy focuses on expanding City Gas Distribution networks, boosting LNG supply for transport and industry, and integrating compressed bio-gas and green hydrogen. IOCL is a Maharatna Public Sector Enterprise under the Ministry of Petroleum and Natural Gas.

HSBC India Manufacturing PMI Slips to Five-Year Low of 52.8 in August

The HSBC India Manufacturing PMI fell to 52.8 in August 2026 from 53.5 in July, its lowest reading since August 2021 and below the long-run average of 54.2, though it stayed above the 50-mark signalling expansion for a 59th consecutive month. New orders, output and export demand grew at their weakest pace in five years, and manufacturing employment contracted for the first time in two-and-a-half years. The index is compiled by S&P Global from surveys of around 400 manufacturing companies.

India to Build 100 New Airports in 10 Years Under UDAN, Rs 30,000 Crore Outlay

Union Civil Aviation Minister K. Rammohan Naidu announced plans to build 100 new airports over the next decade at a cost of Rs 30,000 crore under the UDAN regional connectivity scheme, while inaugurating India’s third ‘hub and spoke’ operations at Ahmedabad Airport. Operational airports in India have grown from 74 in 2014 to 166 today. UDAN, launched in 2016, aims to make air travel affordable and connect underserved regions.

Commerce Ministry Invites Bids for Balance Raw Sugar Export Quota

The Directorate General of Foreign Trade invited applications for allocating the remaining 2,02,550 tonnes of raw sugar export quota under the Tariff-Rate Quota (TRQ) mechanism, which grants concessional tariff treatment for specified export volumes. The measure aims to help domestic sugar millers manage existing stocks while meeting India’s export commitments under trade agreements. DGFT functions as an attached office of the Ministry of Commerce and Industry.

NLMC to E-Auction 459 RINL Land Parcels in Visakhapatnam

The National Land Monetization Corporation announced an e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited in Visakhapatnam, spanning 93,572.21 square yards, comprising 456 residential plots at HB Colony and commercial/logistics parcels at Auto Nagar. Bidding will take place on the RailTel E-Nivida platform on 12 and 16 October 2026, with Quikr India appointed as transaction consultant. NLMC, incorporated in June 2022 under the Finance Ministry, drives the Centre’s public asset monetization programme.

Financial News

India’s Current Account Deficit Widens to $4.2 Billion in Q1 FY27

RBI data showed India’s current account deficit widened to $4.2 billion, or 0.5% of GDP, in Q1 FY 2026-27, up from $3.4 billion a year earlier, driven mainly by a widening merchandise trade deficit of $86.1 billion. Net services receipts rose to $51.6 billion and remittances climbed to $42.9 billion, helping cushion the gap, though the overall balance of payments recorded a deficit of $8.1 billion versus a surplus a year ago. The RBI compiles quarterly Balance of Payments data covering all of India’s external economic transactions.

UPI Hits Record 24.51 Billion Transactions Worth Rs 29.82 Lakh Crore in August

NPCI data showed UPI processed its highest-ever monthly volume of 24.51 billion transactions worth Rs 29.82 lakh crore in August 2026, up 3.6% in volume from July’s 23.66 billion transactions. Year-on-year, transaction volume grew 22% and value grew 20%, with daily averages of 791 million transactions worth Rs 96,205 crore. UPI, launched by NPCI in 2016, is now live for merchant payments across ten international markets.

IRDAI Proposes Public Insurance Registry as Digital Infrastructure for Insurance

The Insurance Regulatory and Development Authority of India released a consultation paper proposing a Public Insurance Registry (PIR) as interoperable Digital Public Infrastructure for the insurance sector, aimed at reducing information asymmetry and giving policyholders a consolidated view of their policies. The framework aligns with the objectives of the Sabka Bima Sabki Raksha Act, 2025, and is open for public and industry comment. IRDAI, established under the IRDAI Act, 1999, is headquartered in Hyderabad.

National & State News

Supreme Court Orders Closure of FIRs Against NEET Protest Students

The Supreme Court directed the closure and quashing of all FIRs registered against students who participated in nationwide NEET paper leak protests held between 20 and 25 July, instructing police in Delhi, Bihar, West Bengal and other states to drop pending proceedings. The court held that students protesting examination irregularities should not face criminal prosecution that could jeopardise their academic careers. The apex court’s powers to grant such relief stem from Article 142 of the Constitution.

Delhi Cabinet Approves Free Rooftop Solar for Households Using Up to 400 Units

The Delhi Cabinet approved an amendment to the Delhi Solar Energy Policy, 2023, offering free installation of rooftop solar systems up to 3 kW for households consuming up to 400 units of electricity monthly, combining a Rs 78,000 Delhi government subsidy with an equal central subsidy. The state has set a target of installing solar on 2.3 lakh rooftops to add 500 MW of capacity by March 2027. Consumers using up to 200 units monthly retain their existing electricity subsidies.

PRS Report: Lok Sabha Functioned for Only 15% of Scheduled Time in Monsoon Session

PRS Legislative Research’s session wrap on Parliament’s Monsoon Session, held from 20 July to 13 August 2026, found that the Lok Sabha operated for only 15% of its scheduled working time due to frequent disruptions and adjournments. The Rajya Sabha similarly saw reduced operational hours amid standoffs between the Treasury and Opposition benches. The Monsoon Session is one of three regular sessions of Parliament, alongside the Budget and Winter Sessions.

World News

FM Sitharaman Holds Bilateral Talks with US Treasury Secretary Bessent

Union Finance Minister Nirmala Sitharaman met US Treasury Secretary Scott Bessent in Asheville, North Carolina, on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting, reviewing bilateral economic ties and critical mineral supply chain cooperation. Bessent commended India’s leadership in G7-plus engagements, and Sitharaman invited him to New Delhi for the India-US Economic and Financial Partnership dialogue later this year.

Appointments and Resignation

RBI Appoints Suman Ray as Executive Director

The Reserve Bank of India appointed Suman Ray as Executive Director with effect from 1 September 2026, to oversee the Deposit Insurance and Credit Guarantee Corporation (DICGC) Department and the Premises Department. A career central banker with over three decades at the RBI, Ray previously served as Regional Director for Maharashtra and has handled portfolios spanning currency management and financial inclusion.

Ranking and Reports

CVC Annual Report Flags Over 6,900 Pending CBI Corruption Trials

The Central Vigilance Commission’s annual report revealed that more than 6,900 CBI-probed corruption cases remain pending trial across courts, with 361 cases pending for over 20 years and 2,100 pending between 10 and 20 years. The report attributed delays to excessive workload, staff shortages and pending prosecution sanctions, while noting the CBI achieved a 71.47% conviction rate in cases disposed of during the period. The CVC is the statutory apex vigilance institution established under the CVC Act, 2003.

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