04 September 2026 | English | FREE Current Affairs PDF

04 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. 04 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 – 04 September 2026

PIB News

Japan Credit Rating Agency Upgrades India’s Sovereign Rating to ‘A-‘

Japan Credit Rating Agency (JCR) upgraded India’s foreign and local currency long-term issuer ratings by one notch from ‘BBB+’ to ‘A-‘ with a Stable outlook, citing strong economic growth, structural reforms and enhanced financial sector health, and raised the country ceiling to ‘A’. The central government’s fiscal deficit fell from 4.7% in FY25 to 4.4% in FY26 alongside sustained high-quality capital expenditure, while JCR also highlighted India’s robust forex reserves buffer and financial system resilience bolstered by the IBC and RBI oversight.

MoSPI Explains Double Deflation Methodology Behind Negative GVA Deflator

The Ministry of Statistics and Programme Implementation (MoSPI) clarified that a negative implicit Gross Value Added (GVA) deflator in the updated GDP series (Base Year 2022-23) for Q1 FY 2026-27 stems from input price shifts under the double deflation method, not falling output prices. The manufacturing sector’s GVA is now compiled by deflating gross output and intermediate inputs separately using their respective Producer Price Indices (PPIs), so when input PPI rises faster than output PPI, real value added grows faster than nominal value added, producing an implicit negative deflator.

PM-AJAY Declares 892 Villages as Adarsh Grams, Expands SC Welfare Grants

The Ministry of Social Justice and Empowerment reviewed implementation of the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), declaring 892 villages as Adarsh Grams under its village-development component that targets SC-majority villages for gap-filling infrastructure funding. Under the scheme’s Grants-in-Aid component from 2023-24 to 2025-26, over 1.19 lakh beneficiaries were covered in Andhra Pradesh alone, with infrastructure development accounting for the most beneficiaries, led by districts such as Prakasam, Eluru, Palnadu, Tirupati and Kakinada.

Civil Aviation Minister Chairs First High-Level Committee on Aircraft Leasing

Union Civil Aviation Minister K. Rammohan Naidu chaired the first meeting of a High-Level Committee formed to build a competitive domestic aircraft leasing and financing ecosystem, constituted after recommendations from the Aircraft Leasing Summit held at GIFT City, IFSC. The panel discussed rupee-denominated aircraft financing, easing bank exposure limits and resolving GAAR and DTAA tax issues, aiming to cut reliance on offshore lessors, who currently supply over 85% of the aircraft operated by Indian airlines.

DFS Secretary Reviews Performance of Public Sector General Insurance Companies

Secretary, Department of Financial Services (DFS), Sanjay Lohiya reviewed the financial and business performance of Public Sector General Insurance Companies (PSGICs) for FY 2025-26, examining key performance indicators and underwriting performance across lines of business. PSGICs were advised to lower their Incurred Claim Ratio by focusing on profitable business lines and using technology to optimise IT expenditure, with a standardised KPI framework to be implemented for consistent quarterly assessment across companies.

EPFO Launches Six-Month Amnesty Scheme for PF Trust Exemption Regularisation

The Employees’ Provident Fund Organisation (EPFO) announced a six-month Amnesty scheme, valid from 29 June 2026 to 28 December 2026, to retrospectively regularise the exemption status of Income Tax-recognised Provident Fund Trusts that lack formal exemption orders under Section 17 of the EPF & MP Act, 1952. The scheme offers a one-time opportunity for such trusts, waiving minimum headcount, corpus size and three-year compliance conditions otherwise required under the Code on Social Security, 2020.

Surgeon Vice Admiral Dilip Raghavan Takes Charge as DG Hospital Services

Surgeon Vice Admiral Dilip Raghavan, VSM, assumed office as Director General Hospital Services (Armed Forces) on 1 September 2026, after over three decades in the Indian Navy. An AFMC Pune 1985-batch alumnus who previously served as Command Medical Officer for the Southern and Eastern Naval Commands, he earlier commanded INHS Asvini in Mumbai, which won the Raksha Mantri Trophy for Best Command Hospital during his tenure.

Ministry of Defence Announces 16th Aero India for February 2027 in Bengaluru

The Department of Defence Production, Ministry of Defence, announced that the 16th edition of Aero India will be held at Air Force Station Yelahanka, Bengaluru, from 8 to 12 February 2027, with online registration for exhibitors opening on 3 September 2026. The five-day biennial air show, Asia’s largest aerospace and defence exhibition, aims to boost Indian defence manufacturing, MSMEs and startups under Aatmanirbhar Bharat, in support of India’s target of Rs 50,000 crore in defence exports by 2028-29.

Tenzing Norgay National Adventure Awards 2024 Conferred Across Three Categories

The Ministry of Youth Affairs and Sports announced four awardees for the Tenzing Norgay National Adventure Awards 2024, covering Land, Water and Lifetime Achievement categories: Baljeet Kaur and Skalzang Rigzin (Land Adventure), Rimo Saha (Water Adventure) and Shiv Prasad Chamoli (Lifetime Achievement). Each winner will receive a statuette, a certificate and Rs 15 lakh in prize money, to be conferred by the President of India at Rashtrapati Bhavan alongside the National Sports Awards 2025.

Industry News

Railways Sanctions Rs 170 Crore for Kavach 4.0 in Moradabad Division

Indian Railways approved Rs 170 crore to extend the indigenously developed Kavach 4.0 Automatic Train Protection system across the remaining 712 route kilometres of Northern Railway’s Moradabad Division, aimed at preventing Signal Passing at Danger incidents and automatically regulating train speeds. As of 31 July 2026, Kavach 4.0 had been commissioned across 2,633 route kilometres nationwide, including major stretches of the Delhi-Mumbai and Delhi-Howrah high-density corridors.

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

Effective 1 September 2026, the Centre revised the Special Additional Excise Duty on fuel exports, reintroducing a levy of Rs 1.50 per litre on petrol (after it was nil in the prior review), raising diesel’s export duty to Rs 25 per litre, and trimming the Aviation Turbine Fuel export duty by 50 paise to Rs 19 per litre. Domestic excise duty on petrol and diesel remains unchanged, with the fortnightly-reviewed SAED aimed at deterring refiners from prioritising exports over domestic fuel security.

Railway Board Approves New Surat-Udaipur Vande Bharat Express

The Railway Board sanctioned a new 8-car Surat-Udaipur City Vande Bharat Express (Train No. 26903/26904) to run six days a week, except Tuesdays, while permanently discontinuing the existing Udaipur City-Asarva (Ahmedabad) Vande Bharat service (Train No. 26963/26964). The route-rationalisation move, with primary maintenance assigned to Surat, adds commercial stoppages at hubs including Vadodara, Anand and Himmatnagar to strengthen Gujarat-Rajasthan rail connectivity.

Financial News

Gross GST Collections Rise 14.8% to Near Rs 2 Lakh Crore in August

India’s 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, reflecting sustained industrial activity, improved compliance and robust consumption demand.

Bank Unions Announce Multi-Stage Strikes From September 11 Over 5-Day Week

The United Forum of Bank Unions (UFBU), representing seven major officer and staff unions, announced a one-day strike on 11 September, a three-day strike from 28-30 September, and an indefinite strike from 26 October if demands are unmet, chiefly a five-day banking week (with all Saturdays as holidays, offset by longer weekday hours agreed in the March 2024 wage settlement) and revision of the Department of Financial Services’ Performance Linked Incentive scheme, which unions call discriminatory.

Supreme Court: Delay in Depositing Foreign Travel Tax Isn’t ‘Failure to Pay’

A Supreme Court bench of Justices J.B. Pardiwala and Ujjal Bhuyan set aside a Rs 71.29 lakh penalty on Saudi Arabian Airlines for delayed remittance of Foreign Travel Tax, ruling that Section 38(3) of the Finance Act, 1979 applies only to absolute non-payment, while a technical delay before a show-cause notice falls under the lower, discretionary penalties of Section 38(4). Invoking the doctrine of reformatio in peius, the Court held an appellant cannot be put in a worse position for exercising the right to appeal, and ordered a refund with 9% annual interest.

SEBI and IFSCA Push Framework to Enable Dual Listing at GIFT-IFSC

The Securities and Exchange Board of India (SEBI) and the International Financial Services Centres Authority (IFSCA) held joint discussions with market stakeholders to finalise a regulatory framework enabling companies to dual-list on domestic exchanges and GIFT IFSC, resolving issues such as public float norms, currency denomination, taxation alignment and cross-exchange surveillance. The move aims to let Indian and foreign firms raise global dollar capital at GIFT City while retaining liquidity on the NSE and BSE.

National & State News

Supreme Court Seeks Centre’s View on Totalisers for EVM Vote Counting

A Supreme Court bench asked the Central Government to clarify its stand on introducing ‘Totalisers’ — devices that count votes from multiple EVMs simultaneously instead of booth-by-booth — after petitioners argued booth-wise counting exposes local voting patterns and enables post-poll victimisation. The Election Commission, while previously favouring Totalisers, cautioned that changing the counting procedure without multi-party consensus could fuel public distrust in EVM security, with a 2015 Law Commission report having recommended amending Rule 66A of the Conduct of Elections Rules, 1961.

Delhi’s Draft SIR 2026 Roll Excludes Over 32.9% of Electors

The Chief Electoral Officer of Delhi published the draft electoral roll under the Special Intensive Revision (SIR) 2026, showing total registered electors falling from about 1.56 crore in January 2025 to about 97.5 lakh, with roughly 47.5 lakh names excluded under the Absent-Shifted-Dead-Duplicate-Others framework. Thirteen assembly constituencies logged over 40% exclusions, with Tughlakabad worst hit at 47.8%, and excluded electors have until 30 September to file Form 6 claims before the final roll is published on 4 November.

JP Nadda Launches Swachhata Pakhwada 2026 With Digital Cleanliness Focus

Union Minister Jagat Prakash Nadda launched the fortnight-long Swachhata Pakhwada 2026 (1-15 September) under the Ministry of Chemicals & Fertilizers, administering the Swachhata Pledge across central departments and affiliated PSUs. Beyond traditional physical sanitation, this edition prioritises ‘Digital Cleanliness and Record Management,’ including archiving pending e-Office files, clearing outdated database logs and resolving pending CPGRAMS grievances.

World News

Bishkek Declaration at 26th SCO Summit Endorses India’s Anti-Terror Stand

The Bishkek Declaration, adopted at the 26th SCO Heads of State Council summit in Kyrgyzstan and attended by PM Narendra Modi, condemned terrorism in all forms, rejected ‘double standards’ and called for dismantling terror financing and cross-border safe havens, while also endorsing India’s demand that connectivity initiatives respect national sovereignty. The summit approved English as an official SCO language alongside Chinese and Russian, and PM Modi reiterated India’s vision of ‘SCO = Security, Connectivity, Opportunity.’

Defence News

India Targets Rs 3 Lakh Crore Defence Production, Rs 50,000 Crore Exports by 2029

Minister of State for Defence Sanjay Seth announced that India has set annual targets of Rs 3 lakh crore in total defence production and Rs 50,000 crore in defence exports by 2029, up from current domestic production of about Rs 1.78 lakh crore, while addressing the CENJOWS Annual Trident Lecture. He cited Operation Sindoor as a milestone showcasing indigenous defence platforms, with the Union Budget 2026-27 allocating an all-time high Rs 7.85 lakh crore to the Ministry of Defence.

Ranking and Reports

V-Dem Report Places India’s Electoral Democracy Score at Lowest Since 1975

The Sweden-based V-Dem Institute’s Democracy Report 2026 ranked India 106th of 179 countries on the Electoral Democracy Index with a score of 0.38 — its lowest since the 1975-77 Emergency — and 105th on the Liberal Democracy Index with a score of 0.26, continuing to classify India as an ‘Electoral Autocracy’. Indian official think tanks, including the EAC-PM, have challenged V-Dem’s methodology for relying on subjective perception-based assessments over institutional data.

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