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Monthly current affairs for September 2026

366 News
29 September 2026 DEFENCE

The Indian Air Force (IAF) has commenced the operational phase of the multilateral air exercise named “Tarang Shakti 2026” at Air Force Station Jodhpur, Rajasthan.

The exercise, themed “Power in Partnership”, witnessed the participation of seven Friendly Foreign Countries (FFCs): Australia, the USA, the UAE, France, Germany, Sri Lanka, and Bangladesh. It builds upon the successful inaugural edition of the exercise held in 2024.

29 September 2026 DEFENCE

DRDO has partnered with the CSIR-Central Glass and Ceramic Research Institute (CSIR-CGCRI) for a ₹50 crore project to develop indigenous advanced lightweight bulletproof glass for armoured vehicles.

The four-year project is currently at an advanced stage and is being executed within DRDO laboratories. The initiative aims to transition the technology from laboratory development to large-scale manufacturing with an industry partner to be selected by DRDO.

30 September 2026 NATIONAL

Union Minister Bhupender Yadav has distributed the first PRAMAAN certificates under the Indian Forest and Wood Certification Scheme (IFWCS) in New Delhi.

The certificates were awarded to the Andhra Pradesh Forest Development Corporation (APFDC) for its plantations covering 33,000 hectares, and to Govind Mohapatra, a farmer associated with the Odisha Bamboo Development Agency (OBDA).

30 September 2026 NATIONAL

Union Minister Piyush Goyal has announced that the India-New Zealand Free Trade Agreement (FTA) will come into force on October 20, 2026, following the completion of ratification and domestic processes in both countries.

From the date of implementation, 100% of exports from India to New Zealand will receive duty-free access, benefiting key sectors such as textiles and apparel, leather and footwear, gems and jewellery, engineering goods, and processed foods.

30 September 2026 NATIONAL

Union Minister Piyush Goyal and Sheikh Hamed bin Zayed Al Nahyan, the MD of Abu Dhabi Investment Authority (ADIA), have co-chaired the 14th meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI) in Mumbai. It is to be noted that the HLJTFI was established in 2013.

Additionally, the second India-Fiji Bilateral Joint Working Group (JWG) meeting was held in New Delhi, with both nations discussing various areas of mutual interest.

30 September 2026 ECONOMY

According to the “OECD Economic Outlook, Interim Report September 2026: Weathering Successive Shocks” released by the Organisation for Economic Cooperation and Development (OECD), the Gross Domestic Product (GDP) growth of India for FY27 is revised upwards by 80 basis points (bps) to 7.1% from the earlier 6.3%.

The growth for FY28 is projected at 6.5%. The report also estimated the inflation of India for FY27 and FY28 at 4.7% and 4.2% respectively.

30 September 2026 BANKING

RBI has issued final directions titled ‘RBI (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026’ outlining the minimum capital requirement for market risk under the Basel III framework for commercial banks. The new framework will come into effect on April 1, 2027.

Additionally, the RBI has eased KYC requirements for Foreign Portfolio Investors (FPIs), allowing them to submit original certified copies of specified documents certified by authorised authorities outside India. These directions came into force with immediate effect from September 18, 2026.

30 September 2026 AGREEMENTS

The Ministry of Tribal Affairs has signed an MoU with the Indira Gandhi National Centre for the Arts (IGNCA), an autonomous trust under the Ministry of Culture, for the preservation, documentation, digitalisation, research, and promotion of the diverse tribal cultural heritage of India.

30 September 2026 REPORTS

According to the “Electrification Special Report 2026” released by the International Energy Agency (IEA), the electrification rate of India is projected to rise from 19% to 32% by 2035.

Accelerated electrification could reduce global energy import bills by over $400 billion by 2035. The electrification rate of Southeast Asia is projected to increase from 25% to 37% by 2035.

30 September 2026 INTERNATIONAL

Union Minister Manohar Lal has led the Indian delegation at the G20 Energy Abundance Ministerial Meeting held in Houston, USA, under the USA G20 Presidency.

The meeting focused on three key pillars: Energy Security & Affordable Baseload, Permitting & Regulatory Efficiency, and Critical Minerals & Resilient Supply Chains.

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