1. India Records $136.38 Billion in Foreign-Exchange Inflows
What happened:
The RBI reported that India attracted $136.38 billion in foreign-currency inflows through special schemes introduced to strengthen the country’s external position. India’s foreign-exchange reserves reached a record $729.33 billion as of 21 August 2026.
Why important:
Strong forex reserves provide India with greater protection against external economic shocks and help the RBI manage rupee volatility.
Exam Tip:
- Institution – Reserve Bank of India (RBI)
- Forex reserves – $729.33 billion
- Major source – Non-resident foreign-currency deposits
2. Air Vice Marshal Shakti Sharma Becomes First Non-Medical Woman AVM
What happened:
Air Vice Marshal Shakti Sharma became the first non-medical woman officer in India’s defence services to attain the rank of Air Vice Marshal.
Why important:
Her promotion marks another milestone for women’s increasing leadership and participation in India’s armed forces.
Exam Tip:
- Rank – Air Vice Marshal
- Service – Indian Air Force
- Commissioned – 1994
- Field – Education Branch
3. India Successfully Launches EOS-05 Satellite
What happened:
ISRO successfully launched EOS-05 aboard the GSLV-F17 rocket on 4 September from Sriharikota. It is India’s first imaging satellite designed to operate from geosynchronous orbit.
Why important:
EOS-05 will provide high-resolution and frequent Earth observations useful for agriculture, disaster management and national planning.
Exam Tip:
- Launch Vehicle – GSLV-F17
- Launch Site – Satish Dhawan Space Centre, Sriharikota
- Satellite – EOS-05
- Launch Date – 4 September 2026
4. India and China Hold First Corps Commander-Level Talks in Arunachal Pradesh
What happened:
India and China held their first-ever Corps Commander-level meeting in Arunachal Pradesh at the Wacha-Damai Border Personnel Meeting Point.
Why important:
The meeting represents an expansion of military-to-military communication beyond the Ladakh sector and aims to maintain peace along the border.
Exam Tip:
- Location – Arunachal Pradesh
- Meeting Point – Wacha-Damai
- Purpose – Border management & maintaining peace
5. National Teachers’ Awards 2026 Presented
What happened:
President Droupadi Murmu presented the National Teachers’ Awards on Teachers’ Day, 5 September, to recognise outstanding contributions by teachers across India.
Why important:
The awards recognise excellence in teaching, innovation and contribution to education.
Exam Tip:
- Date – 5 September
- Occasion – Teachers’ Day
- Honours – National Teachers’ Awards
- Teachers’ Day commemorates Dr. Sarvepalli Radhakrishnan
6. IIT Kharagpur Affordable Healthcare Hub Enters Sustainable Phase
What happened:
The Common Research and Technology Development Hub (CRTDH) on Affordable Healthcare at IIT Kharagpur entered its sustainable phase after completing its initial grant-supported period.
Why important:
The facility supports startups and MSMEs in developing affordable healthcare technologies and has already facilitated technology transfers.
Exam Tip:
- Institution – IIT Kharagpur
- Focus – Affordable healthcare technology
- Scheme – CRTDH
- Ministry – Ministry of Science & Technology
7. PM Modi Calls for Global Expansion of UPI
What happened:
At the Global FinTech Fest 2026 in Mumbai, Prime Minister Narendra Modi called for expanding UPI to more countries and integrating it with additional international payment systems. UPI processed 24.51 billion transactions in August 2026.
Why important:
International expansion of UPI can make cross-border payments easier and reduce remittance costs for Indians abroad.
Exam Tip:
- Full Form – Unified Payments Interface
- Operated by – NPCI
- August 2026 transactions – 24.51 billion
- Currently operational in – 11 countries
8. Dedicated Freight Corridor Network Reaches 2,800+ km
What happened:
Prime Minister Narendra Modi highlighted the completion of more than 2,800 km of India’s Dedicated Freight Corridor (DFC) network during his Gujarat visit.
Why important:
The DFC is designed to increase freight capacity, reduce logistics costs and improve the speed of goods transportation.
Exam Tip:
- Full Form – Dedicated Freight Corridor
- Purpose – Faster & efficient freight movement
- Linked with – PM Gati Shakti and logistics transformation
9. International Literacy Day Observed on 8 September
What happened:
International Literacy Day was observed on 8 September to highlight the importance of literacy and lifelong learning.
Why important:
Literacy is closely linked with education, employment, social development and inclusive growth.
Exam Tip:
- Date – 8 September
- Observed globally under – UNESCO
- Focus – Literacy and education
10. India Highlights FinTech, AI and Cybersecurity at Global FinTech Fest
What happened:
At the Global FinTech Fest 2026, India highlighted the next phase of financial technology, including Agentic AI, tokenisation, quantum technology, cybersecurity and digital consumer protection.
Why important:
The focus reflects India’s transition from basic digital payments towards advanced technology-driven financial services.
Exam Tip:
- Event – Global FinTech Fest 2026
- Venue – Mumbai
- Key technologies – Agentic AI, Tokenisation, Quantum Technology
- Key concern – Cybersecurity
Quick Revision
| No. | Current Affair | Key Fact |
|---|---|---|
| 1 | Forex inflows | $136.38 billion |
| 2 | Shakti Sharma | First non-medical woman AVM |
| 3 | EOS-05 | GSLV-F17, 4 Sept |
| 4 | India-China talks | First Corps Commander talks in Arunachal |
| 5 | Teachers’ Awards | 5 September |
| 6 | IIT Kharagpur | Affordable Healthcare CRTDH |
| 7 | UPI | 24.51 billion transactions in August |
| 8 | Dedicated Freight Corridor | 2,800+ km complete |
| 9 | International Literacy Day | 8 September |
| 10 | Global FinTech Fest | AI, tokenisation & cybersecurity |
Final Note for Students
Revise these points daily, practice multiple-choice questions weekly, and discuss current affairs aloud to improve confidence for written exams as well as interviews.