Daily Current Affairs September 01

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs September 01. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

TO PURCHASE OUR BANKING AWARENESS (Latest Edition) – CLICK HERE

September 01 | Daily Current Affairs 2026

Sports – Daily Current Affairs September 01

1. How many international appearances did Lionel Messi make for Argentina before announcing his retirement?
A) 187
B) 195
C) 201
D) 207
E) 215
Answer: D) 207.

Event and Location:

• Event: Lionel Messi announced his retirement from international football after a 20-year career with the Argentina national team, ending with 207 appearances and 125 goals.
• Location: Argentina.
• Date: Messi’s international retirement was reported on September 1, 2026.

Mandates and Objectives:

• Mandates: Messi announced the end of his international career after representing Argentina since 2005 and winning major titles including the 2022 FIFA World Cup and the 2021 and 2024 Copa América tournaments.
• Objectives: The announcement formally concluded Messi’s international playing career after he became Argentina’s most-capped player and all-time leading goal scorer.

Important Terms Explained:

• FIFA World Cup: FIFA’s premier international men’s football tournament, which Messi won as Argentina captain in 2022 after defeating France in the final.
• Copa América: The major international football championship for South American national teams, won by Argentina under Messi in 2021 and 2024.
• Finalissima: A football match contested between the reigning champions of Europe and South America, which Argentina won in 2022.
• International Cap: An appearance made by a player for their senior national team in an officially recognised international match.

Tabular Summary:

---

Banking and Finance – Daily Current Affairs September 01

2. Which two organisations signed the agreement to enable UPI payments across Uzbekistan through the UZQR system?
A) RBI and CBU
B) NIPL and NIPC
C) NPCI and HUMO
D) RBI and NIPL
E) NPCI and CBU
Answer: B) NIPL and NIPC.

Event and Location:

• Event: NPCI International Payments Limited (NIPL) and National Interbank Processing Centre JSC (NIPC) signed a commercial agreement to enable Indian travellers to make UPI payments across Uzbekistan through the national UZQR system.
• Location: Uzbekistan.
• Date: The commercial agreement was signed on August 30, 2026.

Mandates and Objectives:

• Mandates: Indian users will be able to scan merchants’ UZQR codes through their existing UPI-enabled applications and make person-to-merchant payments directly from their Indian bank accounts.
• Objectives: The partnership aims to simplify cross-border digital payments for Indian visitors, reduce dependence on cash and international cards, expand merchant acceptance and strengthen digital financial cooperation between India and Uzbekistan.

Important Terms Explained:

• Unified Payments Interface (UPI): An instant digital payment system that enables users to transfer money directly between bank accounts through supported mobile applications.
• Person-to-Merchant (P2M) Transaction: A digital payment made by an individual directly to a merchant for purchasing goods or services.
• HUMO: Uzbekistan’s national payment system operated by NIPC, which has been designated as NIPL’s partner for cross-border merchant acceptance.
• Cross-Border Merchant Acceptance: A payment arrangement that allows merchants in one country to accept digital payments made through the payment system of another country.

Tabular Summary:

---

Business and Economy – Daily Current Affairs September 01

3. What was India’s real GDP growth rate in Q1 FY27?
A) 6.8%
B) 7.0%
C) 7.3%
D) 7.8%
E) 8.2%
Answer: D) 7.8%.

Event and Location:

• Event: India’s real GDP grew by 7.8% year-on-year in Q1 FY27, exceeding the growth estimates of the RBI and major surveys.
• Location: India.
• Date: The National Statistical Office (NSO) released the Q1 FY27 GDP data on August 31, 2026.

Mandates and Objectives:

• Mandates: The NSO reported India’s economic performance for April–June 2026, covering GDP, Gross Value Added (GVA), sectoral growth, consumption and investment indicators.
• Objectives: The quarterly estimates measure the pace and composition of India’s economic growth and provide insights into the contribution of services, manufacturing, agriculture, consumption and investment.

Important Terms Explained:

• Nominal GDP: It measures the value of goods and services at current market prices and therefore incorporates both changes in output and changes in prices.
• Private Final Consumption Expenditure (PFCE): It represents expenditure by households and private non-profit institutions on final consumption of goods and services.
• Government Final Consumption Expenditure (GFCE): It represents government spending on goods and services used to provide public services and meet collective consumption requirements.
• Gross Fixed Capital Formation (GFCF): It measures investment in fixed assets such as infrastructure, machinery, equipment and buildings and serves as an important indicator of capital formation in the economy.

Tabular Summary:

---

4. What was the year-on-year growth rate of India’s gross GST collections in August 2026?
A) 8.3%
B) 9.0%
C) 11.0%
D) 14.8%
E) 29.0%
Answer: D) 14.8%.

Event and Location:

• Event: India’s gross GST collections rose by 14.8% year-on-year to nearly ₹2 trillion in August 2026, while net collections stood at ₹1.68 trillion.
• Location: India.
• Date: The Ministry of Finance released the August GST collection data on September 1, 2026.

Mandates and Objectives:

• Mandates: The Ministry of Finance reported August 2026 GST revenues, including domestic collections, import GST, refunds, net collections and cumulative GST performance for April–August FY27.
• Objectives: The data tracks indirect tax revenue performance and provides an indication of domestic economic activity, imports, consumption patterns and government revenue trends.

Important Terms Explained:

• Goods and Services Tax (GST): A destination-based indirect tax levied on the supply of goods and services, with revenue collected from both domestic transactions and imports.
• Gross GST Collection: The total GST revenue collected before deducting refunds issued to taxpayers.
• Net GST Collection: The GST revenue remaining after refunds are deducted from gross collections.
• GST Refund: The amount returned to eligible taxpayers when excess GST has been paid or when refund claims arise under applicable GST provisions.

Tabular Summary:

---

5. How much did the Union Government receive in total receipts till July 2026?
A) ₹8.44 lakh crore
B) ₹10.23 lakh crore
C) ₹11.72 lakh crore
D) ₹13.06 lakh crore
E) ₹17.61 lakh crore
Answer: D) ₹13.06 lakh crore.

Event and Location:

• Event: The Union Government’s total receipts reached ₹13,06,709 crore till July 2026, while total expenditure stood at ₹17,61,853 crore.
• Location: India.
• Date: The accounts cover the period up to July 2026 in the first four months of FY 2026-27.

Mandates and Objectives:

• Mandates: The Union Government’s monthly accounts consolidated receipts from tax revenue, non-tax revenue and non-debt capital receipts, along with expenditure on revenue items, capital expenditure, interest payments, subsidies and tax devolution to states.
• Objectives: The monthly accounts provide a preliminary assessment of the Union Government’s fiscal performance against the Budget Estimates for FY 2026-27.

Important Terms Explained:

• Tax Revenue: Revenue collected by the government through taxes, with net tax revenue to the Centre amounting to ₹8,44,560 crore till July 2026.
• Non-Tax Revenue: Government income from sources other than taxes, such as fees, dividends and other receipts, which stood at ₹4,23,013 crore.
• Non-Debt Capital Receipts: Capital receipts that do not create repayment liabilities, which amounted to ₹39,136 crore during the period.
• Tax Devolution: The transfer of a share of the Centre’s tax revenues to state governments, with ₹3,72,354 crore released during April–July 2026.

Tabular Summary:

---

Appointments – Daily Current Affairs September 01

6. Who succeeded Tim Cook as Apple CEO on September 1, 2026?
A) Craig Federighi
B) John Ternus
C) Jeff Williams
D) Eddy Cue
E) Greg Joswiak
Answer: B) John Ternus.

Event and Location:

• Event: John Ternus succeeded Tim Cook as CEO of Apple, marking the end of Cook’s 15-year tenure as chief executive.
• Location: Apple Inc., United States.
• Date: The leadership transition took effect on September 1, 2026.

Mandates and Objectives:

• Mandates: Ternus will lead Apple’s product development, engineering and technology strategy while addressing challenges related to artificial intelligence, hardware innovation, manufacturing diversification and geopolitical pressures.
• Objectives: The leadership transition aims to maintain Apple’s technological and product momentum while strengthening its capabilities in AI, hardware development and supply-chain diversification.

Important Terms Explained:

• Artificial Intelligence (AI): Technology that enables computer systems to perform tasks involving learning, reasoning, prediction and other capabilities traditionally associated with human intelligence.
• Hardware Engineering: The design, development and testing of physical technology components and devices, an area in which Ternus held senior responsibility at Apple before becoming CEO.
• Supply-Chain Diversification: The strategy of reducing dependence on a single manufacturing location or supplier network by expanding production across multiple countries or regions.
• Executive Chairman: A senior board leadership position in which the holder chairs the company’s board while remaining actively involved in selected strategic and organisational matters.

Tabular Summary:

---

Awards – Daily Current Affairs September 01

7. Which three individuals were named recipients of the Ramon Magsaysay Awards 2026?
A) Tommy Koh, Bo Kyi and Runa Khan
B) Tommy Koh, Runa Khan and Muhammad Yunus
C) Bo Kyi, Runa Khan and Sonam Wangchuk
D) Tommy Koh, Bo Kyi and Bezwada Wilson
E) Runa Khan, Bo Kyi and Sandeep Pandey
Answer: A) Tommy Koh, Bo Kyi and Runa Khan.

Event and Location:

• Event: The Ramon Magsaysay Awards 2026 honoured Tommy Koh of Singapore, Bo Kyi of Myanmar and Runa Khan of Bangladesh for their contributions to diplomacy, human rights and service to disadvantaged communities.
• Location: The awardees represent Singapore, Myanmar and Bangladesh, while the formal award ceremony will be held in Manila, Philippines.
• Date: The 2026 awardees were announced on August 31, 2026, and the award ceremony is scheduled for November 15, 2026.

Mandates and Objectives:

• Mandates: The Ramon Magsaysay Award Foundation selected Tommy Koh, Bo Kyi and Runa Khan in recognition of their work in international law and diplomacy, democracy and human rights, and essential services for vulnerable communities.
• Objectives: The award seeks to recognise individuals and organisations demonstrating “greatness of spirit” through distinguished service to the peoples of Asia irrespective of race, gender or religion.

Important Terms Explained:

• Ramon Magsaysay Award: An annual Asian honour instituted in memory of former Philippine President Ramon Magsaysay and presented since 1958 to individuals and organisations for exceptional service to Asian communities.
• United Nations Convention on the Law of the Sea (UNCLOS): An international legal framework governing the use of the world’s oceans and addressing maritime rights, responsibilities and peaceful utilisation of marine areas.
• Friendship: An organisation founded by Runa Khan that provides healthcare, education, climate resilience, livelihood support and social inclusion services to remote riverine, coastal and refugee communities in Bangladesh.
• Assistance Association for Political Prisoners (AAPP): An organisation co-founded by Bo Kyi in 2000 to support political prisoners and their families and document human rights abuses under Myanmar’s military regime.

Tabular Summary:

---

Science and Technology – Daily Current Affairs September 01

8. Which satellite will ISRO launch aboard GSLV-F17 on September 4, 2026?
A) EOS-04
B) EOS-05
C) RISAT-2B
D) Cartosat-3
E) GSAT-24
Answer: B) EOS-05.

Event and Location:

• Event: ISRO will launch GSLV-F17 carrying EOS-05, which is planned to become India’s first imaging satellite to operate from a geosynchronous orbit.
• Location: Second Launch Pad, Satish Dhawan Space Centre, Sriharikota, Andhra Pradesh.
• Date: The mission is scheduled for September 4, 2026, at 2:55 AM IST.

Mandates and Objectives:

• Mandates: The 19th flight of India’s Geosynchronous Satellite Launch Vehicle will place EOS-05 into a Sub-Geosynchronous Transfer Orbit, after which the satellite will perform manoeuvres to reach its intended geosynchronous orbit.
• Objectives: The mission aims to strengthen India’s space-based Earth observation capabilities by enabling wide-area imaging for natural-resource monitoring, environmental research, surface-change observation, scientific applications, planning and resource management.

Important Terms Explained:

• Geosynchronous Orbit: An orbit in which a satellite takes approximately the same time to revolve around Earth as Earth takes to complete one rotation, allowing sustained observation relative to a particular region.
• Sub-Geosynchronous Transfer Orbit: An intermediate transfer orbit from which a satellite performs additional manoeuvres to reach its intended geosynchronous orbital position.
• Earth Observation Satellite: A satellite designed to collect information about Earth’s surface and environment for applications such as resource monitoring, scientific research, planning and environmental assessment.
• Geosynchronous Satellite Launch Vehicle: An Indian launch vehicle designed to carry satellites toward high-altitude orbits, including missions requiring transfer toward geosynchronous orbit.

Tabular Summary:

---

Defence – Daily Current Affairs September 01

9. INS Nipun, commissioned into the Indian Navy, belongs to which class of Diving Support Vessels?
A) Nistar class
B) Nilgiri class
C) Kalvari class
D) Shivalik class
E) Kolkata class
Answer: A) Nistar class.

Event and Location:

• Event: INS Nipun, the Indian Navy’s second Nistar-class Diving Support Vessel, was commissioned to strengthen deep-sea diving, underwater intervention, salvage and submarine rescue capabilities.
• Location: Naval Dockyard, Mumbai, Maharashtra.
• Date: INS Nipun was commissioned on August 31, 2026.

Mandates and Objectives:

• Mandates: The indigenously built vessel is designed to conduct saturation, air and heliox diving, underwater inspections, specialist intervention, salvage operations and submarine rescue missions.
• Objectives: The commissioning aims to enhance the Indian Navy’s underwater operational readiness, emergency response capability and ability to assist distressed submarines of India and friendly countries.

Important Terms Explained:

• Diving Support Vessel (DSV): A specialised naval vessel designed to support deep-sea diving, underwater intervention, salvage and submarine rescue operations.
• Saturation Diving: A diving technique in which divers remain under pressure for extended periods, allowing them to work at significant depths without repeatedly undergoing lengthy decompression procedures.
• Dynamic Positioning System: A computer-controlled system that automatically maintains a vessel’s position and heading using its propulsion and thruster systems during specialised underwater operations.
• Humanitarian Assistance and Disaster Relief (HADR): Operations undertaken by military or civilian agencies to provide rescue, relief and logistical assistance during natural disasters and humanitarian emergencies.

Tabular Summary:

---

Schemes – Daily Current Affairs September 01

10. What is the total outlay notified by the Government of India for Semicon 2.0?
A) ₹75,000 crore
B) ₹90,000 crore
C) ₹1 lakh crore
D) ₹1.27 lakh crore
E) ₹1.50 lakh crore
Answer: D) ₹1.27 lakh crore.

Event and Location:

• Event: The Government of India notified Semicon 2.0 with an outlay of ₹1.27 lakh crore to expand the country’s semiconductor manufacturing, design, packaging, research and talent ecosystem.
• Location: India.
• Date: Semicon 2.0 was launched on August 31, 2026.

Mandates and Objectives:

• Mandates: The programme will provide financial and infrastructure support for semiconductor design, wafer fabrication, packaging, equipment and materials, research and development, and talent development through six pillars and ten categories.
• Objectives: The initiative aims to strengthen India’s position in the global semiconductor value chain, attract investment, expand domestic manufacturing and design capabilities, and develop a larger pool of skilled semiconductor professionals.

Important Terms Explained:

• India Semiconductor Mission (ISM): The nodal agency for Semicon 2.0 that will invite applications, conduct technical and financial evaluations, recommend applicants and support project implementation.
• Wafer Fabrication: The process of manufacturing semiconductor circuits on thin slices of semiconductor material, generally silicon, before they are cut and packaged into individual chips.
• Semiconductor Packaging: The process of enclosing and connecting fabricated semiconductor chips so that they can be protected and integrated into electronic systems.
• C-DAC: The Centre for Development of Advanced Computing, which may assist ISM in implementing selected semiconductor design and deployment categories under the programme.

Tabular Summary:

---

National Affairs – Daily Current Affairs September 01

11. Which two states signed the Sone River water-sharing agreement to resolve a nearly 25-year-old dispute?
A) Bihar and Uttar Pradesh
B) Jharkhand and Odisha
C) Bihar and Jharkhand
D) Bihar and Chhattisgarh
E) Jharkhand and West Bengal
Answer: C) Bihar and Jharkhand.

Event and Location:

• Event: Bihar and Jharkhand signed the Sone River water-sharing agreement to resolve their longstanding interstate water dispute and improve irrigation and drinking water availability.
• Location: The agreement covers water-sharing needs across Bihar and Jharkhand, particularly districts dependent on the Sone River system.
• Date: The exact signing date was not specified in the article.

Mandates and Objectives:

• Mandates: The agreement establishes cooperation between Bihar and Jharkhand for sharing Sone River water and was signed in the presence of Union Home Minister and Minister of Cooperation Amit Shah and the chief ministers of both states.
• Objectives: The agreement aims to improve irrigation for farmers, strengthen drinking water availability and resolve the nearly 25-year-old interstate water dispute through dialogue and cooperation.

Important Terms Explained:

• Cooperative Federalism: It refers to a system in which the Union and state governments work collaboratively while exercising their respective constitutional responsibilities to address common issues.
• Team Bharat: It refers to the approach highlighted in the article under which states retain their individual identity while cooperating with one another and the Union government to solve shared national and regional challenges.
• Inter-State Council: It is a constitutional mechanism for facilitating coordination, discussion and resolution of issues of common interest between the Union and state governments and among states.

Tabular Summary:

---

12. How much water is planned to be stored in the Nallamala Sagar Reservoir under Phase-I of the Pula Subbaiah Veligonda Project?
A) 8.50 TMC
B) 10.70 TMC
C) 18.82 TMC
D) 43.50 TMC
E) 53.85 TMC
Answer: B) 10.70 TMC.

Event and Location:

• Event: Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated Phase-I of the Pula Subbaiah Veligonda Project, aimed at improving irrigation and drinking water supply in drought-prone areas.
• Location: Gottipadiya, Andhra Pradesh, with benefits extending to parts of Prakasam, Nellore and Kadapa districts.
• Date: Phase-I of the project was inaugurated on August 31, 2026.

Mandates and Objectives:

• Mandates: The project is designed to divert 43.50 TMC of surplus floodwater from the Krishna River near the Srisailam Reservoir through two tunnels beneath the Nallamala hills using a gravity-flow system.
• Objectives: The project seeks to expand irrigation coverage, provide safe and fluoride-free drinking water, improve agricultural productivity and address chronic water scarcity in drought-affected regions of Andhra Pradesh.

Important Terms Explained:

• Gravity-Flow Irrigation: A water-transfer system in which water moves naturally due to differences in elevation, reducing dependence on electricity-intensive pumping.
• TMC: Thousand Million Cubic Feet is a unit commonly used in India to measure large quantities of water stored or transferred through reservoirs and irrigation projects.
• Ayacut: The agricultural area that receives irrigation water from a particular irrigation project, canal or reservoir system.
• Cusec: Cubic foot per second is a unit used to measure the rate of water flow through canals, tunnels or rivers.

Tabular Summary:

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs August 31