Daily Current Affairs September 02
Table of Contents
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September 02 | Daily Current Affairs 2026
Important Days – Daily Current Affairs September 02
1. On which date is World Coconut Day observed annually?
A) August 30
B) September 1
C) September 2
D) September 4
E) September 5
Answer: C) September 2.
Event and Location:
- Event: World Coconut Day 2026 was observed to highlight the agricultural, economic, nutritional, and livelihood importance of coconuts.
- Location: The observance has global relevance, particularly in tropical, coastal, and Asia-Pacific regions where coconut cultivation is widespread.
- Date: September 2, 2026.
Mandates and Objectives:
- Mandates: The observance promotes awareness about the diverse uses of the coconut palm and recognizes its contribution to agriculture, food production, trade, household products, and coconut-growing communities.
- Objectives: It aims to highlight the economic value of coconut cultivation, support awareness of sustainable agriculture, and educate people about the multiple uses of coconut and its different parts.
Important Terms Explained:
- International Coconut Community (ICC): It is the organization associated with World Coconut Day and was formerly known as the Asian and Pacific Coconut Community.
- Tree of Life: It is a popular description of the coconut palm because its water, milk, pulp, oil, husk, shell, and leaves can be used for numerous purposes.
- Coir: It is a natural fibre obtained from coconut husk and is used to manufacture products such as ropes, mats, brushes, and carpets.
- Drupe: It is the botanical category to which coconut is generally classified, although coconut is commonly called a nut in everyday usage.
Tabular Summary:
| Parameter | Details |
| Event name | World Coconut Day 2026. |
| Date | September 2, 2026. |
| Day | Wednesday. |
| Associated organisation | International Coconut Community, formerly known as the Asian and Pacific Coconut Community. |
| First celebration | World Coconut Day was first celebrated in 2009. |
| Main purpose | To highlight the agricultural and economic value of coconuts and the livelihoods dependent on coconut cultivation. |
| Major uses | Coconut water, meat, milk, oil, husk, shell, and leaves are used for food, beverages, personal care, household products, crafts, and roofing. |
| Significance | The observance promotes awareness of coconut cultivation, sustainable agriculture, natural resources, and coconut-dependent communities. |
Banking and Finance – Daily Current Affairs September 02
2. What was the record UPI transaction volume recorded in August 2026?
A) 22.51 billion
B) 23.20 billion
C) 23.66 billion
D) 24.51 billion
E) 25.10 billion
Answer: D) 24.51 billion.
Event and Location:
- Event: Unified Payments Interface (UPI) transactions reached an all-time high of 24.51 billion in August 2026, with a total value of ₹29.82 trillion.
- Location: India.
- Date: August 2026.
Mandates and Objectives:
- Mandates: The National Payments Corporation of India (NPCI) reported that UPI transaction volume increased by 3.6% month-on-month and 22% year-on-year in August 2026, while average daily transactions rose to 791 million.
- Objectives: The data reflects the growing adoption and scale of digital payments in India by tracking transaction volumes, values, daily usage, and performance across major payment systems.
Important Terms Explained:
- IMPS: Immediate Payment Service is an electronic funds transfer system that enables instant interbank transfers through digital channels.
- FASTag: It is an electronic toll collection system that enables automatic payment of highway toll charges using radio-frequency identification technology.
- AePS: Aadhaar Enabled Payment System is a bank-led payment service that allows customers to perform basic banking transactions using Aadhaar authentication.
Tabular Summary:
| Parameter | Details |
| UPI transaction volume | UPI processed a record 24.51 billion transactions in August 2026. |
| UPI transaction value | The total value of transactions stood at ₹29.82 trillion. |
| Monthly growth | UPI transaction volume increased by 3.6% compared with July 2026. |
| Yearly growth | Transaction volume rose by 22%, while transaction value increased by 20% compared with August 2025. |
| Daily transaction volume | Average daily UPI transactions increased to 791 million from 763 million in July. |
| Previous monthly record | UPI processed 23.66 billion transactions worth ₹29.88 trillion in July 2026. |
| IMPS and FASTag trend | IMPS transactions fell to 360 million, while FASTag transactions increased to 351 million. |
| AePS trend | AePS transactions increased by 4% month-on-month to 104 million, while transaction value declined by 5% to ₹26,035 crore. |
Business and Economy – Daily Current Affairs September 02
3. What was India’s Current Account Deficit in Q1 FY27 according to RBI data?
A) $3.4 billion
B) $4.2 billion
C) $5.2 billion
D) $6.1 billion
E) $8.6 billion
Answer: B) $4.2 billion.
Event and Location:
- Event: India’s Current Account Deficit (CAD) widened to $4.2 billion, equivalent to 0.5% of GDP, in Q1 FY27.
- Location: India.
- Date: September 1, 2026.
Mandates and Objectives:
- Mandates: The Reserve Bank of India (RBI) released data showing that India’s CAD increased from $3.4 billion, or 0.4% of GDP, in Q1 FY26 to $4.2 billion, or 0.5% of GDP, in Q1 FY27, mainly due to a wider merchandise trade deficit.
- Objectives: The data assesses India’s external sector position by tracking merchandise trade, services exports, remittances, foreign direct investment, and other cross-border transactions.
Important Terms Explained:
- Merchandise Trade Deficit: It is the gap that arises when the value of a country’s merchandise imports exceeds the value of its merchandise exports.
- Net Services Exports: It refers to the surplus earned when receipts from exported services exceed payments for imported services, helping offset part of the goods trade deficit.
- Personal Transfer Receipts: These mainly represent remittances received from individuals living abroad and contribute foreign exchange to the domestic economy.
- Foreign Direct Investment (FDI): It refers to investment by a foreign entity in a business or productive asset of another country with a lasting economic interest.
- Balance of Payments (BoP): It is the systematic record of all economic transactions between residents of a country and the rest of the world during a given period.
Tabular Summary:
| Parameter | Details |
| Current account deficit | India’s CAD stood at $4.2 billion, or 0.5% of GDP, in Q1 FY27. |
| Previous-year CAD | CAD was $3.4 billion, or 0.4% of GDP, in Q1 FY26. |
| Merchandise trade deficit | It widened to $86.1 billion from $68.9 billion a year earlier. |
| Net services exports | They increased to $51.6 billion from $47.9 billion in the corresponding quarter of FY26. |
| Personal transfer receipts | Remittances rose to $42.9 billion from $33.2 billion a year earlier. |
| Net FDI inflows | They increased to $6.1 billion from $5.2 billion in Q1 FY26. |
| Key pressure factor | The larger merchandise trade deficit was the main factor behind the widening CAD. |
| Supporting factors | Services receipts, remittances, and FDI inflows helped strengthen India’s external position. |
Appointments – Daily Current Affairs September 02
4. Who was appointed as Executive Director of the Reserve Bank of India with effect from September 1, 2026?
A) Suman Ray
B) Rajesh Verma
C) Ajay Seth
D) T. Rabi Sankar
E) M. Rajeshwar Rao
Answer: A) Suman Ray.
Event and Location:
- Event: The Reserve Bank of India (RBI) appointed Suman Ray as Executive Director, entrusting him with responsibility for DICGC and the Premises Department.
- Location: India.
- Date: September 1, 2026.
Mandates and Objectives:
- Mandates: As Executive Director, Suman Ray will oversee the Deposit Insurance and Credit Guarantee Corporation (DICGC) and the Premises Department after being promoted from his previous position as RBI Regional Director for Maharashtra.
- Objectives: The appointment places an experienced central banker with over three decades of service in charge of key functions related to deposit insurance and RBI premises administration.
Important Terms Explained:
- Executive Director: An Executive Director is a senior management official in the RBI responsible for supervising specified departments and operational functions of the central bank.
- Premises Department: It is the RBI department responsible for matters related to the central bank’s office premises, infrastructure, and associated administrative functions.
- Central Board of Directors: It is the RBI’s governing board constituted under the RBI Act and includes official and non-official directors appointed according to the prescribed framework.
Tabular Summary:
| Parameter | Details |
| Appointee | Suman Ray was appointed Executive Director of the RBI. |
| Effective date | His appointment took effect on September 1, 2026. |
| Previous position | He served as RBI Regional Director for Maharashtra. |
| Key responsibility | He will oversee DICGC and the Premises Department. |
| Experience | He has served with the RBI for more than three decades. |
| Areas of expertise | His experience includes currency management, financial inclusion, payments and settlements, consumer education and protection, and human resources. |
| Previous board role | He has also served as Secretary to the Western Area Local Board. |
| RBI governance structure | RBI affairs are overseen by a 21-member Central Board of Directors appointed under the RBI Act framework. |
5. Who became the first woman officer from the non-medical cadre in the Indian Defence Forces to be promoted to the rank of Air Vice Marshal or equivalent?
A) Shakti Sharma
B) Shivangi Singh
C) Bhawana Kanth
D) Avani Chaturvedi
E) Mohana Singh
Answer: A) Shakti Sharma.
Event and Location:
- Event: AVM Shakti Sharma became the first woman officer from the non-medical cadre in the Indian Defence Forces to be promoted to the rank of Air Vice Marshal or equivalent.
- Location: Air Headquarters, India.
- Date: September 1, 2026.
Mandates and Objectives:
- Mandates: Shakti Sharma was appointed Assistant Chief of the Air Staff (Education) at Air Headquarters after more than three decades of service in the Indian Air Force.
- Objectives: Her new role involves responsibilities connected with education within the Air Force, building on her extensive experience across training institutions, field formations, command headquarters, and Air Headquarters.
Important Terms Explained:
- Air Vice Marshal: Air Vice Marshal is a two-star officer rank in the Indian Air Force and represents a senior level of command and leadership.
- Indian Air Force Education Branch: It is the branch in which Shakti Sharma was commissioned in 1994 and through which she served in education, training, and institutional assignments.
- IAF Chair of Excellence: It is an academic initiative established with Shakti Sharma’s contribution at IIT Kanpur and Pune University to strengthen academic engagement and strategic defence-related cooperation.
- Sainik School: It is an educational institution oriented towards preparing students for careers in the armed forces and other leadership roles, and Shakti Sharma served as Principal of Sainik School, Kapurthala.
Tabular Summary:
| Parameter | Details |
| Officer | Shakti Sharma became the first non-medical cadre woman officer in the Indian Defence Forces to attain the rank of Air Vice Marshal or equivalent. |
| New appointment | She was appointed Assistant Chief of the Air Staff (Education). |
| Effective date | Her new assignment took effect on September 1, 2026. |
| Commissioning | She joined the Indian Air Force Education Branch on June 18, 1994. |
| Service experience | She has completed more than three decades of military service. |
| Academic contribution | She contributed to establishing the IAF Chair of Excellence at IIT Kanpur and Pune University. |
| Sainik School milestone | She became the first officer from the Tri-Services to command a Sainik School and served as Principal of Sainik School, Kapurthala. |
| Career exposure | Her assignments have included training institutions, field formations, command headquarters, and Air Headquarters. |
6. Who was appointed as the first Chief Executive Officer of the Shri Ram Janmabhoomi Teerth Kshetra Trust?
A) Jeetendra Mishra
B) R. K. Bhadauria
C) B. S. Dhanoa
D) Arup Raha
E) Vivek Ram Chaudhari
Answer: A) Jeetendra Mishra.
Event and Location:
- Event: Retired Air Marshal Jeetendra Mishra was appointed as the first Chief Executive Officer of the Shri Ram Janmabhoomi Teerth Kshetra Trust.
- Location: Ayodhya, Uttar Pradesh.
- Date: The appointment was reported on September 2, 2026.
Mandates and Objectives:
- Mandates: The Shri Ram Janmabhoomi Teerth Kshetra Trust created the CEO position to strengthen its administrative and financial management, particularly in relation to temple donations.
- Objectives: The appointment aims to improve professional oversight of the trust’s administration and finances by bringing in an experienced former Indian Air Force officer with extensive operational and leadership experience.
Important Terms Explained:
- Chief Executive Officer (CEO): A CEO is the senior executive responsible for overseeing an organisation’s administration, management, and implementation of key operational decisions.
- Fighter Combat Leader: It refers to a specially qualified fighter pilot trained to lead and conduct complex combat aviation missions.
- Experimental Test Pilot: It refers to a pilot trained to evaluate aircraft, systems, and technologies through specialised flight-testing procedures.
- Indian Air Force (IAF): It is the air arm of the Indian Armed Forces in which Jeetendra Mishra served for more than three decades after being commissioned as a fighter pilot in 1986.
Tabular Summary:
| Parameter | Details |
| Appointee | Retired Air Marshal Jeetendra Mishra was appointed as the trust’s first CEO. |
| Organisation | Shri Ram Janmabhoomi Teerth Kshetra Trust. |
| Location | Ayodhya, Uttar Pradesh. |
| Career entry | Mishra was commissioned into the Indian Air Force as a fighter pilot on December 6, 1986. |
| Flying experience | He has more than 3,000 hours of flying experience. |
| Professional expertise | He has served as a fighter combat leader and experimental test pilot. |
| Selection process | Around 5,200 applications were received, of which 18 candidates were shortlisted for interviews. |
| Purpose of appointment | The CEO position was created to strengthen the trust’s administrative and financial management. |
Science and Technology – Daily Current Affairs September 02
7. Which country became the 71st signatory to the Artemis Accords in August 2026?
A) Türkiye
B) Brazil
C) Indonesia
D) Malaysia
E) Argentina
Answer: A) Türkiye.
Event and Location:
- Event: Türkiye became the 71st signatory to the Artemis Accords, joining the international framework for peaceful and cooperative exploration of the Moon, Mars, and beyond.
- Location: NASA Headquarters, Washington, D.C., United States.
- Date: August 31, 2026.
Mandates and Objectives:
- Mandates: Türkiye’s Minister for Industry and Technology, Mehmet Fatih Kacır, signed the Artemis Accords at NASA Headquarters, formally committing Türkiye to shared principles for responsible civil space exploration.
- Objectives: The agreement aims to strengthen peaceful international space cooperation, transparency, scientific data sharing, astronaut assistance, interoperability, protection of space heritage, and responsible use of space resources.
Important Terms Explained:
- NASA: The National Aeronautics and Space Administration is the United States civil space agency and a key initiator of the Artemis Accords along with the U.S. Department of State.
- Turkish Space Agency (TUA): It is Türkiye’s national space agency and is expected to expand cooperation with NASA in areas such as scientific research and space exploration.
- AYAP-1: It is Türkiye’s planned first lunar mission and forms part of the country’s expanding national space programme.
- Interoperability: It refers to designing space systems so that they can work effectively with systems operated by other participating countries, improving safety and cooperation.
Tabular Summary:
| Parameter | Details |
| New signatory | Türkiye became the 71st signatory to the Artemis Accords. |
| Signing date | The agreement was signed on August 31, 2026. |
| Signing location | The signing took place at NASA Headquarters in Washington, D.C. |
| Signatory official | Türkiye’s Minister for Industry and Technology, Mehmet Fatih Kacır, signed the agreement. |
| NASA official | NASA Administrator Jared Isaacman announced and welcomed Türkiye’s participation. |
| Nature of agreement | The Artemis Accords are a non-binding framework for responsible civil exploration and use of outer space. |
| Core principles | The accords promote peaceful exploration, transparency, interoperability, emergency assistance, scientific cooperation, and protection of space heritage. |
| Türkiye’s space plans | Türkiye is expanding its national space programme and preparing for its first lunar mission, AYAP-1. |
Schemes – Daily Current Affairs September 02
8. What is the maximum annual deposit allowed under Sukanya Samriddhi Yojana?
A) ₹50,000
B) ₹1 lakh
C) ₹1.25 lakh
D) ₹1.5 lakh
E) ₹2 lakh
Answer: D) ₹1.5 lakh.
Event and Location:
- Event: Sukanya Samriddhi Yojana is a government-backed small savings scheme designed to build long-term savings for the financial needs of a girl child.
- Location: India.
- Date: The scheme was introduced in 2015 under the Beti Bachao, Beti Padhao programme.
Mandates and Objectives:
- Mandates: The scheme allows a parent or legal guardian to open an account for an eligible girl child below 10 years of age, with annual deposits ranging from ₹250 to ₹1.5 lakh for 15 years.
- Objectives: It aims to encourage long-term financial savings for a girl child and support future expenses such as higher education while providing government-backed returns and tax benefits.
Important Terms Explained:
- Sukanya Samriddhi Yojana (SSY): It is a Government of India small savings scheme launched in 2015 to encourage parents and guardians to save for the future financial needs of a girl child.
- Beti Bachao, Beti Padhao: It is the programme under which SSY was introduced, with a broader focus on the welfare, protection, and education of girl children.
- Section 80C: It is a provision of the Income Tax Act under which eligible contributions to SSY can be claimed as a tax deduction, subject to applicable rules.
- Compounding of Interest: It refers to earning interest on both the deposited amount and accumulated interest, helping the account balance grow over the long term.
Tabular Summary:
| Parameter | Details |
| Scheme name | Sukanya Samriddhi Yojana. |
| Launch year | The scheme was introduced in 2015. |
| Eligibility | An account can be opened for an eligible resident Indian girl child below 10 years of age. |
| Deposit limit | The minimum annual deposit is ₹250 and the maximum is ₹1.5 lakh. |
| Deposit period | Contributions can be made for 15 years from the date of account opening. |
| Maturity period | The account normally matures 21 years from the date of opening. |
| Interest rate | The rate mentioned for July–September 2026 is 8.2% per annum. |
| Withdrawal and tax benefit | Partial withdrawal of up to 50% of the eligible balance is permitted for higher education subject to conditions, while eligible deposits qualify for tax deduction under Section 80C. |
Over All Review
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Important Days
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Banking and Finance
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Business and Economy
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Appointments
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Science and Technology
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Schemes
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