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Daily Current Affairs 11th September 2025 Daily GK Update
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National News
India Launches World’s First Digital Tribal University ‘Adi Sanskriti’
- Minister of State for Tribal Affairs Durgadas Uikey launched the world’s first Digital Tribal University, Adi Sanskriti, at Bharat Mandapam, New Delhi.
- Adi Sanskriti is a digital academy and e-learning platform with an online marketplace for tribal art, culture, crafts, and knowledge systems for both national and global audiences.
- The initiative aims to preserve tribal heritage, create livelihood opportunities, and empower communities while promoting dignity and cultural preservation at the grassroots level.
NCEL and APEDA Join Hands to Boost Cooperative-Led Agricultural Exports and Strengthen Farmers’ Global Market Access
- National Co-operative Exports Limited (NCEL) and the Agricultural and Processed Food Products Export Development Authority (APEDA) signed an MoU to boost cooperative-led agricultural exports.
- The partnership will focus on training, capacity building, quality compliance, international branding, market intelligence, and commodity-specific export strategies, helping farmers secure better value and global market access.
- By integrating NCEL’s extensive cooperative network with APEDA’s export facilitation and infrastructure, the MoU aims to build a resilient export ecosystem, enhance rural livelihoods, and reinforce India’s cooperative movement in line with the National Cooperation Policy.
Dharmendra Pradhan Inaugurates India’s First Overseas Atal Innovation Centre at IIT Delhi–Abu Dhabi
- Union Education Minister Dharmendra Pradhan inaugurated India’s first overseas Atal Innovation Centre at the IIT Delhi–Abu Dhabi campus during his two-day visit to the UAE.
- Two academic programs were launched at the campus: a Ph.D. in Energy and Sustainability and a B.Tech in Chemical Engineering, promoting research and innovation.
- Minister Pradhan held talks with Sara Musallam, Chairperson of ADEK, to strengthen educational cooperation, including Indian curriculum schools, Atal Innovation Labs, student exchanges, and teacher exchange programs.
Banking & Financial News
PhonePe Partners with Sidbi to Drive Digital Udyam Assist Registration for Micro Enterprises
- PhonePe signed an MoU with Small Industries Development Bank of India (SIDBI) to provide end-to-end digital Udyam Assist registration services for micro enterprises and merchants.
- The partnership will help formalise Informal Micro Enterprises (IMEs) by enabling digital-first Udyam Assist registration, giving them access to government schemes, credit facilities, and the digital payments ecosystem.
- The Udyam Assist Platform (UAP), launched in January 2023 under the Ministry of MSME’s Formalisation Project, is designed to facilitate online registration for IMEs.
- Over the past two years, the Udyam Assist Platform has issued more than 2.75 crore Udyam Assist Certificates, becoming a major driver for the formalisation of non-GST registered IMEs.
Jio Financial Services and Allianz Launch 50:50 Reinsurance Joint Venture in India
- Jio Financial Services Ltd (JFSL) and Germany’s Allianz have launched a 50:50 joint venture named Allianz Jio Reinsurance Ltd (AJRL) to operate in the Indian reinsurance sector.
- AJRL has been incorporated with an initial investment of ₹2.50 lakh for 25,000 equity shares and has received all necessary approvals from the Insurance Regulatory and Development Authority of India and the Ministry of Corporate Affairs.
- The partnership combines JFSL’s local expertise and digital reach with Allianz’s global underwriting and reinsurance capabilities, leveraging Allianz’s existing portfolios and international experience for India’s growing insurance market.
RBI Raises ₹14,900 Crore Through State Government Securities Auction
- The RBI’s latest auction of state government securities raised a total of ₹14,900 crore from six states, out of ₹15,300 crore on offer. Nagaland did not accept bids for its 10-year security.
- Bihar mobilized the highest amount of ₹6,000 crore across five, nine, and eleven-year tenors, with yields ranging from 7.02% to 7.52%.
- Madhya Pradesh and Maharashtra raised ₹4,000 crore and ₹3,000 crore respectively through bonds of varying maturities, while Goa, Haryana, and Jammu & Kashmir raised smaller amounts.
- The auction is part of the RBI’s routine market borrowing programme, helping states raise funds for development and budgetary needs.
Fitch Raises India’s FY25 Growth Forecast to 6.9% on Strong April–June Performance
- Fitch Ratings revised India’s FY25 growth forecast upward by 40 bps to 6.9%, citing stronger-than-expected April–June GDP growth of 7.8% and modest consumption boost from GST rate cuts.
- Growth is expected to remain domestically driven, led by consumer spending, strong real incomes, and investment-friendly financial conditions, though Fitch projects a slowdown to 6.3% in FY27 and 6.2% in FY28.
- In April–June, manufacturing grew 7.7% and services grew 9.3%, contributing 17% and 68% respectively to overall growth — accounting for 85% of total GVA expansion.
GDP Projection List 2025
- SBI – 6.35 (FY26)
- Nomura – 6.2 % (FY26)
- IMF – 6.4% (FY25), 6.4% (FY26)
- India Ratings & Research – 6.3% (FY26)
- ADB –6.5%(FY26), 6.7% (FY27)
- CRISIL – 6.5% (FY26)
- COECD – 6.3 % (FY26)
World Bank Approves $212.64 Million Loan for Coastal Resilience and Eco-Tourism in Tamil Nadu & Karnataka
- The World Bank approved a $212.64 million loan under the first phase of the SHORE Programme to support coastal communities in Tamil Nadu and Karnataka, with a maturity of 23 years (including 6.5 years grace period).
- The project will benefit around 100,000 people through skill development, eco-tourism, and waste management, including training 70,000 people (especially women) in sustainable tourism and related sectors.
- Conservation efforts include restoring 30,000 hectares of seascapes with mangroves, sand dunes, and hybrid infrastructure, while also funding plastic waste reduction and public awareness campaigns to benefit about 120,000 people.
Recent Loan approved by Foreign Financial Institution
- ADB approved a ₹975.26 crore loan to develop world-class infrastructure across nine industrial zones in Tripura
- India and ADB sign $85.4 million loan to finance critical industrial infrastructure in the nine industrial estates of Tripura.
- Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels
- India and ADB sign $500 million loan to support sustainable infrastructure projects
- India signs $350 million loan agreement with ADB to expand manufacturing sector
Appointments
Abhishek Maheshwari Appointed MD & CEO of International Asset Reconstruction Company
- International Asset Reconstruction Company appointed Abhishek Maheshwari as its new Managing Director & CEO.
- He has 20+ years of expertise in distressed debt management, collections, and recovery across global markets.
- Maheshwari is an IET Lucknow B.Tech graduate and IIM Bangalore MBA, with leadership experience in India, US, UK, Europe, and Asia-Pacific.
Recent Appointments
- MD of Credifin Limited – Shalya Gupta; for 5 years
- CEO of Hero MotoCorp – Harshavardhan Chitale (replace Vikram Kasbekar); effect from January 2026
- CMD of NHPC Ltd – Bhupender Gupta
- Secretary of Ministry of Mines – Piyush Goyal
- CEO of the Food Safety and Standards Authority of India (FSSAI) – Rajit Punhani (replace GKV Rao)
Sports
Verstappen Secures First Victory Since May at 2025 Italian Grand Prix
- Max Verstappen won the Italian Grand Prix 2025 (Monza), marking his first victory since May and his third win of the season, after also setting the fastest lap in Formula 1 history to secure pole position.
- McLaren drivers Lando Norris and Oscar Piastri finished second and third respectively, with Norris narrowing the title race gap to Piastri to 31 points.
- Ferrari’s Charles Leclerc secured fourth place, while Lewis Hamilton delivered a strong comeback drive to finish sixth.
Recent 2025 F1 Grand Prix Winner
- Australian Grand Prix – McLaren’s Lando Norris (Britain)
- Chinese Grand Prix – McLaren’s Oscar Piastri (Australia)
- Japanese Grand Prix – Red Bull’s Max Verstappen (Netherlands)
- Bahrain Grand Prix – McLaren’s Oscar Piastri (Australia)
- Saudi Arabian Grand Prix – McLaren’s Oscar Piastri (Australia)
- Miami Grand Prix – McLaren’s Oscar Piastri (Australia)
- Emilia Romagna Grand Prix – Red Bull’s Max Verstappen (Netherlands)
- Monacoo Grand Prix – McLaren’s Lando Norris (Britain)
- Spainish Grand Prix – McLaren’s Oscar Piastri (Australia)
- Canada Grand Prix – Mercedes’s George Russell (Britian)
- Austria Grand Prix – McLaren’s Lando Norris (Britain)
- Great Britain Grand Prix – McLaren’s Lando Norris (Britain)
- Belgian Grand Prix – McLaren’s Oscar Piastri (Australia)
- Hungarian Grand Prix – McLaren’s Lando Norris (Britain)
- Netherland Grand Prix – McLaren’s Oscar Piastri (Australia)
Defence
Indian Armed Forces contingent leaves for multilateral exercise ZAPAD 2025 in Russia
- An Indian Armed Forces contingent of 65 personnel (57 Army, 7 Air Force, 1 Navy) departed for Russia to participate in the multilateral joint military exercise ZAPAD 2025 at Mulino Training Ground, Nizhniy, from September 10 to 16.
- The Army team is led by a battalion of the Kumaon Regiment, supported by troops from other arms and services, to represent India in the exercise.
- ZAPAD 2025 aims to enhance military cooperation and interoperability, focusing on joint company-level operations, mission planning, tactical drills, conventional warfare, counter-terrorism, and integration of emerging technologies in a multinational environment.
Science and Tech
ISRO Transfers SSLV Technology to HAL in Landmark 100th Agreement to Boost India’s Space Industry
- ISRO signed a technology transfer agreement with Hindustan Aeronautics Limited (HAL) on September 10, 2025, for the production of Small Satellite Launch Vehicles (SSLVs), marking the 100th technology transfer facilitated by INSPACe.
- The agreement, signed in Bengaluru with participation from NSIL and INSPACe, aims to complete the technology transfer within 24 months, with ISRO providing training and technical support to HAL.
- HAL, which outbid an Adani Group–backed consortium, will acquire full know-how to independently build SSLVs for both domestic and international markets, strengthening India’s space manufacturing ecosystem.
- Leaders from ISRO, INSPACe, and HAL emphasized that the collaboration will boost India’s self-reliance in space technology, create a hub for affordable, reliable small-satellite launches, and open new opportunities in the commercial space sector.
Important Days
11 September – World First Aid Day
- World First Aid Day is observed every year on 11 September.
- Objective – To raise awareness about the vital role of first aid in preventing injuries and saving lives.
- Theme 2025 – First Aid and Climate Change
- Established by the International Federation of Red Cross and Red Crescent Societies (IFRC), this annual event takes place on the second Saturday of September.
11 September – National Forest Martyrs Day
- September 11 is observed as National Forest Martyrs Day to remember the forest personnel who laid down their lives in the line of duty.
- The day honors their courage, sacrifice, and commitment towards protecting India’s forests and wildlife.
- It highlights the risks and challenges forest officers face, including encounters with poachers and natural hazards.
- National Forest Martyrs Day also serves to promote awareness of forest conservation and the importance of safeguarding biodiversity.
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