Current Affairs

Current Affairs — 25 September 2026

25 September 2026
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Governance & PolityInternational Relations

India's Push for a Rules-Based Order at the UN Signals Stronger Global Leadership

India and the European Union are set to sign two diplomatic accords following Prime Minister Narendra Modi's visits to Canada, the U.S., and Belgium. These developments coincide with India's efforts to champion a multipolar, inclusive global order through dialogue and development. The upcoming FTAs with major western partners aim to deepen economic ties, while India continues to advocate for greater representation of the Global South in international governance, strengthening its position as a vital bridge-builder among nations.

  • India and the European Union are set to sign two diplomatic accords.
  • Prime Minister Narendra Modi undertook diplomatic visits to Canada, the U.S., and Belgium to negotiate FTAs.
  • India strongly advocates for a multipolar, inclusive global order with increased representation for the Global South.
Exam Points
  • Date of publication referenced: 24th September 2026
  • Key regions involved: European Union, Canada, U.S., and Belgium
  • Strategic focus: Multilateral system reforms, Global South representation, and Free Trade Agreements
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Economy & Finance

Bank Credit Growth Picks Up in August, Showing Signs of Economic Revival

According to the latest RBI data, total bank credit grew by 11.3% year-on-year in August 2026, marking an improvement from 10.8% in July. This pickup is primarily led by robust performances in the services, retail, and MSME sectors, reflecting strengthening domestic demand and improving business confidence. Economists view this upward trend as a positive indicator for achieving inclusive growth, stability, and supporting the broader objective of maintaining momentum in the real economy amid stable interest rates.

  • Total bank credit grew by 11.3% (YoY) in August 2026, up from 10.8% in July.
  • Growth was primarily driven by strong performances in the services, retail loans, and MSME segments.
  • Industrial sector credit grew by 9.7% YoY, indicating stability in manufacturing and capital goods.
Exam Points
  • Date of publication referenced: 25th September 2026
  • Total bank credit growth rate in August 2026: 11.3% YoY
  • Services sector credit growth rate: 13.4% YoY
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