IBPS Current Affairs Quiz: 1 September 2026

The release from the Prime Minister's Office says that the 26th meeting of the Council of Heads of State of the Shanghai Cooperation Organisation was held at Bishkek, the capital of the Kyrgyz Republic, and that the Prime Minister took part in it on 1 September 2026 after the meeting…

Real GDP, that is GDP at constant prices, is estimated at ₹81.36 lakh crore for the first quarter of 2026-27, and that level represents growth of 7.8 per cent.

The arithmetic is easy to hold if the launch date is remembered: India Post Payments Bank was launched on 1 September 2018, so the same date in 2026 completes nine years of working.

The release says the campaign builds on its success over the last four years, which is the internal check an aspirant can apply: four earlier editions plus the one being launched makes this the fifth.

The release refers throughout to the ₹1 lakh crore Research, Development and Innovation Fund, and it is the size of that corpus that makes the Minister's appeal for outreach necessary: thousands of applications are arriving, some from applicants who do not appear to understand what the fund is for.

In his statement at Bishkek the Prime Minister recalled that at the previous summit he had set out three main pillars of India's thinking on the grouping, and that their initials spell the organisation's own short name: S for Security, C for Connectivity and O for Opportunity.

Every table in the release, whether the expenditure components, the sector-wise Gross Value Added or the revised annual estimates, is sourced to that ministry.

The release describes it as a launch for merchants, designed to simplify and strengthen the acceptance of everyday digital payments at their end.

The campaign is spearheaded by that ministry, and the minister who launched it, Dr Jitendra Singh, holds Earth Sciences as Minister of State with Independent Charge.

The board was created so that technologies would not remain confined to laboratories but would be translated into products, solutions and enterprises that bring ease of living, provide livelihoods and add to the economy of the country.

The Prime Minister said India would be glad to host the first edition of this forum later this year, and described it as an Indian flagship proposal meant to build civilisational exchanges among member states.

It grew 11.9 per cent in the first quarter of 2026-27 against 5.8 per cent in the same quarter of the previous year, and that jump is the sharpest change among the expenditure components listed.

The release gives this as the pan-India customer base as on 31 March 2026, and adds two shares worth remembering: 77 per cent of these customers are in rural areas and 49 per cent are women.

It is aimed at students and young people and is meant to build awareness of the environment; citizens can register for it and test their knowledge of the seas.

The Minister said start-ups are not confined to Bengaluru or Hyderabad and that more than 50 per cent of them come from smaller towns, a figure he used while asking for prevailing myths about entrepreneurship to be dispelled.

Besides the declaration and the four memoranda, the meeting also adopted more than twenty decisions and statements in fields such as climate, nuclear safety, energy conservation and the fight against drug addiction.

The annual revised estimates use new price and production indices on that base, including an Output Producer Price Index and a Banking Services Price Index, along with updated administrative data drawn from several sources.

India Post Payments Bank has been established under the Department of Posts, which sits in that ministry, and the entire equity of the bank is owned by the Government of India.

In his video message the Minister said India has one of the longest stretches of coastal area in the world, spanning more than that distance and extending from the eastern to the western parts of the country, and he used the figure to explain why a week-long national drive is…

Speaking about what lies ahead, the Minister noted that the RDI Fund is offering support at a later stage, at the TRL4 level, and that the Technology Development Board was the first to roll out its proposals under the fund.