UPSC Civil Services Current Affairs Quiz: 2 September 2026

The backgrounder states that the updated series of annual and quarterly GDP estimates, released on 31 August 2026, takes 2022-23 as its base year.

The agency moved both the long-term foreign currency issuer rating and the long-term local currency issuer rating up by exactly one notch, from BBB+ to A-, and kept the outlook at stable.

That is the figure twenty IFSC Banking Units had sanctioned under the Reserve Bank's special swap facility for FCNR(B) deposits as on 31 August 2026, and about USD 52.82 billion of it had already been disbursed.

The Rules were notified by the Department of Consumer Affairs on 27 August 2026 and published in the Official Gazette on 29 August 2026, and the release states that they take effect 180 days from the date of that publication.

The release states that every awardee receives three things: a statuette, a certificate and award money of Rs 15 lakh.

The 16th edition of Aero India is scheduled there from 8 to 12 February 2027, in the state of Karnataka, and is organised by the Department of Defence Production under the Ministry of Defence.

The three-day meeting was held there from 1 to 3 September 2026, hosted by the Office of the Controller General of Patents, Designs and Trade Marks, which functions under the Department for Promotion of Industry and Internal Trade in the Ministry of Commerce and Industry.

The two formalised their partnership through an MoU at the event, marking a step towards stronger collaboration in landscape conservation, sustainable development, capacity building, knowledge exchange and nature-positive financing initiatives.

Double deflation is a production-side technique: gross output is deflated with one price index and intermediate consumption with another, and real Gross Value Added is what remains after subtracting the second from the first.

JCR noted that the Centre's fiscal deficit came down from 4.7 per cent in FY25 to 4.4 per cent in FY26, and that this happened while capital spending was kept high, with infrastructure investment given particular weight.

The release describes IFSCA as the unified regulatory authority set up by the Government of India under an Act of Parliament for the development and regulation of financial products, financial services and financial institutions in India's International Financial Services Centres.

It is India's National Metrology Institute, mandated to set up primary national standards and to disseminate them.

The award has exactly four categories and that is not one of them. Three of the four are defined by where the feat takes place, namely Land Adventure, Water Adventure and Air Adventure, and the fourth is Lifetime Achievement, which recognises a career rather than a single exploit.

It organises Aero India under the Ministry of Defence, which fits the show's purpose of displaying India's capability in aerospace and defence manufacturing and drawing in partnerships, investment and exports.

The release names their adoption as a major outcome of the deliberations, and explains their purpose: to guide result-oriented cooperation among the member offices, to promote cross-border innovation, and to strengthen joint efforts in shaping global intellectual property standards.

He opened the two-day workshop and delivered the inaugural address, in which he said that conservation with harmony and human-nature coexistence should be the foundation of ecological conservation.

The release says the first quarter of 2026-27 should be compared with the earlier first-quarter figure from the same series, and in doing so it names the current-price estimate for the quarter.

It is a multilateral development bank that lends to its member countries; it is not a credit rating agency and assigns no sovereign ratings, so it cannot appear in this list.

Indian banks raised that amount through bond listings on IFSC exchanges over the five months from April to August 2026.

CSIR-NPL, ISRO and the Legal Metrology Department jointly established secondary timescales at Regional Reference Standard Laboratories in Ahmedabad, Bengaluru, Bhubaneswar, Faridabad and Guwahati.

The list approved by the Government places Shiv Prasad Chamoli in that category, which honours a sustained record in adventure rather than one outstanding feat.

The release says exhibitor registration was scheduled to commence on that date through the dedicated portal www.aeroindia.gov.in, which was built to handle registration and the booking of exhibition space for both exhibitors and visitors.

The release states that about that many delegates took part in the meeting, through a mix of virtual and physical formats.

The release describes IBCA as a global platform for cooperation among countries and institutions working for the conservation of the seven big cat species, and notes its growing role under the vision of the Prime Minister.

Constant-price estimates for mining are built from the Index of Industrial Production, which grew -3.8 per cent in April, -1.4 per cent in May and 1.6 per cent in June, broadly matching real GVA growth of -2.4 per cent.