Daily Current Affairs — 09 September 2026
Daily Current Affairs · 09 September 2026
10 fully-analysed topics · 30 bilingual MCQs · 3 embedded videos · built for UPSC Prelims & Mains
🎯 30 MCQs
🎬 3 Videos
🇮🇳 Hindi + English
Current Affairs 09 September 2026 — Full Video (Hinglish)
Every major story of the day explained in Hinglish · by Current Affair Daily
Watch the full day's current affairs explained end to end, then test yourself on the topics below.
Economy
BRICS Proposed ‘POWER’ Framework and Alternative Payment Systems
Ahead of the 18th BRICS Summit in New Delhi, under India's chairmanship, BRICS finance ministries and central banks met in Jaipur to discuss…
- Effect of Policies & Politics of Countries on India's Interests
- Chinese diplomatic proposals, including the five-point 'POWER' framework, have brought the bloc's role in empowering the Global South into sharp…
- BRICS is exploring alternative cross-border payment systems using local currencies
- However, geopolitical differences, regulatory fragmentation, scalability, cybersecurity and yuan-dominance risks remain major challenges
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- P for Principle: Upholds the purposes and principles of the United Nations Charter
- O for Openness: Advocates for an open world economy centered around the multilateral trading system of the World Trade Organization (WTO)
- W for Win-Win: Aligns the BRICS agenda with the UN Sustainable Development Goals (SDGs) and post-2030 development planning
- E for Engine: Leverages the bloc's demographic and economic scale (representing nearly half the world's population
- R for Responsibility: Urges BRICS members to act as a stabilizing anchor for global peace and multipolarity
- Correspondent Banking Dependence: Payments between developing countries often pass through intermediary banks in major financial hubs
Which statement correctly describes BRICS Proposed ‘POWER’ Framework and …?
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IR
17th BRICS Summit
India's Prime Minister took part in the 17th BRICS Summit held in Rio de Janeiro
- Indonesia officially joined BRICS, while Belarus, Bolivia, Kazakhstan, Cuba, Nigeria, Malaysia, Thailand, Vietnam, Uganda, and Uzbekistan were…
- India will assume the BRICS Chairship and host the 18th BRICS Summit in 2026.
- Global Governance Reform: BRICS backed expansion of the UN Security Council to include more permanent members from Asia
- Sustainable Development: BRICS adopted the Leaders' Framework Declaration on Climate Finance to mobilize resources for developing countries and…
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- Peace and Security: BRICS reaffirmed "African Solutions to African Problems", called for a Gaza ceasefire and two-state solution
- Financial Cooperation: BRICS advanced talks on a Cross-Border Payments Initiative to reduce US dollar reliance
- Technology and Digital Economy: BRICS adopted the Leaders' Statement on Global AI Governance
- Health and Social Development: BRICS launched the Partnership for the Elimination of Socially Determined Diseases (Tuberculosis) to tackle health…
- Condemnation of CBAM: BRICS nations have 'condemned and rejected' the Carbon Border Adjustment Mechanisms (CBAM) of the European Union (EU) and…
- About: The acronym 'BRIC' was coined by British economist Jim O'Neill in 2001 to represent the emerging economies of Brazil, Russia, India, and China
Which statement correctly describes 17th BRICS Summit?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
IR
India at the G7 Summit 2026
The Prime Minister of India attended the 52nd G7 Summit Outreach Session (2026) at vian, France, held under the theme "Forging New Partnerships and Rebuilding International Solidarity."
- The summit brought together G7 nations, and provided India a key platform to champion the priorities of the Global South, address the global trust…
- Addressing the Global Trust Deficit: India emphasized that mutual trust is the world's most critical strategic asset
- Reforming the Development Paradigm: India called for moving beyond the traditional donor-recipient model towards partnerships based on equality
- Amplifying the Voice of the Global South: India reiterated that developing and middle-income countries seek equitable participation in global…
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- Showcasing India–Africa Cooperation: India highlighted its development partnership with Africa through targeted
- CEPA: Both sides are expediting negotiations to conclude the Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026 to double two-way…
- GSOIA: Agreed to launch negotiations on a General Security of Information Agreement (GSOIA) to deepen defence and intelligence cooperation.
- Raisina Americas: Announced the establishment of "Raisina Americas," a new geopolitical platform (mimicking the Raisina Dialogue model) designed to…
- IORA Backing: India officially expressed support for Canada becoming a Dialogue Partner of the Indian Ocean Rim Association (IORA).
- The Nuclear Energy Partnership: Recognizing Canada as an essential energy exporter
1. What is the significance of the G7 Outreach Session? The Outreach Session enables engagement between G7 nations and key developing countries
Which statement correctly describes India at the G7 Summit 2026?
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IR
De-Dollarization and India
Recent financial and currency initiatives, particularly within the BRICS+ framework, seek to lessen dependence on the US dollar-dominated system…
- Effect of Policies & Politics of Countries on India's Interests
- It refers to the process of reducing the dominance of the US dollar in global trade, finance, and foreign exchange reserves.
- It involves substituting the US dollar with other currencies or assets (such as gold
- mBridge Project: It is a digital cross-border payment system using Central Bank Digital Currencies (CBDCs)
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- BRICS+ group includes original BRICS nations i.e.
- Saudi Arabia and the UAE's non-dollar oil trades boost the petro-yuan by increasing demand and enhancing its credibility as a stable alternative to…
- Reduced Geopolitical Risks: Countries can insulate themselves from US sanctions and foreign policy decisions that leverage the dollar's dominance…
- E.g., rise of the petro-yuan and Indian rupee to create an alternative payment system.
- E.g., India trading oil with the UAE in rupees.
- E.g., China's digital yuan (e-CNY) and India's Digital Rupee (e₹).
Which statement correctly describes De-Dollarization and India?
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Economy
Central Bank Digital Currency
The Reserve Bank of India (RBI) has recommended placing a proposal to link BRICS countries' central bank digital currencies (CBDCs) on the agenda for the 2026 BRICS summit (host-India).
- The RBI's proposal builds on a 2025 declaration at a BRICS summit in Rio de Janeiro
- About: A CBDC is a digital form of a country's fiat currency, issued and backed directly by its central bank
- Techniques include encryption for data protection and digital signatures to authorize transactions.
- Privacy-enhancing methods like zero-knowledge proofs balance anonymity with regulation.
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- Key Characteristics: Issuer and Backing: Issued exclusively by the central bank, ensuring full faith and credit of the government
- Digital Nature: Exists solely in electronic form, recorded on centralized ledgers, distributed ledger technology, or hybrid systems
- Purpose and Availability: Designed as a complement to (not a replacement for) physical cash and existing bank deposits
- While no BRICS member has fully launched a digital currency, all five are running pilot projects.
- The main national CBDCs are Brazil's Drex (advanced pilot)
- Digital Currency: Digital currency is a form of currency that exists only in electronic form
Which statement correctly describes Central Bank Digital Currency?
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📜 Indian History MCQ Quiz · भारतीय इतिहास
10 bilingual MCQs · Indian History · Members Only on YouTube
Today's rotation: Indian History. Take this break between news topics to sharpen the core concept.
History
United Nations Day 2025
The world marks United Nations (UN) Day on 24th October 2025, celebrating 80 years since the UN was established in 1945.
- Effect of Policies & Politics of Countries on India's Interests
- About: The UN is an intergovernmental organization established after World War II
- The UN Charter was ratified by 51 nations, including the five permanent Security Council members (US, UK, USSR/Russia, China, France).
- Expanded focus to include health, environment, gender equality, human rights, and sustainable development.
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- Responded to global crises like pandemics, refugee movements, and climate change.
- Achieve international cooperation in solving global problems.
- Act as a center for harmonizing actions of nations to reach common objectives.
- Peacekeeping and Conflict Resolution: UN deployed over 70 peacekeeping missions since 1948 in conflict zones like Congo, Lebanon, and South Sudan
- UN agencies like World Food Programme (WFP) and United Nations High Commissioner for Refugees(UNHCR) provide food
- It is a committee set up by the UN Security Council and works under its supervision.
Which statement correctly describes United Nations Day 2025?
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❌ Not quite — that fact is from another headline. The green option is right.
Environment
UN Sustainable Development Report 2026
India ranked 94th out of 167 countries in the 2026 UN Sustainable Development Goals (SDG) Index
- Off Track for 2030: Globally, none of the 17 SDGs are on track to be achieved by 2030
- At the bottom of the index are Chad, the Central African Republic, and South Sudan due to conflict and instability.
- Major Global Mover: Since the SDGs were adopted in 2015
- Progress is stagnating, with child wasting rising to 19% (the highest globally), child stunting remaining severe at 29.3%, and undernourishment…
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- In health (SDG 3), mortality linked to air pollution and non-communicable diseases has worsened.
- The decline in SDG 13 is primarily driven by rising carbon dioxide emissions from fossil fuel combustion and cement production
- About: The Sustainable Development Goals (SDGs) are 17 interconnected goals with 169 targets
- Aim: To achieve peace, prosperity, and sustainable development by 2030 through global cooperation.
- Historical Evolution: The concept of sustainable development was defined in the 1987 United Nations Brundtland Commission
- Core Principles of 2030 Agenda for Sustainable Development: Based on Universality
Which statement correctly describes UN Sustainable Development Report 2026?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Economy
Unified Payments Interface (UPI)
The Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), has completed a decade of transforming India's digital payment ecosystem.
- About: Unified Payments Interface (UPI) is a real-time payment system developed by the NPCI that enables users to access multiple bank accounts…
- UPI ensures secure payments through two-factor authentication and end-to-end encryption.
- Launch of UPI (2016): UPI was launched on a pilot basis in April 2016 with 21 member banks and was made available to the public in August 2016…
- Invoice in the Inbox for viewing bills before payment authorisation.
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- Signed Intent and QR for secure payment approvals.
- Overdraft account linking for UPI transactions.
- UPI crossed one billion transactions per month in October 2019, reflecting rapid adoption.
- UPI 123PAY brought feature phone users into digital payments through IVR, missed calls, app-based, and proximity sound-based payments.
- UPI Lite enabled faster, low-value, PIN-less transactions.
- Credit cards were integrated with UPI, expanding payment options.
Which statement correctly describes Unified Payments Interface (UPI)?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Economy
Project Nexus of BIS
Recently, the Reserve Bank of India (RBI) has joined Project Nexus, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs).
- About: Project Nexus is conceptualised by the Innovation Hub of the Bank for International Settlements (BIS).
- It seeks to enhance cross-border payments by connecting multiple global domestic instant payment systems (IPS).
- It is the first BIS Innovation Hub project in the payments area to move towards live implementation.
- Project Nexus aims to connect the FPSs of four Association of Southeast Asian Nations (ASEAN) namely
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- Project Nexus aims to streamline how IPS connect globally
- This single connection allows a fast payment system to reach all other countries on the network
- The Reserve Bank of India has been collaborating bilaterally with various countries to link India's Fast Payments System (FPS) UPI
- Established in 1930, the BIS is owned by 63 central banks, representing countries from around the world that together account for about 95% of world…
- Its head office is in Basel, Switzerland and it has two representative offices (Hong Kong SAR and Mexico City), as well as Innovation Hub Centres…
- Innovation BIS 2025, is its medium-term strategy that leverages technology and new collaboration channels to serve the central banking community in…
Which statement correctly describes Project Nexus of BIS?
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Economy
Central Bank Digital Currency
Recently, the Governor of the Reserve Bank of India emphasised the innovative features being developed for India's Central Bank Digital Currency (CBDC), also known as the e-rupee.
- He emphasised the potential of features like permanent transaction deletion to boost user anonymity.
- About: A CBDC is a legal tender issued by a central bank in digital form
- A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver.
- The main objective is to mitigate the risks and trim costs in handling physical currency
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- It will also wean people away from cryptocurrencies as a means for money transfer.
- Bahamas was the first economy to launch its nationwide CBDC namely Sand Dollar in 2020.
- Nigeria is another country to have rolled out eNaira in 2020.
- China became the world's first major economy to pilot a digital currency e-CNY in April 2020.
- Enhanced Security: CBDCs leverage digital security measures, potentially reducing the risk of counterfeiting and theft compared to physical cash.
- Improved Efficiency: Digital transactions can be settled instantly and efficiently, facilitating faster and more cost-effective payments.
Which statement correctly describes Central Bank Digital Currency?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Simple Current Affairs MCQ — 09 September 2026
10 accessible MCQs covering the same topics · great for quick revision
End your study session with these simpler MCQs to lock in recall of today's current affairs.
