UPSC Current Affairs
Denmark Launches North Sea CO2 Storage and BRICS Explores AI Frameworks
9 stories · about 4 min read · quiz and Mains question at the end
Denmark Inaugurates Greensand Carbon Storage Facility in North Sea
Denmark has officially brought Project Greensand into operation in the North Sea. It represents the European Union's first full scale carbon dioxide storage site and integrated value chain. The facility allows captured carbon dioxide to be transported and stored permanently in depleted offshore oil reservoirs deep under the seabed.
India and Bhutan Deepen Bilateral Development Cooperation
India and Bhutan have reviewed and commended the progress made in their bilateral development cooperation. During a bilateral meeting, the foreign ministers of both countries discussed advancing multifaceted engagement. The focus areas included development partnership, energy cooperation, trade, regional connectivity, and culture.
Moody's Raises India's FY27 GDP Growth Forecast to 7%
Global rating agency Moody's has raised India's GDP growth forecast for the fiscal year 2027 to 7 percent. The agency cited India's economic resilience despite ongoing challenges in West Asia. However, it cautioned that elevated energy prices and El Nino related food price pressures remain key risks to inflation and overall consumption.
FSSAI Initiates Legal Action Against Nestle India Over Infant Nutrition Claims
The Food Safety and Standards Authority of India (FSSAI) has initiated legal action against Nestle India. The regulator has sought clarifications regarding specific nutritional claims on infant milk products. These claims relate to the presence of 5HMOs (Human Milk Oligosaccharides) and Whey Protein in their formulations.
Kodava Academy Seeks Review of CBSE Textbook Origin Claims
The Kodava Sahitya Academy has demanded a review of references to the Kodava community in a Class 10 CBSE English textbook. The chapter titled "Coorg" describes the community as being "possibly of Greek or Arabic descent". The Academy has raised objections to these descriptions of their origin and traditional attire, seeking historical accuracy.
Net Direct Tax Collection Surges 13 Percent to Over 12 Lakh Crore
India's net direct tax collection has registered a 13 percent growth, reaching over 12.12 lakh crore rupees as of mid-September 2026. Data from the Central Board of Direct Taxes (CBDT) also showed a significant 29.19 percent increase in refunds issued. This fiscal performance reflects strong domestic corporate and personal income tax revenues.
Bank of Japan Hikes Policy Rates to 31-Year High
The Bank of Japan has raised its benchmark interest rate to a 31-year high to battle rising domestic inflation. This rare policy tightening pressure increased as global oil prices surged due to the West Asia geopolitical crisis. The decision marks a significant departure from Japan's long standing ultra-loose monetary policy.
Kearney Study Suggests Reforms for Tamil Nadu's Fiscal Capacity
A study conducted by management consulting firm Kearney has analyzed the fiscal health of Tamil Nadu. The report states that the core challenge for the state is not excessive borrowing but lower efficiency in tax collection and spending compared to similar large states. It recommends targeted measures to enhance tax administration and streamline expenditures.
BRICS Explores Cooperative Framework on Artificial Intelligence Development
Member nations of the BRICS grouping are exploring a cooperative framework for Artificial Intelligence (AI) development. This initiative is being positioned as an alternative to the dominant geopolitical and West-centric models of AI governance. The framework seeks to foster inclusive, equitable, and development oriented AI technology sharing among emerging economies.
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