₹18,100 Cr PLI Scheme: Global Bids for 10 GWh ACC Battery Manufacturing Invited

V2V Tech Mandate, Hanging Glacier Threat, Indus Waters Treaty, ONGC Deep-Sea Drilling, Semicon 2.0, GDP 7.8%: Sep 1 UPSC Key

A comprehensive UPSC current affairs compilation covering six critical topics: mandatory V2V communication for road safety, hanging glacier instability in the Himalayas, India's rejection of the Court of Arbitration's ruling on Indus Waters Treaty, ONGC's Rs 1 lakh crore deep-sea drilling plan, the Rs 1.27 lakh crore Semicon 2.0 chip design programme, and India's Q1 GDP growth at 7.8%. Each topic is linked to specific syllabus areas and includes exam-style practice questions.

IMF: Global Economy Weathered Strait of Hormuz Oil Shock via AI Investment Boom, Reserves Drawdown

IMF MD Kristalina Georgieva states the global economy has weathered the oil shock from the Strait of Hormuz closure 'better than feared' due to strategic reserve drawdowns and an AI-driven investment boom. However, risks remain tilted to the downside with rising bond yields, stalled disinflation, and the threat of renewed energy price spikes as winter approaches.

Govt to Launch Lithium-Nickel Scheme; 4 States Identified for Critical Mineral Processing

India is launching a new scheme to process lithium and nickel, critical for EV batteries, with four states identified as hubs. The government has flagged the contradiction of exporting raw minerals while being 100% import-dependent on key minerals, signaling a strategic push toward self-reliance and value addition.

ICAI Issues SSA 5000 for Sustainability Assurance, Effective April 1, 2027

ICAI has issued SSA 5000, a new standard for sustainability assurance effective April 1, 2027, aimed at bringing audit-like discipline to ESG disclosures and combating greenwashing. This is a critical regulatory shift for listed companies and the growing sustainability consulting market.

India's Next Energy Transition: Electrifying Industrial Heat for MSMEs, Manufacturing Competitiveness

India's next energy transition phase targets electrifying industrial heat, especially for MSMEs, to boost manufacturing competitiveness, energy security, and decarbonisation. The article draws a parallel with the solar PV revolution and calls for a coordinated ecosystem of policies, financing, and cluster-level planning to scale the transition.

E20 Ethanol Fuel Used in 4 Crore Vehicles; Flex-Fuel Engines to End ₹22 Lakh Cr Fuel Imports

E20 ethanol-blended petrol is being used in 4 crore four-wheelers and 20 million two-wheelers without harming vehicles and with improved mileage. Union Minister Nitin Gadkari announced that automobile companies will produce flex-fuel engines capable of running on 100% ethanol, potentially saving ₹22 lakh crore in fuel imports and boosting farmers' income through higher maize prices.

Kudankulam Nuclear Reactor Costs Surge 55%: Impact on India's Nuclear Expansion Plans

Cost of four under-construction nuclear reactors at Kudankulam has risen by 55% to ₹1,38,330 crore, driven by Russia-Ukraine war. This poses a challenge to India's ambitious nuclear expansion plans and could increase electricity tariffs, especially as the government opens the sector to private participation.

Ministry of Mines Notifies 2 Offshore Mineral Blocks Near Great Nicobar for Polymetallic Nodules

India has notified two offshore mineral blocks near Great Nicobar Island for polymetallic nodule and crust exploration, strengthening its critical minerals push under the blue economy framework. This connects directly to the Deep Ocean Mission, Samudra Manthan scheme, UNCLOS, and India's strategic need for deep-sea mineral security. For exams, remember the Act, the minerals, the contracts, and the institutional framework.