Daily Current Affairs — 5 September 2026: SCO Summit, National Teachers' Awards, RAKSHA Framework & RBI HPI

The Supreme Court, in a ruling by a three-judge bench led by Chief Justice Surya Kant, held that the Bar Council of India (BCI) has no disciplinary jurisdiction over law students, since the Advocates Act, 1961 confers such power only after enrolment at the bar.

Parliament constituted a 31-member Joint Parliamentary Committee, chaired by BJP MP Sanjay Jaiswal, to examine the FCRA Amendment Bill; the panel must submit its report by the last week of the 2026 Winter Session.

Union Home Minister Amit Shah inaugurated the 9th National Security Strategies Conference 2026 in New Delhi, directing all security agencies to strengthen coordination against cross-border infiltration.

Prime Minister Narendra Modi addressed the Centenary Celebrations of Shri Ram College of Commerce (SRCC) in New Delhi on 5 September 2026, marking 100 years of the premier commerce institution.

The RBI's Housing Price Index for Q1 FY2026-27 (base year 2022-23) showed the all-India HPI rising 1.1% quarter-on-quarter to 117.5, based on data from 18 major cities.

ICICI Bank acquired an additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 crore (2,90,15,693 shares), raising its holding from 50.84% to 52.8%.

The Apparel Export Promotion Council's BTTF signed an MoU with France's Premiere Vision SA to help move Indian textile exports toward high-value, design-led premium segments.

At the 26th SCO Summit in Bishkek marking the bloc's 25th anniversary, member states adopted English as SCO's third official language and approved a new Universal Security Centre, Anti-Drug Centre and Green Technology Corridor; Pakistan takes over the SCO chairmanship for 2026-27 with Lahore as its Tourism Capital.

During the India-Belgium summit, the two sides established a Fast Trade Mechanism and set a target to double bilateral trade within five years, alongside a CBI-Belgian Federal Police MoU on tackling transnational crime.

India and the six-nation Gulf Cooperation Council (Saudi Arabia, UAE, Oman, Qatar, Kuwait, Bahrain) are set to hold in-person free trade agreement talks this September, building on the Terms of Reference signed in February 2026.

The Department of Biotechnology, through BIRAC, launched the BIO-NIVESH platform connecting around 20 biotech startups with about 50 investors, supporting the BioE3 Policy's goal of a ₹20 lakh crore bioeconomy by 2030.

NIELIT partnered with Intel to launch 'Agentic AI for Everyone' and 'Engineering Agentic AI Systems' workforce-training programmes at a National Leadership Dialogue held at India Habitat Centre, New Delhi.

Union IT Minister Ashwini Vaishnaw said students from Tier-II and Tier-III cities have designed over 250 chips and that India has trained 85,000 semiconductor engineers in the last four years under the Semiconductor Mission.

Defence Minister Rajnath Singh released 'RAKSHA', India's first formal 10-year defence diplomacy framework, built on four pillars: strategic partnerships, capacity building, indigenous exports, and maritime security.

Kalyani Strategic Systems Ltd signed an agreement with France's Thales to co-produce 70-mm rocket systems in India, with the first fully assembled unit expected by early 2027; the system is currently used by 70 armed forces across 55 countries.

India and Belgium signed three defence agreements during their summit, including co-production of military rockets in India, and India will post its first Defence Attache in Brussels.

DRDO invited bids under its Technology Development Fund for an indigenous Air-to-Air Refuelling Pod (AARP), with the tender published on 2 September 2026 and submissions open until 20 October 2026.

India's National Disaster Management Authority is setting up early-warning systems at nearly 200 high-risk Himalayan glacial lakes, targeting 190 of the most dangerous ones in a three-year mission, following last month's deadly Nepal-Tibet glacier-collapse floods.

The IMD warned of isolated heavy-to-very-heavy and extremely heavy rainfall over Madhya Pradesh during 3-5 September due to a well-marked low-pressure area over the northeast of the state.

The government informed Parliament that 81 tiger deaths in India were attributed to poaching, seven to train collisions and 24 to electrocution, underscoring persistent threats to tiger conservation.

India's women face arch-rivals Pakistan in a marquee group-stage clash of the Women's T20 Asia Cup 2026 in Dubai on 5 September, as seven-time-winning India aim to reclaim the title lost to Sri Lanka in 2024.

India sent its largest-ever 87-member contingent (73 athletes) to the 6th World Nomad Games in Bishkek (31 August-6 September), competing across 43 traditional sporting disciplines including wrestling, equestrian and archery.

Indian badminton player Kidambi Srikanth defeated world number 9 Victor Lai at the China Masters, boosting India's campaign in the tournament.

President Droupadi Murmu conferred the National Teachers' Awards 2026 on 82 teachers (48 school, 21 higher-education and 13 skill-development) at Vigyan Bhawan, New Delhi on Teachers' Day; each awardee received a ₹50,000 cash prize, a silver medal and a merit certificate.

Estonia's Parliament elected Ülle Madise as the country's president with 71 of 101 votes; she will take office on 12 October 2026 as Estonia's second woman president.

Government e-Marketplace (GeM) signed an MoU with the Textiles Committee to build a 'Waste-to-Value-to-Market' hub-and-spoke ecosystem for recycled textiles, supporting MSMEs, artisans and women entrepreneurs.

Under NCDC's decentralised grain storage plan launched in 2023, 313 PACS godowns adding 1.80 lakh metric tonnes of capacity had been completed by July 2026, with loans available to cooperatives at an effective 1% annual interest.

The Archaeological Survey of India declared the Kakatiya-era Gollala Gudi Temple at Palampet, Telangana — located near the UNESCO-listed Ramappa Temple — a Monument of National Importance.

The Odisha State Disaster Management Authority signed MoUs with UNDP for a hazard-risk-vulnerability assessment across 30 districts and with CivicDataLab for an AI-powered Disaster Risk Reduction data platform.

Punjab Chief Minister Bhagwant Mann is set to inaugurate the state-wide sports event 'Khedan Watan Punjab Diyan 2026' on 5 September.