Daily Current Affairs · Last published 25 September 2026

UPSC Prelims Current Affairs: 25 September 2026

SEBI approves sweeping market reforms, the Supreme Court Collegium clears twelve High Court judges, and the government dissolves the 37-year-old Digital Communications Commission.

EconomySecurities market regulation: portfolio managers, REITs, InvITs and FPI access

SEBI board approves PMS-mutual fund route, REIT and InvIT reforms, and wider FPI access to commodity derivatives

The Securities and Exchange Board of India approved a wide-ranging set of reforms at its board meeting on 24 September 2026, including a new Portfolio Managers Route for Investing in Mutual Fund units (PRIM) with a minimum ticket size of Rs 25 lakh, and simplified portfolio manager regulations allowing investment in IPOs and unlisted debt. The board also cleared the issuance of depository receipts on units of REITs and InvITs to attract foreign capital, and widened foreign portfolio investor access to non-agricultural commodity derivatives, subject to safeguards. A reformed accredited investor framework will deem all persons resident outside India, including FPIs, as accredited investors for eligible market products.

Mains: GS3Widening FPI access to commodity derivatives and creating a lower cost, mutual fund linked PMS route shows SEBI using product design, not just disclosure rules, to deepen capital markets and attract foreign capital, a useful example for a Mains answer on capital market reform and ease of investing.
PolityJudicial appointments: the Collegium system and High Court judges

Supreme Court Collegium recommends 12 additional judges as permanent judges in four High Courts

The Supreme Court Collegium, comprising Chief Justice of India Surya Kant and Justices Vikram Nath and B V Nagarathna, met on 23 September 2026 and approved the appointment of 12 additional judges as permanent judges across four High Courts. Five judges were approved for the Andhra Pradesh High Court and five for the Kerala High Court, while one additional judge each was approved as a permanent judge for the Uttarakhand and Gauhati High Courts.

Mains: GS2A single Collegium meeting clearing appointments across four High Courts at once shows how appointment pendency is often resolved in batches rather than steadily, a recurring theme in Mains answers on judicial vacancies and Collegium functioning.
PolityRestructuring of telecom decision making: from the DCC to direct Cabinet approval

Government dissolves the 37-year-old Digital Communications Commission

The government notified the dissolution of the Digital Communications Commission (DCC) through a resolution dated 19 September 2026, ending the run of the Department of Telecommunications' apex inter-departmental decision making body after nearly 37 years. Formed in 1989 as the Telecom Commission and renamed in 2018, the DCC brought together senior officials from NITI Aayog, the Finance Ministry and the Department for Promotion of Industry and Internal Trade to clear telecom policy matters, spectrum pricing and TRAI recommendations before sending them to the Cabinet. Its last meeting, held on 3 September 2026, firmed up the DCC's decision on satellite communication spectrum, which now goes to the Cabinet for final approval.

Mains: GS2Folding an inter-departmental commission's functions directly into ministerial and Cabinet approval trades away a built-in consultative check between NITI Aayog, the Finance Ministry and the Department of Telecommunications for faster decisions, a real tension for a Mains answer on administrative reform versus institutional checks and balances.
GeographyTropical cyclone tracking and disaster preparedness in the Bay of Bengal

Cyclone Arnab's deep depression crosses the Andhra Pradesh-Odisha coast, over 1,500 evacuated from Gajapati

The deep depression associated with Cyclone Arnab crossed the Andhra Pradesh-Odisha coast late on 23 September 2026, bringing high winds and heavy rain to both states, according to the India Meteorological Department. Odisha authorities evacuated more than 1,500 residents from Gajapati district alone, on top of about 5,000 evacuated a day earlier as heavy rain lashed coastal Odisha, and placed 380 Fire and Emergency Services teams along with 33 Odisha Disaster Rapid Action Force teams on alert. The system was expected to retain its intensity through Thursday before gradually weakening, and the cyclone was named Arnab, meaning ocean in Bengali, by Bangladesh.

Mains: GS3Evacuation counts rising through the event, with fire services and the Odisha Disaster Rapid Action Force placed on alert well before landfall, shows the shift in India's disaster management from post-disaster relief toward pre-emptive, decentralised preparedness, useful for a Mains answer on the Disaster Management Act framework in practice.
EnvironmentNational Green Tribunal orders and compliance gaps in environmental remediation

NGT pulls up Centre and Uttarakhand for failing to restore Chopra Gadhera stream damaged by rail project muck dumping

The National Green Tribunal, in an order dated 21 September 2026, criticised the Union Ministry of Environment, Forest and Climate Change, the Uttarakhand Pollution Control Board, the Rudraprayag district administration, Rail Vikas Nigam Limited and Megha Engineering and Infrastructures Limited for failing to report progress on restoring Chopra Gadhera, a freshwater stream in Jawadi village damaged by illegal muck dumping during the Rishikesh to Karnaprayag rail project. The tribunal noted that its earlier direction to release a penalty of over Rs 2.03 crore to a Committee of Experts for the stream's restoration had still not been carried out, and directed Uttarakhand's Chief Secretary and top forest officer to personally ensure compliance.

Mains: GS3A tribunal repeatedly finding that its own compensation and restoration orders from over a year earlier remain unimplemented illustrates the gap between environmental adjudication and on-ground enforcement, a central theme for a Mains answer on the effectiveness of the National Green Tribunal.
EnvironmentUrban river management and technology enabled water governance

Vice-President launches Sustainable Urban River Management Framework at 9th India International Water Week 2026

Vice-President C P Radhakrishnan inaugurated the 9th India International Water Week 2026 at Bharat Mandapam, New Delhi, on 22 September 2026, a five-day event organised by the Ministry of Jal Shakti on the theme Climate Resilient Water Management. On the occasion, the Vice-President launched the Sustainable Urban River Management (SURM) Framework and an AI and machine learning driven Integrated Reservoir Sediment Management initiative, and noted that 10 inter-State memoranda of understanding have been signed for water sharing, including the Kishau Multipurpose Project agreement among six States.

Mains: GS3Pairing a river management framework with AI and machine learning tools for reservoir sediment reflects a broader shift toward predictive, technology enabled water governance, a point worth using in a Mains answer on modernising India's water resource management.
GeographySouthwest monsoon withdrawal and seasonal rainfall statistics

Southwest monsoon withdraws from Delhi two days ahead of schedule

The India Meteorological Department said the southwest monsoon withdrew from Delhi on 23 September 2026, two days ahead of the normal withdrawal date of 25 September. Delhi recorded 728.6 mm of rainfall between 1 June and 23 September, against a normal of 629.7 mm, about 16 percent above normal and within the IMD's normal rainfall category. The monsoon had arrived over Delhi on 2 July this year, later than its normal onset date of 27 June.

Current AffairsSkill India and international vocational skill competitions

India fields its largest ever 70-member team as competition begins at WorldSkills Shanghai 2026

Competition began on 23 September 2026 at the 48th WorldSkills Competition in Shanghai, a day after Team India's largest ever contingent of 70 young competitors marched at the Opening Ceremony alongside nearly 1,400 competitors from more than 65 countries and regions, the Ministry of Skill Development and Entrepreneurship said. Fourteen of the 70 competitors are from Industrial Training Institutes, and for the first time India is competing in 11 new skill categories including Unmanned Aerial Systems, Software Testing, Dental Prosthetics and Aircraft Maintenance. The competition runs until 26 September, with a closing ceremony on 27 September.

Mains: GS2Fielding competitors in new domains such as drone technology and software testing signals an attempt to align vocational skilling with emerging sectors rather than traditional trades alone, relevant to a Mains answer on aligning Skill India with future employment needs.

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Economy

Medium · Securities market regulation

With reference to the reforms approved by the Securities and Exchange Board of India (SEBI) at its board meeting on 24 September 2026, consider the following statements:

1. The Portfolio Managers Route for Investing in Mutual Fund units (PRIM) allows portfolio managers to invest client funds in mutual fund schemes, with a minimum ticket size of Rs 25 lakh.

2. SEBI's board also cleared the issuance of depository receipts on units of REITs and InvITs to attract foreign capital.

Which of the statements given above is/are correct?