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UPSC IAS Daily Current Affairs ( 09 – 09 – 2026 to 11 - 09 - 2026 ) by UniFocus IAS

European Commission presents landmark India trade deal to Council for signature IFC launched risk-sharing initiative to help FIs in emerging markets to expand access to digital payments India joins IAEA ATLAS ( Atomic Technologies Licensed for Applications at Sea ) initiative Spectrum - First commercial rocket to reach orbit from continental Europe First-ever district-level estimates released by NSO for unincorporated non-agricultural sector ISRO successfully tested CE20 Cryogenic Engine for LVM3 M7 Mission Government amends E-Commerce Rules to strengthen consumer protection and promote transparency 9th ASEAN–India Ministerial Meeting on Agriculture and Forestry and 10th ASEAN–India Agriculture Working Group Meeting Held in New Delhi

European Commission presents landmark India trade deal to Council for signature

Today, the European Commission has put forward its proposals to the Council for the signature and conclusion of Free Trade Agreement (FTA) between the European Union and India , seeking authorization for its signature and conclusion. If authorized by the Council, this will be the largest trade agreement ever concluded by both the EU and India. Once adopted and entered into force, the agreement will improve market access, reduce tariffs, tackle unnecessary barriers to trade , as well as provide predictable rules for trade and investment between the EU and India. The EU and India already trade over €180 billion worth of goods and services per year, supporting close to 800,000 EU jobs. This deal will eliminate or reduce tariffs on 96% of EU goods exports to India. Overall, the tariff reductions will save around €4 billion per year in duties on European products. It will make it easier for European companies to access the Indian market and compete on a more level playing field, while it wi...

IFC launched risk-sharing initiative to help FIs in emerging markets to expand access to digital payments

NOTE:  IFC :  International Finance Corporation FIs :  Financial Institutions  This risk sharing initiative is launched by  International Finance Corporation ( IFC ), a member of the World Bank Group. Its aim is to  help banks, fintechs, and other Financial Institutions ( FIs ) in emerging markets expand access to digital payments for consumers and small businesses. Under the initiative, $700 million in guarantees is provided to cover a portion of the credit settlement risk, thus enabling more institutions to offer innovative and reliable digital payment services. Initiative aims to enable Financial Institutions to offer  digital payment services to customers including small business owners, women entrepreneurs, and people historically shut out of the formal financial system. World Bank Group

India joins IAEA ATLAS ( Atomic Technologies Licensed for Applications at Sea ) initiative

About IAEA ATLAS ( Atomic Technologies Licensed for Applications at Sea ) Initiative:  The IAEA ATLAS Initiative – Atomic Technologies Licensed for Applications at Sea – aims at advancing the safe, secure and peaceful use of nuclear technologies for maritime transport and offshore energy systems. As global efforts to innovate within the maritime sector accelerate, nuclear technologies, including Small Modular Reactors (SMRs), are increasingly being considered as viable solutions. SMRs have the potential to power civilian ships with zero operational emissions, enabling vessels to sail further and faster without frequent refueling. Beyond shipping, advanced nuclear technologies could support Floating Nuclear Power Plants (FNPPs), providing electricity and heat to coastal communities and industry, and enabling the production of alternative fuels such as hydrogen. ATLAS will bring together the stakeholders needed to create a framework that promotes and supports the safe and secure...

Spectrum - First commercial rocket to reach orbit from continental Europe

Spectrum is a two-stage orbital small-lift launch vehicle built by German company Isar Aerospace. Development of the Spectrum commenced during the 2010s. Much of its design has been produced internally. A key target during development was the price point of €10,000 ($11,700) per kg, as well as to be as flexible as possible as to suit a wide variety of payload requirements. Isar Aerospace has arranged to launch Spectrum from both the Andøya Spaceport in Norway and the Guiana Space Centre in French Guiana. Early customers for the launcher include Airbus Defence and Space, the German Aerospace Center (DLR), and Spaceflight, Inc. A second launch on 5 September 2026 was successful, deploying several small satellites into a Sun-synchronous orbit.  The flight carried 5 academic cubesats and 1 undeployable payload to qualify Spectrum for future commercial satellite launches. This will be  first commercial rocket to reach orbit from continental Europe. Wikipedia Reuters