Eduevoke Daily Current Affairs - September 3, 2025 | SSC & Bank

Eduevoke Daily Current Affairs - September 3, 2025

Welcome to your essential daily dose of current affairs curated specially for SSC and Bank aspirants.

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Duration: 7:52 minutes | Hindi & English Coverage

Today's Highlights

India's Semiconductor Mission - $1 Trillion Market Goal
Supreme Court on Governors' Powers and Bill Assent
Supreme Court Denies Bail to Umar Khalid & Sharjeel Imam (2020 Delhi Riots)
Maharashtra's Resolution on Maratha Quota
Delhi's Yamuna Flood Crisis and Evacuation
Singapore PM Lawrence Wong's Visit to India
Power Sector Regulatory Assets Directive by Supreme Court
Atmanirbhar Bharat Campaign Launched in NDA States
Quick Updates: Economic & Political Developments

India's Semiconductor Mission - $1 Trillion Market Goal

Prime Minister Modi announced at the Semicon India 2025 conference that India aims to be a global hub in semiconductor manufacturing targeting a $1 trillion market size.

Key Investment Figures:

Government attracted investments worth ₹1.5 lakh crore across 10 projects
Industries committing around $18 billion in total investment
India's GDP recorded 7.8% growth in Q1 2025-26
First Made-in-India Vikram 32-bit microprocessor showcased

Made in India Milestone: The Vikram 32-bit processor was developed by ISRO's Vikram Sarabhai Space Centre and Semiconductor Laboratory, Chandigarh. This is an advanced version of VIKRAM1601 used in space missions since 2009.

Static GK Connection: India is currently the 5th largest economy globally and aims for a $5 trillion GDP target.

Supreme Court on Governors' Powers and Bill Assent

The Supreme Court observed that Governors cannot sit endlessly over Bills placed before them for assent, addressing a critical constitutional governance issue.

Key Constitutional Arguments:

Tamil Nadu: "Governors cannot assume to be royalty in a Republic"
West Bengal: "High offices must work collaboratively, not combatively"
Article 200: Governor's power to assent to Bills under scrutiny
3-month timeline for Bill assent under consideration

Constitutional Articles to Remember: Article 200 (Governor's assent), Article 163 (Aid and advice to Governor), Article 356 (President's Rule)

Supreme Court Denies Bail to Umar Khalid & Sharjeel Imam (2020 Delhi Riots)

The Delhi High Court rejected bail pleas of former JNU student Umar Khalid and activist Sharjeel Imam citing prima facie evidence of premeditated conduct and incitement related to 2020 Delhi riots.

Court's Key Observations:

Actions appeared "pre-meditated"
Were in "constant touch with each other"
Speech content deemed to incite public disorder
Connected to CAA-NRC protests

Maharashtra's Resolution on Maratha Quota

Maharashtra government formed a special committee to issue OBC certificates to eligible Maratha community members, ending activist Manoj Jarange-Patil's five-day hunger strike.

Implementation Details:

Based on 1918 Hyderabad Gazetteer classification
Kunbi caste certificates for OBC category inclusion
Land ownership records before November 21, 1961 required
Village-level verification by revenue officials

Maharashtra Facts: 288 Assembly seats, 48 Lok Sabha seats, Current CM: Devendra Fadnavis

Delhi's Yamuna Flood Crisis and Evacuation

Yamuna river crossed the evacuation threshold of 206 meters at Old Railway Bridge, forcing authorities to relocate over 12,500 residents from 6 vulnerable districts to relief camps.

Water Level Classifications (Must Remember):

Warning Level: 204.5 meters
Danger Level: 205.33 meters
Evacuation Level: 206 meters (CROSSED)
Peak Expected: 206.9 meters

Emergency Response:

58 boats deployed for rescue operations
675 life jackets distributed
24 generators and 82 mobile pumps stationed

Yamuna River Facts: Length: 1,376 km, Origin: Yamunotri Glacier, Status: Longest tributary of River Ganga

Singapore PM Lawrence Wong's Visit to India

Singapore Prime Minister Lawrence Wong visited India for high-level talks with PM Modi, marking 60 years of diplomatic relations between the two nations.

Key Areas of Cooperation:

Defense cooperation enhancement
Economic partnerships expansion
Infrastructure: Phase 2 PSA Mumbai Container Terminal inauguration
Digital economy collaboration

Singapore Key Facts: Capital: Singapore City, Currency: Singapore Dollar, Strategic location: Strait of Malacca, ASEAN member since 1967

Power Sector Regulatory Assets Directive by Supreme Court

Supreme Court directed State Electricity Regulatory Commissions to clear regulatory assets within 4 years and cap them at 3% of Annual Revenue Requirement.

Understanding Regulatory Assets:

Definition: Unrecoverable revenue gap between Average Cost of Supply (ACS) and Annual Revenue Requirement (ARR)

Banking Sector Impact:

Cash flow pressures for power distribution companies
Increased borrowing and debt burden
Higher sectoral lending risks for banks
Limited investment in grid modernization

Atmanirbhar Bharat Campaign Launched in NDA States

In response to US 50% tariff hike on Indian goods, NDA-ruled states will launch a comprehensive 3-month Atmanirbhar Bharat campaign to promote local manufacturing.

Campaign Timeline:

Duration: September 25 - December 25, 2025
Launch Date: Pandit Deen Dayal Upadhyay's birth anniversary
Culmination: Atal Bihari Vajpayee's birth anniversary
Focus: Festival season promotion of swadeshi products

Self-Reliance Timeline: Make in India launched September 25, 2014; Atmanirbhar Bharat announced May 12, 2020

Quick Updates: Economic & Political Developments

International News:

Afghanistan Earthquake: Death toll crosses 1,400, Magnitude 6.0 in Kunar province
Multiple aftershocks including 5.2 magnitude tremor

Political Developments:

BRS suspends K. Kavitha for anti-party activities (daughter of former Telangana CM KCR)
Punjab AAP MLA case: Harmeet Singh Pathanmajra escapes custody in rape case

Economic Updates:

TCS Contract: $550 million deal with Danish insurer Tryg
Cotton Procurement: Centre to buy at MSP without limits
SEBI Framework: New intraday position monitoring in derivatives

Technology & Innovation:

Vikram 32-bit Chip: First Made in India processor for space applications
Advanced version of VIKRAM1601 microprocessor

Rapid Revision Summary

Top 5 Must-Remember Facts:

Semiconductors: India targets $1T market with ₹1.5L crore investment
Constitutional: Governors can't delay bills endlessly - Article 200 focus
Disaster Management: Yamuna crosses 206m evacuation level in Delhi
Reservation Policy: Maharashtra resolves Maratha quota via OBC certificates
International Relations: Singapore PM strengthens 60-year bilateral ties

Daily Current Affairs - September 3, 2025 | SSC & Bank