Daily Current Affairs 16 September 2026 | Banking, SSC, Railway & Competitive Exams
Welcome to Crack With Kshitij – Daily Current Affairs. This daily current-affairs capsule is specially prepared for aspirants preparing for IBPS, SBI, RRB, SSC, Railway and other government examinations.
Here are the important national, international, economy, defence and awards-related developments that are useful for competitive examinations.
1. UPI Merchant Payments Above ₹2,000
The Ministry of Finance has clarified the new framework for UPI merchant transactions. A 0.4% Merchant Discount Rate (MDR) will apply to specified Person-to-Merchant (P2M) transactions above ₹2,000 from 15 October 2026.
Person-to-Person (P2P) UPI transfers will remain free. Small merchants meeting the specified exemption conditions will also be protected from MDR.
Exam Point:
UPI MDR — 0.4%
Effective Date — 15 October 2026
2. Rupee Weakens Against US Dollar
On 15 September 2026, the Indian rupee weakened by 41 paise against the US dollar and closed at around ₹95.96 per US dollar, according to reports.
3. Kishau Multipurpose Project Agreement
Six states — Uttar Pradesh, Uttarakhand, Himachal Pradesh, Haryana, Rajasthan and Delhi — signed an agreement related to the Kishau Multipurpose Project.
The project is associated with the Tons River and has a planned hydropower capacity of 422 MW. It is also connected with irrigation and water-management objectives.
Exam Point:
Project — Kishau Multipurpose Project
Capacity — 422 MW
River — Tons River
4. IAF Dronathon-2026
The Indian Air Force organised Dronathon-2026 at the Pokhran Field Firing Range, Jaisalmer, Rajasthan, from 14 to 16 September 2026.
The event brings together defence companies, start-ups, MSMEs and innovators to demonstrate unmanned aerial systems, autonomous operations, swarm technologies, electronic warfare and counter-drone systems.
5. India-China Talks During BRICS Summit
Prime Minister Narendra Modi and Chinese President Xi Jinping held a meeting on the sidelines of the 18th BRICS Summit in New Delhi. According to the Ministry of External Affairs, discussions covered several bilateral and regional issues, with both sides agreeing to remain sensitive to each other's core concerns.
6. India-Vietnam Defence Cooperation
India and Vietnam agreed to deepen defence and security cooperation, including cooperation relating to joint production of Indian defence equipment, during the 19th India-Vietnam Joint Commission Meeting.
7. Department of Financial Services Wins Rajbhasha Kirti Award
The Department of Financial Services (DFS), Ministry of Finance, received the First Prize under Rajbhasha Kirti Awards 2025–26 in the category for ministries/departments having fewer than 300 personnel.
The award recognised the department's implementation and innovative use of Hindi in official work.
8. Dhiraj Bommadevara Wins Archery World Cup Final
Indian recurve archer Dhiraj Bommadevara won gold at the 2026 Archery World Cup Final in Saltillo, becoming the first Indian male archer to win the Archery World Cup Final.
Exam Point:
Sport — Archery
Event — Archery World Cup Final
Indian Archer — Dhiraj Bommadevara
9. World Circular Economy Forum 2026
The World Circular Economy Forum (WCEF) 2026 is being held in Gandhinagar, Gujarat, from 15 to 18 September 2026.
The forum focuses on circular economy, sustainable resource use and the transition towards more sustainable economic systems.
10. India's Retail Inflation
India's Consumer Price Index (CPI)-based retail inflation for August 2026 was reported at 4.82%, compared with 4.45% in July 2026.
The August Consumer Food Price Index (CFPI) was 5.95%.
11. Wholesale Price Inflation
India's Wholesale Price Index (WPI) inflation stood at 9.92% in August 2026, compared with 9.78% in July 2026.
12. 18th BRICS Summit
India hosted the 18th BRICS Summit in New Delhi on 12–13 September 2026.
India's 2026 BRICS Chairship is guided by the theme “Building for Resilience, Innovation, Cooperation and Sustainability.”
Quick Revision
Topic Important Fact
UPI MDR 0.4%
UPI MDR Effective 15 October 2026
Rupee/USD ₹95.96 per US dollar
Kishau Project 422 MW
Kishau River Tons River
Dronathon-2026 Pokhran, Jaisalmer
Dronathon Dates 14–16 September 2026
DFS Award Rajbhasha Kirti First Prize
Archery Dhiraj Bommadevara
WCEF 2026 Gandhinagar, Gujarat
August CPI 4.82%
August WPI 9.92%
BRICS Summit New Delhi
BRICS Summit 12–13 September 2026
These facts are useful for Banking Awareness, General Awareness, Current Affairs and Static GK-based questions.
Crack With Kshitij aims to provide daily exam-oriented current affairs in a simple and revision-friendly format for competitive-exam aspirants.
Here are the important national, international, economy, defence and awards-related developments that are useful for competitive examinations.
1. UPI Merchant Payments Above ₹2,000
The Ministry of Finance has clarified the new framework for UPI merchant transactions. A 0.4% Merchant Discount Rate (MDR) will apply to specified Person-to-Merchant (P2M) transactions above ₹2,000 from 15 October 2026.
Person-to-Person (P2P) UPI transfers will remain free. Small merchants meeting the specified exemption conditions will also be protected from MDR.
Exam Point:
UPI MDR — 0.4%
Effective Date — 15 October 2026
2. Rupee Weakens Against US Dollar
On 15 September 2026, the Indian rupee weakened by 41 paise against the US dollar and closed at around ₹95.96 per US dollar, according to reports.
3. Kishau Multipurpose Project Agreement
Six states — Uttar Pradesh, Uttarakhand, Himachal Pradesh, Haryana, Rajasthan and Delhi — signed an agreement related to the Kishau Multipurpose Project.
The project is associated with the Tons River and has a planned hydropower capacity of 422 MW. It is also connected with irrigation and water-management objectives.
Exam Point:
Project — Kishau Multipurpose Project
Capacity — 422 MW
River — Tons River
4. IAF Dronathon-2026
The Indian Air Force organised Dronathon-2026 at the Pokhran Field Firing Range, Jaisalmer, Rajasthan, from 14 to 16 September 2026.
The event brings together defence companies, start-ups, MSMEs and innovators to demonstrate unmanned aerial systems, autonomous operations, swarm technologies, electronic warfare and counter-drone systems.
5. India-China Talks During BRICS Summit
Prime Minister Narendra Modi and Chinese President Xi Jinping held a meeting on the sidelines of the 18th BRICS Summit in New Delhi. According to the Ministry of External Affairs, discussions covered several bilateral and regional issues, with both sides agreeing to remain sensitive to each other's core concerns.
6. India-Vietnam Defence Cooperation
India and Vietnam agreed to deepen defence and security cooperation, including cooperation relating to joint production of Indian defence equipment, during the 19th India-Vietnam Joint Commission Meeting.
7. Department of Financial Services Wins Rajbhasha Kirti Award
The Department of Financial Services (DFS), Ministry of Finance, received the First Prize under Rajbhasha Kirti Awards 2025–26 in the category for ministries/departments having fewer than 300 personnel.
The award recognised the department's implementation and innovative use of Hindi in official work.
8. Dhiraj Bommadevara Wins Archery World Cup Final
Indian recurve archer Dhiraj Bommadevara won gold at the 2026 Archery World Cup Final in Saltillo, becoming the first Indian male archer to win the Archery World Cup Final.
Exam Point:
Sport — Archery
Event — Archery World Cup Final
Indian Archer — Dhiraj Bommadevara
9. World Circular Economy Forum 2026
The World Circular Economy Forum (WCEF) 2026 is being held in Gandhinagar, Gujarat, from 15 to 18 September 2026.
The forum focuses on circular economy, sustainable resource use and the transition towards more sustainable economic systems.
10. India's Retail Inflation
India's Consumer Price Index (CPI)-based retail inflation for August 2026 was reported at 4.82%, compared with 4.45% in July 2026.
The August Consumer Food Price Index (CFPI) was 5.95%.
11. Wholesale Price Inflation
India's Wholesale Price Index (WPI) inflation stood at 9.92% in August 2026, compared with 9.78% in July 2026.
12. 18th BRICS Summit
India hosted the 18th BRICS Summit in New Delhi on 12–13 September 2026.
India's 2026 BRICS Chairship is guided by the theme “Building for Resilience, Innovation, Cooperation and Sustainability.”
Quick Revision
Topic Important Fact
UPI MDR 0.4%
UPI MDR Effective 15 October 2026
Rupee/USD ₹95.96 per US dollar
Kishau Project 422 MW
Kishau River Tons River
Dronathon-2026 Pokhran, Jaisalmer
Dronathon Dates 14–16 September 2026
DFS Award Rajbhasha Kirti First Prize
Archery Dhiraj Bommadevara
WCEF 2026 Gandhinagar, Gujarat
August CPI 4.82%
August WPI 9.92%
BRICS Summit New Delhi
BRICS Summit 12–13 September 2026
These facts are useful for Banking Awareness, General Awareness, Current Affairs and Static GK-based questions.
Crack With Kshitij aims to provide daily exam-oriented current affairs in a simple and revision-friendly format for competitive-exam aspirants.