29 August 2025 – Daily Current Affairs (English)
📰 Today’s Crucial Highlights
| # | Headline |
|---|---|
| 1 | RBI Bulletin: Inflation at 8-year low, rural demand strong |
| 2 | Tamil Nadu to issue ₹3,000 crore in bonds |
| 3 | Rupee remains stable amid U.S. tariff pressure |
| 4 | PM Modi’s strategic visits to Japan and China for summits |
| 5 | GDP growth slowed to 6.7% in Q1 FY2025–26 |
| 6 | Russia oil imports to increase 10–20% in September |
| 7 | National Sports Day celebrated across India |
| 8 | SC/ST Welfare Conference held in Bhubaneswar |
| 9 | Floods in eastern Pakistan displace millions |
| 10 | Mission Sudarshan Chakra: India's new defence shield launch |
1. RBI Bulletin: Economy Strong Amid Inflation Dip
The Reserve Bank of India's August bulletin highlights persistent rural demand and easing food prices as the main drivers behind restrained inflation — recorded at an eight-year low of 1.55% in July.
Inflation is projected to stay well below the 4% target, while the Monetary Policy Rate remains steady at 5.50%. The RBI, however, cautioned about rising U.S.–India trade tensions as a potential growth risk.
2. Tamil Nadu to Issue ₹3,000 Crore Bonds
The Tamil Nadu government has announced plans to raise ₹3,000 crore through state bonds (2-year, 9-year, and 30-year tenors) via RBI’s E-Kuber platform on 2 September.
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Competitive bidding: 10:30 AM – 11:30 AM
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Non-competitive bids: until 11:00 AM
3. Rupee Flat Despite Tariff Pressures
The Indian rupee continues to remain stable, trading between ₹87.60 – ₹87.64 per US dollar, despite foreign equity outflows and fresh U.S. tariff pressures.
Experts believe that the RBI may intervene if the rupee weakens beyond ₹87.80.
4. PM Modi to Visit Japan and China for Strategic Summits
Prime Minister Narendra Modi is set to begin important diplomatic visits:
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Tokyo (29–30 August): India–Japan Summit
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Tianjin, China (31 August–1 September): SCO Summit
Key agendas will include economic security, high-tech collaboration, and regional stability.
5. GDP Growth Slows Amid Tariff Impact
India’s GDP growth is estimated to have slowed to 6.7% in Q1 FY2025–26, compared to 7.4% in the previous quarter.
This decline is largely due to weaker urban demand and higher U.S. tariffs (up to 50%).
However, full-year growth is still expected to be around 6.5%, supported by a good monsoon, government expenditure, and policy measures.
Additional 5 Current Affairs – 29 August 2025
6. Oil Imports from Russia to Increase in September
India plans to raise its Russian crude oil imports by 10–20% in September, despite escalating U.S. tariffs on Indian exports. Discounted Russian oil continues to play a vital role in meeting India’s energy requirements.
7. National Sports Day Celebrated Across India
India observes National Sports Day on 29 August to honor hockey legend Major Dhyan Chand. The day promotes sportsmanship, fitness awareness, and youth participation in sports.
8. Bhubaneswar Hosts SC/ST Welfare Conference
For the first time in Odisha, Bhubaneswar is hosting a two-day national conference (29–30 August) of SC/ST welfare committee chairpersons.
The event, inaugurated by the Lok Sabha Speaker, focuses on empowerment, accountability, and promotion of tribal culture and handicrafts.
9. Devastating Floods in Eastern Pakistan
Severe monsoon-triggered floods in eastern Pakistan’s Punjab displaced nearly 250,000 people and affected over 1.2 million.
In Indian-controlled Kashmir, heavy rains caused flash floods, leading to more than 115 deaths.
10. Mission Sudarshan Chakra: India’s New Defense Shield
Prime Minister Modi unveiled “Mission Sudarshan Chakra” — a modern, indigenously developed defence shield comparable to Israel’s Iron Dome.
The system is designed for precision counterstrikes and cyber-warfare protection, developed under the Atmanirbhar Bharat initiative.
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