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Daily Current Affairs – 1 October, 2026

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    Green Energy Corridor Scheme for Development of Intra-State Transmission System

    In News

  • The Union Cabinet has approved the Green Energy Corridor Phase-III (GEC-III) scheme to strengthen India’s Intra-State Transmission System (InSTS) and facilitate the evacuation of up to 135 GW of renewable energy across States and Union Territories.

    • Green Energy Corridor Phase-III (GEC-III) scheme

  • The scheme is targeted to be set up by FY 2032-33 with total project outlay of Rs.1,86,405 crore. 
  • It comprises Rs.1,36,378 crore for the development of Intra-State Transmission Systems (InSTS) under GEC-III, Rs.50,000 crore for 50 GWh of Battery Energy Storage Systems (BESS). 
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    First-ever UN Declaration on Sea Level Rise, and India’s Coastal Vulnerability

    Context

  • The United Nations General Assembly adopted the first-ever UN Declaration on Sea Level Rise, which recognises rising sea levels as an existential threat.

    • Status of Global Sea-Level Rise

  • Sea-level rise refers to an increase in the average height of the ocean surface relative to a reference point on land or the Earth's geocentric reference system. 
  • Low-lying island nations are particularly vulnerable because much of their land lies only a few metres above sea level, exposing them to coastal erosion, flooding, saltwater intrusion and the loss of habitable land.
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    Investment Ecosystem in India

    Context

  • A recent assessment by the US Department of State on the investment climate in India identified a number of issues that impact the country’s capacity to attract foreign direct investment (FDI).

    • Status of Foreign Investment in India

  •  India’s overall FDI inflow hit a new high of USD 94.53 billion in FY 2025–26, up 17% from USD 80.62 billion in FY 2024–25. It comprises equity inflows, reinvested earnings, and other capital.
  • FDI equity inflow was USD 58.85 billion in 2025-26.
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    Southwest Monsoon Ends with 12% Deficit

    Context

  • As per the India Meteorological Department (IMD) India’s 2026 southwest monsoon ended with 759.4 mm of rain, 12.6% below the 868.6 mm normal.

    • About

  •  This is the lowest rainfall recorded during the monsoon season since 2015.
  • The east and northeast region, which recorded 1,017.1 mm of rainfall, had its driest monsoon since 1901.
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    US-India Review Bilateral Ties

    Context

  • Prime Minister Modi and the US President agreed to maintain close engagement to advance the India-US strategic partnership.

    • About

  • Both leaders held their first phone conversation since the US signed the law that has granted powers to impose 100% tariffs on India, China, and other countries for importing Russian energy. 
  • The two leaders reviewed progress in bilateral cooperation across trade, defence, energy, critical technologies and other areas of mutual interest.
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    News In Short 01-10-2026

    In News

  • The newly released NCERT Class 9 Social Science textbook, Understanding Society and Beyond – Part 2, shows the Sengol as a symbol of righteous governance. 

    • Sengol (or Chenkol) 

  • It is a traditional Tamil royal sceptre symbolising monarchy, righteousness, justice, and rightful authority.  
  • It historically signified dharmic kingship, the validity of royal authority, and the ruler’s accountability to divine and ethical ideals.
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