Skip to content
Free updates Login

Daily Current Affairs: 10 October 2026

Current affairs of 10 October 2026: FERR: RBI mandates 20% forex risk reserve, bans rebooking of rupee hedges; RBI special dollar window for IOC, BPCL, HPCL from October 12; CRR: RBI raises daily minimum maintenance to 99% from October 16, and 15 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)October 2026
18 TOPICSDaily CurrentAffairs10 October 2026In focus: FERR: RBI mandates 20% forex risk…safalsetu.com

In this issue: 18 topics

National Affairs

  1. Noida International Airport renamed Narendra Modi International Airport
  2. Supreme Court upholds quashing of Andhra Pradesh 34% BC local body quota

Government Schemes

  1. WCD Summit: PM Modi chairs valedictory of Departmental Summit on Women

Banking & Finance

  1. FERR: RBI mandates 20% forex risk reserve, bans rebooking of rupee hedges
  2. RBI special dollar window for IOC, BPCL, HPCL from October 12
  3. CRR: RBI raises daily minimum maintenance to 99% from October 16

Economy

  1. Bank credit growth 19.4%, deposits 17.8% as of September 30: RBI data
  2. E-way bill generation hits record 141.53 million in September 2026

International Affairs

  1. PERM suspension: India calls JD Vance remark on H-1B workers offensive
  2. Russian diesel sanctions eased by US until April 7, 2027
  3. World Day Against the Death Penalty 2026: 24th Edition, ‘Stories for Life’

Agriculture & Rural

  1. Ministry of Cooperation 9th National Review Workshop ends in Bastar

Science & Technology

  1. ITU Caller ID Trials: India Backs Joint Action on Telecom Fraud

Defence & Security

  1. Mangrol: Navy to commission third ASW Shallow Water Craft on October 12
  2. SIDM Champion Awards 2026 presented by Rajnath Singh

Reports & Indexes

  1. UNCTAD Trade and Development Report 2026: India gets 5.7% of greenfield FDI

Awards & Persons

  1. WorldSkills 2026: PM Meets Team India After 10th-Place Finish in Shanghai
  2. BRICS Traditional and Indigenous Sports Demonstration Games in Ahmedabad

National Affairs

Polity & Governance

1. Noida International Airport renamed Narendra Modi International Airport

  • UP Cabinet on 9 October 2026 approved renaming Noida International Airport as 'Narendra Modi International Airport, Noida-Jewar'.
  • Airport inaugurated by PM Modi on 28 March 2026; developed by YIAPL, fully owned by Zurich Airport International AG.
  • First-phase runway is 3,900 metres long and can handle wide-body aircraft.
  • Cabinet cleared 1,725 AC electric buses for 18 cities under a gross cost contract model for 12 years.
  • Subsidy: ₹40 lakh per 12-metre bus and ₹35 lakh per nine-metre bus; Lucknow and Kanpur get 300 each.
Full notes and 3 MCQs ›
Polity & Governance

2. Supreme Court upholds quashing of Andhra Pradesh 34% BC local body quota

  • Bench of Justices Dipankar Datta and Sheel Nagu dismissed Andhra Pradesh's appeal on 9 October 2026.
  • High Court had quashed GOs granting 34% Backward Classes reservation in rural and urban local body elections.
  • The quota breached the 50% ceiling of Indra Sawhney v. Union of India (1992) without empirical data.
  • The bench questioned the legal basis of the Unified Family Survey relied upon by the State.
  • Case: State of Andhra Pradesh v. Thandava Yogesh.
Full notes and 3 MCQs ›

Government Schemes

Government Schemes

3. WCD Summit: PM Modi chairs valedictory of Departmental Summit on Women

  • PM Narendra Modi chaired the valedictory session of the National Departmental Summit on Women and Child Development on 9 October 2026.
  • The two-day summit was held at Sushma Swaraj Bhawan, New Delhi.
  • Themes covered nutrition and early childhood care, child protection, women's safety and empowerment, and convergence in service delivery.
  • PM urged universities to adopt nearby Anganwadi Centres and involve medical students, NSS and NCC volunteers.
  • He sought more focus on adolescent girls and promotion of Vocal for Local and ODOP via women's collectives.
Full notes and 3 MCQs ›

Banking & Finance

Economy

4. FERR: RBI mandates 20% forex risk reserve, bans rebooking of rupee hedges

  • RBI's Foreign Exchange Risk Reserve (FERR) is 20% of the INR value of notional amount, kept as cash with RBI.
  • FERR covers INR FX derivatives above USD 2 million hedging current account deals where the user buys foreign currency.
  • Rebooking of cancelled INR FX derivative contracts is banned; rollover on maturity remains allowed.
  • Limit for positions without proving underlying exposure cut from USD 100 million to USD 5 million.
  • Both circulars, dated October 10, 2026, were issued under FEMA Sections 10(4), 11(1) and RBI Act Section 45W.
Full notes and 3 MCQs ›
Economy

5. RBI special dollar window for IOC, BPCL, HPCL from October 12

  • RBI will meet the entire daily US dollar requirement of IOC, BPCL and HPCL from October 12, 2026.
  • Dollars are sold to the oil firms through designated banks, removing their demand from the spot market.
  • The facility runs until further notice.
  • The rupee closed at Rs 96.73 per dollar on October 9; its record low is Rs 96.96, touched in May.
  • Forex reserves fell $12.95 billion to $734.60 billion in the week ended October 2.
Full notes and 3 MCQs ›
Economy

6. CRR: RBI raises daily minimum maintenance to 99% from October 16

  • Daily minimum CRR maintenance raised from 90% to 99% of the prescribed requirement.
  • Effective from the fortnight beginning October 16, 2026; circular RBI/2026-27/290 dated October 9, 2026.
  • Issued under Section 42(1) of the RBI Act, 1934 after a review of liquidity conditions.
  • Fortnightly average CRR must still meet the prescribed 3% CRR.
  • Surplus liquidity parked with RBI was Rs 3.88 lakh crore on October 8.
Full notes and 3 MCQs ›

Economy

International Affairs

International Relations

9. PERM suspension: India calls JD Vance remark on H-1B workers offensive

  • On October 9, 2026, the MEA called US Vice President JD Vance's 'indentured servants' remark on H-1B holders unwarranted and deeply offensive.
  • The US Department of Labor suspended firms from PERM, the labour certification step for employment-based green cards, on October 8, 2026.
  • Firms named include Cognizant, Infosys, TCS, Wipro, HCL and Capgemini; reports also name Microsoft and Adobe.
  • The move concerns PERM only and does not cancel existing H-1B visas.
  • About 70% of H-1B visa holders are Indian nationals, as cited by the MEA.
Full notes and 3 MCQs ›
Economy

10. Russian diesel sanctions eased by US until April 7, 2027

  • The US Treasury temporarily authorised deals in Russian-origin diesel, including imports into the US, until April 7, 2027.
  • The relief came minutes after a phone call between President Donald Trump and Russian President Vladimir Putin.
  • Trump said Russia would supply over 300,000 tonnes immediately and 500,000 tonnes in November.
  • Ukrainian strikes on Russian refineries and Houthi attacks on Saudi facilities have pushed diesel prices up.
  • Ukraine's President Zelenskyy warned that easing sanctions could help Russia prolong the war.
Full notes and 3 MCQs ›
International Relations

11. World Day Against the Death Penalty 2026: 24th Edition, ‘Stories for Life’

  • World Day Against the Death Penalty is observed every year on 10 October; 2026 marks its 24th edition.
  • It is organised by the World Coalition Against the Death Penalty (WCADP).
  • The 2026-2027 theme 'Stories for Life' seeks to humanise people affected by capital punishment.
  • Amnesty figures: 113 states abolished the death penalty for all crimes; 54 states remain retentionist.
  • At least 25,508 people were known to be under a death sentence at the end of 2025.
Full notes and 3 MCQs ›

Agriculture & Rural

Banking & Finance

12. Ministry of Cooperation 9th National Review Workshop ends in Bastar

  • The 9th National Review Workshop of the Ministry of Cooperation was held on October 8-9, 2026 in Bastar, Chhattisgarh.
  • Theme: 'Sahkar se Samriddhi - The Road Ahead: Scaling Impact through Cooperative Transformation'.
  • About 95,000 new PACS are targeted over the next two to three years.
  • Phase 1 of PACS computerisation is to be completed by December 2026; the scheme ends in March 2027.
  • NABARD is building a uniform Core Banking Solution platform for cooperative banks.
Full notes and 3 MCQs ›

Science & Technology

Banking & Finance

13. ITU Caller ID Trials: India Backs Joint Action on Telecom Fraud

  • MoS Communications Dr Chandra Sekhar Pemmasani delivered the keynote at an ITU Roundtable held alongside India Mobile Congress 2026.
  • India welcomed the ITU proposal for joint trials to verify caller identity across international networks.
  • C-DOT's AI-based ASTR tool has helped cut over 82 lakh fraudulent mobile connections.
  • The Digital Intelligence Platform links over 1,600 organisations; Sanchar Saathi app has around 25 million downloads.
  • The Financial Fraud Risk Indicator helped prevent suspected losses above ₹5,000 crore in 15 months.
Full notes and 3 MCQs ›

Defence & Security

Defence & Security

14. Mangrol: Navy to commission third ASW Shallow Water Craft on October 12

  • Mangrol is the third Anti-Submarine Warfare Shallow Water Craft built by Cochin Shipyard Limited, Kochi.
  • It will be commissioned on October 12, 2026 at Naval Dockyard, Mumbai.
  • Vice Admiral Sanjay Vatsayan, FOC-in-C Western Naval Command, will preside.
  • The vessel has over 80% indigenous content and carries the Abhay hull-mounted sonar.
  • It is named after Mangrol, a coastal town in Junagadh district, Gujarat.
Full notes and 3 MCQs ›
Defence & Security

15. SIDM Champion Awards 2026 presented by Rajnath Singh

  • Rajnath Singh presented 15 SIDM Champion Awards at the 8th Annual Session of SIDM in New Delhi on October 9, 2026.
  • India's defence exports reached a record ₹38,424 crore in FY 2025-26, over 60% higher than the previous year.
  • The defence export target is ₹50,000 crore by 2029.
  • Singh wants the private sector's share in defence production to rise from about 24% to 50%.
  • SIDM was set up in 2017.
Full notes and 3 MCQs ›

Reports & Indexes

Economy

16. UNCTAD Trade and Development Report 2026: India gets 5.7% of greenfield FDI

  • India took 5.7% of global greenfield investment during 2020-25, more than double China's 2.8%.
  • Findings come from UNCTAD's Trade and Development Report 2026.
  • Strategic sectors' share climbed from 16% in 2020 to 44% in 2025.
  • AI infrastructure led with 12.4% of $845.7 billion; semiconductors 8.1%, energy-transition technologies 7.8%.
  • Europe (28.4%) and North America (28%) attracted most strategic-sector investment.
Full notes and 3 MCQs ›

Awards & Persons

International Relations

18. BRICS Traditional and Indigenous Sports Demonstration Games in Ahmedabad

  • The Games are scheduled for 12 October 2026 at Veer Savarkar Sports Complex, Ahmedabad, Gujarat.
  • Union Sports Minister Dr Mansukh Mandaviya will declare the Games open.
  • Organised by the Ministry of Youth Affairs and Sports with the Government of Gujarat under India's BRICS Chairship.
  • The event is non-competitive and focuses on demonstrating and sharing traditional sports.
  • PIB lists 11 participating countries, including Belarus, Bolivia, Ethiopia, Iran, Kazakhstan and the UAE.
Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 10 October 2026, with answers and explanations.

Start the quiz