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Daily Current Affairs: 28 October 2026

Current affairs of 28 October 2026: SEBI signs MoU with Bank of England on clearing corporations; Bima Sugam to launch in 30-45 days with motor insurance: IRDAI; India only major EM set to cut debt ratio by 2031: RBI DG, and 15 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)October 2026
18 TOPICSDaily CurrentAffairs28 October 2026In focus: SEBI signs MoU with Bank of England on…safalsetu.com

In this issue: 18 topics

National Affairs

  1. DA hike: Cabinet raises DA and DR by 3 points to 63% from July 2026

Government Schemes

  1. Container Manufacturing Promotion Scheme: Cabinet clears Rs 10,000 crore
  2. Khelo India Sports Equipment Manufacturing Scheme gets Rs 1,856.67 crore
  3. PM Viksit Gram Swaraj Yojana approved for Panchayats till 2030-31

Banking & Finance

  1. SEBI signs MoU with Bank of England on clearing corporations
  2. Bima Sugam to launch in 30-45 days with motor insurance: IRDAI

Economy

  1. India only major EM set to cut debt ratio by 2031: RBI DG
  2. IIP growth at 6.7% in September 2026; manufacturing up 7.6%

International Affairs

  1. India-Mexico PTA: Talks Launched with Signing of Terms of Reference
  2. Jaishankar to Attend G20 FMM in Atlanta, Quad FMM and CHOGM 2026

Agriculture & Rural

  1. PM-KISAN 24th instalment: Rs 18,680 crore to be released on 30 October

Science & Technology

  1. NVS-03: ISRO to Launch Navigation Satellite on GSLV-F18 on 30 October

Environment & Ecology

  1. Cyclone Arnab makes landfall near Yanam on Andhra Pradesh coast
  2. Kuno cheetah KNG22 dies of pellet injuries; Centre forms probe team

Defence & Security

  1. Rajnath Singh Meets US, Japan, Singapore Ministers at ADMM-Plus Cebu

Reports & Indexes

  1. Commodity prices to rise 23% in 2026: World Bank outlook

Awards & Persons

  1. Neelam Sirohi, Kajal Dhochak win silver at World Wrestling Championships
  2. Aditya wins 55kg gold at World Boxing U-19 Championships in Montenegro

National Affairs

Polity & Governance

1. DA hike: Cabinet raises DA and DR by 3 points to 63% from July 2026

  • Union Cabinet on 28 October 2026 raised DA for central employees and DR for pensioners by 3 percentage points.
  • The rate rises from 60% to 63% of basic pay or pension, effective 1 July 2026.
  • Combined annual cost to the exchequer is Rs 10,016.10 crore.
  • About 48.54 lakh employees and 68.71 lakh pensioners benefit.
  • The hike follows the accepted formula based on 7th Central Pay Commission recommendations.
Full notes and 3 MCQs ›

Government Schemes

Economy

2. Container Manufacturing Promotion Scheme: Cabinet clears Rs 10,000 crore

  • Union Cabinet chaired by PM Narendra Modi approved the Container Manufacturing Promotion Scheme (CMPS) on 28 October 2026.
  • Total outlay is Rs 10,000 crore, with the scheme running up to FY 2039-40.
  • Operational Expenditure Assistance is the largest component at Rs 8,891 crore; Interest Subvention Assistance gets Rs 859 crore.
  • Annual domestic container manufacturing capacity is to rise about ten-fold to 7.5 lakh TEUs.
  • Expected jobs: about 3,000 direct and over 50,000 indirect.
Full notes and 3 MCQs ›
Government Schemes

3. Khelo India Sports Equipment Manufacturing Scheme gets Rs 1,856.67 crore

  • Union Cabinet approved the Khelo India Sports Equipment Manufacturing Scheme on 28 October 2026 with an outlay of Rs 1,856.67 crore.
  • The scheme covers the period 2026 to 2033-34 and was announced in the Union Budget 2026-27.
  • Anchor Investment Support and Turnover Linked Support together get Rs 1,130 crore.
  • Rs 105 crore supports certification from International Sports Federations.
  • Sports Goods Manufacturing Zones (SGMZs) will converge with the BHAVYA scheme and NICDC industrial parks.
Full notes and 3 MCQs ›
Polity & Governance

4. PM Viksit Gram Swaraj Yojana approved for Panchayats till 2030-31

  • Union Cabinet approved Pradhan Mantri Viksit Gram Swaraj Yojana (PM VGSY) on 28 October 2026 as a Centrally Sponsored Scheme.
  • Period 2026-27 to 2030-31 matches the Sixteenth Finance Commission award period.
  • Total outlay Rs 7,395.55 crore: Centre Rs 4,869.48 crore, States Rs 2,526.07 crore.
  • PANCHAM, an AI-enabled two-way platform, will explain schemes in 17 Indian languages.
  • Covers about 32 lakh representatives and functionaries in over 2.55 lakh Panchayats and Traditional Local Bodies.
Full notes and 3 MCQs ›

Banking & Finance

Banking & Finance

6. Bima Sugam to launch in 30-45 days with motor insurance: IRDAI

  • IRDAI Chairman Ajay Seth spoke at the Business Standard BFSI Insight Summit in Mumbai on 27 October 2026.
  • Bima Sugam, the online insurance marketplace, is expected to go live within 30-45 days, beginning with motor insurance.
  • Distribution reforms from IRDAI's discussion paper will be implemented only after building consensus with stakeholders.
  • Three entities received 60% of health insurance port-ins and also accounted for 20% of port-outs.
  • IRDAI extended the feedback deadline on the distribution reforms to 31 October 2026.
Full notes and 3 MCQs ›

Economy

Economy

7. India only major EM set to cut debt ratio by 2031: RBI DG

  • RBI Deputy Governor Poonam Gupta spoke at the Business Standard BFSI Insight Summit on 28 October 2026.
  • India is the only EM among nine economies above $1 trillion GDP projected to cut debt-to-GDP during 2025-2031.
  • India's general government debt is projected to fall from 84.3% of GDP (2025-26) to 75.1% (2031-32).
  • IMF: global public debt 94% of GDP in 2025, above 100% in 2030 and nearly 102% in 2031.
  • General government capex rose to 5.8% of GDP in 2025-26 from about 4% in 2019-20.
Full notes and 3 MCQs ›
Economy

8. IIP growth at 6.7% in September 2026; manufacturing up 7.6%

  • IIP grew 6.7% year-on-year in September 2026; index at 124.3 against 116.5 a year earlier (base 2022-23).
  • August 2026 growth was revised to 7.8% from the initial 8%.
  • Manufacturing grew 7.6%, electricity and gas 11.2%, water supply 5.8%, while mining contracted 6.2%.
  • Intermediate goods led use-based growth at 12.2%, followed by capital goods at 10.4%.
  • 17 of 23 manufacturing groups grew; electrical equipment rose 33.9%.
Full notes and 3 MCQs ›

International Affairs

Economy

9. India-Mexico PTA: Talks Launched with Signing of Terms of Reference

  • India and Mexico signed Terms of Reference (ToR) to start Preferential Trade Agreement (PTA) negotiations, as per a PIB release of 28 October 2026.
  • India was represented by Commerce Secretary Rajesh Agrawal; Mexico by Deputy Minister for Foreign Trade Luis Rosendo Gutierrez Romano.
  • Priority sectors include automotive, chemicals, electronics, pharmaceuticals, agri-food, energy, critical minerals, medical devices and advanced manufacturing.
  • The move traces back to Modi-Sheinbaum talks at the G7 summit in Canada in June 2025.
  • A Mexican trade delegation is proposed to visit India in the first quarter of 2027.
Full notes and 3 MCQs ›
International Relations

10. Jaishankar to Attend G20 FMM in Atlanta, Quad FMM and CHOGM 2026

  • MEA spokesperson Randhir Jaiswal announced EAM S. Jaishankar's US and Antigua visits on 28 October 2026.
  • G20 Foreign Ministers' Meeting: Atlanta, USA, 30-31 October 2026, hosted by US Secretary of State Marco Rubio.
  • Jaishankar will also attend a Quad Foreign Ministers' meeting on the sidelines of the G20 meeting.
  • CHOGM 2026: St. John's, Antigua and Barbuda, 1-4 November; theme 'Accelerating Partnerships and Investment for a Prosperous Commonwealth'.
  • MEA said 22 Indians, 14 of them seafarers, have been killed in the West Asia conflict since February.
Full notes and 3 MCQs ›

Agriculture & Rural

Government Schemes

11. PM-KISAN 24th instalment: Rs 18,680 crore to be released on 30 October

  • PM Narendra Modi will release the 24th PM-KISAN instalment on 30 October 2026 from Bhildi, Banaskantha district, Gujarat.
  • Over Rs 18,680 crore will reach more than 9.34 crore farmer families.
  • First 23 instalments transferred over Rs 4.47 lakh crore to more than 11 crore farmer families.
  • Gujarat: over 52.33 lakh farmer families to receive more than Rs 1,051 crore.
  • PM-KISAN pays Rs 6,000 a year in three equal instalments of Rs 2,000 through DBT.
Full notes and 3 MCQs ›

Science & Technology

Science & Technology

12. NVS-03: ISRO to Launch Navigation Satellite on GSLV-F18 on 30 October

  • ISRO announced on 28 October 2026 that GSLV-F18 will carry NVS-03 from the Second Launch Pad, Sriharikota, on 30 October at 11:51 PM.
  • GSLV-F18 is the 20th flight of the GSLV; NVS-03 is the third satellite of the Next Generation Navigation Satellite System.
  • NVS-03 weighs about 2,250 kg, carries an indigenous atomic clock and adds an L1 signal to the L5 and S signals.
  • NavIC covers India and a region of about 1,500 km beyond its boundary.
  • NVS-02, launched in January 2025, could not reach its final orbit owing to a valve-related malfunction.
Full notes and 3 MCQs ›

Environment & Ecology

Environment & Ecology

13. Cyclone Arnab makes landfall near Yanam on Andhra Pradesh coast

  • Cyclone Arnab made landfall near Yanam on the Andhra Pradesh coast early on 28 October 2026.
  • It struck as a very severe cyclonic storm with winds of up to 135 kph, later weakening to a severe cyclonic storm.
  • IMD forecast a storm surge of up to 1.5 m above tide level in low-lying Andhra Pradesh areas.
  • At least 1.8 lakh (180,000) people were evacuated from Andhra Pradesh and Odisha before landfall.
  • IMD expected it to weaken into a deep depression by evening and cross Malkangiri in Odisha.
Full notes and 3 MCQs ›
Environment & Ecology

14. Kuno cheetah KNG22 dies of pellet injuries; Centre forms probe team

  • Cheetah KNG22, a 19-month-old male cub of Nirva, died on 27 October 2026 after gunshot pellet injuries.
  • It was found injured on 25 October in Morena forests, outside the safe zone of Kuno National Park.
  • Five gunshot pellets were removed during emergency surgery at an animal hospital in Jabalpur.
  • The central team has the Inspector General of Forests, NTCA, WCCB Additional Director and a Regional Deputy Director.
  • Madhya Pradesh had already formed a Special Task Force of forest and police officers.
Full notes and 3 MCQs ›

Defence & Security

International Relations

15. Rajnath Singh Meets US, Japan, Singapore Ministers at ADMM-Plus Cebu

  • Rajnath Singh held bilateral talks on 28 October 2026 on the sidelines of the 13th ADMM-Plus in Cebu, Philippines.
  • With US Secretary of War Pete Hegseth, he reviewed progress under the 10-year India-US Defence Framework.
  • With Japan's Shinjiro Koizumi, he agreed to speed up preparations for the 4th India-Japan 2+2 meeting in Tokyo.
  • Singapore will chair ADMM-Plus in 2027; Chan Chun Sing was invited to Aero India 2027 in Bengaluru (February 2027).
  • He also met Australia's Deputy Prime Minister and Defence Minister Richard Marles.
Full notes and 3 MCQs ›

Reports & Indexes

Economy

16. Commodity prices to rise 23% in 2026: World Bank outlook

  • The World Bank released its October 2026 Commodity Markets Outlook on 28 October 2026.
  • Commodity prices are forecast to rise 23% in 2026 and ease 7% in 2027.
  • Energy prices may jump 32% in 2026; Brent to average $91/bbl in 2026 versus $69 in 2025.
  • Metals to rise 25% with aluminium, copper and tin at records; precious metals up 40%.
  • Drivers include the Middle East conflict, disrupted grain shipments and El Nino.
Full notes and 3 MCQs ›

Awards & Persons

Awards & Persons

17. Neelam Sirohi, Kajal Dhochak win silver at World Wrestling Championships

  • Neelam Sirohi (50kg) lost the final by fall to Japan's four-time world champion Yui Susaki on 28 October 2026.
  • Kajal Dhochak (76kg) lost 6-8 to Ukraine's Anastasiya Alpyeyeva in the final.
  • It was the first time two Indian women reached World Championship finals at the same edition.
  • Anshu Malik became the first Indian woman to reach a World Championships final in 2021.
  • India's overall Worlds medal count rose to 26: 1 gold, 7 silver and 18 bronze.
Full notes and 3 MCQs ›

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