Current Affairs October 2026


  • RBI raised the repo rate by 25 bps to 5.50%, its first hike since 2023, and shifted its stance to “calibrated tightening.”
  • RBI projected India’s FY2026–27 GDP growth at 7.1%, despite inflation and global energy-price pressures.
  • The 2026 Nobel Prize in Chemistry was awarded to Henri Kagan and Kenso Soai for work on controlling molecular mirror-image formation.
  • India observed Indian Air Force Day 2026 on 8 October, marking the 94th anniversary of the IAF, established in 1932.
  • The Union Cabinet approved a ₹10,000-crore SME Growth Fund to provide equity support, particularly to manufacturing SMEs.
  • Andhra Pradesh declared drought in 21 of its 26 districts following a 53.4% rainfall deficit during June–August.
  • Air Marshal Ashutosh Dixit was appointed as the 29th Chief of the Air Staff, effective 31 October 2026.
  • India launched National Coastal Mission 2.0 with an approved budget of ₹767 crore for conservation of coastal and marine ecosystems.
  • University of Colorado Denver received a UGC Letter of Intent to establish a campus in Hyderabad, becoming the first public U.S. university authorized for a degree-granting campus in India.c

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