📰 Daily Current Affairs

📅 28 October 2026 • ✅ 28/10/2026, 4:01:01 pm

1. Very severe Cyclone Arnab crosses Andhra Pradesh and Yanam coasts, weakens into a severe cyclonic storm

The landfall process was completed near Narsapur, with the IMD reporting weakening after the system crossed the Andhra Pradesh–Yanam coast; the cyclone also brought heavy rain and disruption in the region.

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2. NDA sweeps Karnataka Legislative Council polls, winning all four seats

The BJP–JD(S) alliance defeated Congress in all four Karnataka Legislative Council constituencies; JD(S) won Bengaluru Teachers’ while BJP retained three seats.

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3. Supreme Court agrees to hear challenge to ‘industry’ definition under Industrial Relations Code

The Court will examine an AITUC Tamil Nadu petition calling the Industrial Relations Code, 2020 definition of ‘industry’ vague and arguing that it does not satisfy the established triple test.

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4. Rajnath Singh and Pete Hegseth review progress of the India–U.S. 10-year defence framework

India’s Defence Minister and the U.S. Secretary of War reviewed implementation of the framework, which focuses on strategic convergence in critical technologies, information sharing and co-production.

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5. India’s record bank cash surplus fades as RBI curbs rupee bets

Excess funds with Indian lenders fell sharply from about ₹11 trillion in early September to ₹462 billion by October 26 as the RBI kept liquidity support limited while defending the rupee.

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6. SEBI waives margins on subsequent trades against Early Pay-in

SEBI introduced a real-time framework allowing clients to use the value of shares delivered through Early Pay-in toward margin requirements for subsequent cash-market positions, subject to settlement conditions.

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7. Sagarmala Finance Corporation, India’s first maritime-sector NBFC, targets ₹60,205 crore cumulative disbursements by FY2030–31

The dedicated maritime NBFC had sanctioned ₹11,563 crore and disbursed ₹5,107 crore by September 30, 2026, financing ports, shipbuilding, coastal connectivity and maritime infrastructure.

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8. Government creates 11 crore Farmer IDs under the Digital Agriculture Mission ahead of deadline

The target was achieved five months before the March 2027 deadline; the digital identity is intended to streamline access to schemes, bank credit, crop insurance, disaster relief and agricultural markets.

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9. Defence Acquisition Council approves ₹2.12 lakh crore capital procurement proposals

The DAC approved Acceptance of Necessity for Army, Navy and Air Force acquisitions, with about 82% of procurement value expected from Indian domestic industry; proposals include air-defence, drones, mobility and naval systems.

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10. India and Sri Lanka launch SAMHiTA project to preserve shared Buddhist manuscript heritage

The India-supported project at Colombo’s Gangaramaya Temple will digitise 100 ancient manuscripts, preserving material on South Asian religious traditions, philosophy, languages and cultural practices.

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