Welcome to Plutus Academy’s Daily Current Affairs — 9 July 2026. Today’s update covers the most important national and international developments, banking and finance news, sports events, key appointments, resignations, and science breakthroughs, curated from credible newspapers, news agencies and government sources (PIB, RBI, IMF, ECB, Reuters, PTI) for Bank PO, SSC, RRB and UPSC aspirants.
🇮🇳 National News
Vice-President Launches Odisha Deep Sea Fishing Mission
Vice-President C. P. Radhakrishnan, on his visit to Odisha on 9 July 2026, launched the Letter of Authorisation for Sustainable Harnessing of Fisheries in the High Seas and released the Odisha Deep Sea Fishing Mission document, a push to expand India’s blue-economy footprint and deep-sea fishing capability.
India–UAE Sign Enhanced Trade Partnership Agreement
India and the UAE signed a comprehensive Enhanced Trade Partnership Agreement on the sidelines of the India–UAE Business Summit in Abu Dhabi on 7 July 2026, targeting bilateral trade of $200 billion by 2030, up from the current $85 billion.
PM-PRANAM Scheme Launched with ₹2.11 Lakh Crore Outlay
Prime Minister Narendra Modi launched the PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth (PM-PRANAM) at a national agriculture conclave in New Delhi on 8 July 2026, with an outlay of ₹2.11 lakh crore to promote balanced fertiliser use and sustainable farming.
PM-SETU Scheme for ITI Upgradation Approved
The Union Government approved the nationwide rollout of Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) on 7 July 2026, to modernise Industrial Training Institutes and align skilling with industry demand.
Coast Guard Conducts Exercise ‘Sagar Raksha-IV’
The Indian Coast Guard conducted ‘Sagar Raksha-IV’, a large-scale multi-agency maritime security exercise in the Northern Arabian Sea on 7–8 July 2026, involving the Indian Navy, Customs, CISF, Fisheries Department and State Marine Police of Gujarat and Maharashtra.
Mizoram University Museum Becomes 21st Designated Repository
The Ministry of Environment, Forest and Climate Change notified the Natural History Museum of Mizoram University as India’s 21st Designated Repository under Section 39 of the Biological Diversity Act, 2002.
ABDM Crosses 104 Crore Linked Health Records
The Ayushman Bharat Digital Mission crossed 104 crore linked health records and 93 crore ABHA accounts, with Aarogya Setu 2.0 rolled out as the unified citizen-facing digital health gateway.
🌍 International News
NATO Summit Held in Ankara; Defence Spending Tops Agenda
Heads of state of NATO’s 32 members met at the Ankara Summit (Türkiye) on 7–8 July 2026. Secretary General Mark Rutte set three priorities: higher allied defence investment, stronger transatlantic defence-industrial production, and continued support to Ukraine. NATO also unveiled a ~$4.5 billion plan to buy up to 10 Saab GlobalEye surveillance aircraft to replace ageing AWACS.
UK–Netherlands £2.4 Billion Maritime Partnership
Britain and the Netherlands signed a £2.4 billion ($3.2 billion) maritime partnership under which their forces will get new amphibious transport ships, deepening European defence-industrial cooperation.
US–Iran Ceasefire Collapses; Oil Prices Surge
US President Donald Trump declared at the NATO Summit that the ceasefire with Iran is ‘over’, after three commercial vessels transiting the Strait of Hormuz came under attack. The US began fresh strikes against Iran, sending crude oil prices sharply higher.
US, Japan, South Korea Sign SMR Cooperation Pact
Foreign ministers of the US, Japan and South Korea signed an agreement on the sidelines of the NATO Summit to cooperate on deploying Small Modular Reactors (SMRs) in third countries.
🏦 News Related to Indian Banking and Finance
RBI Draft Governance Amendment: Comments Close 9 July
The window for public comments on the RBI’s draft Commercial Banks – Governance (Second Amendment) Directions, 2026 closed on 9 July 2026. The draft strengthens board oversight norms; the RBI is also weighing a mandatory Risk-Based Internal Audit (RBIA) framework focusing audit resources on high-risk areas.
Banking Ombudsman Complaints Rise 24% to 9.42 Lakh
The RBI’s Annual Report of the Ombudsman Schemes 2024-25 (released 8 July 2026) showed complaints under the Integrated Ombudsman Scheme rose 24% to 9.42 lakh, led by digital-payment failures and loan-related grievances.
Bank Credit Grows 17.65%, Fastest in Nearly Two Years
Bank credit expanded 17.65% year-on-year as of 31 May 2026 — the fastest pace in almost two years — while deposits grew 12.21%, widening the credit–deposit growth gap.
Upgraded Banknotes with Enhanced Security from Mid-2026
The RBI plans a phased rollout of upgraded banknotes with enhanced security features and varnish treatment for better longevity and hygiene, beginning mid-2026.
💱 News Related to International Banking and Finance
IMF July 2026 WEO: Global Growth to Slow to 3.0%
The IMF’s World Economic Outlook Update (July 2026) projects global growth to decline from 3.5% in 2025 to 3.0% in 2026, recovering to 3.4% in 2027. Global headline inflation is seen rising from 4.1% (2025) to 4.7% in 2026, largely due to the Iran conflict’s energy-price shock. The IMF–World Bank Annual Meetings 2026 will be held in Bangkok, Thailand (12–18 October).
ECB Rates at 2.25% After First Hike Since 2023
The European Central Bank’s 25-basis-point hike — its first since 2023 — keeps the deposit facility rate at 2.25% (main refinancing 2.40%, marginal lending 2.65%), as Middle East war pressures push euro-area inflation to a projected 3.0% for 2026.
Fed Chair Warsh: US Inflation Still ‘Too High’
US Federal Reserve Chairman Kevin Warsh, speaking at the ECB Forum in Sintra, said inflation remains too elevated and declined to signal a July rate cut, while noting AI’s potential deflationary effects.
🏅 International Sports Events
India Wins Inaugural FIH Hockey5s Men’s World Championship
The Indian men’s hockey team defeated Pakistan 6-4 in the final at Lausanne, Switzerland (7 July 2026) to clinch the inaugural FIH Hockey5s Men’s World Championship — a key event ahead of Hockey5s’ Olympic debut at Los Angeles 2028.
Wimbledon 2026: Zverev, Fery Enter Semi-Finals
In the men’s quarter-finals on 8 July, Alexander Zverev beat Taylor Fritz 6-4, 6-4, 6-2, while Britain’s Arthur Fery — only the fourth wild card ever to reach a men’s Grand Slam semi-final — beat Flavio Cobolli. In the women’s draw, Marta Kostyuk beat Jasmine Paolini and Linda Noskova beat Elise Mertens; Coco Gauff features in the semi-finals on 9 July.
🧑💼 Major National or International Appointments
Major Reshuffle of Governors and Lt Governors
President Droupadi Murmu effected a major gubernatorial reshuffle: Tamil Nadu Governor R. N. Ravi becomes Governor of West Bengal; Kerala Governor Rajendra Vishwanath Arlekar gets additional charge of Tamil Nadu; Ladakh LG Kavinder Gupta becomes Governor of Himachal Pradesh; Delhi LG Vinai Kumar Saxena moves to Ladakh; former diplomat Taranjit Singh Sandhu is the new Lt Governor of Delhi.
📤 Resignation or Dismissal
Resignations of Two Governors Accepted
The President accepted the resignation of West Bengal Governor Dr C. V. Ananda Bose and of Odisha’s outgoing Governor Raghubar Das, paving the way for the fresh appointments announced in the reshuffle.
🔬 Major Inventions and Discoveries
Quantum Leap: Magnon Lifetime Extended ~100 Times
Researchers extended the lifetime of magnons — tiny magnetic waves — by nearly 100 times, up to 18 microseconds, turning them into promising carriers of quantum information.
AI + Quantum Physics Finds Two New Superconductors
Scientists combined machine learning with quantum physics to discover two new superconductors and build a far faster search method for more such materials.
Magnetar Birth Confirmed from Supernova ‘Chirp’
A ‘chirping’ signal from a distant supernova revealed the birth of a magnetar, confirming these ultra-magnetic neutron stars can power the universe’s brightest stellar explosions.
ISRO Opens Bharatiya Antariksh Hackathon 2026
ISRO launched the Bharatiya Antariksh Hackathon (BAH) 2026 and, with IN-SPACe, is running a skill course on SAR data analysis (6–10 July 2026), strengthening India’s space-tech talent pipeline.
📝 Test Yourself — 5 MCQs (SSC / Bank PO Pattern)
Attempt the following questions and click Submit to see your score and explanations.
