Welcome to Plutus Academy’s Daily Current Affairs — 10 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, UNCTAD, US Federal Reserve, Reuters, PTI) for Bank PO, SSC, RRB and UPSC aspirants.
🇮🇳 National News
PM-SETU Expanded Across 200 ITI Clusters with ₹1,237.58 Crore Investment
The Government of India approved the nationwide expansion of PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) across all 200 identified ITI clusters, with strategic investment plans worth ₹1,237.58 crore. The approval came at the 4th National Steering Committee meeting chaired by Debashree Mukherjee, Secretary, Ministry of Skill Development and Entrepreneurship, which also cleared five new ITI clusters across Odisha, Gujarat and Telangana with private-sector anchor partners.
Ministry of Education Releases UDISE+ 2025-26 Report
The Ministry of Education released the UDISE+ (Unified District Information System for Education Plus) 2025-26 report on 7 July 2026. The number of teachers rose 8.3% to 1,02,73,020; secondary-level Gross Enrolment Ratio improved to 71.7% (from 68.5%), and dropout rates declined across all levels — secondary down to 7.0% from 8.2%.
Agriculture Minister Launches PRAGATI Initiative for 20 Lakh Farmers
Union Agriculture Minister Shivraj Singh Chouhan launched PRAGATI (Promoting Regenerative Agriculture Through Agri-Entrepreneurship Initiative) in New Delhi. It aims to empower 20,000 agri-entrepreneurs and support 20 lakh smallholder farmers across eight states, targeting at least a 30% rise in farmers’ income and 15–20% higher yields of major crops.
Tribal Affairs Ministry Launches ‘TribeX’ Digital Learning Platform
Union Tribal Affairs Minister Jual Oram launched TribeX, a first-of-its-kind digital learning platform for tribal arts, culture and traditional knowledge, at the National Workshop on Strengthening Tribal Research Institutes in Bhubaneswar, Odisha. It currently hosts 20 free certificate courses, and an MoU with Sampurnanand Sanskrit University (Varanasi) will add UGC-recognised PG diploma programmes.
Mizoram’s Natural History Museum Notified as India’s 21st Designated Repository
The Ministry of Environment, Forest and Climate Change notified the Natural History Museum, Mizoram University, Aizawl as India’s 21st Designated Repository under Section 39 of the Biological Diversity Act, 2002. Located in the Indo-Burma biodiversity hotspot, the museum preserves over 500 specimens and will document endemic species with BSI and ZSI.
Sirsa Kinnow Becomes Haryana’s First Exclusive GI-Tagged Fruit
The Geographical Indication Registry granted a GI tag to Sirsa Kinnow, making it Haryana’s first fruit with such recognition. India’s total GI-tagged products now stand at 822, with 125 registered between April 2025 and March 2026 — Madhya Pradesh leading with 26.
UP Cabinet Approves Renaming of Jalalabad as Parashurampuri
The Uttar Pradesh Cabinet, chaired by CM Yogi Adityanath, approved renaming Jalalabad town (Shahjahanpur district) as Parashurampuri, citing its significance as the believed birthplace of Lord Parashuram. The Cabinet also cleared the UP Startup Policy and a new Data Centre Policy.
🌍 International News
UNCTAD World Investment Report 2026: India 11th-Largest FDI Recipient
UNCTAD’s World Investment Report 2026 (“International Investment in a Turbulent Era”) ranked India the world’s 11th-largest FDI recipient, up two places, with inflows surging about 44% to $38.89 billion in 2025. Global FDI rose 6% to $1.6 trillion; the USA ($277 bn), Singapore ($151 bn) and Hong Kong ($116 bn) led inflows. India also climbed to 18th among source economies with outflows of $35.66 billion.
India Participates in Inaugural UN Global Dialogue on AI Governance in Geneva
Union MoS Kirti Vardhan Singh led the Indian delegation at the inaugural UN Global Dialogue on AI Governance in Geneva (6–7 July 2026), reaffirming India’s ‘AI for All’ vision. The forum, created under UNGA Resolution 79/325, was co-chaired by Rwandan President Paul Kagame and Salesforce CEO Marc Benioff, with ITU chief Doreen Bogdan-Martin as Vice-Chair.
UK Labour Leadership Contest Formally Opens
Nominations for the UK Labour Party leadership election opened on 9 July 2026 and will close on 16 July, following Prime Minister Keir Starmer’s resignation as party leader announced on 22 June 2026. The contest will decide Britain’s seventh Prime Minister in a decade.
🏦 News Related to Indian Banking and Finance
RBI Approves Mahesh Muralidhar Pai as MD & CEO of South Indian Bank
The Reserve Bank of India approved the appointment of Mahesh Muralidhar Pai, currently Chief General Manager at Canara Bank, as MD & CEO of South Indian Bank for three years from 1 October 2026. He succeeds P. R. Seshadri. RBI also approved the re-appointment of N. S. Vishwanathan as Non-Executive (Part-time) Chairman of Axis Bank for three years from 27 October 2026.
GIFT City Signs MoU with Vietnam’s Da Nang Financial Centre
GIFT City, India’s International Financial Services Centre, signed an MoU with the Vietnam International Financial Center–Da Nang (VIFC-DN) in New Delhi to promote cross-border investment, fintech cooperation and capacity building. GIFT City also signed MoUs with Tata Communications (for Global Capability Centres) and CEPT University.
Bank Credit Grows at Fastest Pace in Nearly Two Years
RBI data showed bank credit expanded 17.65% year-on-year as of 31 May 2026 — the fastest in almost two years — while deposits grew 12.21%, widening the credit-deposit growth gap to 544 basis points. Separately, RBI has temporarily withdrawn the interest-rate ceiling on fresh FCNR(B) deposits of 3–5 year tenors until 30 September 2026.
Adani’s Kutch Copper Wins LME Certification
Kutch Copper Limited, an Adani Enterprises subsidiary, secured London Metal Exchange (LME) certification for its ‘Adani Copper’ Grade A cathodes, eligible for delivery against LME copper futures from 10 July 2026 — placing the brand among the world’s leading copper brands.
💱 News Related to International Banking and Finance
US Fed Minutes: Rate Held at 3.5–3.75%, Nine Officials See a 2026 Hike
Minutes of the US Federal Reserve’s June 16–17 FOMC meeting, released on 8 July 2026, showed a unanimous 12-0 vote to hold the federal funds rate at 3.5%–3.75%. The dot plot revealed nine of 18 officials expect at least one rate hike before end-2026. Chair Kevin Warsh, speaking earlier at the ECB Forum in Sintra, said inflation remains “too high”.
NPCI’s Dilip Asbe Joins SWIFT Supervisory Board
Dilip Asbe, MD & CEO of the National Payments Corporation of India (NPCI), was appointed to the Supervisory Board of SWIFT (Society for Worldwide Interbank Financial Telecommunication) — a recognition of India’s growing weight in global payments infrastructure.
🏆 International Sports Events
Wimbledon 2026: All-Czech Women’s Final Set
In the women’s semi-finals on 9 July, Karolina Muchova saved a match point to beat two-time Grand Slam champion Coco Gauff 6-2, 1-6, 7-6(12-10), while 21-year-old Linda Noskova defeated Marta Kostyuk 6-4, 6-4 — guaranteeing a first-time champion in an all-Czech final. Men’s semi-finals, featuring Alexander Zverev and surprise semi-finalist Arthur Fery, are on 10 July.
FIFA World Cup 2026: France Beat Morocco to Reach Semi-Finals
France defeated Morocco in the opening quarter-final at Gillette Stadium, Boston on 9 July, with Kylian Mbappé leading the side into the semi-finals. Remaining quarter-finals: Belgium vs Spain (10 July, SoFi Stadium), Norway vs England and Argentina vs Switzerland (11 July).
Former Afghanistan Pacer Shapoor Zadran Passes Away at 38
Shapoor Zadran, the left-arm fast bowler who took 80 international wickets (44 ODIs, 36 T20Is) and hit the winning runs in Afghanistan’s first-ever World Cup victory (vs Scotland, 2015), passed away in New Delhi at the age of 38 on 7 July 2026.
👤 Major National or International Appointments
Alok Kumar Mittal Appointed DG of BPR&D
Alok Kumar Mittal, a 1993-batch IPS officer of Haryana cadre, was appointed Director General of the Bureau of Police Research & Development (BPR&D), with tenure up to 30 June 2029.
Rear Admiral (Retd.) C. Raghuram Takes Charge as CMD of Hindustan Shipyard
Rear Admiral (Retd.) Chadrasekhran Raghuram assumed charge as Chairman and Managing Director of Hindustan Shipyard Limited, Visakhapatnam.
Sourav Ganguly Named Brand Ambassador of InsuranceDekho
Insurtech platform InsuranceDekho appointed former India captain and ex-BCCI President Sourav Ganguly as brand ambassador, launching its ‘Khul Kar Khelo’ campaign to empower insurance advisors.
📋 Resignation or Dismissal
P. R. Seshadri to Step Down as South Indian Bank MD & CEO
P. R. Seshadri will step down as MD & CEO of South Indian Bank, remaining in office until 30 September 2026, after which RBI-approved successor Mahesh Muralidhar Pai takes charge.
Starmer’s Exit Moves Forward: Labour Nominations Open
Following Keir Starmer’s resignation as UK Labour leader, formal nominations for his successor opened on 9 July 2026 (closing 16 July). Earlier, Defence Secretary John Healey and Armed Forces Minister Al Carns had resigned over defence-spending disputes.
🔬 Major Inventions and Discoveries
ISRO Clears CE20 Cryogenic Engine Hot Test for LVM3-M7
ISRO successfully conducted the flight-acceptance hot test of the CE20 cryogenic engine for the LVM3-M7 mission at IPRC Mahendragiri, Tamil Nadu, on 6 July 2026. The engine ran at 19.5 tonnes thrust for 45 seconds and 22 tonnes for 25 seconds, and was tested for the first time with the new Nozzle Protection System (NPS), which simplifies high-altitude testing.
AI Simulation Speeds Up Modelling of Neutron-Star Mergers
Researchers unveiled an AI-based simulation (reported 8 July 2026) that dramatically accelerates modelling of how neutron-star mergers forge many of the universe’s heaviest elements — alongside progress on quantum detectors designed to probe fundamental cosmic mysteries.
📝 Today’s Practice Quiz (SSC / Bank PO Pattern)
Attempt all five questions, then click Submit to see your score and explanations.
For previous days’ current affairs, visit Plutus Academy Current Affairs.
