The most important current affairs of 07 October 2026, curated for Banking, SSC & RBI Grade B exams.
1. PM Receives Tribal Artifacts: Chhattisgarh’s Dhokra Legacy in Focus
Relevance for Banking, SSC & RBI Grade B exams: Art & Culture
Explore PM Modi’s 8th e-auction artifacts from Chhattisgarh, featuring 4,000-year-old Dhokra art and tribal heritage, crucial for Art & Culture sections in Ba
2. BC Commission Slams Village Development Committees for Social Boycotts in Nizamabad
Relevance for Banking, SSC & RBI Grade B exams: Polity
The Telangana Commission for Backward Classes (TGCBC) has issued a stern warning to Village Development Committees (VDCs) against enforcing social boycotts, following complaints from around 90 victims in Nizamabad district. These committees, comprising members from all castes, have allegedly subjected individuals to harassment, fines, and social exclusion under the guise of village development. The Commission’s chairman, G. Niranjan, directed the district administration and police to take strict legal action against VDCs violating constitutional provisions, emphasizing that such practices persist despite India’s democratic framework. The Commission also proposed forming a special monitoring committee to oversee VDC functioning and ensure prompt legal aid for victims, highlighting the need for systemic checks to uphold social justice.
For aspirants preparing for Banking, SSC, and RBI Grade B exams, this issue underscores the importance of constitutional provisions against untouchability and social discrimination, as enshrined in Articles 15 and 17 of the Indian Constitution. Questions in these exams often test knowledge of such socio-legal frameworks, making it crucial to understand the role of statutory bodies like the TGCBC in addressing caste-based atrocities. Additionally, awareness of grassroots governance structures, such as VDCs, and their potential misuse can be relevant for Polity and Governance sections, particularly in questions related to decentralization and administrative accountability.
Source: The Hindu
3. Himachal Extends Deadline for Panchayat Plans on e-Gram Swaraj Portal
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Himachal Pradesh extends deadline to 15 Oct 2026 for uploading Panchayat Development Plans on e-Gram Swaraj portal. Know key updates for Banking, SSC & RBI Gr
4. NCSC Pushes Mandatory Reporting of SC Beneficiaries in Key Financial Schemes
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
NCSC intervention leads Finance Ministry to mandate reporting of SC beneficiaries in key schemes like Mudra, Stand-Up India, PMEGP, and more under SLBC/UTLBC
5. RBI Rate Hike Impact: How Home Loans Become Costlier for Aspirants
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI’s 25-bps repo rate hike raises home loan EMIs by ₹780/month & interest by ₹1.88 lakh. Understand how rate hikes burden first-time buyers in Banking & SSC
6. PMGSY Chintan Shivir: Future Roadmap for Rural Connectivity & Tech Integration
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
PMGSY Chintan Shivir highlights PMGSY-IV’s ₹70,125 crore plan to connect 25,000 villages with climate-resilient roads. Focus on AI, GPS monitoring, and sustai
7. Banswara’s Political Journey: From Municipal Head to Deputy Mayor
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Explore Banswara’s political evolution as leaders transition from municipal governance to district leadership, including the rise of a Deputy Mayor. Key insig
8. RBI’s Account Aggregator Interoperability: Simplifying Asset Statements for Bank PO Aspirants
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI allows interoperability among NBFC account aggregators. Know how this impacts your consolidated asset statements for faster loan approvals and seamless fi
9. Bankra Masjid Land Ownership: Centre vs Mosque Committee in AAI Case
Relevance for Banking, SSC & RBI Grade B exams: Polity
AAI tells Calcutta HC Bankra Masjid land belongs to Centre; mosque committee loses claim over airport land acquired in 1961. Know key legal, security & religi
10. Akhilesh Yadav’s Ayodhya Visit: Political Message & UP 2027 Elections
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Akhilesh Yadav to visit Ayodhya but skip Ram Mandir visit ahead of UP 2027 polls. Political message at religious event sparks BJP vs SP debate.
11. DST Reviews Prep for Special Campaign 6: Key Focus on Cleanliness & E-Waste
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
DST reviews Special Campaign 6 preparations with focus on cleanliness, e-waste management, and PR for SSC, Bank PO, and RBI Grade B aspirants. Key governance
12. DST’s Special Campaign 6: Key Focus Areas for Banking & SSC Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
DST’s Special Campaign 6 (Oct 2026) targets cleanliness, pending cases, record management & e-waste. Know key focus areas for Banking, SSC & RBI Grade B exams
13. RBI Releases Key Survey Results: UCCS, IESH & Manufacturing Trends 2026
Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance
RBI released Forward Looking Surveys including Urban Consumer Confidence, Inflation Expectations, and Manufacturing Sector Outlook for Q1-Q2 2026-27. Key insi
14. Environmental Economic Accounting Strategy 2026-2030 for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
MoSPI releases India’s Environmental Economic Accounting Strategy 2026-2030 to enhance green national accounts. Key for UPSC, SSC, RBI Grade B exams.
15. RBI Auction Results: Treasury Bills Yield Insights for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity
RBI released Treasury Bills auction results on Oct 7, 2026. Key data on 91/182/364-day T-Bills, cut-off yields, and bid acceptance for Bank PO, SSC, and RBI G
16. Raksha Mantri Approves Revised SOP for MoD Ranges & Facilities for Defence Industry
Relevance for Banking, SSC & RBI Grade B exams: Security
Raksha Mantri approves revised SOP for utilisation of MoD Proof Ranges, Field Firing Ranges & Test Facilities by Indian Defence Industry to boost indigenous d
17. RBI Hikes Repo Rate to 5.5%: Sensex Drops 429 Points on Policy Shift
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
RBI raised repo rate by 25 bps to 5.5% in first hike in 4 years, shifting stance to ‘calibrated tightening’. Sensex fell 429 pts amid high crude prices and FI
18. Textile Ministry concludes ‘Swachhata Hi Seva 2026’ campaign with nationwide cleanliness drive
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Textile Ministry concluded ‘Swachhata Hi Seva 2026’ campaign on Oct 2, 2026, with nationwide cleanliness drives, tree plantations, and waste management initia
19. RBI Auction Results: 91, 182 & 364-Day T-Bill Cut-off Yields for 2026 Exam Aspirants
Relevance for Banking, SSC & RBI Grade B exams: Polity
RBI’s 2026 T-Bill auction results: 91-day yield at 5.39%, 182-day at 5.82%, 364-day at 6.09%. Key for Banking/SSC/RBI Grade B exams. Check details.
20. Indian Parliamentary Delegation Attends 153rd IPU Assembly in Tanzania
Relevance for Banking, SSC & RBI Grade B exams: Polity
Indian Parliamentary Delegation led by Harivansh, Deputy Chairman of Rajya Sabha, participated in the 153rd IPU Assembly in Arusha, Tanzania on October 6. Kno
21. RBI Shifts to Calibrated Tightening: What It Means for Repo Rate Hikes
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI shifts policy stance to ‘calibrated tightening’, hinting at more repo rate hikes despite stable inflation. Key insights for Bank PO, SSC & RBI Grade B asp
22. RBI’s October Rate Hike: Why Price Stability Trumps Growth Now
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI’s October rate hike signals a pivot to curb inflation amid rising crude prices, resilient growth, and food price volatility. Key insights for Banking, SSC
23. Supreme Court to Revisit Split Verdict on CEC Appointment Law
Relevance for Banking, SSC & RBI Grade B exams: Polity
Supreme Court agrees to examine plea seeking recall of its split verdict on the 2023 law governing CEC and EC appointments. Key details for Banking, SSC & RBI
24. Air Marshal Ashutosh Dixit Appointed as New Air Chief Marshal
Relevance for Banking, SSC & RBI Grade B exams: Security
Government appoints Air Marshal Ashutosh Dixit as 29th CAS of Indian Air Force from Oct 31, 2026. Know his career, awards & key roles in IAF.
25. RBI Raises FY27 Inflation Forecast to 5.2%: Key Takeaways for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI projects FY27 inflation at 5.2% amid supply-side pressures from monsoon, El Niño, and volatile oil prices. Know key facts for Banking, SSC, and RBI Grade
26. RBI Raises FY27 GDP Growth Forecast to 7.1%: Key Insights for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
The Reserve Bank of India (RBI) raised its GDP growth forecast for FY27 by 40 basis points to 7.1%, citing resilient domestic demand and strong investment activity despite global headwinds. Governor Sanjay Malhotra noted that Q1 FY27 growth stood at 7.8%, driven by private consumption and positive net exports, though risks from geopolitical tensions, high commodity prices, and tightening financial conditions remain. The central bank also projected GDP growth for Q2 at 7.2%, Q3 at 6.9%, and Q4 at 6.8%, with balanced risks. This upward revision aligns with projections from global agencies like the World Bank, ADB, and OECD, which have also upgraded India’s growth outlook for FY27, underscoring the economy’s robustness amid external challenges.
For banking and SSC aspirants, this forecast highlights the importance of macroeconomic indicators like GDP growth in shaping monetary policy and financial sector stability. RBI’s upward revision could influence repo rate decisions, liquidity management, and credit growth, directly impacting banking operations. For SSC exams, questions on GDP projections, inflation targets, and global economic agencies’ assessments are common, making this update relevant for static GK and current affairs sections. For RBI Grade B aspirants, understanding the interplay between growth forecasts, inflation projections, and policy measures is crucial for economic and financial awareness sections.
Source: orissapost.com
27. RBI Raises Repo Rate to 5.5%: Impact on Banking & SSC Exams
Relevance for Banking, SSC & RBI Grade B exams: Economy
RBI hikes repo rate by 25 bps to 5.5%, first increase in 4 years. Understand implications for inflation, GDP growth, and exam-relevant economy topics for Bank
28. RBI MPC Hikes Repo Rate to 5.5%: Key Decisions for Banking Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
RBI MPC raised repo rate by 25 bps to 5.5% in Oct 2026. Know stance change, inflation outlook, GDP growth & exam-relevant policy decisions for Bank PO, SSC &
29. IndiaAI Mission Launches AIKosh University Engagement at NIT Andhra Pradesh
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
IndiaAI Mission organized AIKosh University Engagement Program at NIT Andhra Pradesh to strengthen India’s AI talent ecosystem, empowering students with AI to
30. COP31: India Urges Focus on Paris Agreement Implementation Gaps
Relevance for Banking, SSC & RBI Grade B exams: Environment
India stresses COP31 must prioritize closing Paris Agreement gaps, fulfilling commitments, and accelerating climate action for sustainable development in bank
31. Finance Dept Policy: No Fresh Outsourcing Posts, Man-hours to Replace Manpower
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Odisha Finance Dept bars fresh outsourcing posts; 50,000+ outsourced employees to be measured in man-hours. Policy aims to phase out outsourced positions, lim
32. Odisha’s MMJM Mission: Key Facts for Banking, SSC & RBI Grade B Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Odisha’s MMJM Mission awaits final approval to empower 8 lakh PVTG families with ₹2,995 crore funding. Know key features for Banking, SSC & RBI Grade B exams.
33. MP CM Mohan Yadav to Meet Investors in Mumbai for Global Investors Summit 2027
Relevance for Banking, SSC & RBI Grade B exams: Art & Culture
Mohan Yadav to meet Mumbai industrialists on Oct 8 to attract investments ahead of MP’s Global Investors Summit 2027. Key focus on policy, infrastructure & in
34. Delhi Expands ANMOL Scheme & Doubles ASHA Incentives: Key Updates for Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Delhi launches expanded ANMOL scheme (63 diseases) & doubles ASHA incentives to ₹6,000. Virtual inauguration of SOTTO building & new Nursing Home Management p
35. ED Arrests KPSC Chairman in Job Racket Scandal: Key Details for Exams
Relevance for Banking, SSC & RBI Grade B exams: Polity
Enforcement Directorate arrests suspended KPSC chairman Shivashankarappa Sahukar and member B V Geetha in a job recruitment scam probe. Know key facts for Ban
36. KPSC Scam: ED Probes Flat Bought for IAS Officer’s Family
Relevance for Banking, SSC & RBI Grade B exams: Polity
Enforcement Directorate probes a Bengaluru flat bought for family of suspended IAS officer in KPSC veterinary officer recruitment scam involving Rs 1.52 crore
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