UK announces £1 billion in new commercial deals with India under trade pact

International relations

1. The United Kingdom announced £1 billion in new commercial deals with India.
2. Both sides agreed to exchange data every year on how businesses use the CETA.
3. The CETA came into force on 15 July 2026.
4. The data will cover claims for lower tariffs and feedback, starting one year after the pact took effect.
5. 📚 CETA stands for Comprehensive Economic and Trade Agreement, signed in London on 24 July 2025. (SSC, Banking)

Retail inflation rises to 5.54% in September 2026, a 23-month high

Economy & banking

1. MoSPI data show CPI retail inflation at 5.54% in September 2026, up from 4.83% in August.
2. Food inflation (CFPI) jumped to 7.74%, from 5.97%. Onion prices drove most of the rise.
3. This is the highest rate since October 2024 (6.21%). The figure is provisional, on the 2024 base year.
4. Rural inflation stood at 6.08% and urban inflation at 4.88%.
5. 📚 The RBI's inflation target is 4%, with a band of ±2%. (Banking, SSC)

Robert E. Hall and Michael Woodford win the 2026 Nobel Prize in Economics

Awards & honours

1. Americans Robert E. Hall and Michael Woodford won the 2026 Nobel Prize in Economic Sciences.
2. The prize was given for their work on the microeconomic foundations of macroeconomic stabilisation.
3. Hall teaches at Stanford University and Woodford at Columbia University. The prize is worth 12 million Swedish kronor.
4. The Royal Swedish Academy of Sciences announced it. It was the last prize of the 2026 Nobel cycle.
5. 📚 The economics prize was set up by Sveriges Riksbank in 1968 and first given in 1969. (All exams)

Sunil Bharti Mittal named Chevalier of France's Legion of Honour

Awards & honours

1. French President Emmanuel Macron named Sunil Bharti Mittal a Chevalier of the Legion of Honour.
2. Mittal is the founder and chairman of Bharti Enterprises.
3. The honour recognises his work on India-France economic ties and in telecom and digital infrastructure.
4. He will receive the insignia at the French Embassy in New Delhi on 28 October 2026.
5. 📚 Napoleon Bonaparte created the Legion of Honour, France's highest order of merit, in 1802. (SSC, Banking)

DGFT notifies 5,841 tonnes of sugar exports to EU under TRQ for 2026-27

Economy & banking

1. The DGFT notified that India may export 5,841 tonnes of sugar to the European Union.
2. The exports fall under the tariff rate quota (TRQ), which gives a duty concession.
3. The quota covers 2026-27, from October 2026 to September 2027.
4. Under a TRQ, a fixed quantity enters the market at a lower import duty.
5. 📚 The DGFT works under the Ministry of Commerce and Industry. (SSC, Banking)

NSA Ajit Doval holds phone talks with Iran's security chief Mohsen Rezaei

International relations

1. India's National Security Adviser Ajit Doval spoke by phone with Iran's security chief Mohsen Rezaei.
2. They discussed the latest regional and international developments, including the West Asia conflict.
3. They also discussed bilateral issues and matters of mutual interest.
4. The call came amid attacks on shipping in the Strait of Hormuz.
5. 📚 India's National Security Council was set up in 1998. Brajesh Mishra was the first NSA. (SSC, All exams)

RBI cuts corporates' dollar forward limit from $100 million to $5 million

Economy & banking

1. The RBI issued new rules to support the rupee and reduce volatility in the forex market.
2. The maximum limit for corporates' dollar forward transactions fell from $100 million to $5 million.
3. The new rules also require stricter documentation for these transactions.
4. The RBI says the steps will improve market discipline and risk management.
5. 📚 The RBI was set up on 1 April 1935. Forex rules come under FEMA, 1999. (Banking)

Bihar CM transfers ₹112 crore to 1.6 lakh flood-hit families

States

1. The Bihar Chief Minister transferred ₹112 crore in relief money.
2. About 1.6 lakh flood-hit families in the state received the money.
3. The money was sent as direct relief to families hit by floods.
4. 📚 The Kosi river is called the 'Sorrow of Bihar' because it floods so often. (BPSC, BSSC)

Pakistan declares state of emergency in Khyber Pakhtunkhwa province

International relations

1. Pakistan's federal government declared a state of emergency in Khyber Pakhtunkhwa.
2. The province is ruled by PTI, the party of jailed former PM Imran Khan.
3. The government cited a rise in terrorist attacks. There are also tensions along the Afghanistan border.
4. Reports say the Pakistan Army wants a bigger role in the province.
5. 📚 The capital of Khyber Pakhtunkhwa is Peshawar. (SSC, All exams)

ISRO says India-France TRISHNA satellite is in advanced stage of realisation

Science & technology

1. An ISRO official said the TRISHNA satellite is in an advanced stage of realisation.
2. India and France are building TRISHNA together.
3. It is their third joint satellite, after Megha-Tropiques and SARAL.
4. SARAL stands for Satellite with ARGOS and ALTIKA.
5. 📚 France's space agency is CNES. ISRO's headquarters is in Bengaluru. (SSC, Railway)