Current affairs — 31 October 2026

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1. Bank lending rates on new loans fell by 10 bps to 8.51% in September according to RBI data.
2. Scheduled commercial banks across India reduced their weighted average lending rates on fresh rupee loans.
3. The RBI had raised the repo rate earlier, but banks are now offering slightly lower rates on new loans to customers.
4. People taking new loans from banks will get slightly lower interest rates, but people with existing loans see no change.
5. WALR, MCLR and repo rate are key banking topics for government exams and show how RBI policy affects loan costs.

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1. The RBI Central Board held its 625th meeting in Mumbai to check India's economic health and possible problems.
2. RBI Governor Sanjay Malhotra led the meeting where board members reviewed current economic conditions.
3. The board looked at economic risks and also checked on the DICGC, which protects bank deposits.
4. This affects everyday people because the RBI decides banking rules that impact loans, savings, and money safety.
5. Remember: RBI Central Board meets regularly to review economic outlook and ensure the banking system protects people's deposits.

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1. A cyclone called Arnab caused heavy rain that created flash floods in Andhra Pradesh.
2. This happened in Srikakulam district near a place called Ichchapuram on a national highway.
3. The floods were so strong that many vehicles got stuck on National Highway 16 in the water.
4. People living in that area and those traveling on the highway faced danger and had to stop moving.
5. For exams, remember that cyclones cause flash floods and damage to highways in coastal districts.

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1. The 8th Pay Commission held meetings in Mumbai to listen to what government workers and others think about salary changes.
2. The commission was created in November 2025 and is led by Justice Ranjana Prakash Desai with 18 months to finish its work.
3. The government has not yet decided on the fitment factor, new minimum salary, or when the new pay will actually start.
4. Government employees, teachers, and workers who get pensions are waiting to know how much their salary will increase.
5. The commission's report is expected around May 2027, and new pay normally takes effect from 1 January after the report.

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1. The government gave central government workers and retired government workers more money through DA and DR starting July 1, 2026.
2. The Union Cabinet made this decision on October 28, 2026, for all central employees and pensioners.
3. The increase is 3%, which brings the total DA and DR amount to 63% of a person's basic pay.
4. About 48 lakh government employees and 68 lakh pensioners will get this extra money in their salaries and pensions.
5. The DA and DR rate is now 63%, costing the government 10,016 crore rupees every year, and this is important for government exams.

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1. Several big government job recruitment drives have opened with thousands of posts available right now.
2. RRB is hiring for NTPC and Station Master jobs, while UP is hiring teachers and TNPSC is hiring for Group 4.
3. These are government jobs that people apply for after finishing their education, so the deadlines and post numbers change each year.
4. Students and jobseekers who want government work need to apply before the closing dates or they will miss the chance.
5. Remember the main recruitment drives this season are RRB NTPC, RRB Station Master, UP TGT, and TNPSC Group 4 with different closing dates.

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1. The government gave railway workers extra money as a bonus for doing their work well.
2. This bonus was given to 11.4 lakh railway employees who are not in top officer positions.
3. The bonus equals 78 days of their regular wages and costs the government 2,009.61 crore rupees.
4. Railway workers and their families benefit because they get extra money in their pockets this year.
5. Remember: 78-day bonus, maximum ₹17,951 per worker, and 11.4 lakh employees got this in 2025-26.

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1. The Cabinet approved two new schemes to help villages and sports manufacturing in India.
2. The PM VGSY scheme will make Panchayati Raj institutions stronger, and the Khelo India scheme will help make sports goods.
3. PM VGSY runs from 2026-27 to 2030-31, while Khelo India runs until 2033-34 with money set aside for it.
4. Village people and people in sports manufacturing areas will see changes in local governance and job opportunities.
5. Both are Centrally Sponsored Schemes approved by the Union Cabinet for specific time periods with set budgets.

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1. The Cabinet approved a new scheme to help India make more shipping containers instead of buying them from other countries.
2. This is about the Container Manufacturing Promotion Scheme, which the government is funding with ₹10,000 crore.
3. The scheme gives money through interest cuts, help with testing, and support for land and running costs to container makers.
4. This affects businesses that make or use containers, and reduces how much India needs to import containers from abroad.
5. India wants to increase container production capacity from 70,000 TEU per year to 7.5 lakh TEU per year.

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1. The government decided to continue the National Social Assistance Programme for five more years until 2030-31.
2. The Union Cabinet approved this extension to help poor and needy people across all states and union territories.
3. The government will spend ₹53,428 crore to give pensions to old people, widows, and disabled persons.
4. This affects about 3.20 crore poor beneficiaries who depend on these pensions for their daily needs.
5. NSAP is a major government welfare scheme that provides old-age, widow, and disability pensions to poorest citizens.

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1. ISRO will launch a new navigation satellite called NVS-03 on 30 October 2026 using the GSLV rocket.
2. The satellite is made by ISRO and will be sent from Satish Dhawan Space Centre in Sriharikota.
3. India's NavIC system currently has only three working satellites but needs four for accurate standalone positioning.
4. This new satellite will help improve GPS-like services for phones, cars, and surveying across India.
5. NavIC satellites are second-generation and sent to geosynchronous orbit, which is important for government exams.