Daily Current Affairs 4th Nov 2026
Daily Current Affairs 4th Nov 2026
1. National Current Affairs
Cabinet Approves ₹14,500 Crore Energy Storage Programme
The Union Cabinet has approved a programme worth ₹14,500 crore (approximately $1.53 billion) to promote energy storage projects across India.
The programme aims to strengthen India’s energy storage infrastructure.
Energy storage is important for integrating renewable energy sources such as solar and wind power.
It will support India’s clean energy transition and improve electricity supply stability.
Om Birla Inaugurates PAC Chairpersons Conference
Lok Sabha Speaker Om Birla inaugurated the Conference of Chairpersons of Public Accounts Committees (PACs) in Thiruvananthapuram, Kerala.
The conference focuses on parliamentary financial oversight.
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The Public Accounts Committee examines government expenditure and reports of the Comptroller and Auditor General (CAG).
It plays an important role in ensuring accountability in the use of public money.
Bharatiya Vayuyan Niyam, 2026 Notified
The Ministry of Civil Aviation has notified the Bharatiya Vayuyan Niyam, 2026, replacing the Aircraft Rules, 1937.
Important points:
The new rules will come into effect on 1 January 2027.
They provide an updated regulatory framework for India’s aviation sector.
They cover aircraft registration, safety certification, maintenance, flight operations, licensing and airport operations.
The rules have been framed under the Bharatiya Vayuyan Adhiniyam, 2024.
Defence Ministry Signs ₹53,866.50 Crore Contracts for Eight Next Generation Corvettes
The Ministry of Defence has signed contracts worth ₹53,866.50 crore with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL).
Eight Next Generation Corvettes will be constructed for the Indian Navy.
GRSE will construct five corvettes.
Goa Shipyard Limited will construct three corvettes.
The vessels will strengthen India’s maritime security and naval capabilities.
India Hosts First BIMSTEC Maritime Security Exercise
India hosted the first-ever BIMSTEC Maritime Security Exercise at Sri Vijaya Puram in the Andaman and Nicobar Islands.
The exercise was conducted from 30 October to 3 November 2026.
It focused on maritime cooperation, security and interoperability.
BIMSTEC comprises seven countries: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
2. Jammu and Kashmir Current Affairs
J&K’s Own Revenue Reaches ₹13,628 Crore
Jammu and Kashmir’s own revenue collection reached ₹13,628 crore up to October 2026, registering an increase of 14.8 per cent.
Important figures:
Overall revenue growth: 14.8%.
Tax revenue growth: 15.2%.
Non-tax revenue growth: 13%.
The figures were highlighted during a Finance Department review meeting.
New Seismological Observatory Inaugurated in Kishtwar
Union Minister Dr Jitendra Singh inaugurated India’s 183rd Seismological Observatory in Kishtwar district of Jammu and Kashmir.
The observatory will transmit real-time seismic data to the National Centre for Seismology.
It will strengthen earthquake monitoring and disaster preparedness.
Jammu and Kashmir now has four seismological observatories in Jammu, Srinagar, Udhampur and Kishtwar.
The facility uses advanced digital seismic equipment.
Civil Secretariat Resumes Functioning in Jammu
The Jammu and Kashmir Civil Secretariat and other government offices have resumed functioning in Jammu following the Darbar Move.
The Darbar Move is the biannual shifting of the government secretariat between Srinagar and Jammu. The practice was introduced during the Dogra rule in 1872.
J&K High Court Empowers Civil Judges as Judicial Magistrates
The High Court of Jammu and Kashmir and Ladakh has empowered recently appointed Civil Judges (Junior Division) to exercise the powers of Judicial Magistrates First Class in their respective districts.
The powers will become effective from the date of their positioning in the respective districts.
Revised OTP Mechanism Introduced for PROOF App
The Jammu and Kashmir Government’s Finance Department has introduced a revised OTP delivery mechanism for the PROOF App.
The earlier SMS-based authentication system has been replaced.
OTPs will now be delivered through the Sandes App.
The change introduces a revised authentication process for users of the application.
3. International Current Affairs
India-Bangladesh Ganga Water Treaty
India has reiterated that a structured bilateral mechanism exists to address water-sharing issues with Bangladesh.
Important facts :
The Ganga Water Sharing Treaty was signed on 12 December 1996.
The treaty is scheduled to expire on 12 December 2026.
The Joint Rivers Commission is the bilateral mechanism dealing with shared river-related issues.
India and Bangladesh share 54 rivers.
India-Poland Business Forum
Minister of State for Commerce and Industry Jitin Prasada addressed the first India-Poland Business Forum in Warsaw.
He visited Poland on 2–3 November 2026.
A delegation of 12 Indian companies accompanied him.
The visit aimed to strengthen trade, investment and business cooperation between the two countries.
4. Economy and Banking Current Affairs
RBI Simplifies Export-Import Reporting Rules
The Reserve Bank of India has simplified reporting requirements under the Foreign Exchange Management Act (FEMA) for service exports and imports.
The changes relate to Export Declaration Forms (EDF) and the Import Data Processing and Monitoring System (IDPMS).
The objective is to simplify compliance and reduce reporting difficulties for individuals and businesses.
SBI Reports Strong Q2 FY27 Performance
The State Bank of India reported a 14.28% increase in profit for the second quarter of FY 2026–27.
Important figures:
Net profit: ₹23,038 crore.
Gross Non-Performing Assets (GNPA): 1.39%.
The improvement in asset quality indicates a reduction in the bank’s stressed assets.
India’s Services PMI Rises to 55.8
India’s Services Purchasing Managers’ Index (PMI) increased to 55.8 in October 2026, compared with 55.2 in September.
It reached a four-month high.
A PMI reading above 50 indicates expansion.
The increase reflects continued growth in India’s services sector.
4. Indian Railways Records Highest-Ever October Freight Loading
Indian Railways recorded freight loading of 145.07 million tonnes in October 2026.
October 2025 loading: 133.93 million tonnes.
Year-on-year growth: 8.32%.
April–October 2026 loading: 978.78 million tonnes.
Food grain loading increased by 26.3%.
India’s Manufacturing PMI
India’s Manufacturing Purchasing Managers’ Index declined to 54.7 in October 2026 from 55.1 in September.
Despite the decline, the index remained above 50, indicating continued expansion in manufacturing activity.
5. Science and Technology
IndiaAI Mission Releases Indigenous AI Foundation Models
The IndiaAI Mission has released indigenous artificial intelligence foundation models under its IndiaAI Innovation Centre initiative.
The models include:
EKA-1 by Soket.
Dhīr 2B by ZenteiQ.
Dhīr 5B by ZenteiQ.
The initiative aims to strengthen India’s domestic artificial intelligence ecosystem and technological capabilities.
CERT-In Gets Access to Mythos AI Model
The Indian Computer Emergency Response Team (CERT-In) has gained access to the Mythos AI model.
The development is relevant to cybersecurity and India’s efforts to strengthen its digital security capabilities.
6. Environment and Ecology
India to Push for Climate Finance at COP31
India is preparing to push for equitable climate action and predictable climate finance at the upcoming COP31 climate summit in Antalya, Türkiye.
India’s priorities include:
Climate finance for developing countries.
Equitable energy transition.
Climate justice.
Recognition of different national circumstances.
Greater international cooperation on climate change.
Severe Cyclonic Storm Murasu Crosses Andhra Pradesh Coast
Severe Cyclonic Storm Murasu crossed the south Andhra Pradesh coast near Ongole.
Wind speeds were reported at 100–110 kmph.
Gusts reached up to 120 kmph.
Heavy rainfall affected several districts.
Rescue and relief operations were undertaken by state and central agencies.
7. Defence and Security
Rajnath Singh Sets ₹3 Lakh Crore Defence Production Target
Defence Minister Rajnath Singh has set a target of ₹3 lakh crore in domestic defence production by 2029.
India’s defence production reached ₹1.78 lakh crore in 2025–26.
The defence export target has been set at ₹50,000 crore by 2029.
The initiative aims to strengthen indigenous defence manufacturing.
CRPF Records Zero Casualties for 12 Consecutive Months
The Central Reserve Police Force (CRPF) recorded zero casualties in 12 consecutive months, marking an important achievement in its operational history.
The development was highlighted as a significant milestone for the force.
8. Sports Current Affairs
India Wins Men’s 50m Pistol Team Gold
India won the men’s 50m pistol team gold medal at the ISSF World Championships held in Doha.
Indian team members: Ravinder Singh, Saurabh Chaudhary and Amanpreet Singh.
India’s combined score: 1659.
China secured the silver medal with 1648 points.
Ravinder Singh also won individual silver.
India Wins Men’s and Women’s Commonwealth Kabaddi Titles
India won both the men’s and women’s titles at the inaugural Commonwealth Kabaddi Championship 2026 in Ahmedabad.
Men’s team defeated Sri Lanka 54–20.
Women’s team defeated Uganda 35–15.
The Indian men’s team completed the tournament with eight victories in eight matches.
9. Important Reports and Rankings
1. QS Asia University Rankings 2027: IIT Delhi emerged as India’s highest-ranked institution, securing the 66th position in Asia.
2. India S&T Scoreboard: NITI Aayog launched the India Science and Technology Scoreboard, with Tamil Nadu topping the ranking.
10. Important One-Liners for Competitive Exams
Who inaugurated the new Seismological Observatory in Kishtwar? — Dr Jitendra Singh.
Which observatory became India’s 183rd Seismological Observatory? — Kishtwar Seismological Observatory.
How many seismological observatories are there in Jammu and Kashmir? — Four.
What is J&K’s own revenue collection up to October 2026? — ₹13,628 crore.
When was the Ganga Water Sharing Treaty signed? — 12 December 1996.
When will the Ganga Water Sharing Treaty expire? — 12 December 2026.
Which organisation releases the Services PMI? — S&P Global.
What was India’s Services PMI in October 2026? — 55.8.
What was Indian Railways’ freight loading in October 2026? — 145.07 million tonnes.
Which Indian bank reported a Q2 FY27 profit of ₹23,038 crore? — State Bank of India.
Where was the first BIMSTEC Maritime Security Exercise hosted? — Sri Vijaya Puram.
How many countries are members of BIMSTEC? — Seven.
Which organisation launched the India S&T Scoreboard? — NITI Aayog.
Which institution ranked 66th in the QS Asia University Rankings 2027? — IIT Delhi.
Where was the ISSF World Championship mentioned in today’s sports news held? — Doha, Qatar.