Daily Current Affairs 1st Nov 2026
Daily Current Affairs 1st Nov 2026
1.) National Current Affairs
Centre Releases ₹1,09,019 Crore Additional Tax Devolution to States
The Central Government released an additional instalment of ₹1,09,019 crore in tax devolution to States on 31 October 2026. The additional funds are intended to support development activities, infrastructure projects and capital expenditure across different states.
Uttar Pradesh received the highest allocation, followed by Bihar and Madhya Pradesh.
Important Facts :
Additional tax devolution: ₹1,09,019 crore.
Uttar Pradesh: ₹19,208 crore.
Bihar: ₹10,845 crore.
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Madhya Pradesh: ₹8,010 crore.
Haryana, Madhya Pradesh and Chhattisgarh Celebrate State Foundation Day
November 1 is observed as the Foundation Day of three Indian states: Haryana, Madhya Pradesh and Chhattisgarh.
These states were formed following the implementation of the States Reorganisation Act, 1956, and the Madhya Pradesh Reorganisation Act, 2000.
Haryana was formed on 1 November 1966.
Madhya Pradesh was formed on 1 November 1956.
Chhattisgarh was formed on 1 November 2000.
Cotton Import Duty Exemption Extended Till December 31, 2026
The Central Government has extended the customs duty exemption on cotton imports until December 31, 2026.
The decision is aimed at supporting the textile industry by ensuring the availability of raw cotton and helping manage input costs for manufacturers.
Kendriya Grihmantri Dakshata Padak Awarded to 490 Police Personnel
A total of 490 police personnel were honoured with the Kendriya Grihmantri Dakshata Padak on the occasion of National Unity Day 2026.
The award recognises excellence and outstanding contributions in various areas of policing, including investigation, intelligence and special operations.
2. International Current Affairs
First BIMSTEC Maritime Security Exercise
The first BIMSTEC Maritime Security Exercise is being conducted from October 30 to November 3, 2026.
The exercise brings together participating countries of the Bay of Bengal region to strengthen maritime cooperation, improve coordination and address common maritime security challenges.
Important Facts :
Organisation: BIMSTEC.
Full Form: Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Member countries: Seven.
Headquarters: Dhaka, Bangladesh.
India and Russia Discuss Bilateral and Global Issues
External Affairs Minister S. Jaishankar held discussions with Russian Foreign Minister Sergey Lavrov on the sidelines of the G20 Foreign Ministers’ Meeting in Atlanta.
The discussions covered the Ukraine conflict, the situation in West Asia and important international developments.
3. Jammu & Kashmir Current Affairs
J&K and Ladakh High Court Rules on Water Usage Charges for Hydropower Projects
The High Court of Jammu and Kashmir and Ladakh delivered an important ruling concerning water usage charges imposed on hydropower projects.
The court examined the constitutional limits of the State’s legislative powers and the distinction between taxation on electricity generation and charges relating to water usage.
The ruling is significant for the hydropower sector and the constitutional distribution of legislative powers between the Union and States.
Important for JKSSB and JKPSC :
Relevant constitutional provision: Seventh Schedule.
Entry 53: Taxes on consumption or sale of electricity.
The Seventh Schedule distributes legislative subjects between the Union, State and Concurrent Lists.
4. Science and Technology
ISRO’s NVS-03 Satellite Completes First Orbit-Raising Manoeuvre
The Indian Space Research Organisation (ISRO) achieved another milestone as its NVS-03 navigation satellite successfully completed its first orbit-raising manoeuvre on October 31, 2026.
The satellite was launched aboard the GSLV-F18 rocket from the Satish Dhawan Space Centre, Sriharikota.
NVS-03 is part of India’s second-generation Navigation with Indian Constellation (NavIC) satellite system.
Important Facts :
Organisation: ISRO.
Satellite: NVS-03.
Mission: NavIC.
Launch vehicle: GSLV-F18.
Launch site: Sriharikota, Andhra Pradesh.
Target orbital position: 111.75° East.
NavIC: India’s Indigenous Navigation System
NavIC stands for Navigation with Indian Constellation. It is India’s independent regional satellite navigation system developed by ISRO.
It provides positioning, navigation and timing services over India and the surrounding region.
5. Defence Current Affairs
INS Trishul Visits Greece During Mediterranean Deployment
Indian Naval Ship INS Trishul arrived at Souda Bay in Greece on October 31, 2026, as part of its deployment to the Mediterranean Sea.
The visit aims to strengthen maritime cooperation between India and Greece through professional discussions, naval interactions and cultural exchanges.
Important Facts :
Ship: INS Trishul.
Destination: Souda Bay.
Country: Greece.
Navy: Indian Navy.
6. Economy and Banking Current Affairs
India’s Coal Imports Decline by 5.83% in August 2026
India’s coal imports registered a decline of 5.83% in August 2026 compared to the corresponding month of the previous year.
Coal imports declined from 111.05 million tonnes in August 2025 to 104.57 million tonnes in August 2026.
The decline indicates reduced dependence on imported coal and changes in domestic coal availability and consumption patterns.
Important Facts :
Coal imports in August 2026: 104.57 million tonnes.
Coal imports in August 2025: 111.05 million tonnes.
Percentage decline: 5.83%.
RBI Monetary Policy and Repo Rate
The Reserve Bank of India remains an important institution for India’s monetary policy and financial stability.
The repo rate is the rate at which the RBI lends short-term funds to commercial banks against eligible securities.
Important Banking Terms :
Repo Rate: Rate at which RBI lends money to banks.
Reverse Repo Rate: Rate associated with RBI borrowing funds from banks under the traditional reverse repo facility.
CRR: Cash Reserve Ratio.
SLR: Statutory Liquidity Ratio.
Monetary Policy Committee: The committee responsible for deciding the policy repo rate.
7. Government Schemes and Initiatives
Fisheries Projects Worth ₹375 Lakh Announced for Sikkim
Projects worth ₹375 lakh under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) are scheduled for inauguration in Sikkim.
The initiative aims to strengthen fisheries infrastructure, encourage fish production and improve the income of fish farmers.
The programme also includes initiatives related to organic fish farming and financial assistance for eligible beneficiaries.
Important Facts :
Scheme: Pradhan Mantri Matsya Sampada Yojana.
Sector: Fisheries and aquaculture.
State: Sikkim.
Announced project value: ₹375 lakh.
8. Important Days – 1 November
World Vegan Day
World Vegan Day is observed every year on November 1 to promote veganism and raise awareness about animal welfare, environmental protection and plant-based lifestyles.
The day also highlights the importance of sustainable food choices and reducing the environmental impact of food production.
Karnataka Rajyotsava
Karnataka Rajyotsava is celebrated on November 1 every year to commemorate the formation of Karnataka State in 1956.
The day is also known as Karnataka Formation Day.
Kerala Piravi
Kerala Piravi is celebrated on November 1 to mark the formation of Kerala State in 1956.
The day commemorates the unification of Malayalam-speaking regions into the state of Kerala.
9. Important One-Liner Current Affairs
1. Which organisation developed India’s NavIC navigation system?
Answer: ISRO.
2. What is the full form of BIMSTEC?
Answer: Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
3. Where is the headquarters of BIMSTEC located?
Answer: Dhaka, Bangladesh.
4. Which satellite completed its first orbit-raising manoeuvre on October 31, 2026?
Answer: NVS-03.
5. Which rocket launched the NVS-03 satellite?
Answer: GSLV-F18.
6. Which Indian naval ship visited Greece during its Mediterranean deployment?
Answer: INS Trishul.
7. When is Haryana Foundation Day celebrated?
Answer: November 1.
8. When was Chhattisgarh formed?
Answer: November 1, 2000.
9. When was Madhya Pradesh formed in its present state configuration?
Answer: November 1, 1956.
10. Which scheme focuses on the development of fisheries in India?
Answer: Pradhan Mantri Matsya Sampada Yojana.
11. Where is ISRO’s Satish Dhawan Space Centre located?
Answer: Sriharikota, Andhra Pradesh.
12. When is World Vegan Day observed?
Answer: November 1.