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DAILY EDITION

Daily Current Affairs 15 October 2026 with MCQs & Static GK

Here are today's top competitive exam current affairs updates for UPSC, SSC, Banking, Railways, and State PSC examinations.

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🇮🇳 National 📝 Practice MCQs (5)
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National Current Affairs

Cabinet Approves 60.72% Stake Sale in IDBI Bank to Fairfax for Rs. 52,878 Crore

  • The Cabinet Committee on Economic Affairs (CCEA) approved the strategic restructuring of IDBI Bank via a 60.72% equity sale to 10955230 Canada Inc. (a subsidiary of Fairfax Financial Holdings).
  • The Government of India (GoI) is selling 30.48% and Life Insurance Corporation (LIC) is selling 30.24%.
  • Post-deal, GoI will hold 15% and LIC will hold 19% (combined 34%). LIC will pare its stake to 15% within two years.
  • It stands as the largest foreign direct investment (FDI) transaction in India's financial sector.
STATIC GK BOOSTER: IDBI Bank & LIC
LIC Chairman: Siddhartha Mohanty
LIC Headquarters: Mumbai, Maharashtra
IDBI Bank MD & CEO: Rakesh Sharma
IDBI Bank Headquarters: Mumbai, Maharashtra

PM Modi Dedicates Five Major Development Projects Worth Rs. 3,350 Crore in Ladakh

  • Inaugurated a new passenger terminal building at Kushok Bakula Rimpochee Airport in Leh built at Rs. 640 crore.
  • Dedicated the 298-km Nimmu–Padum–Darcha road connecting Leh with Darcha in Himachal Pradesh through Zanskar Valley.
  • Inaugurated the 9 MW Hanu Hydroelectric Project and 40 water bodies under Project Him Sarovar.
  • Established India's first Petroglyph Conservation Park at Sindhu Ghat, Leh, to safeguard ancient rock art.
STATIC GK BOOSTER: Ladakh UT
Capital: Leh, Kargil
Lieutenant Governor: B. D. Mishra
Key High-Altitude Passes: Khardung La, Chang La, Zoji La

Lakshadweep Declared 100% Literate under ULLAS Scheme

  • Lakshadweep Administrator Praful Patel declared the Union Territory 100% literate under ULLAS (Nav Bharat Saaksharta Karyakram).
  • All 1,113 identified adult non-literates cleared the Foundational Literacy and Numeracy Assessment Test (FLNAT).
  • ULLAS is a Centrally Sponsored Scheme running from 2022–23 to 2026–27 targeting 5 crore non-literate individuals aged 15 and above.
STATIC GK BOOSTER: Lakshadweep UT
Capital: Kavaratti
Administrator: Praful Patel
Official Language: Malayalam, English (Mahi in Minicoy)

Wholesale Price Index (WPI) Inflation Rises to 11.39% in September 2026

  • WPI-based inflation jumped into double digits at 11.39% for September 2026, up from 9.92% in August.
  • The fuel and power segment registered the highest inflation rate at 25.85%.
  • The all-commodities Wholesale Price Index uses 2022-23 as its base year.
STATIC GK BOOSTER: Wholesale Price Index (WPI)
Base Year: 2022-23
Frequency: Monthly
Released By: Office of Economic Adviser, Ministry of Commerce and Industry

First ASEAN–India Defence Think Tank Forum Commences in New Delhi

  • The two-day inaugural ASEAN–India Defence Think Tank Forum opened in New Delhi on 14–15 October 2026.
  • The event follows agreements made during the ASEAN–India Defence Ministers' Informal Meeting in Kuala Lumpur.
  • The year 2026 is observed as the ASEAN–India Year of Maritime Cooperation.
STATIC GK BOOSTER: ASEAN (Association of Southeast Asian Nations)
Secretariat: Jakarta, Indonesia
Member States: 10 countries
Secretary-General: Kao Kim Hourn

Indian Navy to Commission Multi-Purpose Vessel 'INS Samarthak' at Karwar

  • The Indian Navy will commission INS Samarthak, the first of four Multi-Purpose Vessels (MPVs), at Karwar Naval Base.
  • Built indigenously by Larsen & Toubro (L&T) under the 'Make in India' initiative.
  • Designed for maritime surveillance, low-intensity operations, HADR missions, and hosting unmanned systems.
STATIC GK BOOSTER: Indian Navy
Navy Day: 4 December
Headquarters: New Delhi
Chief of the Naval Staff: Admiral Dinesh K. Tripathi

10th Anniversary of the Adoption of the Kigali Amendment to the Montreal Protocol

  • October 2026 marks 10 years since the adoption of the Kigali Amendment in 2016 in Kigali, Rwanda.
  • The amendment aims to phase down hydrofluorocarbons (HFCs) to reduce greenhouse gas emissions.
  • India ratified the amendment in 2021 and will phase down HFCs by 85% between 2032 and 2047.
STATIC GK BOOSTER: Montreal Protocol & Kigali Amendment
Targeted Substances: Hydrofluorocarbons (HFCs)
Kigali Amendment Adoption Date: 15 October 2016
Original Montreal Protocol Adopted: 16 September 1987

World Students' Day Observed on 15 October

  • Observed annually across India on 15 October to commemorate the birth anniversary of Dr A.P.J. Abdul Kalam.
  • Dr Kalam was born on 15 October 1931 in Rameswaram, Tamil Nadu, and served as the 11th President of India (2002–2007).
  • He is fondly remembered as the 'Missile Man of India' for his pivotal contributions to India's space and missile development programs.
STATIC GK BOOSTER: Dr A.P.J. Abdul Kalam
Autobiography: Wings of Fire
Bharat Ratna Awarded: 1997
11th President of India: 2002 to 2007
Interactive Practice Quiz

Today's Current Affairs Practice Quiz

Test your retention with instant feedback, official answer keys, and exam-oriented explanations.

Progress: 0 of 5 answered Live Score: 0
Q1.
What percentage of IDBI Bank's equity stake was approved for sale to Fairfax's subsidiary by the CCEA?
Q2.
India's first Petroglyph Conservation Park is being established at which location in Ladakh?
Q3.
Which Union Territory was recently declared 100% literate under the ULLAS – Nav Bharat Saaksharta Karyakram?
Q4.
The newly inaugurated 298-km strategic road connecting Nimmu in Leh passes through which valley to connect with Darcha in Himachal Pradesh?
Q5.
The Kigali Amendment, which completed 10 years on 15 October 2026, is aimed at phasing down which class of substances?