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NEjobs Daily Brief
Monthly compilation

Current Affairs — October 2026

7 stories1 day4 topics5 min read
🧠 Monthly quiz (11)
7stories
1from the Northeast
4topics
11quiz questions
Economy 3Defence & Security 2Govt Schemes 1Science & Tech 1
Economy (3) Defence & Security (2) Govt Schemes (1) Science & Tech (1)

Economy3

EconomyNational01
31 Oct 2026

Union government releases ₹1,09,019 crore as tax devolution to states

The Union Government has released an additional tax devolution instalment of ₹1,09,019 crore to state governments. This funding aims to help states accelerate capital spending and finance development and welfare expenditure during the festive season.

₹1,09,019 croreTotal tax devolution released
₹3,552 croreTax devolution for Assam
₹19,208 croreTax devolution for Uttar Pradesh
  • The Union Government released ₹1,09,019 crore as an additional tax devolution instalment on 31 October 2026.
  • This is the second additional instalment of tax devolution released in the financial year.
  • Assam has been allocated ₹3,552 crore from this total tax devolution fund.
  • Uttar Pradesh received the highest allocation of ₹19,208 crore among all states.
📚 Background · static GK
  • Tax devolution refers to the distribution of net proceeds of union taxes between the Centre and states as recommended by the Finance Commission.
  • Article 270 of the Constitution of India provides for the levy and collection of taxes by the Union and their distribution between the Union and the States.
🎯 For exams: GS Paper: Indian economy — Centre-state financial relations and tax devolutionOfficial source ↗
EconomyNational02
31 Oct 2026

Government extends customs duty exemption on cotton imports till December 2026

The central government has extended the customs duty exemption on cotton imports until December 31, 2026. This decision helps the domestic textile sector secure raw materials at competitive prices and eases input cost pressures.

  • Government of India extended customs duty exemption on cotton imports until 31st December 2026.
  • The extension was notified by the Department of Revenue vide Notification No. 35/2026-Customs.
  • The previous exemption was valid until 31st October 2026, and the extension adds two months.
  • The measure aims to support MSMEs, domestic manufacturing, and competitive pricing for the textile industry.
📚 Background · static GK
  • The Ministry of Textiles is the central government ministry responsible for the formulation of policy, planning, development, export promotion, and regulation of the textile industry in India.
  • The Department of Revenue functions under the Ministry of Finance and deals with matters relating to all direct and indirect union taxes.
🎯 For exams: GS Paper: Indian economy and international trade — import policies and domestic industriesOfficial source ↗
EconomyNational03
31 Oct 2026

CCI approves acquisition of IntelliSmart Infrastructure by Adani Energy Solutions

The Competition Commission of India has approved the acquisition of 100% equity share capital of IntelliSmart Infrastructure Private Limited by Adani Energy Solutions Limited. The shares are being acquired from the National Investment and Infrastructure Fund and Energy Efficiency Services Limited.

100%equity share capital acquired
  • Adani Energy Solutions Limited is the acquirer belonging to the Adani Group.
  • IntelliSmart Infrastructure Private Limited is the target company involved in advanced metering.
  • Sellers include National Investment and Infrastructure Fund and Energy Efficiency Services Limited.
  • The proposed combination involves acquiring 100% equity share capital of the target.
📚 Background · static GK
  • The Competition Commission of India is a statutory body established under the Competition Act 2002.
  • National Investment and Infrastructure Fund is India's first sovereign wealth fund set up by the Government of India.
🎯 For exams: GS Paper: competition law and corporate acquisitions — CCIOfficial source ↗

Defence & Security2

Defence & SecurityNational01
31 Oct 2026

Inaugural BIMSTEC maritime security exercise begins

The inaugural BIMSTEC Maritime Security Exercise is being conducted from 30 October to 03 November 2026 to enhance operational linkages among member states. The exercise highlights regional security cooperation and the strategic role of the Andaman and Nicobar Command in the Bay of Bengal.

  • Conducted from 30 October to 03 November 2026
  • Involves member states Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand
  • Highlights the strategic importance of India's Andaman and Nicobar Command
  • Aims to enhance interoperability and maritime domain awareness in the Bay of Bengal
📚 Background · static GK
  • BIMSTEC was established in June 1997 through the Bangkok Declaration and is headquartered in Dhaka, Bangladesh.
  • The Andaman and Nicobar Command was established in October 2001 as India's first integrated tri-service command.
🎯 For exams: GS Paper: international relations and regional security groupings — BIMSTECOfficial source ↗
Defence & SecurityNational02
31 Oct 2026

Air Chief Marshal Ashutosh Dixit assumes charge as Chief of the Air Staff

Air Chief Marshal Ashutosh Dixit has assumed charge as the 29th Chief of the Air Staff, succeeding Air Chief Marshal AP Singh. He brings extensive experience in operations, flight testing, and capability development across a four-decade career.

29thChief of the Air Staff
3,500 hoursflying experience
42 yearsdistinguished service of predecessor
  • Assumed charge as the 29th Chief of the Air Staff on 31 October 2026
  • Succeeded Air Chief Marshal AP Singh, who superannuated after 42 years of service
  • Commissioned into the Fighter Stream of the Indian Air Force on 06 December 1986
  • Holds over 3,500 hours of flying experience across aircraft including Mirage-2000, MiG variants, Jaguar, and transport aircraft
📚 Background · static GK
  • The Indian Air Force was officially established on 8 October 1932.
  • The Chief of the Air Staff is headquartered at the Vayu Bhavan in New Delhi.
🎯 For exams: GS Paper: defence appointments and security forces in IndiaOfficial source ↗

Govt Schemes1

Govt Schemes📍 Mizoram01
SKARASNLMLMNTRMZ
Mizoram
31 Oct 2026

Mizoram gets PMGSY-IV approval for rural roads

The Ministry of Rural Development approved 45 new road works covering 509.54 km in Mizoram under PMGSY-IV for fiscal year 2026-27. These projects aim to provide all-weather road connectivity to 48 habitations, improving access to essential services and boosting socioeconomic development.

45road works approved
509.54 kmtotal road length
₹710.40 croreestimated cost
  • Ministry of Rural Development approved 45 road works spanning 509.54 km under PMGSY-IV Batch-1 for FY 2026-27.
  • Total estimated cost for the approved Mizoram road projects is ₹710.40 crore.
  • Projects will provide all-weather road connectivity to 48 habitations for the first time.
  • Previously, 367 road works spanning 4,935 km and 7 bridges worth ₹3,412 crore were sanctioned under PMGSY.
📚 Background · static GK
  • PMGSY stands for Pradhan Mantri Gram Sadak Yojana, a nationwide scheme launched to provide all-weather road connectivity to unconnected rural habitations.
  • The Ministry of Rural Development is the nodal ministry responsible for the implementation of the Pradhan Mantri Gram Sadak Yojana in India.
🎯 For exams: GS Paper: rural infrastructure and government schemesOfficial source ↗

Science & Tech1

Science & TechNational01
31 Oct 2026

ISRO successfully launches GSLV-F18 carrying NVS-03 mission

The Prime Minister congratulated ISRO scientists and engineers on the successful launch of the GSLV-F18 carrying the NVS-03 satellite. This mission represents a significant advancement in strengthening India's indigenous NavIC satellite navigation system and achieving technological self-reliance.

GSLV-F18launch vehicle
NVS-03satellite payload
  • ISRO successfully launched the GSLV-F18 carrying the NVS-03 satellite
  • The mission aims to strengthen India's indigenous satellite navigation system, NavIC
  • NVS-03 is equipped with enhanced capabilities to advance self-reliance in critical technologies
  • The launch supports improved navigation services for the benefit of citizens
📚 Background · static GK
  • ISRO was founded on August 15, 1969, and is headquartered in Bengaluru, Karnataka.
  • NavIC stands for Navigation with Indian Constellation, which is India's regional satellite navigation system.
🎯 For exams: GS Paper: achievements in science and technology and space technologyOfficial source ↗
🧠

Monthly revision quiz

11 questions from the stories above. Pick your answers, then check your score.

  1. Science & TechWhich launch vehicle was used to carry the NVS-03 satellite into space?

  2. EconomyWho are the sellers of the equity share capital in IntelliSmart Infrastructure as per the approved combination?

  3. Defence & SecurityWho succeeded Air Chief Marshal AP Singh as the Chief of the Air Staff?

  4. Govt SchemesWhat is the total estimated cost of the 45 road works approved for Mizoram under PMGSY-IV for FY 2026-27?

  5. Science & TechThe NVS-03 mission is designed to strengthen which indigenous system?

  6. Defence & SecurityWhich Indian military establishment is highlighted for its role in the maritime security exercise?

  7. EconomyHow much tax devolution amount was allocated to Assam from this Union Government release?

  8. Govt SchemesHow many habitations in Mizoram will receive all-weather road connectivity for the first time under the newly approved PMGSY-IV batch?

  9. EconomyWhat is the primary business activity of Adani Energy Solutions Limited?

  10. EconomyWhat was the total amount of additional tax devolution released by the Union Government on 31 October 2026?

  11. Defence & SecurityWhich organization is conducting its inaugural maritime security exercise from 30 October to 03 November 2026?

ℹ About these current affairs

Every story is written in our own words from official Government of India releases (Press Information Bureau, including its Guwahati, Shillong, Imphal, Aizawl, Agartala, Kohima, Itanagar and Gangtok offices) and from reports in leading newspapers of Assam, the Northeast, India and the world. Each story is checked before it is published and links to its official source or to the newspapers it draws on.

Pair them with the daily Assam GK quiz, the Assam GK guide and the exam calendar.