Wednesday
7 October 2026
14 updates for SSC, banking, railway and Andaman exams, each checked against an official source or two news reports.
- Updates
- 14
- Topics
- 4
- Exam facts
- 6
- Quiz questions
- 5
15 verified points from 6 and 7 October 2026: the RBI repo rate hike, the new Air Force chief, a Rs 10,000 crore SME fund, the 2026 Nobel prizes and the Swiss President’s India visit.
If you read only 5
- 1EconomyWorld Bank on India7.1 per cent
- 2InternationalIndia-EFTA trade deal100 billion
- 3EconomyRBI raises repo rate5.50 per cent
- 4NationalSME Growth FundRs 10,000 crore
- 5AwardsNobel Prize in Chemistry 2026Henri Kagan of France and Kenso Soai of Japan won the 2026 Nobel…
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Air Force chief
Air Marshal Ashutosh Dixit has been named the 29th Chief of the Air Staff and takes over from Air Chief Marshal Amar Preet Singh on 31 October 2026.
The Chief of the Air Staff heads the Indian Air Force.
Source: Business Standard, The Week
SME Growth Fund
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund that will make direct equity investments in small and medium enterprises.
Source: India TV, Free Press Journal
Transport authority
The Cabinet also set up the Integrated Transport and Logistics Authority, which will appraise central infrastructure projects costing Rs 500 crore or more.
Source: India TV, Free Press Journal
RBI raises repo rate
The RBI Monetary Policy Committee raised the repo rate by 25 basis points to 5.50 per cent on 7 October 2026 and changed its stance to calibrated tightening.
This is the first repo rate hike since February 2023.
Source: Business Today, Upstox
World Bank on India
The World Bank raised India’s growth forecast for 2026-27 (FY27) to 7.1 per cent, up from its earlier estimate of 6.6 per cent.
The World Bank is headquartered in Washington, D.C.
Source: The Tribune, Business Today
World Bank on South Asia
The World Bank now expects South Asia to grow 6.9 per cent in 2026.
Source: The Tribune, JK Ad World
Nobel Prize in Chemistry 2026
Henri Kagan of France and Kenso Soai of Japan won the 2026 Nobel Prize in Chemistry for discovering non-linear effects and autocatalysis in asymmetric organic synthesis.
Soai is 95 years old.
Nobel Prize in Physics 2026
Francis Halzen of the University of Wisconsin-Madison won the whole 2026 Nobel Prize in Physics for the IceCube Neutrino Observatory and the discovery of high-energy cosmic neutrinos.
IceCube is buried in the Antarctic ice at the South Pole.
Source: Royal Swedish Academy of Sciences, AIP
Nobel Prize in Medicine 2026
Karl Deisseroth, Peter Hegemann and Georg Nagel share the 2026 Nobel Prize in Physiology or Medicine for work on light-gated ion channels and optogenetics.
Source: Legacy IAS, JK Ad World
Swiss President in India
Swiss President Guy Parmelin is on his first state visit to India from 5 to 7 October 2026, at the invitation of Prime Minister Narendra Modi.
Source: The Tribune, NewKerala
India-Switzerland pacts
India and Switzerland signed five agreements on 5 October, including a Migration and Mobility Partnership and an exchange programme for young professionals.
Source: Newsy Today, Legacy IAS
India-EFTA trade deal
Modi said the India-EFTA trade agreement (TEPA) aims to bring 100 billion US dollars of investment and 10 lakh direct jobs over 15 years.
TEPA stands for Trade and Economic Partnership Agreement.
Source: NewKerala, Newsy Today
Harmanpreet Kaur
Harmanpreet Kaur stepped down as India women’s cricket captain in all three formats on 6 October 2026.
Source: Yahoo Sports, WomenCricket, India Sports Hub
India vs West Indies
India and West Indies began a five-match T20I series at the Ekana Stadium in Lucknow on 6 October 2026, with India fielding first.
Source: India.com, Yahoo Sports