---
title: "Daily Current Affairs: 11 October 2026"
date_published: "2026-10-11"
date_modified: "2026-10-11T08:00:00+05:30"
language: "en-IN"
audience: "UPSC, SSC, banking and government exam aspirants"
content_type: "daily-current-affairs-briefing"
canonical_url: "https://www.dailyconnects.in/news/11_10_2026"
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content_url: "https://www.dailyconnects.in/news/11_10_2026.md"
---

# Daily Current Affairs: 11 October 2026

Daily current affairs for 11 October 2026 with exam-focused key facts, connected news context, and revision notes for UPSC, SSC, banking and government exams.

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## Editorial Note

Last updated: 11 October 2026. This briefing is structured for current affairs revision, with key updates and related coverage links to help readers connect recurring topics across days.

## Top Current Affairs To Revise Today

- Japan Emerges as Top FDI Source for India With $5.71 Billion Investment in Q1 FY27
- India releases draft steel policy targeting 604 million tonnes capacity by 2047
- IBBI analysis finds companies resolved under IBC retained about 85% of their workforce
- Reserve Bank of India Survey Projects Positive Services Demand for Q3FY27 Amid Margin Concerns
- Great Lakes Institute study finds nearly a quarter of India’s workforce highly exposed to AI
- Amrit Bharat Station Scheme (ABSS): Tamil Nadu's redeveloped railway stations reach 26 as PM Modi inaugurates five more

## Japan Emerges as Top FDI Source for India With $5.71 Billion Investment in Q1 FY27

### Key Updates

- Japan became the largest source of foreign direct investment (FDI) into India in April-June of FY 2026-27, with inflows of $5.71 billion, surpassing the $3.74 billion received during the entire FY 2025-26.
- Japanese inflows accounted for nearly 29% of India's total equity inflows of $19.81 billion in the quarter.
- Singapore was the second largest investor with $5.22 billion, followed by Mauritius ($2.4 billion), the Netherlands ($1.38 billion) and the US ($1.35 billion).
- Japan has committed to invest 10 trillion yen (about Rs 7 lakh crore) in India over a decade, with Japanese firms having already invested Rs 1 lakh crore, as stated by Commerce and Industry Minister Piyush Goyal in Nagoya.
- In April, Japan's MUFG Bank acquired a 20% stake in Shriram Finance Ltd for Rs 39,618 crore (about $4.4 billion), the largest cross-border investment in India's financial services sector.
- India has 12 Japanese industrial townships (JITs) across nine states offering Japan-specific infrastructure and facilitation through Japan Plus and JETRO.

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- [FASTag Annual Pass Surpasses One Crore Subscribers Within 13 Months Of Launch](https://www.dailyconnects.in/current-affairs/2026/09/fastag-annual-pass-surpasses-one-crore-subscribers-within-13-months-of-launch)
- [EY-IESA Report Projects India Semiconductor Market to Touch $200 Billion by 2035](https://www.dailyconnects.in/current-affairs/2026/09/ey-iesa-report-projects-india-semiconductor-market-to-touch-200-billion-by-2035)
- [India's gross FDI reaches $30.66 billion in Q1 FY27, strongest quarter in 15 years](https://www.dailyconnects.in/current-affairs/2026/10/india-s-gross-fdi-reaches-30-66-billion-in-q1-fy27-strongest-quarter-in-15-years)
- [India and Japan Release Operational Manual for Joint Crediting Mechanism in New Delhi](https://www.dailyconnects.in/current-affairs/2026/10/india-and-japan-release-operational-manual-for-joint-crediting-mechanism-in-new)

## India releases draft steel policy targeting 604 million tonnes capacity by 2047

### Key Updates

- India released a draft steel policy for public consultation targeting 604 million metric tonnes of steel capacity by 2047, up from around 220 million tonnes at present.
- The policy aims to cut the sector's average carbon-emission intensity to around 1.54 tonnes of carbon dioxide per tonne of crude steel by 2047 from the current 2.54 tonnes, in line with India's net zero emission goal for 2070.
- The steel ministry expects iron ore demand at 772 million tonnes and plans to secure access to high-grade reserves by pursuing foreign assets and joint ventures.
- The ministry expects coking coal demand to reach 236 million tonnes, with sourcing to be diversified via strategic global outreach and acquisition of overseas assets.

### Related Current Affairs Coverage

- [NMDC Commissions ₹5,427-Crore Integrated Iron Ore Project in Chhattisgarh](https://www.dailyconnects.in/current-affairs/2026/09/nmdc-commissions-5-427-crore-integrated-iron-ore-project-in-chhattisgarh)
- [G20 Trade Ministers create sectoral platforms to tackle excess capacity in autos, semiconductors and other key industries](https://www.dailyconnects.in/current-affairs/2026/10/g20-trade-ministers-create-sectoral-platforms-to-tackle-excess-capacity-in-autos)
- [India’s Steel Consumption Rises 7.9% in April-July 2026](https://www.dailyconnects.in/current-affairs/2026/08/india-s-steel-consumption-rises-7-9-in-april-july-2026)
- [India's Ministry of Steel Decides to Set Up Steel Industry Safety Council as Apex Safety Body](https://www.dailyconnects.in/current-affairs/2026/10/india-s-ministry-of-steel-decides-to-set-up-steel-industry-safety-council-as-ape)

## IBBI analysis finds companies resolved under IBC retained about 85% of their workforce

### Key Updates

- An analysis by the Insolvency and Bankruptcy Board of India (IBBI) found that companies undergoing insolvency proceedings retained about 85% of their workforce, with combined workforce falling from around 96,200 employees and workmen at the start of proceedings to around 82,100 at their close across about 300 companies including MSMEs.
- 12-15% of the companies in the sample increased their workforce during the resolution process, with the pattern of steady or slightly reduced employee numbers common in manufacturing, textiles and infrastructure sectors.
- The National Company Law Tribunal (NCLT) approved a record 107 resolution plans in the September 2026 quarter, taking approvals in the first half of FY27 to 185, about 82% of the 225 plans approved in the whole of FY26.
- Since the IBC came into force, 9,166 corporate insolvency resolution processes (CIRPs) had been admitted as on June 2026, of which 1,484 resulted in approved resolution plans, 1,865 were ongoing and 3,074 were referred for liquidation.
- Creditors had recovered around Rs 4.35 lakh crore through approved resolution plans by June 2026, amounting to 30.52% of their admitted claims.

### Related Current Affairs Coverage

- [NCLT clears record 107 resolution plans worth over Rs 11,000 crore in Q2 FY 2026-27](https://www.dailyconnects.in/current-affairs/2026/10/nclt-clears-record-107-resolution-plans-worth-over-rs-11-000-crore-in-q2-fy-2026)
- [Henley Passport Index: India Dropped to 81st Spot, Singapore Retained Top Position](https://www.dailyconnects.in/current-affairs/2026/07/henley-passport-index-india-dropped-to-81st-spot-singapore-retained-top-position)
- [Ayush Services Sector Report Shows Women Form 43% of Workforce With Over 50% Share in Key Organised Segments](https://www.dailyconnects.in/current-affairs/2026/10/ayush-services-sector-report-shows-women-form-43-of-workforce-with-over-50-share)

## Reserve Bank of India Survey Projects Positive Services Demand for Q3FY27 Amid Margin Concerns

### Key Updates

- The Reserve Bank of India's (RBI) latest Services and Infrastructure Outlook Survey projects a positive demand outlook for India's services sector in Q3FY27, though optimism moderated compared with the previous quarter.
- During Q2FY27, services sector companies reported improvement in overall business conditions, turnover and full-time employment.
- Services firms reported increased cost pressures with some rise in selling prices, while profit margin sentiment remained subdued.
- Firms expect cost pressures to ease moderately in Q3FY27 but expressed lower optimism about selling prices and profit margins.
- The RBI survey indicated services firms had the capacity to deliver 8.7 per cent more services during Q1FY27 using existing resources.
- Infrastructure firms remained optimistic about overall business conditions, employment and turnover during Q2FY27 and expect continued optimism through Q4FY27 and Q1FY28, with expectations of rising input costs and selling prices.

### Related Current Affairs Coverage

- [MoSPI releases Index of Services Production (ISP) for June 2026; 18 sub-sectors record positive growth.](https://www.dailyconnects.in/current-affairs/2026/09/mospi-releases-index-of-services-production-isp-for-june-2026-18-sub-sectors-rec)
- [World Economic Forum Survey Ranks India as Strongest Global Growth Outlook](https://www.dailyconnects.in/current-affairs/2026/09/world-economic-forum-survey-ranks-india-as-strongest-global-growth-outlook)
- [Reserve Bank of India (RBI) publishes results of eight forward-looking surveys for September 2026 and Q1/Q2 2026-27](https://www.dailyconnects.in/current-affairs/2026/10/reserve-bank-of-india-rbi-publishes-results-of-eight-forward-looking-surveys-for)
- [Reserve Bank of India data shows NBFC credit growth at 15.8% in August 2026 with retail loans up 22%](https://www.dailyconnects.in/current-affairs/2026/10/reserve-bank-of-india-data-shows-nbfc-credit-growth-at-15-8-in-august-2026-with)

## Great Lakes Institute study finds nearly a quarter of India’s workforce highly exposed to AI

### Key Updates

- A report by the Centre for Finance and Economic Research, Great Lakes Institute of Management, based on Periodic Labour Force Survey (PLFS) data, finds nearly a quarter of India’s labour force is engaged in work highly exposed to AI.
- About 7.6% of the workforce is expected to see increased productivity from AI, while 11.4% may face substitution risk.
- Agriculture and skilled trades, together accounting for 54.4% of India’s workforce, face relatively low substitution risk from AI or conventional automation.
- The report was authored by Vidya Mahambare, Vivek Jadhav, and Vishnu Venugopalan, and was unveiled by Chief Economic Advisor V Anantha Nageswaran.
- The share of workers in occupations with higher substitution risk is 39.4% in the 15–24 age group, which has a high-routine to complementary job ratio of 7.6 to 1 versus roughly 4 to 1 for older cohorts.
- Maharashtra, Haryana, Kerala and Tamil Nadu have the highest shares of workers in AI-complementary occupations.
- Employment in high-routine occupations susceptible to conventional automation has risen by 4.8 percentage points since 2012, per the CEA’s foreword.

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## Amrit Bharat Station Scheme (ABSS): Tamil Nadu's redeveloped railway stations reach 26 as PM Modi inaugurates five more

### Key Updates

- Prime Minister Narendra Modi on Sunday (October 11, 2026) inaugurated five redeveloped railway stations in Tamil Nadu — Ambasamudram, Palani, Namakkal, Paramakkudi and Vellore Cantonment — taking the state's total redeveloped stations to 26 out of 77 under the Amrit Bharat Station Scheme (ABSS).
- The Amrit Bharat Station Scheme was launched in 2022 for development and upgradation of stations across the Indian Railways network, with a long-term vision of master plans, multimodal connectivity and better passenger accessibility.
- All five newly inaugurated stations fall under the Southern Railway zone and have been upgraded with facilities for passengers with disabilities, including ramps, lifts and accessible toilets.
- Palani railway station in Dindigul district, a gateway to the Arulmigu Dhandayuthapani Swamy Temple, was redeveloped at a cost of around Rs 20 crore.
- 51 more Tamil Nadu stations, including Chennai Egmore, Coimbatore Junction, Madurai Junction and Tambaram, are planned for redevelopment under the scheme.
- Ambasamudram station serves Tirunelveli district and is the nearest railway station to Papanasam, located about 5 km away.
- Namakkal railway station is located on the Salem–Karur section and serves Namakkal district.
- Paramakkudi railway station serves Ramanathapuram district and is an important rail link for pilgrims and tourists travelling to Rameswaram.
- Vellore Cantonment railway station is located in the heart of Vellore city on the Katpadi–Villupuram railway section.

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## Maharashtra CM Devendra Fadnavis Inaugurates Mukhyamantri Samruddha Panchayat Raj Abhiyan 2.0 in Nashik with Focus on Water Conservation

### Key Updates

- Maharashtra Chief Minister Devendra Fadnavis launched the second phase of the Mukhyamantri Samruddha Panchayat Raj Abhiyan 2.0 in Nashik, calling for collective efforts toward sustainable rural development with focus on water conservation and drought prevention.
- The first phase saw participation of 5,644 gram panchayats, issuance of 69.13 lakh Ayushman cards, and completion of 2,706 kilometres of roads, along with progress in housing, sanitation and water-recharge projects.
- Nashik, Pune and Sangli topped the Zilla Parishad category, while Adachiwadi village in Pune district secured first place among Gram Panchayats for performance in 2025-26.
- Fadnavis stressed desilting village ponds, repairing check dams and promoting rainwater harvesting, with drinking water as top priority, and assured state funding for water conservation projects and support for fodder availability and weather-affected farmers.

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## FSSAI certifies Ayodhya's Shri Ram Janmbhoomi Teerth Kshetra as 'Eat Right Place of Worship'

### Key Updates

- The Food Safety and Standards Authority of India (FSSAI) certified Shri Ram Janmbhoomi Teerth Kshetra, Ayodhya, as an 'Eat Right Place of Worship' for maintaining food safety and hygiene standards.
- The certificate is valid for two years, from October 11, 2026 to October 10, 2028, and was handed over by FSSAI CEO Rajit Punhani at a ceremony in Ayodhya on Saturday.
- The 'Eat Right Places of Worship' initiative aims to prevent malpractices in food served as Prasad/langar and ensure compliance with the Food Safety and Standards Act, 2006.
- Certification involves a pre-audit of a checklist, followed by training and a final audit by third-party agencies.
- The new Ram Lalla idol was consecrated at the Ayodhya temple on January 22, 2024, in an event led by Prime Minister Narendra Modi.

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## INS Sahyadri Reaches Vladivostok to Join India-Russia Naval Exercise INDRA 2026

### Key Updates

- Indian Naval Ship Sahyadri arrived at Vladivostok, Russia, on 10 October 2026 to take part in Exercise INDRA 2026, a bilateral naval exercise between the Indian Navy and the Russian Federation Navy (RuFN) scheduled from 13 to 18 October 2026.
- Exercise INDRA 2026 will feature a harbour phase followed by coordinated operational activities at sea, including professional interactions and maritime evolutions to enhance mutual understanding, operational coordination and interoperability.
- The deployment aligns with the Government of India's MAHASAGAR vision (Mutual and Holistic Advancement for Security and Growth Across Regions) and carries forward the momentum of the 23rd India-Russia Annual Summit held on 04-05 December 2025.
- Alongside operational engagements, social and cultural interactions during the exercise will foster camaraderie and people-to-people connections between personnel of the two navies.

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## Indian Navy Frigate INS Trishul Reaches Plymouth, United Kingdom for Bilateral Exercise KONKAN-26 with Royal Navy

### Key Updates

- Indian Navy's guided missile stealth frigate INS Trishul arrived at Plymouth, United Kingdom, to participate in Exercise KONKAN-26 with the Royal Navy.
- KONKAN-26 is the India-UK annual bilateral maritime exercise, conducted off Plymouth in two phases from 08-15 October 2026.
- The Harbour Phase includes professional interactions, cross-deck visits, sports fixtures, cultural engagements and the ship being open to visitors, while the Sea Phase covers drills across air, surface and sub-surface domains.
- The Sea Phase features cross-deck landings, firing serials, air defence exercises, complex seamanship evolutions and anti-submarine exercises.
- Over the past two decades, KONKAN has grown in scale and complexity, enhancing interoperability between the two Navies and exemplifying the Comprehensive Strategic Partnership under the India-UK Vision 2035.

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## India's first private-sector micro-missile JWALA readies for maiden experimental trial after successful rocket motor tests

### Key Updates

- JWALA, India's first indigenously developed private-sector micro-missile designed and developed by IG Defence, is set for its maiden experimental trial following successful test-firing of two solid rocket motors.
- JWALA is a short-range surface-to-air weapon system with a strike range of 2 to 5 km and an engagement envelope from 50 metres to 5,000 metres, developed as a low-cost hard-kill Counter-UAS interceptor against hostile drones.
- The missile uses a dual-pulse solid rocket motor with fin control, carries a 0.5-1.5 kg pre-fragmented high-explosive warhead with proximity fuze, and has a circular error probability of less than two metres at maximum range.
- JWALA has a reaction time of less than seven seconds from target detection to missile launch, aiding responses against low-flying, fast-moving drone targets.
- The missile is part of IG Defence's GRID defend ecosystem, an AI-enabled battle-management network linking sensors, command systems and effectors, with JWALA serving as the hard-kill effector.
- IG Defence also demonstrated its T-SHUL BEAM soft-kill counter-UAS system, which uses electronic countermeasures and operates through the GRID architecture, at the Indian Air Force's Dronathon 2026 exercise in Pokhran.

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- [India’s Private Space Investment Crosses $618 Million](https://www.dailyconnects.in/current-affairs/2026/07/india-s-private-space-investment-crosses-618-million)
- [Indian firm IG Defence test-fires solid rocket motors for JWALA counter-drone micro-missile](https://www.dailyconnects.in/current-affairs/2026/10/indian-firm-ig-defence-test-fires-solid-rocket-motors-for-jwala-counter-drone-mi)

## Indo-French TRISHNA satellite in realisation stage, launch planned within 12-16 months

### Key Updates

- The Indo-French satellite TRISHNA (Thermal Infra-Red Imaging Satellite for High-resolution Natural Resource Assessment) is in the realisation stage and will be launched in the next 12-16 months, said Jasvinder Singh Khoral, Director (Projects), U.R. Rao Satellite Centre (URSC), on October 11, 2026.
- TRISHNA is the third satellite jointly developed by India and France after Megha-Tropiques and SARAL (Satellite with ARGOS and ALTIKA).
- The mission, a collaboration between ISRO and France's space agency CNES, aims at better management of water resources through visible, shortwave and thermal infrared Earth observation, and will be launched by the Polar Satellite Launch Vehicle.
- TRISHNA will carry two primary payloads: the Thermal Infra-Red (TIR) payload developed by CNES and the Visible-Near Infra-Red Short Wave Infra-Red (VNIR-SWIR) payload developed by ISRO, with data to be processed jointly in France and India under an open data policy.
- The satellite is designed to deliver high spatial and high temporal resolution monitoring of the Earth's surface temperature, emissivity, and biophysical and radiation variables for surface energy budgeting at regional to global scale.

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## Anmol Kharb Claims Women's Singles Crown at Türkiye International Challenge Badminton

### Key Updates

- India's Anmol Kharb won the Women's Singles title at the Türkiye International Challenge badminton tournament.
- In the final, Anmol Kharb defeated fellow Indian Aakarshi Kashyap 21-11, 21-14 in straight games.
- This was Anmol Kharb's third international senior title.
- In the Men's Doubles final, India's Suraj Goala and Nicholas Raj finished runners-up, losing to Denmark's William Kryger Boe and Rasmus Espersen 14-21, 19-21.

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## Prime Minister Narendra Modi launches development projects worth over Rs 13,000 crore in Tamil Nadu

### Key Updates

- Prime Minister Narendra Modi on October 11, 2026 inaugurated and laid foundation stones for development projects worth over Rs 13,000 crore across Tamil Nadu.
- Modi inaugurated the Poonamallee-Vadapalani stretch of Chennai Metro Phase II, built at a cost of around Rs 4,900 crore, which features a 3.7-km double-decker structure and advanced signalling systems designed to support driverless operations.
- Modi dedicated to the nation the Sudha Gopalakrishnan Brain Centre at IIT Madras and launched its global scientific mission to map more than 100 human brains into three-dimensional atlases at cellular resolution across the human lifespan.
- Modi laid the foundation stone for and inaugurated National Highway projects worth around Rs 3,700 crore in Tamil Nadu.
- Modi said the Centre increased India's metro network from 250 kilometres in 2014 to 1,100 km now, reaching 25 cities.
- Tamil Nadu Chief Minister C Joseph Vijay sought the Centre's approval for Chennai Metro Phase III, high-speed railway corridors between Chennai-Coimbatore and Chennai-Kanyakumari, the Godavari-Cauvery river-linking project, and funds under the Samagra Shiksha scheme.

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## ACLED data shows India recorded the world's largest share of demonstrations for five consecutive years

### Key Updates

- India accounted for the largest share of demonstrations worldwide for five consecutive years, according to the Armed Conflict Location & Event Data Project (ACLED), a US-based nonprofit.
- India recorded 18,074 demonstrations in 2026 through September, accounting for 17.5 per cent of the global total.
- Demonstrations in India peaked at 22,130 in 2024, the year of the general election, before easing to 20,606 in 2025.
- India's share of global demonstrations rose from 10.6 per cent in 2020 to 16.4 per cent in 2024, while the US share fell from 16.2 per cent in 2020 to 7.8 per cent in 2024 before rising to 11.2 per cent in 2026.
- Pakistan ranked behind the US in the global comparison, after India.
- ACLED defines demonstrations as public gatherings to express views, grievances or demands, including protests, rallies and marches, even violent ones, but excluding mob violence.
- The Bureau of Police Research and Development (BPR&D) recorded 115,837 agitations in 2016, the highest in its series dating back to at least 2004, but later stopped publishing the figures and removed the agitations chapter from its Data on Police Organisations reports.
- RTI responses showed BPR&D stated that no information is available on agitation data from 2017 onward or the reasons for discontinuing the series.
- Following the Gen Z protests in Nepal, Union Home Minister Amit Shah directed the BPR&D to study protests in India since Independence, with emphasis on movements after 1974, and draft a national standard operating procedure to manage mass agitations.

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## Andhra Pradesh Deputy CM Pawan Kalyan Inaugurates Adavi Thalli Baata 2.0 Tribal Road Scheme

### Key Updates

- Andhra Pradesh Deputy Chief Minister K. Pawan Kalyan launched 'Adavi Thalli Baata 2.0' on October 11, 2026, to lay 1,976 km of roads connecting 1,341 tribal habitations across the State at a cost of ₹2,052 crore.
- The roads, including 45 bridges, are to be commissioned by March 2027, with at least 735 villages covered in the first phase.
- Pawan Kalyan laid the foundation stone for a 3.4-km road at Kakavada village in Rampachodavaram Mandal, Polavaram district, giving road access to 1,400 tribal families across four villages.
- Alongside the launch, 38 varieties of farm implements are being distributed to 34,000 tribal farmers at a 90% subsidy, with ₹68 crore being spent on the initiative.
- As many as 135 cellphone towers are being commissioned and 48 optical fibre cable routes are awaiting Forest Department permission to improve connectivity in tribal areas.
- Pawan Kalyan sanctioned welfare works worth ₹5 crore at Rakota village, including renovation of schools and medical and health facilities.

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