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Daily Current Affairs (DCA) 10 July, 2026

26 items · 6 min read · NABARD · RBI · SEBI

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In the news1

Why in News?

The Department of School Education & Literacy (DoSEL), Ministry of Education (MoE) released the Performance Grading Index 2.0 for States/UTs (PGI-S) and Performance Grading Index for Districts (PGI-D) reports for 2025-26. No State or Union Territory achieved the highest performance grade (Utkarsh).

What is Performance Grading Index (PGI) 2.0?

  • Launched: 2018 (covering data for 2017-18).
  • Developed by: Department of School Education & Literacy (DoSEL), Ministry of Education.
  • Purpose: Measures the performance of school education across States, UTs and Districts.
  • Approach: Uses performance grades instead of rankings to encourage improvement rather than competition.
Types of PGI
IndexCoverageMaximum Score
PGI-SStates & Union Territories1000
PGI-DDistricts600
PGI-S Framework (States & UTs)
  • Total Indicators: 70
  • Total Score: 1000
  • Major Categories: 2
CategoryCovers
OutcomesLearning, access, infrastructure and equity
Governance & ManagementGovernance processes and teacher education
Six Domains
  • Learning Outcomes & Quality
  • Access Outcomes
  • Infrastructure & Facilities
  • Educational Equity
  • Governance Processes
  • Teacher Education & Training
PGI-D Framework (Districts)
  • Coverage: 784 districts
  • Total Indicators: 70
  • Total Score: 600
Six Domains
  • Outcomes
  • Effective Classroom Transaction
  • Infrastructure Facilities & Student Entitlements
  • School Safety & Child Protection
  • Digital Learning
  • Governance Process
Performance Grades
GradeScore Range
UtkarshAbove 90%
Uttam61–90%
Prachesta31–60%
AkanshiBelow 40%

Exam Point: No State/UT secured the Utkarsh grade in 2025-26.

Banking/Finance2

How & Why Farmers Producers Organization are formed? FPO #fpo #upsc #nabardgradea #agriculturenotesTap to play · from the C4S channel

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Why in News?

The International Monetary Fund (IMF) released the World Economic Outlook (WEO) Update – July 2026, titled “Global Economy in Crosscurrents of War and Technology”. The report projects India’s GDP growth at 6.4% in FY27.

India-Specific Highlights
IndicatorDetails
FY27 GDP Growth Forecast6.4%
April 2026 Forecast6.5%
FY28 GDP Growth Forecast6.7%
India’s GDP Growth (FY26)7.7%

Exam Point: India’s FY27 growth forecast was revised down from 6.5% to 6.4%, while the FY28 forecast was raised to 6.7%.

Global Economic Outlook
Indicator20262027
Global GDP Growth3.0%3.4%
World Trade Growth3.5%4.3%
Global Headline Inflation4.7%3.9%

Additional Fact: World trade growth is expected to slow from 5.0% (2025) to 3.5% (2026) before recovering.

About World Economic Outlook (WEO)
  • Published by: International Monetary Fund (IMF)
  • Frequency: Twice a year (April & October), with periodic updates.
  • Purpose: Provides forecasts for global economic growth, inflation, trade and major macroeconomic indicators.
About IMF
FeatureDetails
Full FormInternational Monetary Fund
Established1944 (Bretton Woods Conference)
HeadquartersWashington, D.C., USA
Member Countries191
Managing DirectorKristalina Georgieva
Key Terms
TermMeaning
GDPTotal value of goods and services produced in a country during a year.
FY27Financial Year 2026–27 (1 April 2026 – 31 March 2027).
Headline InflationOverall inflation based on the Consumer Price Index (CPI), including food and fuel.
World Trade VolumeTotal volume of international trade in goods and services.

Why in News?

In July 2026, the Asian Development Bank (ADB) released the ADB India Economic Outlook 2026. ADB revised India’s GDP growth forecast for FY2026-27 (FY27) downward to 6.6% from 6.9% (April 2026 forecast), mainly due to high energy prices impacting household consumption.

India-Specific Highlights
  • FY27 GDP Growth: 6.6% (Earlier: 6.9%)
  • FY28 GDP Growth: 7.3% (Unchanged)
  • Reason for FY27 downgrade: Rising energy prices reducing household purchasing power.
  • FY28 outlook: Supported by policy measures, stronger exports, and improving global economic conditions.
India’s Inflation Forecast
Financial YearInflation Forecast
FY275.2% (Earlier: 4.5%)
FY284.0% (Unchanged)

FY28 Forecasts

  • India: 7.3% (Unchanged)
  • Developing Asia-Pacific: 5.1% (Unchanged)
Reasons for India’s Growth Downgrade
  • Rising energy prices.
  • Pressure on household incomes and consumption.
  • Higher inflation.
  • Global economic uncertainties.
About Asian Development Bank (ADB)
FeatureDetails
Established1966
HeadquartersManila, Philippines
Members69 (49 regional, 20 non-regional)
India Joined1966 (Founding Member)
PresidentMasato Kanda
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Facts To Remember23

4

DEFENCE & SECURITY

5

DRDO Pinaka Long-Range Guided Rocket Test

  • DRDO test-fired the Pinaka Long-Range Guided Rocket (LRGR) at ITR Chandipur, Odisha.
  • Validated user-specified minimum range of 60 km; hit target with precision.
  • Fired from a Pinaka MBRL launcher — can fire multiple variants from a single launcher.
  • Developed by ARDE, Pune with HEMRL, DRDL & RCI (Hyderabad).
6

Drishti-10 Starliner UAV Crash

  • Indian Navy’s Drishti-10 UAV crashed near Porbandar (Gujarat) on 8 July 2026; no casualties; Board of Inquiry ordered.
  • Operated by INAS 343 “Frontier Formidables” (commissioned Jan 2024, Porbandar).
  • Second Hermes-900 platform loss in 18 months (first: Jan 2025, ditched in Arabian Sea).
  • Indian version of Israel’s Hermes-900 MALE UAV (Elbit Systems); made by Adani Defence at Hyderabad, Telangana.
  • Specs: endurance 36 hours, payload ~450 kg, cost ~₹140 crore/unit.
7

Adani Defence Missile Complex in MP

  • ₹2,500 crore investment at Shivpuri, MP — South Asia’s largest private missile ecosystem.
  • Foundation stone laid by MP CM Mohan Yadav and Union Minister Jyotiraditya Scindia.
  • India’s first private complex integrating composite propellants, TNT manufacturing and missile system integration at one site.
8

MISCELLANEOUS & MAPPING

9

The Hummus Trail

  • Term for Indian tourist enclaves frequented by young Israeli tourists post-military service.
  • Came into focus after the Hind Rajab Foundation sought action against an Israeli tourist in Himachal Pradesh.
  • ~80,000 Israelis visit India annually; extended trip called “Tiul Gadol” (6-12 months).
  • Israel allocated 4 million NIS in 2026 for India-Israel tourism cooperation.
10

Kamarajar Port Achieves 18-Metre Draft

  • Kamarajar Port Ltd (KPL) completed Capital Dredging Phase VI.
  • India’s 2nd major port (after Visakhapatnam) to achieve 18 m draft — can handle Cape-size vessels.
  • Formerly Ennore Port Ltd; India’s first corporatized Major Port; operates on Landlord Port Model.
  • On Coromandel Coast, ~24 km north of Chennai (TN).
  • Declared India’s 12th Major Port under Indian Ports Act, 1908 in March 1999; commercial ops began 1 Feb 2001.
11

STATE POLICIES

12

Gujarat Data Centre Policy (2026-29)

  • Gujarat’s first-ever Data Centre Policy, unveiled by CM Bhupendra Patel in Gandhinagar.
  • Target: ₹6 lakh crore investment and 7.5 GW data centre capacity.
  • Focus: hyperscale data centres, cloud computing, AI infrastructure.
13

INTERNATIONAL AFFAIRS

14

13th ASEAN-India AITIGA Joint Committee Meeting

  • Hosted by India at Vanijya Bhawan, New Delhi (6-10 July 2026, hybrid format).
  • Co-chaired by Nitin Kumar Yadav (India) & Mastura Ahmad Mustafa (Malaysia).
  • All 10 ASEAN members participated.
  • AITIGA: signed 13 Aug 2009, in force 1 Jan 2010; goods pillar of AIFTA (services/investment pillars in force July 2015).
  • India-ASEAN trade: US$128 billion in 2025-26; ASEAN = ~11% of India’s global trade.
  • Trade deficit widened from US$7.5 bn (inception) to ~US$44 bn (2023).
15

PM Modi's Visit to Indonesia (6-8 July 2026)

  • 3-day state visit at invitation of President Prabowo Subianto.
  • Modi became 1st Indian PM to address the Indonesian Parliament (DPR — Dewan Perwakilan Rakyat).
  • Unveiled the “Ganga-Mahakam Vision”; visited the Prambanan Temple (UNESCO WHS, Yogyakarta) — restoration led by ASI.
  • Conferred with “Bintang Adipurna of the Republic of Indonesia” — Indonesia’s highest civilian honour.
  • Visit outcomes: 20 total — 14 MoUs + 6 announcements.
16

CSIR's Manas and Mahabharata Centre in Kyrgyzstan

  • Centre for Studies of International Relations (CSIR), New Delhi + Manas National Academy established the International Centre for Civilizational Studies ‘Manas and Mahabharata’ in Bishkek, Kyrgyzstan.
  • First Hindi translation of the Kyrgyz epic ‘Manas’ released, by Hem Chandra Pande & Ramakant Dwivedi.
  • Trilateral agreement signed with 7 Kyrgyz universities.
17

SCIENCE & TECHNOLOGY

18

CSIR-IICT's Indigenous Green Refrigerant Technology

  • CSIR-IICT, Hyderabad developed India’s first indigenous process for Hydrofluoroolefin-1234yf (HFO-1234yf).
  • Will replace HFCs in refrigeration and AC systems (supports Atmanirbhar Bharat).
  • Bonus: CSIR-CIMFR (Dhanbad) developed Smart Algal Liquid Tree (SALT) — a mobile photobioreactor using microalgae to absorb CO₂. Installed at CSIR-CIMFR and NCL, Singrauli (MP).
19

ISRO's Gaganyaan IMAT-05 Parachute Test

  • ISRO conducted Integrated Main Parachute Airdrop Test-05 (IMAT-05) on 7 July 2026 at ADRDE drop zone, Sheopur, MP.
  • Payload dropped from 2.5 km altitude via an IAF IL-76 aircraft.
  • Validated Main Parachute System for uncrewed Gaganyaan G1 mission.
  • Gaganyaan Crew Module uses 10 parachutes of 4 types (Apex Cover Separation, Drogue, Pilot, Main).
  • ISRO: est. 15 Aug 1969; HQ Bengaluru; Chairman V. Narayanan.
20

ACQUISITIONS & MERGERS

21

Aviva Becomes First Foreign Insurer to Fully Own Indian Life Insurance Business

  • UK’s Aviva Plc to acquire remaining 26% stake in Aviva Life Insurance India from Dabur Invest Corp (DIC).
  • Becomes 1st foreign insurer to fully own its Indian life insurance business.
  • Follows GoI’s decision to allow 100% FDI in insurance (May 2026).
  • Aviva’s stake rises 74% → 100%; ends Dabur’s 20+ year JV (began 2001).
22

SPORTS

23

Aswath S Becomes India's 98th Chess Grandmaster

  • 17-year-old Aswath S from Kanyakumari, TN became India’s 98th GM at the Pune International GM Round Robin Tournament.
  • Secured third and final GM norm by finishing runner-up with 7/9 points.
  • Earlier norms: Grenke Open A, Germany (April 2025) and First Saturday GM, Budapest (Dec 2025).
24

F1 British Grand Prix 2026

  • Won by Monaco’s Charles Leclerc (Ferrari) at Silverstone Circuit, Northamptonshire, England — 9th round of 2026 season.
  • Leclerc’s first win of 2026, 9th career F1 win; Ferrari’s 250th F1 GP triumph.
  • Podium: Leclerc → George Russell (Mercedes) → Lewis Hamilton (Ferrari).
  • Championship leaders: Kimi Antonelli (Drivers’, 179 pts); Mercedes (Constructors’, 333 pts).
25

Telangana to Host 8th Khelo India Youth Games

  • Announced by Sports Minister Mansukh Mandaviya; to be held in November 2026.
  • ~8,000 athletes expected.
  • 7th KIYG (2025): hosted by Bihar; Maharashtra was overall champion.
  • Khelo India Programme launched in 2018 by MYAS.
26

Leander Paes Joins Asian Tennis Federation as Player Ambassador

  • Appointed Player Ambassador of ATF to promote grassroots tennis in Asia.
  • Career: bronze at 1996 Atlanta Olympics (India’s only Olympic tennis medal); former World No. 1 in doubles; 18 Grand Slam titles; 8 Asian Games medals (5 gold).
  • Awards: Arjuna (1990), Khel Ratna (1996-97), Padma Shri (2001), Padma Bhushan (2014).
  • Inducted into International Tennis Hall of Fame in 2024.

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