Daily Current Affairs (DCA) 10 July, 2026
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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
| Index | Coverage | Maximum Score |
|---|---|---|
| PGI-S | States & Union Territories | 1000 |
| PGI-D | Districts | 600 |
PGI-S Framework (States & UTs)
- Total Indicators: 70
- Total Score: 1000
- Major Categories: 2
| Category | Covers |
|---|---|
| Outcomes | Learning, access, infrastructure and equity |
| Governance & Management | Governance 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
| Grade | Score Range |
|---|---|
| Utkarsh | Above 90% |
| Uttam | 61–90% |
| Prachesta | 31–60% |
| Akanshi | Below 40% |
Exam Point: No State/UT secured the Utkarsh grade in 2025-26.
Banking/Finance2
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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
| Indicator | Details |
|---|---|
| FY27 GDP Growth Forecast | 6.4% |
| April 2026 Forecast | 6.5% |
| FY28 GDP Growth Forecast | 6.7% |
| 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
| Indicator | 2026 | 2027 |
|---|---|---|
| Global GDP Growth | 3.0% | 3.4% |
| World Trade Growth | 3.5% | 4.3% |
| Global Headline Inflation | 4.7% | 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
| Feature | Details |
|---|---|
| Full Form | International Monetary Fund |
| Established | 1944 (Bretton Woods Conference) |
| Headquarters | Washington, D.C., USA |
| Member Countries | 191 |
| Managing Director | Kristalina Georgieva |
Key Terms
| Term | Meaning |
|---|---|
| GDP | Total value of goods and services produced in a country during a year. |
| FY27 | Financial Year 2026–27 (1 April 2026 – 31 March 2027). |
| Headline Inflation | Overall inflation based on the Consumer Price Index (CPI), including food and fuel. |
| World Trade Volume | Total 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 Year | Inflation Forecast |
|---|---|
| FY27 | 5.2% (Earlier: 4.5%) |
| FY28 | 4.0% (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)
| Feature | Details |
|---|---|
| Established | 1966 |
| Headquarters | Manila, Philippines |
| Members | 69 (49 regional, 20 non-regional) |
| India Joined | 1966 (Founding Member) |
| President | Masato Kanda |
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Download the July 2026 PDFDownload the July 2026 revision sheet PDFFacts To Remember23
DEFENCE & SECURITY
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).
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.
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.
MISCELLANEOUS & MAPPING
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.
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.
STATE POLICIES
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.
INTERNATIONAL AFFAIRS
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).
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.
Scheme to knowOne Nation One Subscription (ONOS): Research Access Scheme ExplainedOne Nation One Subscription (ONOS) is a Central Sector scheme under which the Government of India pays for a single…
Free sheet · Static GKCountries & Their Leaders 2026Who leads which country in 2026, with all 17 changes marked. Get the article and the PDF free on WhatsApp.Get it free on WhatsApp →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.
SCIENCE & TECHNOLOGY
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).
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.
ACQUISITIONS & MERGERS
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).
SPORTS
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).
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).
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.
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.



