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UPSC Current Affairs, 14 October 2026

20 stories from the news of the day, each in short with why it matters for Prelims and Mains. Practise their UPSC-style questions and take the daily quiz in CAShorts.

EconomyGS3Prelims

Cooperation Ministry mandates uniform audit report for Multi-State societies

The Ministry of Cooperation has mandated the Multi-State Co-operative Societies (Auditor's Report) Order, 2026, a uniform Yes/No format in which statutory auditors report on financial, governance and compliance parameters. It is modelled on the corporate sector's Companies (Auditor's Report) Order. The Ministry says it will allow early detection of financial stress and risk-based supervision by the Central Registrar.
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EconomyGS3GS2

CCEA approves strategic buyer for 60.72% of IDBI Bank

The Cabinet Committee on Economic Affairs on 14 October 2026 approved 10955230 Canada Inc., parented by Fairfax Financial Holdings Ltd., as strategic buyer of a 60.72% stake in IDBI Bank for Rs 52,878 crore. The Government of India and LIC sell their shares together. The buyer must still present its credentials to the Reserve Bank of India.
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EconomyPrelimsGS2

India approved to join Southern Indian Ocean Fisheries Agreement

The Union Government has approved India's accession to the Southern Indian Ocean Fisheries Agreement (SIOFA), the regional framework for high-seas fishing. India, a cooperating non-contracting party since 2022, will become a Contracting Party. Indian-flagged vessels can then fish squids, toothfish, alfonsino and other non-migratory stocks in the SIOFA area.
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EconomyGS3Prelims

India–Mauritius tax treaty gets principal purpose test against treaty shopping

The Ministry of Finance on 13 October 2026 notified the Protocol amending the India–Mauritius Double Taxation Avoidance Agreement, giving it effect under the Income-tax Act, 2025. The Protocol, in force since 10 August 2026, adds a principal purpose test: treaty benefits can be denied when obtaining them was one of the principal purposes of an arrangement.
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NationalGS1Prelims

Greater India Society at 100: India's cultural links across Asia

The Indira Gandhi National Centre for the Arts opened a three-day international conference in New Delhi on 14 October 2026, marking the centenary of the Greater India Society, or Brihattar Bharat Parishad, founded in Calcutta in 1926. Held under the Ministry of Culture's Brihattar Bharat Scheme (2026-2031), it gathers scholars and envoys from 50 nations, per IGNCA.
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NationalPrelimsGS2

Cabinet extends National Social Assistance Programme to 2030-31, renames it

The Union Cabinet on 14 October 2026 extended the National Social Assistance Programme (NSAP) to 2030-31 with Rs 53,428 crore and renamed it the Pradhan Mantri Samajik Sahayata Yojana. Its disability pension now needs 40% disability instead of 80% and pays Rs 375 or Rs 625 a month. The government puts beneficiaries at 3.20 crore.
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DefencePrelimsGS2

Indian Navy to end first command of CMF's Combined Task Force 154

The Indian Navy is scheduled to hand over command of Combined Task Force 154 (CTF 154), the training arm of the 47-nation Combined Maritime Forces (CMF), at Manama, Bahrain, on 14 October 2026, completing its first command of a CMF task force. Personnel from 39 countries logged over 7,800 training hours in the tenure, per the Ministry of Defence.
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World & IRPrelimsGS2

Putin signs law ratifying India-Russia temporary labour agreement

Vladimir Putin signed a law on 12 October 2026 ratifying the India-Russia agreement on temporary labour activity, after both chambers of Russia's Federal Assembly passed it. The pact frames how citizens of each country may work temporarily in the other. It was signed, with a pact on combating irregular migration, during Putin's December 2025 state visit to New Delhi.
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World & IRGS2Prelims

India rejects UN Indigenous Peoples Rapporteur's reference, cites Forest Rights Act

India has rejected an "unsubstantiated reference" to it in a report by the UN Special Rapporteur on the rights of Indigenous Peoples, which called Scheduled Tribe recognition "more administrative than rights-based". At the UN General Assembly Third Committee's 81st session, India cited Forest Rights Act land-title data, backed the 2007 UN Declaration and called its entire population indigenous.
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World & IRPrelimsGS2

India tells UNGA Third Committee UN rights bodies must shun selectivity

India told the UN General Assembly's Third Committee on 12 October 2026, in its debate on the Human Rights Council's report, that UN human rights mechanisms should rise above politicisation and selectivity and respect cultural and historical context. A day later, the General Assembly elected 15 countries, including Nepal and Japan, to the 47-member Council for 2027-2029.
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PolityGS2Prelims

158 refugees get citizenship in Ahmedabad, 126 under the CAA

At an Ahmedabad district administration ceremony on 13 October 2026, 158 migrants received Indian citizenship certificates: 126 under the Citizenship (Amendment) Act, 2019 (CAA) and 32 through the Collector. Its route, Section 6B of the Citizenship Act, 1955, covers Hindu, Sikh, Buddhist, Jain, Parsi and Christian migrants from Afghanistan, Bangladesh and Pakistan who entered India by 31 December 2014.
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World & IRGS3Prelims

India-Canada reset: PMs back early CEPA to double trade by 2030

Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney spoke on 13 October 2026, agreeing to work for concrete outcomes in trade, energy, technology, security and people-to-people ties. Canada's readout says both reaffirmed concluding the Comprehensive Economic Partnership Agreement at the earliest opportunity, backing efforts to double two-way trade by 2030, ahead of Modi's December visit to Canada.
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World & IRPrelimsGS2

Union Territory of Ladakh: India rejects China's objection to standard names

China's Foreign Ministry said on 13 October 2026 that China has never recognised the Union Territory of Ladakh, and called India's standard names for 28 places there illegal and void. The Ministry of External Affairs replied the same day that Ladakh is an integral and inalienable part of India. The names stand on the official Survey of India map.
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EconomyGS3GS4

Monitoring of issue proceeds: SEBI proposes an agency for every issue

The Securities and Exchange Board of India (SEBI) on 13 October 2026 proposed a mandatory monitoring agency for every issue, whatever its size, to check how raised money is spent. A Main Board IPO now needs one only above Rs 100 crore. Non-cooperating companies would be fined Rs 50,000 per instance. Comments close on 3 November.
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PolityGS2Prelims

Article 190(3): Madras HC upholds Speaker's acceptance of MLAs' resignations

The Madras High Court's First Bench on 13 October 2026 upheld the Tamil Nadu Assembly Speaker's acceptance of six MLAs' resignations, tendered between 25 May and 29 June 2026. The Speaker had told the court he accepted them under the proviso to Article 190(3)(b) after the members confirmed they resigned of their own free will.
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PolityGS2Prelims

Section 30 FSS Act: Uttarakhand bans tobacco gutka for a year

Uttarakhand's food safety commissioner has prohibited the manufacture, storage, distribution and sale of gutka, pan masala and other food products containing tobacco or nicotine for one year from 13 October 2026. The order uses section 30(2)(a) of the Food Safety and Standards Act, 2006 and cites Regulation 2.3.4, which bars tobacco and nicotine as food ingredients.
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EconomyPrelimsGS2

Maritime State Development Council holds first statutory meeting, sets port deadlines

The Maritime State Development Council met in Mumbai on 13 October 2026, its first as a statutory body under the Indian Ports Act, 2025. It set March 2027 for every port to adopt the One Nation One Port Process and join the Maritime Single Window, mandated electronic tariff publication, and gave States three months to notify rules under the Act.
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DefencePrelimsGS3

India, Czech Republic agree to widen defence industrial cooperation

Defence Minister Rajnath Singh and Czech First Deputy Prime Minister Karel Havlíček agreed in New Delhi on October 13, 2026 to expand defence industrial cooperation, including under the India-Czech Joint Defence Committee, to promote Make in India and Aatmanirbhar Bharat. Both sides welcomed existing joint ventures. No new contracts or projects were announced.
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World & IRGS2GS3

BIMSTEC home ministers adopt Delhi Declaration at first security meeting

BIMSTEC's seven members held their first Home Ministers' Meeting in New Delhi on 13 October 2026 and adopted the Delhi Declaration on security cooperation. It condemns cross-border terrorism, seeks enforcement of UN Security Council sanctions and presses members to implement BIMSTEC's anti-terrorism convention. The Home Ministry said ministers also approved five instruments, including a disaster-preparedness plan.
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EconomyGS3Prelims

IMF's Global Financial Stability Report flags AI correction, cyber risks

The International Monetary Fund's Global Financial Stability Report, released on 13 October 2026 at the IMF-World Bank Annual Meetings in Bangkok, judged global financial stability risks to be elevated. It named an AI-related market correction and severe cyber incidents as plausible near-term triggers of market turmoil, and warned of a spike in sovereign bond yields.
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