Daily Current Affairs 10 July 2026: 14 Powerful Updates for UPSC, Banking and SSC Exams

Daily Current Affairs 10 July 2026 national banking sports appointments awards updates Daily Current Affairs 10 July 2026 national banking sports appointments awards updates

Last Updated: July 10, 2026 — Welcome to TheExamHub.in’s Daily Current Affairs 10 July 2026 edition. Today’s update brings you 14 important developments across national, banking, appointments, awards, sports, and important days — all in one exam-ready article. From the new RBI Ombudsman Scheme 2026 and Kamarajar Port’s landmark 18-metre draft achievement, to the IMF’s revised India GDP forecast, PM Modi’s Prambanan Temple inauguration in Indonesia, Telangana hosting the 8th Khelo India Youth Games, and Aswath S becoming India’s 98th Chess Grandmaster — this edition covers everything you need for your preparation.

Whether you are preparing for UPSC Civil Services, IBPS PO, IBPS RRB, RBI Grade B, SSC CGL, or any State PSC examination, this Daily Current Affairs 10 July 2026 update gives you facts, context, and exam relevance in one place.

Table of Contents

National News


1. PM Modi and Indonesian President Prabowo Inaugurate India-Supported Restoration Project at Prambanan Temple

Prime Minister Narendra Modi and Indonesian President Prabowo Subianto jointly inaugurated the India-supported restoration and conservation project at the Prambanan Temple Compounds, a UNESCO World Heritage Site in Indonesia. The initiative highlights the two countries’ shared civilisational heritage and deep historical connections that stretch back over two millennia.

The Prambanan Temple, built in the 9th century, is the largest Hindu temple complex in Indonesia and one of the largest in Southeast Asia. It is dedicated to the Trimurti — Brahma, Vishnu, and Shiva — and reflects the profound influence of Indian culture, religion, and architecture on the Indonesian archipelago. The restoration project reflects India’s commitment to strengthening its Comprehensive Strategic Partnership with Indonesia through cultural diplomacy, heritage conservation, and deeper people-to-people ties.

This comes just days after PM Modi became the first Indian Prime Minister to address Indonesia’s Parliament and received the Bintang Adipurna — Indonesia’s highest civilian honour. The Prambanan project adds a cultural dimension to what has been a landmark week for India-Indonesia relations, covering defence (BrahMos and Astra missile agreements), education (IIM Bangalore’s overseas campus), and now heritage conservation.

For exam aspirants, the India-Indonesia relationship — its civilisational roots, strategic dimensions, and cultural diplomacy — is a rich area for both Prelims and Mains. The Prambanan Temple, Borobudur (the world’s largest Buddhist temple, also in Indonesia), and India’s heritage restoration projects abroad are worth noting under international relations and soft power diplomacy.


2. Kamarajar Port Becomes India’s Second Major Port with 18-Metre Operational Draft

Kamarajar Port Limited (KPL) in Tamil Nadu has become India’s second major port, after Visakhapatnam Port, to achieve an operational draft of 18 metres. The milestone was achieved after the successful completion of the Capital Dredging Phase VI project, executed at a cost of approximately ₹440 crore. The port can now handle fully laden Capesize vessels carrying up to 1,70,000 deadweight tonnage (DWT).

The dredging project deepened the outer approach channel to 23 metres, the inner entrance channel to 22 metres, and increased the berth draft to 18 metres. This transforms Kamarajar Port into a deep-water, Cape Compliant port capable of accommodating some of the world’s largest bulk cargo vessels.

Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said, “The emergence of Kamarajar Port as the country’s second Major Port with an 18-metre draft is another milestone in the journey of creating modern, future-ready maritime infrastructure that will power India’s economic growth and global trade.”

Why Does an 18-Metre Draft Matter?

Draft — the depth of water a ship needs to float — is one of the most critical factors determining which vessels a port can handle. Capesize vessels are among the largest cargo ships in the world, typically used for transporting iron ore, coal, and other bulk commodities. They are too large to pass through the Suez or Panama Canals (hence the name “Capesize” — they must go around the Cape of Good Hope or Cape Horn). Because of their size, Capesize vessels offer significantly lower freight costs per tonne — but only if ports have sufficient draft to accommodate them.

Before this upgrade, only Visakhapatnam Port among India’s major ports had an 18-metre draft. Kamarajar Port now joins that exclusive capability, placing it in the league of leading international bulk cargo ports and aligning with the government’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047.

For exam aspirants, India’s major ports (there are 12), the significance of draft depth, Capesize vessels, and the Maritime India Vision 2030 are standard topics in GS Paper III on infrastructure and economy. Kamarajar Port’s location near Chennai and its specialisation in bulk cargo handling are worth noting.

Banking and Financial News


3. New RBI Ombudsman Scheme 2026 Comes into Effect from July 1

The Reserve Bank of India has introduced the Reserve Bank–Integrated Ombudsman Scheme (RB-IOS), 2026, effective from 1 July 2026, replacing the RB-IOS, 2021. The revised scheme brings significant changes to customer grievance redressal against regulated financial entities, including higher compensation limits, tighter filing timelines, and expanded powers for the Ombudsman.

The RB-IOS, 2026 provides a cost-free, expeditious, and non-adversarial alternate grievance redress mechanism for customer complaints involving deficiency in service by regulated entities covered under the scheme (citation:1). It applies to all commercial banks, Regional Rural Banks, State Co-operative Banks, Central Co-operative Banks, Scheduled and Non-Scheduled Primary Urban Co-operative Banks with deposits of ₹50 crore and above, certain NBFCs with assets of ₹100 crore and above, all non-bank Prepaid Payment Instrument issuers, and Credit Information Companies (citation:3).

Key Changes Under RB-IOS, 2026

ParameterRB-IOS, 2021RB-IOS, 2026
Compensation for Consequential LossUp to ₹20 lakhUp to ₹30 lakh (citation:2)
Compensation for Harassment/Mental AnguishUp to ₹1 lakhUp to ₹3 lakh (citation:2)
Dispute Value LimitNo capNo cap — remains unchanged (citation:2)
Timeline for Filing Complaint1 year from RE’s reply90 days from expiry of RE’s response timeline (30 days) or last communication (citation:2)(citation:3)
Annual ReportNot mandatory to publishRBI mandated to publish annual report on scheme functioning (citation:2)
Interim AdvisoryNo express provisionOmbudsman can issue advisory at any stage for full or partial resolution (citation:2)
Power to Implead Other REsNo explicit powerOmbudsman can make other Regulated Entities a party to the complaint (citation:2)

How to File a Complaint Under RB-IOS, 2026

ModeDetails
OnlineCMS Portal — https://cms.rbi.org.in (citation:1)(citation:3)
Emailcrpc@rbi.org.in (citation:3)
PhysicalCentralised Receipt and Processing Centre (CRPC), RBI, Central Vista, Sector 17, Chandigarh – 160017 (citation:1)(citation:3)
HelpdeskToll-Free IVRS — 14448 (available 24×7; personnel available 8 AM–10 PM, Mon–Sat in 12 languages) (citation:1)

Complaints must be filed within 90 days from the later of: the date on which 30 days have passed after the Regulated Entity received the complaint without a satisfactory reply, or the date of the last communication received from the Regulated Entity (citation:3).

The scheme operates under the “One Nation One Ombudsman” approach, meaning complaints are jurisdiction-neutral — a customer can file from anywhere in India without being restricted to a specific Ombudsman office (citation:1).

For banking exam aspirants, the RBI Ombudsman Scheme is a critical topic. The enhanced compensation limits, shortened filing timelines, and new provisions like interim advisory and the power to implead other Regulated Entities represent a significant strengthening of the customer protection framework. These changes are likely to appear in questions for RBI Grade B, IBPS PO, and other banking examinations.


4. IFSCA Approves Punjab & Sind Bank’s IFSC Banking Unit at GIFT City

Punjab & Sind Bank has received a licence from the International Financial Services Centres Authority (IFSCA) to establish an International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, Gandhinagar, Gujarat.

The IFSC Banking Unit will provide foreign currency banking, trade finance, and other international financial services to corporates, financial institutions, importers, and global investors. GIFT City — India’s first International Financial Services Centre — has been steadily attracting banks, insurance companies, and financial institutions looking to offer global financial services from Indian soil.

For exam aspirants, GIFT City (Gujarat International Finance Tec-City), the IFSCA’s role as a unified regulator for international financial services, and the concept of IFSC Banking Units are standard topics in banking and financial awareness sections. The IBU model allows Indian banks to offer international banking services without establishing a physical presence abroad.


5. IMF Revises India’s FY2026–27 GDP Growth Forecast to 6.4%

The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY 2026–27 downward by 0.1 percentage point (10 basis points) to 6.4 percent, according to its latest World Economic Outlook Update (citation:10)(citation:11). However, the IMF raised India’s GDP growth forecast for FY 2027–28 to 6.7 percent, indicating stronger medium-term economic growth prospects.

Despite the marginal downward revision, India continues to be projected as the world’s fastest-growing major economy in 2026, significantly ahead of China (4.6%) and the United States (2.3%) (citation:11). The IMF attributed India’s growth resilience to strong domestic demand, robust private consumption, and a healthy services sector, while noting that global uncertainties from geopolitical tensions and higher energy prices remain headwinds.

India GDP Growth Projections — Key Institutions

InstitutionGrowth RatePeriod
IMF6.4% FY2027; 6.7% FY2028July 2026 WEO Update (citation:10)(citation:11)
Goldman Sachs6.8%CY2026
World Bank6.6%FY2027
Fitch Ratings6.4%FY2027
OECD6.3%FY2027; 6.4% FY2028
ICRA6.2%FY2027

For economy and current affairs questions, the IMF’s World Economic Outlook projections, India’s position as the fastest-growing major economy, and the comparative GDP growth rates of major economies are frequently tested in both Prelims and Mains. The distinction between calendar year (CY) and fiscal year (FY) projections is a common source of confusion — be careful about which period each institution is projecting.

Appointment News


6. RBI Approves Mahesh Muralidhar Pai as MD & CEO of South Indian Bank

The Reserve Bank of India has approved the appointment of Mahesh Muralidhar Pai as the Managing Director and CEO of South Indian Bank (SIB) for a three-year term, effective 1 October 2026. He will succeed P.R. Seshadri, who has been at the helm since 1 October 2023.

About South Indian Bank

ParameterDetails
Founded1929
HeadquartersThrissur, Kerala
ChairmanJose Joseph Kattoor
Current MD & CEOP.R. Seshadri (until 30 September 2026)
Incoming MD & CEOMahesh Muralidhar Pai (from 1 October 2026)
TaglineExperience Next Generation Banking

7. MEA Appoints Sanjeev Jain as India’s Next Ambassador to North Korea

The Ministry of External Affairs has appointed Sanjeev Jain as India’s next Ambassador to the Democratic People’s Republic of Korea (DPRK), commonly known as North Korea. Sanjeev Jain, currently serving as India’s Ambassador to the Republic of Cabo Verde, will succeed Aliawati Longkumer as India’s envoy to Pyongyang.

India maintains diplomatic relations with North Korea, though the relationship is modest in scope. India has an embassy in Pyongyang, and trade between the two countries is limited, primarily consisting of pharmaceutical and agricultural exports from India. The appointment of a new ambassador signals India’s continued commitment to maintaining diplomatic channels, even with countries with which it has limited engagement.

Recent Diplomatic Appointments

PositionAppointee
Ambassador to North Korea (DPRK)Sanjeev Jain
High Commissioner to MalaysiaSomnath Ghosh
Ambassador to OmanPrashant Pise
High Commissioner to BangladeshDinesh Trivedi
High Commissioner to the UKPeriasamy Kumaran
Ambassador to ChinaVikram Doraiswami

8. IMF Appoints Silvana Tenreyro as New Chief Economist and Economic Counsellor

The International Monetary Fund has appointed Silvana Tenreyro as its new Chief Economist and Economic Counsellor, succeeding Pierre-Olivier Gourinchas. Tenreyro is currently a member of IMF Managing Director Kristalina Georgieva’s External Advisory Group and will now lead the Fund’s economic research and policy analysis division.

The Chief Economist is one of the most high-profile positions at the IMF, responsible for shaping the institution’s analytical framework, producing the World Economic Outlook, and advising on global economic policy. Tenreyro’s appointment places her at the centre of global economic policymaking at a time of significant uncertainty arising from trade tensions, geopolitical conflicts, and uneven recovery from the pandemic.

About the International Monetary Fund

ParameterDetails
Founded1945
HeadquartersWashington, D.C.
Managing DirectorKristalina Georgieva (Bulgaria) — 12th MD
First Deputy Managing DirectorGita Gopinath
Member Countries190 (latest — Andorra)
New Chief EconomistSilvana Tenreyro

9. Amit Garg Appointed NCRB Director; Alok Kumar Mittal and Sujeet Pandey Head BPR&D and SVPNPA

The Appointments Committee of the Cabinet has approved the appointment of three senior IPS officers to head key police organisations. Amit Garg, a 1993-batch IPS officer of the Andhra Pradesh cadre, has been appointed as the Director of the National Crime Records Bureau (NCRB), New Delhi, until 31 October 2027. Alok Kumar Mittal, a 1993-batch IPS officer of the Haryana cadre, has been appointed as the Director General of the Bureau of Police Research and Development (BPR&D), serving until his retirement on 30 June 2029. Sujeet Pandey, a 1994-batch IPS officer of the Uttar Pradesh cadre, has been appointed as the Director of the Sardar Vallabhbhai Patel National Police Academy (SVPNPA), Hyderabad, until 31 July 2028.

Key Facts About the Three Organisations

OrganisationNew HeadRole
NCRB (National Crime Records Bureau)Amit GargMaintains national databases on crime, criminals, and missing persons; publishes annual crime statistics
BPR&D (Bureau of Police Research and Development)Alok Kumar MittalResearch, training, and modernisation of police forces across India
SVPNPA (Sardar Vallabhbhai Patel National Police Academy)Sujeet PandeyIndia’s premier training institution for IPS officers

Awards News


10. Nepal’s Jestha Varna Mahavihar Wins UNESCO Asia-Pacific Heritage Conservation Award

Jestha Varna Mahavihar, a 17th-century Buddhist monastery in Lalitpur, Nepal, has received the 2025 UNESCO Asia-Pacific Award for Cultural Heritage Conservation for its successful restoration. The monastery was severely damaged in the 2015 Nepal earthquake and later reconstructed with the assistance of the Government of India under its post-earthquake reconstruction programme in Nepal’s cultural heritage sector.

India provided Nepalese Rupees (NPR) 13.78 crore for the reconstruction project, which was carried out in coordination with Nepali authorities and the local community. The UNESCO award is a recognition not just of the physical restoration but of the collaborative approach that brought together Indian funding, Nepali expertise, and community participation to preserve a site of immense cultural significance.

The award carries significance for India-Nepal bilateral relations, demonstrating India’s role as a partner in heritage conservation and disaster recovery. For exam aspirants, UNESCO’s Asia-Pacific Heritage Awards, India’s neighbourhood diplomacy, and the 2015 Nepal earthquake and its aftermath are all relevant topics.

Recent Awards at a Glance

AwardRecipient
UNESCO Asia-Pacific Heritage Conservation Award 2025Jestha Varna Mahavihar, Lalitpur, Nepal (India-supported restoration)
Bintang Adipurna (Indonesia’s Highest Civilian Honour)PM Narendra Modi
Green Oscar (Whitley Award)Parveen Shaikh and Barkha Subba (Wildlife Conservation)
Highest Honour of World Meteorological Organization — IMO PrizeFlorence Rabier (France)
Seychelles’ Highest Environmental Honour — Guardian of the Blue HorizonPM Narendra Modi
SJFI MedalViswanathan Anand

Sports News


11. Telangana to Host 8th Khelo India Youth Games 2026 in November

Telangana will host the 8th Khelo India Youth Games 2026, scheduled to be held in November 2026, as announced by Union Minister for Youth Affairs and Sports Dr Mansukh Mandaviya. The multi-sport grassroots event is expected to witness the participation of over 8,000 athletes, coaches, support staff, and officials, making it one of India’s largest youth sporting events.

The Khelo India programme, launched in 2018, has been one of the government’s most successful sports initiatives. It provides a structured platform for identifying, nurturing, and supporting young sporting talent across the country. The selection of Telangana as the host state is a recognition of the state’s growing investment in sports infrastructure and its track record of producing athletes at the national and international levels.

About Telangana

ParameterDetails
Established2 June 2014
CapitalHyderabad
Chief MinisterRevanth Reddy
Deputy CMMallu Bhatti Vikramarka
GovernorShiv Pratap Shukla

For sports current affairs questions, the Khelo India programme — its components (Youth Games, University Games, Winter Games, Para Games), host cities, and the government’s investment in grassroots sports development — is a standard topic. The 8th edition in Telangana should be noted alongside previous host cities.


12. Aswath S Becomes India’s 98th Chess Grandmaster

Seventeen-year-old Aswath S from Kanyakumari, Tamil Nadu, became India’s 98th Grandmaster after securing his final GM norm at the 2026 Pune International Grandmaster Round Robin. Aswath earned the title by defeating USA’s FM Kannan Vaidyanathan with the black pieces in the final round, finishing the tournament with 7 points from 9 rounds (6 wins, 2 draws, 1 loss) to secure second place.

He had earlier achieved his first GM norm at the Grenke Open and his second GM norm at the First Saturday GM Round Robin in Budapest, where he also crossed the 2500 FIDE rating mark — one of the key requirements for the Grandmaster title.

India’s chess pipeline continues to produce Grandmasters at an extraordinary pace. With the 98th GM now in the books, the milestone of India’s 100th Grandmaster — a landmark that would have seemed unimaginable a generation ago — is tantalisingly close.

Recent Indian Chess Grandmasters

GM NumberNameState
98thAswath SKanyakumari, Tamil Nadu
97thHarshavardhan G.B.Chennai, Tamil Nadu
96thEthan VazGoa
95thAronya GhoshKolkata, West Bengal
26th Woman GMSarayu VelpulaWarangal, Telangana
94thMayank ChakrabortyGuwahati, Assam

For sports GK questions, India’s chess Grandmasters list — including Viswanathan Anand (India’s first GM, 1988), the total count, and recent additions — is a frequently tested area. The fact that India’s 98th GM comes from Kanyakumari, a town at the southernmost tip of mainland India, is a good detail for state-specific questions.


13. Tammy Beaumont Announces Retirement from International Cricket

England batter Tammy Beaumont has announced her retirement from international cricket, with her final match set to be the first-ever women’s Test at Lord’s against India. Beaumont ends her international career with 7,325 runs and 14 centuries, and is only the second woman to score a century in all three international formats — Tests, ODIs, and T20Is.

The choice of Lord’s — widely regarded as the home of cricket — as the venue for her farewell adds a fittingly historic dimension to the occasion. The match will be the first women’s Test ever played at Lord’s, making it a landmark event in women’s cricket regardless of the result.

Recently Retired International Cricketers

PlayerCountryFormat/Retirement
Tammy BeaumontEnglandInternational cricket (all formats)
Stan WawrinkaSwitzerlandProfessional tennis
Ben StokesEnglandInternational Test cricket
Kane WilliamsonNew ZealandInternational cricket
Vijay ShankarIndiaInternational cricket
Rubel HossainBangladeshInternational cricket

Important Days


14. 10 July — National Fish Farmers Day

National Fish Farmers Day is observed annually in India on 10 July to honour the contributions of fish farmers and promote the development of the fisheries and aquaculture sector. The day commemorates the successful induced breeding of Indian Major Carps by Dr. Hiralal Chaudhuri and Dr. K.H. Alikunhi on 10 July 1957 — a landmark achievement in Indian aquaculture that revolutionised freshwater fish farming in the country.

Induced breeding — the technique of stimulating fish to breed in controlled conditions using hormonal injections — transformed India’s aquaculture industry by making it possible to produce fish seed (fry and fingerlings) in hatcheries rather than depending on wild collection. This breakthrough laid the foundation for India to become one of the world’s largest producers of farmed fish.

For exam aspirants, National Fish Farmers Day, the significance of induced breeding, and India’s fisheries sector — including the Pradhan Mantri Matsya Sampada Yojana (PMMSY) — are standard topics in agriculture and economy sections of competitive exams.

Daily Current Affairs 10 July 2026 — Frequently Asked Questions


What is the RBI Integrated Ombudsman Scheme, 2026?

The RB-IOS, 2026 is a cost-free grievance redress mechanism introduced by the RBI, effective 1 July 2026, replacing the 2021 scheme. It covers banks, NBFCs, PPI issuers, and Credit Information Companies. The Ombudsman can award up to ₹30 lakh for consequential loss and up to ₹3 lakh for harassment (citation:1)(citation:2)(citation:3).

How is Kamarajar Port’s 18-metre draft significant?

Kamarajar Port has become India’s second major port after Visakhapatnam to achieve an 18-metre operational draft, enabling it to handle Capesize vessels of up to 1,70,000 DWT. The ₹440 crore dredging project places it among leading international bulk cargo ports (citation:6)(citation:7).

What is the IMF’s latest GDP growth forecast for India?

The IMF has revised India’s FY2026–27 GDP growth forecast to 6.4% (down from 6.5%) and raised the FY2027–28 forecast to 6.7%. India remains the world’s fastest-growing major economy, ahead of China (4.6%) and the US (2.3%) (citation:10)(citation:11).

What is the RBI Ombudsman’s new compensation limit?

Under RB-IOS, 2026, the RBI Ombudsman can award up to ₹30 lakh for consequential financial loss (increased from ₹20 lakh) and up to ₹3 lakh for harassment or mental anguish (increased from ₹1 lakh). There is no monetary cap on the dispute value (citation:2).

Where is the 8th Khelo India Youth Games 2026 being held?

Telangana will host the 8th Khelo India Youth Games 2026 in November, with over 8,000 athletes expected to participate.

Who is India’s 98th Chess Grandmaster?

Aswath S, a 17-year-old from Kanyakumari, Tamil Nadu, became India’s 98th Grandmaster after securing his final GM norm at the 2026 Pune International Grandmaster Round Robin.

What is the Prambanan Temple restoration project?

PM Modi and Indonesian President Prabowo jointly inaugurated India-supported restoration and conservation of the Prambanan Temple Compounds, a UNESCO World Heritage Site in Indonesia and the largest Hindu temple complex in Southeast Asia.

Who is the new IMF Chief Economist?

Silvana Tenreyro has been appointed as the IMF’s new Chief Economist and Economic Counsellor, succeeding Pierre-Olivier Gourinchas.

What is the new RBI Ombudsman complaint filing timeline?

Under RB-IOS, 2026, complaints must be filed within 90 days from the expiry of the Regulated Entity’s response timeline (30 days) or the date of last communication, whichever is later. This is considerably shorter than the 1-year window under the 2021 scheme (citation:2)(citation:3).

What is the ‘One Nation One Ombudsman’ approach?

Under the RBI’s Integrated Ombudsman Scheme, complaints are jurisdiction-neutral — customers can file from anywhere in India without being restricted to a specific Ombudsman office, through the centralised CMS portal (citation:1).

Conclusion


That wraps up our Daily Current Affairs 10 July 2026 update — 14 key developments spanning heritage diplomacy, maritime infrastructure, banking regulation, international finance, diplomatic appointments, awards, sports milestones, and agricultural commemoration.

Today’s edition was dominated by two themes that exam aspirants should prioritise. First, the RBI’s new Ombudsman Scheme 2026 — with its enhanced compensation limits, shortened filing timelines, and expanded powers — represents a significant strengthening of India’s consumer protection framework in the financial sector. Second, Kamarajar Port’s transformation into a Cape Compliant port with an 18-metre draft marks another step in India’s journey toward world-class maritime infrastructure under the Maritime India Vision 2030.

Bookmark TheExamHub.in and revisit our Daily Current Affairs 10 July 2026 section whenever you need a quick, reliable, and exam-focused revision. We will be back tomorrow with another comprehensive update.

Published by TheExamHub.in | July 10, 2026 | Sources: PIB Delhi, RBI, Ministry of External Affairs, Ministry of Ports Shipping and Waterways, IMF, Ministry of Youth Affairs and Sports, UNESCO, FIDE

Leave a Reply

Your email address will not be published. Required fields are marked *