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UPSC NDA, CDS & AFCAT Current Affairs Compendium
Curated from PIB & Ministry of Defence • Printed on 15 Oct, 2026
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SSB GD & LECTURETTE ANGLE:
Geopolitical impact, operational readiness, and strategic deterrence.
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Economy Banking & Financial System
25 Sep, 2026

RBI, IRDAI and SEBI Intensify Measures to Help Citizens Reclaim Unclaimed Deposits

Official Press Information Bureau (PIB) update under the Economy sector. Key factual takeaway for UPSC NDA & CDS General Awareness & SSB Interview: Focuses on 'RBI, IRDAI and SEBI Intensify Measures to Help Citizens Reclaim Unclaimed Deposits', detailing strategic governance milestones, policy implementation, and high-yield national developments.

Expected NDA/CDS/AFCAT MCQ:
In India, which statutory regulatory body oversees the operations of stock exchanges (NSE, BSE) and protects the interests of investors in capital securities?
(A) Securities and Exchange Board of India (SEBI)
(B) Reserve Bank of India (RBI)
(C) Competition Commission of India (CCI)
(D) Enforcement Directorate (ED)
Correct Answer: (A) — NDA/CDS/AFCAT Exam Pointer:
Direct NDA/CDS Economy Fact: SEBI (established as a statutory body under the SEBI Act, 1992) regulates India's capital markets, securities exchanges, and mutual funds.
SSB Interview & Lecturette Framework:
Strategic Significance: Financial Market Integrity: Robust capital market regulation fuels domestic corporate investment and foreign institutional inflows.
Group Discussion (GD) Angle: GD Topic: The rise of retail equity investing and financial literacy among Indian youth.
IO Cross-Question Tip: IO Question: 'What is the benchmark index of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)?'
Economy Banking & Financial System
24 Sep, 2026

India hopes GST Council will review tax on UPI merchant fees, source says - Reuters

India hopes GST Council will review tax on UPI merchant fees, source says Reuters

Expected NDA/CDS/AFCAT MCQ:
With reference to the current national development in "India hopes GST Council will review tax on UPI merchant...", which category does this update primarily impact?
(A) Private Commercial Real Estate Valuation
(B) Local Municipal Tax Rate Assessment
(C) Commercial Foreign Exchange Speculation
(D) Strategic Policy, Public Governance & National Institutional Development
Correct Answer: (D) — NDA/CDS/AFCAT Exam Pointer:
NDA/CDS/AFCAT General Awareness: Candidates must track key national initiatives, responsible nodal ministries, institutional frameworks, and policy impacts for the General Knowledge paper.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
22 Sep, 2026

Government and RBI Measures Ensure Seamless Rural Credit Flow

Official Press Information Bureau (PIB) update under the Economy sector. Key factual takeaway for UPSC NDA & CDS General Awareness & SSB Interview: Focuses on 'Government and RBI Measures Ensure Seamless Rural Credit Flow', detailing strategic governance milestones, policy implementation, and high-yield national developments.

Expected NDA/CDS/AFCAT MCQ:
With reference to the current national development in "Government and RBI Measures Ensure Seamless Rural Credi...", which category does this update primarily impact?
(A) Strategic Policy, Public Governance & National Institutional Development
(B) Local Municipal Tax Rate Assessment
(C) Commercial Foreign Exchange Speculation
(D) Private Commercial Real Estate Valuation
Correct Answer: (A) — NDA/CDS/AFCAT Exam Pointer:
NDA/CDS/AFCAT General Awareness: Candidates must track key national initiatives, responsible nodal ministries, institutional frameworks, and policy impacts for the General Knowledge paper.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
Economy Banking & Financial System
15 Sep, 2026

UPI Continues to Remain Free for Peer to Peer Transactions and 96% of Merchant Transactions

UPI Continues to Remain Free for Peer to Peer Transactions and 96% of Merchant Transactions PIB

Expected NDA/CDS/AFCAT MCQ:
With reference to the current national development in "UPI Continues to Remain Free for Peer to Peer Transacti...", which category does this update primarily impact?
(A) Commercial Foreign Exchange Speculation
(B) Local Municipal Tax Rate Assessment
(C) Strategic Policy, Public Governance & National Institutional Development
(D) Private Commercial Real Estate Valuation
Correct Answer: (C) — NDA/CDS/AFCAT Exam Pointer:
NDA/CDS/AFCAT General Awareness: Candidates must track key national initiatives, responsible nodal ministries, institutional frameworks, and policy impacts for the General Knowledge paper.
SSB Interview & Lecturette Framework:
Strategic Significance: Institutional Governance: Effective policy execution and civil-military alignment form the bedrock of national sovereignty.
Group Discussion (GD) Angle: GD Topic: The socio-economic impact of good governance and transparent public administration in India.
IO Cross-Question Tip: IO Question: 'How does strong domestic governance directly reinforce external national security?'
UPSC NDA & CDS High-Yield Matrix

Major Joint Military Exercises of India

Exercise Name Participating Country / Group Defence Branch Type & Nature UPSC Exam Key Focus
MALABAR India, USA, Japan, Australia (QUAD) Navy Multilateral Naval High-intensity maritime interoperability, anti-submarine warfare (ASW) in Indo-Pacific.
YUDH ABHYAS India & United States Army Bilateral Wargame High-altitude counter-insurgency and cold-weather mountain warfare.
VAJRA PRAHAR India & United States Army (Special Forces) Bilateral Special Forces Urban counter-terrorism, hostage rescue, and airborne tactical raids.
SURYA KIRAN India & Nepal Army Bilateral Mountain Jungle warfare, counter-terrorism operations, and disaster relief drills.
GARUDA India & France Air Force Bilateral Air Combat Air defence simulation, aerial dogfights, Rafale & Sukhoi-30MKI interoperability.
VARUNA India & France Navy Bilateral Maritime Carrier strike group operations, cross-deck landings, tactical surface drills.
SHAKTI India & France Army Bilateral Army Semi-urban and mountainous counter-terror drills under UN Chapter VII mandate.
JIMEX India & Japan Navy Bilateral Maritime Complex maritime warfare, replenishment at sea, and Indo-Pacific security.
DHARMA GUARDIAN India & Japan Army Bilateral Army Tactical drills in built-up areas and anti-terrorist tactical interoperability.
SAMPRITI India & Bangladesh Army Bilateral Border Counter-insurgency and riverine terrain operational doctrine.
BONGOSAGAR India & Bangladesh Navy Bilateral Maritime Bay of Bengal joint maritime patrol (CORPAT) and anti-piracy operations.
MITRA SHAKTI India & Sri Lanka Army Bilateral Army Sub-conventional operations in semi-urban terrain under UN mandate.
SLINEX India & Sri Lanka Navy Bilateral Maritime Surface weapon firing, helicopter operations, and search & rescue (SAR).
NOMADIC ELEPHANT India & Mongolia Army Bilateral Army Mountain warfare, high-altitude survival, and counter-terror tactics.
DUSTLIK India & Uzbekistan Army Bilateral Central Asia Special operation tactics, unmanned aerial vehicle (UAV) reconnaissance.
KAZIND India & Kazakhstan Army (Joint) Bilateral Army/Air Counter-insurgency and counter-terrorist operations in sub-mountainous region.
TARANG SHAKTI India + 10+ Allied Air Forces Air Force Mega Multilateral Air India's largest multilateral air combat exercise demonstrating IAF global deterrence.
MILAN India + 50+ Global Navies Navy Flagship Multilateral Indian Navy's biennial congregation in Visakhapatnam for global maritime security.

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