Daily Current Affairs 1 November 2026
Daily current affairs for 1 November 2026 — 12 verified news items across National, Economy, Sports & more, with exam-angle notes, keywords and practice MCQs.
Part of November 2026 current affairs: the month's top stories by topic
Free to start — daily digests, practice questions and a study plan built round your exam.
In this digest · 12 items
National
IBBI Amends Rules on Real Estate Projects in Insolvency
The Insolvency and Bankruptcy Board of India (IBBI) amended regulations concerning real estate projects in insolvency, according to reports published on 31 October 2026. The rules allow financial creditors to seek exemption for financially sound projects from bankruptcy proceedings. A separate report describes the changes as seeking to keep completed real estate projects out of the resolution process. The amendments also aim to encourage homebuyer participation and strengthen oversight during insolvency resolution. The reported changes address how projects are treated when a developer faces insolvency.
Source Livemint
Practice MCQs
Q1 Under the reported rules, what may financial creditors seek for financially sound projects?
- AExemption from bankruptcy proceedingsCorrect
- BA change in property registration laws
- CA merger with another developer
- DA government grant for construction
Explanation The source says financial creditors may seek exemption for financially sound projects from bankruptcy proceedings.
Q2 What do the amendments aim to strengthen during insolvency resolution?
- AOversightCorrect
- BProperty taxation
- CConstruction licensing
- DForeign investment screening
Explanation The BusinessLine source says the amendments aim to strengthen oversight during the insolvency resolution process.
Maharashtra Bill Recognises Women Farmers Regardless of Land Ownership
Maharashtra has passed the Women Farmers’ Empowerment Bill, which grants women independent recognition as farmers irrespective of land ownership. The passage brings into focus structural bias against the female agricultural workforce. It also highlights the need for a database of women farmers and for using that database to ensure access to welfare schemes. This places recognition of women in agriculture at the centre of the issue.
Source The Hindu
Practice MCQs
Q1 Which State passed the Women Farmers’ Empowerment Bill?
- AMaharashtraCorrect
- BKerala
- CPunjab
- DGujarat
Explanation The source states that Maharashtra passed the Bill.
Q2 What does the Bill grant women irrespective of land ownership?
- AIndependent recognition as farmersCorrect
- BAutomatic ownership of agricultural land
- CGuaranteed access to credit
- DExemption from agricultural taxes
Explanation The source says the Bill grants women independent recognition as farmers irrespective of land ownership.
Economy
Centre Releases ₹1.09 Lakh Crore Additional Tax Devolution to States
On October 31, 2026, the Centre released an additional instalment of ₹1.09 lakh crore in tax devolution to States. The release was in addition to the regular monthly devolution and was the second additional instalment in the financial year. Karnataka received an additional instalment of ₹4,504 crore. The allocation came ahead of the festival season, giving State governments more resources to meet development and expenditure requirements.
Source BusinessLine
Practice MCQs
Q1 How much additional tax devolution did the Centre release to States?
- A₹1.09 lakh croreCorrect
- B₹4,504 crore
- C₹10,900 crore
- D₹1.09 crore
Explanation The sources report an additional tax-devolution instalment of ₹1.09 lakh crore to States.
Q2 How much was Karnataka’s additional instalment of tax devolution?
- A₹10,900 crore
- B₹4,504 croreCorrect
- C₹1.09 lakh crore
- D₹450 crore
Explanation The headline reports that Karnataka received an additional instalment of ₹4,504 crore.
Centre Extends Customs Duty Exemption on Cotton Imports Until December-End
The Centre has extended the customs duty exemption on cotton imports until the end of December, according to a Finance Ministry notification reported by BusinessLine. The earlier deadline was October 31. The exemption had been granted in May this year, The Hindu reported. The extension was welcomed by the textile industry, according to The Hindu’s headline. The reports identify the Finance Ministry as the issuing authority and describe the measure as an extension of the import or customs duty exemption for cotton.
Source The Hindu
Practice MCQs
Q1 Until when was the customs duty exemption on cotton imports extended?
- AEnd of DecemberCorrect
- BOctober 31
- CEnd of November
- DEnd of January
Explanation BusinessLine reports that the exemption was extended until the end of December.
Q2 Which ministry issued the notification extending the exemption?
- AFinance MinistryCorrect
- BTextiles Ministry
- CAgriculture Ministry
- DCommerce Ministry
Explanation The reports identify the Finance Ministry as the issuer of the notification.
Policybazaar Agent Business May Evolve Under Irdai Draft Rules
Policybazaar’s agent business may need to change in response to Irdai’s draft rules, according to PB Fintech CEO Yashish Dahiya. He said the business could continue if it evolved into a different form, giving a services player as a possible example. The source does not specify the draft rules’ provisions or the changes they may require. The development concerns the possible future form of Policybazaar’s agent business under the draft regulatory framework.
Source Livemint
Practice MCQs
Q1 Who commented on the possible need for Policybazaar’s agent business to change under Irdai’s draft rules?
- AYashish DahiyaCorrect
- BPolicybazaar
- CIrdai
- DPB Fintech
Explanation The source identifies PB Fintech CEO Yashish Dahiya as the person who made the comment.
Q2 What possible form did Yashish Dahiya mention for the business to continue?
- AA services playerCorrect
- BAn insurer
- CA regulator
- DA bank
Explanation Dahiya said the business could carry on if it evolved into something different, such as a services player.
India Scraps Petrol Export Duty for a Fortnight, Raises Diesel and ATF Levies
India scrapped the export duty on petrol for a fortnight beginning October 31, according to the report. At the same time, it raised levies on diesel and aviation turbine fuel (ATF). The report identifies the affected products and the duration of the petrol-duty change, but does not specify the revised levy amounts. The measure described is limited to these duty and levy changes; no further details are provided in the source.
Source Livemint
Practice MCQs
Q1 For how long did India scrap the export duty on petrol?
- AA fortnightCorrect
- BOne month
- COne week
- DOne year
Explanation The source says the export duty on petrol was scrapped for a fortnight.
Sports
Simon Harmer Leads South Africa to Test Series Victory Over Australia
South Africa defeated Australia in the third Test to claim the series 2-1, after falling 1-0 behind. It was the first Test series between the teams in South Africa since the ‘Sandpapergate’ scandal in 2018. Simon Harmer was central to the series win, finishing the match with figures of 10 for 120. This was his first 10-wicket haul in Tests. In the second innings, Harmer’s figures were 21.1 overs, 14 maidens, 16 runs and six wickets.
Source The Hindu
Practice MCQs
Q1 What was South Africa’s final series result against Australia?
- A2-1Correct
- B1-0
- C10 for 120
- D21.1-14-16-6
Explanation South Africa won the series 2-1 after falling 1-0 behind.
Q2 What were Simon Harmer’s match figures in the third Test?
- A10 for 120Correct
- B21.1-14-16-6
- C2-1
- D1-0
Explanation Harmer finished with match figures of 10 for 120; 21.1-14-16-6 were his second-innings figures.
Tamil Nadu
Tamil Nadu Government Raises Dearness Allowance From 60% to 63%
The Tamil Nadu government has raised dearness allowance (DA) for its employees from 60% to 63%. A total of 16 lakh people will benefit from the increase. The beneficiaries include government employees, teachers, pensioners and family pensioners. The report, published on October 31, 2026, gives the revised DA rates and the total number of beneficiaries. It does not specify further details about the effective date or the financial outlay for the increase.
Source The Hindu
Practice MCQs
Q1 From what rate to what rate did the Tamil Nadu government raise DA?
- A55% to 58%
- B60% to 63%Correct
- C63% to 66%
- D50% to 53%
Explanation The report states that DA was raised from 60% to 63%.
Q2 How many people will benefit from the DA increase?
- A16 lakhCorrect
- B12 lakh
- C20 lakh
- D8 lakh
Explanation The report says a total of 16 lakh people will benefit.
S. Natarajan Named Tamil Nadu Chief Information Commissioner
A report dated 30 October 2026 names retired IAS officer S. Natarajan as Tamil Nadu’s Chief Information Commissioner. It also reports the appointment of S. Mahalakshmi, T.K. Shabeer, C.B. Meena and P. Mahalingam as State Information Commissioners. The report identifies Natarajan’s former service as an IAS officer and distinguishes his Chief Information Commissioner post from the four State Information Commissioner appointments. It provides no further details about the appointments.
Source The Hindu
Practice MCQs
Q1 Who was named Tamil Nadu Chief Information Commissioner?
- AS. NatarajanCorrect
- BS. Mahalakshmi
- CT.K. Shabeer
- DC.B. Meena
Explanation The report names retired IAS officer S. Natarajan as Tamil Nadu Chief Information Commissioner.
Q2 Which group was reported as appointed State Information Commissioners?
- AS. Mahalakshmi, T.K. Shabeer, C.B. Meena and P. MahalingamCorrect
- BS. Natarajan, T.K. Shabeer, C.B. Meena and P. Mahalingam
- CS. Mahalakshmi, S. Natarajan, C.B. Meena and P. Mahalingam
- DS. Mahalakshmi, T.K. Shabeer, S. Natarajan and P. Mahalingam
Explanation The report lists S. Mahalakshmi, T.K. Shabeer, C.B. Meena and P. Mahalingam as State Information Commissioners.
Madras High Court Appoints Management Board for Chidambaram Temple
The Madras High Court ruled that the Podhu Dikshidars had maladministered the Chidambaram Sabanayagar Temple and appointed a Board of Management. Justices G. Jayachandran and E. Manoharan ordered that retired High Court judges V. Bharathidasan and R. Suresh Kumar serve as the board’s chair and co-chair, respectively. The report identifies the temple, the ruling, the board’s appointment and its two designated leaders; it does not provide further details about the board’s composition or mandate.
Source The Hindu
Practice MCQs
Q1 Which court appointed a Board of Management for the Chidambaram Sabanayagar Temple?
- AMadras High CourtCorrect
- BSupreme Court of India
- CDelhi High Court
- DKerala High Court
Explanation The source reports that the Madras High Court appointed the Board of Management.
Q2 Who was ordered to serve as chair of the Board of Management?
- AG. Jayachandran
- BE. Manoharan
- CV. BharathidasanCorrect
- DR. Suresh Kumar
Explanation Retired High Court judge V. Bharathidasan was designated chair; R. Suresh Kumar was designated co-chair.
International
UN Commission Says Israeli Forces Committed Crimes After Gaza Ceasefire
A UN Commission said Israeli forces committed war crimes and genocide even after the Gaza ceasefire. Justice Srinivasan Muralidhar said Israeli forces continued expanding their territorial control in Gaza. He said Palestinian civilians, including children, were killed or injured when they approached or crossed the Yellow Line. The Yellow Line separates the Israel-military-controlled parts of Gaza from the Palestine-ruled parts of the enclave.
Source The Hindu
Practice MCQs
Q1 Who said Israeli forces continued expanding their territorial control in Gaza?
- AJustice Srinivasan MuralidharCorrect
- BThe UN Commission chair
- CA Palestinian civilian
- DAn Israeli military spokesperson
Explanation The source attributes the statement to Justice Srinivasan Muralidhar.
Q2 What does the Yellow Line separate in Gaza, according to the source?
- AIsrael-military-controlled parts from Palestine-ruled partsCorrect
- BGaza from the West Bank
- CThe Gaza Strip from Israel
- DCivilian areas from agricultural areas
Explanation The source describes the Yellow Line as separating Israel-military-controlled Gaza from the Palestine-ruled parts of the enclave.
Science & Tech
TRAI Proposes AI Policies and Incident Reporting Rules for Telecom Operators
The Telecom Regulatory Authority of India (TRAI) has floated draft guidelines titled ‘Guidelines on Responsible Use of AI in Telecommunication Networks and Provision of Telecommunication Services’ for stakeholders’ comments. The proposal, as described in the headline, includes board-approved AI policies and mandatory reporting by telecom companies of serious incidents. The source does not specify the proposed guidelines’ implementation timeline or define which incidents would qualify as serious.
Source The Hindu
Practice MCQs
Q1 Which regulator floated the draft guidelines on responsible AI use in telecommunications?
- ATRAICorrect
- BRBI
- CSEBI
- DIRDAI
Explanation The source states that TRAI floated the draft guidelines.
Q2 What did the proposal include, according to the headline?
- ABoard-approved AI policies and mandatory reporting of serious incidents by telecom companiesCorrect
- BA ban on AI in telecommunication networks
- CMandatory reporting of all customer complaints to courts
- DA licensing system for AI developers
Explanation The headline identifies board-approved AI policies and mandatory reporting of serious incidents by telecom companies.
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