14 October 2026 · Daily Current Affairs

Banking and RBI

RBI overnight VRRR of 13 October accepts Rs 71,580 crore at 5.49%

13 October 2026 | Reserve Bank of India (Press Release 2026-2027/1317)

The RBI's result for the overnight Variable Rate Reverse Repo (VRRR) auction held on 13 October 2026 showed a notified amount of Rs 1,50,000 crore. Offers of Rs 71,580 crore were received and all were accepted, at a cut-off rate and weighted average rate of 5.49 per cent. Partial acceptance did not arise (Press Release 2026-2027/1317).

The auction had been announced on 12 October 2026 for a window of 09:30 AM to 10:00 AM, with reversal on 14 October 2026.

Exam takeaway: Offers were below the notified amount, so every offer was accepted.

Quick revision: Overnight VRRR 13 Oct: Rs 71,580 crore accepted at 5.49%.

Banking and RBI

RBI OMO sale of 13 October: Rs 25,000 crore accepted against bids of Rs 55,518 crore

13 October 2026 | Reserve Bank of India

The RBI held an Open Market Operation (OMO) sale auction of Government of India securities on 13 October 2026, with an aggregate notified amount of Rs 25,000 crore, announced on 9 October 2026. Participants bid Rs 55,518 crore (face value) and the RBI accepted Rs 25,000 crore, with settlement on 14 October 2026.

Six securities were on offer: 7.88% GS 2030, 6.10% GS 2031, 7.95% GS 2032, 7.26% GS 2033, 7.18% GS 2033 and 7.10% GS 2034. The RBI accepted bids in five of them. The largest acceptance was Rs 9,415 crore in the 7.18% GS 2033 (cut-off yield 7.3947 per cent), and no bid was accepted in the 7.10% GS 2034.

Exam takeaway: An OMO sale is the RBI selling government securities; the notified amount was spread across six securities with no security-wise amount.

Quick revision: OMO sale 13 Oct: Rs 25,000 crore accepted on bids of Rs 55,518 crore.

Economy and Finance

Five years of PM GatiShakti: platform covers 58 Ministries and all 36 States and UTs

13 October 2026 (PIB note dated 12 October) | Press Information Bureau

PIB marked five years of the PM GatiShakti National Master Plan, which was launched on 13 October 2021. It brings data from Ministries, States and Union Territories onto a common GIS-based platform to support integrated infrastructure planning. It now covers 58 Central Ministries and Departments and all 36 States and UTs.

PIB lists seven infrastructure engines: roads, railways, ports, waterways, airports, mass transport and logistics infrastructure. As of 12 October 2026 the platform held over 23,493 data layers, and its public platform offers 230 approved datasets. The note also says the Union Cabinet recently approved the Integrated Transport and Logistics Authority (ITLA), which will prepare a National Transport Master Plan and appraise projects costing Rs 500 crore or more.

Exam takeaway: PM GatiShakti follows a three-tier framework and six principles, including integrated development and last mile connectivity.

Quick revision: PM GatiShakti: five years (launched 13 Oct 2021); 58 Ministries; 36 States/UTs.

Government Schemes

EPFO urges eligible PF Trusts to use the Amnesty window before 28 December

13 October 2026 | Press Information Bureau (EPFO)

PIB said the Employees' Provident Fund Organisation (EPFO) has stepped up a nationwide drive and reminded eligible establishments of the Amnesty window under the EPF Scheme 2026, which was notified on 29 June 2026. Amnesty is a one-time chance to regularise the exemption status of Provident Fund Trusts that are recognised under the Income Tax Act, 1961 but have no formal exemption order under section 17 of the EPF&MP Act, 1952 or section 143 of the Code on Social Security, 2020.

The window is open for six months from notification and expires on 28 December 2026. Operational guidelines were issued in a circular of 11 July 2026. Benefits include retrospective regularisation of exempt status and waivers of requirements under the Code on Social Security such as minimum employee headcount, corpus size and the 3-year compliance rule.

Exam takeaway: The Amnesty covers PF Trusts recognised by the Income Tax Department but lacking a formal EPFO exemption order.

Quick revision: EPFO Amnesty: window closes 28 Dec 2026; EPF Scheme 2026 notified 29 Jun 2026.

Government Schemes

NH-22 Muzaffarpur-Sitamarhi-Sonbarsa four-laning: PIB feature on the Bihar project

13 October 2026 (CCEA approval was in August 2026) | Press Information Bureau

A PIB feature of 13 October 2026 describes the four-laning of the 82.57-km Muzaffarpur-Sitamarhi-Sonbarsa section of National Highway-22 in Bihar. The Cabinet Committee on Economic Affairs approved it in August 2026 at a total capital cost of Rs 3,590.73 crore under the Hybrid Annuity Mode.

The corridor links Muzaffarpur with Sonbarsa on the India-Nepal border and supports cross-border cargo through the Bhithamore Land Port. It is designed for 100 kmph and includes seven major bridges (one of 340 metres over the Bagmati), three railway overbridges and two flyovers. It is planned under the PM GatiShakti National Master Plan and connects five economic nodes.

Exam takeaway: HAM is the Hybrid Annuity Mode used for the project; the feature links it to PM GatiShakti planning.

Quick revision: NH-22 Bihar: 82.57 km, Rs 3,590.73 crore (CCEA, Aug 2026).

National and International Affairs

India hosts first BIMSTEC Home Ministers' Meeting in New Delhi on 13 October

12 October 2026 (advance post; meeting scheduled 13 October) | Press Information Bureau (Ministry of Home Affairs)

In a post on X on 12 October 2026, reported by PIB, Union Home Minister and Minister of Cooperation Amit Shah said India is honored to host the First BIMSTEC Home Ministers' Meeting in New Delhi on 13 October 2026, and welcomed the Home Ministers and member state delegations.

He said the meeting reflects shared resolve to combat terrorism, transnational organised crime, narcotics, radicalisation, trafficking, illicit financial flows and cyber threats. This note is based on the advance announcement; the outcome was not read.

Exam takeaway: BIMSTEC is the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.

Quick revision: BIMSTEC Home Ministers' first meeting: New Delhi, 13 Oct (announced).

Today's Scheme

Atal Pension Yojana (APY)

Department of Financial Services, Ministry of Finance

APY is a voluntary pension scheme for workers in the unorganised sector. It provides a defined pension that depends on the contribution and its period.

Subscribers receive a fixed minimum pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 or Rs 5,000 per month at the age of 60, depending on their contributions, which are based on the age of joining. The minimum age of joining is 18 years and the maximum is 40 years, so contributions run for at least 20 years.

A citizen of India aged 18 to 40 with a savings bank or post office savings account can join. From 1 October 2022, however, any citizen who is or has been an income-tax payer is not eligible to open a new APY account (Department of Financial Services notification of 10 August 2022, as stated by PFRDA). Contributions are made monthly, quarterly or half-yearly through auto-debit, and a nominee is mandatory. A subscriber can have only one APY account.

The Central Government guarantees the minimum pension: if the corpus earns less than estimated, the Government funds the shortfall, and if returns are higher, subscribers get enhanced benefits. Late contributions attract overdue interest of Rs 1 per month for every Rs 100 or part thereof.

Exam takeaway: APY pays a guaranteed Rs 1,000 to Rs 5,000 monthly pension from age 60 (join at 18 to 40; income-tax payers cannot join from 1 Oct 2022); PMJJBY and PMSBY are the insurance schemes.