Current Affairs – 15 October 2026
1. National News
India’s Ramsar Sites Reach 103
India added two wetlands to the Ramsar List of Wetlands of International Importance: Sukhna Wetland in Chandigarh and Sauj Jheel in Uttar Pradesh. The additions highlight the importance of protecting biodiversity, water resources and habitats for migratory birds.
India Signs Defence Contracts Worth ₹4,106 Crore
The Ministry of Defence signed contracts worth approximately ₹4,106 crore for GSAT-7C satellite communication capability for the Indian Air Force and Varunastra heavy-weight torpedoes for the Indian Navy. The agreements support indigenous defence technology and secure military communications.
Finance Minister Visits Bangkok
Finance Minister Nirmala Sitharaman began a five-day visit to Bangkok on 15 October to participate in meetings associated with the International Monetary Fund and World Bank.
2. Economy and Banking
Government Announces Windfall Tax on Fuel Exports
The government announced a windfall tax of ₹2.50 per litre on petrol exports and ₹8.50 per litre on diesel exports, effective from 16 October 2026. Such taxes can capture exceptional gains in the energy sector and respond to changing market conditions.
India’s Total Exports Grow by Nearly 11%
India’s combined merchandise and services exports were estimated at US$80.75 billion in September 2026, registering growth of 10.99% compared with September 2025. Cumulative exports for April–September 2026–27 were estimated at US$476.20 billion.
Mutual Funds Restrict Bulk Subscriptions to Gold ETFs
Several major Indian mutual funds suspended bulk subscriptions to gold exchange-traded funds ahead of the festive season, while redemptions remained permitted. The move came amid strong gold demand and concerns about the impact of imports on India's trade balance and currency.
3.Sports News
Sports Ministry Calls for Developing More Champions
Sports Minister Mansukh Mandaviya urged National Sports Federations to strengthen the development of elite athletes following India's fourth-place finish at the 2026 Asian Games. India secured 85 medals: 21 gold, 27 silver and 37 bronze. The review emphasised talent identification, better training and long-term preparation.
International News
European Leaders Discuss Energy Prices and Trade
European Union leaders met in Brussels amid concerns about rising energy prices, trade relations with China and the bloc's long-term budget. Energy security and economic competitiveness remained important issues.
New Bridge Opens Between China and North Korea
A new four-lane bridge connecting China and North Korea opened after years of delays. The infrastructure project is significant for regional connectivity and cross-border economic links.
Important Day – 15 October
10. World Students’ Day
World Students’ Day is observed on 15 October, the birth anniversary of former President of India, Dr. A. P. J. Abdul Kalam. The day celebrates education, curiosity, scientific thinking and the role of students in nation-building.
Dr. Kalam’s life continues to inspire young people to pursue knowledge, discipline, innovation and service to the country.
