November 2, 2026

Daily Sarkari Current Affairs & GK Capsule – 2 November 2026

Cabinet clears PM-Vidyalaxmi Scheme for collateral-free education loans up to ₹7.5 Lakh in NIRF institutions, ISRO launches Project NETRA 2.0 space situational radar network, October GST revenue hits ₹1.87 Lakh Crore, Navy commissions ASW craft INS Arnala, and MP-Rajasthan advance ERCP river linking accord.

6 High-Yield Exam Topics10 Practice MCQs Included

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Today's High-Yield Exam Capsules

🎓National

Topic #1

Union Cabinet Clears 'PM-Vidyalaxmi' Scheme for Collateral-Free Higher Education Loans

Provides 100% collateral-free and guarantor-free digital loans up to ₹7.5 lakh with 3% interest subvention for students from families with income up to ₹8 lakh.
Applicable to students admitted into top 860 Higher Education Institutions (HEIs) recognized in NIRF overall, category-specific, and domain rankings.
Static GK Link: Article 21A was inserted into the Indian Constitution by the 86th Constitutional Amendment Act, 2002 to make education a Fundamental Right for children aged 6 to 14.
NIRF Context: National Institutional Ranking Framework (NIRF) was launched by the Ministry of Education in September 2015.

🎯 Exam Target: UPSC CSE (Social Justice & Governance), IBPS PO/Clerk, SSC CGL, State PSC Group 1 & 2

🔭National

Topic #2

ISRO and DST Operationalize 'Project NETRA 2.0' Optical and Radar Space Tracking Network

Project NETRA (Network for space object Tracking and Analysis) deploys high-precision radar and optical telescope sensors at Hanle (Ladakh) and Ponmudi (Kerala).
Crucial for Space Situational Awareness (SSA), protecting active Indian satellites and the upcoming Gaganyaan human spaceflight mission from orbiting space debris.
Static GK Link: ISRO was founded on August 15, 1969 with headquarters in Bengaluru, Karnataka. First Chairman was Dr. Vikram Sarabhai.
Astronomy Fact: Hanle in Ladakh is India's first designated Dark Sky Reserve, situated at an altitude of over 4,500 meters.

🎯 Exam Target: UPSC CSE (Science & Tech), ISRO Assistant, State PSCs, SSC CGL

📊Economy

Topic #3

India's Gross GST Revenue Mints ₹1.87 Lakh Crore in October 2026 with 8.9% YoY Expansion

Gross Goods and Services Tax (GST) collections reached ₹1,87,346 crore in October 2026, marking the second-highest monthly collection in history.
Domestic transactions grew by 10.6% to ₹1.42 lakh crore, while imports generated ₹45,346 crore.
Static GK Link: GST was rolled out in India on July 1, 2017 following the passage of the 101st Constitutional Amendment Act, 2016.
Constitutional Article: Article 279A provides for the constitution of the GST Council, chaired by the Union Finance Minister.

🎯 Exam Target: IBPS PO / SBI Clerk, SSC CGL (Finance & Economics), State PSC Commercial Tax Officer

⚓Defense

Topic #4

Indian Navy Inducts First Indigenous ASW Shallow Water Craft INS 'Arnala'

Built indigenously by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, INS Arnala is the lead ship of the 16 Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) project.
Equipped with advanced sonars, lightweight torpedoes, and anti-submarine rockets designed for coastal underwater surveillance and minelaying operations.
Static GK Link: Named after the historic Arnala Island fort built off the coast of Vasai/Palghar by Chhatrapati Shivaji Maharaj in Maharashtra.
Navy Day: Celebrated on December 4 annually to commemorate Operation Trident during the 1971 Indo-Pak war.

🎯 Exam Target: UPSC CDS, NDA, Indian Navy SSR/MR, AFCAT, CAPF AC

🌊State PSC

Topic #5

Madhya Pradesh & Rajasthan Formally Advance Parbati-Kalisindh-Chambal (PKC) ERCP Link

The inter-state agreement links the Chambal river basin with Parbati and Kalisindh tributaries, integrating with the Eastern Rajasthan Canal Project (ERCP).
Provides drinking water to 13 districts of Eastern Rajasthan and irrigation to 2.8 lakh hectares in the Chambal-Malwa belt of Madhya Pradesh.
Static GK Link: Second major inter-state river link sanctioned under the National Perspective Plan after Ken-Betwa link.
Constitutional Nexus: Article 262 empowers the Parliament to adjudicate disputes relating to waters of inter-state rivers and river valleys.

🎯 Exam Target: RPSC RAS, MPPSC State Service, UPSC CSE (Geography & Water Resources)

🏸Sports

Topic #6

Indian Shuttlers Secure Historic Podium Finishes at BWF World Junior Championships 2026

Indian junior badminton prodigies Ayush Shetty and Unnati Hooda secured singles bronze and silver medals at the BWF World Junior Championships.
India finished in the top 4 in the mixed team relay format, continuing its dominant resurgence in global junior circuit tournaments.
Static GK Link: Badminton World Federation (BWF) was founded in 1934 and is headquartered in Kuala Lumpur, Malaysia.
Milestone: Prakash Padukone became the first Indian to win the All England Open Badminton Championships in 1980.

🎯 Exam Target: SSC CGL / CHSL, Railway NTPC, Banking GA, State Police SI

Daily Practice Evaluation

Test Your Recall: Daily GK Quiz

Answer all 5 questions based on today's news to lock in facts for exams.

Question 1 of 10

Under the PM-Vidyalaxmi Scheme cleared by the Union Cabinet, collateral-free loans are provided for higher education in institutions ranked under:

Question 2 of 10

By which Constitutional Amendment Act was Article 21A inserted into the Constitution of India, making free education a Fundamental Right?

Question 3 of 10

What is the primary operational mission of ISRO's 'Project NETRA'?

Question 4 of 10

India's first designated Dark Sky Reserve, renowned for astronomical observation, is situated in which region?

Question 5 of 10

Which Article of the Constitution of India provides for the establishment and powers of the GST Council?

Question 6 of 10

Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) INS 'Arnala' was indigenously built by which premier Indian shipyard?

Question 7 of 10

Indian Navy Day is commemorated every year on December 4 to honor which decisive naval operation of 1971?

Question 8 of 10

The Parbati-Kalisindh-Chambal (PKC) inter-state river link accord facilitates water sharing between which two Indian states?

Question 9 of 10

Under Article 262 of the Constitution of India, which authority has the exclusive power to legislate for the adjudication of inter-state river disputes?

Question 10 of 10

Where is the global headquarters of the Badminton World Federation (BWF) situated?

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