Daily Current Affairs: 1 October 2026

Daily current affairs for 1 October 2026 cover key regulatory and governance changes, including mandatory Biometric Aadhaar Authentication for subsidised LPG refills, RBI norms on bulk fixed-deposit rate disclosures, and the Registration of Births and Deaths (Amendment) Act, 2026 coming into force.

India

1. Biometric Aadhaar Authentication Becomes Mandatory for Subsidised LPG Refills

Subject: Governance and Welfare Delivery

What Happened

From 1 October 2026, domestic LPG consumers must have completed Biometric Aadhaar Authentication (BAA) to continue booking refills at the regulated selling price while receiving the applicable subsidy. The petroleum ministry announced the authentication condition for subsidised domestic LPG refills.

Key Facts

• Consumers who have already completed BAA do not need to repeat the authentication.
• The requirement does not apply in the same way to every household; it is mainly relevant to subsidised connections that have not yet completed authentication.
• The regulated selling price refers to the applicable controlled price at which eligible subsidised domestic LPG consumers can obtain refills.

Exam Angle

This development links Aadhaar-based authentication with welfare delivery and subsidy targeting. Biometric authentication can be used to verify beneficiaries and reduce the possibility of incorrect or duplicate claims.

Likely Questions: What does BAA stand for? Which ministry announced the authentication condition? What is meant by the regulated selling price?

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2. RBI’s Bulk Fixed-Deposit Rate Disclosure Norms Take Effect

Subject: Economy and Banking Regulation

What Happened

The Reserve Bank of India’s revised framework governing how commercial banks disclose interest rates on bulk fixed deposits took effect on 1 October 2026.

Key Facts

• The framework requires daily publication of bulk-deposit interest rates along with uniformity requirements.
• The new framework does not automatically change interest rates on ordinary retail fixed deposits.
• The ₹3 crore bulk-deposit threshold is not itself a new change from 1 October. The new element is the framework governing rate-setting and disclosure.

Exam Angle

The RBI regulates the banking system and uses disclosure requirements to promote transparency in deposit pricing. Bulk deposits and retail deposits are treated differently because they involve different categories and sizes of depositors.

Likely Questions: Which regulator introduced the framework? When did it take effect? Does it automatically change retail fixed-deposit rates?

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3. Registration of Births and Deaths (Amendment) Act, 2026 Comes Into Force

Subject: Law and Governance

What Happened

The Registration of Births and Deaths (Amendment) Act, 2026 came into force on 1 October 2026. Registrations delayed beyond two years now require judicial approval.

Key Facts

• The amendment tightens the requirements applicable to delayed registration.
• The approval route for late registrations has been changed to require judicial approval when the delay exceeds two years.

Exam Angle

Birth and death records are important legal and administrative documents used for establishing identity, age, family relationships and other official records. Requiring judicial approval for registrations delayed beyond two years introduces an additional legal scrutiny mechanism for late registration.

Likely Questions: What is the name and year of the amending Act? What is the delay threshold beyond which judicial approval is required?

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4. PFRDA’s Revised Charge Structure for NPS and NPS Lite Takes Effect

Subject: Economy and Pension Regulation

What Happened

A revised charge structure for Points of Presence (PoPs) under the National Pension System (NPS) and NPS Lite, issued by the Pension Fund Regulatory and Development Authority (PFRDA), applies from 1 October 2026.

Key Facts

• The revised structure applies to all schemes available under NPS and NPS Lite.
• One report states that it includes a one-time onboarding charge of ₹200 per new Permanent Retirement Account Number (PRAN).

Exam Angle

The PFRDA is the regulator for India’s pension sector. Points of Presence act as service and distribution points for NPS-related activities, while a PRAN is the unique account number assigned to an NPS subscriber.

Likely Questions: What is the full form of PFRDA? What does PoP stand for? What does PRAN stand for? Which pension schemes are covered by the revised charge structure?

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5. Simpler TDS Compliance for Buying Property From a Non-Resident Seller

Subject: Economy and Taxation

What Happened

From 1 October 2026, resident individuals and Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller get a simpler TDS compliance process.

Key Facts

• One report states that the revised system uses the buyer’s PAN.
• The same report identifies new reporting requirements, including Form 141.
• The change concerns compliance when a resident buyer purchases immovable property from a non-resident seller.

Exam Angle

Tax Deducted at Source (TDS) is a mechanism through which tax is collected at the point of certain transactions or payments. Transactions involving non-resident sellers can involve additional compliance requirements, making the reporting framework important for taxpayers.

Likely Questions: Who benefits from the simplified process? What identifier does the buyer use under the reported system?

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6. SBI Cuts Free Other-Bank ATM Transactions for Salary Package Accounts

Subject: Banking

What Happened

From 1 October 2026, the State Bank of India (SBI) reduces the number of free monthly transactions available to Salary Package Account holders at other banks’ ATMs and Automated Deposit-cum-Withdrawal Machines from 10 to five.

Key Facts

• The earlier free limit was 10 transactions per month.
• The revised free limit is five transactions per month.
• Transactions at SBI’s own ATMs remain governed by the existing rules.

Exam Angle

This is a banking and consumer-finance development concerning ATM transaction limits and account-holder charges.

Likely Question: What was the earlier free limit and what is the new monthly limit for transactions at other banks’ ATMs?

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Quick Revision Points

• BAA stands for Biometric Aadhaar Authentication and is required for applicable subsidised domestic LPG refills from 1 October 2026.
• The RBI’s Monetary Policy Committee (MPC) is scheduled to meet from 5 to 7 October 2026, with the repo-rate decision due on 7 October, as reported by one outlet.
• A new UPI merchant discount rate framework for designated person-to-merchant payments above ₹2,000 applies from 15 October 2026.
• PFRDA: Pension Fund Regulatory and Development Authority; PoP: Points of Presence; PRAN: Permanent Retirement Account Number.
• The Registration of Births and Deaths (Amendment) Act, 2026 requires judicial approval for registrations delayed beyond two years.
• The CBDT reportedly extended the tax audit report due date to 21 October 2026 and the final return window to 21 November 2026.
• Asian Games 2026: Aichi-Nagoya, Japan; 19 September to 4 October; India’s 20th consecutive appearance, as reported by one reference source.
• 1 October: International Day of Older Persons. 2 October: Gandhi Jayanti, Lal Bahadur Shastri Jayanti and International Day of Non-Violence.

Closing

The 1 October 2026 developments highlight changes across welfare delivery, banking regulation, civil registration, pension administration, taxation and consumer banking. For competitive examinations, particular attention should be given to the effective dates, regulatory bodies, full forms and key compliance changes.