Daily Current Affairs 13 October 2026

• President Droupadi Murmu appointed Governors for six States.
• Om Prakash Mathur, previously Governor of Sikkim, was appointed Governor of Keralam.
• Rajendra Vishwanath Arlekar, previously Governor of Keralam, was appointed Governor of Tamil Nadu.
• Braj Mohan Ram was appointed Governor of Odisha.
• Dr. Sudha Yadav was appointed Governor of Karnataka.
• Dr. Dhal Singh Bisen was appointed Governor of Uttarakhand.
• Dushyant Gautam was appointed Governor of Sikkim.
• The appointments take effect from the dates on which the appointees assume charge.

State-wise appointments

Constitutional background

• A Governor is the constitutional head of a State and is appointed by the President of India.

Source: News On AIR report

• The Indian Navy commissioned INS Mangrol (P82) on 12 October 2026 at the Naval Dockyard in Mumbai.
• INS Mangrol is the third vessel in the Mahe-class anti-submarine warfare shallow water craft series.
• The commissioning ceremony was led by Vice Admiral Sanjay Vatsayan, Flag Officer Commanding-in-Chief of the Western Naval Command.
• Cochin Shipyard Limited (CSL), based in Kochi, designed and built the vessel using indigenous technology.
• More than 80% of the warship’s content is indigenous, supporting the Make in India and Aatmanirbhar Bharat initiatives.
• The vessel is designed for coastal and shallow-water operations, including underwater surveillance and low-intensity maritime operations.
• Its sensors, sonar and weapons systems support the detection, tracking and response to underwater threats.
• Three diesel engines power its waterjet propulsion system, suited to manoeuvring in narrow and shallow waters.
• The ship is named after Mangrol, a coastal town and fishing port in Gujarat’s Junagadh district.
• It carries forward the name of the earlier INS Mangrol (M85), a mine-sweeper that served the Navy until April 2004.

Key details

Abbreviations

• ASW-SWC means Anti-Submarine Warfare Shallow Water Craft.
• CSL means Cochin Shipyard Limited; LIMO means Low-Intensity Maritime Operations.

Source: PIB release

• American economists Robert E. Hall and Michael Woodford received the 2026 Nobel Prize in Economics.
• They were recognised for developing macroeconomic models that help policymakers stabilise economies during booms and recessions.
• Their work strengthened the theoretical basis for fiscal and monetary policies.
• The models examine how households and businesses make decisions about spending, saving, investment and pricing.
• Those decisions are analysed with future economic conditions in view.
• The research helps explain how government policies and central-bank signals affect economic activity.
• The Royal Swedish Academy of Sciences announced the award.
• Hall is a professor at Stanford University, while Woodford is a professor at Columbia University.
• The prize carries 12 million Swedish kronor, shared equally between the two laureates.

Laureates and contribution

Source: News On AIR report

• India’s retail inflation rose to 5.54% year-on-year in September 2026, up from 4.83% in August.
• The September reading was above the Reserve Bank of India’s 4% inflation target for the fourth consecutive month that year.
• Rural inflation increased to 6.08%, while urban inflation reached 4.88%.
• Food inflation, measured by the All India Consumer Food Price Index, rose to 7.74% from 5.97% in August.
• The figures were released by the Ministry of Statistics and Programme Implementation.
• Rising prices in food, beverages, transport and intoxicants contributed to the September increase.
• Personal care, social protection, restaurants and accommodation services were also among the reported contributors.
• Onion, silver jewellery, ginger, garlic and lemon were among the items with high inflation.
• Potato, tomato, car, lady’s finger and coconut were among the items with the lowest inflation.

September inflation indicators

Exam background

• The Consumer Price Index is used to track changes in retail prices faced by consumers.

Source: News On AIR report

• The Centre informed the Supreme Court that it had decided to cap trade margins on anti-cancer medicines at 30% of their maximum retail price (MRP).
• The government is to notify the list of cancer drugs covered by the proposed cap.
• The list may be updated periodically to include additional anti-cancer medicines, based on market developments and public-health considerations.
• The proposed list would exclude inexpensive drugs.
• The issue before the Court included the gap between the price paid by retailers and the MRP printed on medicines.
• The Court questioned whether the proposed cancer-drug measure would address wider pricing concerns involving other medicines and medical devices.
• The government’s representative told the Court that cardiac stents were already subject to price caps.
• The matter was listed for a further hearing on 27 October.

Proposal at a glance

Important distinction

• The report described the Centre’s decision and its submission to the Court; the drug list was still to be notified.

Source: News On AIR report

• India was scheduled to host the first BIMSTEC Home Ministers’ Meeting in New Delhi on 13 October 2026.
• Union Home and Cooperation Minister Amit Shah welcomed the Home Ministers and delegations of BIMSTEC member countries.
• The meeting’s stated focus included cooperation against terrorism and transnational organised crime.
• Other shared security concerns included narcotics, radicalisation and trafficking.
• The agenda also covered illicit financial flows and cyber threats.
• The stated aim was stronger coordination towards a safer and more secure BIMSTEC region.
• BIMSTEC is a regional organisation linking countries around the Bay of Bengal.
• BIMSTEC expands to Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.

Meeting details

BIMSTEC background

• BIMSTEC is a regional grouping of Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
• Its Secretariat is located in Dhaka, Bangladesh.

Source: PIB release