Current Affairs

Current Affairs — 9 October 2026

9 October 2026
EN हिं
Economy & Finance

RBI to Authorise Inter-operability Among NBFC-AAs by December 2026

The Reserve Bank of India announced that it will enable inter-operability among Non-Banking Finance Company account aggregators (NBFC-AAs) by December 31, 2026. This transformative move allows individuals to access and share all their financial information through a single, unified platform, enhancing transparency and reducing information asymmetry. Furthermore, the RBI will facilitate SEBI's request to include bank deposit information in consolidated account statements (CAS). The initiative is designed to improve consumer convenience, promote responsible borrowing, foster financial inclusion, and accelerate the growth of digital financial services across the country.

  • RBI will implement inter-operability among NBFC-AAs by December 31, 2026.
  • Individuals can access all financial assets through a single platform.
  • SEBI's request to include bank deposit info in consolidated account statements will be facilitated.
Exam Points
  • Deadline for NBFC-AA inter-operability implementation is December 31, 2026.
  • Announced by RBI Governor Sanjay Malhotra.
  • Covers integration of bank deposit information into consolidated account statements (CAS).
Read more
Environment & EcologyAgriculture

Why Stubble Fires Keep Coming Back Despite Bans and Incentives

Stubble burning remains a persistent environmental challenge in northern India, particularly in Punjab, Haryana, and Uttar Pradesh. Despite strict bans and government-backed financial incentives for machinery, farmers continue the practice due to a short harvest window between paddy and the next crop, alongside high labor costs and limited access to affordable alternatives. The Commission for Air Quality Management (CAQM) emphasizes that stubble burning degrades air quality, harms soil health, and threatens biodiversity. Experts advocate for a multi-pronged approach combining stricter enforcement, expanded access to affordable agricultural machinery, and promotion of crop diversification and sustainable farming practices.

  • Stubble burning is driven by a short harvest window, labor shortages, and high machinery costs.
  • The practice severely degrades air quality, increases PM2.5 levels, and harms soil health.
  • Government measures include CAQM enforcement, subsidies for alternatives like Happy Seeder, and awareness campaigns.
Exam Points
  • Commission for Air Quality Management (CAQM) is the primary regulatory body enforcing bans.
  • Key financial incentives include subsidies for in-situ management machinery like Happy Seeder.
  • Affected regions primarily include Punjab, Haryana, and parts of Uttar Pradesh.
Read more

Read it. Retain it. Recall it.

Daily MCQs with explanations, one-line fact cards and topic-wise accuracy. Free on Android, no ads.

Get it on Google Play