Current Affairs Quiz 10th July 2026 Quiz

Exp. RBI Approves Mahesh Muralidhar Pai as MD & CEO of South Indian Bank

The Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the Managing Director & CEO of South Indian Bank (SIB) for a three-year term, effective October 1, 2026.

P R Seshadri, the present Managing Director and Chief Executive Officer, has been at the helm at SIB since October 1, 2023.

About South Indian Bank

• Founded – 1929
• Headquarters – Thrissur, Kerala
• Chairman – Jose Joseph Kattoor
• MD and CEO – P R Seshadri
• Tagline – Experience Next Generation Banking.

Exp. IMF Appoints Silvana Tenreyro as New Chief Economist and Economic Counsellor

The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new Chief Economist and Economic Counsellor, succeeding Pierre-Olivier Gourinchas.

Silvana Tenreyro is currently a member of IMF Managing Director Kristalina Georgieva’s External Advisory Group and will now lead the IMF’s economic research and policy analysis.

About International Monetary Fund (IMF)

• Founded – 1945
• Headquarters- Washington, D.C.
• Managing Director – Kristalina Georgieva (Bulgaria, 12th)
• First Deputy MD – Gita Gopinath
• Member countries – 190 (Andorra)

Exp. MEA Appoints Sanjeev Jain as India’s Next Ambassador to North Korea

The Ministry of External Affairs (MEA) has appointed Sanjeev Jain as India’s next Ambassador to the Democratic People’s Republic of Korea (DPRK), commonly known as North Korea.

Sanjeev Jain, currently serving as India’s Ambassador to the Republic of Cabo Verde, will succeed Aliawati Longkumer as India’s envoy to North Korea.

Recent Appointments in Foreign

• High Commissioner of India to Malaysia – Somnath Ghosh
• Ambassador of India to the Oman – Prashant Pise
• India’s High Commissioner to Bangladesh – Dinesh Trivedi Appointed
• India’s High Commissioner to the UK – Periasamy Kumaran
• India’s Ambassador to China – Vikram Doraiswami

Exp. New RBI Ombudsman Scheme 2026 Comes into Effect from July 1

The Reserve Bank of India (RBI) has introduced the Reserve Bank–Integrated Ombudsman Scheme (RB-IOS), 2026, effective July 1, 2026, with revised rules to strengthen customer grievance redressal.

Under the new scheme, there is no upper limit on the value of disputes that customers can bring before the RBI Ombudsman against regulated financial entities.

The RBI Ombudsman can award compensation of up to ₹30 lakh for consequential financial loss and up to ₹3 lakh for loss of time, expenses incurred, harassment, or mental anguish suffered by the complainant.

The revised scheme applies to all banks, Non-Banking Financial Companies (NBFCs), non-bank prepaid payment instrument (PPI) issuers, and Credit Information Companies (CICs).

The RBI may appoint one or more Ombudsmen and Deputy Ombudsmen, with appointments generally made for a three-year term.

Exp. IFSCA Approves Punjab & Sind Bank’s IFSC Banking Unit at GIFT City

Punjab & Sind Bank has received a licence from the International Financial Services Centres Authority (IFSCA) to establish an International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, Gandhinagar.

The IFSC Banking Unit (IBU) will provide foreign currency banking, trade finance, and other international financial services to corporates, financial institutions, importers, and global investors.

Exp. IMF Revises India’s FY2026–27 GDP Growth Forecast to 6.4%, Raises FY2027–28 Projection to 6.7%

The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY 2026–27 downward by 0.1 percentage point (10 basis points) to 6.4%, according to its latest World Economic Outlook (WEO).

The IMF has raised India’s GDP growth forecast for FY 2027–28 to 6.7%, indicating stronger medium-term economic growth prospects.

GDP Projection List 2025                                                                               

• IMF – 6.4% (FY26); 6.7% (FY27)
• Goldman Sachs –98% (CY26)
• World Bank – 6.6% (FY27)
• Fitch Rating – 6.4% (FY27)
• OECD – 3% (FY27); 6.4% (FY28)
• ICRA – 6.2%(FY27)

Exp. PM Modi and Indonesian President Prabowo Inaugurate India-Supported Restoration Project at Prambanan Temple

Prime Minister Narendra Modi and Indonesian President Prabowo Subianto jointly inaugurated the India-supported restoration and conservation project at the Prambanan Temple Compounds, a UNESCO World Heritage Site in Indonesia, highlighting the two countries’ shared civilisational heritage.

The initiative reflects the commitment of India and Indonesia to strengthen their Comprehensive Strategic Partnership through cultural diplomacy, heritage conservation, and deeper people-to-people ties.

Exp. Kamarajar Port Becomes India’s Second Major Port with 18-Metre Operational Draft

Kamarajar Port Limited (KPL) has become India’s second major port, after Visakhapatnam Port, to achieve an operational draft of 18 metres, enabling it to handle fully laden Capesize vessels carrying up to 1,70,000 DWT.

The milestone was achieved after the successful completion of the Capital Dredging Phase VI project, executed at a cost of approximately ₹440 crore, making Kamarajar Port a deep-water, Cape Compliant port.

The project deepened the outer approach channel to 23 metres, the inner entrance channel to 22 metres, and increased the berth draft to 18 metres, enhancing the port’s capacity to accommodate some of the world’s largest bulk cargo vessels and strengthening India’s maritime competitiveness.

Exp. Nepal’s Jestha Varna Mahavihar Wins UNESCO Heritage Conservation Award*

Jestha Varna Mahavihar, a 17th-century Buddhist monastery in Lalitpur, Nepal, has received the 2025 UNESCO Asia-Pacific Award for Cultural Heritage Conservation for its successful restoration.

The monastery was damaged in the 2015 Nepal earthquake and later reconstructed with the assistance of the Government of India under its post-earthquake reconstruction programme in Nepal’s cultural heritage sector.

India provided Nepalese Rupees (NPR) 13.78 crore for the reconstruction project, which was carried out in coordination with Nepali authorities and the local community.

Exp. Telangana to Host 8th Khelo India Youth Games 2026 in November

Telangana will host the 8th Khelo India Youth Games 2026, scheduled to be held in November 2026, as announced by Union Minister for Youth Affairs and Sports Dr Mansukh Mandaviya.

The multi-sport grassroots event is expected to witness the participation of over 8,000 athletes, coaches, support staff, and officials, making it one of India’s largest youth sporting events.

About Telangana

• Established – 2 June 2014
• Capital – Hyderabad
• Chief Minister – Revanth Reddy
• Deputy CM – Mallu Bhatti Vikramarka
• Governor – Shiv Pratap Shukla

Exp. Aswath S Becomes India’s 98th Chess Grandmaster

17-year-old Aswath S from Kanyakumari became India’s 98th Grandmaster (GM) after securing his final GM norm at the 2026 Pune International Grandmaster Round Robin.

Aswath earned the title by defeating USA’s FM Kannan Vaidyanathan with the black pieces in the final round, finishing the tournament with 7 points from 9 rounds (6 wins, 2 draws, 1 loss) to secure second place.

He had earlier achieved his first GM norm at the Grenke Open and his second GM norm at the First Saturday GM Round Robin in Budapest, where he also crossed the 2500 FIDE rating mark.

Previous Chess Grand Masters

• 97th Grandmaster – Harshavardhan G.B. (Chennai, Tamil Nadu)
• 96^th Grandmaster – Ethan Vaz (Goa)
• 95^th Grandmaster – Aronya Ghosh (Kolkata, West Bengal)
• 26th Woman Grandmaster – Sarayu Velpula (Warangal, Telangana)
• 94th Grandmaster – Mayank Chakraborty (Guwahati, Assam)

Exp. Tammy Beaumont Announces Retirement

England batter Tammy Beaumont has announced her retirement from international cricket, with her final match set to be the first-ever women’s Test at Lord’s against India.

Beaumont ends her international career with 7,325 runs and 14 centuries, and is only the second woman to score a century in all three international formats (Tests, ODIs, and T20Is).

Recently Retired Players

• Tammy Beaumont (England) – International Cricket
• Stan Wawrinka (Swizerland) – Professional tennis
• Ben Stokes (England) – International Test Cricket
• Kane Williamson (New Zealand) – International cricket
• Vijay Shankar (India) – International Cricket
• Rubel Hossain (Bangladesh) – International Cricket

Exp. 10 July – National Fish Farmers Day

National Fish Farmers Day is observed annually in India on 10 July to honour the contributions of fish farmers and promote the development of the fisheries and aquaculture sector.

The day commemorates the successful induced breeding of Indian Major Carps by Dr. Hiralal Chaudhuri and Dr. K. H. Alikunhi on 10 July 1957, a landmark achievement in Indian aquaculture.

Exp. Amit Garg Appointed NCRB Director

The Appointments Committee of the Cabinet (ACC) has approved the appointment of three senior Indian Police Service (IPS) officers to head key police organisations: Amit Garg as Director of NCRB, Alok Kumar Mittal as Director General of BPR&D, and Sujeet Pandey as Director of SVPNPA.

Amit Garg, a 1993-batch IPS officer of Andhra Pradesh cadre, has been appointed as the Director of the National Crime Records Bureau (NCRB), New Delhi. He will hold the post until October 31, 2027 or until further orders.

Alok Kumar Mittal, a 1993-batch IPS officer of Haryana cadre, has been appointed as the Director General of the Bureau of Police Research and Development (BPR&D) and will continue in the role until his retirement on June 30, 2029.

Sujeet Pandey, a 1994-batch IPS officer of Uttar Pradesh cadre, has been appointed as the Director of Sardar Vallabhbhai Patel National Police Academy (SVPNPA), Hyderabad, and will serve until July 31, 2028.