UPSC daily current affairs

UPSC daily news summary — 05 October 2026

Key policy developments include tax tribunal rulings on indirect transfers, middle-power diplomatic alignment, and the Reserve Bank's evaluation of polymer banknote technology.

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1 economy Tax Residency Certificate Indirect Transfer Exemption Income Tax Appellate Tribunal (ITAT) granted capital gains tax exemption to an Irish entity on indirect share transfer. GS3

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2 international_relations Middle Power Diplomacy Supply Chain Security Munich… External Affairs Minister advocated for pooling resources among middle powers at the Munich Leaders Meeting 2026. GS2

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3 economy Polymer Banknotes BRBNMPL BOPP Substrate RBI BRBNMPL initiated a tender process to procure polymer substrate for manufacturing lower denomination currency notes. GS3

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4 economy Overseas Mining Assets Acquisition by Steel PSUs The Ministry of Steel has directed public sector enterprises SAIL and NMDC to explore and acquire mineral assets in foreign jurisdictions. GS1 GS3

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5 social_justice Administrative Recognition of Women Farmers in… Maharashtra issued legal and administrative guidelines formally recognising women engaged in agriculture as farmers, independent of land title deeds. GS1 GS3

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