DAILY NEWS WRAP | 13 NOVEMBER 2026
Ten stories from 11 and 12 November 2026 that a CLAT, UPSC or SSC aspirant can revise from: October retail inflation crossing the RBI’s upper limit, the Infosys Prize 2026, the Prime Minister’s visit to Manila for the ASEAN-India Summit, a new deep-sea shark species, 22 bids for battery manufacturing capacity, a change at the top of Tata Investment, Swachh Survekshan results, a reported RBI proposal on overseas remittances, a roadmap on river sand mining and a change of CEO at Nvidia.
1. Retail Inflation at 6.09% Breaches RBI’s Upper Limit
Government data released on 12 November 2026 show that CPI-based retail inflation rose to 6.09% in October 2026 from 5.54% in September. This breached the 6% upper bound of the flexible inflation target for the first time since October 2024 (6.2%). Food inflation rose to 8.94% from 7.74%, with onion prices leading. The RBI targets inflation of 4% with a band of 2% higher or lower. In October the Monetary Policy Committee had raised the repo rate by 25 basis points to 5.5%.
2. Infosys Prize 2026 Announced in Six Categories
The Infosys Science Foundation on 12 November 2026 announced the Infosys Prize 2026 winners in six categories: Economics, Engineering and Computer Science, Humanities and Social Sciences, Life Sciences, Mathematical Sciences and Physical Sciences. Each prize carries a gold medal, a citation and $100,000. Since 2024 the prize honours researchers under the age of 40. This year 222 applications were received, against 150 last year; the Mathematical Sciences prize went to Riddhipratim Basu of ICTS-TIFR, Bengaluru.
3. Prime Minister to Attend 23rd ASEAN-India Summit in Manila
The Prime Minister will travel to Manila from 16 to 18 November 2026 to attend the 23rd ASEAN-India Summit and the 21st East Asia Summit, the Ministry of External Affairs said. The Philippines hosts the summits as the current chair of the 11-member ASEAN. Maritime security cooperation and trade and investment ties are expected to be the focus.
4. New Deep-Sea Shark Species: the Indian Bramble Shark
Scientists from the Zoological Survey of India (ZSI) and ICAR-CMFRI identified Echinorhinus roinee, the Indian Bramble Shark, as a distinct species. For decades it had been recorded as the Atlantic bramble shark (Echinorhinus brucus); DNA tests confirmed the difference. Specimens came from Sakthikulangara Fishing Harbour in Kollam, Kerala. It lives at depths of 350 to 450 metres and grows up to 3 metres; genetic records suggest it may also occur off Oman, Sri Lanka and Thailand.
5. 22 Bids for 10 GWh of ACC Battery Capacity
The Ministry of Heavy Industries received 22 bids for 10 GWh of Advanced Chemistry Cell (ACC) battery manufacturing capacity, earmarked for grid-scale stationary storage. Bidders include RIL, Vikram Solar, Amara Raja and Exide. The capacity is part of the 50 GWh target of the ACC PLI scheme, approved by the Cabinet in May 2021 with an outlay of ₹18,100 crore.
6. Noel Tata Retires as Tata Investment Chairperson
Noel Tata stepped down as chairperson and director of Tata Investment Corporation at the close of business on 11 November 2026, in line with the Tata Group Governance Guidelines. Bahram Vakil took over as chairperson from 12 November. Mr. Tata had been on the board since 2004 and chairperson since 2010.
7. Navi Mumbai Named India’s Cleanest City
In the Swachh Survekshan awards presented by the President, Navi Mumbai was adjudged India’s cleanest city, with Surat second and Vijayawada third. Among cities with 3 lakh to 10 lakh people, Ujjain was cleanest. Indore, ranked cleanest for the past eight years, was not in the top three this year.
8. RBI Reportedly Proposes Tighter Remittance Limits
The RBI has reportedly proposed to the Finance Ministry tightening the limits of the Liberalised Remittance Scheme (LRS), reportedly capping select overseas remittances at ₹50 lakh. Residents can currently remit up to $250,000 a financial year. The LRS, under FEMA, was introduced by the RBI in 2004. This is a proposal, not a rule yet.
9. Roadmap to Phase Out Unsustainable River Sand Mining
The Supreme Court-appointed Central Empowered Committee (CEC) suggested a time-bound roadmap to phase out unsustainable sand extraction from active river channels over three years, and recommended alternatives such as desiltation of dams and recycling of construction and demolition waste. The CEC, formed in 2002, has been a statutory body since 2023. Its report came in a suo motu case on illegal sand mining in the National Chambal Sanctuary.
10. Jensen Huang Steps Down as Nvidia CEO
Jensen Huang resigned as chief executive of Nvidia on 12 November 2026, ending a 33-year run at the company he co-founded. Chief financial officer Colette Kress will serve as interim CEO while the board looks for a permanent replacement.
- Flexible inflation targeting: the RBI targets CPI inflation of 4% with a band of 2% either side (2-6%); the Monetary Policy Committee sets the repo rate.
- FEMA and the LRS: the Liberalised Remittance Scheme was introduced by the RBI in 2004 under the Foreign Exchange Management Act.
- Central Empowered Committee: set up in 2002 on the Supreme Court’s order, a statutory body since 2023.
- National Programme on ACC Battery Storage: a PLI scheme approved in May 2021 with ₹18,100 crore for 50 GWh.
- Zoological Survey of India and ICAR-CMFRI: the national bodies that described the Indian Bramble Shark.
- GK: direct questions on the October CPI figure (6.09%), the RBI target band, the Infosys Prize categories and the 23rd ASEAN-India Summit host.
- Economy passages: why inflation above 6% pushes the MPC towards rate hikes, and what a remittance cap does to dollar outflows.
- Legal Reasoning: a passage on the Supreme Court’s committees (CEC) and suo motu powers in environmental cases.
- Science and environment: taxonomy (genus Echinorhinus) and how DNA tests separate look-alike species.
| Fact | Detail |
|---|---|
| CPI inflation, October 2026 | 6.09% (September: 5.54%) |
| Food inflation, October 2026 | 8.94% |
| RBI target | 4% with a band of +/-2% |
| Infosys Prize 2026 | 6 categories; gold medal, citation, $100,000 |
| Infosys Prize age limit | Under 40 (since 2024) |
| ASEAN-India Summit | 23rd; Manila, 16-18 November 2026 |
| ASEAN chair 2026 | Philippines (11 members) |
| Indian Bramble Shark | Echinorhinus roinee; 350-450 m deep; up to 3 m |
| ACC PLI | ₹18,100 crore; 50 GWh; 22 bids for 10 GWh |
| Cleanest city | Navi Mumbai (Surat 2nd, Vijayawada 3rd) |
“Six-oh-nine crossed the line.” October inflation of 6.09% crossed the 6% top of the RBI’s 4 +/- 2 band, for the first time since October 2024.
Sources
The Hindu, The Indian Express, The Times of India, Rediff (PTI), The Telegraph, BusinessLine.
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