International Day of the Girl Child | 11 October

International Day of the Girl Child is observed annually on 11 October to recognize girls' rights and the unique challenges they face worldwide.

This year’s theme was developed through consultations with girls, girls’ organizations and girl-led networks as well as civil society organizations and United Nations partners. Together, they called for urgent action to end child marriage and invest in girls’ rights – our 2026 theme.

Every girl deserves a childhood. Every girl deserves the freedom to learn, to grow, to make her own choices and to define her own future. Yet millions of girls are still denied that freedom.

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World Mental Health Day | 10 October

World Mental Health Day is observed annually on October 10 to raise global awareness, mobilize support, and improve care.

The overall objective of World Mental Health Day is to raise awareness of mental health issues around the world and to mobilize efforts in support of mental health.

The Day provides an opportunity for all stakeholders working on mental health issues to talk about their work, and what more needs to be done to make mental health care a reality for people worldwide.

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World Migratory Bird Day | 10 October

World Migratory Bird Day 2026 is observed on October 10 organized globally.

The theme for 2026: “Every Bird Counts – Your Observations Matter!” highlighting the important role of community science (also referred to as citizen science) for the conservation of migratory birds.

The 2026 campaign shines a spotlight on people-driven efforts that are essential for bird conservation and science, celebrating how individuals, communities, and organizations around the world are helping to build the knowledge base to better conserve migratory birds across borders.

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World Post Day | 9 October

World Post Day is celebrated each year on 9 October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern. It was declared World Post Day by the UPU Congress held in Tokyo, Japan in 1969. Since then, countries across the world participate annually in the celebrations. The Posts in many countries use the event to introduce or promote new postal products and services.

Under the theme “World Post Day: One postal network, infinite possibilities”, this year’s campaign celebrates the strength of a united global postal network and the many possibilities it creates for people, businesses and communities. From connecting individuals to delivering essential services, the Post continues to open doors to opportunities around the world.

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Fifth Kautilya Economic Conclave (KEC 2026) with the theme ‘Resilience in an Age of Flux’ concludes successfully in New Delhi

The Institute of Economic Growth (IEG), in partnership with the Ministry of Finance, Government of India, successfully concluded the Fifth Kautilya Economic Conclave (KEC 2026), held from 3–5 October 2026 in New Delhi under the theme “Resilience in an Age of Flux.” The three-day Conclave brought together more than 200 policymakers, economists, academics, financial experts and international thought leaders, including over 80 international participants from around 30 countries, for high-level discussions on contemporary economic and policy challenges.

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Fifth Kautilya Economic Conclave (KEC 2026) with the theme ‘Resilience in an Age of Flux’ concludes successfully in New Delhi

A key highlight of KEC 2026 was the Special Plenary on “Resilience in an Age of Flux: India’s Economic Priorities,” addressed by Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, with Ms. Amélie de Montchalin, President of the Cour des Comptes, France, as discussant.

Technology and the digital economy formed another important strand of KEC 2026. Shri Jyotiraditya M. Scindia, Union Minister for Communications and Minister for Development of North Eastern Region, delivered the keynote address on “Connected India, Empowered Finance: Building Trusted Digital Infrastructure for the AI Economy.”

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Launch Of Next Generation Offshore Patrol Vessel (Yard 3040, Shreyas) At M/S Grse, Kolkata

Yard 3040 (Shreyas), Next Generation Offshore Patrol Vessel (NGOPV), was launched at M/s GRSE, Kolkata, on 10 Oct 2026 by Mrs Reyman Kochhar, in the presence of VAdm Ajay Kochhar, Vice Chief of the Naval Staff. The event reflected the rich traditions and ethos of the Indian Navy. Senior dignitaries from the Indian Navy, Ministry of Defence, GRSE and Industry Partners attended the occasion.

The construction of NGOPVs is concurrently being undertaken at two shipyards (GSL, Goa & GRSE, Kolkata). These indigenously designed and built ships will augment the existing OPVs/ NOPVs for multi-domain operations, such as maritime surveillance, search & rescue, protection of offshore assets, HADR and anti-piracy missions.

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Launch Of Next Generation Offshore Patrol Vessel (Yard 3040, Shreyas) At M/S Grse, Kolkata

These ships derive their names from India’s rich heritage, with this ship being named as ‘Shreyas’, meaning ‘Best’ or ‘Most Excellent’ in Sanskrit.

The launch marks yet another significant milestone in Indian Navy’s pursuit towards indigenous shipbuilding and is in consonance with Government of India’s vision of ‘Aatmanirbhar Bharat’ and ‘Make in India’ initiatives.

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Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY)

India’s agriculture sector has significant potential across diverse regions and farming communities. However, despite rich potential, many areas face challenges like low productivity, inadequate irrigation, limited access to credit, and lack of post-harvest infrastructure. As a result, these areas are not able to attain their full agricultural potential and lag behind in economic development.

PM Dhan-Dhaanya Krishi Yojana (PMDDKY) seeks to address these gaps, and develop 100 Aspirational Agricultural Districts through focused intervention. By addressing district-specific needs the scheme can help unlock opportunities in productivity, irrigation, credit access, and post-harvest infrastructure.

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Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY)

PMDDKY was approved by the Union Cabinet on 16th July, 2025 for a period of six years, and was formally launched by Hon’ble Prime Minister on 11th October, 2025. It celebrates its first anniversary on 11th October this year.

The six-year initiative, beginning with 2025-26, focuses on transforming agriculture and allied activities across 100 Aspirational Agricultural Districts. These districts were identified using three key indicators: low productivity, low cropping intensity, and less agricultural credit disbursement. The selection also considered the share of net cropped area and operational holdings in each State and Union Territory. Each State has at least one selected district.

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IITM Pune Hosts "The APARC Early Career Workshop" and Curtain-Raiser for ESTIC

The Indian Institute of Tropical Meteorology (IITM) Pune hosted the Early Career Researcher (ECR) Workshop titled "The ECR Nexus: Connecting Voices, Tools, and Science to Society" today, at the Meghdoot Hall. The event served as a curtain-raiser for the Emerging Science, Technology and Innovation Conclave (ESTIC).

The address underscored the Ministry's ongoing commitment to advancing critical scientific frontiers and creating collaborative platforms for researchers, policymakers, and industry leaders.

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IITM Pune Hosts "The APARC Early Career Workshop" and Curtain-Raiser for ESTIC

About ESTIC :The Emerging Science, Technology, and Innovation Conclave (ESTIC) is India's premier science, technology, and innovation platform. It brings together government ministries, policymakers, top scientists, academic institutions, industry leaders, and deep-tech startups to foster cross-sector collaboration and showcase cutting-edge research and promotes innovative solutions to national challenges, driving India towards its goal of Viksit Bharat 2047.

ESTIC 2026 guided by the vision of “Creative Minds, Catalyzing Science, Empowering Technologies.”

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IITM Pune Hosts "The APARC Early Career Workshop" and Curtain-Raiser for ESTIC

About APARC Early Career Researcher (ECR) Workshop 2026 :

The APARC Early Career Researcher (ECR) Workshop 2026, titled “The ECR Nexus: Connecting Voices, Tools, and Science to Society,” was organised on 11 October 2026 at IITM, Pune, ahead of the APARC General Assembly 2026.

Around 120 national and international participants took part in the workshop, bringing together Early Career Researchers, senior scientists, experts, editors, and professionals from different scientific and institutional backgrounds.The Program was sponsored by the Minitry of Earth Sciences, WCRP, WMO, APARC, Foreschengszentrum Julich, Germany, IAMAS, ICMA, NASA, and private partners.

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India’s Mission for Aatmanirbharta in Pulses

India is the world's largest producer of pulses, a globally important, protein-rich food crop. Pulses contain 20-25% protein, more than double that of wheat and nearly three times that of rice. Pulses contribute significantly to India's agricultural exports and remain a vital part of Indian diets, ensuring nutritional security. Recognising this importance, the government launched the 'Mission for Aatmanirbharta in Pulses' on October 11, 2025. As the nation observes the first anniversary of the Mission’s launch on October 11, this landmark initiative continues its momentum, backed by a financial allocation of Rs.11,440 crore spanning 2025–26 to 2030–31. The Mission seeks to achieve self-sufficiency in pulses production.

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India’s Mission for Aatmanirbharta in Pulses

It focuses on boosting domestic production, reducing import dependence, and enhancing farmers' income through a comprehensive value-chain approach.

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TDB-DST signs agreement with Peptris for Rs.86 crore RDI support to accelerate AI-driven drug discovery and development

In a significant step towards accelerating the development of next-generation therapeutics through artificial intelligence, the Technology Development Board (TDB), Department of Science & Technology (DST), Government of India, has signed an agreement with Peptris Technologies Private Limited, Bengaluru, Karnataka for financial support of Rs.86 crore under the Research Development and Innovation (RDI) Fund.

The project, titled VIGOR: Advancing AI-Discovered Molecules from Bench to Clinic, has a total project cost of Rs.172 crore. It aims to advance four drug candidates from Technology Readiness Level (TRL)-4 to TRL-6 through preclinical development, validation and preparation for clinical trials. The financial support will be provided through Optionally Convertible Debt (OCD).

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TDB-DST signs agreement with Peptris for Rs.86 crore RDI support to accelerate AI-driven drug discovery and development

Peptris’ VIGOR programme seeks to address this critical transition by leveraging its proprietary AI-driven drug discovery platform to advance a portfolio of molecules towards clinical development. The programme focuses on therapeutic areas with significant unmet medical needs, with an emphasis on identifying and developing novel therapies through a combination of computational capabilities, scientific validation and established drug-development processes.

The programme covers four drug candidates: PEPR111, targeting neuromuscular disorders and oncology; PEPRX101, focused on alopecia; PEPR202, targeting neuropathy; and PEPR112, focused on DMD.

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TDB-DST signs agreement with Peptris for Rs.86 crore RDI support to accelerate AI-driven drug discovery and development

Each candidate is currently positioned at TRL-4, with the project targeting advancement to TRL-6. The development programme envisages a structured progression over three years, encompassing advanced preclinical and investigational new drug (IND)-enabling studies, formulation development, clinical trial preparation and initiation activities, subject to the relevant scientific and regulatory requirements.

The VIGOR programme is designed to build on Peptris’ AI-based drug discovery capabilities and its existing platform experience to accelerate the development of novel therapeutic candidates. The approach combines AI-enabled discovery with established drug-development expertise, including the use of global contract research organisation (CRO) networks to support development and validation.

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TDB-DST signs agreement with Peptris for Rs.86 crore RDI support to accelerate AI-driven drug discovery and development

By supporting the advancement of multiple candidates within a coordinated programme, the project seeks to strengthen the translation of AI-led research into potential therapeutic products. Its focus on selected disease areas also reflects the opportunity to direct innovation towards conditions where effective treatment options remain limited.

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Indigenous anti-submarine warfare ship Mangrol commissioned into the Indian Navy

Mangrol, the third Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) built by Cochin Shipyard Limited (CSL), Kochi, was commissioned into the Indian Navy at the Naval Dockyard in Mumbai .

Named after Mangrol, a coastal town and prominent fishing harbour in Gujarat’s Junagadh district, the ship carries forward the legacy of the erstwhile INS Mangrol (M85), a minesweeper that served the Indian Navy until April 7, 2004. The naming of the ship continues the Navy’s tradition of preserving the legacy of its former warships.

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Indigenous anti-submarine warfare ship Mangrol commissioned into the Indian Navy

Built with more than 80 per cent indigenous content, Mangrol reflects India’s growing capabilities in warship design, construction and the integration of advanced weapons and sensors. Constructed by CSL under the government’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives, the ship marks another important step towards self-reliance in defence shipbuilding.

Designed to detect and counter underwater threats in coastal and shallow waters, Mangrol is equipped with modern weapons and sensors, including the Abhay hull-mounted sonar, lightweight torpedoes, an indigenous anti-submarine rocket launcher and the Mareech Advanced Torpedo Decoy System.

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Indigenous anti-submarine warfare ship Mangrol commissioned into the Indian Navy

Powered by three diesel engines with waterjet propulsion, the ship offers high manoeuvrability in shallow waters. It is also capable of undertaking underwater surveillance, low-intensity maritime operations and mine warfare-related tasks.

Mangrol will strengthen the Indian Navy’s anti-submarine warfare capabilities, particularly in coastal waters where larger warships face operational limitations. The ship can operate alongside maritime patrol aircraft, helicopters and other warships to detect and counter submarine threats. Its induction will enhance the Navy’s ability to protect ports, harbours and coastal approaches while supporting wider fleet operations.

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PM Modi Launches Development Projects Worth Rs.13,000 Crore in Tamil Nadu

Prime Minister Narendra Modi inaugurated and laid the foundation stones for a series of development projects worth more than 13,000 crore rupees across Tamil Nadu at an event held at IIT-Madras in Chennai . The projects span road and rail transport, port infrastructure, petroleum and scientific research. Tamil Nadu Chief Minister C. Joseph Vijay was also present on the occasion. The projects include National Highway works worth around 3,700 crore rupees, initiatives at Chennai Port, Kamarajar Port and V. O. Chidambaranar Port, and the development of railway stations under the Amrit Bharat Station Scheme.

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PM Modi Launches Development Projects Worth Rs.13,000 Crore in Tamil Nadu

Addressing the gathering, Prime Minister Modi described the inauguration of projects worth 13-thousand crore rupees in Tamil Nadu as a historic occasion, saying the initiatives will improve connectivity, strengthen industry and trade, and create employment opportunities for the state’s youth. Mr. Modi also dedicated to the nation the Sudha Gopalakrishnan Brain Centre at IIT Madras. The centre is part of a pioneering scientific initiative to map more than 100 human brains and create three-dimensional atlases at cellular resolution. The research will cover the entire human lifespan, from the foetal stage to old age.

The Prime Minister also released C-STROKE, a unique atlas of the human brain affected by ischaemic stroke.

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PM Modi Launches Development Projects Worth Rs.13,000 Crore in Tamil Nadu

Featuring more than 1,000 annotated microscopic sections, the atlas is expected to help researchers worldwide identify new targets for treatment. Mr. Modi inaugurated the Poonamallee-Vadapalani stretch of Phase Two of the Chennai Metro Rail Project, built at a cost of around 4,900 crore rupees. The Prime Minister and Chief Minister C. Joseph Vijay jointly flagged off the new Metro services and travelled on the train. The newly inaugurated stretch is part of Corridor Four of Phase Two. It includes 11 elevated Metro stations spread across approximately 15 kilometres. The projects are aimed at strengthening transport connectivity, improving infrastructure and advancing scientific research in Tamil Nadu.

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Dept of Telecommunications & ITU organise Robotics for Good Youth Challenge India at IMC

The Department of Telecommunications (DoT), under the Ministry of Communications, in collaboration with the International Telecommunication Union (ITU) jointly organised the Robotics for Good Youth Challenge India 2026-2027, at India Mobile Congress (IMC) 2026 in New Delhi. Around 300 students from 13 States and Union Territories showcased their creativity, innovation and problem-solving skills through robotics, bringing technology, collaboration and the spirit of innovation to the forefront.

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Dept of Telecommunications & ITU organise Robotics for Good Youth Challenge India at IMC

Earlier, DoT hosted the Ministerial Programme at the Summit, under the theme “Scale Without Boundaries: Investing in the Next Billion Digital Connections.” Deliberations on strategies to expand meaningful digital connectivity and accelerate investment in next-generation digital infrastructure were also held during the programme. The event highlighted the importance of stronger collaboration among governments, industry and international organisations to mobilise investment, strengthen enabling policy frameworks and expand affordable, reliable, resilient and inclusive digital connectivity.

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Dept of Telecommunications & ITU organise Robotics for Good Youth Challenge India at IMC

Asia’s largest Tech Fest, India Mobile Congress 2026 will conclude in New Delhi. The four day summit, which began on the 7th of this month, is being jointly organized by Department of Telecommunications and the Cellular Operators Association of India (COAI).

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Election Commission sets limits on Form-7 applications to curb bulk filing

The Election Commission has imposed limits on Form-7 applications filed by individual electors, allowing a maximum of 10 applications during the claims and objections period and five applications per month during the continuous updation of electoral rolls.

The Commission has written to the Chief Electoral Officers of States and Union Territories regarding the prescription of reasonable limits on the filing of Form-7 applications by individual electors. The decision to impose limits on the filing of the form, both online and offline, has been taken to discourage the bulk filing of objections by individual electors.

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Election Commission sets limits on Form-7 applications to curb bulk filing

The Commission said that, under the Registration of Electors Rules, 1960, every objection to the proposed inclusion of a name or an application for the deletion of a name from the electoral roll of a constituency must be submitted in Form 7.

Such objections can be filed only by a person whose name is already included in the electoral roll of that constituency. It added that Form-7 applications must be examined and disposed of by the Electoral Registration Officer (ERO) in accordance with the provisions of the Registration of Electors Rules, 1960. The Commission further stated that if the ERO finds a complaint to be false or fabricated, the officer must initiate action against the applicant for knowingly making a false statement or declaration in writing in the form.

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Putul Sonowal assures country’s first ever medal at World Bowls Champion of Champions

India’s Putul Sonowal has created history by assuring the country’s first-ever medal at the World Bowls Champion of Champions in Barham, Australia. The 43-year-old from Assam achieved the milestone by reaching the semi-finals of the men’s singles event. Sonowal defeated Singapore’s Harriman Yuen in the quarter-finals to secure his place in the last four. A member of the Assam Police, Sonowal has emerged as one of India’s leading lawn bowls players. He won the Men’s Singles gold medal at the 2026 Asian Lawn Bowls Championship, further strengthening his standing on the international stage.

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Putul Sonowal assures country’s first ever medal at World Bowls Champion of Champions

Earlier, at the 2026 Commonwealth Games in Glasgow, Sonowal defeated Canada’s Ryan Bester, a three-time Commonwealth Games medallist and former world outdoor champion, in the Men’s Singles event. The match went to a tie-break after both players won one set each, with Sonowal emerging victorious.

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India’s Defence Exports Hit Record Rs.38,424 Crore in 2025-26

Defence Minister Rajnath Singh stated that national security is not determined solely by the size of armed forces, but also determined by self reliance in defence sector.The Defence Minister was speaking at the Society of Indian Defence Manufacturers Champions Awards ceremony in Delhi. He highlighted that India is emerging as a credible and reliable exporter of sophisticated military hardware. Mr Singh said India’s defence exports have reached a record 38 thousand 424 crore rupees in 2025-26. This represents an increase of more than 60 percent compared to the previous financial year. The Defence Minister added that another major achievement is that Defence PSUs contributed 54.84 percent to this landmark milestone, while the private sector’s contribution reached 45.16 percent.

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Textile Sector Aims for $350 Billion Market by 2030

Union Textile Minister Giriraj Singh has called upon new entrepreneurs to step forward and tap into the rapidly growing global demand for technical textiles. Addressing a consultation programme organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI) in Surat , Mr Singh described Surat as an emerging economic hub for the country. He highlighted that government initiatives like the PM MITRA scheme and the Production Linked Incentive (PLI) scheme will drive transformative growth in garmenting and branded textile manufacturing in Surat. He added that these measures will be key to achieving the targeted 350 billion-dollar market size for the Indian textile sector by the year 2030.

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‘Pandharpur Wari’ Documentary Named India’s National Winner at Asian Academy Creative Awards 2026

The documentary ‘Pandharpur Wari – In the Footsteps of the Saints’ has been named India’s national winner in the Best Branded Programme category at the Asian Academy Creative Awards 2026.

Produced by Maharashtra’s Information and Public Relations Department in collaboration with Warner Bros. Discovery, the 22-minute English-language documentary showcases the spiritual and cultural heritage of the centuries-old Pandharpur pilgrimage to international audiences. The film highlights Maharashtra’s saint tradition and the messages of devotion, equality and brotherhood propagated by saints Dnyaneshwar and Tukaram. It has been broadcast on Discovery’s international channels.

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Indian origin South African jurist Navanethem Navi Pillay wins Noble Peace Prize 2026

South African jurist of Indian origin Navanethem Navi Pillay has won the Nobel Peace Prize for her contributions to promoting peace and international law. A former UN human rights chief and a judge at the International Court of Justice (ICJ), Pillay grew up under apartheid and went on to build a career defending anti-apartheid activists and advancing human rights and equality. Born in Durban in 1941, to Indian parents of Tamil descent, she later became the first Black woman to serve as a judge on South Africa’s High Court.

She also served as a judge and president of the International Criminal Tribunal for Rwanda, a judge at the International Criminal Court and the UN High Commissioner for Human Rights from 2008 to 2014.

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This year marks the 125th anniversary of the Nobel Peace Prize.

Anmol Kharb Wins Women’s Singles Title at Türkiye International Challenge

In Badminton, India’s Anmol Kharb has won the Women’s Singles title at the Türkiye International Challenge. She defeated her compatriot Aakarshi Kashyap in straight games, 21-11, 21-14 in the final. This marks Anmol’s third international senior title. Meanwhile, India’s Suraj Goala and Nicholas Raj finished runners-up at the Men’s Doubles event. The Indian pair lost to Denmark’s William Kryger Boe and Rasmus Espersen in the final, 14-21, 19-21.

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Udhayveer Sidhu Wins Gold in Men’s 10m Air Pistol at ISSF World Cup

India’s Udhayveer Sidhu clinched the gold medal in the men’s 10-metre air pistol event at the International Shooting Sport Federation (ISSF), World Cup Rifle and Pistol in Cairo, Egypt. The 24-year-old shooter delivered an impressive performance in the medal match, scoring 240.6 points to defeat Germany’s multi-Olympic medallist Christian Reitz by a narrow margin of 0.5 points. Olympic bronze medallists Swapnil Suresh Kusale and Sarabjot Singh are among the leading members of the 24-strong Indian contingent at the tournament, which continues until the 16th of this month. India is competing in eight individual Olympic disciplines and two mixed-team events, with a contingent comprising experienced Olympians and promising young shooters.

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Aadhaar name change rules revised: Documents needed and changes allowed

The Unique Identification Authority of India (UIDAI) has revised the procedure for updating names in Aadhaar, bringing various corrections and changes under a clearer set of rules. The revised Standard Operating Procedure (SOP), uploaded by UIDAI on September 18, replaces the earlier name update process under the exception-handling mechanism. For Aadhaar holders, the distinction is between a minor correction and a major change of name. A spelling correction, change in the order of names or addition or deletion of a surname can be handled differently from a complete change of identity, for which a Gazette notification is required.

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Aadhaar name change rules revised: Documents needed and changes allowed

The revised process also specifies documents for cases such as a surname change after marriage or divorce, correction of a data entry mistake and removal of terms such as “urf” or “alias”.

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Bengal approves 14,454 govt posts, Rs.50,000 scheme for unmarried women pursuing higher education

West Bengal Chief Minister Suvendu Adhikari announced recruitment to 14,454 government posts within six to eight months, and approved the Bhagini Nivedita Scheme to provide Rs 50,000 assistance to unmarried women pursuing higher education for three years. The government also raised the monthly remuneration of ‘Karmabandhus’, part-time support staff, from Rs 5,000 to Rs 8,000, while increasing the food allowance for SC and ST hostel students from Rs 1,800 to Rs 3,300.

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Bengal approves 14,454 govt posts, Rs.50,000 scheme for unmarried women pursuing higher education

On the police recruitment, Adhikari said appointment-related formalities for around 12,000 posts would be taken up on October 11, and about 5,000 candidates would receive appointment letters at a programme on the same day.

He also announced that an emergency response number 112 would be launched for the state police on October 10, coinciding with Mahalaya.

On the occasion, 400 vehicles and 450 motorcycles would be handed over to various police stations at a programme at the Brigade Parade Ground.

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RBI tightens liquidity after rate rise, raises daily CRR maintenance to 99%

The Reserve Bank of India (RBI) has tightened liquidity management by raising the minimum daily maintenance requirement for the cash reserve ratio (CRR) from 90 per cent to 99 per cent of the prescribed requirement, effective from the fortnight beginning October 16, 2026. The move follows the central bank’s decision to raise the policy repo rate by 25 basis points to 5.50 per cent , the first increase in two and a half years. It has also announced an open market operation (OMO) sale of government securities worth Rs.25,000 crore on October 13 to absorb surplus liquidity from the banking system.

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RBI tightens liquidity after rate rise, raises daily CRR maintenance to 99%

The last time the RBI raised the minimum daily CRR maintenance requirement to 99 per cent was in July 2013, amid heightened volatility in the foreign exchange market following the US Federal Reserve’s so-called “taper tantrum”. CRR is the proportion of banks’ deposits that they must maintain as cash balances with the RBI; banks do not earn interest on these balances.

Under the revised requirement, banks must maintain at least 99 per cent of their prescribed CRR on each day of the reporting fortnight, while ensuring that their average daily CRR balance over the fortnight is no less than the prescribed requirement of 3 per cent.

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