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Daily Current Affairs 22 October 2026

14 News

National

The Frontier Tech Hub of NITI Aayog has released the Data Centre Evaluation Framework to help states assess investment proposals, evaluate infrastructure readiness, and promote sustainable data-centre development amid the rising demand for AI and computing.

The framework recommends 5 key pillars: Power and Energy, Water and Cooling management, Environmental protection, Economic Value creation, and Policy, Governance, and Implementation.

Union Minister of State (MoS) Dr Jitendra Singh and UK Secretary of State Jonathan Reynolds have participated in the 8th India-UK Science and Innovation Council (SIC) Meeting in New Delhi.

During the meeting, they jointly inaugurated the Biotechnology Research and Innovation Council (BRIC)-Centre for DNA Fingerprinting and Diagnostics (CDFD)-Oxford Nanopore Technologies India Genomics Centre of Excellence (CoE) to advance genomics research.

It is to be noted that UK Research and Innovation (UKRI) and India have jointly invested over £450 million in research initiatives since 2008. India has also announced an additional funding of £3 million over 5 years for Phase 2 of the ISIS Neutron and Muon Source partnership.

Economy

The central government has announced that Karnataka, Maharashtra, Uttar Pradesh, Gujarat, and Tamil Nadu will become permanent members of a new Standing Committee under the Goods and Services Tax (GST) framework.

The committee, comprising 12 states, aims to strengthen tax administration and expand the taxpayer base. India currently has 1.7 crore registered GST taxpayers.

The Research, Development and Innovation Fund (RDIF), a flagship initiative of the central government, has announced its first cohort of 19 Second Level Fund Managers (SLFMs).

The cohort comprises 14 Alternative Investment Funds (AIFs) and 5 Focused Research Organisations (FROs), approved by the Empowered Group of Secretaries (EGoS). These approved institutions have secured a combined RDIF funding commitment of ₹7,131 crore under the government RDI Scheme.

Banking

International

Pakistan has been named the incoming chair of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group for 2027, during their annual meetings held in Bangkok, Thailand.

Ahad Khan Cheema, the World Bank Governor from Pakistan, was designated as the incoming chair.

Defence

Business

Science

Appointments

Dr TM Balakrishnan Nair, the Director of the Indian National Centre for Ocean Information Services (INCOIS), has been elected as the Chair of the Intergovernmental Oceanographic Commission (IOC) Sub-Commission for the Indian Ocean (IOCINDIO) under the UNESCO.

The election took place during the second Intergovernmental Session of IOCINDIO held in Bali, Indonesia. Turki Al-Said of Kuwait and Badal Mohammed Rezah of Mauritius were elected as the Vice-Chairs of IOCINDIO.

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