Daily Current Affairs Digest — 7 November 2026
Today's comprehensive news digest covers major developments including India's strategic partnership with the EU through Horizon Europe, price capping on anti-cancer drugs by the NPPA, and record car sales hitting 5.24 lakh in October 2026. Important domestic events feature Vice-President C.P. Radhakrishnan inaugurating Deepotsav 2026 in Ayodhya and the successful conclusion of EPFO's Special Campaign 6. On the global and security fronts, Defence Minister Rajnath Singh reviewed operational preparedness along the LAC in West Bengal, while international highlights include Nithya Raman's historic mayoral victory in Los Angeles.
Why It Matters
Aspirants across UPSC, SSC, Banking, and State PSCs should focus on bilateral research agreements like Horizon Europe, pharmaceutical price regulations by the NPPA, and major automobile sales milestones. Questions are frequently asked regarding statutory bodies, pricing authorities, and international S&T frameworks.
In Simple Words
The most significant national development is the finalization of negotiations for India to join the European Union's flagship 'Horizon Europe' research and innovation programme. This milestone establishes a long-term institutional framework for scientific cooperation, building on existing research projects and previous trade and technology frameworks.
For students and citizens, this partnership brings advanced research funding, technology transfers, and collaborative opportunities in cutting-edge science and tech domains. It boosts India's global footprint in research and development.
For competitive exams, aspirants must remember that India and the EU concluded these negotiations to join the Horizon Europe framework, which acts as a major pillar of bilateral S&T cooperation.
⚡ Quick 2-Minute Capsule (Key Highlights)
- India and the EU concluded negotiations to join the Horizon Europe research and innovation programme.
- National Pharmaceutical Pricing Authority (NPPA) capped trade margins on 137 anti-cancer drugs effective November 9, 2026.
- India's car sales touched a record 5.24 lakh units in October 2026, led by Maruti, Tata, Mahindra, Hyundai, and Kia.
- Vice-President C.P. Radhakrishnan inaugurated Deepotsav 2026 celebrations at Ram Ki Paidi in Ayodhya, Uttar Pradesh.
- Defence Minister Rajnath Singh reviewed operational preparedness and infrastructure along the LAC at Sukna, West Bengal.
- EPFO successfully concluded Special Campaign 6 in October 2026 to improve administrative efficiency and public grievance disposal.
Exam Angle
A. Horizon Europe, the European Union's flagship research and innovation programme.
10 MCQs embedded directly below this article with instant scores.
Detailed Daily Coverage & Analysis
Top National Affairs (राष्ट्रीय घटनाक्रम)
Key policy reforms, central government schemes, and legislative milestones.
NPPA caps trade margins on 137 anti-cancer drugs, revised prices effective November 9
The National Pharmaceutical Pricing Authority (NPPA), operating under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on 137 anti-cancer medications. This decision follows recommendations from an expert committee constituted by the Directorate General of Health Services (DGHS). As of now, 76 pharmaceutical companies have reported revised prices which will come into effect from November 9, 2026.
Vice-President C.P. Radhakrishnan inaugurates grand Deepotsav 2026 celebrations in Ayodhya
Vice-President Shri C.P. Radhakrishnan inaugurated the Deepotsav 2026 celebrations at Ram Ki Paidi in Ayodhya, Uttar Pradesh. He witnessed the grand illumination of ghats with millions of diyas, cultural performances depicting the Ramayana, and musical fireworks. He also participated in the sacred Saryu Aarti at Naya Ghat.
EPFO successfully concludes Special Campaign 6 in October 2026
The Employees' Provident Fund Organization (EPFO) successfully wrapped up Special Campaign 6 throughout October 2026. The initiative reinforced the organization's commitment to administrative efficiency, cleanliness, transparency, and superior public service delivery, with active participation from its head office, training academies, and 21 zonal offices.
Top International & World Affairs (अंतरराष्ट्रीय घटनाक्रम)
Global summits, multilateral agreements, and bilateral strategic relations.
India and EU successfully complete negotiations to join Horizon Europe programme
India and the European Union have successfully finalized negotiations for India's association with Horizon Europe, the EU's flagship research and innovation programme. This strategic partnership establishes a long-term institutional framework for research cooperation, building upon existing R&D projects and prior cooperation under the India-EU Agreement on Science and Technology.
Nithya Raman wins historic Los Angeles mayoral election
India-born Nithya Raman secured a historic victory in the Los Angeles mayoral race, defeating the incumbent to lead the major US city. Her campaign focused on progressive urban policies and community-led governance, marking a significant milestone for Indian-American political representation.
New Zealand general election results remain too close to call as coalition talks loom
New Zealand's general election results remained extremely tight with the two main political parties running neck and neck in a near-complete count. Smaller parties emerged as potential kingmakers, indicating that protracted coalition negotiations will likely take weeks.
Economy & Banking (अर्थव्यवस्था व बैंकिंग)
RBI policies, macroeconomic indicators, taxation, and financial markets.
Tata Steel Q2 net profit rises 16% YoY to Rs 3,700 crore, revenue up 11%
Tata Steel announced its Q2 financial results for FY27, reporting a 16.2% year-on-year increase in net profit to Rs 3,700 crore, driven by a strong domestic market showing. Consolidated revenue grew by 11%, though overall numbers faced some headwinds from European operations. Meanwhile, Noel Tata is set to retire from his board directorship.
India car sales touch record 5.24 lakh units in October 2026
India's automobile sector registered historic retail sales of 5.24 lakh cars in October 2026. Major automakers including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, and Kia recorded all-time high monthly volumes, propelled by festive demand despite inventory and financing cost considerations flagged by dealers.
Foreign Institutional Investors pump Rs 45,960 crore into Indian stocks in a single week
Foreign Institutional Investors (FIIs) injected a massive Rs 45,960 crore into Indian equities within a week, marking one of the largest weekly foreign inflows in recent years. The substantial capital infusion reflects renewed confidence in Dalal Street amidst shifting global investment trends.
Sports, Science & Defence (खेलकूद व रक्षा)
Defense trials, military exercises, space research, and championship medals.
Raksha Rajya Mantri Shri Sanjay Seth attends closing ceremony of All India Sainik Schools National Games 2026
Raksha Rajya Mantri Shri Sanjay Seth attended the closing ceremony of the All India Sainik Schools National Games (AISSNG) 2026 as Chief Guest at Sainik School Bijapur. He presented medals and trophies to winning teams, noting that Sainik School Ghorakhal won the Junior Boys Basketball title, while Vikasa Sainik School claimed the Junior Girls Basketball championship.
Raksha Mantri Shri Rajnath Singh reviews operational preparedness of Trishakti Corps at Sukna
Defence Minister Shri Rajnath Singh visited the Trishakti Corps at Sukna, West Bengal, to review operational preparedness along the Line of Actual Control (LAC). He received briefings on infrastructure development, deployment of advanced military equipment, and emerging technologies designed to enhance combat effectiveness.
Defence forces must maintain highest operational readiness with focus on cyber resilience: Raksha Mantri
Interacting with Indian Air Force (IAF) personnel at Air Force Station Bagdogra on the eve of Diwali, Defence Minister Shri Rajnath Singh emphasized the need for highest operational readiness, domain awareness, cyber resilience, and information integrity to counter complex security threats.
Static GK Booster (आज के स्टेटिक GK फैक्ट्स)
Key factual static foundations directly relevant to today's news.
- • European Union Headquarters: Brussels, Belgium
- • Employees' Provident Fund Organisation (EPFO) Parent Ministry: Ministry of Labour and Employment
- • National Pharmaceutical Pricing Authority (NPPA) Headquarters: New Delhi
- • Capital and Currency of New Zealand: Wellington (Capital), New Zealand Dollar (Currency)
- • Tata Steel Founded: 1907 by Jamshedji Tata, Headquarters: Mumbai, Maharashtra
Practice Today's 10-MCQ Current Affairs Quiz
Click any option to test your recall with instant visual feedback and complete explanations.
What was the record-breaking retail sales figure achieved by India's automobile sector for passenger cars in October 2026?
India's car sales touched a record high of 5.24 lakh units in October 2026, driven by strong festive season demand across major automakers.
Which regulatory body has capped trade margins on 137 anti-cancer drugs, with revised prices taking effect from November 9, 2026?
The National Pharmaceutical Pricing Authority (NPPA) under the Ministry of Chemicals and Fertilizers has capped trade margins on 137 anti-cancer medications, effective November 9, 2026.
Who inaugurated the grand Deepotsav 2026 celebrations at Ram Ki Paidi in Ayodhya, Uttar Pradesh?
Vice-President C.P. Radhakrishnan inaugurated the Deepotsav 2026 celebrations at Ram Ki Paidi in Ayodhya, witnessing mass diya illuminations and cultural events.
India successfully finalized negotiations to join which European Union flagship research and innovation programme?
India and the European Union concluded negotiations for India's association with Horizon Europe, establishing a long-term institutional framework for research cooperation.
Which organization successfully concluded Special Campaign 6 in October 2026 to enhance administrative transparency and public grievance disposal?
EPFO successfully wrapped up Special Campaign 6 in October 2026 across its head office and zonal offices to boost administrative efficiency and cleanliness.
Who won a historic mayoral election in Los Angeles, USA, marking a milestone for Indian-American political representation?
India-born Nithya Raman secured a historic mayoral victory in Los Angeles, defeating the incumbent with a focus on progressive urban policies.
Defence Minister Rajnath Singh reviewed operational preparedness along the Line of Actual Control (LAC) while visiting which military formation headquarters?
Defence Minister Rajnath Singh visited the Trishakti Corps headquarters at Sukna in West Bengal to review operational preparedness and infrastructure along the LAC.
Tata Steel reported a year-on-year rise in Q2 net profit for FY27 reaching how much amount?
Tata Steel announced its Q2 financial results for FY27, reporting a 16.2% YoY increase in net profit to Rs 3,700 crore, backed by strong domestic performance.
What is the capital and currency of New Zealand, which recently held general elections resulting in coalition negotiations?
Wellington is the capital and the New Zealand Dollar is the official currency of New Zealand.
Where is the headquarters of the European Union (EU), which has concluded an association agreement with India for the Horizon Europe programme?
The headquarters of the European Union is located in Brussels, Belgium.
Source: PIB & Verified Sources
November 2026 Monthly Compilation & Archives
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