Current Affairs 16 October 2026

In short

  • Supreme Court upholds quashing of Yes Bank’s ₹8,415-crore AT1 bond write-off
  • Election Commission to conduct annual electoral-roll revision after SIR

…and 10 more stories on POLITY, DIPLOMACY, ECONOMY, SCIENCE_TECH.

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ECONOMY

Supreme Court upholds quashing of Yes Bank’s ₹8,415-crore AT1 bond write-off

The Supreme Court upheld the Bombay High Court ruling that quashed Yes Bank’s ₹8,415-crore Additional Tier 1 bond write-off. The Court held that the bank’s administrator lacked legal authority to write off the bonds. The ruling affects investors who challenged the cancellation of the securities. AT1 bonds are designed to absorb losses when a bank faces financial stress. The judgment raises questions about the powers of administrators under banking-resolution frameworks. It is significant for banking regulation, investor protection, and financial-stability questions. [2]

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Which type of instrument was involved in the Yes Bank dispute?

GOVERNANCE

Election Commission to conduct annual electoral-roll revision after SIR

The Election Commission will conduct annual revision of electoral rolls in states where the Special Intensive Revision exercise has been completed. The draft rolls are scheduled to be published on November 12. Claims and objections will reportedly be accepted until December 11. The process is intended to update voter lists and address inclusion or deletion-related concerns. It has generated political and legal debate over voter deletions. The development is relevant to electoral administration and constitutional institutions. [1][6]

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On what date are the draft electoral rolls scheduled to be published?

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