The Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' parent entity as the strategic buyer for IDBI Bank in a deal worth about Rs 52,878 crore. BulletsIn The Cabinet Committee on Economic Affairs, in its meeting on 14 October 2026, approved 10955230 Canada Inc., whose parent is Fairfax Financial Holdings, as strategic buyer
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The Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' parent entity as the strategic buyer for IDBI Bank in a deal worth about Rs 52,878 crore. BulletsIn The Cabinet Committee on Economic Affairs, in its meeting on 14 October 2026, approved 10955230 Canada Inc., whose parent is Fairfax Financial Holdings, as strategic buyer
The International Monetary Fund has upgraded India's growth projection from 6.4% in its July update, citing stronger momentum, resilient domestic demand and robust services activity. BulletsIn The International Monetary Fund raised India's GDP growth forecast to 7% for 2026-27, up from 6.4% in its July update. Growth for 2027-28 is also projected at 7%, up
The International Monetary Fund has upgraded India's growth projection from 6.4% in its July update, citing stronger momentum, resilient domestic demand and robust services activity. BulletsIn The International Monetary Fund raised India's GDP growth forecast to 7% for 2026-27, up from 6.4% in its July update. Growth for 2027-28 is also projected at 7%, up
Provisional data from the Office of the Economic Adviser show wholesale price inflation climbing from 9.92% in August, with fuel and power inflation at 25.85%. BulletsIn The Office of the Economic Adviser in DPIIT released provisional Wholesale Price Index data for September 2026 showing all-India WPI inflation at 11.39% year-on-year. Inflation in August 2026 was
Provisional data from the Office of the Economic Adviser show wholesale price inflation climbing from 9.92% in August, with fuel and power inflation at 25.85%. BulletsIn The Office of the Economic Adviser in DPIIT released provisional Wholesale Price Index data for September 2026 showing all-India WPI inflation at 11.39% year-on-year. Inflation in August 2026 was
MoSPI data show food inflation jumping to 7.74 percent, pushing headline CPI inflation well above August's 4.83 percent. BulletsIn The Ministry of Statistics and Programme Implementation released provisional September 2026 CPI data on 12 October, showing retail inflation at 5.54 percent. Headline inflation rose from 4.83 percent in August, an increase of 71 basis points.
MoSPI data show food inflation jumping to 7.74 percent, pushing headline CPI inflation well above August's 4.83 percent. BulletsIn The Ministry of Statistics and Programme Implementation released provisional September 2026 CPI data on 12 October, showing retail inflation at 5.54 percent. Headline inflation rose from 4.83 percent in August, an increase of 71 basis points.
The Union Cabinet's 6 October approval of the Integrated Transport and Logistics Authority builds on the master plan launched on 13 October 2021. BulletsIn The PM GatiShakti National Master Plan was launched on 13 October 2021 for integrated, multimodal infrastructure planning, and it completed five years this week. It covers seven engines: railways, roads, ports,
The Union Cabinet's 6 October approval of the Integrated Transport and Logistics Authority builds on the master plan launched on 13 October 2021. BulletsIn The PM GatiShakti National Master Plan was launched on 13 October 2021 for integrated, multimodal infrastructure planning, and it completed five years this week. It covers seven engines: railways, roads, ports,
The Monetary Policy Committee delivered its first rate hike since February 2023 on 7 October, citing inflation pressure despite an upgraded growth outlook. BulletsIn The Monetary Policy Committee raised the policy repo rate by 25 basis points, from 5.25 percent to 5.50 percent, on 7 October 2026. The decision came at the committee's 63rd meeting,
The Monetary Policy Committee delivered its first rate hike since February 2023 on 7 October, citing inflation pressure despite an upgraded growth outlook. BulletsIn The Monetary Policy Committee raised the policy repo rate by 25 basis points, from 5.25 percent to 5.50 percent, on 7 October 2026. The decision came at the committee's 63rd meeting,
India's retail inflation rose to a 21-month high of 5.54 per cent in September, as sharply costlier onions and other foods pushed prices further above the RBI's 4 per cent target. BulletsIn The Ministry of Statistics and Programme Implementation released provisional September 2026 data on October 12, showing CPI-based retail inflation at 5.54 per cent.
India's retail inflation rose to a 21-month high of 5.54 per cent in September, as sharply costlier onions and other foods pushed prices further above the RBI's 4 per cent target. BulletsIn The Ministry of Statistics and Programme Implementation released provisional September 2026 data on October 12, showing CPI-based retail inflation at 5.54 per cent.
The Reserve Bank has shifted from a neutral to a tightening stance, putting inflation ahead of growth concerns even as it upgrades its growth forecast. BulletsIn The six-member Monetary Policy Committee, at its 63rd meeting held October 5 to 7, 2026, voted unanimously to raise the policy repo rate by 25 basis points to 5.50%.
The Reserve Bank has shifted from a neutral to a tightening stance, putting inflation ahead of growth concerns even as it upgrades its growth forecast. BulletsIn The six-member Monetary Policy Committee, at its 63rd meeting held October 5 to 7, 2026, voted unanimously to raise the policy repo rate by 25 basis points to 5.50%.
The Monetary Policy Committee unanimously raised the policy repo rate to 5.50%, the first increase since February 2023, citing inflation pressures, West Asia risks, crude prices and a weaker rupee. BulletsIn On 7 October 2026, the RBI's Monetary Policy Committee raised the policy repo rate under the Liquidity Adjustment Facility by 25 basis points to
The Monetary Policy Committee unanimously raised the policy repo rate to 5.50%, the first increase since February 2023, citing inflation pressures, West Asia risks, crude prices and a weaker rupee. BulletsIn On 7 October 2026, the RBI's Monetary Policy Committee raised the policy repo rate under the Liquidity Adjustment Facility by 25 basis points to
The 57th GST Council meeting on 8 October 2026 approved process and compliance reforms, leaving tax rates unchanged, with most changes taking effect from April 2027. BulletsIn The 57th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, was held on 8 October 2026 at Bharat Mandapam in New Delhi. It was the first Council
The 57th GST Council meeting on 8 October 2026 approved process and compliance reforms, leaving tax rates unchanged, with most changes taking effect from April 2027. BulletsIn The 57th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, was held on 8 October 2026 at Bharat Mandapam in New Delhi. It was the first Council
