India and Russia to achieve bilateral trade target of $100bn by 2030, says Indian Amb to Russia
India is negotiating a Free Trade Agreement (FTA) with the Eurasian Economic Union to boost exports to Russia and other member countries.
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Current Affairs
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16 October 2026 · exam-relevant news
Latest digest · 16 October 2026
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AI summaries of PIB, RBI, All India Radio and national newspaper reports, organised for UPSC, SSC, Banking, Railway and State-PSC revision. Every story links to its source.
24 current-affairs updates for major exams.
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PIB · RBI · AIR · national dailiesLatest Current Affairs
Country’s Forex reserves decline over $8.5bn during last week
The country’s foreign exchange reserves declined over 8.5 billion US dollars (USD) to 726 billion US dollars during the week ended 9th of October. According to Reserve Bank of India data, Foreign currency assets, the la…
Read full storyRBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank). The Scheme has been sanctioned in exercise…
Read full storyFinance Minister Nirmala Sitharaman expresses hope for early conclusion of India-US trade agreement
Finance Minister Nirmala Sitharaman has expressed hope that the India-US trade agreement will be concluded at the earliest, saying it would serve the interests of global trade and strengthen economic ties between the tw…
Read full storySEBI revises timings and operational framework of Closing Auction Session
The Securities and Exchange Board of India (SEBI) has revised the timings and operational framework of the Closing Auction Session in the equity cash market. It has also updated the settlement methodology for stock and…
Read full storyOver 1000 cr approved for setting up of five ITI clusters across Maharashtra, Odisha and J&K
The 6th National Steering Committee (NSC) meeting of PM-SETU today approved around 1,194 crore rupees in investment plans for five Industrial Training Institutes (ITI) clusters across Maharashtra, Odisha and Jammu and K…
Read full story15 October 2026
India’s merchandise exports to US rise to around $51bn despite tariff disruptions
The Government today said that India’s merchandise exports to the United States rose to around 51 billion dollars during April-September this year, despite tariff-related disruptions. According to the data released by t…
Read full storyPrime Minister Shri Narendra Modi inaugurates five development projects worth ₹3,350 crore in Ladakh
Prime Minister Shri Narendra Modi inaugurated and dedicated five major development projects worth around ₹3,350 crore in Ladakh today via video conferencing. Celebrating a new chapter in the region's development through…
Read full storyScheduled Banks’ Statement of Position in India as on September 30, 2026
The expression 'Banking System' or 'Banks' means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act…
Read full story14 October 2026
IDBI Bank’s restructuring to attract FDIs
Union Finance Minister Nirmala Sitharaman has said that India’s reform trajectory has reached another milestone today with the CCEA’s approval of IDBI Bank’s strategic restructuring.
Read full storyWholesale Price Index inflation rises to 11.39% in September this year
India’s Wholesale Price Index (WPI) based inflation rose sharply to 11.39% in September, from 9.92% in August, on an annual basis.
Read full storyPROVISIONAL WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF SEPTEMBER 2026, AND FINAL INDEX FOR THE MONTH OF JULY 2026
Key highlights of WPI (Base Year 2022-23) for September 2026 All India Wholesale Price Index (WPI) inflation for September 2026 is 11.39 per cent on year-on-year (YoY) basis, compared to 9.92 per cent in August 2026.
Read full storyCentre introduces Principal Purpose Test in India-Mauritius tax treaty to curb tax avoidance
The Central Government has notified amendments to the India-Mauritius Double Taxation Avoidance Agreement (DTAA), introducing a principal purpose test (PPT) to prevent the misuse of treaty provisions for tax avoidance a…
Read full storyIndia, Canada intensify CEPA talks, aim to conclude trade pact by end of 2026
Canada and India have intensified negotiations for a Comprehensive Economic Partnership Agreement (CEPA), aiming to conclude the pact by the end of 2026, following the fifth round of talks in Ottawa from October 5 to 9.
Read full story13 October 2026
IMF raises India’s GDP growth forecast to 7% for 2026-27
The International Monetary Fund (IMF) has raised India’s GDP growth forecast to 7 per cent for 2026-27, up from 6.4 per cent in July. In its flagship World Economic Outlook report, the IMF said the revision in the estim…
Read full storyGovt open to hearing suggestions on LTCG tax, says FM Sitharaman
Finance Minister Nirmala Sitharaman has said the Government is open to hearing suggestions on the removal of long-term capital gains tax during consultations for the upcoming Union Budget. Ms Sithraman said this while s…
Read full storyCommerce Minister Piyush Goyal welcomes IMF’s 7% GDP growth projection for India in 2027
Union Commerce and Industry Minister Piyush Goyal today hailed the International Monetary Fund’s (IMF) projection of 7% GDP growth for India in 2027. The Minister said that the country’s multiple free trade agreements (…
Read full storyCentre caps trade margins on anti-cancer drugs at 30% of MRP
The Centre has informed the Supreme Court that it has decided to regulate trade margins on anti-cancer medicines by capping them at 30 per cent of the maximum retail price (MRP), while the apex court called for a broade…
Read full story12 October 2026
Commerce and Industry Minister Shri Piyush Goyal Calls for Doubling India-UK Bilateral Trade by 2030
Union Minister for Commerce and Industry Shri Piyush Goyal has called upon businesses in India and the United Kingdom to translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CE…
Read full storyAmerican economists Robert E. Hall and Michael Woodford win 2026 Nobel Prize in Economics
The 2026 Nobel Prize in Economics has been awarded to American economists Robert E. Hall and Michael Woodford for developing macroeconomic models that help policymakers stabilise economies during booms and recessions.
Read full storyLaunching of 116th Round of Quarterly Industrial Outlook Survey (IOS) - Q3:2026-27
The Reserve Bank has launched the 116th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period October-December 2026.
Read full storyLaunching of 51st Round of Quarterly Services and Infrastructure Outlook Survey (SIOS) Q3:2026-27
The Reserve Bank has launched the 51st round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period October-December 2026.
Read full storyIndia-UK economic cooperation unlocks new opportunities for businesses in both countries, says Commerce Minister Piyush Goyal
Commerce and Industry Minister Piyush Goyal has called for doubling India-UK Bilateral trade by 2030. Mr Goyal said this while addressing the JETCO Business Plenary under the 16th Session of the India-UK Joint Economic…
Read full story11 October 2026
Prime Minister Shri Narendra Modi lays the foundation stone, inaugurates and dedicates various development projects worth over ₹13,000 crore in Chennai, Tamil Nadu
Prime Minister Shri Narendra Modi laid the foundation stone for, inaugurated, and dedicated to the nation several development projects worth over ₹13,000 crore in Chennai, Tamil Nadu, today. Welcoming the esteemed digni…
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Exam-relevant stories with MCQ-ready key points, summarised by AI from PIB, RBI, All India Radio and national newspapers. Edition: 16 October 2026. Hindi appears where a translation is ready.
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