Current Affairs

World Bank Group

The World Bank Group mobilised a cumulative 36 billion in private capital for India over four years, including 9.6 billion for Micro, Small and Medium Enterprises (MSMEs).

The Cabinet Committee on Economic Affairs (CCEA)

The Cabinet Committee on Economic Affairs (CCEA) on 14 October 2026 approved Canada-based Fairfax Financial Holdings Ltd. as the strategic buyer for a 60.72 stake in IDBI Bank for approximately Rs.52,878.08 crore.

Indias growth at 7 in 2026-27

The International Monetary Fund (IMF) has upgraded Indias growth forecast for the current year (2026-27) to 7, from 6.4, making it the fastest-growing major economy.

Reserve Bank of India

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on 7 October 2026 raised the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.50.

India European Free Trade Association

Swiss President Guy Parmelin has described the India European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) as a potential “win-win” for both countries

Gross goods and services tax (GST)

The Indian government collected Rs.2,03,521 crore as Gross goods and services tax (GST) for the month of September 2026, up 14.7 against the same month last year (2025 September).