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RBI to continue efforts to curb rupee volatility; external factors driving currency fall: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday (October 13, 2026) said the RBI will continue its efforts to prevent excessive volatility in the rupee, which has depreciated “very significantly” over the past year and a half. She said the rupee has reached a low against the U.S. dollar mainly due to global uncertainties, even though…
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No choice: IMF says developing countries must cut spending despite war shock
The International Monetary Fund warned on Tuesday (October 13, 2026) that while low-income developing countries were dealing with the disproportionate impacts of the Iran war-fuelled energy shock, many had “no choice” but to cut spending or potentially face debt restructuring. Speaking to AFP on the sidelines of the organisation’s Annual Meetings in Bangkok, IMF deputy…
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India grows ‘with the world, not at anyone’s cost’, cites strong economic fundamentals, says PM Modi
Prime Minister Narendra Modi on Tuesday (October 13, 2026) said India’s economic growth was anchored in strong fundamentals and a sustained reform drive, declaring that the country sought to expand its global economic influence through shared prosperity rather than at the expense of other nations. “We do not grow at anyone’s cost. We grow with…
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How does the U.S.-Russia diesel deal impact India | Explained
The story so far: Less than a month after he signed into law an Act that would see tariffs of up to 100% on countries that import large amounts of Russian oil and gas, U.S. President Donald Trump on October 10, 2026, announced a deal with Russia that would allow it to sell diesel to…
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IMF upgrades 2026 growth forecast but warns of ‘split’ outlook
he International Monetary Fund on Tuesday (October 13, 2026) forecast global growth in 2026 would slow less than previously expected because of advanced economies’ “resilience” in the face of war-fuelled energy prices, but warned low-income countries remained vulnerable to the supply shock. In its World Economic Outlook (WEO) released at the organization’s Annual Meetings in…
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Why does India need a trained workforce for elderly care?
Every day Sreeni wakes up at 4.30 am and checks on his mother. If she is unsteady on waking up, he will assist her to the raised toilet and wait outside as she independently uses it, assuring her that help is just outside. There is a schedule of medicines, clearly sorted and kept by her…