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Nobel Prize in economics 2026: Robert E. Hall, Michael Woodford win the award
Screenshot from YouTube/@NobelPrize The Economics Nobel is being awarded to Robert E. Hall of Stanford University and Michael Woodford of Columbia University for “microeconomic foundations of macroeconomic stabilisation”, the Royal Swedish Academy of Sciences said on Monday (October 12, 2026). “This year’s laureates in economic sciences, Robert E. Hall and Michael Woodford, have developed new…
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Explained | RBI’s worries about pressure on rupee and measures to curb volatility in forex market
Story so far: In view of the evolving geopolitical conditions, fluctuations in oil prices and to ensure orderly functioning of the foreign exchange market, the Reserve Bank of India (RBI) on October 10, 2026, issued two circulars, announcing several regulatory measures. What were the measures? Restrictions on rebooking of cancelled foreign exchange derivative contracts: as…
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The 2026 Nobel-winning insights into how Govts should stabilise economies
The 2026 Nobel Prize for Economics has been jointly awarded to American economists Robert E. Hall and Michael Woodford for providing an empirical foundation for determining how governments should incorporate the demand behaviour of households and the supply and pricing behaviour of companies when devising policies to stabilise the economy. According to the citation of…
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Retail inflation rises to 5.54% in September on costlier food items
Representational file image. | Photo Credit: Sushil Kumar Verma Retail inflation rose to 5.54% in September, mainly due to costlier food items, according to government data released on Monday (October 12, 2026). The Consumer Price Index-based inflation was at 4.83% in August. The inflation figure for September is the highest in the new index series…
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Coal stocks at thermal plants hold above 18 MT as supply deficit narrows
Improvement in coal supplies accompanied by an increase in rail freight movement | Photo Credit: The Hindu Domestic thermal power plants had coal stocks of 18.205 million tonnes (MT) as of October 10, with supplies averaging 2.49 MT per day, the government said on Monday, assuring that stocks were adequate to meet power demand. The…
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‘Excess’: More to pay, not more to receive
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto When you read your insurance policy, if you read it, you may come across a term called ‘excess’. Usually, it says ‘excess on this policy is ₹1,000’ or something like that. And no, it does not mean the insurance company is going to give…