IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentals

Economic Times - Oct 15, 2026

The International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamentals which allow it to manage external pressures effectively. The exchange rate fluctuations are not indicative of economic failure according to IMF officials. Structural reforms and domestic demand contribute to India's resilience in the global economy. However, risks such as geopolitical tensions and fiscal pressures remain present.

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The U.S. paid $5 million each to keep 60 commercial ships under its flag in 2018; Defence can call on every vessel during war or a national emergency
Oct 17, 2026
The U.S. paid $5 million each to keep 60 commercial ships under its flag in 2018; Defence can call on every vessel during war or a national emergency

In March 2018, the US government approved a $300 million program to support commercial vessels for defense strategies. This Maritime Security Program provides $5 million annually to each of the 60 participating ships. Operators must keep vessels under the US flag and make them available during national emergencies. The program aims to maintain the availability of trained American mariners and commercial infrastructure.

CRPF mulls restoring Army ranks abolished 30 years ago; promotions, Agniveers in focus
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The CRPF is considering reintroducing the lance naik and naik ranks, abolished in 1997, to address promotion delays among its 3.25 lakh personnel and attract retiring Agniveers from the Army. The move could provide constables with two additional promotion opportunities before becoming head constables.

Bail does not make Sandip Ghosh innocent, says Bengal BJP chief on RG Kar case
Oct 17, 2026
Bail does not make Sandip Ghosh innocent, says Bengal BJP chief on RG Kar case

Samik Bhattacharya stated that Sandip Ghosh's bail does not imply his innocence regarding alleged financial irregularities. He referred to widespread protests following a controversial incident at RG Kar Medical College and Hospital. The Supreme Court granted Ghosh bail after almost two years in custody, citing slow trial progress. Bhattacharya emphasized that emotions should not influence legal proceedings or public opinions.

Axis Bank Q2 Results: Net profit jumps 38% YoY to Rs 7,003 crore, NII rises 12%
Oct 17, 2026
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Axis Bank Q2 Results: Private lender Axis Bank on Saturday reported a net profit of Rs 7,003 crore for the second quarter of FY27, marking a jump of 38% from Rs 5,089 crore posted in the corresponding quarter of the previous financial year.

India's internal security landscape has changed irrevocably: Union Home Secretary
Oct 17, 2026
India's internal security landscape has changed irrevocably: Union Home Secretary

Union Home Secretary Govind Mohan on Saturday said India’s internal security challenges have changed, with Naxalism largely ended, insurgency in the Northeast reduced and homegrown terrorism nearly over.

India's internal security landscape has changed irrevocably: Union Home Secretary
Oct 17, 2026
India's internal security landscape has changed irrevocably: Union Home Secretary

Union Home Secretary Govind Mohan on Saturday said India’s internal security challenges have changed, with Naxalism largely ended, insurgency in the Northeast reduced and homegrown terrorism nearly over.

Mohammed Shami misses out again as BCCI names India squads for New Zealand series
Oct 17, 2026
Mohammed Shami misses out again as BCCI names India squads for New Zealand series

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By 2023, nearly 14,000 volunteers helped count Galápagos marine iguanas in drone photos; later phases reached 91% to 92% agreement with expert counts
Oct 17, 2026
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India's internal security landscape has changed irrevocably: Union Home Secretary
Oct 17, 2026
India's internal security landscape has changed irrevocably: Union Home Secretary

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Burma Burma owner Hunger Pangs files DRHP with SEBI
Oct 17, 2026
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In 2021, a North Carolina farmer struggling to expand his sheep business found 33 acres beneath solar panels; then landed a second solar grazing contract
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F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy
Oct 17, 2026
F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy

SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels, banking earnings, improving FII flows and continued large-cap outperformance, while warning that a durable reversal remains unconfirmed.

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