Prime Minister Narendra Modi is scheduled to witness the Air Force Day aerial display in Varanasi and inaugurate an RBI data centre and cybersecurity training institute in Bhubaneswar; he will also open Arvind Limited's new garment manufacturing facility in Varanasi. The display commemorates the IAF's 94th anniversary.
Source ↗A depression over the Bay of Bengal is forecast to intensify into a severe cyclonic storm, with likely landfall between Bapatla and Visakhapatnam on October 28. Odisha has activated disaster-response machinery, while the IMD has forecast further intensification through October 27.
Source ↗Foreign portfolio investors have withdrawn ₹48,056 crore from Indian equities in October amid elevated crude prices, West Asia tensions, inflation concerns and weak corporate earnings. Total FPI outflows from Indian equities in 2026 have reached ₹3.08 lakh crore.
Source ↗Under the ₹84,084-crore Samudra Manthan scheme, the government will support 56 exploratory wells with up to 50% of actual cost, capped at ₹675 crore per well, while four stratigraphic wells can receive up to 100% support. The State can recover support from successful oil or gas discoveries.
Source ↗Air Chief Marshal A.P. Singh said the Indian Air Force is building capabilities in reach, persistent surveillance, air mobility, air-domain awareness and networked command and control to protect India's interests in the Indo-Pacific. He highlighted the strategic value of the Andaman and Nicobar Islands and aerial refuelling.
Source ↗A multi-agency crackdown at 38 locations led to 18 arrests. Authorities uncovered ₹100 crore in hawala transactions, froze 1,424 bank accounts, attached properties worth ₹17.82 crore, and seized detonators and cash; the alleged network used the India-Myanmar-Bangladesh corridor.
Source ↗External Affairs Minister S. Jaishankar said terrorism can neither be justified nor rationalised, arguing that it persists because not all states show zero tolerance. Referring to conflicts in Ukraine and West Asia, he said dialogue and diplomacy are the only solution.
Source ↗The October RBI Bulletin says high-frequency indicators show continued strength in industry and services; double-digit merchandise-export growth helped narrow the trade deficit. It also reports that fresh-loan WALR fell 93 basis points after a cumulative 125-basis-point repo-rate reduction, while NBFC credit growth remained double-digit and asset quality improved.
Source ↗The World Bank's October India Development Update projects 7.1% FY27 growth, supported by domestic demand and exports, while warning of risks from oil prices, El Niño and market corrections. Its special focus says AI could improve productivity and public services if supported by policy action and digital infrastructure.
Source ↗In his monthly radio address ahead of Diwali and Chhath, the Prime Minister urged consumers to buy products made by local artisans to advance Atmanirbhar Bharat. He also highlighted exports of makhana and arhar dal, the 50-crore-consultation milestone of e-Sanjeevani, river regeneration in Uttarakhand and Indian technology innovations.
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