Article 110
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Current affairsRBI Monetary Policy Committee (MPC) October 2026 Meeting: Key Context, Rate Watch and Monetary Policy FrameworkThe Reserve Bank of India's Monetary Policy Committee (MPC) commenced its three-day bi-monthly meeting on October 5, 2026, with the policy decision scheduled for announcement on October 7. The current repo rate stands at 5.25%, held unchanged across four consecutive meetings since a 125 basis-point cumulative easing cycle in 2025. The 63rd MPC meeting takes place against a backdrop of rising retail inflation (~4.82% in August 2026) and elevated global interest rates. Current affairsRBI Monetary Policy August 2026: Repo Rate Held at 5.25% for Fourth Consecutive Time, GDP Growth Forecast Raised to 6.7%The Reserve Bank of India's Monetary Policy Committee (MPC), at its August 3–5, 2026 meeting, unanimously kept the repo rate unchanged at 5.25% for the fourth consecutive time, retained its neutral stance, and raised India's FY27 GDP growth forecast from 6.6% to 6.7% while lowering the CPI inflation projection to 5.0%. Governor Sanjay Malhotra cited the need for greater clarity on the inflation trajectory before any rate action. Current affairsTaxation and Other Laws (Amendment) Bill, 2026: Parliament Grants Tax Exemptions to FIIs, Diamond Traders, Data Centres and Investment FundsParliament has passed the Taxation and Other Laws (Amendment) Bill, 2026 — cleared by Lok Sabha on 6 August and Rajya Sabha on 10 August — replacing an Ordinance issued on 5 June 2026. The Bill grants income-tax exemptions to Foreign Institutional Investors (FIIs) and the Bank for International Settlements (BIS) on government securities, extends incentives for diamond and electronics manufacturing, removes restrictions on offshore investment funds, and expands data-centre tax benefits.