Finance Act, 2018
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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 affairsEnforcement Directorate Director Rahul Navin Gets One-Year Tenure Extension: Governance and PMLA ImplicationsThe Appointments Committee of the Cabinet (ACC) has approved a one-year extension in the tenure of Enforcement Directorate (ED) Director Rahul Navin, extending his term from 13 August 2026 to 13 August 2027. The extension also allows Navin to continue in service beyond his superannuation date of 31 July 2027, or until further orders, whichever is earlier.