Page-3 of Economy & Banking Current Affairs
India Inaugurates Largest Phenol and Acetone Plant in Haldia
India’s largest integrated phenol and acetone plant was inaugurated in Haldia, West Bengal, on 14 October 2026. Developed by Adperma Private Limited, a wholly owned subsidiary of Haldia...
Oman Replaces US as India’s Largest LNG Supplier
Oman became India’s largest liquefied natural gas (LNG) supplier in September 2026, replacing the United States. India imported 2.17 million tonnes of LNG that month, 14% less than...
SEBI Extends IPO Issue-Size Relaxation Until March 2027
On 12 October 2026, the Securities and Exchange Board of India (SEBI) extended a temporary relaxation on changes to the fresh-issue size in Initial Public Offerings (IPOs). The...
CtrlS Announces AI Factory and Opens Patna Data Centre
CtrlS Datacenters inaugurated a ₹400-crore data centre in Patna, Bihar, on 13 October 2026, and announced a proposed ₹10,000-crore, 150 MW hyperscale AI factory in Bodh Gaya. The...
SEBI Proposes Monitoring Agency for All Public Issues
On 13 October 2026, the Securities and Exchange Board of India (SEBI) proposed making the appointment of a monitoring agency mandatory for every public issue, irrespective of issue...
Bank of America Faces $1.21 Billion in US Penalties
On 13 October 2026, US authorities announced penalties exceeding 1.21 billion against Bank of America for anti-money laundering and sanctions violations. Regulators said the bank failed to report...
NLMC Raises ₹366.33 Crore in RINL Land E-Auction
The National Land Monetization Corporation (NLMC) raised ₹366.33 crore on 12 October 2026 by auctioning land parcels owned by Rashtriya Ispat Nigam Limited (RINL). The first phase sold...
NPCI Defers Proposed UPI Merchant Fee Until After Diwali
The Unified Payments Interface (UPI) is an instant payment system operated by the National Payments Corporation of India (NPCI). As of 13 October 2026, NPCI had deferred the...
Bangladesh and China Sign Mongla Port Expansion Loan
On 10 October 2026, Bangladesh signed a concessional loan agreement worth $335.78 million with China’s Export-Import Bank to expand and modernise Mongla Port. The loan is equivalent to...
SEBI Introduces Credit Risk-o-Meter for Debt Securities
The Securities and Exchange Board of India (SEBI) mandated a colour-coded Credit Risk-o-Meter for specified debt securities through a circular dated 7 October 2026. The meter presents credit...
Hall and Woodford Win 2026 Economics Nobel
American economists Robert E. Hall and Michael Woodford received the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel on 12 October 2026. The Royal...
