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Business

RBI Raises Repo Rate to 5.5% Amid Inflation Concerns

The Reserve Bank of India increased the repo rate by 25 basis points to 5.5%, marking the first hike since February 2023. The Monetary Policy Committee shifted its stance from neutral to calibrated tightening with a 4-2 vote. This move addresses rising inflation, which stood at 4.8% in August, and challenges like poor monsoon and geopolitical tensions. RBI forecasts inflation at 5.2% for the current financial year.

Deccan Herald·

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Technology

Trump Awards National Medal of Science to Elon Musk

US President Donald Trump awarded Tesla and SpaceX CEO Elon Musk the National Medal of Science, calling him a modern-day Thomas Edison, a genius, and a national treasure. The ceremony took place at the US Institute of Peace in Washington DC during the 'A New Golden Age' summit. Trump also honored other tech leaders including Sergey Brin, Jensen Huang, and Lisa Su.

Aaj Tak··Washington DC

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Politics

Allahabad HC Questions Use of 'Andolanjivi' in NSA Detention of Journalist

The Allahabad High Court on October 8, 2026, questioned the use of the term 'Andolanjivi' in the NSA detention order against journalist Satyam Verma, accused in the April 2026 Noida workers' protest. The court asked how the term appeared in the official document signed by Gautam Buddh Nagar DM Medha Roopam and criticized authorities for basing detention on ideology or affiliations. Verma seeks quashing of the detention and compensation.

The Hindu··Allahabad

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Politics

Cornell Protests and Explosive Texts in Chi Phi 'Cornell 7' Rape Case

Cornell University faced protests over its handling of a rape lawsuit filed by 'Jane Doe' against seven former Chi Phi fraternity members, known as the 'Cornell 7.' The civil suit alleges sexual assault, battery, and nonconsensual sharing of intimate photos. TMZ revealed explosive texts between accused Jonathan Newell and Jane Doe amid growing political scrutiny, including a review request by New York Governor Kathy Hochul.

HT World··Ithaca

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Business

GST Council Removes Arrest Powers, Eases Refund Procedures

The GST Council has introduced significant procedural reforms to improve business operations and tax compliance. Key changes include removing tax officers' arrest powers under GST, streamlining registration and input tax credit processes, and expediting refund claims to be resolved within three days. These measures aim to reduce compliance costs and enhance efficiency.

Times of India·

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Science

Study Urges Redesign of Medical Devices for Reuse and Recycling

A study by the WEEE Forum highlights the growing global challenge of medical e-waste, which often goes unrecycled due to contamination fears. Medical devices like diabetes sensors and drug-delivery systems contain valuable materials such as electronics and metals. The study emphasizes redesigning devices to enable reuse and recycling, as currently much medical e-waste is incinerated, losing recovery opportunities. Annual global e-waste is 62 million tonnes, expected to rise to 82 million tonnes in five years.

Deccan Herald··Bengaluru

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