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PoliticsPhoto: News18

Sitharaman Blames UPA for PSB Bad Loans, Responds to Akhilesh

Union Finance Minister Nirmala Sitharaman criticized the UPA government for damaging public sector banks (PSBs) with bad loans and crony capitalism. She defended the Modi government's efforts to revitalize the banking sector and expand financial access. The dispute arose after Samajwadi Party chief Akhilesh Yadav called the IDBI Bank-Fairfax deal a “Season End Sale,” prompting Sitharaman's strong rebuttal.

News18·

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WorldPhoto: TOI World

Indian Nurse in Australia Faces Racism, Questions Staying Abroad

A 24-year-old Indian nurse working in Australia shared on Reddit that she faces racism at her workplace and feels lonely, leading her to dislike life there. Despite having a secure job and the possibility of permanent residency in two years, she is considering whether these challenges justify returning to India.

TOI World·

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PoliticsPhoto: Deccan Herald

Karnataka HC Strikes Down Increased SC/ST Reservation Law

The Karnataka High Court invalidated the law raising Scheduled Castes reservation from 15% to 17% and Scheduled Tribes from 3% to 7%, citing breach of the 50% reservation ceiling set by the Supreme Court in 1992. The court noted Karnataka failed to prove extraordinary circumstances or conduct a rigorous assessment. It also criticized the government for not consulting national SC/ST commissions before passing the law.

Deccan Herald··Bengaluru

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BusinessPhoto: TOI Business

Wholesale Inflation Hits 30-Month High at 11.4% in September

Wholesale inflation measured by the wholesale price index (WPI) rose sharply to 11.4% in September, marking a 30-month high. This increase from 9.9% in August was driven by higher fuel and manufactured goods prices. In contrast, WPI was -0.2% in September 2025, indicating a significant inflation surge this year, according to official data released Wednesday.

TOI Business·

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BusinessPhoto: TOI Business

IDBI Sale to Boost Value; New Management Given Free Hand

The government stake sale in IDBI Bank aims to increase the bank's value while fully protecting the interests of employees and Centre-nominated directors. LIC will exit the board to allow the new management complete freedom, a senior government official told TOI on Wednesday.

TOI Business·

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TechnologyPhoto: NDTV

Elon Musk Blames Trump Administration for Starshield Delays in Ukraine

Elon Musk stated that Starshield systems are owned and controlled by the US government, and any restrictions on their speed or usage are determined by the US military and ultimately by then-President Donald Trump. He attributed the slowdown of Starshield services in Ukraine to decisions made during the Trump administration.

NDTV·

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