GST relief: Footwear to get cheaper? Rate on apparels priced up to Rs 2,500 cut to 5%

Inflation in FY26 and FY27 is projected to be significantly lower than the Reserve Bank of India's estimates, according to a State Bank of India report, which cites strong monsoon conditions and recent GST rationalization as key factors. The RBI has revised its CPI inflation forecast for FY26 to 2.6%, while SBI suggests it could be even lower, indicating a stable economic outlook despite global uncertainties. Want More Context? 🔎

The Reserve Bank of India has implemented significant reforms to enhance corporate credit access, lifting restrictions on bank financing for mergers and acquisitions, and raising loan limits against shares from Rs 20 lakh to Rs 1 crore. These measures, effective from October 2025, aim to stimulate capital market participation and reduce borrowing costs, aligning Indian banks more closely with global standards. Want More Context? 🔎

The Union cabinet approved significant increases in minimum support prices for six rabi crops, with wheat rising by 6.6% to Rs 2,585 per quintal for the 2026-27 season. Safflower saw the highest hike, promoting oilseed cultivation, and farmers are expected to earn Rs 84,263 crore from the anticipated procurement of 297 lakh tonnes. Want More Context? 🔎

Ricky Hatton, the renowned English boxer known as "The Hitman," was found dead at his home in Hyde, Greater Manchester, at age 46, with police reporting no suspicious circumstances. His passing, shortly after announcing a comeback fight, has deeply saddened the boxing community, which remembered him for his legendary career, personal struggles, and impactful legacy. Want More Context? 🔎

Former Union Home Minister P. Chidambaram denied media reports suggesting the US directly halted India's military response after the 26/11 attacks, asserting he was misquoted. He acknowledged that although he supported retaliation, international diplomatic pressure, particularly from then-US Secretary of State Condoleezza Rice, swayed the Manmohan Singh government against taking military action. Want More Context? 🔎

Alexander Wang's Insights on AI and YouthMeta AI chief Alexander Wang, in a recent podcast, urged teens to engage in "vibe-coding" and invest 10,000 hours in AI tools for a competitive edge. He also highlighted AI's capability to revolutionize coding, asserting that within five years, AI could write all code he's worked on, emphasizing the transformative role of engineers in the AI era. Want More Context? 🔎