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In the raids conducted across the country, CBI searched 169 locations in connection with 35 bank fraud cases involving funds of over Rs 7,000 crore.

On the fourth and final day of the Chhhath Puja, devotees in different parts of India thronged river banks to offer 'Arghya' to the rising sun on Sunday.

In Bengal, it has almost become a norm to safeguard illegal immigrants from Bangladesh. The problem is not new and parties such as the Congress, CPI(M) and now the TMC have all been protective of these elements as it had become their vote bank. Once declared an illegal immigrant, these persons lose their voting rights and this is what the political parties opposing NRC are really worried about.

 

Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank up by 3.7%, IT by 1.4% and FMCG by 1%.  
               

On October 15 while Delivering a lecture at the prestigious Columbia University's School of International and Public Affairs, Finance Minister Nirmala Sitharaman said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Dr. Manmohan Singh responded to this comment of Sithraman and said that this government should stop blaming the opponents and focus on solving the issue. “This government has now been in office for five years. It should have learnt from our mistakes and provided a credible solution for the economy. Watch The Video For More Updates.

Private lender Yes Bank was up by 8.2%, Coal India by 3.3%, Adani Ports by 3.2% and Maruti by 3.1% as the BSE S&P Sensex closed 246 points higher.

Finance minister Nirmala Sitharaman in in Washington attending the annual meeting of the International Monetary Fund (IMF) and the World Bank. She said that although the IMF has projected a reduced growth rate for India, the economy of the country continues to be among the fastest in the world. 

Prime Minister Narendra Modi on Thursday (October 17) said that the remarks of every person, who ridiculed and stood against the decision of abrogation of Article 370 in Jammu and Kashmir, would be discussed in the future. Uttar Pradesh government, on Thursday (October 17), stated that chief minister Yogi Adityanath will grace the Deepotsav (a festival of lamps) celebrations on October 26 in Ayodhya, where more than 5.5 lakh earthen lamps will be lit a day ahead of Diwali. All this and more on MyNation in 100 seconds.
 

The World Bank has said that India has reduced its poverty rate by half since 1990 and has achieved a growth rate of over seven percent in the last 15 years. Prior to the meeting with the International Monetary Fund, the World Bank underlined India's role in global development. It said that India has played an effective role in reducing extreme poverty and has made strong improvements in human development. Watch The Video For More Details.

To mitigate the flow of unused water from its share of river water usage as enshrined in the Indus Waters Treaty, India is planning to build dams in Uttarakhand and divert it to the households of Haryana and Rajasthan

Union finance minister Nirmala Sitharaman's message to the industry reiterated India's commitment to transparent policy-making, implementing banking reforms in close collaboration with the RBI, creating liquidity flow, exploring ways to bring in private sector investments and deepening economic reforms.

Sensex reached over 150 points amid sustained fund inflow. The Nifty also rose to 11,479. Top gainers in the Sensex pack included Bajaj Finance, Yes Bank, HDFC Bank, RIL, Tata Motors, Bajaj Auto, Tata Steel and ONGC, rising up to 3 per cent.

Union finance minister Nirmala Sitharaman met customers of Punjab & Maharashtra Co-operative (PMC) Bank here on Thursday and heard their woes

This is the first time that India has received details from Switzerland under the AEOI framework. The next exchange would take place in September 2020.

Banking giants are incurring losses due to low interest rates, Brexit and trade wars. Thus HSBC,  Commerzbank, Deutsche Bank and Societe Generale will ask thousands of employees to leave.