Economy Current Affairs | FERR Rules | IMF | Economy This Week | Drishti IAS English

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Strengthen your UPSC Economy preparation with this important weekly current affairs compilation under the “Economy This Week” series, covering major economic developments from 12th October to 17th October 2026. This session provides an exam-oriented analysis of taxation, foreign exchange regulation, global economic outlook, and India’s external trade relevant for UPSC Prelims, UPSC Mains GS Paper 3, and State PCS examinations.
This episode covers the rise in Net Direct Tax Collections by 13.21% in FY 2026–27, highlighting trends in government revenue, tax buoyancy, fiscal management, and the importance of direct taxes in India’s economy.
The session also explains the RBI’s new Foreign Exchange Risk Reserve (FERR) rules, focusing on foreign exchange exposure, risk management, reserve requirements, and their significance for the banking and financial system.
We further discuss the IMF World Economic Outlook (WEO) – October 2026, covering key global growth projections, inflation trends, economic risks, and the outlook for India and the world economy.
Additionally, the session analyses how India’s trade deficit with China crossed $100 billion in 2026, examining rising imports, bilateral trade trends, external sector concerns, and implications for India’s trade policy.
This session is highly useful for UPSC Prelims 2027, UPSC Mains GS Paper 3, Indian Economy, External Sector, Taxation, RBI, IMF, International Trade, and State PCS aspirants.
Watch the complete session and strengthen your Economy Current Affairs preparation with Drishti IAS English.


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