Duo who developed macroeconomic models for stability in booms and recession awarded Nobel in Economics

IANS | October 12, 2026 3:50 PM

New Delhi, Oct 12 (IANS) The Royal Swedish Academy of Sciences on Monday awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, or the Nobel in Economics, to American economists Robert E. Hall and Michael Woodford for developing macroeconomic models that have significantly improved policymakers' ability to stabilise economies during periods of boom and recession.

Nine ITIs to be modernised under PM-SETU investment plan

IANS | October 12, 2026 2:46 PM

New Delhi, Oct 12 (IANS) In a bid to modernise India's vocational training ecosystem, Shareholders' Agreements (SHAs) have been signed under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme, according to an official statement on Monday.

FTAs to open up $85 trillion GDP markets for India: Piyush Goyal

IANS | October 12, 2026 2:12 PM

New Delhi, Oct 12 (IANS) Commerce and Industry Minister Piyush Goyal said on Monday that the new free trade agreements that India has signed will give the country preferential access to the markets of developed countries with a combined GDP of $85 trillion within the next year and a half or so.

Centre asks states, UTs to ensure hospitals display treatment charges prominently

IANS | October 12, 2026 1:55 PM

New Delhi, Oct 12 (IANS) The Union Ministry of Health and Family Welfare on Monday asked all States and Union Territories (UTs) to ensure that clinical establishments prominently display the rates charged for healthcare services and facilities, in a move aimed at enhancing transparency, accountability and patient-centric healthcare delivery.

Govt approves Rs 86 crore support for Peptris’ AI-driven drug development programme

IANS | October 12, 2026 1:39 PM

New Delhi, Oct 12 (IANS) The Technology Development Board (TDB) -- under the Department of Science and Technology (DST) -- has signed an agreement with Peptris Technologies Pvt Ltd to provide financial support of Rs 86 crore under the Research Development and Innovation (RDI) Fund for an AI-led drug development programme, according to an official statement on Monday.

Brent crude likely to hit $90 in December amid supply risks: Report

IANS | October 12, 2026 1:05 PM

New Delhi, Oct 12 (IANS) The international crude oil benchmark -- Brent crude -- is expected to reach $90 a barrel in December 2026, up 6 per cent from a previous forecast of $85, a report has said, citing ongoing supply‑side risks from the West Asia conflict that are keeping a hefty risk premium in time spreads.