Today Current Affairs 14 October 2026 – Compiled from official public sources (PIB, Akashvani, DD News). Important news and authentic facts for UPSC, SSC, UPPSC, Defence, Banking and State competitive exams.
Economy
MDR on select UPI merchant transactions to be implemented after Diwali
The Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) Unified Payments Interface (UPI) transactions will be implemented after Diwali, the National Payments Corporation of India (NPCI) said.
- The UPI and Services Steering Committee decided to defer the implementation until after the festive season, with the specific date to be notified separately.
- The decision comes as businesses and consumers prepare for the festive period, when digital payment transactions typically play an important role in retail activity.
IMF raises India’s GDP growth forecast to 7% for 2026-27
On 13 October 2026, The International Monetary Fund (IMF) has raised India’s GDP growth forecast to 7 per cent for 2026-27, up from 6.4 per cent in July.
- In its flagship World Economic Outlook report, the IMF said the revision in the estimate comes on the back of stronger-than-expected momentum, supported by resilient domestic demand and robust services activity.
Government Schemes
Five years of PM GatiShakti mark significant progress in integrated infrastructure planning and development
The PM GatiShakti National Master Plan has been completed for five years on 13 October 2026, marking significant progress in integrated infrastructure planning and development in the country.
- The master plan was launched on this day in 2021 with the aim of transforming India’s infrastructure landscape.
International
PM Modi Meets Former UK PM Rishi Sunak at Bloomberg New Economy Forum
Prime Minister Narendra Modi met former UK PM Rishi Sunak at the Bloomberg New Economy Forum in New Delhi on 13 October 2026.
- Congratulations on 25 years in public service, a remarkable achievement.
- He also highlighted the strengthening India-UK relationship, particularly in trade, technology and artificial intelligence (AI).
India and Canada agree to deepen strategic partnership across key areas
Prime Minister on 13 October 2026 Narendra Modi and his Canadian counterpart Mark Carney have agreed to build on the positive momentum in bilateral ties and work towards concrete outcomes across key areas of the Strategic Partnership.
- These areas include trade, energy, technology, security and people-to-people ties.
- Both leaders had a warm and productive conversation on 13 October 2026.
Science & Technology
India’s internet subscriber base crosses 111 crores
India’s overall tele-density also rose from 93.26% at the end of March 2026 to 94.31% at the end of June 2026.