UPSC Economy current affairs: budget, RBI policies, inflation, fiscal policy, banking and financial sector updates.
Part of: UPSC Current Affairs 2026 Hub
On 16 Oct 2026, President Donald Trump waived sanctions under the Lindsey O. Graham Sanctioning Russia and Iran Act, allowing India to continue importing Russian crude at near‑current levels. With discounts of about $23 per barrel versus Brent, Russian oil remains a key component of India's energy mix, highlighting the…