October 30, 2026: Prime Minister Narendra Modi launched development projects worth over ₹14,000 crore in Gujarat and released the 24th instalment of the PM-KISAN scheme, amounting to ₹19,000 crore. India’s economic growth is projected at 7.35% for Q2 FY27, according to the Finance Ministry’s October economic review. Meanwhile, domestic equity markets ended higher, with the Sensex gaining 308 points and the Nifty closing above 23,050.
Top India Headlines
- PM Modi Launches Gujarat Projects Worth Over ₹14,000 Crore, Releases 24th PM-KISAN Instalment
Prime Minister Narendra Modi launched development projects worth more than ₹14,000 crore in Banaskantha, Gujarat. The projects include Ahmedabad Metro Phase 2A, covering the airport extension, and Phase 2B, extending connectivity to GIFT City. He also released the 24th instalment of the PM-KISAN scheme, amounting to ₹19,000 crore.
- India’s Economy Projected to Grow 7.35% in Q2 FY27
India’s economy is projected to grow 7.35% in the second quarter of financial year 2026-27, according to the Finance Ministry’s monthly economic review for October. The report attributed the growth outlook to stronger industrial output, higher energy-related activity and continued economic momentum.
- CWC Issues Flood Advisory for West Bengal and Assam After Glacial Lake Outburst in Bhutan
The Central Water Commission issued a special flood advisory for West Bengal and Assam following a reported Glacial Lake Outburst Flood at Shintaphu Lake in Bhutan. The commission warned that water levels could rise suddenly in Alipurduar and Dhubri districts as floodwaters move downstream through the river system.
- Bhutan Issues Public Advisory Following Glacial Lake Outburst Flood
Bhutan’s National Centre for Hydrology and Meteorology issued a public advisory following the glacial lake outburst flood on October 29. The agency reported that an artificial lake had formed at Taktsemakhang, where Sintaphu Chhu and Lungu Chhu/Gangchen Tag Chhu meet, and warned people in potentially affected areas.
- India’s Geospatial Technology Sector to Expand with Startups and Entrepreneurs: Jitendra Singh
Science and Technology Minister Dr Jitendra Singh said the inclusion of startups and entrepreneurs would strengthen India’s geospatial technology ecosystem. Addressing a workshop on government-industry synergy for geospatial transformation in New Delhi, he said the technology had expanded beyond mapping into areas such as defence and logistics.
- Vice-President Calls on Graduates to Apply Gandhian Values to Rural Development
Vice-President C.P. Radhakrishnan urged young graduates to uphold Gandhian values and use their knowledge and skills for rural development. Addressing the convocation ceremony of Gandhigram Rural Institute in Tamil Nadu’s Dindigul district, he emphasised the role of education in contributing to society.
- Jaishankar to Attend G20 Foreign Ministers’ Meeting in Atlanta
External Affairs Minister Dr S. Jaishankar is set to attend the G20 Foreign Ministers’ meeting in Atlanta, chaired by US Secretary of State Marco Rubio. Discussions are expected to focus on strengthening energy supply chains and cooperation on shared economic and security challenges.
- Life-Size Mahatma Gandhi Statue Unveiled in North Dakota, US
A life-size statue of Mahatma Gandhi was unveiled at Peace Park in downtown Bismarck, the capital of North Dakota. The unveiling marks the first such installation in the state and reflects efforts by the Indian-American community to promote Gandhi’s message.
- Baloch Voice for Justice Condemns Sentencing of Two Human Rights Lawyers in Pakistan
Baloch Voice for Justice condemned the sentencing of human rights lawyers Imaan Mazari and Hadi Ali Chatha to 10 years in prison each by an Anti-Terrorism Court in Islamabad. The organisation raised concerns about judicial independence and the freedom to defend human rights in Pakistan.
Business, Economy and Markets
- Sensex Rises 308 Points; Nifty Closes Above 23,050
Indian benchmark equity indices ended higher on October 30. The Sensex gained 308 points, or 0.42%, to close at 74,460, while the Nifty advanced 116 points, or approximately 0.5%, to settle at 23,053. Midcap and small-cap stocks underperformed the frontline indices.
- India’s Corporate Bond Market Reaches ₹61.5 Lakh Crore: SEBI
India’s corporate bond market has reached ₹61.5 lakh crore, according to the latest data released by the Securities and Exchange Board of India. The growth reflects the increasing role of capital markets in helping domestic companies raise funds.
- Gold Falls 0.3%, Silver Declines More Than 1.5%
In the Indian bullion market on October 29, 24-carat gold declined 0.3% to ₹1,42,255 per 10 grams. Silver fell more than 1.5% to ₹1,90,478 per kilogram, according to closing rates from the India Bullion and Jewellers Association.
- Major US Stock Markets End Lower Amid Earnings and AI Spending Concerns
US stock markets ended lower on October 29, with the Nasdaq Composite declining 1.4%. The S&P 500 fell 0.3%, while the Dow Jones Industrial Average slipped nearly 0.3%. Investor sentiment was affected by quarterly corporate earnings and concerns over spending on artificial intelligence.
- Singapore Business Federation Delegation Explores Investments in Uttar Pradesh
A 14-member delegation from the Singapore Business Federation held discussions with Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow. The delegation explored investment opportunities in logistics, semiconductors and green energy, among other strategic sectors.
- Alphabet Reports 25% Rise in Third-Quarter Revenue to Over $127 Billion
Google parent Alphabet reported a 25% year-on-year increase in third-quarter revenue to more than $127 billion, according to the supplied update.
