#Economy

Rupee slides to two-month low of 96.31 to the dollar as bond rout and oil surge deepen pressure

The rupee ended Thursday down 0.5% at 96.3150 per dollar — its sharpest single-day fall in over two months — as global bond yields hit decadal highs and Brent crude reclaimed $100 a barrel. State-run banks' dollar sales limited the fall, but foreign outflows and costlier imports keep the pressure on.

2 October 2026 · 1 min read

International

A domino of distress: UNDP warns overlapping crises are battering developing countries

Rising energy costs, the strongest El Nino since 1950 and soaring borrowing costs are pushing developing countries toward the kind of distress last seen in the pandemic, the UNDP chief said on Friday — warning of a domino effect across some 100 countries.

2 October 2026 · 2 min read

Fort St. George, seat of the Tamil Nadu government in Chennai

Opinion

The revenue question: when India's tax kitty booms but Tamil Nadu's shrinks, the government must answer

September's GST data is unambiguous: India collected 14.7 per cent more, Tamil Nadu collected 5 per cent less. A government that claims administrative competence cannot shrug off a shrinking tax kitty in a booming economy.

2 October 2026 · 2 min read

Business & Finance

GST mop-up up 14.7% to ₹2.04 lakh crore in September — but Tamil Nadu's collections fell 5%

India's gross GST collections rose 14.7% year-on-year to about ₹2.04 lakh crore in September, the third straight month above the ₹2 lakh-crore mark. Tamil Nadu bucked the trend: its domestic collections fell 5% to ₹10,188 crore, making it the only major state in the red.

2 October 2026 · 2 min read