First Human Capital Index by World Bank
The Human Capital Index launched by the World Bank ranks 157 countries based on the impact of education and health, on productivity. The first was launched in Bali, Indonesia on October 11, 2018. Singapore currently, tops the rankings.
Indian Growth Rate Predicted to Increase
The International Monetary Fund predicted an increase in the growth rate of India to 7.3% in 2018 and 7.4% in 2019. This was stated in the World Economic Outlook report released by the IMF on October 9, 2018.
Bi-monthly Monetary Policy Statement 2018-19 Released
The Reserve Bank of India released the fourth statement on October 5, 2018. The Monetary Policy Committee comprising of six members kept the policy Repo rate unchanged at 6.5%.