News Headlines for CAT, CLAT and IPM aspirants
Source: The Hindu , Indian Exp and others

Americans Robert E. Hall, Michael Woodford win Economics Nobel 2026

The Economics Nobel is being awarded to Robert E. Hall of Stanford University and Michael Woodford of Columbia University for “microeconomic foundations of macroeconomic stabilisation”, the Royal Swedish Academy of Sciences said on Monday (October 12, 2026). The ⁠prestigious award is the final prize to be given out this ‌year and is worth 12 million Swedish ‌crowns ($1.2 ⁠million).

Sunil Bharti Mittal conferred France’s highest civilian award

Bharti Enterprises founder and chairman Sunil Bharti Mittal has been conferred the highest civilian award in France, Chevalier de l’Ordre national de la Légion d’Honneur (Knight of the National Order of the Legion of Honour), by French President Emmanuel Macron. Mr. Mittal has been conferred the distinction in recognition of his longstanding commitment to deepening economic ties between India and France and his outstanding achievements in telecommunications and digital infrastructure, a company statement said.

Trump announces Ukraine and Russia have agreed to an ‘energy ceasefire’

U.S. President Donald Trump announced an immediate “energy ceasefire” between Russia and Ukraine on October 11, 2026, though Kyiv reported ongoing Russian strikes on energy sites, including a power plant in Kharkiv, shortly after the statement. While Ukrainian President Volodymyr Zelenskyy welcomed the announcement as positive news and expressed readiness to halt strikes on Russian energy infrastructure if Moscow did the same, Moscow did not immediately comment on the agreement.

Turkiye, Pakistan, Egypt, Saudi Arabia condemn Houthi attacks on Riyadh airport

Turkiye, Pakistan, Egypt and Saudi Arabia condemned attacks by Yemen’s Iran-backed Houthi militants on Riyadh’s international airport, saying they were a “dangerous escalation that cannot be justified or accepted under any pretext.” One person was killed and nearly a dozen were hurt in a new attack on Riyadh’s international airport on Sunday (October 11, 2026), Saudi authorities said, a day after a strike claimed by the Houthis that killed 13 people and wounded more than 300.

Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

Oil prices ‌slipped on Monday (October 12, 2026) on expectations of more Russian supplies after U.S. President Donald Trump said ​Ukraine and Russia had agreed to halt attacks on each other’s energy facilities following ⁠a U.S. diesel-supply deal with Moscow. Brent crude futures fell 11 cents, or 0.11%, to $104.61 a barrel by 0627 GMT while U.S. West Texas Intermediate crude was at $91.36 a barrel, down 49 cents, or 0.53%. Both benchmarks were down more ‌than 1% earlier in the session.

Delhi police accused of beating, assaulting detainees, denying them basic rights

Detainees’ accounts of beatings, assaults, and excessive force used by the Delhi police over the last few days have raised concerns about post-detention practices of law enforcement personnel. Thousands of protesters have been detained by the police in the national capital on October 10, 11, and 12, including journalists, members of youth organisations, and minors.

INDIA bloc marches through Delhi, takes SIR protest to Supreme Court

On a day when Delhi Police denotified Jantar Mantar as a designated protest site, a sizeable crowd walked down arterial roads in the capital, tailing a procession of buses carrying INDIA bloc leaders from Constitution Club to the Supreme Court, where Rahul Gandhi and other top leaders of the coalition filed a petition over the alleged large-scale voter deletions and irregularities in the special intensive revision (SIR) of electoral rolls.

Doval speaks to Iran NSA, discusses ‘latest developments’ after ships attacked in Hormuz

National Security Advisor (NSA) Ajit Doval spoke to his Iranian counterpart Mohsin Rezaei on Monday evening, the Iranian government said, a day after two merchant ships with Indian crew members were attacked in the Strait of Hormuz.

Arlekar new full-time Governor of T.N., Sudha Yadav to take charge in Karnataka in new gubernatorial appointments

President Droupadi Murmu on Monday effected some changes in Governors across six States, with Rajendra Arlekar to now serve as full-time Governor of Tamil Nadu, where he had been holding additional charge along with Keralam till now, and O.P. Mathur, who was serving as Governor of Sikkim to now serve as Governor of Keralam.

Supreme Court wants cap on trade margin for all essential medicines and medical products

Even as the Centre informed the Supreme Court on Monday that it had decided to cap trade margins at 30% for non-scheduled cancer drugs, the court questioned why the benefit of such price regulation should be confined to cancer drugs and not extended to other essential medicines and medical products.

Keralam Assembly passes resolution seeking removal of CEC Gyanesh Kumar, steps to restore credibility of ECI

The Keralam Legislative Assembly on Monday (October 12, 2026) passed a resolution seeking the removal of the Chief Election Commissioner (CEC) Gyanesh Kumar and steps to improve transparency in the functioning of the Election Commission of India (ECI). The ruling Congress-led United Democratic Front (UDF) and the Opposition CPI(M)-led Left Democratic Front (LDF) supported the resolution moved by Chief Minister V.D. Satheesan.