PolicyWatchIndia

For Indian Foreign Service officers: India’s foreign policy and the world events that matter to India.

Edition of · updated

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From Delhi · 10

Deccan Chronicle ·

Piyush Goyal says India is working to rebuild relations with China and is open to joint ventures with any country on fair terms

Goyal said geopolitical conditions should not deteriorate and cited issues related to investment from China. Bilateral trade reached $127.7 billion in 2025-26, while the trade deficit widened to $99.19 billion.

For every officerStatementChina

Fortune India ·

Cabinet approves Fairfax’s ₹52,878-crore purchase of 60.72% of IDBI Bank, transferring majority control while government and LIC retain 34%

The sale covers the government’s 30.48% stake and LIC’s 30.24% holding; their post-transaction stakes are expected to be 15% and 19%. The deal still requires regulatory clearances from the Reserve Bank of India and the Securities and Exchange Board of India.

Also: Business Today, Deccan Chronicle, Free Press Journal, New Indian Express, Fortune India, CNBC-TV18, The Tribune

Follow-upUnited States and Canada

Deccan Herald ·

India urges nationals in Saudi Arabia to follow local safety instructions as Riyadh airport remains shut and Indian carriers suspend flights through October 17

The embassy reported that flights at Dammam, Jeddah and Medina continued with some disruptions, while Saudia and Flynas operated specified routes. It also provided updates on injured Indians and assistance for travellers and people facing visa overstays.

Also: ThePrint, India Today, Bloomberg

Follow-upWest Asia and the Gulf

New Indian Express ·

India brings a Principal Purpose Test into force under its Mauritius tax treaty, allowing treaty benefits to be denied when securing them was a principal purpose

The amended agreement took effect on August 10, 2026, and was notified on October 13. It also revises the preamble to address treaty-shopping and tax avoidance; the evidence reports protection for investments made before April 1, 2017, but differs on the treatment of other pre-effective-date arrangements.

Also: Business Standard, CNBC-TV18, Financial Express, BusinessLine

StatementNeighbourhood and Indian Ocean

Indian Express ·

Seven BIMSTEC states adopt Delhi Declaration at first Home Ministers’ meeting and approve pacts on regional security cooperation

The meeting brought together all seven member states. India’s Home Minister called for closer intelligence sharing, financial investigations, mutual legal assistance and extradition against terrorism and cross-border crime; the supplied evidence does not specify the approved pacts’ terms.

Also: IANS, ANI

Neighbourhood and Indian Ocean

Deccan Chronicle ·

Supreme Court asks Ministry of External Affairs to consider a public notice for families of Indians who died fighting in the Russia-Ukraine war

The ministry reported that 51 Indians had died and 77 recruits remained untraced. The Court also asked it to report the compensation amounts paid to six families; Russia had fully satisfied five claims and partly satisfied one.

Also: The Tribune, The Tribune, New Indian Express

Follow-upRussia, Ukraine and Central Asia

Neighbourhood and Indian Ocean · 3

United States and Canada · 5

Deccan Herald ·

US Treasury licence permits specified Russian diesel shipments to global markets through April 7, 2027, as Trump says the fuel is not intended for US buyers

Trump said Russia would supply more than 300,000 tonnes, followed by 500,000 tonnes in November and 1 million tonnes thereafter. The reported estimate of about $400 million in Russian sales is potential gross revenue, not money necessarily received by the Russian government.

Also: Bloomberg, Business Standard, Business Today, Deccan Herald

China · 1

Russia, Ukraine and Central Asia · 1

Europe and the United Kingdom · 4

West Asia and the Gulf · 5

Indo-Pacific · 3

Africa · 2

Latin America · 0

No news card in this edition.

World bodies and global issues · 1

Analysis and opinion · 7

IGC Publications ·

Jonathan Leape told a UK parliamentary inquiry that long-term, demand-led research partnerships can help governments deliver growth, citing an Ethiopian jobseekers system

Leape, executive director of the International Growth Centre, gave oral evidence to the House of Commons International Development Committee on 13 October 2026. The evidence describes an Ethiopian labour market information system set up after IGC research that reaches 2.4 million jobseekers, 65% of them women.

AnalysisEurope and the United Kingdom