India Forex Reserves: Surged India’s foreign exchange reserves surged by billion, crossing the billion mark for the first time, mainly due to a sharp rise in gold reserves valued at over billion.The rise was driven by RBI’s gold purchases and an increase in global gold prices, while foreign currency assets slightly declined by billion amid […]
Category: Economics Current Affairs
RBI Removes ₹10,000 Crore Lending Limit on Individual Corporate Borrowers
RBI Removes ₹10,000 Crore Lending Limit on Individual Corporate Borrowers: The Reserve Bank of India (RBI) has withdrawn a 2016 circular that limited how much the banking system could collectively lend to a single large corporate borrower. This move marks a step towards liberalising bank lending norms while still maintaining safeguards against concentration risk through […]
Authorized Economic Operator (AEO) Programme
Authorized Economic Operator (AEO) Programme: The World Trade Organization (WTO) recently praised India’s liberalised Authorised Economic Operator (AEO) programme for significantly increasing the participation of micro, small, and medium enterprises (MSMEs) in international trade. AEO is a programme under the aegis of the World Customs Organisation (WCO) SAFE Framework of Standards to secure and facilitate […]
Adani’s Godda Power Plant Approved for National Grid Connection
Adani’s Godda Power Plant Approved for National Grid Connection: The Government of India has approved the connection of Adani Power’s Godda Ultra Super Critical Thermal Plant to the national electricity grid. This 1,600 MW plant in Jharkhand, previously built to export electricity exclusively to Bangladesh, will now also supply power domestically — a decision expected […]
UPI Introduces ‘Pay With Mutual Fund’ for Instant Transactions
UPI Introduces ‘Pay With Mutual Fund’ for Instant Transactions: India’s Unified Payments Interface (UPI) has launched a new feature — ‘Pay with Mutual Fund’. This allows users to make real-time transactions directly from their liquid mutual fund holdings, eliminating the need to transfer funds to a bank account first. Backed by ICICI Prudential AMC, Bajaj […]
NPCI Launches AI-Based ‘UPI Help’ for Payment Query Support
NPCI Launches AI-Based ‘UPI Help’ for Payment Query Support: The National Payments Corporation of India (NPCI) has launched ‘UPI Help’, an AI-powered digital assistant aimed at simplifying grievance redressal and transaction tracking on the Unified Payments Interface (UPI). The new tool promises real-time support for millions of users facing common payment issues, such as failed […]
New Nomination Rules in Banking To Take Effect From November 1
New Nomination Rules in Banking To Take Effect From November 1: The Central Government has announced that updated nomination provisions under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025. These provisions aim to simplify and streamline the nomination process for bank deposits, lockers, and articles in safe custody, ensuring […]
Rangarajan Poverty Line
Rangarajan Poverty Line: Economists from the Reserve Bank of India’s (RBI) Department of Economic and Policy Research published a paper in which they ‘updated’ the Rangarajan Poverty Line for 20 major states of India, using data from the Household Consumption Expenditure Survey (HCES) 2022-23. Key Highlights of RBI’s Paper on Updated Rangarajan Poverty Line: Odisha […]
State of Finance for Forests (SFF) 2025 Report
State of Finance for Forests (SFF) 2025 Report: The first State of Finance for Forests (SFF) 2025 Report by the UN Environment Programme (UNEP) highlights that global investments in forests must triple by 2030 to achieve climate, biodiversity, and land restoration goals. Only US billion was invested in forests in 2023—91% public, 9% private—while US […]
Nirmal Kumar Minda takes over as President of Assocham, with Axis Bank’s Amitabh Chaudhry named Senior Vice‑President
Nirmal Kumar Minda takes over as President of Assocham, with Axis Bank’s Amitabh Chaudhry named Senior Vice‑President: Nirmal Kumar Minda, the Executive Chairman of Uno Minda Group, assumed the role of President of the Associated Chambers of Commerce and Industry of India (Assocham). Alongside him, Amitabh Chaudhry, Managing Director & CEO of Axis Bank, has […]
