Category: Economics Current Affairs

Foreign Exchange Risk Reserve: The Reserve Bank of India (RBI) has unveiled a comprehensive suite of emergency measures to stem the ongoing slide of the Indian rupee. A central highlight of this intervention is the Foreign Exchange Risk Reserve (FERR). The RBI’s strategic deployment of the FERR is being widely analyzed by economists as a […]

Research Development and Innovation Fund: The Research, Development and Innovation Fund (RDIF) has announced the first cohort of 19 Second Level Fund Managers (SLFMs). Research Development and Innovation Fund is a flagship initiative of the Government of India. It aims to provide long-term financing or refinancing with long tenors at low or nil interest rates […]

57th GST Council Meeting: The 57th Goods and Services Tax (GST) Council meeting, chaired by the Union Finance Minister, approved comprehensive procedural and structural reforms to simplify GST registration, refunds, input tax credit, exports and litigation, with most changes expected to take effect from 1st April 2027. Key Outcomes of the 57th GST Council meeting: […]

RBI MPC Raises Repo Rate to 5.50%: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) raised the policy repo rate by 25 basis points to 5.50%. Marking its first rate hike since February 2023, the MPC also officially shifted its policy stance to “calibrated tightening” to address persistent inflationary pressures. Alongside the repo […]

India-Ghana Advance Strategic Cooperation: India’s External Affairs Minister S. Jaishankar visited Ghana to strengthen bilateral cooperation in trade, investment, pharmaceuticals, defence and technology, while deepening engagement with the African Union and ECOWAS. Ghana lies in West Africa on the Gulf of Guinea. It borders Côte d’Ivoire in the west, Burkina Faso in the north and […]

Trade and Development Report 2026: India’s share in global greenfield investments during 2020-25, at 5.7%, is more than double China’s share in such investments during the same period, according to the latest Trade and Development Report 2026 report by UNCTAD. First launched in 1981, it is issued every year by the UN Trade and Development […]

SME Growth Fund: The Union Cabinet approved the Government of India’s commitment of Rs.10,000 crore towards the establishment of the SME Growth Fund (SGF). SME Growth Fund is aimed at catalysing growth-oriented capital for India’s Small and Medium Enterprises (SMEs). It enables the emergence of champion Indian enterprises across manufacturing, services, technology, innovation-driven sectors, and […]

Financial Stability in an Age of Flux: The Reserve Bank of India (RBI) Governor outlined five key priorities to safeguard financial stability amidst growing global uncertainties. He delivered these remarks at the 5th Kautilya Economic Conclave held in New Delhi, under the theme “Resilience in an Age of Flux”.RBI’s five priorities focus on strengthening systemic […]

India’s Journey Towards Universal Literacy: India’s progress in literacy has come into focus as the country continues efforts to achieve universal literacy and strengthen foundational education.Building on this progress, the National Education Policy (NEP) 2020 seeks to address remaining gaps through greater emphasis on foundational literacy and numeracy, equitable access to education, and development of […]