India’s Banking Giant SBI Reaches $100 Billion: The State Bank of India (SBI) has achieved a historic dual milestone by crossing $100 billion in market capitalisation and ₹100 trillion in total business. This makes SBI not only the first Indian bank to achieve this scale but also a clear symbol of India’s emerging financial strength and the robustness […]
Category: Economics Current Affairs
IPPB–EPFO MoU for Jeevan Pramaan Services
IPPB–EPFO MoU for Jeevan Pramaan Services: India Post Payments Bank (IPPB) has signed an MoU with the Employees’ Provident Fund Organisation (EPFO) to provide doorstep Digital Life Certificates (Jeevan Pramaan) services for pensioners under the Employees’ Pension Scheme, 1995 a key move toward inclusive and technology-driven pension delivery. Jeevan Pramaan is an Aadhaar-based, biometric-enabled Digital […]
Foreign Liabilities and Assets (FLA) Census 2024-25
Foreign Liabilities and Assets (FLA) Census 2024-25: According to the Reserve Bank of India’s 2024–25 Foreign Liabilities and Assets (FLA) census, the US and Singapore together contributed over one-third of India’s total Foreign Direct Investment (FDI), reaffirming their position as India’s top investment partners. Top Investors: The US (20%) and Singapore (14.3%) together contributed over […]
RBI Data on Household Debt and Asset Growth
RBI Data on Household Debt and Asset Growth: Recent RBI data (2024–25) reveal that Indian households are accumulating debt faster than assets, with annual liabilities rising 102% since 2019–20, outpacing the 48% growth in financial assets. The Reserve Bank of India’s financial accounts data track how Indian households build assets and accumulate liabilities annually, offering […]
SBI Joins India Bullion Exchange
SBI Joins India Bullion Exchange: The State Bank of India (SBI) announced its first gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX). The move, announced on 1 November 2025, is expected to reshape how gold is imported and traded in India, especially benefiting MSME jewellers through better pricing […]
The Book By Kiran Desai Shortlisted For Booker Prize
The Book By Kiran Desai Shortlisted For Booker Prize: Kiran Desai’s The Loneliness of Sonia and Sunny explores love, family, and cultural identity in a cross-continental saga shortlisted for the 2025 Booker Prize. The Loneliness of Sonia and Sunny by Kiran Desai is a richly layered novel that captures the emotional complexity of modern life […]
Kerala Declare Free from Extreme Poverty
Kerala Declare Free from Extreme Poverty: On Kerala Piravi Day, Chief Minister declared Kerala free from extreme poverty, marking India’s first state-level success in achieving this milestone through a four-year Extreme Poverty Eradication Programme (EPEP).According to the World Bank (2025 revision), individuals living on less than $3 per day (2021 PPP) are considered to be […]
The US Citizenship and Immigration Services (USCIS) has ended cheque and money order payments for all immigration
The US Citizenship and Immigration Services (USCIS) has ended cheque and money order payments for all immigration: The US Citizenship and Immigration Services (USCIS) has stopped accepting cheques and money orders for all immigration-related filings. Starting this week, applicants must now authorise payments through electronic debit using Form G-1650, which allows the agency to withdraw […]
India’s GST Revenue Grows 4.6% to ₹1.96 Lakh Crore in October
India’s GST Revenue Grows 4.6% to ₹1.96 Lakh Crore in October: India’s Goods and Services Tax (GST) collections rose to ₹1.96 lakh crore in October 2025, according to official data released on November 1. This marks a 4.6% year-on-year increase, the slowest pace in 52 months, even as collections hit a five-month high. The previous […]
RBI Returns Jana Small Finance Bank’s Application for Universal Bank Licence
RBI Returns Jana Small Finance Bank’s Application for Universal Bank Licence: The Reserve Bank of India (RBI) has returned Jana Small Finance Bank’s (SFB) application to convert into a universal bank, saying it did not meet all the required criteria. The application, submitted in June 2025, was sent back by the regulator late Monday eveningJana […]
