IDFC First Bank Fraud: A ₹590-crore fraud involving government accounts in IDFC First Bank has been uncovered in Haryana, with investigations revealing forged cheques, diversion of funds, and involvement of bank officials and private entities.The IDFC First Bank fraud refers to an alleged ₹590-crore financial scam involving diversion of funds from Haryana government department accounts […]
Category: Economics Current Affairs
PSB Reforms under EASE 9.0
PSB Reforms under EASE 9.0: Under the EASE 9.0 reforms agenda, public sector banks (PSBs) will pursue important reforms to prepare PSBs to leverage technology and improve productivity and scale through new business models. Public sector banks will implement a global capability centre (GCC) strategy in FY 2026-27 and prepare a capacity-building roadmap. State Bank […]
Controller General of Accounts
Controller General of Accounts: The Controller General of Accounts (CGA) launched two major initiatives i.e. the Government Bank Dashboard and the Government Bank Manual in New Delhi. CGA is the Principal Accounting Adviser to the Government of India. It was established in 1975 to administer matters pertaining to the departmentalisation of the accounts of the […]
SEBI Mandates Registered Name & Number Disclosure on Social Media
SEBI Mandates Registered Name & Number Disclosure on Social Media: SEBI has issued a new circular mandating all SEBI-registered market intermediaries to disclose their registered name and registration number while posting securities-related content on social media.A regulatory directive issued by the Securities and Exchange Board of India (SEBI) requiring all SEBI-regulated entities and their agents […]
Foreign Portfolio Investors (FPIs) infused ₹22,615 crore into Indian equities in February 2026
Foreign Portfolio Investors (FPIs) infused ₹22,615 crore into Indian equities in February 2026: Foreign Portfolio Investors (FPIs) pumped ₹22,615 crore into Indian equities in February 2026 which is marking the highest monthly inflow in 17 months. The surge comes after three consecutive months of heavy selling and reflects renewed foreign confidence driven by the interim […]
Agreements on Reciprocal Trade
Agreements on Reciprocal Trade: The US administration has aggressively pursued “Agreements on Reciprocal Trade” (ARTs) with developing nations such as Bangladesh, Malaysia, Cambodia, and El Salvador, alongside an interim framework with India.Negotiated under the threat of sweeping punitive tariffs, these ARTs mark a fundamental departure from the rules-based multilateralism of the World Trade Organization (WTO).For […]
CBDC Pilot for Food Subsidy Distribution
CBDC Pilot for Food Subsidy Distribution: India has launched a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in Puducherry, marks a significant reform in the delivery of food subsidy through the Public Distribution System (PDS) by integrating the Digital Rupee (e₹) into the Direct Benefit […]
Reserve Bank of India’s Switch Auction
Reserve Bank of India’s Switch Auction: The Reserve Bank of India (RBI) has announced a Rs 25,000 crore switch auction of Government Securities (G-Secs) to manage debt maturity and reduce redemption pressure in FY27, after earlier conducting two such operations totaling Rs 84,804 crore.Redemption pressure is defined as the financial burden on the government when […]
New GDP Series (Base Year FY23)
New GDP Series (Base Year FY23): The Ministry of Statistics and Programme Implementation (MoSPI) has officially overhauled India’s national accounts, shifting the GDP base year from 2011-12 to 2022-23 and introducing significant methodological shifts to improve accuracy.The GDP base year is a standard reference point used by economists to calculate Real GDP.By using prices from […]
Slice Small Finance Bank Appoints Rajan Bajaj as MD & CEO
Slice Small Finance Bank Appoints Rajan Bajaj as MD & CEO: Slice Small Finance Bank has appointed its founder Rajan Bajaj as the new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the bank’s board, shareholders, and the Reserve Bank of India (RBI), reflecting strong confidence in Bajaj’s leadership […]
