Category: Economics Current Affairs

1.03 Crore New Workers Added to ESIC: The Union Labour Ministry announced that reforms in Employees’ State Insurance Corporation (ESIC) and Employees’ Provident Fund Organisation (EPFO), particularly the Scheme to Promote Registration of Employers/Employees (SPREE), have extended social security coverage to over one crore workers.Under SPREE, a one-time, penalty-free window enabled unregistered employers and employees […]

India Emerges as a Global Cooperative Powerhouse: The United Nations has declared 2025 as the International Year of Cooperatives (IYC), highlighting India’s emergence as a global leader with over 8.5 lakh registered cooperatives and a renewed policy focus under the vision of “Sahkar Se Samriddhi.” India accounts for approximately 27% of all cooperatives worldwide, making […]

Reserve Bank Integrated Ombudsman Scheme, 2026: The revised Reserve Bank – Integrated Ombudsman Scheme, 2026, unveiled by the central bank recently, aims to enhance complaint resolution efficiency for bank customers. It is aimed at further improving the efficiency of the resolution of complaints filed by aggrieved customers of banks and other regulated entities. It will […]

World Bank Raises India’s GDP Growth Forecast to 7.2% for FY26: The World Bank has raised India’s GDP growth projection to 7.2% for FY26 in its Global Economic Prospects report, citing strong domestic demand and tax reforms. Growth is expected to moderate to 6.5% in FY27, even as India remains the fastest-growing major economy.According to […]

Urban Cooperative Banks : In News The Reserve Bank of India (RBI) proposed resuming the issuance of licenses for Urban Cooperative Banks (UCBs) after nearly two decades. Urban Cooperative Banks are not formally defined but refer to primary cooperative banks located in urban and semi-urban areas The first formal co-operative legislation in India came with […]

Responsible Nations Index: The World Intellectual Foundation (WIF) will launch the Responsible Nations Index (RNI), in collaboration with JNU, IIM Mumbai and Dr Ambedkar International Centre.The Responsible Nations Index is a global ranking framework that evaluates how responsibly countries govern their societies, protect the environment, and contribute to global stability.Aim is to shift global benchmarking […]

M.S. Sahoo Committee: The Pension Fund Regulatory and Development Authority (PFRDA) has set up an expert committee under M.S. Sahoo to design a framework for assured pension payouts under the National Pension Scheme (NPS).The M.S. Sahoo Committee is a 15-member expert group constituted to design a regulatory and operational framework for providing assured, predictable pension […]

RBI Notifies New Foreign Exchange Management (Guarantees) Regulations, 2026: The Reserve Bank of India has introduced a new regulatory framework to govern guarantees involving persons resident outside India. By notifying the Foreign Exchange Management (Guarantees) Regulations, 2026, the central bank aims to improve transparency, simplify compliance, and ensure uniformity in the handling of cross-border guarantees […]

India’s Retail Inflation Touches 3 Month High in December 2025: India’s retail inflation moved up to a three-month high in December 2025, reflecting easing food price deflation and rising core inflation pressures. Official data shows that while inflation remains comfortably below the Reserve Bank of India’s target, price trends in precious metals and rural areas […]