RBI’s Benchmark Issuance Strategy for State Development Loans: The Reserve Bank of India (RBI) has launched a pilot Benchmark Issuance Strategy (BIS) for State Development Loans (SDLs) starting with the financial year 2026-27 to bring greater discipline, transparency, and liquidity to state borrowings. The RBI Act, 1934 empowers the Reserve Bank to act as a […]
Category: Economics Current Affairs
India Needs GST 2.0
India Needs GST 2.0: The Justice Kurian Joseph Committee on Union-State Relations released a landmark report advocating for GST 2.0.The report warns that the current GST framework has eroded the fiscal autonomy of States and needs a second generation of reforms to restore the federal balance and fix the broken digital tax backbone.The Goods and […]
Vinay Tonse Takes Charge as MD & CEO of YES Bank
Vinay Tonse Takes Charge as MD & CEO of YES Bank: Vinay Tonse has officially taken charge as the Managing Director and CEO of YES Bank. He has over three decades of experience across the retail, corporate and international banking, He steps in at that time when the bank is aim to accelerate the growth […]
United Nations Development Partnership Fund
United Nations Development Partnership Fund: The Indian Permanent Mission to New York with the board of directors of the United Nations Development Partnership Fund, reviewed the whole gamut of the fund’s operations. It was established in 2017, with $150 million, led by the Government of India. The Fund supports Southern-owned and -led, demand-driven and transformational […]
RBI Ban on NDD Contracts
RBI Ban on NDD Contracts: The Reserve Bank of India (RBI) has restricted banks’ participation in Non-Deliverable Derivative (NDD) contracts to curb offshore currency manipulation and stabilize the Indian Rupee (INR) amidst global geopolitical tensions.Following the directive, the Rupee staged a sharp recovery, rallying from below 95 to 93.10 against the US Dollar as speculative […]
General Anti Avoidance Rules
General Anti Avoidance Rules: India has amended income tax rules and has clarified that gains arising from assets acquired before April 1, 2017, will remain outside the ambit of general anti-avoidance rules (GAAR). General Anti Avoidance Rules is an anti-tax avoidance law in India to curb tax evasion and avoid tax leaks. It came into […]
Non-Deliverable Derivative
Non-Deliverable Derivative: The Reserve Bank of India (RBI) gave directive to bar banks from Non-Deliverable Derivative (NDD) contracts in the rupee. An NDD is a derivative contract where two parties agree on a future exchange rate for the rupee, but settle the difference in cash, usually in US dollars. As India has capital controls, offshore […]
Fiscal Deficit : In News
Fiscal Deficit : In News India’s fiscal deficit reached Rs 12.52 trillion by the end of February 2026, accounting for 80.4% of the annual budgetary target. It is notably lower than the 85.8% recorded during the same period in 2024-25. For the full 2025-26 fiscal year, the Centre has set a fiscal deficit target of […]
India’s Net International Liability Comes Down
India’s Net International Liability Comes Down: India’s net financial obligations to the rest of the world saw a notable decline of USD 10.9 billion during the third quarter of the 2025-26 fiscal year. The net claims of non-residents on India decreased to USD 260.5 billion, primarily because the growth in Indian residents’ overseas financial assets […]
Government Cuts SAED
Government Cuts SAED: The Union government has restructured fuel taxation by reducing the Special Additional Excise Duty (SAED) on petrol and diesel while simultaneously increasing export duties on diesel and Aviation Turbine Fuel (ATF) to manage the fiscal health of Oil Marketing Companies (OMCs).The cut is designed to reduce the “under-recoveries” (losses) absorbed by public […]
