SBI Launches Major Social Loan for Women Empowerment: The State Bank of India (SBI) has announced the launch of a $500 million syndicated social loan facility. Which is aimed at strengthening women’s economic empowerment and promoting gender equality. This initiative was unveiled ahead of International Women’s Day. The funding programme focuses on supporting projects […]
Category: Economics Current Affairs
RBI Approves Ketan Merchant as Interim CEO of Fino Payments Bank
RBI Approves Ketan Merchant as Interim CEO of Fino Payments Bank: The Reserve Bank of India (RBI) has approved the appointment of Ketan Merchant as interim CEO of Fino Payments Bank. This appointment approval for a temporary period of three months. The decision was announced on March 6 2026. The decision comes following the arrest […]
Reserve Bank of India (RBI) has announced Open Market Operation
Reserve Bank of India (RBI) has announced Open Market Operation: The Reserve Bank of India (RBI) has announced Open Market Operation (OMO) purchases worth Rs 1 lakh crore in two tranches to infuse liquidity into the banking system.The OMO purchases of Rs 50,000 crore each are scheduled just ahead of advance tax outflows, which typically […]
The Essential Commodities Act, 1955 (ECA)
The Essential Commodities Act, 1955 (ECA): In response to an energy crisis triggered by recent geopolitical strikes on Iran, the Centre invoked the Essential Commodities Act (ECA), 1955. The Essential Commodities Act is a central legislation enacted to control the production, supply, and distribution of specific commodities deemed essential for the general public. It empowers […]
India Forex Reserves Reach Record $728.5 Billion At End February 2026
India Forex Reserves Reach Record $728.5 Billion At End February 2026: India’s forex reserves reached a record level of $728.49 billion in the week end February 27, 2026. This data are according to released by the Reserve Bank of India (RBI). India’s foreign exchange reserves increased by $4.88 billion during the week. The main reason […]
Andhra Pradesh Announces ₹25,000 Incentive for Second and Third Child
Andhra Pradesh Announces ₹25,000 Incentive for Second and Third Child: The Andhra Pradesh government has announced a financial incentive of ₹25,000 for couples who have a second or third child. This idea came up to as part of a new population boost policy introduced by Chief Minister N. Chandrababu Naidu. This initiative aims to address […]
IDFC First Bank Fraud
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 […]
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 […]
