Category: Economics Current Affairs

Catastrophe Bonds: Facing recurrent climate-induced disasters, Kerala has urged the Union government to introduce catastrophe (CAT) bonds as a financial safety net against disaster-related losses during pre-Budget consultations for Union Budget 2026–27. Kerala’s repeated disasters strain public finances, highlighting the need for climate-resilient financing tools like CAT bonds, recognised in its Risk-Informed Master Plan (2022), […]

RBI Proposes 75% Cap on Banks Dividend Payouts: India’s banking regulator has proposed a key reform to ensure long term financial stability of banks. As banks report stronger profits and improved asset quality, the focus has now shifted to prudent capital management. The proposed move seeks to balance rewarding shareholders while ensuring banks retain sufficient […]

Axis Bank Launches ‘Safety Centre’ to Boost Digital Banking Security: Axis Bank has introduced a new feature called ‘Safety Centre’ on its mobile banking app to strengthen customer protection against digital fraud. The facility allows users to manage and control key banking functions directly through the app, without visiting a branch or contacting customer care.Axis […]

IDFC FIRST Bank Launches ‘Zero-Forex Diamond Reserve Credit Card’: IDFC FIRST Bank announced the launch of its premium offering — the ‘Zero-Forex Diamond Reserve Credit Card’. Designed specifically for frequent international travellers and premium lifestyle spenders, this card eliminates foreign exchange markup while offering a wide range of travel, insurance, and reward benefits.The launch strengthens […]

HSBC Private Bank Appoints Ida Liu as CEO: HSBC Private Bank has made a significant leadership announcement that is highly relevant for competitive exams and current affairs preparation. In January 2026, the bank appointed Ida Liu as its new Chief Executive Officer (CEO), marking an important development in the global banking and wealth management sector.HSBC […]

Goa CM Pramod Sawant Launches Second Edition of ‘History That India Ignored’: Goa Chief Minister (CM) Pramod Sawant launched the second edition of the acclaimed book titled ‘History That India Ignored’, authored by Prem Prakash, a veteran journalist and Chairman of Asian News International (ANI). The launch event took place in Panaji, Goa, bringing renewed […]

Apparel Export Promotion Council: A Sakthivel has been recently appointed as the chairman of the Apparel Export Promotion Council (AEPC), marking his fifth term at the helm of the organization. It was established in 1978 under the provisions of the Foreign Trade (Development and Regulation) Act of 1992. It is the official body of apparel […]

Weimar Triangle: India’s External Affairs Minister recently participated in India’s first-ever engagement in the Weimar Triangle, with French and Polish counterparts along with German representatives. Weimar Triangle is a regional political grouping of France, Germany and Poland. It was formed by a joint declaration issued in Weimar, Germany, by the Foreign Ministers of the three […]

First meeting of the Payments Regulatory Board: The first meeting of the Payments Regulatory Board (PRB) was held in Mumbai under the chairmanship of Sanjay Malhotra, marking the operationalisation of the new payments governance framework.The Payments Regulatory Board (PRB) is the statutory body through which the Reserve Bank of India exercises regulatory and supervisory powers […]