Category: Economics Current Affairs

Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS): The Union Home Minister launched India’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) in Gandhinagar, Gujarat.The CBDC-based PDS is a digitally enabled ration distribution system that integrates Central Bank Digital Currency into the Public Distribution System to ensure secure and transparent food grain […]

Consumer Price Index (CPI) Base 2024=100: MoSPI has released the first CPI (Base 2024=100) press note on 12 Feb 2026, reporting Jan 2026 retail inflation at 2.75%.Consumer Price Index (CPI) measures the change in retail prices of a fixed basket of goods and services consumed by households, and is India’s headline retail inflation indicator (YoY […]

Uday Kotak Appointed Chairman of GIFT City: The Gujarat government has appointed Uday Kotak, founder of Kotak Mahindra Bank, as the new Chairman of GIFT City (Gujarat International Finance-Tec City), located in Gandhinagar.He replaces Hasmukh Adhia, who previously served as the non-executive chairman. The appointment order was issued by the Urban Development and Urban Housing […]

RBI Approves 3-Year Extension for Sanjay Agarwal as MD & CEO of AU Small Finance Bank: AU Small Finance Bank has announced that the Reserve Bank of India (RBI) has approved the reappointment of Sanjay Agarwal as Managing Director (MD) and Chief Executive Officer (CEO) for a further period of three years. The new tenure […]

Public Financial Management System: The Minister of State for finance informed the Rajya Sabha about the Public Financial Management System (PFMS). It is a web-based online transaction system for fund management and e-payment to implementing agencies and other beneficiaries. It is a Centralized Transaction System & Platform, providing end to end financial management services to […]

B-READY Assessment: The inclusion of India in the Business Ready (B-READY) 2026 assessment has renewed attention on India’s business reform trajectory. World Bank Group’s Business Ready (B-READY) is a global benchmarking exercise designed to assess the business and investment climate across economies. It replaces the earlier Doing Business Report with a more transparent, comprehensive, and […]

RBI’s Credit and Consumer Protection Reforms: The Reserve Bank of India (RBI) has introduced a series of measures aimed at stimulating key sectors of the economy, like MSMEs, and bolstering consumer protection in the digital age. Measures Introduced by the RBI to Stimulate Key Sectors of the Economy: Doubling Collateral-Free Loans for MSMEs: The limit […]

R Vijay Anandh Named CEO of City Union Bank: Reserve Bank of India (RBI) has approved the appointment of R Vijay Anandh as the new Managing Director and Chief Executive Officer (MD & CEO) of City Union Bank. The decision was communicated through an RBI letter dated February 9, 2026, and the appointment will take […]

India and the Gulf Cooperation Council (GCC) have signed the Terms of Reference for a Free Trade Agreement: Gulf Cooperation Council is a regional political and economic alliance established in 1981.It comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).Objective is to foster economic, security, cultural, and social cooperation among its […]

RBI MPC Keeps Repo Rate Unchanged: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), in its February 2026 meeting, kept the repo rate unchanged at 5.25%, following a 25 basis point cut in December 2025.The decision implies no immediate change in lending and deposit rates. EMIs on repo-linked loans (home, personal loans) are […]