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 […]
Category: Economics Current Affairs
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 […]
India recorded 24,700 maternal deaths in 2023
India recorded 24,700 maternal deaths in 2023: India has reported 24,700 maternal deaths in 2023 a nd with it placed his position among countries who have the highest maternal mortality burden. This numbers are coming rom the global analysis published in The Lancet. The study which is led by researchers from the Institute for Health […]
India Retains 4% Inflation Target for RBI
India Retains 4% Inflation Target for RBI: The Government of India has retained the 4% retail inflation target (with +/- 2% band) for the next 5-year period (1st April, 2026, to 31st March, 2031), reinforcing the flexible inflation targeting (FIT) framework adopted in 2016. This marks the 2nd such extension since March 2021, ensuring long-term […]
Fall in Gold Prices
Fall in Gold Prices: Despite the escalation of the West Asian conflict, global and domestic gold prices have witnessed a sharp and anomalous decline. Traditionally, gold acts as a safe-haven asset during geopolitical or financial crises, but current macroeconomic dynamics have forced a deviation from this historical trend.The West Asian conflict has severely disrupted global […]
RBI Rejects Treasury Bill Bids to Manage Liquidity
RBI Rejects Treasury Bill Bids to Manage Liquidity: The Reserve Bank of India (RBI) rejected all bids at a Treasury Bill (T-Bill) auction to bolster banking system liquidity as the current financial year concludes on 31st March 2026.The move is designed to boost the liquidity surplus by preventing an outflow of Rs 35,000 crore, ensuring […]
Grameen Credit Score for Rural Lending
Grameen Credit Score for Rural Lending: The government has mandated banks to adopt the Grameen Credit Score (GCS) as the default assessment tool for rural borrowers to enhance financial inclusion with a major focus on first-time borrowers who lack a traditional credit history.Grameen Credit Score Announced in the Union Budget 2025-26, the Grameen Credit Score […]
RBI Payments Vision 2028
RBI Payments Vision 2028: The Reserve Bank of India (RBI) has released its ‘Payments Vision 2028’ document, titled Shaping India’s Payment Frontier.This strategic roadmap succeeds the 4Es (Everyone, Everywhere, Every time) vision of 2025, shifting the focus toward deepening consumer trust.It is a comprehensive policy framework and roadmap designed to guide the evolution of India’s […]
The Fuel Excise Duty Cut
The Fuel Excise Duty Cut: The Indian government has reduced excise duty on petrol and diesel by ₹10 per litre to shield consumers and Oil Marketing Companies (OMCs) from rising global crude prices.An excise duty is an indirect tax levied by the Central Government on the manufacture or sale of specific goods within the country.In […]
