Category: Economics Current Affairs

Urban Cooperative Banks : In News The Reserve Bank of India (RBI) proposed resuming the issuance of licenses for Urban Cooperative Banks (UCBs) after nearly two decades. Urban Cooperative Banks are not formally defined but refer to primary cooperative banks located in urban and semi-urban areas The first formal co-operative legislation in India came with […]

Responsible Nations Index: The World Intellectual Foundation (WIF) will launch the Responsible Nations Index (RNI), in collaboration with JNU, IIM Mumbai and Dr Ambedkar International Centre.The Responsible Nations Index is a global ranking framework that evaluates how responsibly countries govern their societies, protect the environment, and contribute to global stability.Aim is to shift global benchmarking […]

M.S. Sahoo Committee: The Pension Fund Regulatory and Development Authority (PFRDA) has set up an expert committee under M.S. Sahoo to design a framework for assured pension payouts under the National Pension Scheme (NPS).The M.S. Sahoo Committee is a 15-member expert group constituted to design a regulatory and operational framework for providing assured, predictable pension […]

RBI Notifies New Foreign Exchange Management (Guarantees) Regulations, 2026: The Reserve Bank of India has introduced a new regulatory framework to govern guarantees involving persons resident outside India. By notifying the Foreign Exchange Management (Guarantees) Regulations, 2026, the central bank aims to improve transparency, simplify compliance, and ensure uniformity in the handling of cross-border guarantees […]

India’s Retail Inflation Touches 3 Month High in December 2025: India’s retail inflation moved up to a three-month high in December 2025, reflecting easing food price deflation and rising core inflation pressures. Official data shows that while inflation remains comfortably below the Reserve Bank of India’s target, price trends in precious metals and rural areas […]

Tripura Gramin Bank Launches India’s First Solar-Powered ATM Van: Tripura Gramin Bank has launched India’s first fully solar-powered ATM van in January 2026. Named ‘TGB on Wheels’, this innovative mobile banking solution aims to provide uninterrupted ATM and basic banking services in rural and remote areas, especially where electricity supply is unreliable or absent.Tripura Gramin […]

Rajasthan’s First Fully Organic Village: Rajasthan has achieved an important milestone in sustainable agriculture. Bamanwas Kankar Panchayat has officially become the first fully organic village body in the state, covering seven hamlets. The achievement highlights India’s growing focus on chemical-free farming, environmental protection, and farmer-friendly agricultural practices. The move strengthens rural livelihoods while promoting healthier […]

National Federation of Cooperative Sugar Factories Limited: The National Cooperative Sugar Federation sought government intervention amid falling sugar prices. It was established in 1960 to build a strong and vibrant co-operative sugar sector in India. It is deemed to be under the Multi State Cooperative Societies Act, 2002. It participates in sugar policy formulation at […]

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), […]