Category: Economics Current Affairs

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 […]

Karur Vysya Bank Cuts Base Rate and BPLR: Karur Vysya Bank has announced a reduction in its lending rates, providing potential relief to borrowers. As per an exchange filing, the private sector bank will revise both its Base Rate and Benchmark Prime Lending Rate (BPLR) with effect from January 7, 2026, reflecting an easing stance […]

Dharmendra Pradhan to Release 41 New Books on India’s Classical Languages: India is taking another step to preserve and promote its classical language heritage. Union Education Minister Dharmendra Pradhan will release 41 newly developed literary works prepared by Centres of Excellence for classical languages. The initiative reflects the government’s focus on making ancient knowledge accessible […]

State-led capital spending: State governments’ ability to sustain capital expenditure has come under focus as several States breached the 3% fiscal deficit norm using enhanced borrowing space during FY2021–FY2025.State-led capital spending refers to expenditure by State governments on asset creation such as roads, irrigation, power, health, education infrastructure, and urban development.It is distinct from revenue […]