Category: Economics Current Affairs

Central Board of Indirect Taxes and Customs : In News In line with the Union Budget 2025–26, the Central Board of Indirect Taxes and Customs (CBIC) has introduced major trade facilitative measures for Air Cargo and Transhipment to enhance logistics efficiency and simplify customs procedures. CBIC is part of the Department of Revenue, under the […]

Anant Ambani Appointed Executive Director of Reliance Industries Ltd: The board of Reliance Industries Ltd (RIL) has approved the appointment of Anant Ambani as the Executive Director of the company for a term of five years, effective from May 1, 2025. This marks a major step in the generational leadership transition within the conglomerate, making […]

SEBI Revises Cut-Off Timing for Overnight Mutual Funds: The revised timings aim to support SEBI’s upstreaming framework introduced in December 2023, ensuring better fund security and operational alignment across the ecosystem. The Securities and Exchange Board of India (SEBI) has revised the cut-off timing for redemption in overnight and liquid mutual fund schemes, effective June […]

Non-Tariff Barriers: During his visit to Jaipur, US Vice President urged India to eliminate non-tariff barriers (NTBs) to enhance market access for American goods. NTBs are trade restrictions other than customs duties that hinder the free flow of goods and services across borders. They include both technical (e.g., certification) and non-technical (e.g., quotas) regulatory measures. […]

Gold Prices Rise: Gold prices in India have hit historic highs, breaching ₹1 lakh per 10 grams on MCX, driven by global stagflation concerns, US-China tensions, and rising central bank demand, including the RBI. The gold rate refers to the market price of gold, typically measured per 10 grams in India. It serves as a […]

IISc Tops Times Higher Education Asia Rankings 2025: The Times Higher Education (THE) Asia University Rankings 2025 were unveiled on April 23, showcasing the top universities in Asia. With 853 universities from 35 countries and territories included in this year’s rankings, the list highlights the leading institutions excelling in research, teaching, and innovation across the […]

Life Insurance Premium Mobilisation Rises by 5.13% in FY25: The Indian life insurance industry witnessed a healthy growth of 5.13% in total new business premium collection in the financial year 2024–25, showing improved momentum compared to the previous year. The individual new business premium segment surged by 11.17%, indicating increased participation from first-time policyholders. This […]

RBI Eases LCR Norms, Imposes 2.5% Additional Run-Off Factor on Digital Deposits: The Reserve Bank of India (RBI) has introduced significant amendments to its Liquidity Coverage Ratio (LCR) framework with the objective of enhancing liquidity risk management among commercial banks while aligning domestic norms with global standards. One of the key changes is the imposition […]

1% TCS on Luxury Goods Over ₹10 Lakh: India has taken an unprecedented step by terminating the Indus Water Treaty (IWT) with Pakistan, a move that signifies the most serious breakdown in diplomatic relations between the two nations in recent years. Alongside the treaty’s termination, the Atari-Wagah border has been sealed, visa services for Pakistani […]