Category: Economics Current Affairs

Niveshak Shivir Initiative: IEPFA and SEBI jointly convened a strategic meeting, to launch the “Niveshak Shivir” initiative to help investors reclaim unclaimed dividends and shares.A nationwide investor assistance and outreach program to help investors reclaim unclaimed dividends and shares with ease.Launched by: Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs, […]

RBI Slaps Penalties on SBI and Jana Small Finance Bank for Regulatory Lapses: The Reserve Bank of India (RBI) has imposed monetary penalties on two banks — State Bank of India (SBI) and Jana Small Finance Bank — for deficiencies in compliance with banking norms. The action underlines the central bank’s strict approach toward ensuring […]

Uttar Pradesh Partners with World Bank to Launch UP AGREES & AI Pragya Initiatives: Uttar Pradesh Chief Minister Yogi Adityanath, in the presence of World Bank President Ajay Banga, launched two transformative initiatives — UP AGREES and AI Pragya — aimed at revolutionizing agriculture and promoting digital skill development across the state. These World Bank-supported […]

UK’s Proposed Carbon Border Tax: India has stated it will retaliate if the UK imposes a carbon tax (CBAM) on Indian exports starting January 2027, calling it a violation of the CBDR (Common But Differentiated Responsibilities) principle under international climate agreements. CBAM is a form of carbon tax on imports imposed by developed countries (like […]

Moody’s Cuts India’s 2025 GDP Forecast to 6.3% Amid Global Trade Uncertainty: Moody’s Ratings has revised India’s GDP growth forecast for the calendar year 2025 down to 6.3%, citing heightened global policy uncertainty, especially from the United States, persistent trade tensions, and increasing geopolitical risks as major contributing factors. The agency, however, retained its growth […]

SBI Launches Largest Staff Engagement Initiative to Empower Workforce: The State Bank of India (SBI), India’s largest public sector bank, has launched a massive employee engagement and skill development initiative titled ‘Next LEAP’ and ‘SuPer SBI: Great to Greater’ to make its workforce future-ready and boost performance, pride, and productivity. This marks the largest such […]

Centre Notifies ₹1.5 Lakh Free Treatment Plan for Crash Victims: The Central Government has officially notified the Cashless Treatment of Road Accident Victims Scheme, 2025. The scheme aims to provide immediate, cashless medical treatment up to ₹1.5 lakh for accident victims across India, covering the first seven days after an incident. Effective from May 5, […]

Orange Economy: Prime Minister of India championed the ‘orange economy’ at the World Audio Visual and Entertainment Summit (WAVES) 2025 in Mumbai, urging global companies to “Create in India, Create for the World.”The orange economy, also called the creative economy, includes economic activities driven by culture, art, media, innovation, and intellectual property.It spans film, music, […]

RBI’s Gold Reserves Soar with 57.5 Tonne Purchase in FY25: The Reserve Bank of India (RBI) added 57.5 tonnes of gold to its reserves in FY25, the second-highest annual addition since it began accumulating gold in 2017. This comes amid a dramatic surge in gold prices, driven by global uncertainties, geopolitical risks, and weakening of […]

SBI to Power Banking Services at 26 Land Ports Across India: In a move aimed at enhancing India’s border trade infrastructure, the State Bank of India (SBI) has formalized a partnership with the Land Ports Authority of India (LPAI). The collaboration will equip 26 land ports with modern banking facilities to promote smoother trade and […]