Category: Economics Current Affairs

Minimum Public Shareholding : SEBI SEBI recently proposed to increase the flexibility of Minimum Public Shareholding (MPS) and Minimum Public Offer (MPO) for companies aspiring to get listed, aimed at “simplifying fund-raising by issuers in India. The Minimum Public Shareholding (MPS) rule is a regulatory requirement laid out by SEBI under the Securities Contracts (Regulation) […]

Since 2016, Stand-Up India Scheme has sanctioned ₹62,791 crore to 2.75 lakh SC/ST: The Stand-Up India Scheme, launched in April 2016 to promote entrepreneurship among Scheduled Castes (SC), Scheduled Tribes (ST), and women, has achieved a significant milestone. As of August 2025, banks have sanctioned ₹62,791 crore in loans to 2,75,291 beneficiaries, according to information […]

Special Rupee Vostro Accounts: RBI The Reserve Bank of India (RBI) has allowed non-residents holding Special Rupee Vostro Accounts (SRVAs) to invest surplus balances in government securities, while also removing prior approval for banks to open SRVAs, these steps aimed at boosting rupee trade and internationalising the Indian Rupee. Special Rupee Vostro Accounts (SRVAs) are […]

SBI will charge ₹2–₹10 plus GST for IMPS transfers above ₹25,000 via online channels: The State Bank of India (SBI) has revised its IMPS (Immediate Payment Service) fee structure. Effective August 15, 2025, SBI will impose nominal charges on online IMPS transactions exceeding ₹25,000, a change that affects millions of customers using UPI-linked or net […]

India’s WPI inflation stays negative at –0.58% in July 2025: India’s Wholesale Price Index (WPI)-based inflation remained in the negative zone for the second month in a row, standing at –0.58% in July 2025 on a year-on-year basis. This continued deflation at the wholesale level points to a cooling trend in input prices across key […]

NPCI to Discontinue UPI P2P: From October 1, 2025, NPCI will halt UPI peer-to-peer collect requests to prevent fraud, ensuring all P2P payments are user-initiated for better security. The National Payments Corporation of India (NPCI) has announced that peer-to-peer (P2P) ‘collect requests’ on UPI will be discontinued from October 1, 2025. The decision affects all […]

S&P upgrades ratings of 7 Indian banks and 3 finance firms: S&P Global Ratings has upgraded the credit ratings of 10 Indian financial institutions, including seven banks and three finance companies. This move follows India’s first sovereign credit rating upgrade in 18 years, raising it from ‘BBB-/Positive/A-3’ to ‘BBB/Stable/A-2’. The upgrades reflect improving macroeconomic conditions, […]

India’s Electronics Exports Surge 47% in Q1 2025-26: India’s electronics exports surged by 47% year-on-year in Q1 of FY 2025-26, reaching $12.4 billion, according to Union Commerce and Industry Minister Piyush Goyal. The robust growth reflects the success of ‘Make in India’ and India’s transformation into a global manufacturing hub, particularly in the mobile phone […]

ICICI Bank Reduces Minimum Balance Requirement After Public Outrage: ICICI Bank, India’s second-largest private lender, has revised its minimum average balance (MAB) requirement for new savings account holders after facing widespread criticism. The bank had recently raised the MAB from ₹10,000 to ₹50,000 for new customers in urban areas, but public backlash forced a rollback. […]