Depot Darpan Portal: The government recently said it will soon launch the Depot Darpan portal and mobile application, with an objective to ensure that the food storage depots meet the highest quality and performance standards. Depot Darpan Portal is an initiative of the Ministry of Consumer Affairs, Food & Public Distribution, Government of India. Conceived […]
Category: Economics Current Affairs
Sujata Chaturvedi Appointed As A UPSC Board Member
Sujata Chaturvedi Appointed As A UPSC Board Member: Ms. Sujata Chaturvedi, an accomplished civil servant with over three decades of experience, has joined the Union Public Service Commission (UPSC) as a Member. With a rich professional background spanning both state and central government roles—including as Secretary in the Department of Sports—her appointment is seen as […]
Foreign Institutional Investors
Foreign Institutional Investors: Foreign Institutional Investors (FIIs) became net buyers of Indian equities for the first time in four months in April 2025, registering an inflow of ₹4,223 crore. FIIs are a subset of Foreign Portfolio Investors (FPIs), comprising large institutional investors like mutual funds, pension funds, insurance companies, and hedge funds. FIIs typically adopt […]
India Post Partners with SBI Mutual Fund to Streamline KYC
India Post Partners with SBI Mutual Fund to Streamline KYC: To simplify and expand mutual fund investments across India, particularly in remote regions, the Department of Posts (DoP) and SBI Funds Management Limited (SBIFM) have partnered to offer door-to-door KYC verification services. This collaboration ensures secure, accurate, and convenient onboarding of mutual fund investors, leveraging […]
CSR Spending Witnessed 16% Rise in FY 23-2024
CSR Spending Witnessed 16% Rise in FY 23-2024: CSR (Corporate Social Responsibility) spending by listed Indian companies has surged by 16% in FY 2023-24. This increase follows a period of stagnant expenditure and aligns with a rise in the average net profits of these firms. The CSR law, in effect since 2014, requires eligible companies […]
RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders
RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders: To streamline, digitize, and enhance transparency in the regulatory approval process, the RBI had introduced the PRAVAAH portal in May 2024. Now, to improve compliance and efficiency, the RBI has made it mandatory for all regulated entities to use this online platform for […]
IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse
IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse: Sumant Kathpalia, the Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank, has resigned with immediate effect, taking moral responsibility for severe accounting discrepancies in the bank’s derivatives portfolio. The lapses, which were uncovered during an internal investigation and confirmed […]
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes: The Reserve Bank of India (RBI) has mandated that banks and White Label ATM Operators (WLAOs) ensure that ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis. This directive is set to roll out in phases, with specific deadlines for implementation.The […]
RBI Launches 3 Key Surveys for Monetary Policy Input
RBI Launches 3 Key Surveys for Monetary Policy Input: To fine-tune India’s monetary policy based on real-time household sentiments, the RBI has initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital for assessing inflation trends, consumer confidence, […]
Right to Digital Access: Supreme Court Directs Changes in KYC Process for Disabled Persons
Right to Digital Access: Supreme Court Directs Changes in KYC Process for Disabled Persons The Supreme Court’s ruling to calls for the revision of digital KYC norms to accommodate individuals with disabilities, particularly those with visual disabilities and facial disfigurement (such as acid attack survivors). The case arose from two writ petitions that sought to […]
