Supply and Use Table: The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘Supply and Use Tables of 2020-21 and 2021-22’. It represents a detailed snapshot of all economic activities taking place in the economy. They are powerful analytical tools that present the structure of an economy as well as interlinkages among the […]
Category: Economics Current Affairs
Skill Impact Bond
Skill Impact Bond: The Minister of State for Skill Development and Entrepreneurship cited the Skill Impact Bond (SIB) as delivering measurable social impact. It is an innovative financing tool aimed at improving employment outcomes for young people, Under this initiative, first skills are provided to young people, and then jobs are provided to them or […]
Digital Payments Index
Digital Payments Index: The Reserve Bank of India (RBI) announced that its Digital Payments Index (RBI-DPI) surged to 493.22 in March 2025, up from 465.33 in September 2024. It has been constructed by the Reserve Bank of India to measure the extent of digitisation of payments across the country. It was first launched in January […]
The Banking Laws (Amendment) Act, 2025
The Banking Laws (Amendment) Act, 2025: The Banking Laws (Amendment) Act, 2025 will come into effect from 1st August 2025, introducing reforms to bank governance, audit transparency, depositor protection, and cooperative bank regulation. The Banking Laws (Amendment) Act, 2025: A comprehensive reform law notified by the Ministry of Finance, the Act amends 5 key legislations […]
India Records 65,000 Crore Digital Payments Worth ₹12,000 Trillion in Six Years
India Records 65,000 Crore Digital Payments Worth ₹12,000 Trillion in Six Years: India’s journey toward becoming a digital economy has seen remarkable progress over the last six years. According to the government, between FY19 and FY25, the country recorded over 65,000 crore digital payment transactions worth ₹12,000 trillion. This surge, primarily driven by the Unified […]
IMF Raises India’s Growth Forecast to 6.4% for 2025 and 2026
IMF Raises India’s Growth Forecast to 6.4% for 2025 and 2026: The International Monetary Fund (IMF) has revised upward India’s economic growth forecast to 6.4 percent for both 2025 and 2026, reaffirming India’s position as the fastest-growing major economy in the world. The new projection marks an improvement from the IMF’s April 2025 World Economic […]
“State of the Economy” : RBI
“State of the Economy” : RBI The Reserve Bank of India’s article titled “State of the Economy” offers a cautiously optimistic view of the Indian economy, amid global and trade-related uncertainties. Retail inflation (measured by the Consumer Price Index (CPI) fell from 5.4% in 2023–24 to 2.1% in June 2025, the lowest since January 2019. […]
India Resumes Tourist Visas for Chinese Citizens After Five Years
India Resumes Tourist Visas for Chinese Citizens After Five Years: India has officially resumed the issuance of tourist visas to Chinese nationals after a five-year pause, marking a significant diplomatic and people-to-people development. This step reflects a cautious yet positive recalibration in India-China bilateral ties, especially in the realm of tourism, soft diplomacy, and regional […]
Financial Inclusion Index
Financial Inclusion Index: The Reserve Bank of India has informed that the Financial Inclusion Index of the FI index for Financial Year 2025 has improved and stands at 67 percent as compared to 64.2 percent for FY 2024. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as […]
Fino Payments Bank Launches “GATI” Savings Account
Fino Payments Bank Launches “GATI” Savings Account: Fino Payments Bank has launched a new digital savings account named “GATI” a term meaning “speed” in several Indian languages with the aim to deepen UPI transaction penetration in rural and semi-urban areas of West Bengal. By offering an affordable, zero-balance account with instant transaction capability, Fino seeks […]
