Category: Economics Current Affairs

One State, One RRB Policy: The Ministry of Finance has notified the amalgamation of 26 Regional Rural Banks (RRBs) across 10 states and 1 union territory under the “One State, One RRB” policy, effective from May 1, 2025, reducing the total number of RRBs to 28.A reform initiative of the Department of Financial Services aimed […]

Bear Market: The S&P 500 briefly entered bear market territory, dropping over 20% due to escalating US tariffs under President Trump. This is the first such decline since 2022, triggering global recession fears and investor panic. A bear market refers to a situation where a stock index declines by 20% or more from its recent […]

Satish Chavva Appointed as CEO of OIJIF: The Oman India Joint Investment Fund (OIJIF) has appointed Satish Chavva as the Chief Executive Officer (CEO). This appointment, announced on April 8, 2025, comes as part of the fund’s efforts to strengthen its leadership and strategic growth initiatives. With over two decades of experience in private equity […]

University Grants Commission : In News The University Grants Commission (UGC) has notified the “Recognition and Grant of Equivalence to Qualifications Obtained from Foreign Educational Institutions Regulations, 2025”. These regulations were finalised after public feedback on the 2023 draft and aim to provide a transparent, structured, and standardised process for recognising foreign academic qualifications. This […]

Government Set To Implement “One State, One RRB”: The Indian government is set to implement the “One State, One RRB” (Regional Rural Bank) policy to improve operational efficiency, reduce competition, and consolidate the existing 43 RRBs into 28. The Ministry of Finance aims to streamline the functioning of these banks by merging smaller, less efficient […]

RBI’s Remittances Survey 2025: The RBI’s 2023-24 Remittances Survey reveals a historic shift: Advanced Economies (AEs) now contribute over 50% of India’s remittances, surpassing the Gulf (37.9%) for the first time. This reflects changing migration patterns and economic priorities. Key Findings of RBI’s Remittances Survey (2023-24): Dominance of Advanced Economies: USA (27.7%), UK (10.8%), Singapore […]

China imposes 34% reciprocal tariffs on imports of US Goods: China imposes 34% reciprocal tariffs on imports of US goods in retaliation for Trump’s trade war. A tariff is a tax imposed by a government on imported goods or services to raise revenue, protect domestic industries, or influence trade balances. A fixed amount charged on […]

Tamil Nadu has achieved the highest real economic growth rate in India for the year 2024-25: Tamil Nadu has achieved the highest real economic growth rate in India for the year 2024-25. The state grew at a rate of 9.69%, which is the best in the country and also the highest for Tamil Nadu in […]

HIL Ltd Rebrands as BirlaNu Limited: HIL Ltd, a major player in the building materials industry and part of the USD 3 billion CK Birla Group, has rebranded itself as BirlaNu Limited. The company, with its strong presence in India and Europe, has transformed its identity to better reflect its core values of innovation, quality, […]

Kamal Haasan Appointed Chairperson of FICCI Media and Entertainment Committee South: Renowned actor and filmmaker Kamal Haasan has been appointed as the Chairperson of the Federation of Indian Chambers of Commerce and Industry’s (FICCI) Media and Entertainment Committee South. The announcement was made during the FICCI’s Media and Entertainment Business Conclave South Connect 2025, held […]