Category: Economics Current Affairs

PM Modi Announces ₹1,600 Crore Relief for Flood‑Hit Punjab: Devastating floods and cloudbursts across Punjab, Prime Minister Narendra Modi conducted an aerial survey of the affected regions and chaired a high-level review meeting in Gurdaspur. Following the assessment, he announced a significant financial assistance package of ₹1,600 crore, further strengthening the state’s ongoing relief and […]

Balance of Payments: India has emerged as the world’s fastest-growing major economy, recording an average annual GDP growth of 8.2% from 2021 to 2024, outpacing countries like Vietnam, China, and the United States. Despite strong growth, India faces low net foreign capital inflows, reflecting a gap between GDP expansion and investor sentiment in its Balance […]

PNB Signs ₹21,000 Cr MoU with Rajasthan for Growth Push: Punjab National Bank (PNB) has signed a ₹21,000 crore Memorandum of Understanding (MoU) with the Rajasthan government under the Rising Rajasthan initiative. The partnership aims to accelerate socio-economic growth, focusing on MSMEs, women entrepreneurs, and digital financial inclusion across the state. The MoU was signed […]

R Gandhi Reappointed as Yes Bank Chairman by RBI: The Reserve Bank of India (RBI) has cleared the reappointment of R Gandhi as the part-time non-executive chairman of the private sector lender. His new term will run from September 20, 2025, to May 13, 2027, as confirmed in a regulatory filing made by Yes Bank.Rama […]

Citibank Appoints Kaustubh Kulkarni as Asia-Pacific IB Co-Head: Citibank has appointed Kaustubh Kulkarni as the new co-head of investment banking for Asia-Pacific, a region encompassing key markets like Japan, North Asia, Australia, and South Asia. Kulkarni, a seasoned finance executive with nearly three decades at JPMorgan, is set to join Citigroup in December 2025, subject […]

Corporatisation of the Ordnance Factory Board: India’s ordnance factories have posted record export orders of ₹3,500 crore in FY25, the highest ever since corporatisation.In October 2021, the government reorganised 41 Ordnance Factory Board units into seven Defence Public Sector Undertakings (DPSUs) Financial turnaround: from ₹2,844 crore cumulative loss (2019-20) → ₹625 crore profit (2022-23 & […]

Cabinet clears ₹1,500 cr scheme to promote critical mineral recycling: The Union Cabinet has approved a ₹1,500 crore scheme under the National Critical Mineral Mission (NCMM) to promote recycling of e-waste, lithium-ion batteries, and catalytic converters for recovery of critical minerals.It is a government incentive scheme worth ₹1,500 crore to promote recycling of e-waste and […]

UPI Limit Increased to ₹10 Lakh for Select Transactions: Starting September 15, 2025, the National Payments Corporation of India (NPCI) will implement revised UPI transaction limits for specific high-value payment categories. The per-transaction limit has been increased to ₹5 lakh, and the 24-hour aggregate limit raised to ₹10 lakh for several services, including insurance, capital […]

Centre Notifies Unified Pension Scheme Rules Under NPS: The Central Government of India has formally notified the Unified Pension Scheme (UPS) rules under the National Pension System (NPS), marking a key milestone in the evolution of public sector pension reforms. The newly issued Central Civil Services (Implementation of the Unified Pension Scheme under the NPS) […]

UIDAI Records 221 Crore Aadhaar Authentications in August 2025: The Unique Identification Authority of India (UIDAI) recorded an impressive 221 crore Aadhaar authentication transactions in August 2025, signaling India’s accelerated shift toward digital governance and secure identity verification. This record-breaking number highlights the central role Aadhaar continues to play in facilitating welfare schemes, enhancing e-governance, […]