New Consumer Price Index (CPI) series: The Union Ministry of Statistics and Programme Implementation (MoSPI) has released details of a new Consumer Price Index (CPI) series, revising the base year from 2011–12 to 2023–24 and cutting the weight of food and beverages from ~46% to ~37%.The new CPI series is an updated framework for measuring […]
Category: Economics Current Affairs
UAE central bank approves first USD-backed stable coin
UAE central bank approves first USD-backed stable coin: The Central Bank of the United Arab Emirates has approved the first USD-backed stable coin (USDU) under its Payment Token Services Regulation, marking a major step in regulating digital assets.A USD-backed stablecoin is a cryptocurrency pegged 1:1 to the US dollar, designed to maintain price stability while […]
Equity Infusion into SIDBI
Equity Infusion into SIDBI: The Union Cabinet has approved a Rs 5,000 crore equity infusion (over 3 years) into the Small Industries Development Bank of India (SIDBI) to enhance credit flow to Micro, Small, and Medium Enterprises (MSMEs).The infusion is projected to increase the number of MSME beneficiaries from 76.26 lakh (FY25) to 102 lakh […]
The Economic Survey of India 2026
The Economic Survey of India 2026: Chief Economic Advisor V. Anantha Nageswaran will present the Economic Survey 2026 on January 29, 2026, providing a comprehensive report card of the nation’s economy ahead of the Union Budget on February 1.The Economic Survey is the flagship annual document of the Ministry of Finance. It serves as an […]
Strategic Asset Allocation and Risk Governance (SAARG) Committee
Strategic Asset Allocation and Risk Governance (SAARG) Committee: The PFRDA recently constituted a committee of Investment Experts for Strategic Asset Allocation and Risk Governance (SAARG) to review, recommend and modernize the investment framework under the NPS. It is a high-level committee of investment experts to review, recommend, and modernise the investment framework under the National […]
UGC Circular on Third Language : Tamil Nadu Opposes
UGC Circular on Third Language: Tamil Nadu Opposes Tamil Nadu has formally opposed the University Grants Commission’s (UGC) circular mandating a third language in higher educational institutions, characterizing it as an “indirect attempt to impose Hindi” and reaffirming the State’s steadfast commitment to its historic two-language policy. Tamil Nadu categorically rejected the three-language formula prescribed […]
Urban Co-operative Banks (UCBs)
Urban Co-operative Banks (UCBs): The Reserve Bank of India (RBI) has proposed reopening the licensing window for Urban Co-operative Banks (UCBs) after a gap of more than 20 years, seeking stakeholder feedback.Urban Co-operative Banks (UCBs) are member-owned, community-based banks operating mainly in urban and semi-urban areas, providing banking and credit services to small borrowers, traders, […]
India’s LFPR Hits Record 56.1% in 2025
India’s LFPR Hits Record 56.1% in 2025: The Periodic Labour Force Survey (PLFS) – December 2025 shows a consistent recovery with workforce participation reaching yearly highs while unemployment rates remain broadly stable.The monthly data is based on the Current Weekly Status (CWS) approach, assessing a person’s activity status (employed, unemployed, or out of the labour […]
Household Stability
Household Stability: As the Union Budget 2026 approaches, India’s macroeconomic indicators present a picture of aggregate stability and relative strength amidst global uncertainty.A deeper analysis of the Reserve Bank of India’s (RBI) Financial Stability Report ( 2025) and Annual Report 2024–25 reveals a concerning structural shift that households are saving less, borrowing more, and increasingly […]
Engineering Export Promotion Council of India (EEPC India)
Engineering Export Promotion Council of India (EEPC India) The Engineering Export Promotion Council of India (EEPC) recently demanded lowering of income tax for non-corporate manufacturing MSMEs in the Union Budget and expediting payment of GST refunds.Engineering Export Promotion Council of India (EEPC India) is the premier trade and investment promotion organization in India, catering to […]
