Category: Economics Current Affairs

RBI Payments Vision 2028: The Reserve Bank of India (RBI) has released its ‘Payments Vision 2028’ document, titled Shaping India’s Payment Frontier.This strategic roadmap succeeds the 4Es (Everyone, Everywhere, Every time) vision of 2025, shifting the focus toward deepening consumer trust.It is a comprehensive policy framework and roadmap designed to guide the evolution of India’s […]

The Fuel Excise Duty Cut: The Indian government has reduced excise duty on petrol and diesel by ₹10 per litre to shield consumers and Oil Marketing Companies (OMCs) from rising global crude prices.An excise duty is an indirect tax levied by the Central Government on the manufacture or sale of specific goods within the country.In […]

Orange Economy : 3 Initiatives The Ministry of Information & Broadcasting has launched 3 transformative initiatives—the National AI Skilling Initiative, MyWAVES, and Advanced EPG (Electronic Program Guide) with in-built satellite tuners—to strengthen India’s Orange economy and democratize access to digital technology. These steps reflect a strategic move to build a future-ready workforce and position India […]

Variable Rate Repo (VRR) Auctions: The RBI injected ₹55,837 crore into the banking system via a 3-day VRR auction to address tightening liquidity. A Variable Rate Repo (VRR) is a monetary policy tool used by the RBI to inject liquidity into the banking system when cash becomes scarce. Unlike the fixed-rate repo, the interest rate […]

India Growth Forecast Cut to 5.9% in 2026: Global investment bank Goldman Sachs has reduce the India’s GDP growth forecast for 2026 to 5.9% and it was down from earlier estimates of 7%. This revision comes after rising oil prices, global supply disruptions and Indian rupee fall pressure. The ongoing West Asia conflict and uncertainty […]

Mutual Credit Guarantee Scheme: The Government has modified the Mutual Credit Guarantee Scheme (MCGS) to support Micro, Small and Medium Enterprises (MSME) Manufacturers and Exporters in line with Budget 2025-26. It provides 60 % guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions for credit facilities up to 100 crore […]

PRARAMBH 2026: The Union Minister for Finance launched ‘PRARAMBH 2026’ initiative. PRARAMBH (Policy Reform and Responsible Action for Mission Viksit Bharat) is a nationwide awareness campaign on Income Tax Act, 2025. It is aimed at familiarising citizens with the provisions of the Income Tax Act, 2025, set to come into effect from April 1, 2026. […]

Credit Guarantee Scheme for Microfinance Institutions-2.0: The Government of India has introduced Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0). It aims to provide guarantee cover to Banks/ FIs through National Credit Guarantee Trustee Company Limited (NCGTC). It provides guarantee against expected losses on the financial assistance extended by them to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) […]

Variable Rate Repo: The Reserve Bank of India (RBI) infused over Rs 25,000 crore of liquidity in the banking system through a 3-day variable rate repo (VRR) auction. The RBI has infused Rs 3.50 lakh crore of liquidity into the banking system through open market purchase (OMO) of government securities since January 2026. Variable Rate […]

24 Speed Post: The Department of Posts launched the 24 Speed Post service guarantee delivery services. It provides guaranteed next-day delivery (D+1) service for urgent and time-sensitive consignments. ‘D’ means the day of booking of the article. It is developed under Speed Post category and introduced to meet urgent & bulk customer needs. It is […]