R Vijay Anandh Named CEO of City Union Bank: Reserve Bank of India (RBI) has approved the appointment of R Vijay Anandh as the new Managing Director and Chief Executive Officer (MD & CEO) of City Union Bank. The decision was communicated through an RBI letter dated February 9, 2026, and the appointment will take […]
Category: Economics Current Affairs
India and the Gulf Cooperation Council (GCC) have signed the Terms of Reference for a Free Trade Agreement
India and the Gulf Cooperation Council (GCC) have signed the Terms of Reference for a Free Trade Agreement: Gulf Cooperation Council is a regional political and economic alliance established in 1981.It comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).Objective is to foster economic, security, cultural, and social cooperation among its […]
RBI MPC Keeps Repo Rate Unchanged
RBI MPC Keeps Repo Rate Unchanged: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), in its February 2026 meeting, kept the repo rate unchanged at 5.25%, following a 25 basis point cut in December 2025.The decision implies no immediate change in lending and deposit rates. EMIs on repo-linked loans (home, personal loans) are […]
Circular Economy
Circular Economy: NITI Aayog launched three thematic reports on Enhancing Circular Economy in End-of-Life Vehicles (ELVs), Waste Tyres, E-waste, and Lithium-ion Batteries at the International Material Recycling Conference (IMRC) organised by the Material Recycling Association of India (MRAI) in Jaipur.The reports outline challenges and policy pathways to strengthen India’s circular economy ecosystem. The Circular Economy […]
Miniratna Status for Yantra India Limited
Miniratna Status for Yantra India Limited: The Defence Minister granted Miniratna Category-I status to Yantra India Limited, recognising its swift transformation into a profit-making Defence Public Sector Undertakings (DPSUs) within four years.Yantra India Limited is one of the seven new DPSUs created after the corporatisation of the erstwhile Ordnance Factory Board on 1st October 2021, […]
16th Finance Commission
16th Finance Commission: Finance Minister Nirmala Sitharaman tabled the 16th Finance Commission (FC) report in Parliament on February 1, 2026, alongside the Union Budget. The government has accepted its key recommendation to maintain the states’ share in central taxes at 41% for the period of 2026-31. The states’ share in the divisible pool of central […]
Basic Customs Duty : Union Budget 2026
Basic Customs Duty : Union Budget 2026 Bringing immediate relief to patients with cancer and rare diseases, Union Budget 2026-27 proposed a full exemption of basic customs duty on 17 cancer-related drugs and medicines. BCD is a type of tax imposed on goods imported into India. It is levied on imported items under the Customs […]
Securities Transaction Tax : Union Budget 2026
Securities Transaction Tax : Union Budget 2026 The Finance Minister recently proposed to raise the Securities Transaction Tax (STT) on both futures and options by up to 150%. It is a direct tax levied on the purchase and sale of securities listed on recognised stock exchanges in India. It is levied and collected by the […]
Tax Reforms under Union Budget 2026-27
Tax Reforms under Union Budget 2026-27: The government replaces the existing Income Tax Act, 1961 with a new, simplified Income Tax Act, 2025, effective from 1st April 2026. Tax Rates: No changes to the tax slabs for FY 2026-27; stability maintained. Tax Collected at Source (TCS) on overseas tour packages and remittances for education/medical purposes […]
Highlights of the Union Budget 2026-27
Highlights of the Union Budget 2026-27: The Union Minister of Finance and Corporate Affairs presented the Union Budget 2026–27 in Parliament, marking the first Budget prepared in the newly inaugurated Kartavya Bhawan.The budget framed as a Yuva Shakti-driven Budget, is anchored in the vision of Viksit Bharat and reflects the guiding principles of Action over […]
