Category: Economics Current Affairs

RBI’s $5 Billion Dollar/Rupee Swap: The Reserve Bank of India (RBI) has announced a $5 billion dollar/rupee Buy–Sell swap auction scheduled for December 16, 2025, intended to strengthen its ability to stabilise the rupee without drawing down India’s foreign exchange reserves. The rupee recently breached the psychologically crucial ₹90-per-dollar mark, prompting the central bank to […]

Investor Education and Protection Fund Authority: In News The Investor Education and Protection Fund Authority (IEPFA) collaborated with the Securities and Exchange Board of India (SEBI) organised a “Niveshak Shivir” in Jaipur. It was established in 2016 under the Companies Act, 2013. It is dedicated to promoting investor awareness and protection through sustained outreach, education, […]

Open Market Operations : RBI The Reserve Bank of India (RBI) recently said it will conduct Open Market Operation (OMO) purchases of government securities worth ₹1 trillion and a three-year dollar–rupee buy/sell swap of $5 billion to inject further durable liquidity into the financial system. OMOs refer to a central bank selling or purchasing securities […]

DRDO Transfers Seven Indigenous Technologies to Armed Forces: The Defence Research and Development Organisation (DRDO) handed over seven home-grown technologies to the Indian Armed Forces on 2 December 2025. These technologies were developed under the Technology Development Fund (TDF) scheme, which promotes indigenous defence innovations by supporting Indian industry, particularly MSMEs and startups. The event […]

Fino Payments Bank Becomes First to Receive RBI Nod to Transition into SFB: Fino Payments Bank has become the first payments bank to receive the Reserve Bank of India’s (RBI) in-principle approval to convert into a Small Finance Bank (SFB). This move, announced on 5 December 2025, opens up new avenues for Fino to expand […]

RBI Raises India’s FY26 GDP Growth Forecast to 7.3%: The Reserve Bank of India (RBI) has revised India’s GDP growth forecast for FY2025–26 to 7.3%, up from its earlier projection of 6.8%. This upward revision follows a strong second-quarter performance and is seen as a reflection of continued domestic demand, policy reforms, and supportive macroeconomic […]

Indian Statistical Institute (ISI) Act, 1959: More than 1,500 academics have expressed grave concerns and held demonstrations in Kolkata to protest a Central government plan to repeal the Indian Statistical Institute (ISI) Act, 1959. The Indian Statistical Institute was founded by Professor P.C. Mahalanobis in Calcutta in 1931. The ISI, established earlier as a society, […]

8th Economic Census (EC) in 2027: India will carry out its 8th Economic Census (EC) in 2027, following the two-phase Population Census (2026–27). Economic Census (EC): It is the complete count of all establishments (i.e. units engaged in production and/or distribution of goods and services not for the purpose of sole consumption) located within the […]

Samagra Shiksha: The Union government has clarified that States will receive pending Samagra Shiksha funds only after meeting all scheme conditions, including utilisation certificates, audit reports, progress details, State share contributions, and compliance with National Education Policy (NEP) 2020. Samagra Shiksha Announced in the 2018–19 Union Budget, it is a unified programme covering pre-school to […]