e-NAM Expansion: The Government of India has expanded the National Agriculture Market (e-NAM) by adding 9 new commodities, increasing the total tradable items to 247.The National Agriculture Market (e-NAM) is a pan-India electronic trading portal launched on 14 April 2016 to connect existing APMC mandis into a unified national market.Aim is to promote uniformity in […]
Category: Economics Current Affairs
Blackstone Appoints Apurva Shah to Lead India Credit Division
Blackstone Appoints Apurva Shah to Lead India Credit Division: On October 8, 2025, global investment firm Blackstone announced the launch of its India credit platform, appointing seasoned finance expert Apurva Shah as Managing Director to lead private credit origination operations in the country. This move marks a significant expansion of Blackstone’s global credit business into […]
RBI Launches Retail Sandbox for Digital Currency
RBI Launches Retail Sandbox for Digital Currency: The Reserve Bank of India (RBI) has launched a retail sandbox for its Central Bank Digital Currency (CBDC) on October 8, 2025, marking a significant development in India’s evolving digital financial ecosystem. This initiative opens the door for fintech companies to test and deploy innovative products for the […]
Unicorn Company
Unicorn Company: Startups are emerging as the new driving force of India’s defence innovation ecosystem, said Defence Minister recently, while calling upon young entrepreneurs to set new benchmarks and create India’s first defence unicorn. A unicorn company is a privately owned start-up that has been valued at over $1 billion. It is commonly used in […]
PayPal Onboards India’s UPI as First Payments System Partner
PayPal Onboards India’s UPI as First Payments System Partner: PayPal CEO Alex Chriss announced that India’s Unified Payments Interface (UPI) has become the first payments system partner to be integrated into PayPal World, the company’s newly launched global payments platform. The partnership marks a significant milestone for both PayPal and India’s fintech ecosystem, further enhancing […]
NPCI Launches Biometric and Wearable Glass Authentication for UPI Payments
NPCI Launches Biometric and Wearable Glass Authentication for UPI Payments: The National Payments Corporation of India (NPCI), in collaboration with the Reserve Bank of India (RBI), has unveiled biometric and wearable glass-based authentication for UPI (Unified Payments Interface) transactions. Announced at the Global Fintech Fest 2025 in Mumbai, the new system allows users to authenticate […]
World Bank Ups India’s FY26 Growth Estimate to 6.5%
World Bank Ups India’s FY26 Growth Estimate to 6.5%: The World Bank upgraded India’s GDP growth forecast for FY26 to 6.5%, up from its previous estimate of 6.3% made in June. The revision is attributed to strong domestic demand, resilient rural consumption, and continued gains from Goods and Services Tax (GST) reforms.India is expected to […]
Eli Lilly to Invest $1 Billion in Telangana Pharma Hub
Eli Lilly to Invest $1 Billion in Telangana Pharma Hub: US-based pharma giant Eli Lilly has announced a $1 billion investment in Telangana, strengthening Hyderabad’s role as a global pharma hub. The move reflects rising investor confidence in the state’s ecosystem and is expected to significantly expand global supply chains for key medicines.The announcement came […]
India Launches UPI at Supermarkets in Qatar
India Launches UPI at Supermarkets in Qatar: UPI (Unified Payments Interface) has been launched at Lulu Group’s supermarkets in Qatar. The launch was led by Commerce and Industry Minister Piyush Goyal, and comes just weeks after UPI was introduced at Hamad International Airport’s duty-free stores. With this, Qatar becomes the eighth country to adopt UPI, […]
Safeguarding India’s Digital Economy
Safeguarding India’s Digital Economy: The Indian digital economy is in the spotlight after a sharp rise in sophisticated cyber frauds such as phishing, UPI/OTP scams, identity theft, and digital arrests. Over 13.9 lakh cybercrime cases were reported in India in 2023 (NCRB), but experts estimate many go unreported due to stigma or distrust in institutions. […]
