Category: Economics Current Affairs

‘Centre of Choice’ Facility for PwBD Candidates: UPSC has introduced a new ‘Centre of Choice’ facility ensuring that all Persons with Benchmark Disabilities (PwBD) candidates receive their preferred exam centre. ‘Centre of Choice’ Facility for PwBD Candidates: A new UPSC initiative guaranteeing that every PwBD applicant is allotted the exam centre they select in their […]

Proposal to rename MNREGA: The Centre is set to amend the MGNREGA Act to rename the flagship rural employment scheme as “Pujya Bapu Gramin Rozgar Yojana” and may raise the guaranteed work limit from 100 to 125 days.MGNREGA is a demand-driven, rights-based rural wage employment programme guaranteeing unskilled manual work to rural households, aimed at […]

APAAR ID: The Orissa High Court recently directed education authorities at both the state and central levels to amend the consent form used for generating Automated Permanent Academic Account Registry (APAAR) IDs to include an explicit opt-out option. APAAR stands for Automated Permanent Academic Account Registry. It was introduced by the Ministry of Education, Government […]

Cabinet Approve 100% FDI In Insurance: The Union Cabinet has approved a proposal to raise the FDI limit in insurance companies from 74% to 100%, to be implemented through the Insurance Laws (Amendment) Bill, 2025.Foreign Direct Investment (FDI) is when a non-resident investor acquires an equity stake (≥10%) in an Indian company, with a lasting […]

115 Years of Savarkar’s Poem ‘Sagara Pran Talamalala’: Union Home Minister and Minister of Cooperation addressed a cultural programme in Sri Vijayapuram to mark 115 years of Swatantryaveer Vinayak Damodar Savarkar’s poem Sagara Pran Talamalala.‘Sagara Pran Talamalala’ (often rendered as Sagara Pran Talmalala / Ne Majasi Ne…) is a Marathi patriotic poem expressing an exiled […]

‘Your Money, Your Right’ Movement: The Prime Minister recently called upon citizens to take part in the ‘Your Money, Your Right’ movement. It was launched by the central government in 2025. It is an initiative aimed at enabling people to reclaim their unclaimed deposits, insurance proceeds, dividends, and other financial assets. The effort brings together […]

Hybrid Mutual Funds: As equity markets touch new highs, hybrid mutual fund schemes are gaining popularity among investors. Wealth managers are increasingly recommending these funds, especially for investors who find it difficult to rebalance investments on their own. Hybrid mutual funds are mutual fund schemes that invest in more than one asset class, mainly equity […]

SEBI introduces PaRRVA: The Securities and Exchange Board of India (SEBI) has launched PaRRVA (Past Risk and Return Verification Agency) — a new verification mechanism aimed at authenticating the past performance claims made by SEBI-registered market intermediaries.Developed in collaboration with Care Ratings and the National Stock Exchange (NSE), PaRRVA was rolled out as a pilot […]

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 […]