ICRISAT has launched the SMART-CROP project: A major step has been taken to help small and marginal farmers in India through the launch of the SMART-CROP project — Sustainable Monitoring and Real-time Tracking for Crop Resilience and Optimal Practices. The project aims to use advanced technology to improve farm productivity and protect crops from pests, […]
Category: Economics Current Affairs
RBI Gold Reserves Surpass USD 100 Billion
RBI Gold Reserves Surpass USD 100 Billion: The Reserve Bank of India (RBI) has stepped up its gold repatriation efforts, bringing back nearly 64 tonnes of gold from abroad between April and September 2025, raising India’s gold reserves to USD 108 billion.Over the past decade, India saw its gold share in foreign exchange reserves almost […]
Paytm Enables UPI for NRIs with Foreign Numbers
Paytm Enables UPI for NRIs with Foreign Numbers: Paytm has introduced UPI payment support for NRIs using international mobile numbers. Announced on 27 October 2025, this new service empowers Non-Resident Indians (NRIs) from 12 countries to make seamless UPI payments in India through the Paytm app, without needing an Indian SIM card.Users only need to […]
RBI Approves Reappointment of C S Rajan at Kotak Bank
RBI Approves Reappointment of C S Rajan at Kotak Bank: The Reserve Bank of India (RBI) has approved the reappointment of C S Rajan as part-time Chairman of Kotak Mahindra Bank, extending his tenure from January 1, 2026, to October 21, 2027. This decision aligns with the end of his current term as an Independent […]
Japan Launches World’s First Yen-Pegged Stablecoin
Japan Launches World’s First Yen-Pegged Stablecoin: Japan has officially launched the world’s first yen-pegged stablecoin, named JPYC, on October 27, 2025. The debut marks a key turning point in the country’s evolving financial ecosystem, which has traditionally leaned heavily on cash and credit cards. Issued by Tokyo-based startup JPYC Inc. the digital token is fully […]
RBI Launches HaRBInger 2025 Global Hackathon
RBI Launches HaRBInger 2025 Global Hackathon: The Reserve Bank of India (RBI) has officially launched HaRBInger 2025 – Innovation for Transformation, its fourth global hackathon, aiming to promote the development of secure, inclusive, and identity-driven banking solutions. The hackathon reflects RBI’s commitment to leveraging emerging technologies for the financial sector and enhancing trust and integrity […]
India Forex Reserves : Surged
India Forex Reserves: Surged India’s foreign exchange reserves surged by billion, crossing the billion mark for the first time, mainly due to a sharp rise in gold reserves valued at over billion.The rise was driven by RBI’s gold purchases and an increase in global gold prices, while foreign currency assets slightly declined by billion amid […]
RBI Removes ₹10,000 Crore Lending Limit on Individual Corporate Borrowers
RBI Removes ₹10,000 Crore Lending Limit on Individual Corporate Borrowers: The Reserve Bank of India (RBI) has withdrawn a 2016 circular that limited how much the banking system could collectively lend to a single large corporate borrower. This move marks a step towards liberalising bank lending norms while still maintaining safeguards against concentration risk through […]
Authorized Economic Operator (AEO) Programme
Authorized Economic Operator (AEO) Programme: The World Trade Organization (WTO) recently praised India’s liberalised Authorised Economic Operator (AEO) programme for significantly increasing the participation of micro, small, and medium enterprises (MSMEs) in international trade. AEO is a programme under the aegis of the World Customs Organisation (WCO) SAFE Framework of Standards to secure and facilitate […]
Adani’s Godda Power Plant Approved for National Grid Connection
Adani’s Godda Power Plant Approved for National Grid Connection: The Government of India has approved the connection of Adani Power’s Godda Ultra Super Critical Thermal Plant to the national electricity grid. This 1,600 MW plant in Jharkhand, previously built to export electricity exclusively to Bangladesh, will now also supply power domestically — a decision expected […]
