Investor Education and Protection Fund Authority: The Investor Education and Protection Fund Authority (IEPFA) is in the final phase of testing its Integrated Portal, a unified digital platform designed to streamline claim processes and enhance accessibility for both investors and companies. The Investor Education and Protection Fund Authority (IEPFA) was established in 2016 under the […]
Category: Economics Current Affairs
RBI Approves Merger of New India Co-operative Bank with Saraswat Bank
RBI Approves Merger of New India Co-operative Bank with Saraswat Bank: The Reserve Bank of India (RBI) has approved the merger of New India Co-operative Bank with Saraswat Co-operative Bank, the largest urban co-operative bank in the country. The merger will officially take effect from August 4, 2025. Under the approved Scheme of Amalgamation, Saraswat […]
India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking
India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking: The India Post Payments Bank (IPPB) has launched a nationwide Aadhaar-based face authentication feature for customer transactions. Developed under the Unique Identification Authority of India (UIDAI) framework, this innovation is designed to ensure financial inclusion while enhancing both security and convenience.The new feature allows […]
Supply and Use Table
Supply and Use Table: The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘Supply and Use Tables of 2020-21 and 2021-22’. It represents a detailed snapshot of all economic activities taking place in the economy. They are powerful analytical tools that present the structure of an economy as well as interlinkages among the […]
Skill Impact Bond
Skill Impact Bond: The Minister of State for Skill Development and Entrepreneurship cited the Skill Impact Bond (SIB) as delivering measurable social impact. It is an innovative financing tool aimed at improving employment outcomes for young people, Under this initiative, first skills are provided to young people, and then jobs are provided to them or […]
Digital Payments Index
Digital Payments Index: The Reserve Bank of India (RBI) announced that its Digital Payments Index (RBI-DPI) surged to 493.22 in March 2025, up from 465.33 in September 2024. It has been constructed by the Reserve Bank of India to measure the extent of digitisation of payments across the country. It was first launched in January […]
The Banking Laws (Amendment) Act, 2025
The Banking Laws (Amendment) Act, 2025: The Banking Laws (Amendment) Act, 2025 will come into effect from 1st August 2025, introducing reforms to bank governance, audit transparency, depositor protection, and cooperative bank regulation. The Banking Laws (Amendment) Act, 2025: A comprehensive reform law notified by the Ministry of Finance, the Act amends 5 key legislations […]
India Records 65,000 Crore Digital Payments Worth ₹12,000 Trillion in Six Years
India Records 65,000 Crore Digital Payments Worth ₹12,000 Trillion in Six Years: India’s journey toward becoming a digital economy has seen remarkable progress over the last six years. According to the government, between FY19 and FY25, the country recorded over 65,000 crore digital payment transactions worth ₹12,000 trillion. This surge, primarily driven by the Unified […]
IMF Raises India’s Growth Forecast to 6.4% for 2025 and 2026
IMF Raises India’s Growth Forecast to 6.4% for 2025 and 2026: The International Monetary Fund (IMF) has revised upward India’s economic growth forecast to 6.4 percent for both 2025 and 2026, reaffirming India’s position as the fastest-growing major economy in the world. The new projection marks an improvement from the IMF’s April 2025 World Economic […]
“State of the Economy” : RBI
“State of the Economy” : RBI The Reserve Bank of India’s article titled “State of the Economy” offers a cautiously optimistic view of the Indian economy, amid global and trade-related uncertainties. Retail inflation (measured by the Consumer Price Index (CPI) fell from 5.4% in 2023–24 to 2.1% in June 2025, the lowest since January 2019. […]
