Category: Economics Current Affairs

Government Appoints Merchant Bankers & Legal Advisors for Minority Stake Sales in LIC and PSBs: Department of Investment and Public Asset Management (DIPAM) finalized the empanelment of merchant bankers and legal advisors for a tenure of three years, with provision for extension up to five years, to lead the government’s minority stake sales in Life […]

Revised Income Tax Bill, 2025: Finance Minister has tabled the revised Income Tax Bill, 2025 in the Lok Sabha, incorporating most of the 566 recommendations made by the Parliamentary Select Committee. A new legislation to consolidate, streamline, and modernise India’s direct tax framework, replacing the six-decade-old Income Tax Act, 1961. Features of the Revised Bill: […]

Cabinet Approves ₹4,600 Crore Semiconductor Manufacturing Projects in Odisha, Punjab, and Andhra Pradesh: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved ₹4,600 crore for four new semiconductor manufacturing projects in Odisha, Punjab, and Andhra Pradesh. These will be set up under the India Semiconductor Mission (ISM), bringing the total number of approved […]

Karnataka’s GST evasion in FY25 rose to ₹39,577 crore: Karnataka recorded a dramatic surge in Goods and Services Tax (GST) evasion during the 2024–25 financial year, with the Central GST (CGST) department detecting evasion worth ₹39,577 crore—over five times higher than the previous year. The data, presented by Finance Minister Nirmala Sitharaman in a written […]

Bank Credit Growth Slows to 1.4% in FY26: Bank credit growth in India has slowed to 1.4% in FY26 so far, down from 2.3% in the same period last year, according to the Reserve Bank of India’s latest weekly statistical survey. Meanwhile, deposit growth has remained steady at 3.4%, compared with 3.5% during the same […]

KSFE Becomes First Miscellaneous NBFC in India to Cross ₹1 Lakh Crore Turnover: Kerala State Financial Enterprises (KSFE) has achieved a historic milestone, becoming the first miscellaneous non-banking financial company (NBFC) in India to record a business turnover of ₹1 lakh crore. The state-owned firm reached this figure in record time, doubling its turnover from […]

ICICI Bank Records Lowest Attrition Rate Among Private Peers for Three Consecutive Years: ICICI Bank, India’s second-largest private sector lender, has emerged as the best performer in employee retention among major private banks for the third consecutive year. According to its Business Responsibility and Sustainability Reporting (BRSR) report, the bank’s attrition rate fell to 18% […]

Indian Railways Launches 20% Return Fare: To ease festival rush and ensure better utilization of trains during peak travel months, the Indian Railways has launched an experimental Round Trip Package scheme offering a 20% rebate on the base fare of the return journey. This initiative aims to spread out passenger traffic, reduce last-minute booking pressure, […]

Skill Impact Bonds: As India strives for economic growth and inclusive development, innovative models like the Skill Impact Bond (SIB) are emerging to address key challenges in skilling and employment, especially among marginalized communities and women. The Skill Impact Bond (SIB) 2025 report reveals that Jharkhand has the highest share of enrolled trainees, with women […]

National Highways & Infrastructure Development Corporation Limited (NHIDCL): The traffic from Sikkim and Kalimpong to Siliguri and vice versa on NH10 remained suspended because of repairs by the National Highways & Infrastructure Development Corporation Limited on a 30 km-long stretch following a landslide and cave-ins. It is a Central Public Sector Undertaking (CPSU) under the […]