Category: Economics Current Affairs

‘When-listed’ Platform: The Securities and Exchange Board of India (Sebi) is looking to launch a ‘when-listed’ platform. ‘When-listed’ has been launched for trading of shares of companies that have finished their Initial Public Offering (IPO) and are yet to be listed on stock exchanges. It is aimed at reducing the activity in the grey market, […]

Reserve Bank of India (RBI) has set the interest rate on the Government of India Floating Rate Bonds 2035: The Reserve Bank of India (RBI) has recently announced that the interest rate for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035) will be set at 6.66% per annum. This rate will be […]

Banks are moving away from the Insolvency and Bankruptcy Code: Banks are moving away from the Insolvency and Bankruptcy Code (IBC) due to falling recovery rates (down to 28% in FY24 from 40% in FY23) and prolonged resolution timelines (often exceeding 600 days). The number of cases admitted to NCLT has also droppedThe Insolvency and […]

India’s Forex Reserves Declined: India’s forex reserves dropped to $625.87 billion as of January 10, 2025, down from $634.59 billion the previous week. The decline is due to RBI interventions to stabilize the rupee, global economic challenges, and currency depreciation.The Reserve Bank of India (RBI) has been actively intervening in the forex market to stabilize […]

SBI Payments & Pine Labs Boost Partnership for Digital Commerce Growth: State Bank of India (SBI) Payments and Pine Labs have announced the strengthening of their 12-year-old partnership. This new phase of collaboration, which began on January 25, 2025, is focused on driving the adoption of digital payments across India. By enhancing merchant solutions and […]

New CEO of Zoho Corp: Zoho Corporation, a leading cloud software startup, has announced a significant leadership change. On January 27, CEO Sridhar Vembu revealed that he would step down as the company’s CEO and take on the role of Chief Scientist, focusing on research and development. In his place, Shailesh Kumar Davey, a co-founder […]

Enhanced Certificates of Origin 2.0 System: The Directorate General of Foreign Trade (DGFT) has launched the enhanced Certificate of Origin (eCoO) 2.0 System. Enhanced Certificates of Origin 2.0 System is an upgrade designed to simplify the certification process for exporters and enhance trade efficiency. It offers several user-friendly features, such as multi-user access, which enables […]

IDBI Bank Reappoints Rakesh Sharma as MD & CEO for 3 Years: IDBI Bank’s Board of Directors has approved the reappointment of Rakesh Sharma as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term, effective March 19, 2025. This decision follows the necessary approval from the Reserve Bank of India (RBI).

Government Approves ₹500 Crore Capital Infusion into IFCI for FY 2024-25: The Government of India has approved a ₹500 crore capital infusion into the Industrial Finance Corporation of India (IFCI) for FY 2024-25. This infusion, part of the supplementary demand for grants, aims to strengthen IFCI’s financial position.This strategic move aims to bolster IFCI’s financial […]