Sonowal Unveils Sagarmala Finance Corporation to Boost Maritime Financing: Union Minister Sarbananda Sonowal inaugurated the country’s first Non-Banking Financial Company (NBFC) dedicated to maritime development – the Sagarmala Finance Corporation Limited (SMFCL). The launch marks a significant step in bridging critical financial gaps in the sector and aligns with India’s Maritime Amrit Kaal Vision 2047, […]
Category: Economics Current Affairs
JioBlackRock Broking Gets SEBI Nod to Launch Brokerage Operations
JioBlackRock Broking Gets SEBI Nod to Launch Brokerage Operations: JioBlackRock Broking Pvt. Ltd., a subsidiary of JioBlackRock Investment Advisers Pvt. Ltd., has received regulatory approval from the Securities and Exchange Board of India (SEBI) to begin operations as a brokerage firm. The entity is part of a 50:50 joint venture between Jio Financial Services Ltd. […]
RBI has reduced the Priority Sector Lending target for Small Finance Banks
RBI has reduced the Priority Sector Lending target for Small Finance Banks: The Reserve Bank of India (RBI) has reduced the Priority Sector Lending (PSL) target for Small Finance Banks (SFBs) from 75% to 60% to enhance lending flexibility and profitability.RBI’s revised PSL norms aim to ease lending restrictions for SFBs, allowing them to diversify […]
Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)
Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS): The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) recently stated that revenue proceedings are not possible after the issuance of discharge certificate under SVLDRS [Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019] Scheme. Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS) […]
Digital Payment Intelligence Platform : RBI
Digital Payment Intelligence Platform : RBI The Reserve Bank Of India has roped in major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI). It seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions. The institutional […]
Coffee Export Surge
Coffee Export Surge: India’s coffee exports surged over 25% in FY2025-26, continuing a record-breaking trend after 40% growth last year, according to the Coffee Board of India.India has recorded 25%+ export growth so far this year, after achieving US$1803 million in coffee exports in FY2024-25, up from US$1286 million in FY2023-24.India is the 7th largest […]
NATO 5% GDP Defence Spending Target
NATO 5% GDP Defence Spending Target: NATO members, at The Hague Summit, is expected to adopt a new 5% GDP defence spending target amid rising security concerns from Russia’s war in Ukraine.NATO countries will now aim to allocate 5% of their GDP on combined defence and security investments. New Target Structure: 3.5% GDP for core […]
S&P Global Ratings Boosts India’s GDP Forecast to 6.5%
S&P Global Ratings Boosts India’s GDP Forecast to 6.5%: S&P Global Ratings delivered encouraging news for India’s economic prospects on Tuesday, June 24, 2025, by raising the country’s GDP growth forecast to 6.5% for the current fiscal year. This upward revision reflects the rating agency’s confidence in India’s economic resilience despite mounting global uncertainties and […]
Household Income Survey in 2026
Household Income Survey in 2026: The Ministry of Statistics and Programme Implementation (MoSPI) has announced that India will conduct its first comprehensive Household Income Survey in 2026. A nationwide Household Income Survey aimed at generating robust and reliable data on income distribution across India for the first time. Ministry & Organisations Involved: Ministry of Statistics […]
Tripura Declared Fully Literate Under ULLAS
Tripura Declared Fully Literate Under ULLAS: Tripura has become the third Indian state, after Mizoram and Goa, to achieve full functional literacy as per the national benchmark of 95% literacy among individuals aged 15 years and above. The announcement was made on June 23, 2025, during a grand ceremony at Rabindra Satabarshiki Bhawan, Agartala, with […]
