Category: Economics Current Affairs

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: 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 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. […]

India Resumes Tourist Visas for Chinese Citizens After Five Years: India has officially resumed the issuance of tourist visas to Chinese nationals after a five-year pause, marking a significant diplomatic and people-to-people development. This step reflects a cautious yet positive recalibration in India-China bilateral ties, especially in the realm of tourism, soft diplomacy, and regional […]

Financial Inclusion Index: The Reserve Bank of India has informed that the Financial Inclusion Index of the FI index for Financial Year 2025 has improved and stands at 67 percent as compared to 64.2 percent for FY 2024. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as […]

Fino Payments Bank Launches “GATI” Savings Account: Fino Payments Bank has launched a new digital savings account named “GATI”  a term meaning “speed” in several Indian languages with the aim to deepen UPI transaction penetration in rural and semi-urban areas of West Bengal. By offering an affordable, zero-balance account with instant transaction capability, Fino seeks […]

RBI’s approval for Warburg Pincus to invest in IDFC First Bank: The Reserve Bank of India (RBI) has granted approval to Warburg Pincus, a prominent global private equity firm, to acquire up to 9.99% stake in IDFC First Bank. The ₹4,876 crore investment is expected to enhance the bank’s capital base and support its growth […]

SBI Adjudged World’s Best Consumer Bank 2025 by Global Finance Magazine: The State Bank of India (SBI) has been named the World’s Best Consumer Bank for 2025 by the reputed Global Finance magazine, recognizing the bank’s customer-centric innovations and strong digital presence. This global recognition reinforces SBI’s commitment to inclusive and modern banking.SBI, India’s largest […]