UIDAI onboards Starlink for Aadhaar-based e-KYC: The Unique Identification Authority of India (UIDAI) has onboarded Starlink Satellite Communication Pvt Ltd to use Aadhaar authentication for customer verification. The announcement, made on August 20, 2025, marks a significant synergy between India’s trusted digital identity system and cutting-edge satellite internet technology. Starlink, a satellite-based global internet provider, […]
Category: Economics Current Affairs
India’s Core Sector Grows 2% in July 2025
India’s Core Sector Grows 2% in July 2025: India’s eight core industries registered a 2% year-on-year growth in July 2025, according to the latest data released by the Ministry of Commerce and Industry. This modest rise in industrial output reflects a mixed performance, with robust expansion in steel, cement, fertilisers, and electricity, partially offset by […]
NCERT launches new modules on Operation Sindoor for school students
NCERT launches new modules on Operation Sindoor for school students: National Council of Educational Research and Training (NCERT) unveiled new curriculum modules on Operation Sindoor, calling it a “saga of courage” and a transformative moment in India’s military and political response to terrorism. The modules are designed for Classes 3 to 12, narrating the events […]
Minimum Public Shareholding : SEBI
Minimum Public Shareholding : SEBI SEBI recently proposed to increase the flexibility of Minimum Public Shareholding (MPS) and Minimum Public Offer (MPO) for companies aspiring to get listed, aimed at “simplifying fund-raising by issuers in India. The Minimum Public Shareholding (MPS) rule is a regulatory requirement laid out by SEBI under the Securities Contracts (Regulation) […]
Since 2016, Stand-Up India Scheme has sanctioned ₹62,791 crore to 2.75 lakh SC/ST
Since 2016, Stand-Up India Scheme has sanctioned ₹62,791 crore to 2.75 lakh SC/ST: The Stand-Up India Scheme, launched in April 2016 to promote entrepreneurship among Scheduled Castes (SC), Scheduled Tribes (ST), and women, has achieved a significant milestone. As of August 2025, banks have sanctioned ₹62,791 crore in loans to 2,75,291 beneficiaries, according to information […]
Special Rupee Vostro Accounts : RBI
Special Rupee Vostro Accounts: RBI The Reserve Bank of India (RBI) has allowed non-residents holding Special Rupee Vostro Accounts (SRVAs) to invest surplus balances in government securities, while also removing prior approval for banks to open SRVAs, these steps aimed at boosting rupee trade and internationalising the Indian Rupee. Special Rupee Vostro Accounts (SRVAs) are […]
SBI will charge ₹2–₹10 plus GST for IMPS transfers above ₹25,000 via online channels
SBI will charge ₹2–₹10 plus GST for IMPS transfers above ₹25,000 via online channels: The State Bank of India (SBI) has revised its IMPS (Immediate Payment Service) fee structure. Effective August 15, 2025, SBI will impose nominal charges on online IMPS transactions exceeding ₹25,000, a change that affects millions of customers using UPI-linked or net […]
India’s WPI inflation stays negative at –0.58% in July 2025
India’s WPI inflation stays negative at –0.58% in July 2025: India’s Wholesale Price Index (WPI)-based inflation remained in the negative zone for the second month in a row, standing at –0.58% in July 2025 on a year-on-year basis. This continued deflation at the wholesale level points to a cooling trend in input prices across key […]
NPCI to Discontinue UPI P2P
NPCI to Discontinue UPI P2P: From October 1, 2025, NPCI will halt UPI peer-to-peer collect requests to prevent fraud, ensuring all P2P payments are user-initiated for better security. The National Payments Corporation of India (NPCI) has announced that peer-to-peer (P2P) ‘collect requests’ on UPI will be discontinued from October 1, 2025. The decision affects all […]
S&P upgrades ratings of 7 Indian banks and 3 finance firms
S&P upgrades ratings of 7 Indian banks and 3 finance firms: S&P Global Ratings has upgraded the credit ratings of 10 Indian financial institutions, including seven banks and three finance companies. This move follows India’s first sovereign credit rating upgrade in 18 years, raising it from ‘BBB-/Positive/A-3’ to ‘BBB/Stable/A-2’. The upgrades reflect improving macroeconomic conditions, […]
