Category: Economics Current Affairs

IEPFA Celebrates 9th Foundation Day with National Round Table: The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, celebrated its 9th Foundation Day on September 8, 2025, in New Delhi. The event featured a Round Table Conference on the theme “Claiming the Unclaimed: Unlocking the Potential of Idle Financial Assets […]

PM Modi Announces ₹1,600 Crore Relief for Flood‑Hit Punjab: Devastating floods and cloudbursts across Punjab, Prime Minister Narendra Modi conducted an aerial survey of the affected regions and chaired a high-level review meeting in Gurdaspur. Following the assessment, he announced a significant financial assistance package of ₹1,600 crore, further strengthening the state’s ongoing relief and […]

Balance of Payments: India has emerged as the world’s fastest-growing major economy, recording an average annual GDP growth of 8.2% from 2021 to 2024, outpacing countries like Vietnam, China, and the United States. Despite strong growth, India faces low net foreign capital inflows, reflecting a gap between GDP expansion and investor sentiment in its Balance […]

PNB Signs ₹21,000 Cr MoU with Rajasthan for Growth Push: Punjab National Bank (PNB) has signed a ₹21,000 crore Memorandum of Understanding (MoU) with the Rajasthan government under the Rising Rajasthan initiative. The partnership aims to accelerate socio-economic growth, focusing on MSMEs, women entrepreneurs, and digital financial inclusion across the state. The MoU was signed […]

R Gandhi Reappointed as Yes Bank Chairman by RBI: The Reserve Bank of India (RBI) has cleared the reappointment of R Gandhi as the part-time non-executive chairman of the private sector lender. His new term will run from September 20, 2025, to May 13, 2027, as confirmed in a regulatory filing made by Yes Bank.Rama […]

Citibank Appoints Kaustubh Kulkarni as Asia-Pacific IB Co-Head: Citibank has appointed Kaustubh Kulkarni as the new co-head of investment banking for Asia-Pacific, a region encompassing key markets like Japan, North Asia, Australia, and South Asia. Kulkarni, a seasoned finance executive with nearly three decades at JPMorgan, is set to join Citigroup in December 2025, subject […]

Corporatisation of the Ordnance Factory Board: India’s ordnance factories have posted record export orders of ₹3,500 crore in FY25, the highest ever since corporatisation.In October 2021, the government reorganised 41 Ordnance Factory Board units into seven Defence Public Sector Undertakings (DPSUs) Financial turnaround: from ₹2,844 crore cumulative loss (2019-20) → ₹625 crore profit (2022-23 & […]

Cabinet clears ₹1,500 cr scheme to promote critical mineral recycling: The Union Cabinet has approved a ₹1,500 crore scheme under the National Critical Mineral Mission (NCMM) to promote recycling of e-waste, lithium-ion batteries, and catalytic converters for recovery of critical minerals.It is a government incentive scheme worth ₹1,500 crore to promote recycling of e-waste and […]

UPI Limit Increased to ₹10 Lakh for Select Transactions: Starting September 15, 2025, the National Payments Corporation of India (NPCI) will implement revised UPI transaction limits for specific high-value payment categories. The per-transaction limit has been increased to ₹5 lakh, and the 24-hour aggregate limit raised to ₹10 lakh for several services, including insurance, capital […]

Centre Notifies Unified Pension Scheme Rules Under NPS: The Central Government of India has formally notified the Unified Pension Scheme (UPS) rules under the National Pension System (NPS), marking a key milestone in the evolution of public sector pension reforms. The newly issued Central Civil Services (Implementation of the Unified Pension Scheme under the NPS) […]