Category: Economics Current Affairs

Ant Group to Sell 4% Stake in Paytm Worth ₹2,066 Crore via Bulk Deal: Chinese financial services major Ant Group, through its affiliate Antfin (Netherlands) Holding BV, has announced plans to sell a 4% stake in fintech company One97 Communications Ltd—the parent firm of Paytm—for approximately ₹2,066 crore via bulk deals on Indian stock exchanges. […]

US-China Agree to Slash Tariffs Amid Trade War De-escalation: The United States and China have agreed to slash reciprocal tariffs by 115% as part of a 90-day truce in their prolonged trade war. The deal, finalized after high-level talks in Geneva between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, marks a […]

Tax exemption for residences of active defence personnel : AP Gesture to honour India’s armed forces, Andhra Pradesh Deputy Chief Minister Pawan Kalyan announced a full property tax exemption for homes owned by active defence personnel located within gram panchayat areas across the state. The move comes as an expansion of an earlier benefit limited […]

RBI Slaps Penalties on SBI and Jana Small Finance Bank for Regulatory Lapses: The Reserve Bank of India (RBI) has imposed monetary penalties on two banks — State Bank of India (SBI) and Jana Small Finance Bank — for deficiencies in compliance with banking norms. The action underlines the central bank’s strict approach toward ensuring […]

Niveshak Shivir Initiative: IEPFA and SEBI jointly convened a strategic meeting, to launch the “Niveshak Shivir” initiative to help investors reclaim unclaimed dividends and shares.A nationwide investor assistance and outreach program to help investors reclaim unclaimed dividends and shares with ease.Launched by: Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs, […]

RBI Slaps Penalties on SBI and Jana Small Finance Bank for Regulatory Lapses: The Reserve Bank of India (RBI) has imposed monetary penalties on two banks — State Bank of India (SBI) and Jana Small Finance Bank — for deficiencies in compliance with banking norms. The action underlines the central bank’s strict approach toward ensuring […]

Uttar Pradesh Partners with World Bank to Launch UP AGREES & AI Pragya Initiatives: Uttar Pradesh Chief Minister Yogi Adityanath, in the presence of World Bank President Ajay Banga, launched two transformative initiatives — UP AGREES and AI Pragya — aimed at revolutionizing agriculture and promoting digital skill development across the state. These World Bank-supported […]

UK’s Proposed Carbon Border Tax: India has stated it will retaliate if the UK imposes a carbon tax (CBAM) on Indian exports starting January 2027, calling it a violation of the CBDR (Common But Differentiated Responsibilities) principle under international climate agreements. CBAM is a form of carbon tax on imports imposed by developed countries (like […]

Moody’s Cuts India’s 2025 GDP Forecast to 6.3% Amid Global Trade Uncertainty: Moody’s Ratings has revised India’s GDP growth forecast for the calendar year 2025 down to 6.3%, citing heightened global policy uncertainty, especially from the United States, persistent trade tensions, and increasing geopolitical risks as major contributing factors. The agency, however, retained its growth […]

SBI Launches Largest Staff Engagement Initiative to Empower Workforce: The State Bank of India (SBI), India’s largest public sector bank, has launched a massive employee engagement and skill development initiative titled ‘Next LEAP’ and ‘SuPer SBI: Great to Greater’ to make its workforce future-ready and boost performance, pride, and productivity. This marks the largest such […]