Category: Economics Current Affairs

The World Bank Revised the Global Poverty Line: The World Bank revised the global poverty line to $3/day (PPP 2021) from $2.15/day (PPP 2017) based on updated price data and survey methods. A poverty line defines the minimum daily spending needed for basic needs like food, clothing, and shelter. The global poverty line is adjusted […]

Part-time Member of the 16th Finance Commission: Shri T. Rabi Sankar, Deputy Governor of RBI, has been appointed as a part-time Member of the 16th Finance Commission (XVIFC) following the resignation of Shri Ajay Narayan Jha. Finance Commission is a constitutional body constituted under Article 280 of the Indian Constitution. It recommends the distribution of […]

Loan-to-Value (LTV) Ratio: Providing relief to small borrowers, the Reserve Bank of India (RBI) recently increased the loan-to-value (LTV) ratio for gold-backed loans up to ₹5 lakh. Recent RBI Changes to Loan-to-Value (LTV) Ratio for Gold-Backed Loans: RBI has increased the LTV ratio from 75% to 85% for gold loans of up to Rs 2.5 […]

Amit Shah Launches Bharatiya Bhasha Anubhag: Union Home Minister Amit Shah inaugurated the Bharatiya Bhasha Anubhag (BBA), or Indian Languages Section, in New Delhi. This initiative is aimed at reducing the dominance of foreign languages, especially English, in India’s administrative functioning and promoting the use of mother tongues in decision-making and official communication. The move […]

SEBI’s Operational Framework for ESG Debt Securities: SEBI has notified a detailed operational framework for issuing Environmental, Social, and Governance (ESG) debt securities, including social, sustainability, and sustainability-linked bonds.ESG debt securities are financial instruments used to raise funds exclusively for projects with environmental, social, or governance benefits. These include: Social Bonds (for social impact projects) […]

16th Census of India: The Government of India has announced that the 16th Census will conclude by March 2027, marking the first digital and caste-based census in Independent India. A Census is the official enumeration of population, providing vital statistics on demography, economy, and socio-cultural aspects at every administrative level. Conducted every 10 years under […]

Nomura Forecasts India’s GDP to Slow to 6.2% in FY26: Japanese brokerage firm Nomura has projected that India’s GDP growth will moderate to 6.2% in FY26, down from 6.5% in FY25, signaling a slowdown from the sharp 9.2% expansion recorded in FY24. The forecast, released on June 3, 2025, reflects increasing divergence between robust headline […]

Flipkart has become the first large e-commerce firm in India to receive a Non-Banking Financial Company licence from the Reserve Bank of India: Walmart-owned Flipkart has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this licence, Flipkart can now offer loans directly to its customers […]

India Achieves Fiscal Deficit Target of 4.8% for FY25: The Government of India has successfully met its fiscal deficit target of 4.8% of Gross Domestic Product (GDP) for the financial year 2024–25, as revealed in the provisional data released by the Controller General of Accounts (CGA).The CGA, under the Department of Expenditure, Ministry of Finance, […]

India has extended financial support to the Maldives by rolling over (renewing) a USD 50 million Treasury Bill: India has extended financial support to the Maldives by rolling over (renewing) a USD 50 million Treasury Bill, under a special government-to-government (G2G) framework that began in 2019. India recognized Maldives in 1965 and established its mission […]