Category: Economics Current Affairs

Taxing Virtual Digital Assets: The Income Tax Bill, 2025 classifies Virtual Digital Assets (VDAs) as property and capital assets, bringing them under capital gains taxation and regulatory scrutiny. The bill imposes a 30% tax on VDA transfers, 1% TDS on transactions, and mandates reporting, ensuring transparency and preventing financial misuse.Virtual Digital Assets (VDAs) refer to […]

Navratna Status: The Central Government has granted Navratna status to IRCTC and IRFC, making them the 25th and 26th Navratna CPSEs in India.Navratna is a prestigious classification for Central Public Sector Enterprises (CPSEs) demonstrating exceptional financial and operational performance. It grants greater investment autonomy and decision-making flexibility.

India’s Circular Economy: A $2 Trillion Market and 10 Million Jobs by 2050 India’s circular economy is projected to generate over $2 trillion in market value and create nearly 10 million jobs by 2050, according to Union Minister Bhupender Yadav. Speaking at the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, […]

Madhya Pradesh Government to Provide Permanent Power Connections to Farmers for Just Rs 5: The agricultural community in Madhya Pradesh, Chief Minister Mohan Yadav announced on Sunday, March 3, 2025, that farmers across the state will soon receive permanent power connections for a nominal fee of just Rs 5. This initiative aims to provide affordable […]

Bank of Baroda Achieves ISO 22301:2019 Certification: Bank of Baroda, one of India’s leading public sector banks, has been awarded the prestigious ISO 22301:2019 Business Continuity Management System (BCMS) certification by the British Standards Institution (BSI). This recognition underscores the bank’s strong commitment to operational resilience, business continuity planning, and risk management, ensuring uninterrupted banking […]

Paytm Partners with Perplexity to Enhance AI: Paytm has announced its partnership with Perplexity, an AI-driven answer engine. This collaboration aims to integrate AI-powered search into the Paytm app, allowing users to ask questions, explore various topics in local languages, and make informed financial decisions.Perplexity is an advanced AI-driven answer engine designed to provide real-time […]

YES BANK Hosts Export Conclave 2025 in Collaboration with WTC Mumbai: YES BANK, India’s sixth-largest private sector bank, joined forces with the World Trade Center (WTC) Mumbai to host the prestigious Export Conclave 2025 at YES BANK House. The event served as a significant platform for exporters, industry leaders, and government officials to discuss emerging […]

City Union Bank Partners with Chennai Super Kings to Launch Co-Branded Credit Card: City Union Bank (CUB) has announced a strategic partnership with Chennai Super Kings (CSK) to introduce an exclusive co-branded credit card. This collaboration aims to offer CSK fans a unique financial product that enhances their purchasing experience while allowing them to showcase […]

GST Collections Surge by 9.1% to Reach ₹1.84 Lakh Crore in February 2025: The Goods and Services Tax (GST) collections in February 2025 saw a significant 9.1% year-on-year growth, reaching approximately ₹1.84 lakh crore, as per official data released. This increase highlights the robustness of domestic economic activity and improved compliance measures.The total gross GST […]