India Resumes Tourist Visas for Chinese Citizens After Five Years: India has officially resumed the issuance of tourist visas to Chinese nationals after a five-year pause, marking a significant diplomatic and people-to-people development. This step reflects a cautious yet positive recalibration in India-China bilateral ties, especially in the realm of tourism, soft diplomacy, and regional […]
Category: Economics Current Affairs
Financial Inclusion Index
Financial Inclusion Index: The Reserve Bank of India has informed that the Financial Inclusion Index of the FI index for Financial Year 2025 has improved and stands at 67 percent as compared to 64.2 percent for FY 2024. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as […]
Fino Payments Bank Launches “GATI” Savings Account
Fino Payments Bank Launches “GATI” Savings Account: Fino Payments Bank has launched a new digital savings account named “GATI” a term meaning “speed” in several Indian languages with the aim to deepen UPI transaction penetration in rural and semi-urban areas of West Bengal. By offering an affordable, zero-balance account with instant transaction capability, Fino seeks […]
RBI’s approval for Warburg Pincus to invest in IDFC First Bank
RBI’s approval for Warburg Pincus to invest in IDFC First Bank: The Reserve Bank of India (RBI) has granted approval to Warburg Pincus, a prominent global private equity firm, to acquire up to 9.99% stake in IDFC First Bank. The ₹4,876 crore investment is expected to enhance the bank’s capital base and support its growth […]
SBI Adjudged World’s Best Consumer Bank 2025 by Global Finance Magazine
SBI Adjudged World’s Best Consumer Bank 2025 by Global Finance Magazine: The State Bank of India (SBI) has been named the World’s Best Consumer Bank for 2025 by the reputed Global Finance magazine, recognizing the bank’s customer-centric innovations and strong digital presence. This global recognition reinforces SBI’s commitment to inclusive and modern banking.SBI, India’s largest […]
Public Sector Banks Write Off Over ₹12 Lakh Crore In last 9 Years
Public Sector Banks Write Off Over ₹12 Lakh Crore In last 9 Years: The Ministry of Finance recently informed the Rajya Sabha that Public Sector Banks (PSBs) have written off more than ₹12 lakh crore in non-performing assets (NPAs) between FY2016 and FY2025. Despite the massive write-offs, efforts to recover the loans continue under various […]
SBI’s Raise The Amount Of ₹25,000 Crore Via QIP
SBI’s Raise The Amount Of ₹25,000 Crore Via QIP: The State Bank of India (SBI) achieved a historic milestone on July 22, 2025, by successfully executing India’s largest-ever Qualified Institutional Placement (QIP), raising ₹25,000 crore. The QIP was oversubscribed 4.5 times, indicating robust investor confidence in India’s banking sector and economic trajectory. With strong participation […]
NABARD Celebrates 44 Years
NABARD Celebrates 44 Years: The National Bank for Agriculture and Rural Development (NABARD) recently celebrated its 44th Foundation Day, reaffirming its commitment to rural development, financial inclusion, and institutional strengthening. Established in 1982, NABARD plays a pivotal role in enabling sustainable and inclusive growth in India’s rural landscape. The celebration was marked by events, documentaries, […]
Codex Alimentarius
Codex Alimentarius: India’s millet standard and leadership in Codex committees were appreciated at the 88th Codex Executive Committee (CCEXEC88) in Rome. Codex Alimentarius is a collection of internationally recognized food standards, guidelines, and codes of practice. It promotes food safety, consumer protection, and fair-trade practices in international food commerce. Established in: 1963 by FAO and […]
Kerala’s KITE Initiative
Kerala’s KITE Initiative: Kerala’s KITE initiative has gained national and international attention for ethically integrating Artificial Intelligence (AI) in school education, with UNICEF recognising it as a global best practice in responsible EdTech. Kerala Infrastructure and Technology for Education (KITE) is the technology arm of Kerala’s General Education Department. It was established to integrate digital […]
