Category: Economics Current Affairs

Agreements on Reciprocal Trade: The US administration has aggressively pursued “Agreements on Reciprocal Trade” (ARTs) with developing nations such as Bangladesh, Malaysia, Cambodia, and El Salvador, alongside an interim framework with India.Negotiated under the threat of sweeping punitive tariffs, these ARTs mark a fundamental departure from the rules-based multilateralism of the World Trade Organization (WTO).For […]

CBDC Pilot for Food Subsidy Distribution: India has launched a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in Puducherry, marks a significant reform in the delivery of food subsidy through the Public Distribution System (PDS) by integrating the Digital Rupee (e₹) into the Direct Benefit […]

Reserve Bank of India’s Switch Auction: The Reserve Bank of India (RBI) has announced a Rs 25,000 crore switch auction of Government Securities (G-Secs) to manage debt maturity and reduce redemption pressure in FY27, after earlier conducting two such operations totaling Rs 84,804 crore.Redemption pressure is defined as the financial burden on the government when […]

New GDP Series (Base Year FY23): The Ministry of Statistics and Programme Implementation (MoSPI) has officially overhauled India’s national accounts, shifting the GDP base year from 2011-12 to 2022-23 and introducing significant methodological shifts to improve accuracy.The GDP base year is a standard reference point used by economists to calculate Real GDP.By using prices from […]

Slice Small Finance Bank Appoints Rajan Bajaj as MD & CEO: Slice Small Finance Bank has appointed its founder Rajan Bajaj as the new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the bank’s board, shareholders, and the Reserve Bank of India (RBI), reflecting strong confidence in Bajaj’s leadership […]

ICRA Projects India’s GDP Growth to Moderate to 7.2% in Q3 FY2025-26: Rating agency ICRA has projected that India’s year-on-year (YoY) GDP growth will moderate to 7.2% in Q3 FY2025-26, compared to 8.2% recorded in Q2 FY2025-26. The slowdown is mainly due to weaker performance in the services and agriculture sectors, despite improved growth in […]

Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS): The Union Home Minister launched India’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) in Gandhinagar, Gujarat.The CBDC-based PDS is a digitally enabled ration distribution system that integrates Central Bank Digital Currency into the Public Distribution System to ensure secure and transparent food grain […]

Consumer Price Index (CPI) Base 2024=100: MoSPI has released the first CPI (Base 2024=100) press note on 12 Feb 2026, reporting Jan 2026 retail inflation at 2.75%.Consumer Price Index (CPI) measures the change in retail prices of a fixed basket of goods and services consumed by households, and is India’s headline retail inflation indicator (YoY […]

Uday Kotak Appointed Chairman of GIFT City: The Gujarat government has appointed Uday Kotak, founder of Kotak Mahindra Bank, as the new Chairman of GIFT City (Gujarat International Finance-Tec City), located in Gandhinagar.He replaces Hasmukh Adhia, who previously served as the non-executive chairman. The appointment order was issued by the Urban Development and Urban Housing […]