Urban Co-operative Banks (UCBs): The Reserve Bank of India (RBI) has proposed reopening the licensing window for Urban Co-operative Banks (UCBs) after a gap of more than 20 years, seeking stakeholder feedback.Urban Co-operative Banks (UCBs) are member-owned, community-based banks operating mainly in urban and semi-urban areas, providing banking and credit services to small borrowers, traders, […]
Category: Economics Current Affairs
India’s LFPR Hits Record 56.1% in 2025
India’s LFPR Hits Record 56.1% in 2025: The Periodic Labour Force Survey (PLFS) – December 2025 shows a consistent recovery with workforce participation reaching yearly highs while unemployment rates remain broadly stable.The monthly data is based on the Current Weekly Status (CWS) approach, assessing a person’s activity status (employed, unemployed, or out of the labour […]
Household Stability
Household Stability: As the Union Budget 2026 approaches, India’s macroeconomic indicators present a picture of aggregate stability and relative strength amidst global uncertainty.A deeper analysis of the Reserve Bank of India’s (RBI) Financial Stability Report ( 2025) and Annual Report 2024–25 reveals a concerning structural shift that households are saving less, borrowing more, and increasingly […]
Engineering Export Promotion Council of India (EEPC India)
Engineering Export Promotion Council of India (EEPC India) The Engineering Export Promotion Council of India (EEPC) recently demanded lowering of income tax for non-corporate manufacturing MSMEs in the Union Budget and expediting payment of GST refunds.Engineering Export Promotion Council of India (EEPC India) is the premier trade and investment promotion organization in India, catering to […]
Export Promotion Mission (EPM)
Export Promotion Mission (EPM): The Reserve Bank of India (RBI) has issued operational guidelines for extending interest subvention on export credit under Niryat Protsahan, bringing exporters under the Export Promotion Mission (EPM).The Export Promotion Mission (EPM) is a mission-mode, unified national framework to strengthen India’s export competitiveness by integrating financial support, market access, compliance readiness, […]
1.03 Crore New Workers Added to ESIC
1.03 Crore New Workers Added to ESIC: The Union Labour Ministry announced that reforms in Employees’ State Insurance Corporation (ESIC) and Employees’ Provident Fund Organisation (EPFO), particularly the Scheme to Promote Registration of Employers/Employees (SPREE), have extended social security coverage to over one crore workers.Under SPREE, a one-time, penalty-free window enabled unregistered employers and employees […]
India Emerges as a Global Cooperative Powerhouse
India Emerges as a Global Cooperative Powerhouse: The United Nations has declared 2025 as the International Year of Cooperatives (IYC), highlighting India’s emergence as a global leader with over 8.5 lakh registered cooperatives and a renewed policy focus under the vision of “Sahkar Se Samriddhi.” India accounts for approximately 27% of all cooperatives worldwide, making […]
Agri Subsidy and Need for Reform
Agri Subsidy and Need for Reform: In the 2026 Union Budget cycle focus on rationalizing food and fertilizer subsidies—which account for roughly 8.5% of the total budget—by potentially merging them into an augmented PM-Kisan scheme.Agricultural subsidies are financial aids provided by the government to farmers to reduce input costs (fertilizers, power, seeds) or ensure price […]
Reserve Bank Integrated Ombudsman Scheme, 2026
Reserve Bank Integrated Ombudsman Scheme, 2026: The revised Reserve Bank – Integrated Ombudsman Scheme, 2026, unveiled by the central bank recently, aims to enhance complaint resolution efficiency for bank customers. It is aimed at further improving the efficiency of the resolution of complaints filed by aggrieved customers of banks and other regulated entities. It will […]
World Bank Raises India’s GDP Growth Forecast to 7.2% for FY26
World Bank Raises India’s GDP Growth Forecast to 7.2% for FY26: The World Bank has raised India’s GDP growth projection to 7.2% for FY26 in its Global Economic Prospects report, citing strong domestic demand and tax reforms. Growth is expected to moderate to 6.5% in FY27, even as India remains the fastest-growing major economy.According to […]
