Skill Impact Bonds: As India strives for economic growth and inclusive development, innovative models like the Skill Impact Bond (SIB) are emerging to address key challenges in skilling and employment, especially among marginalized communities and women. The Skill Impact Bond (SIB) 2025 report reveals that Jharkhand has the highest share of enrolled trainees, with women […]
Category: Economics Current Affairs
National Highways & Infrastructure Development Corporation Limited (NHIDCL)
National Highways & Infrastructure Development Corporation Limited (NHIDCL): The traffic from Sikkim and Kalimpong to Siliguri and vice versa on NH10 remained suspended because of repairs by the National Highways & Infrastructure Development Corporation Limited on a 30 km-long stretch following a landslide and cave-ins. It is a Central Public Sector Undertaking (CPSU) under the […]
Assets Under Management
Assets Under Management: The Asset Under Management (AUM) of India’s Mutual Fund (MF) industry was estimated at ₹74.40 lakh crore, marking a more than sevenfold growth in 10 years, according to a recent report. AUM is a crucial metric in the financial industry, particularly in mutual funds. AUM refers to the total market value of […]
LTIMindtree Bags ₹811.5 Crore PAN 2.0 Project from Income Tax Department
LTIMindtree Bags ₹811.5 Crore PAN 2.0 Project from Income Tax Department: The Income Tax Department has selected LTIMindtree Ltd, a Larsen & Toubro subsidiary, to execute the PAN 2.0 project. Cleared by the Cabinet Committee on Economic Affairs in November 2024, the project—worth ₹811.5 crore aims to modernize and streamline PAN and TAN services and […]
Investor Education and Protection Fund Authority
Investor Education and Protection Fund Authority: The Investor Education and Protection Fund Authority (IEPFA) is in the final phase of testing its Integrated Portal, a unified digital platform designed to streamline claim processes and enhance accessibility for both investors and companies. The Investor Education and Protection Fund Authority (IEPFA) was established in 2016 under the […]
RBI Approves Merger of New India Co-operative Bank with Saraswat Bank
RBI Approves Merger of New India Co-operative Bank with Saraswat Bank: The Reserve Bank of India (RBI) has approved the merger of New India Co-operative Bank with Saraswat Co-operative Bank, the largest urban co-operative bank in the country. The merger will officially take effect from August 4, 2025. Under the approved Scheme of Amalgamation, Saraswat […]
India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking
India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking: The India Post Payments Bank (IPPB) has launched a nationwide Aadhaar-based face authentication feature for customer transactions. Developed under the Unique Identification Authority of India (UIDAI) framework, this innovation is designed to ensure financial inclusion while enhancing both security and convenience.The new feature allows […]
Supply and Use Table
Supply and Use Table: The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘Supply and Use Tables of 2020-21 and 2021-22’. It represents a detailed snapshot of all economic activities taking place in the economy. They are powerful analytical tools that present the structure of an economy as well as interlinkages among the […]
Skill Impact Bond
Skill Impact Bond: The Minister of State for Skill Development and Entrepreneurship cited the Skill Impact Bond (SIB) as delivering measurable social impact. It is an innovative financing tool aimed at improving employment outcomes for young people, Under this initiative, first skills are provided to young people, and then jobs are provided to them or […]
Digital Payments Index
Digital Payments Index: The Reserve Bank of India (RBI) announced that its Digital Payments Index (RBI-DPI) surged to 493.22 in March 2025, up from 465.33 in September 2024. It has been constructed by the Reserve Bank of India to measure the extent of digitisation of payments across the country. It was first launched in January […]
