RBI Slaps ₹62 Lakh Penalty on Kotak Mahindra Bank: The Reserve Bank of India (RBI) has imposed a monetary penalty of INR 61.95 lakh on Kotak Mahindra Bank for non-compliance with multiple regulatory norms. The action follows RBI’s supervisory inspection of the bank’s operations and highlights the central bank focus on customer protection and data […]
Category: Economics Current Affairs
ADB commits $4.26 billion in sovereign lending to India in 2025
ADB commits $4.26 billion in sovereign lending to India in 2025: The Asian Development Bank (ADB) has committed $4.26 billion in sovereign lending to India in 2025. Supporting various projects across skilling, clean energy, urban development, transport, healthcare, and tourism. The funding aligns closely with India’s priority development goals and long-term growth strategy.ADB approved 16 […]
Hurun Rich List 2025 ranks Zomato (Eternal) founder Deepinder Goyal as India’s top self-made entrepreneur
Hurun Rich List 2025 ranks Zomato (Eternal) founder Deepinder Goyal as India’s top self-made entrepreneur: The Hurun Rich List 2025 has once again highlighted India’s dynamic startup and business ecosystem. This year, Deepinder Goyal, founder and CEO of Eternal (formerly Zomato), has emerged as India’s top self-made entrepreneur, overtaking veteran businessman Radhakishan Damani of D-Mart. […]
SEBI Allows Zero-Coupon Bonds to Be Issued in Smaller Denominations
SEBI Allows Zero-Coupon Bonds to Be Issued in Smaller Denominations: Securities and Exchange Board of India (SEBI) has allowed zero-coupon bonds to be issued in smaller denominations of INR 10,000. Announced on 18 December 2025, this decision is aimed at widening investor participation, improving accessibility to debt instruments, and strengthening India’s corporate bond market. The […]
Centralised Public Grievance Redress and Monitoring System (CPGRAMS)
Centralised Public Grievance Redress and Monitoring System (CPGRAMS): India’s Centralised Public Grievances Redressal and Monitoring System (CPGRAMS) has seen a 74% reduction in public grievance pendency since 2021. CPGRAMS is an online platform available to the citizens 24×7 to lodge their grievances to the public authorities on any subject related to service delivery. It was […]
International Fund for Agricultural Development : In News
International Fund for Agricultural Development: In News The Government of India highlighted country’s pioneering achievements in rural transformation and development leadership at International Fund for Agricultural Development – India Day event held in Rome. It is an international financial institution and a specialized agency of the United Nations. It was established as an international financial […]
Poverty in India : Report
Poverty in India : Report A new research paper by Arvind Panagariya, Chairman of the 16th Finance Commission, finds that India has “virtually eliminated” extreme poverty between 2011–12 and 2023–24. Key Highlights of the Study on Poverty: Extreme Poverty Nearly Eliminated: Poverty fell from 21.9% to 2.3% between 2011–12 and 2023–24, indicating near-elimination of extreme […]
‘Centre of Choice’ Facility for PwBD Candidates
‘Centre of Choice’ Facility for PwBD Candidates: UPSC has introduced a new ‘Centre of Choice’ facility ensuring that all Persons with Benchmark Disabilities (PwBD) candidates receive their preferred exam centre. ‘Centre of Choice’ Facility for PwBD Candidates: A new UPSC initiative guaranteeing that every PwBD applicant is allotted the exam centre they select in their […]
Proposal to rename MNREGA
Proposal to rename MNREGA: The Centre is set to amend the MGNREGA Act to rename the flagship rural employment scheme as “Pujya Bapu Gramin Rozgar Yojana” and may raise the guaranteed work limit from 100 to 125 days.MGNREGA is a demand-driven, rights-based rural wage employment programme guaranteeing unskilled manual work to rural households, aimed at […]
APAAR ID
APAAR ID: The Orissa High Court recently directed education authorities at both the state and central levels to amend the consent form used for generating Automated Permanent Academic Account Registry (APAAR) IDs to include an explicit opt-out option. APAAR stands for Automated Permanent Academic Account Registry. It was introduced by the Ministry of Education, Government […]
