EY Report Projects 6.5% Growth in FY26 For India: The latest EY Economy Watch report projects India’s GDP growth at 6.5% for FY26 (April 2025 – March 2026), emphasizing the importance of a well-calibrated fiscal strategy that balances economic expansion and fiscal prudence. The report highlights the need for increased government investment in human capital […]
Category: Economics Current Affairs
Sivasubramanian Ramann Appointed as New Chairperson of PFRDA
Sivasubramanian Ramann Appointed as New Chairperson of PFRDA: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sivasubramanian Ramann as the new Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) for a tenure of five years. Ramann, who currently serves as the Deputy Comptroller & Auditor General (CAG) and Chief […]
Poonam Gupta Appointed as RBI Deputy Governor Ahead of MPC Meeting
Poonam Gupta Appointed as RBI Deputy Governor Ahead of MPC Meeting: The Reserve Bank of India (RBI) has appointed Poonam Gupta as its new Deputy Governor, succeeding Michael Patra. Her appointment comes just before the Monetary Policy Committee (MPC) meeting, scheduled for April 7-9, 2025. With her vast experience in macroeconomic policy, international financial institutions, […]
Swaminathan S. Iyer Appointed as Whole-Time Member (Life) of IRDAI
Swaminathan S. Iyer Appointed as Whole-Time Member (Life) of IRDAI: The Government of India has approved the appointment of Swaminathan S. Iyer as a whole-time member (life) of the Insurance Regulatory and Development Authority of India (IRDAI). This appointment has significant implications for the insurance sector, as the IRDAI plays a critical role in regulating […]
India’s GST Collections Surge 9.9% YoY in March 2025
India’s GST Collections Surge 9.9% YoY in March 2025: India’s Goods and Services Tax (GST) collections witnessed a strong growth of 9.9% year-on-year (YoY) in March 2025, reaching Rs 1.96 lakh crore. This marks a significant rise in indirect tax revenue, reflecting steady economic activity and increased compliance. The gross GST collection for March stood […]
Decline in India’s Cotton Production
Decline in India’s Cotton Production: India, once the world’s largest cotton producer and exporter, is facing a significant decline in cotton production, primarily due to the lack of technological advancements and policy inaction.Hybrid Cotton Varieties developed by Indian scientists like C.T. Patel and B.H. Katarki in the 1970s, has significantly improved yields. Bt (Bacillus thuringiensis) […]
UPI Transactions Hit Record Rs 24.77 Trillion in March 2025, Marking New High in FY25
UPI Transactions Hit Record Rs 24.77 Trillion in March 2025, Marking New High in FY25: Unified Payments Interface (UPI) transactions surged to a record high in March 2025, reaching Rs 24.77 trillion in value and 19.78 billion in volume. This represents a significant 13% increase in value and 14% rise in volume compared to February […]
90th Anniversary of the Reserve Bank of India (RBI)
90th Anniversary of the Reserve Bank of India (RBI): The Reserve Bank of India (RBI) marks its 90th anniversary in 2025, commemorating nine decades of financial governance, economic stability, and monetary policy regulation in India. Established on April 1, 1935, under the Reserve Bank of India Act, 1934, the RBI has played a pivotal role […]
India’s 6.5% Growth Highest Amongst Advanced
India’s 6.5% Growth Highest Amongst Advanced: According to Moody’s Ratings, India is projected to achieve a 6.5% GDP growth in the current fiscal year (2025-26), making it the fastest-growing economy among advanced and emerging G20 nations. Although slightly lower than last year’s 6.7% growth, India continues to outpace its global counterparts, driven by strong tax […]
NITI NCAER States Economic Forum Portal
NITI NCAER States Economic Forum Portal: Amid complaints by opposition-ruled states that they faced discrimination in the sharing of resources, the Union Finance Minister will launch the “NITI NCAER States Economic Forum” portal. It was developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER). It is a comprehensive repository […]
