Category: Economics Current Affairs

PM-YUVA 3.0: The Ministry of Education launched PM-YUVA 3.0 (Young, Upcoming and Versatile Authors)-Prime Minister’s Scheme for Mentoring Young Authors. It aims to train young authors (below 30 years) to promote reading, writing, and book culture while projecting Indian literature globally. Themes: Contribution of Indian Diaspora in Nation Building Indian Knowledge System Makers of Modern […]

Valueattics Reinsurance Becomes India’s First Private Reinsurer: The Insurance Regulatory and Development Authority of India (IRDAI) granted Valueattics Reinsurance, backed by Prem Watsa and Kamesh Goyal, the first private reinsurance license in India. This development marks a significant step towards fostering competition in the reinsurance sector, ending GIC Re’s monopoly that has existed since 1972. […]

The IRDAI has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25: The Insurance Regulatory and Development Authority of India (IRDAI) has once again designated Life Insurance Corporation of India (LIC), The New India Assurance Company, and General Insurance Corporation of India (GIC Re) as Domestic […]

Indian Rupee Symbol : Controversy   Tamil Nadu government replaced the official Indian Rupee symbol with the Tamil letter “Ru” in the state Budget 2025-26, sparking a political row. The Indian Rupee (₹) symbol represents India’s economic strength and global identity in financial transactions. Officially adopted by the Government of India on July 15, 2010. […]

RBI Wins Digital Transformation Award 2025: The Reserve Bank of India (RBI) has been awarded the Digital Transformation Award 2025 by Central Banking, London, UK. This prestigious recognition is a testament to RBI’s successful implementation of its digital initiatives—Pravaah and Sarthi—which were developed in-house by its IT team. These digital advancements have significantly improved RBI’s […]

Kisan Credit Card : Report In a sign of stress in the agriculture sector, scheduled commercial banks, excluding regional rural banks (RRBs), have seen a sharp increase of 42 per cent in bad loans Kisan Credit Card (KCC) accounts. The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards […]

District-Level GDP Estimation: India’s economic growth has long been assessed through national and state-level Gross Domestic Product (GDP) estimates, leaving districts (District Domestic Product (DDP) Estimation) overlooked in economic assessments.Prime Minister Narendra Modi has emphasized that to achieve the USD 5 trillion economy target, India must determine district-wise contributions and implement localized development strategies.Current GDP […]

Grant in Aid to NCDC: The Ministry of Cooperation has provided a ₹1,000 crore grant to the National Cooperative Development Corporation (NCDC) to strengthen Cooperative Sugar Mills (CSMs). The grant aims to leverage ₹10,000 crore in financial assistance for ethanol plants, cogeneration units, and working capital support.A financial assistance initiative to support Cooperative Sugar Mills […]

AAHAR 2025: The Agricultural and Processed Food Products Export Development Authority (APEDA) showcased India’s agricultural and processed food excellence at AAHAR 2025, with 95 exhibitors from 17 states and UTs. APEDA (Agricultural and Processed Food Products Export Development Authority) is a statutory body established under the APEDA Act, 1985.It functions under the Ministry of Commerce […]

NGO to create a mini-forest for school students: Pasumai Vidhaigal, an NGO in Kancheepuram district, has planted over 1,000 fruit tree saplings at the Ullavoor government school to create a mini-forest. This initiative promotes environmental awareness among students and encourages community participation. Over the past 10 years, the NGO has distributed 2.7 lakh saplings and […]