India’s 7.8% GDP Growth Debate: The MoSPI rejected claims that India’s Q1 FY 2026–27 real GDP growth of 7.8% was inflated, stating that estimates use the 2022–23 base year, Producer Price Indices (PPI), and double-deflation methodology. Real GDP reached ₹81.36 lakh crore (7.8% YoY growth), while nominal GDP reached ₹88.27 lakh crore (10.3% YoY growth). […]
Category: Economics Current Affairs
Banks Seek CRR Cut on Green Deposits
Banks Seek CRR Cut on Green Deposits: In a significant move to accelerate India’s transition towards a net-zero economy, public sector banks have approached the Reserve Bank of India (RBI) seeking a reduction in the Cash Reserve Ratio (CRR) applicable to green deposits. Banks have advocated for an initial CRR reduction of up to 100 […]
9th Foundation Day of India Post Payments Bank (IPPB)
9th Foundation Day of India Post Payments Bank (IPPB): India Post Payments Bank (IPPB) celebrated its 9th Foundation Day (IPPB Day 2026) on 1st September 2026. India Post Payments Bank (IPPB) was launched on 1st September 2018 under the Department of Posts, Ministry of Communications, with 100% equity ownership by the Government of India. IPPB […]
National Bank for Financing Infrastructure and Development : In News
National Bank for Financing Infrastructure and Development: In News The National Bank for Agriculture and Rural Development and the National Bank for Financing Infrastructure and Development (NaBFID) have signed an MoU for financing infrastructure projects with significant rural impact. It is a specialized Development Finance Institution in India. It is aimed at supporting the country’s […]
Information Technology Resilience Index
Information Technology Resilience Index: The Securities and Exchange Board of India (SEBI) has introduced an Information Technology Resilience Index (ITRI) for market infrastructure institutions (MIIs). Information Technology Resilience Index is introduced to assess the functioning and resilience of information technology systems of market infrastructure institutions (MIIs), including stock exchanges, depositories and clearing corporations. It is […]
Surge in India’s Merchandise Exports
Surge in India’s Merchandise Exports: Data released by the Ministry of Commerce and Industry revealed that India’s merchandise exports surged by nearly 20% year-on-year in July 2026, reaching USD 44.2 billion. This growth has been achieved despite the ongoing geopolitical turmoil in West Asia, driven largely by strategic market diversification and the rerouting of maritime […]
India Becomes World’s 2nd-Largest Supplier of Seafarers
India Becomes World’s 2nd-Largest Supplier of Seafarers: India has emerged as the world’s second-largest supplier of seafarers to the global shipping industry, according to the BIMCO-ICS Seafarer Workforce Report 2026, marking a major milestone in India’s maritime sector. India contributes 311,936 seafarers, accounting for 12.16% of the global seafaring workforce. The Philippines remains the largest […]
Centre’s FY 2026–27 Fiscal Outlook
Centre’s FY 2026–27 Fiscal Outlook: Former RBI Governor C. Rangarajan and D.K. Srivastava assessed the Centre’s FY 2026–27 fiscal outlook, noting that strong non-tax revenues and capital spending could keep the fiscal deficit near the 4.6% target, despite tax, subsidy and geopolitical pressures. The Centre’s fiscal outlook represents the projected health of Union government finances […]
India’s Trade Agreements in Action
India’s Trade Agreements in Action: The Government has highlighted India’s growing use of Free Trade Agreements, showing early export gains, rising preferential Certificate of Origin issuance and wider product diversification across FTA partner markets.Over the past decade, India has expanded its network of Free Trade Agreements (FTAs) across major global markets, reflecting its growing economic […]
Regional Rural Banks
Regional Rural Banks: The Ministry of Finance recently said that Regional Rural Banks (RRBs) have recorded strong growth in credit delivery during the financial year 2025-26. RRBs are financial institutions established to provide financial services to rural areas. They are formed in collaboration by the Central Government, State Governments, and Sponsoring Commercial Banks to give […]
