Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS): The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) recently stated that revenue proceedings are not possible after the issuance of discharge certificate under SVLDRS [Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019] Scheme. Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS) […]
Category: Economics Current Affairs
Digital Payment Intelligence Platform : RBI
Digital Payment Intelligence Platform : RBI The Reserve Bank Of India has roped in major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI). It seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions. The institutional […]
Coffee Export Surge
Coffee Export Surge: India’s coffee exports surged over 25% in FY2025-26, continuing a record-breaking trend after 40% growth last year, according to the Coffee Board of India.India has recorded 25%+ export growth so far this year, after achieving US$1803 million in coffee exports in FY2024-25, up from US$1286 million in FY2023-24.India is the 7th largest […]
NATO 5% GDP Defence Spending Target
NATO 5% GDP Defence Spending Target: NATO members, at The Hague Summit, is expected to adopt a new 5% GDP defence spending target amid rising security concerns from Russia’s war in Ukraine.NATO countries will now aim to allocate 5% of their GDP on combined defence and security investments. New Target Structure: 3.5% GDP for core […]
S&P Global Ratings Boosts India’s GDP Forecast to 6.5%
S&P Global Ratings Boosts India’s GDP Forecast to 6.5%: S&P Global Ratings delivered encouraging news for India’s economic prospects on Tuesday, June 24, 2025, by raising the country’s GDP growth forecast to 6.5% for the current fiscal year. This upward revision reflects the rating agency’s confidence in India’s economic resilience despite mounting global uncertainties and […]
Household Income Survey in 2026
Household Income Survey in 2026: The Ministry of Statistics and Programme Implementation (MoSPI) has announced that India will conduct its first comprehensive Household Income Survey in 2026. A nationwide Household Income Survey aimed at generating robust and reliable data on income distribution across India for the first time. Ministry & Organisations Involved: Ministry of Statistics […]
Tripura Declared Fully Literate Under ULLAS
Tripura Declared Fully Literate Under ULLAS: Tripura has become the third Indian state, after Mizoram and Goa, to achieve full functional literacy as per the national benchmark of 95% literacy among individuals aged 15 years and above. The announcement was made on June 23, 2025, during a grand ceremony at Rabindra Satabarshiki Bhawan, Agartala, with […]
India to Revise CPI Basket and Base Year for Better Inflation Tracking
India to Revise CPI Basket and Base Year for Better Inflation Tracking: The Consumer Price Index (CPI), a key indicator for measuring retail inflation in India, is set for a significant revamp. As per the Ministry of Statistics and Programme Implementation (MoSPI), the CPI basket will be expanded, and the base year will be updated […]
RBI’s New Project Finance Norms Offer Relief to NBFCs
RBI’s New Project Finance Norms Offer Relief to NBFCs: The Reserve Bank of India (RBI) has released its final guidelines for project finance lending, introducing a more lenient framework for provisioning norms and offering relief to key non-banking financial companies (NBFCs) like PFC and REC. These norms, applicable from October 1, 2025, are expected to […]
Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar
Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar: Gold has officially become the second-largest global reserve asset, surpassing the euro, as revealed by a recent European Central Bank (ECB) report. Central banks across the world have ramped up their gold holdings in response to persistent geopolitical tensions, inflation fears, and concerns over the reliability […]
