Category: Economics Current Affairs

Retail Inflation Hits 6-Year Low of 2.82% in May 2025: India’s retail inflation cooled to a six-year low of 2.82% in May 2025, primarily driven by a sharp decline in food prices. According to data released by the National Statistical Office (NSO), food inflation dropped to 0.99% from 8.69% a year ago. This development marks […]

FSIB Picks R Doraiswamy as MD & CEO of LIC: The Financial Services Institutions Bureau (FSIB) has recommended R Doraiswamy, an experienced LIC executive, for the coveted post of Managing Director (MD) and Chief Executive Officer (CEO) of the Life Insurance Corporation of India (LIC). With over 38 years of service at LIC, Doraiswamy is […]

SEBI to Launch ‘SEBI Check’ to Verify UPI IDs: The Securities and Exchange Board of India (SEBI) announced a new initiative titled “SEBI Check.” This tool will allow investors to verify UPI payment handles used by SEBI-registered intermediaries before making transactions. The new functionality, expected to be launched soon, will significantly increase the safety and […]

Reserve Bank of India (RBI) will re-issue ₹5,000 crore of Sovereign Green Bonds: The Reserve Bank of India (RBI) will re-issue ₹5,000 crore worth of Sovereign Green Bonds (SGrBs) as part of a ₹30,000 crore government securities (G-Secs) auction scheduled for June 13, 2025. These bonds, aimed at funding environmentally sustainable infrastructure projects, form a […]

SBI General Insurance Appoints Mohd. Arif Khan as Deputy CEO: SBI General Insurance, one of India’s leading general insurance companies, has appointed Mohd. Arif Khan as its Deputy Chief Executive Officer. A seasoned professional with over 25 years of service in the State Bank of India (SBI), Khan brings deep banking and leadership experience that […]

FDI Inflows : 2024–25 The RBI’s Annual Report 2024–25 shows gross FDI inflows rose by 13.7%, yet long-term net inflows have halved due to rising disinvestments. India’s net FDI dropped to just $0.4 billion in 2024–25, down sharply from $44 billion in 2020–21.Despite a 13.7% increase in gross inflows in 2024–25, average annual growth was […]

Algorithmic Trading: The Securities and Exchange Board of India (SEBI) recently announced a settlement scheme for stockbrokers currently under regulatory scrutiny for collaborating with unregulated algorithmic (algo) trading platforms. Algorithmic trading (also called automated trading, black-box trading, or algo-trading) uses a computer program that follows a defined set of instructions (an algorithm) to place a […]

Goa has been declared fully functionally literate: Goa has been declared fully functionally literate under the Ministry of Education’s ULLAS (Understanding of Lifelong Learning for All in Society)-Nav Bharat Saaksharta Karyakram programme, also known as the New India Literacy Programme (NILP).While Goa’s literacy rate was 93.60% as per PLFS 2023–24, a state-level ULLAS survey confirmed […]

World Accreditation Day 2025: The Quality Council of India (QCI) celebrated World Accreditation Day (WAD) 2025 on 9th June to highlight the role of accreditation in trade and economy, with the theme “Accreditation: Empowering Small and Medium Enterprises (SMEs)”. QCI also launched the revamped NABL Portal and Gunvatta Samarpan Initiative to enhance digital accreditation access […]

SBI Pays ₹8,076.84 Crore Dividend to Government for FY25: The State Bank of India (SBI), the country’s largest public sector lender, has paid a dividend of ₹8,076.84 crore for the financial year 2024-25. The dividend cheque was formally handed over to Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty on Monday, underscoring the bank’s […]