Category: Economics Current Affairs

Reverse Flipping: The SEBI recently announced a slew of measures to ease the compliance burden in the stock market ecosystem, encourage more companies to list on the bourses after reverse flipping to India, and facilitate greater foreign fund flows into government bonds. Flipping, or ‘externalised structure,’ refers to the process of transferring entire ownership of […]

ICRA Predicts 6.2% GDP Growth for India in FY26: ICRA has projected India’s real GDP growth for FY2025–26 to dip slightly to 6.2%, down from 6.5% in FY2024–25, citing a slowdown in merchandise exports and continued uncertainty in global trade dynamics. However, strong rural demand, supportive fiscal measures, and higher capital expenditure are expected to […]

Centre Approves ₹2,006.40 Crore Assistance to Himachal Pradesh for 2023 Disaster Recovery: Himachal Pradesh’s post-disaster recovery efforts, the central government has approved ₹2,006.40 crore for reconstruction and rehabilitation in the wake of devastating floods, landslides, and cloudbursts during the 2023 monsoon. The assistance will be provided under the National Disaster Response Fund (NDRF) and was […]

Inclusive Pension System for India: The Economic Survey 2025-26 highlighted that India’s pension assets are only 17% of GDP, with less than 12% workforce coverage. Experts call for an inclusive national pension system to address rising old-age dependency.A pension provides financial security after retirement, ensuring income stability when earning capacity declines. As per Economic Survey […]

SBI Cards’ New Minimum Amount Due (MAD) Formula: State Bank of India Credit Cards (SBI Cards) will implement a revised formula to calculate the Minimum Amount Due (MAD). This is the amount that a cardholder is mandatorily required to pay by the due date to keep their account in good standing. The new approach is […]

India’s Unemployment Rises to 5.6% in May 2025: India’s unemployment rate increased to 5.6% in May 2025, up from 5.1% in April, primarily due to a sharp decline in agricultural jobs following the harvest season, according to data released by the Ministry of Statistics. The jobless rate among urban and rural youth and female workers […]

Anuradha Thakur Appointed to SEBI Board: Anuradha Thakur, a 1994 batch IAS officer of the Himachal Pradesh cadre, has been appointed to the Board of the Securities and Exchange Board of India (SEBI), replacing outgoing Economic Affairs Secretary Ajay Seth. With this appointment, effective July 1, 2025, Thakur becomes the first woman to hold the […]

RBI Hikes Agency Commission for Banks on Government Transactions: The Reserve Bank of India (RBI) has revised the agency commission rates paid to banks for handling government business transactions. Effective from April 1, 2025, the revised structure includes increased payouts for electronic revenue transactions, pension disbursements, and non-pension government payments, signaling RBI’s intent to bolster […]

RBI Relocates Andhra Pradesh Regional Office to Vijayawada: The Reserve Bank of India (RBI) has officially relocated its Andhra Pradesh regional office to Vijayawada. The new office was inaugurated on June 16, 2025, by Deputy Governor T. Rabi Sankar, marking a significant step in enhancing the central bank’s operational effectiveness and outreach in the state.The […]

TCS Joins Hands with CEB to Streamline Financial Operations: Tata Consultancy Services (TCS) has partnered with the Council of Europe Development Bank (CEB), headquartered in Paris, to streamline the bank’s complex financial transactions. As part of this collaboration, TCS will implement its AI-driven solution, TCS BaNCSTM for Reconciliations, to automate and modernise CEB’s reconciliation processes […]