Category: Economics Current Affairs

Thomas Cook Partners with Muthoot Forex to Expand Payment Network: Thomas Cook (India) Limited has joined hands with Muthoot Forex, part of the well-known Muthoot Group, to make its travel and student forex cards available across India. This partnership uses Muthoot’s wide network of over 7,000 branches, including 43 specialized forex branches, to reach customers […]

World Economic Situation and Prospects-2025: India’s GDP growth forecast for 2025 has been revised down to 6.3%, from the previous projection of 6.6%, in the mid-2025 update of the “World Economic Situation and Prospects” (WESP) report. The report is released by the United Nations Department of Economic and Social Affairs , in collaboration with UNCTAD […]

Unnat Bharat Abhiyan: The Ministry of Education’s Unnat Bharat Abhiyan (UBA) completes a decade, redefining the role of higher education in rural development.UBA (2014) aims at bringing transformational change in rural India by leveraging the resources of higher educational institutions (HEIs) to solve local development challenges through sustainable and inclusive practices. UBA is crucial because […]

The World Bank Revised the Global Poverty Line: The World Bank revised the global poverty line to $3/day (PPP 2021) from $2.15/day (PPP 2017) based on updated price data and survey methods. A poverty line defines the minimum daily spending needed for basic needs like food, clothing, and shelter. The global poverty line is adjusted […]

Part-time Member of the 16th Finance Commission: Shri T. Rabi Sankar, Deputy Governor of RBI, has been appointed as a part-time Member of the 16th Finance Commission (XVIFC) following the resignation of Shri Ajay Narayan Jha. Finance Commission is a constitutional body constituted under Article 280 of the Indian Constitution. It recommends the distribution of […]

Loan-to-Value (LTV) Ratio: Providing relief to small borrowers, the Reserve Bank of India (RBI) recently increased the loan-to-value (LTV) ratio for gold-backed loans up to ₹5 lakh. Recent RBI Changes to Loan-to-Value (LTV) Ratio for Gold-Backed Loans: RBI has increased the LTV ratio from 75% to 85% for gold loans of up to Rs 2.5 […]

Amit Shah Launches Bharatiya Bhasha Anubhag: Union Home Minister Amit Shah inaugurated the Bharatiya Bhasha Anubhag (BBA), or Indian Languages Section, in New Delhi. This initiative is aimed at reducing the dominance of foreign languages, especially English, in India’s administrative functioning and promoting the use of mother tongues in decision-making and official communication. The move […]

SEBI’s Operational Framework for ESG Debt Securities: SEBI has notified a detailed operational framework for issuing Environmental, Social, and Governance (ESG) debt securities, including social, sustainability, and sustainability-linked bonds.ESG debt securities are financial instruments used to raise funds exclusively for projects with environmental, social, or governance benefits. These include: Social Bonds (for social impact projects) […]

16th Census of India: The Government of India has announced that the 16th Census will conclude by March 2027, marking the first digital and caste-based census in Independent India. A Census is the official enumeration of population, providing vital statistics on demography, economy, and socio-cultural aspects at every administrative level. Conducted every 10 years under […]

Nomura Forecasts India’s GDP to Slow to 6.2% in FY26: Japanese brokerage firm Nomura has projected that India’s GDP growth will moderate to 6.2% in FY26, down from 6.5% in FY25, signaling a slowdown from the sharp 9.2% expansion recorded in FY24. The forecast, released on June 3, 2025, reflects increasing divergence between robust headline […]