Category: Economics Current Affairs

Social Security Cover for Gig Workers:   The 2025 Budget introduced health insurance and identity registration for gig workers to improve their social security. While this addresses basic welfare needs, challenges in enforcement and sustainability remain.The gig workforce constitutes 12% of the global labour market (World Bank) and is expected to reach 23.5 million in […]

RBI Launches ‘Bank.in’ & ‘Fin.in’ for Secure Digital Banking: The Reserve Bank of India (RBI) has announced the introduction of exclusive internet domain names for Indian banks and financial institutions. Indian banks will now have the domain ‘Bank.in’, while non-banking financial entities will be assigned ‘Fin.in’.This initiative, unveiled by RBI Governor Sanjay Malhotra during the […]

K Balasubramanian Appointed as New Citibank India Head: K Balasubramanian has been named Citibank’s India Subcontinent Sub-Cluster and Banking Head, replacing Ashu Khullar, pending RBI approval. He will report to Amol Gupte, marking a key leadership transition amid Citi India’s strong growth under Khullar.

RBI Monetary Policy Committee (MPC) 2025: The Reserve Bank of India (RBI) is set to announce its 6th and last bi-monthly monetary policy for the Financial Year 2025. The meeting of the Monetary Policy Committee headed by the new RBI Governor Sanjay Malhotra was scheduled from February 5 to 7.Key Announcements from RBI MPC Meeting […]

Zepto Becomes World’s Second Most Downloaded Food & Drink App: Zepto, the Indian quick commerce startup, has emerged as the second most downloaded app globally in the food and drinks category, according to a recent report by Sensor Tower. The rankings place Zepto ahead of global giants like KFC and Domino’s, with McDonald’s securing the […]

Kerala Secures Rs 2,424 cr World Bank Loan to Strengthen Healthcare System: The Kerala government has approved the Kerala Health System Improvement Programme (KHSIP). The project will be implemented with financial assistance of ₹2,424.28 crore from the World Bank under the Programme for Results (P for R) model.The state Cabinet, chaired by Chief Minister Pinarayi […]

Trickle-Down vs. Trickle-Up Approach: Jasmine Shah’s book, The Delhi Model highlights Delhi’s trickle-up economics, contrasting it with India’s traditional trickle-down approach. Trickle-Down Economics: Focuses on wealth accumulation at the top, assuming benefits will gradually reach lower income groups. Prioritizes corporate tax cuts, subsidies for big businesses, and deregulation. E.g. India’s corporate tax cuts (2019) reduced […]

India’s gold investments soared by 60% to $18 billion: India witnessed a remarkable 60% surge in gold investments, reaching $18 billion (approximately ₹1.5 lakh crore), as per a report by the World Gold Council (WGC). This increase was driven by rising gold prices, reduced import duties, and heightened demand during festive seasons. India’s gold investment […]

South Indian Bank Unveils Startup Current Accounts for Entrepreneurs: South Indian Bank (SIB) has taken a significant step to support the rapidly growing startup ecosystem in India. The bank has introduced two specialized startup current account products, namely the SIB Business Startup Current Account and SIB Corporate Startup Current Account, both designed to cater to […]

Jevons Paradox: The Jevons Paradox has resurfaced in economic discussions after the DeepSeek AI launch led to a selloff in global tech stocks, raising concerns over AI chip demand. Jevons Paradox states that when a resource becomes more efficient and cheaper to use, overall consumption increases instead of decreasing. Proposed by William Stanley Jevons in […]