New Development Bank: Algeria Joined Algeria has officially joined the BRICS-backed New Development Bank (NDB), marking a major expansion of the bank’s influence into North Africa. The New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa). […]
Category: Economics Current Affairs
Fitch Raises India’s Medium-Term Growth Outlook to 6.4% till FY26
Fitch Raises India’s Medium-Term Growth Outlook to 6.4% till FY26: Fitch Ratings has upgraded India’s medium-term GDP growth projection to 6.4% till FY2026, citing improved labour force participation and reduced pandemic-related economic scarring. This revision comes even as Fitch trims growth forecasts for most other emerging markets, with countries like China facing deeper structural challenges. […]
RBI Sells Nearly $400 Billion in FY25
RBI Sells Nearly $400 Billion in FY25: The Reserve Bank of India (RBI) sold a record $398.71 billion worth of foreign currency on a gross basis in FY2024-25. This marks the highest-ever intervention by the central bank, reflecting its aggressive stance amid geopolitical uncertainty and the fear of global economic disruption, particularly linked to potential […]
Centre Launches Nationwide Drive to Make Educational Institutions Tobacco-Free
Centre Launches Nationwide Drive to Make Educational Institutions Tobacco-Free: The Ministry of Education has launched a nationwide enforcement drive aimed at making educational institutions tobacco and substance-free zones. This move comes as part of efforts to protect the country’s youth from the harmful effects of tobacco, alcohol, and drug abuse, with active participation expected from […]
Union Minister launched three new digital platforms
Union Minister launched three new digital platforms: Union Minister launched three new digital platforms—Depot Darpan, Anna Mitra, and Anna Sahayata—to streamline India’s Public Distribution System (PDS), ensuring transparency, efficiency, and accountability. The Ministry of Consumer Affairs, Food and Public Distribution has unveiled three tech-driven initiatives to modernize warehousing, empower frontline workers, and improve grievance redressal […]
Mizoram India’s First Fully Literate State
Mizoram India’s First Fully Literate State: The Chief Minister of Mizoram officially declared the state as fully literate. With this, Mizoram has become the first state in India to achieve complete literacy. Earlier, on 24.06.2024, Ladakh became the first administrative unit to declare full literacy. A state is considered fully literate when its literacy rate […]
India’s leading green finance institution, IREDA, has achieved a significant milestone by receiving an ‘Excellent’ rating
India’s leading green finance institution, IREDA, has achieved a significant milestone by receiving an ‘Excellent’ rating: The Indian Renewable Energy Development Agency Ltd. (IREDA), India’s premier green financing non-banking financial company (NBFC), has earned an ‘Excellent’ rating from the Department of Public Enterprises (DPE) for the financial year 2023-24. IREDA is now ranked among the […]
Directorate General of Foreign Trade
Directorate General of Foreign Trade: The Government of India has updated its import policy for gold and silver to align customs tariffs with trade regulations, as notified by the Directorate General of Foreign Trade (DGFT). The Directorate General of Foreign Trade (DGFT) is an attached office of the Ministry of Commerce and Industry. It is […]
RBI to Issue New Rs 20 Banknotes with Governor Sanjay Malhotra’s Signature
RBI to Issue New Rs 20 Banknotes with Governor Sanjay Malhotra’s Signature: The Reserve Bank of India (RBI) has announced that it will soon release new Rs 20 denomination banknotes bearing the signature of the newly appointed RBI Governor, Sanjay Malhotra. These banknotes will be part of the Mahatma Gandhi (New) Series and will retain […]
NSDL Reports Robust FPI Investment in May Amid Economic Stability
NSDL Reports Robust FPI Investment in May Amid Economic Stability: Foreign Portfolio Investors (FPIs) have demonstrated a renewed interest in Indian equity markets, infusing ₹4,452.3 crore between May 13 and 16, 2025, according to data from the National Securities Depository Limited (NSDL). With this, the total net investment by FPIs in May has reached ₹18,620 […]
