Category: Economics Current Affairs

Karnataka Bank Marks 100 Years with New Product Launches: Karnataka Bank marked its 100th anniversary on February 18, 2024, by unveiling two new financial products aimed at expanding its customer base and strengthening its market presence. The bank introduced a specialized savings account for children and a high-interest term deposit scheme for a limited period. […]

India’s smartphone exports: India’s smartphone exports have reached an all-time high of Rs 1.55 trillion in the April 2024 to January 2025 period, reflecting a 56% surge from Rs 991.2 billion in the same period last year. This growth has been primarily fueled by the Production-Linked Incentive (PLI) scheme, which has strengthened India’s smartphone manufacturing […]

Sovereign Green Bonds: Like several emerging markets, India also turned to sovereign green bonds to help fund its transition to a low-carbon economy, but investor demand remains weak. SGBs are debt securities issued by a national government to fund projects that have positive environmental benefits. The proceeds from these bonds are exclusively allocated to green […]

RBI Ombudsman Called As “रिज़र्वबैंक ओम्बड्समैन योजना 2021”: The Lokpal and Lokayuktas Act, 2013 mandates the establishment of Lokpal at the Union level and Lokayuktas at the State level to investigate allegations of corruption against public officials. The term “Lokpal” is exclusively designated for the body created under this Act and came into force on […]

PM-AASHA Scheme Extended: The Government of India has extended the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme until 2025-26. This move is aimed at providing better income support to farmers by ensuring that they receive remunerative prices for their produce. PM-AASHA also helps stabilize the prices of essential food commodities, benefiting both farmers and […]

Deregulation Commission to Reduce State’s Role in Governance: Prime Minister Narendra Modi announced the formation of a Deregulation Commission aimed at reducing the role of the state in governance. Speaking at the ET Now Global Business Summit, Modi emphasized the government’s commitment to eliminating bureaucratic hurdles and promoting ease of doing business. This move aligns […]

Bank of Maharashtra Receives RBI Approval to Establish Branch in GIFT City: The Reserve Bank of India (RBI) has granted permission to the Bank of Maharashtra (BoM) to set up a branch in Gujarat International Finance Tec-City (GIFT City). This strategic move aims to enhance BoM’s offshore banking operations from India, aligning with the bank’s […]

SEBI has launched a dedicated portal: Securities and Exchange Board of India (SEBI) has launched a dedicated portal for Related Party Transactions (RPT). This move is aimed at streamlining the reporting and monitoring of RPTs, ensuring that listed entities adhere to stringent disclosure norms. The new RPT portal represents a significant effort in SEBI’s ongoing […]

Fitch Ratings predicts a 10 basis points decline in Indian banks’ net interest margins (NIMs) in FY26: Indian banks are set to experience a decline in their net interest margins (NIMs) by an estimated 10 basis points in the financial year 2025-26, as per a report by Fitch Ratings. This forecast follows the Reserve Bank […]