RBI’s Liquidity Measures: The Reserve Bank of India (RBI) has announced measures to inject over Rs 1.5 lakh crore to increase money liquidity in the economy.Money Liquidity refers to the availability of cash and easily accessible funds in the economy, influencing spending and investment. Liquidity refers to how quickly and easily an asset can be […]
Category: Economics Current Affairs
Card Tokenization in India
Card Tokenization in India: Card tokenization has become a significant technological advancement in India, enhancing security and customer convenience in digital payments.Over 91 crore tokens were issued by December 2024 and has enabled nearly 98% of e-commerce transactions to be processed without actual card data, reducing the risk of data breaches. Tokenization substitutes actual card […]
FDI Limit for Insurance Raised from 74% to 100%
FDI Limit for Insurance Raised from 74% to 100%: One of the most notable announcements is raising the FDI limit in the insurance sector from 74% to 100%, which aims to attract foreign investment, improve market penetration, and integrate global best practices. Other key changes include reforms in pension product development, KYC simplification, easing company […]
Union Budget 2025-26
Union Budget 2025-26: The Union Budget 2025-26 was presented by the Union Finance Minister in the Parliament recognising 4 engines of development- agriculture, Micro, Small and Medium Enterprises (MSME),investment and exports. The Union Budget 2025-26, with the theme Sabka Vikas, aims to stimulate balanced growth across all regions. 1st Engine- Agriculture: Prime Minister Dhan-Dhaanya Krishi […]
Economic Community of West African States (ECOWAS) : Country Withdrawal
Economic Community of West African States (ECOWAS) : Country Withdrawal The West African nations of Niger, Mali, and Burkina Faso have officially withdrawn from the Economic Community of West African States (ECOWAS).The three countries formed the Alliance of Sahel States, seeking military support from Russia and distancing themselves from the US and France.The Sahel is […]
Payment and Settlement Systems Act, 2007
Payment and Settlement Systems Act, 2007: The Reserve Bank of India (RBI) has tightened norms for imposing monetary penalties and compounding offences under the Payment and Settlement Systems Act, 2007 (PSS Act).The Payment and Settlement Systems Act, 2007 (PSS Act) is a legislation that regulates and supervises payment systems in India. It designates the Reserve […]
Economic Survey 2025
Economic Survey 2025: Nirmala Sitharaman Tables the 2024-25 Report.The Economic Survey of India 2025 provides a comprehensive overview of India’s economic performance, highlighting key trends, challenges, and policy recommendations for sustainable growth. Important Points: GDP Growth: 6.4% in FY25, projected 6.3-6.8% in FY26. Inflation: Softened to 4.9% (FY25). Exports: Resilient, with non-petroleum exports up 9.1%. […]
IRDAI Limits Senior Citizens’ Health Premium Hike to 10% Annually
IRDAI Limits Senior Citizens’ Health Premium Hike to 10% Annually: The Insurance Regulatory and Development Authority of India (IRDAI) has taken a crucial step to protect senior citizens from sharp increases in health insurance premiums. The new directive mandates that insurers cannot raise premiums for individuals aged 60 and above by more than 10% per […]
BIMTECH Launches BIMCOIN
BIMTECH Launches BIMCOIN: BIMTECH has launched BIMCOIN, India’s first blockchain-based campus currency, to facilitate secure and transparent transactions within its ecosystem. This digital currency operates on a permissioned blockchain, ensuring decentralization and security.With this launch, BIMTECH becomes the first business school in India to implement such a technology, following in the footsteps of IIT Madras. […]
Karnataka Bank has earned top honours
Karnataka Bank has earned top honours: Karnataka Bank has achieved a remarkable milestone by securing top honours in six categories at the 20th Annual Banking Technology Conference, Expo & Citations, 2024, organized by the Indian Banks’ Association (IBA).Six Categories are- Best Tech Talent and Organisation – Runner Up, Best IT Risk Management – Runner UpBest […]
