Category: Economics Current Affairs

Gyan Post Service: India Post launched the ‘Gyan Post’ service to deliver educational books and socio-cultural literature at affordable rates across India.The initiative supports the vision of ‘Har Ghar Gyan, Har Sapne Ko Udaan’. Gyan Post is a postal delivery service introduced by the Department of Posts under the Ministry of Communications to deliver non-commercial […]

Scapia & Federal Bank Launch Dual-Network RuPay-Visa Credit Card: Travel-focused fintech platform Scapia, in collaboration with Federal Bank, has launched the Scapia Federal RuPay Credit Card, a dual-network credit card integrating Visa and RuPay. The card supports UPI, international usage, and offline and online payments, all consolidated in a single credit statement, targeting mobile-first travelers […]

Retail Inflation Hits 6-Year Low of 2.82% in May 2025: India’s retail inflation cooled to a six-year low of 2.82% in May 2025, primarily driven by a sharp decline in food prices. According to data released by the National Statistical Office (NSO), food inflation dropped to 0.99% from 8.69% a year ago. This development marks […]

FSIB Picks R Doraiswamy as MD & CEO of LIC: The Financial Services Institutions Bureau (FSIB) has recommended R Doraiswamy, an experienced LIC executive, for the coveted post of Managing Director (MD) and Chief Executive Officer (CEO) of the Life Insurance Corporation of India (LIC). With over 38 years of service at LIC, Doraiswamy is […]

SEBI to Launch ‘SEBI Check’ to Verify UPI IDs: The Securities and Exchange Board of India (SEBI) announced a new initiative titled “SEBI Check.” This tool will allow investors to verify UPI payment handles used by SEBI-registered intermediaries before making transactions. The new functionality, expected to be launched soon, will significantly increase the safety and […]

Reserve Bank of India (RBI) will re-issue ₹5,000 crore of Sovereign Green Bonds: The Reserve Bank of India (RBI) will re-issue ₹5,000 crore worth of Sovereign Green Bonds (SGrBs) as part of a ₹30,000 crore government securities (G-Secs) auction scheduled for June 13, 2025. These bonds, aimed at funding environmentally sustainable infrastructure projects, form a […]

SBI General Insurance Appoints Mohd. Arif Khan as Deputy CEO: SBI General Insurance, one of India’s leading general insurance companies, has appointed Mohd. Arif Khan as its Deputy Chief Executive Officer. A seasoned professional with over 25 years of service in the State Bank of India (SBI), Khan brings deep banking and leadership experience that […]

FDI Inflows : 2024–25 The RBI’s Annual Report 2024–25 shows gross FDI inflows rose by 13.7%, yet long-term net inflows have halved due to rising disinvestments. India’s net FDI dropped to just $0.4 billion in 2024–25, down sharply from $44 billion in 2020–21.Despite a 13.7% increase in gross inflows in 2024–25, average annual growth was […]

Algorithmic Trading: The Securities and Exchange Board of India (SEBI) recently announced a settlement scheme for stockbrokers currently under regulatory scrutiny for collaborating with unregulated algorithmic (algo) trading platforms. Algorithmic trading (also called automated trading, black-box trading, or algo-trading) uses a computer program that follows a defined set of instructions (an algorithm) to place a […]

Goa has been declared fully functionally literate: Goa has been declared fully functionally literate under the Ministry of Education’s ULLAS (Understanding of Lifelong Learning for All in Society)-Nav Bharat Saaksharta Karyakram programme, also known as the New India Literacy Programme (NILP).While Goa’s literacy rate was 93.60% as per PLFS 2023–24, a state-level ULLAS survey confirmed […]