Category: Economics Current Affairs

IRDAI Fines Edelweiss Life ₹1 Crore for Corporate Governance Violations: The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on Edelweiss Life Insurance Company. The fine was levied following the company’s failure to adhere to corporate governance guidelines, particularly those related to outsourcing norms and policyholder KYC compliance.The […]

Sagarmala Finance Corporation Limited: The Union Minister of Ports, Shipping & Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL). It is India’s first Non-Banking Financial Company (NBFC) in the maritime sector. It was formerly known as Sagarmala Development Company Limited. SMFCL —a Mini Ratna, Category-I, Central Public Sector Enterprise—has been formally registered as a Non-Banking […]

India Posts $13.5 Billion Current Account Surplus in Q4 FY25: The country reported a current account surplus of $13.5 billion equivalent to 1.3% of GDP for the fourth quarter of FY25, according to data released by the Reserve Bank of India (RBI). This marks a stark reversal from the $11.3 billion deficit recorded in the […]

Sonowal Unveils Sagarmala Finance Corporation to Boost Maritime Financing: Union Minister Sarbananda Sonowal inaugurated the country’s first Non-Banking Financial Company (NBFC) dedicated to maritime development – the Sagarmala Finance Corporation Limited (SMFCL). The launch marks a significant step in bridging critical financial gaps in the sector and aligns with India’s Maritime Amrit Kaal Vision 2047, […]

JioBlackRock Broking Gets SEBI Nod to Launch Brokerage Operations: JioBlackRock Broking Pvt. Ltd., a subsidiary of JioBlackRock Investment Advisers Pvt. Ltd., has received regulatory approval from the Securities and Exchange Board of India (SEBI) to begin operations as a brokerage firm. The entity is part of a 50:50 joint venture between Jio Financial Services Ltd. […]

RBI has reduced the Priority Sector Lending target for Small Finance Banks: The Reserve Bank of India (RBI) has reduced the Priority Sector Lending (PSL) target for Small Finance Banks (SFBs) from 75% to 60% to enhance lending flexibility and profitability.RBI’s revised PSL norms aim to ease lending restrictions for SFBs, allowing them to diversify […]

Digital Payment Intelligence Platform : RBI The Reserve Bank Of India has roped in major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI). It seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions. The institutional […]

Coffee Export Surge: India’s coffee exports surged over 25% in FY2025-26, continuing a record-breaking trend after 40% growth last year, according to the Coffee Board of India.India has recorded 25%+ export growth so far this year, after achieving US$1803 million in coffee exports in FY2024-25, up from US$1286 million in FY2023-24.India is the 7th largest […]

NATO 5% GDP Defence Spending Target: NATO members, at The Hague Summit, is expected to adopt a new 5% GDP defence spending target amid rising security concerns from Russia’s war in Ukraine.NATO countries will now aim to allocate 5% of their GDP on combined defence and security investments. New Target Structure: 3.5% GDP for core […]