Reserve Bank of India (RBI) has established a six-member Payments Regulatory Board: The Reserve Bank of India (RBI) has established a six-member Payments Regulatory Board (PRB) to enhance oversight and governance of the country’s payment systems.It is chaired by the RBI Governor and comprises two additional RBI representatives along with three Central Government nominees. RBI […]
Category: Economics Current Affairs
India continues to hold 1st position in global milk production
India continues to hold 1st position in global milk production: Dairy sector contributes 5% to GDP, employing over 8 crore farmers, with milk production rising 63.56% in the last decade. Milk output grew from 146.3 MT (2014-15) to 239.3 MT (2023-24), at an annual growth rate of 5.7%. Availability rose by 48%, reaching 471 g/person/day […]
ADB Cuts India’s FY26 Growth Forecast to 6.5% on U.S. Tariff Impact
ADB Cuts India’s FY26 Growth Forecast to 6.5% on U.S. Tariff Impact: The Asian Development Bank (ADB) has revised India’s economic growth forecast for FY26 downward to 6.5%, from its earlier estimate of 6.7%. The cut comes in the wake of elevated U.S. tariffs that are expected to hit around 60% of India’s exports to […]
Cabinet Approves 3% DA Hike for Central Government Employees and Pensioners
Cabinet Approves 3% DA Hike for Central Government Employees and Pensioners: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a 3% hike in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners. The hike, effective from October 1, 2025, will be added to the existing rate of 55% […]
RBI Bi-Monthly Monetary Policy 2025
RBI Bi-Monthly Monetary Policy 2025: The Reserve Bank of India (RBI), under Governor Sanjay Malhotra, announced its Monetary Policy 2025 on keeping the repo rate unchanged at 5.5% and maintaining the policy stance as ‘Neutral’. The decision was unanimously taken by all MPC members.The RBI also revised its FY26 GDP growth estimate upwards to 6.8% […]
India’s bioeconomy has grown 16 times in the last decade
India’s bioeconomy has grown 16 times in the last decade: India’s bioeconomy has grown 16 times in the last decade (2014–2024), reaching $165.7 billion and accounting for 4.25% of GDP, but challenges of rural–urban disparity highlight the need for a landscape-driven green economy model.A green economy is an economic model that fosters sustainable development while […]
MoSPI Comprehensive Modular Survey: Education 2025
MoSPI Comprehensive Modular Survey: Education 2025: School dropout rates in India have halved in just two years, according to the MoSPI Comprehensive Modular Survey: Education 2025. It is Conducted by the Ministry of Statistics & Programme Implementation (MoSPI) during April–June 2025 as part of the 80th round of the National Sample Survey (NSS). Dropout decline: […]
Goods and Services Tax Appellate Tribunal
Goods and Services Tax Appellate Tribunal: The Union Minister for Finance and Corporate Affairs formally launched the Goods and Services Tax Appellate Tribunal (GSTAT) in New Delhi. Goods and Services Tax Appellate Tribunal is a statutory appellate body established under the Central Goods and Services Tax Act, 2017 (CGST Act). It hears various appeals under […]
Cabinet Approves ₹3,822 Crore NH-139W Highway Project in Bihar
Cabinet Approves ₹3,822 Crore NH-139W Highway Project in Bihar: Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the construction of a 4-lane greenfield highway on the Sahebganj–Areraj–Bettiah section of National Highway 139W (NH-139W) in Bihar. The project will be executed on the Hybrid Annuity Mode (HAM) and covers a total length […]
Government partners with Zepto to create Jobs
Government partners with Zepto to create Jobs: The Ministry of Labour and Employment has partnered with Zepto, a leading quick-commerce platform. A Memorandum of Understanding (MoU) was signed between the two parties in the presence of Union Minister Dr. Mansukh Mandaviya. This partnership is set to leverage the National Career Service (NCS) Portal, a government-backed […]
