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 […]
Category: Economics Current Affairs
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 […]
SEBI has introduced the Integrated SEBI Portal for Technical Glitches
SEBI has introduced the Integrated SEBI Portal for Technical Glitches: SEBI has introduced the Integrated SEBI Portal for Technical Glitches (iSPOT), a centralized system to streamline the reporting of technical issues by Market Infrastructure Institutions (MIIs) like stock exchanges and clearing corporations.This portal will replace the outdated email-based system, bringing a more structured, efficient, and […]
Vedanta Resources Ltd has appointed Deshnee Naidoo as its first Chief Executive Officer
Vedanta Resources Ltd has appointed Deshnee Naidoo as its first Chief Executive Officer: Vedanta Resources Ltd (VRL) has appointed Deshnee Naidoo as its first Chief Executive Officer (CEO), effective January 20, 2025, to drive the company’s next growth phase. Naidoo who previously held leadership roles at Vedanta returns at a crucial time as the company […]
CRED Launches e₹ Wallet, Advancing India’s Digital Currency Adoption
CRED Launches e₹ Wallet, Advancing India’s Digital Currency Adoption: CRED, one of India’s leading fintech companies, has made a groundbreaking move by launching the beta version of the e₹ wallet. With this integration, CRED becomes the first fintech platform to adopt India’s central bank digital currency (CBDC), the e-rupee. The e₹ wallet offers CRED’s vast […]
SEBI Launches ‘Dharohar’: A Digital Tribute to India’s Market Legacy
SEBI Launches ‘Dharohar’: A Digital Tribute to India’s Market Legacy The Securities and Exchange Board of India (SEBI) marked a significant milestone with the launch of “Dharohar – Milestones in the Indian Securities Market.” The digital repository was unveiled on India’s 76th Republic Day and aims to preserve the rich legacy of India’s securities market. […]
‘When-listed’ Platform
‘When-listed’ Platform: The Securities and Exchange Board of India (Sebi) is looking to launch a ‘when-listed’ platform. ‘When-listed’ has been launched for trading of shares of companies that have finished their Initial Public Offering (IPO) and are yet to be listed on stock exchanges. It is aimed at reducing the activity in the grey market, […]
