Category: Economics Current Affairs

RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes: The Reserve Bank of India (RBI) has mandated that banks and White Label ATM Operators (WLAOs) ensure that ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis. This directive is set to roll out in phases, with specific deadlines for implementation.The […]

RBI Imposes Fines on IOB and Mahindra & Mahindra Financial Services Limited for Non-Compliance: The Reserve Bank of India (RBI) has imposed penalties on Indian Overseas Bank (IOB) and Mahindra & Mahindra Financial Services Limited (MMFSL) for violations of its compliance norms. These fines, stemming from RBI’s routine supervisory assessments, aim to reinforce adherence to […]

Investor Education and Protection Fund Authority : MoU with Kotak Mahindra Bank IEPFA’s recent MoU with Kotak Mahindra Bank and the launch of the ‘Niveshak Shivir’ initiative, to boost digital investor awareness and financial literacy across India.The Investor Education and Protection Fund Authority (IEPFA) was established in 2016 under the Companies Act, 2013.It manages the […]

Bond Markets: U.S. President Donald Trump has not only disrupted international trade rules but has also sought to challenge the independence of the U.S. Central Bank (Federal Reserve). A bond is a financial instrument that promises a fixed return (face value) at the end of a specific period, unlike equity, which has no fixed term […]

RBI Cancels Licence of Ajantha Urban Co-op Bank Maryadit: Reserve Bank of India (RBI) announced the cancellation of the banking license of Ajantha Urban Co-operative Bank Maryadit, based in Aurangabad, Maharashtra. The action was taken due to the bank’s inadequate capital, poor earnings outlook, and inability to protect depositors’ interests. The RBI directed the Registrar […]

RBI’s Directive To Banks: In a significant move aimed at enhancing the security of digital banking and combating growing cybersecurity threats, the Reserve Bank of India (RBI) has mandated all banks to transition their existing web domains to the new ‘.bank.in’ domain by October 31, 2025. This directive comes in response to the increasing number […]

India’s Record Cargo Movement on Inland Waterways In FY 2024–25: India has achieved a significant milestone in its inland water transport (IWT) sector by recording 145.5 million tonnes (MMT) of cargo movement during the fiscal year 2024–25. This marks a dramatic rise from just 18.1 MMT in FY 2013–14, driven by massive infrastructure development, policy […]

Central Board of Indirect Taxes and Customs : In News In line with the Union Budget 2025–26, the Central Board of Indirect Taxes and Customs (CBIC) has introduced major trade facilitative measures for Air Cargo and Transhipment to enhance logistics efficiency and simplify customs procedures. CBIC is part of the Department of Revenue, under the […]

Anant Ambani Appointed Executive Director of Reliance Industries Ltd: The board of Reliance Industries Ltd (RIL) has approved the appointment of Anant Ambani as the Executive Director of the company for a term of five years, effective from May 1, 2025. This marks a major step in the generational leadership transition within the conglomerate, making […]

SEBI Revises Cut-Off Timing for Overnight Mutual Funds: The revised timings aim to support SEBI’s upstreaming framework introduced in December 2023, ensuring better fund security and operational alignment across the ecosystem. The Securities and Exchange Board of India (SEBI) has revised the cut-off timing for redemption in overnight and liquid mutual fund schemes, effective June […]