Category: Economics Current Affairs

Strategic Bitcoin Reserve: U.S. President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve to position the U.S. as a leader in digital asset storage.The reserve will be capitalized with Bitcoin seized by the U.S. Treasury from criminal and civil forfeiture proceedings, creating a government-backed stockpile of cryptocurrencies.

RBI’s 29th Standing Advisory Committee Meeting on MSME Credit Flow: The Reserve Bank of India (RBI) convened the 29th Meeting of the Standing Advisory Committee (SAC) in Ahmedabad to evaluate and improve credit accessibility for the Micro, Small, and Medium Enterprises (MSME) sectorDeputy Governor Swaminathan J emphasized the crucial role of MSMEs in India’s economic […]

Vikas Kaushal Appointed as HPCL CMD: The government has appointed Vikas Kaushal as the Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL) for a tenure of five years. He replaces Rajneesh Narang, who had been serving as the interim CMD since September 1, 2024. Kaushal, a seasoned leader with over three decades […]

Expand Project NAMAN: HDFC Bank, in collaboration with the Indian Army and CSC Academy, has renewed its Memorandum of Understanding (MoU) to expand Project NAMAN—an initiative aimed at supporting Army veterans, their families, and their next of kin. Under this agreement, Common Service Centres (CSCs) will be established across 26 Directorate of Indian Army Veterans […]

SEBI’s Total Income Rises 48% to ₹2,075 Crore in 2023-24: The Securities and Exchange Board of India (SEBI) recorded a 48% year-on-year growth in its total income, reaching ₹2,075 crore in FY 2023-24. The increase was primarily driven by higher earnings from fees and subscriptions. SEBI’s fee income surged significantly compared to the previous fiscal […]

SIDBI and Federal Bank Partner to Strengthen MSME Financing: The Small Industries Development Bank of India (SIDBI) and Federal Bank have signed a Memorandum of Understanding (MoU) to enhance financial support for micro, small, and medium enterprises (MSMEs). This collaboration aims to boost the MSME ecosystem by offering various financial services, including project finance, machinery […]

HDFC Bank Signs MoU with Indian Air Force and CSC Academy; Launches Project HAKK: HDFC Bank, under its Parivartan initiative, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) and CSC Academy to launch Project HAKK (Hawai Anubhavi Kalyan Kendra). This initiative is designed to support defence pensioners, veterans, and their […]

Open Market Operations: The Reserve Bank of India (RBI) recently announced its plan to infuse Rs 1.9 lakh crore into the banking system through open market purchases of government securities and USD/INR swaps.When the RBI feels that there is excess liquidity in the market, it resorts to the sale of government securities, thereby sucking out […]

From Borrowers to Builders: Women’s Role in India’s Financial Growth Story NITI Aayog launched the report “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story” highlighting increased financial participation of women.The report, published by TransUnion CIBIL, Women Entrepreneurship Platform (WEP), and MicroSave Consulting (MSC), shows a 42% rise in women monitoring their credit […]

Taxing Virtual Digital Assets: The Income Tax Bill, 2025 classifies Virtual Digital Assets (VDAs) as property and capital assets, bringing them under capital gains taxation and regulatory scrutiny. The bill imposes a 30% tax on VDA transfers, 1% TDS on transactions, and mandates reporting, ensuring transparency and preventing financial misuse.Virtual Digital Assets (VDAs) refer to […]