New Nomination Rules in Banking To Take Effect From November 1: The Central Government has announced that updated nomination provisions under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025. These provisions aim to simplify and streamline the nomination process for bank deposits, lockers, and articles in safe custody, ensuring […]
Category: Economics Current Affairs
Rangarajan Poverty Line
Rangarajan Poverty Line: Economists from the Reserve Bank of India’s (RBI) Department of Economic and Policy Research published a paper in which they ‘updated’ the Rangarajan Poverty Line for 20 major states of India, using data from the Household Consumption Expenditure Survey (HCES) 2022-23. Key Highlights of RBI’s Paper on Updated Rangarajan Poverty Line: Odisha […]
State of Finance for Forests (SFF) 2025 Report
State of Finance for Forests (SFF) 2025 Report: The first State of Finance for Forests (SFF) 2025 Report by the UN Environment Programme (UNEP) highlights that global investments in forests must triple by 2030 to achieve climate, biodiversity, and land restoration goals. Only US billion was invested in forests in 2023—91% public, 9% private—while US […]
Nirmal Kumar Minda takes over as President of Assocham, with Axis Bank’s Amitabh Chaudhry named Senior Vice‑President
Nirmal Kumar Minda takes over as President of Assocham, with Axis Bank’s Amitabh Chaudhry named Senior Vice‑President: Nirmal Kumar Minda, the Executive Chairman of Uno Minda Group, assumed the role of President of the Associated Chambers of Commerce and Industry of India (Assocham). Alongside him, Amitabh Chaudhry, Managing Director & CEO of Axis Bank, has […]
UIDAI Launches Aadhaar Mascot Design
UIDAI Launches Aadhaar Mascot Design: The Unique Identification Authority of India (UIDAI) has announced a nationwide Mascot Design Contest aimed at finding an official visual ambassador for Aadhaar. The competition is being hosted on the MyGov platform and is open until 31 October 2025. Participants — either individuals or teams — can submit original mascot […]
India’s Trade Deficit Hits $32.15 Billion in September 2025
India’s Trade Deficit Hits $32.15 Billion in September 2025: India’s merchandise trade deficit widened sharply to $32.15 billion in September 2025, marking an 11-month high, according to data released by the Commerce Ministry on October 15. This surge, significantly above expectations, reflects a faster rise in imports than exports—compounded by recent US tariff hikes on […]
Bajaj Finserv AMC Launches ‘Pay with Mutual Fund’ via UPI
Bajaj Finserv AMC Launches ‘Pay with Mutual Fund’ via UPI: Bajaj Finserv AMC has unveiled a groundbreaking feature that bridges investing and daily payments—the ‘Pay with Mutual Fund’ facility. In collaboration with fintech firm Curie Money, this innovation allows investors to use their mutual fund units to make UPI transactions, seamlessly blending the world of […]
PM Modi Inaugurates ₹13,430 Cr Projects in Kurnool, Andhra Pradesh
PM Modi Inaugurates ₹13,430 Cr Projects in Kurnool, Andhra Pradesh: Prime Minister Narendra Modi inaugurated, laid foundation stones, and dedicated to the nation development projects worth approximately ₹13,430 crore on October 16, 2025. These multi-sectoral initiatives aim to transform Andhra Pradesh into a key pillar of India’s economic and technological future, with major announcements spanning […]
Food and Agriculture Organization
Food and Agriculture Organization: India and the Food and Agriculture Organization of the United Nations (FAO) celebrated 80 years of partnership on World Food Day 2025.It is a specialized agency of the United Nations (UN) that leads international efforts to defeat hunger. It is the oldest permanent specialized agency of the UN, established in October […]
EPF New Withdrawal Rules 2025
EPF New Withdrawal Rules 2025: The Employees’ Provident Fund Organisation (EPFO) has announced major reforms simplifying withdrawal rules under EPFO 3.0 The revised EPF withdrawal framework simplifies and modernises the provident fund system to provide greater flexibility, ease of access, and faster digital claim settlement for over 30 crore subscribers. Aim is to streamline withdrawal […]
