Fino Payments Bank Becomes First to Receive RBI Nod to Transition into SFB: Fino Payments Bank has become the first payments bank to receive the Reserve Bank of India’s (RBI) in-principle approval to convert into a Small Finance Bank (SFB). This move, announced on 5 December 2025, opens up new avenues for Fino to expand […]
Category: Economics Current Affairs
RBI Raises India’s FY26 GDP Growth Forecast to 7.3%
RBI Raises India’s FY26 GDP Growth Forecast to 7.3%: The Reserve Bank of India (RBI) has revised India’s GDP growth forecast for FY2025–26 to 7.3%, up from its earlier projection of 6.8%. This upward revision follows a strong second-quarter performance and is seen as a reflection of continued domestic demand, policy reforms, and supportive macroeconomic […]
RBI Integrated Ombudsman Scheme
RBI Integrated Ombudsman Scheme: According to the RBI’s Annual Report, the complaints registered under the Reserve Bank of India’s Integrated Ombudsman Scheme (RB-IOS) were up by 13.55 per cent in FY25. It was launched in 2021. Objective is to provide customers of Regulated Entities (REs) a speedy, cost-effective and expeditious alternate grievance redress mechanism. It […]
Indian Statistical Institute (ISI) Act, 1959
Indian Statistical Institute (ISI) Act, 1959: More than 1,500 academics have expressed grave concerns and held demonstrations in Kolkata to protest a Central government plan to repeal the Indian Statistical Institute (ISI) Act, 1959. The Indian Statistical Institute was founded by Professor P.C. Mahalanobis in Calcutta in 1931. The ISI, established earlier as a society, […]
8th Economic Census (EC) in 2027
8th Economic Census (EC) in 2027: India will carry out its 8th Economic Census (EC) in 2027, following the two-phase Population Census (2026–27). Economic Census (EC): It is the complete count of all establishments (i.e. units engaged in production and/or distribution of goods and services not for the purpose of sole consumption) located within the […]
Samagra Shiksha
Samagra Shiksha: The Union government has clarified that States will receive pending Samagra Shiksha funds only after meeting all scheme conditions, including utilisation certificates, audit reports, progress details, State share contributions, and compliance with National Education Policy (NEP) 2020. Samagra Shiksha Announced in the 2018–19 Union Budget, it is a unified programme covering pre-school to […]
Child Marriage Hotspot
Child Marriage Hotspot: Child marriages in Madhya Pradesh have risen sharply by 47% since 2020, with Damoh district emerging as the worst hotspot in 2025. Parliamentary data shows 538 cases recorded this year, the highest in five years. A persistent cluster of districts reporting disproportionately high child marriages, mainly in Bundelkhand, central MP, Gwalior–Chambal and […]
Trade Enablement and Marketing Scheme
Trade Enablement and Marketing Scheme: The Minister of State for Micro, Small & Medium Enterprises informed the Rajya Sabha about the Trade Enablement and Marketing Scheme. It is the sub scheme of the scheme ‘Raising and Accelerating MSME Performance’ (RAMP), which is a Central Sector Scheme. It will empower MSMEs with digital tools and guidance […]
Tex-RAMPS Scheme
Tex-RAMPS Scheme: The Government of India has approved the Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme. It will be implemented as a Central Sector Scheme, fully funded by the Ministry of Textiles. It is designed to address critical gaps in research, data systems, and innovation support and capacity development. Components of Tex-RAMPS […]
Central Board of Indirect Taxes and Customs : Gold Prize
Central Board of Indirect Taxes and Customs : Gold Prize The Central Board of Indirect Taxes and Customs (CBIC) ‘GST & Customs Pavilion’ has bagged the Gold Prize in the ‘Public Outreach and Communication’ category at the India International Trade Fair (IITF) 2025 in New Delhi recently. CBIC, formerly known as the Central Board of […]
