UPI Transactions Hit Record Rs 24.77 Trillion in March 2025, Marking New High in FY25: Unified Payments Interface (UPI) transactions surged to a record high in March 2025, reaching Rs 24.77 trillion in value and 19.78 billion in volume. This represents a significant 13% increase in value and 14% rise in volume compared to February […]
Category: Economics Current Affairs
90th Anniversary of the Reserve Bank of India (RBI)
90th Anniversary of the Reserve Bank of India (RBI): The Reserve Bank of India (RBI) marks its 90th anniversary in 2025, commemorating nine decades of financial governance, economic stability, and monetary policy regulation in India. Established on April 1, 1935, under the Reserve Bank of India Act, 1934, the RBI has played a pivotal role […]
India’s 6.5% Growth Highest Amongst Advanced
India’s 6.5% Growth Highest Amongst Advanced: According to Moody’s Ratings, India is projected to achieve a 6.5% GDP growth in the current fiscal year (2025-26), making it the fastest-growing economy among advanced and emerging G20 nations. Although slightly lower than last year’s 6.7% growth, India continues to outpace its global counterparts, driven by strong tax […]
NITI NCAER States Economic Forum Portal
NITI NCAER States Economic Forum Portal: Amid complaints by opposition-ruled states that they faced discrimination in the sharing of resources, the Union Finance Minister will launch the “NITI NCAER States Economic Forum” portal. It was developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER). It is a comprehensive repository […]
Renault to Acquire Nissan’s Stake in India Manufacturing Unit
Renault to Acquire Nissan’s Stake in India Manufacturing Unit: Renault Group has announced that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL) from Nissan Motor Corp, making it the sole owner of the manufacturing facility in Chennai, India. This move comes after a 2023 agreement in which Renault […]
India’s Current Account Deficit (CAD) Rises
India’s Current Account Deficit (CAD) Rises: India’s current account deficit (CAD) widened to $11.5 billion (1.1% of GDP) in Q3 FY25 (Oct-Dec 2024) due to a higher merchandise trade deficit, according to the Reserve Bank of India (RBI). However, CAD moderated from $16.7 billion (1.8% of GDP) in Q2 FY25. Foreign exchange reserves have increased […]
SBI Chief CS Setty Appointed as Chairman of Indian Banks Association
SBI Chief CS Setty Appointed as Chairman of Indian Banks Association: The Indian Banks Association (IBA), the apex body representing the banking sector in India, has elected Challa Sreenivasalu Setty, the Chairman of State Bank of India (SBI), as its new chairman for the upcoming fiscal year. Setty will lead the association until the next […]
MGNREGS Wage Hike for 2025-26
MGNREGS Wage Hike for 2025-26: The Government of India has notified an increase in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGS) for the financial year 2025-26. The hike ranges from 2.33% to 7.48%, with wages increasing by Rs 7 to Rs 26 per day depending on the state. This marks […]
Heritage Repatriation Fund
Heritage Repatriation Fund: A Parliamentary panel recently proposed establishing a ‘Heritage Repatriation Fund’ to assist in recovering Indian antiquities stolen and smuggled overseas. A proposed financial initiative to facilitate the recovery and return of stolen Indian cultural artifacts from abroad. Proposed by Department-related Parliamentary Standing Committee on Transport, Tourism, and Culture. Under the Ministry of […]
India Becomes the World’s Second-Largest Tea Exporter in 2024
India Becomes the World’s Second-Largest Tea Exporter in 2024: The Indian tea industry, which has been facing numerous challenges over the years, finally has a reason to celebrate. Recent data released by the Tea Board of India indicates that India has emerged as the second-largest tea exporter in the world in 2024, surpassing Sri Lanka […]
