Category: Economics Current Affairs

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: 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 […]

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 […]

India’s GDP Seen Growing 6.6% in 2025: India’s economy is expected to grow faster than earlier predicted, even as it faces new trade barriers from the United States. The International Monetary Fund (IMF) has revised India’s 2025–26 GDP growth projection upward to 6.6%, compared to its earlier estimate of 6.4%. This increase reflects a stronger-than-anticipated […]

Fomoflation: The recent signing of a proclamation by the U.S. President raising the annual fee for H-1B visas to $100,000 a year led to a sudden panic-driven demand that pushed ticket prices higher, illustrating a textbook case of fomoflation. Fomoflation occurs when consumer behaviour (demand psychology) and market or supply pressures combine to create rapid […]

Operation Golden Sweep: The Directorate of Revenue Intelligence (DRI) has launched “Operation Golden Sweep”, cracking down on a transnational gold smuggling syndicate at Mumbai’s Chhatrapati Shivaji Maharaj International Airport. It is a strategic intelligence-led operation by DRI aimed at dismantling a global gold smuggling network using transit passengers and airport insiders to transport contraband gold […]

HSBC launches its Innovation Banking in India with a $1 billion non‑dilutive debt fund: HSBC has pledged $1 billion to support early and growth-stage startups through its newly launched Innovation Banking platform. This initiative offers non-dilutive debt capital—including working capital and term loans—allowing startups to access funds without giving up equity. With this, India becomes the […]

Siddi Tribal Community Achieves 72% Literacy Rate: The President of India recently lauded the Siddi tribal community for achieving a literacy rate exceeding 72%. This is a significant milestone for a group listed under Particularly Vulnerable Tribal Groups (PVTGs) and reflects ongoing efforts to uplift marginalized communities through education and inclusion.The Siddis are an Indo-African […]

HDFC Bank Launches My Business QR: HDFC Bank has introduced “My Business QR”, a first-of-‑its-kind commerce identity QR tailored for small businesses. Unveiled at Global Fintech Fest (GFF) 2025, this innovation aims to help retailers make an easy shift from offline to online commerce while enhancing their discoverability, customer engagement, and payment capabilities.My Business QR […]