Category: Economics Current Affairs

Wholesale Inflation Eases to 2.05% in March 2025: The wholesale price inflation (WPI) in India saw a decline to 2.05% in March 2025, down from 2.38% in February 2025, according to government data released on April 15, 2025. The easing of inflation was primarily due to a sharp drop in vegetable prices, which led to […]

Index Numbers of Wholesale Price in India Of March 2025: The Department for Promotion of Industry and Internal Trade (DPIIT) released the Wholesale Price Index (WPI) data for March 2025 on April 15, 2025. The data shows that the annual WPI inflation stood at 2.05% (provisional) in March 2025 compared to March 2024. The positive […]

SEBI Action Against Gensol Engineering Ltd: The Securities and Exchange Board of India (SEBI) has barred Gensol Engineering Ltd (GEL) and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from participating in the securities market due to serious corporate governance lapses and fund diversion. The action was initiated following a complaint received in June […]

Repo Rate : Recent Update The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points, bringing it down to 6%.The repo rate is the interest rate at which the RBI lends short-term funds to commercial banks against government securities.It serves as a primary tool for the RBI to regulate liquidity, control […]

Razorpay Launches Turbo UPI Plugin to Revolutionize Digital Payments: Fintech major Razorpay has unveiled its Turbo UPI plugin, in partnership with NPCI BHIM Services Limited (NBSL) and Axis Bank, leveraging the BHIM Vega platform. This advanced UPI solution eliminates the need for external redirection during transactions, enabling users to complete payments within the app itself. […]

ADB Projected India Economy Grow By 6.7% in FY2025: India’s economy continues to demonstrate resilient growth despite global uncertainties. According to the Asian Development Outlook (ADO) April 2025, the Indian GDP is projected to grow by 6.7% in FY2025, driven by higher domestic demand, rising rural incomes, and moderating inflation. The Asian Development Bank (ADB) […]

Industrial Production Slows to 6-Month Low of 2.9% in February 2025: India’s industrial activity witnessed a marked deceleration in February 2025, with the Index of Industrial Production (IIP) expanding at just 2.9%, the slowest pace in six months. The sharp drop was largely attributed to sluggish growth across key sectors—mining, manufacturing, and electricity and the […]

Accommodative Stance : RBI The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting, retained its accommodative stance to support economic recovery amidst moderating inflation and sluggish growth signals. An accommodative stance is a monetary policy approach adopted by central banks like the RBI to stimulate economic activity. It generally involves […]

One State, One RRB Policy: The Ministry of Finance has notified the amalgamation of 26 Regional Rural Banks (RRBs) across 10 states and 1 union territory under the “One State, One RRB” policy, effective from May 1, 2025, reducing the total number of RRBs to 28.A reform initiative of the Department of Financial Services aimed […]

Bear Market: The S&P 500 briefly entered bear market territory, dropping over 20% due to escalating US tariffs under President Trump. This is the first such decline since 2022, triggering global recession fears and investor panic. A bear market refers to a situation where a stock index declines by 20% or more from its recent […]