Category: Economics Current Affairs

Government Clarifies No GST on UPI Transactions Above ₹2,000: The Finance Ministry of India has categorically denied any plans to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions over ₹2,000. The Ministry termed such claims as false, baseless, and misleading. Reinforcing the government’s commitment to promoting digital payments, the clarification emphasizes […]

India’s Exports Rise Marginally by 0.7% in March 2025: India witnessed marginal growth in exports and a notable rise in imports in March 2025. The trade deficit for the month widened to $21.54 billion, reflecting pressure on the current account. For the fiscal year 2024–25, merchandise exports showed almost stagnant growth, while overall trade, including […]

Santosh Kumar Appointed Deputy CFO of IndusInd Bank: IndusInd Bank has appointed Santosh Kumar as its Deputy Chief Financial Officer (CFO). This move comes following the end of Deputy CEO Arun Khurana’s tenure as acting CFO. The bank has been facing mounting challenges due to elevated bad loans in the microfinance sector and accounting discrepancies […]

Cap-and-Trade: A recent study published in The Quarterly Journal of Economics confirmed that Surat’s Emissions Trading Scheme (ETS), the world’s first market for particulate emissions reduced pollution by 20–30% and lowered compliance costs by 11%. Cap-and-Trade is a market-driven environmental policy where the government sets a maximum limit (cap) on the total level of pollution […]

Bombay Stock Exchange (BSE) : 150th anniversary The Bombay Stock Exchange (BSE) is celebrating its 150th anniversary on April 17, 2025, in Mumbai, with Finance Minister of India attending the celebrations.BSE Ltd. is Asia’s oldest stock exchange and a major platform for trading equities, debt, mutual funds, derivatives, and commodities in India. Established in: 1875, […]

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. […]