Category: Economics Current Affairs

Variable Rate Repo (VRR) Auctions: The RBI injected ₹55,837 crore into the banking system via a 3-day VRR auction to address tightening liquidity. A Variable Rate Repo (VRR) is a monetary policy tool used by the RBI to inject liquidity into the banking system when cash becomes scarce. Unlike the fixed-rate repo, the interest rate […]

India Growth Forecast Cut to 5.9% in 2026: Global investment bank Goldman Sachs has reduce the India’s GDP growth forecast for 2026 to 5.9% and it was down from earlier estimates of 7%. This revision comes after rising oil prices, global supply disruptions and Indian rupee fall pressure. The ongoing West Asia conflict and uncertainty […]

Mutual Credit Guarantee Scheme: The Government has modified the Mutual Credit Guarantee Scheme (MCGS) to support Micro, Small and Medium Enterprises (MSME) Manufacturers and Exporters in line with Budget 2025-26. It provides 60 % guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions for credit facilities up to 100 crore […]

PRARAMBH 2026: The Union Minister for Finance launched ‘PRARAMBH 2026’ initiative. PRARAMBH (Policy Reform and Responsible Action for Mission Viksit Bharat) is a nationwide awareness campaign on Income Tax Act, 2025. It is aimed at familiarising citizens with the provisions of the Income Tax Act, 2025, set to come into effect from April 1, 2026. […]

Credit Guarantee Scheme for Microfinance Institutions-2.0: The Government of India has introduced Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0). It aims to provide guarantee cover to Banks/ FIs through National Credit Guarantee Trustee Company Limited (NCGTC). It provides guarantee against expected losses on the financial assistance extended by them to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) […]

Variable Rate Repo: The Reserve Bank of India (RBI) infused over Rs 25,000 crore of liquidity in the banking system through a 3-day variable rate repo (VRR) auction. The RBI has infused Rs 3.50 lakh crore of liquidity into the banking system through open market purchase (OMO) of government securities since January 2026. Variable Rate […]

24 Speed Post: The Department of Posts launched the 24 Speed Post service guarantee delivery services. It provides guaranteed next-day delivery (D+1) service for urgent and time-sensitive consignments. ‘D’ means the day of booking of the article. It is developed under Speed Post category and introduced to meet urgent & bulk customer needs. It is […]

Jnanpith Award 2025: Tamil lyricist and author R. Vairamuthu has been selected for the Jnanpith Award for the year 2025. Jnanpith Award is the highest literary honour of India, given to writers who have excelled in literature in different Indian languages. It was instituted in 1961. The prize carries a cash prize of Rs 11 […]

India’s Defence Forces Vision 2047: The Defence Minister of India unveiled the “Defence Forces Vision 2047: A Roadmap for a Future-Ready Indian Military”. Prepared by the Headquarters Integrated Defence Staff, this vision document outlines a comprehensive strategy to transform the Indian military into an integrated, agile, and multi-domain force by the centenary of India’s independence. […]