Electronic Gold Receipts: The National Stock Exchange of India (NSE) launched Electronic Gold Receipts (EGRs) as a new trading segment. EGRs are dematerialised securities that represent ownership of physical gold. The underlying gold is stored in SEBI-regulated vaults, and investors hold the receipts in their demat accounts — similar to shares or ETFs. Vault Manager […]
Category: Economics Current Affairs
UDGAM Portal
UDGAM Portal: The Reserve Bank of India (RBI) recently told the Supreme Court that 30 banks have been integrated into its centralised web portal, UDGAM, to enable legal heirs to trace funds belonging to deceased account holders. UDGAM (Unclaimed Deposits-Gateway to Access inforMation) is an online portal developed by the Reserve Bank of India (RBI). […]
India Allows 100% FDI In Insurance Sector Under Automatic Route
India Allows 100% FDI In Insurance Sector Under Automatic Route: India had allowed the 100% foreign direct investment in the insurance sector under the automatic route. The central government has notified the new amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 on the 2nd May, 2026. After this move it is expected that […]
Reserve Bank of India Says 98.47% of ₹2,000 Notes Returned to Banking System
Reserve Bank of India Says 98.47% of ₹2,000 Notes Returned to Banking System: The Reserve Bank of India have announced that 98.47% of ₹2,000 Indian currency notes have been returned to the central banking system. ₹2,000 denominations notes were withdraw by the RBI three years ago. It marks the significant milestone in the India’s currency […]
Past Risk and Return Verification Agency (PaRRVA)
Past Risk and Return Verification Agency (PaRRVA): The Securities and Exchange Board of India (SEBI) has operationalised the Past Risk and Return Verification Agency (PaRRVA). It is a regulatory initiative designed to bring transparency and standardization to performance claims made by financial intermediaries. It has been operationalised by the Securities and Exchange Board of India […]
E-PRAAPTI Portal
E-PRAAPTI Portal: The Employees Provident Fund Organisation (EPFO) is set to launch E-PRAAPTI (EPF Aadhaar-Based Access Portal for Tracking Inoperative Accounts). E-PRAAPTI (EPF Aadhaar-Based Access Portal for Tracking Inoperative Accounts), a dedicated digital platform of the Employees Provident Fund Organisation (EPFO). Purpose is to facilitate identification, tracking, Unique Account Number (UAN) linking, and activation of […]
Mission SAKSHAM
Mission SAKSHAM: The Reserve Bank of India (RBI) Governor launched Mission for Urban Co-operative Banks. The mission SAKSHAM (Sahakari Bank Kshamta Nirman) is a sector-wide capacity-building and certification framework for urban co-operative banks (UCBs). It aims to enhance managerial and operational capabilities, improve compliance culture, and strengthen institutional resilience across UCBs. It is a mission-mode, […]
India Post Payments Bank (IPPB) has launched a dedicated Self Help Group
India Post Payments Bank (IPPB) has launched a dedicated Self Help Group: India Post Payments Bank (IPPB) has launched a dedicated Self Help Group (SHG) Savings Account designed to provide a reliable and cost-effective banking solution for women-led groups in rural India.IPPB is a 100% Government of India-owned entity operating under the Department of Posts, […]
Orange Economy
Orange Economy: India is shifting its growth strategy to centralize creativity, culture, and content through the Orange Economy, aiming to transform its vast cultural assets into scalable global Intellectual Property (IP). The Orange Economy is an economic model powered by creativity, cultural expression, and intellectual property. It spans diverse fields such as design, film, animation, […]
RBI Eases Rupee NDF Curbs
RBI Eases Rupee NDF Curbs: The Reserve Bank of India (RBI) partially rolled back earlier restrictions on rupee-linked non-deliverable forward (NDF) transactions after improved market stability and reduced arbitrage risks. Banks are now permitted to undertake limited related-party transactions such as cancellation and rollover of existing contracts, while broader restrictions on forex derivatives remain in […]
