Category: Economics Current Affairs

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 […]

Sonali Sen Gupta Appointed RBI Executive Director: The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED) with effect from October 9, 2025. With over 30 years of experience at the central bank, Sen Gupta brings deep expertise in multiple policy and regulatory areas crucial to India’s financial […]

Microfinance Loan Defaults Surge in 2024–25: Sa-Dhan’s Bharat Microfinance Report Microfinance loan defaults in India have risen sharply in FY 2024–25, according to Sa-Dhan’s Bharat Microfinance Report 2025. Sa-Dhan, India’s self-regulatory body for microfinance institutions (MFIs), publishes the annual Bharat Microfinance Report tracking sectoral credit performance and financial inclusion outcomes. The proportion of microfinance loans […]

Insecure Direct Object Reference (IDOR): A serious data leak was narrowly avoided after the Indian government fixed a major security flaw known as an IDOR, or “insecure direct object reference,” in its income tax e-filing portal. It is a web application security vulnerability that occurs when an application exposes internal object identifiers, such as database […]

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 […]

Foreign Currency Settlement System: The Union Finance Minister launched a Foreign Currency Settlement System (FCSS) at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). It is established under a comprehensive legal and regulatory framework of the Payment and Settlement Systems Act, 2007. It is authorised by International Financial Services Centres […]

e-NAM Expansion: The Government of India has expanded the National Agriculture Market (e-NAM) by adding 9 new commodities, increasing the total tradable items to 247.The National Agriculture Market (e-NAM) is a pan-India electronic trading portal launched on 14 April 2016 to connect existing APMC mandis into a unified national market.Aim is to promote uniformity in […]