Japan Launches World’s First Yen-Pegged Stablecoin: Japan has officially launched the world’s first yen-pegged stablecoin, named JPYC, on October 27, 2025. The debut marks a key turning point in the country’s evolving financial ecosystem, which has traditionally leaned heavily on cash and credit cards. Issued by Tokyo-based startup JPYC Inc. the digital token is fully […]
Category: Economics Current Affairs
RBI Launches HaRBInger 2025 Global Hackathon
RBI Launches HaRBInger 2025 Global Hackathon: The Reserve Bank of India (RBI) has officially launched HaRBInger 2025 – Innovation for Transformation, its fourth global hackathon, aiming to promote the development of secure, inclusive, and identity-driven banking solutions. The hackathon reflects RBI’s commitment to leveraging emerging technologies for the financial sector and enhancing trust and integrity […]
India Forex Reserves : Surged
India Forex Reserves: Surged India’s foreign exchange reserves surged by billion, crossing the billion mark for the first time, mainly due to a sharp rise in gold reserves valued at over billion.The rise was driven by RBI’s gold purchases and an increase in global gold prices, while foreign currency assets slightly declined by billion amid […]
RBI Removes ₹10,000 Crore Lending Limit on Individual Corporate Borrowers
RBI Removes ₹10,000 Crore Lending Limit on Individual Corporate Borrowers: The Reserve Bank of India (RBI) has withdrawn a 2016 circular that limited how much the banking system could collectively lend to a single large corporate borrower. This move marks a step towards liberalising bank lending norms while still maintaining safeguards against concentration risk through […]
Authorized Economic Operator (AEO) Programme
Authorized Economic Operator (AEO) Programme: The World Trade Organization (WTO) recently praised India’s liberalised Authorised Economic Operator (AEO) programme for significantly increasing the participation of micro, small, and medium enterprises (MSMEs) in international trade. AEO is a programme under the aegis of the World Customs Organisation (WCO) SAFE Framework of Standards to secure and facilitate […]
Adani’s Godda Power Plant Approved for National Grid Connection
Adani’s Godda Power Plant Approved for National Grid Connection: The Government of India has approved the connection of Adani Power’s Godda Ultra Super Critical Thermal Plant to the national electricity grid. This 1,600 MW plant in Jharkhand, previously built to export electricity exclusively to Bangladesh, will now also supply power domestically — a decision expected […]
UPI Introduces ‘Pay With Mutual Fund’ for Instant Transactions
UPI Introduces ‘Pay With Mutual Fund’ for Instant Transactions: India’s Unified Payments Interface (UPI) has launched a new feature — ‘Pay with Mutual Fund’. This allows users to make real-time transactions directly from their liquid mutual fund holdings, eliminating the need to transfer funds to a bank account first. Backed by ICICI Prudential AMC, Bajaj […]
NPCI Launches AI-Based ‘UPI Help’ for Payment Query Support
NPCI Launches AI-Based ‘UPI Help’ for Payment Query Support: The National Payments Corporation of India (NPCI) has launched ‘UPI Help’, an AI-powered digital assistant aimed at simplifying grievance redressal and transaction tracking on the Unified Payments Interface (UPI). The new tool promises real-time support for millions of users facing common payment issues, such as failed […]
New Nomination Rules in Banking To Take Effect From November 1
New Nomination Rules in Banking To Take Effect From November 1: The Central Government has announced that updated nomination provisions under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025. These provisions aim to simplify and streamline the nomination process for bank deposits, lockers, and articles in safe custody, ensuring […]
Rangarajan Poverty Line
Rangarajan Poverty Line: Economists from the Reserve Bank of India’s (RBI) Department of Economic and Policy Research published a paper in which they ‘updated’ the Rangarajan Poverty Line for 20 major states of India, using data from the Household Consumption Expenditure Survey (HCES) 2022-23. Key Highlights of RBI’s Paper on Updated Rangarajan Poverty Line: Odisha […]
