Category: Economics Current Affairs

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 […]

Blackstone Appoints Apurva Shah to Lead India Credit Division: On October 8, 2025, global investment firm Blackstone announced the launch of its India credit platform, appointing seasoned finance expert Apurva Shah as Managing Director to lead private credit origination operations in the country. This move marks a significant expansion of Blackstone’s global credit business into […]

RBI Launches Retail Sandbox for Digital Currency: The Reserve Bank of India (RBI) has launched a retail sandbox for its Central Bank Digital Currency (CBDC) on October 8, 2025, marking a significant development in India’s evolving digital financial ecosystem. This initiative opens the door for fintech companies to test and deploy innovative products for the […]

Unicorn Company: Startups are emerging as the new driving force of India’s defence innovation ecosystem, said Defence Minister recently, while calling upon young entrepreneurs to set new benchmarks and create India’s first defence unicorn. A unicorn company is a privately owned start-up that has been valued at over $1 billion. It is commonly used in […]

PayPal Onboards India’s UPI as First Payments System Partner: PayPal CEO Alex Chriss announced that India’s Unified Payments Interface (UPI) has become the first payments system partner to be integrated into PayPal World, the company’s newly launched global payments platform. The partnership marks a significant milestone for both PayPal and India’s fintech ecosystem, further enhancing […]

NPCI Launches Biometric and Wearable Glass Authentication for UPI Payments: The National Payments Corporation of India (NPCI), in collaboration with the Reserve Bank of India (RBI), has unveiled biometric and wearable glass-based authentication for UPI (Unified Payments Interface) transactions. Announced at the Global Fintech Fest 2025 in Mumbai, the new system allows users to authenticate […]

World Bank Ups India’s FY26 Growth Estimate to 6.5%: The World Bank upgraded India’s GDP growth forecast for FY26 to 6.5%, up from its previous estimate of 6.3% made in June. The revision is attributed to strong domestic demand, resilient rural consumption, and continued gains from Goods and Services Tax (GST) reforms.India is expected to […]