S&P Global Ratings Boosts India’s GDP Forecast to 6.5%: S&P Global Ratings delivered encouraging news for India’s economic prospects on Tuesday, June 24, 2025, by raising the country’s GDP growth forecast to 6.5% for the current fiscal year. This upward revision reflects the rating agency’s confidence in India’s economic resilience despite mounting global uncertainties and […]
Category: Economics Current Affairs
Household Income Survey in 2026
Household Income Survey in 2026: The Ministry of Statistics and Programme Implementation (MoSPI) has announced that India will conduct its first comprehensive Household Income Survey in 2026. A nationwide Household Income Survey aimed at generating robust and reliable data on income distribution across India for the first time. Ministry & Organisations Involved: Ministry of Statistics […]
Tripura Declared Fully Literate Under ULLAS
Tripura Declared Fully Literate Under ULLAS: Tripura has become the third Indian state, after Mizoram and Goa, to achieve full functional literacy as per the national benchmark of 95% literacy among individuals aged 15 years and above. The announcement was made on June 23, 2025, during a grand ceremony at Rabindra Satabarshiki Bhawan, Agartala, with […]
India to Revise CPI Basket and Base Year for Better Inflation Tracking
India to Revise CPI Basket and Base Year for Better Inflation Tracking: The Consumer Price Index (CPI), a key indicator for measuring retail inflation in India, is set for a significant revamp. As per the Ministry of Statistics and Programme Implementation (MoSPI), the CPI basket will be expanded, and the base year will be updated […]
RBI’s New Project Finance Norms Offer Relief to NBFCs
RBI’s New Project Finance Norms Offer Relief to NBFCs: The Reserve Bank of India (RBI) has released its final guidelines for project finance lending, introducing a more lenient framework for provisioning norms and offering relief to key non-banking financial companies (NBFCs) like PFC and REC. These norms, applicable from October 1, 2025, are expected to […]
Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar
Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar: Gold has officially become the second-largest global reserve asset, surpassing the euro, as revealed by a recent European Central Bank (ECB) report. Central banks across the world have ramped up their gold holdings in response to persistent geopolitical tensions, inflation fears, and concerns over the reliability […]
Net Interest Margin
Net Interest Margin: State-run lender Indian Overseas Bank (IOB) has taken various steps to offset the impact on net interest margin (NIM) from the repo rate cut affected by the Reserve Bank of India (RBI) recently. NIM is a financial metric used to measure the profitability of a bank or financial institution’s lending activities. It […]
Digital Payments Award 2024-25
Digital Payments Award 2024-25: India Post Payments Bank (IPPB) has been conferred the prestigious Digital Payments Award 2024-25 by the Department of Financial Services (DFS), Ministry of Finance. It is a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications. IPPB was launched on September 1, 2018. The bank has been […]
Merchant Banking : SEBI
Merchant Banking : SEBI The Securities and Exchange Board of India (SEBI) recently said merchant bankers (MB) can now engage in unregulated activities such as advisory and consultancies without needing a separate legal entity. Merchant Banking refers to financial services designed especially for businesses and corporate clients. These services help business owners raise funds, manage […]
Performance Grading Index 2.0
Performance Grading Index 2.0: The Ministry of Education released the Performance Grading Index (PGI) 2.0 report for the years 2022–23 and 2023–24, assessing the performance of states and Union Territories (UTs) in school education. Key Findings of Performance Grading Index (PGI) 2.0 for 2023–24: Top Performers: Chandigarh topped with a score of 703, followed by […]
