1% TCS on Luxury Goods Over ₹10 Lakh: India has taken an unprecedented step by terminating the Indus Water Treaty (IWT) with Pakistan, a move that signifies the most serious breakdown in diplomatic relations between the two nations in recent years. Alongside the treaty’s termination, the Atari-Wagah border has been sealed, visa services for Pakistani […]
Category: Economics Current Affairs
Gold’s Rising Share in India’s Forex Reserve
Gold’s Rising Share in India’s Forex Reserve: As per the World Gold Council (WGC), India’s gold share in foreign exchange reserves has nearly doubled from 6.7% in 2019 to 12% by February 2025. India’s forex reserves rose to USD 677.84 billion in April 2025, led by an increase of USD 892 million in FCA and […]
RBI Permits Minors Above 10 to Operate Bank Accounts Independently
RBI Permits Minors Above 10 to Operate Bank Accounts Independently: Reserve Bank of India (RBI) issued revised directions allowing minors aged 10 years and above to independently open and operate savings and term deposit accounts. This move, aimed at promoting early financial literacy, will empower minors to manage money responsibly, within a safe and supervised […]
India Imposes 12% Tariff on Steel Imports
India Imposes 12% Tariff on Steel Imports: The Government of India has announced the imposition of a 12% provisional safeguard duty on select categories of steel imports. The decision, which came into effect on April 21, 2025, is aimed at countering a surge in low-cost steel imports, especially from China, South Korea, and Japan. The […]
SBI Deploys ‘Grahak Mitras’ to Boost Alternate Banking Channel Adoption
SBI Deploys ‘Grahak Mitras’ to Boost Alternate Banking Channel Adoption: The State Bank of India (SBI), India’s largest public sector bank, has unveiled a new customer engagement initiative by introducing ‘Grahak Mitras’ at select branches. These specially trained personnel, drawn from SBI’s subsidiary, State Bank Operations Support Services (SBOSS), will assist walk-in customers with alternate […]
Launch of ‘Sanskriti Ka Paanchva Adhyay’
Launch of ‘Sanskriti Ka Paanchva Adhyay’: A new book titled ‘Sanskriti Ka Paanchva Adhyay’ was officially launched on April 18, 2025, at the Samvet Auditorium of the Indira Gandhi National Centre for the Arts (IGNCA), Janpath, New Delhi. This book is a curated compilation of speeches and thoughts by Prime Minister Shri Narendra Modi, focused […]
Zepto Renames Parent Entity Ahead of IPO: Aligning Brand and Business Strategy
Zepto Renames Parent Entity Ahead of IPO: Aligning Brand and Business Strategy Zepto, one of India’s fastest-growing quick-commerce startups, has taken a significant step toward its Initial Public Offer (IPO) by officially changing the name of its parent company. The company has rebranded from Kiranakart Technologies Private Limited to Zepto Private Limited, aligning its corporate […]
Global Trade Outlook and Statistics 2025
Global Trade Outlook and Statistics 2025: The World Trade Organization’s (WTO) Global Trade Outlook and Statistics 2025 reveals that global merchandise trade is projected to decline by 0.2% in 2025. The WTO’s revised forecast for global merchandise trade shows a 0.2% decline in 2025. If trade tensions escalate further, especially with new tariff measures, the […]
India’s Economy to Grow by 6.5% in 2025 : UNCTAD Forecast
India’s Economy to Grow by 6.5% in 2025 : UNCTAD Forecast India is set to maintain its position as the fastest-growing major economy in 2025 with an impressive 6.5% GDP growth, according to the latest “Trade and Development Foresights 2025” report released by the United Nations Conference on Trade and Development (UNCTAD). While global economic […]
Government Clarifies No GST on UPI Transactions Above ₹2,000
Government Clarifies No GST on UPI Transactions Above ₹2,000: The Finance Ministry of India has categorically denied any plans to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions over ₹2,000. The Ministry termed such claims as false, baseless, and misleading. Reinforcing the government’s commitment to promoting digital payments, the clarification emphasizes […]
