Category: Economics Current Affairs

SIDBI and Federal Bank Partner to Strengthen MSME Financing: The Small Industries Development Bank of India (SIDBI) and Federal Bank have signed a Memorandum of Understanding (MoU) to enhance financial support for micro, small, and medium enterprises (MSMEs). This collaboration aims to boost the MSME ecosystem by offering various financial services, including project finance, machinery […]

HDFC Bank Signs MoU with Indian Air Force and CSC Academy; Launches Project HAKK: HDFC Bank, under its Parivartan initiative, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) and CSC Academy to launch Project HAKK (Hawai Anubhavi Kalyan Kendra). This initiative is designed to support defence pensioners, veterans, and their […]

Open Market Operations: The Reserve Bank of India (RBI) recently announced its plan to infuse Rs 1.9 lakh crore into the banking system through open market purchases of government securities and USD/INR swaps.When the RBI feels that there is excess liquidity in the market, it resorts to the sale of government securities, thereby sucking out […]

From Borrowers to Builders: Women’s Role in India’s Financial Growth Story NITI Aayog launched the report “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story” highlighting increased financial participation of women.The report, published by TransUnion CIBIL, Women Entrepreneurship Platform (WEP), and MicroSave Consulting (MSC), shows a 42% rise in women monitoring their credit […]

Taxing Virtual Digital Assets: The Income Tax Bill, 2025 classifies Virtual Digital Assets (VDAs) as property and capital assets, bringing them under capital gains taxation and regulatory scrutiny. The bill imposes a 30% tax on VDA transfers, 1% TDS on transactions, and mandates reporting, ensuring transparency and preventing financial misuse.Virtual Digital Assets (VDAs) refer to […]

Navratna Status: The Central Government has granted Navratna status to IRCTC and IRFC, making them the 25th and 26th Navratna CPSEs in India.Navratna is a prestigious classification for Central Public Sector Enterprises (CPSEs) demonstrating exceptional financial and operational performance. It grants greater investment autonomy and decision-making flexibility.

India’s Circular Economy: A $2 Trillion Market and 10 Million Jobs by 2050 India’s circular economy is projected to generate over $2 trillion in market value and create nearly 10 million jobs by 2050, according to Union Minister Bhupender Yadav. Speaking at the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, […]

Madhya Pradesh Government to Provide Permanent Power Connections to Farmers for Just Rs 5: The agricultural community in Madhya Pradesh, Chief Minister Mohan Yadav announced on Sunday, March 3, 2025, that farmers across the state will soon receive permanent power connections for a nominal fee of just Rs 5. This initiative aims to provide affordable […]

Bank of Baroda Achieves ISO 22301:2019 Certification: Bank of Baroda, one of India’s leading public sector banks, has been awarded the prestigious ISO 22301:2019 Business Continuity Management System (BCMS) certification by the British Standards Institution (BSI). This recognition underscores the bank’s strong commitment to operational resilience, business continuity planning, and risk management, ensuring uninterrupted banking […]

Paytm Partners with Perplexity to Enhance AI: Paytm has announced its partnership with Perplexity, an AI-driven answer engine. This collaboration aims to integrate AI-powered search into the Paytm app, allowing users to ask questions, explore various topics in local languages, and make informed financial decisions.Perplexity is an advanced AI-driven answer engine designed to provide real-time […]