Category: Economics Current Affairs

Repo Rate : Recent Update The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points, bringing it down to 6%.The repo rate is the interest rate at which the RBI lends short-term funds to commercial banks against government securities.It serves as a primary tool for the RBI to regulate liquidity, control […]

Razorpay Launches Turbo UPI Plugin to Revolutionize Digital Payments: Fintech major Razorpay has unveiled its Turbo UPI plugin, in partnership with NPCI BHIM Services Limited (NBSL) and Axis Bank, leveraging the BHIM Vega platform. This advanced UPI solution eliminates the need for external redirection during transactions, enabling users to complete payments within the app itself. […]

ADB Projected India Economy Grow By 6.7% in FY2025: India’s economy continues to demonstrate resilient growth despite global uncertainties. According to the Asian Development Outlook (ADO) April 2025, the Indian GDP is projected to grow by 6.7% in FY2025, driven by higher domestic demand, rising rural incomes, and moderating inflation. The Asian Development Bank (ADB) […]

Industrial Production Slows to 6-Month Low of 2.9% in February 2025: India’s industrial activity witnessed a marked deceleration in February 2025, with the Index of Industrial Production (IIP) expanding at just 2.9%, the slowest pace in six months. The sharp drop was largely attributed to sluggish growth across key sectors—mining, manufacturing, and electricity and the […]

Accommodative Stance : RBI The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting, retained its accommodative stance to support economic recovery amidst moderating inflation and sluggish growth signals. An accommodative stance is a monetary policy approach adopted by central banks like the RBI to stimulate economic activity. It generally involves […]

One State, One RRB Policy: The Ministry of Finance has notified the amalgamation of 26 Regional Rural Banks (RRBs) across 10 states and 1 union territory under the “One State, One RRB” policy, effective from May 1, 2025, reducing the total number of RRBs to 28.A reform initiative of the Department of Financial Services aimed […]

Bear Market: The S&P 500 briefly entered bear market territory, dropping over 20% due to escalating US tariffs under President Trump. This is the first such decline since 2022, triggering global recession fears and investor panic. A bear market refers to a situation where a stock index declines by 20% or more from its recent […]

Satish Chavva Appointed as CEO of OIJIF: The Oman India Joint Investment Fund (OIJIF) has appointed Satish Chavva as the Chief Executive Officer (CEO). This appointment, announced on April 8, 2025, comes as part of the fund’s efforts to strengthen its leadership and strategic growth initiatives. With over two decades of experience in private equity […]

University Grants Commission : In News The University Grants Commission (UGC) has notified the “Recognition and Grant of Equivalence to Qualifications Obtained from Foreign Educational Institutions Regulations, 2025”. These regulations were finalised after public feedback on the 2023 draft and aim to provide a transparent, structured, and standardised process for recognising foreign academic qualifications. This […]

Government Set To Implement “One State, One RRB”: The Indian government is set to implement the “One State, One RRB” (Regional Rural Bank) policy to improve operational efficiency, reduce competition, and consolidate the existing 43 RRBs into 28. The Ministry of Finance aims to streamline the functioning of these banks by merging smaller, less efficient […]