Category: Economics Current Affairs

Axis Bank Pledges ₹104 Crore to Ashoka University for Research Growth: Axis Bank has committed ₹104 crore to Ashoka University over the next four years. The funding aims to strengthen the university’s PhD and Post-Doctoral programs while enhancing its research capabilities in Neurosciences, Behavioral Studies, and Physics. This partnership, formalized through a Memorandum of Understanding […]

Tobin Tax: U.S. President Donald Trump’s administration is considering imposing a Tobin Tax on capital flows, a move that could disrupt global financial markets. The Tobin Tax is a tax on foreign exchange transactions aimed at discouraging short-term speculative trading. It is a small levy (0.1%-0.5%) on currency conversions to reduce volatility in financial markets. […]

RBI Injects ₹2.5 Lakh Crore to Strengthen Banking Liquidity: The Reserve Bank of India (RBI) has announced a significant liquidity infusion of ₹2.5 lakh crore into the banking system through a Variable Rate Repo (VRR) auction. This move is aimed at addressing the current liquidity shortfall in the financial system, which has been impacted by […]

Easebuzz Secures RBI Authorization: Easebuzz, a leading payment solutions provider, has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). This regulatory approval allows the company to streamline digital transactions, ensuring secure and seamless payment processing for businesses across India. The license reinforces Easebuzz’s commitment to […]

RBI Approves Temasek Unit’s Stake Hike in AU Small Finance Bank: The Reserve Bank of India (RBI) has granted approval to Zulia Investments, a subsidiary of Temasek Holdings, to increase its stake in AU Small Finance Bank to up to 7%. This move highlights Temasek’s growing interest in India’s financial sector and AU Small Finance […]

Economic Contribution of Southern States: Chief Economic Adviser (CEA) V. Anantha Nageswaran emphasized that Southern Indian states should benchmark their economic performance against global standards rather than just other Indian states, highlighting the economic strength of the region and areas requiring improvement. Economic Contribution of Southern States: Economic Contribution: Southern States account for 30% of […]

RBI Fines Federal Bank & Karur Vysya Bank for Rule Violations: The RBI has imposed a total penalty of ₹35.60 lakh on Federal Bank (₹27.30 lakh) and Karur Vysya Bank (₹8.30 lakh) for regulatory non-compliance. FB was fined for opening savings accounts for ineligible entities, violating deposit rules, while Karur Vysya Bank failed to meet […]

Over 54.5 Crore Jan Dhan Accounts Opened till Jan 15: As of January 15, 2025, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has surpassed a significant milestone, with over 54.58 crore bank accounts opened. What makes this achievement even more remarkable is that 55.7% of these accounts belong to women, highlighting the scheme’s role in […]

RBI Defers Liquidity Coverage Ratio and Project Financing Norms to 2026: The RBI has deferred the implementation of Liquidity Coverage Ratio (LCR) and project financing norms by a year, now set for March 31, 2026. Originally planned for April 1, 2025, these norms required banks to maintain higher liquid assets, potentially impacting ₹4 lakh crore […]

RBI Clears Tata Communications’ Payment Arm Sale to Findi: The Reserve Bank of India has approved Tata Communications’ sale of its entire stake in Tata Communications Payment Solutions Ltd to Australian fintech Findi’s subsidiary, Transaction Solutions International for ₹330 crore, with an additional ₹75 crore contingent on interchange rate adjustments.