Category: Economics Current Affairs

China imposes 34% reciprocal tariffs on imports of US Goods: China imposes 34% reciprocal tariffs on imports of US goods in retaliation for Trump’s trade war. A tariff is a tax imposed by a government on imported goods or services to raise revenue, protect domestic industries, or influence trade balances. A fixed amount charged on […]

Tamil Nadu has achieved the highest real economic growth rate in India for the year 2024-25: Tamil Nadu has achieved the highest real economic growth rate in India for the year 2024-25. The state grew at a rate of 9.69%, which is the best in the country and also the highest for Tamil Nadu in […]

HIL Ltd Rebrands as BirlaNu Limited: HIL Ltd, a major player in the building materials industry and part of the USD 3 billion CK Birla Group, has rebranded itself as BirlaNu Limited. The company, with its strong presence in India and Europe, has transformed its identity to better reflect its core values of innovation, quality, […]

Kamal Haasan Appointed Chairperson of FICCI Media and Entertainment Committee South: Renowned actor and filmmaker Kamal Haasan has been appointed as the Chairperson of the Federation of Indian Chambers of Commerce and Industry’s (FICCI) Media and Entertainment Committee South. The announcement was made during the FICCI’s Media and Entertainment Business Conclave South Connect 2025, held […]

Aditya Birla Capital Merged With Aditya Birla Finance Ltd.: Aditya Birla Capital Limited (ABCL) has successfully completed the amalgamation of its wholly owned NBFC subsidiary, Aditya Birla Finance Ltd. (ABFL), with itself. The merger, effective from April 1, 2025, follows approvals from shareholders, creditors, and regulatory bodies, including SEBI, RBI, and NCLT. This move aims […]

Sohini Rajola Appointmented as Executive Director at NPCI: The National Payments Corporation of India (NPCI) has appointed Sohini Rajola as its Executive Director. This decision is part of NPCI’s leadership enhancement strategy to drive the adoption of its payment solutions. Rajola’s vast experience in the payments and digital banking sectors will play a key role […]

RBI’s Transition of Urban Co-operative Banks (UCBs) to the PCA Framework: The Reserve Bank of India (RBI) will transition approximately 500 financially weak Urban Co-operative Banks (UCBs) from the Supervisory Action Framework (SAF) to the Prompt Corrective Action (PCA) framework starting April 1, 2025. This move aims to strengthen regulatory oversight and ensure timely remedial […]

RBI Revises Norms on Government-Guaranteed Security Receipts: The Reserve Bank of India (RBI) has introduced new guidelines for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs). These regulations aim to differentiate sovereign-backed SRs from ordinary SRs, providing banks with greater flexibility in provisioning while ensuring stricter capital discipline. The move is […]

RBI Conference on Strengthening Large NBFCs Held in Chennai: The Reserve Bank of India (RBI) hosted a conference for large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai. The event was attended by Chairpersons of the Audit Committee of the Board (ACB), MD & CEOs, and Statutory Auditors of various NBFCs. Under the […]

Revision in ATM withdrawal charges: The Reserve Bank of India (RBI) has announced a revision in ATM withdrawal charges, which will come into effect from May 1, 2025. As per the new rule, banks can now charge customers up to Rs 23 per transaction for withdrawals exceeding the monthly free limit. This is an increase […]