Category: Economics Current Affairs

SEBI’s Operational Framework for ESG Debt Securities: SEBI has notified a detailed operational framework for issuing Environmental, Social, and Governance (ESG) debt securities, including social, sustainability, and sustainability-linked bonds.ESG debt securities are financial instruments used to raise funds exclusively for projects with environmental, social, or governance benefits. These include: Social Bonds (for social impact projects) […]

16th Census of India: The Government of India has announced that the 16th Census will conclude by March 2027, marking the first digital and caste-based census in Independent India. A Census is the official enumeration of population, providing vital statistics on demography, economy, and socio-cultural aspects at every administrative level. Conducted every 10 years under […]

Nomura Forecasts India’s GDP to Slow to 6.2% in FY26: Japanese brokerage firm Nomura has projected that India’s GDP growth will moderate to 6.2% in FY26, down from 6.5% in FY25, signaling a slowdown from the sharp 9.2% expansion recorded in FY24. The forecast, released on June 3, 2025, reflects increasing divergence between robust headline […]

Flipkart has become the first large e-commerce firm in India to receive a Non-Banking Financial Company licence from the Reserve Bank of India: Walmart-owned Flipkart has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this licence, Flipkart can now offer loans directly to its customers […]

India Achieves Fiscal Deficit Target of 4.8% for FY25: The Government of India has successfully met its fiscal deficit target of 4.8% of Gross Domestic Product (GDP) for the financial year 2024–25, as revealed in the provisional data released by the Controller General of Accounts (CGA).The CGA, under the Department of Expenditure, Ministry of Finance, […]

India has extended financial support to the Maldives by rolling over (renewing) a USD 50 million Treasury Bill: India has extended financial support to the Maldives by rolling over (renewing) a USD 50 million Treasury Bill, under a special government-to-government (G2G) framework that began in 2019. India recognized Maldives in 1965 and established its mission […]

RBI Update: Only 1.74% of ₹2,000 Notes Remain in Circulation The Reserve Bank of India (RBI) has revealed that 98.26% of the ₹2,000 denomination banknotes in circulation have been returned as of May 31, 2025. The note, once introduced post-demonetisation in 2016, is now being gradually withdrawn under the RBI’s Clean Note Policy, though it […]

Deutsche Bank Appoints Stefan Schaffer as CEO of India GCC: Deutsche Bank has appointed Stefan Schaffer as the new CEO of its India Global Capability Centre (GCC). Schaffer will also take on dual roles as the Global CIO for Corporate Functions and Head of Global Technology Centres, signifying the bank’s strong commitment to its India […]

Canara Bank Removes Minimum Balance Rule for All SB Accounts: Canara Bank has waived the minimum balance requirement across all its savings bank (SB) accounts, including regular savings, salary, and NRI accounts. This decision eliminates Average Monthly Balance (AMB)-related penalties, making Canara Bank the first major public sector bank in India to implement such a […]

RBI Grants In-Principle Approval to PayPal and Worldline for Cross-Border Payment Aggregation: The Reserve Bank of India (RBI) has granted in-principle approval to PayPal Payments and Worldline ePayments India to operate as cross-border payment aggregators (PAs) under the Payment and Settlement Systems Act, 2007. This move is set to boost India’s position in global trade […]