Foreign Currency Non-Resident (Bank): The Reserve Bank of India (RBI) introduced a special dispensation allowing commercial banks to mobilize fresh three- to five-year Foreign Currency Non-Resident (Bank), or FCNR(B).FCNR(B) deposits are specialized, fixed-term foreign currency bank accounts opened in India by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs).Unlike […]
Category: Economics Current Affairs
Economic Advisory Council to the Prime Minister : In News
Economic Advisory Council to the Prime Minister: In News The Prime Minister of India chaired a meeting of the Economic Advisory Council to the Prime Minister (EAC-PM). Economic Advisory Council to the Prime Minister is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the […]
GDP growth estimatedat 7.7% in 2025-26
GDP growth estimatedat 7.7% in 2025-26: The Ministry of Statistics and Programme Implementation (MoSPI) released the Provisional Estimates of National Income, showing India’s GDP growth at 7.7% in FY 2025–26, higher than the 7.6% estimate released in February 2026. Gross Domestic Product (GDP) growth measures the annual increase in the total value of goods and […]
India’s Forex Reserves Rise to $682.32 Billion
India’s Forex Reserves Rise to $682.32 Billion: Foreign exchange reserves of India has a fresh increase during the week was ended on May 29th, 2025 and it showcased the continued resilience in the country’s external sector. As per the latest data by the Reserve Bank of India (RBI), the country’s reserves rose by $938 million […]
Eklavya Model Residential Schools
Eklavya Model Residential Schools: The National Education Society for Tribal Students (NESTS) has signed a Memorandum of Understanding (MoU) with Learning Links Foundation (LLF) to implement the Amazon Future Engineer (AFE) programme across Eklavya Model Residential Schools (EMRSs) in the country. It is a flagship intervention of the Ministry of Tribal Affairs launched in 1998. […]
Women’s Welfare to Women-Led Development
Women’s Welfare to Women-Led Development: India’s approach to women’s empowerment has shifted from welfare to women-led development. Through interventions in education, health, skills, financial inclusion, and leadership, women are emerging as active contributors to economic growth, governance, and social transformation, making Nari Shakti a key pillar in achieving the vision of Viksit Bharat by 2047.
Eurozone Inflation
Eurozone Inflation: Eurozone inflation climbs to 3.2 per cent in May, with energy and services prices driving renewed price pressures across the currency bloc. The eurozone, officially known as the euro area, is a geographic and economic region that consists of countries in the European Union (EU) that have adopted the euro (€) as their […]
Mule Account
Mule Account: In one of Gujarat Police’s biggest cybercrime crackdowns, investigators recently uncovered a staggering Rs 2,289 crore cyber fraud network by targeting mule accounts, the financial lifeline of online scammers. A mule account is a bank account used to facilitate financial crimes, including money laundering, fraud and illicit fund transfers. The person who owns […]
RBI Forms Q-SAFE Committee
RBI Forms Q-SAFE Committee: The Reserve Bank of India (RBI) constituted an eight-member Expert Committee for a Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) to explore the benefits, risks and challenges of quantum technology in the financial sector. Rationale: Quantum Technology uses principles of quantum mechanics such as superposition and entanglement, enabling solutions for complex […]
Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank: The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by ongoing Middle East conflict. Asian Infrastructure Investment Bank is a multilateral development bank established in It focuses on promoting sustainable economic growth, enhancing regional connectivity, and mobilizing both public and private capital […]
