Cabinet Approves ₹1,500 Crore UPI Incentive Scheme for Banks: The Union Cabinet has approved an incentive scheme of ₹1,500 crore for banks to promote Unified Payments Interface (UPI) transactions below ₹2,000 in FY 2024–25. Banks will receive a 0.15% incentive on such transactions made by small merchants, with a portion of the payout contingent on […]
Category: Economics Current Affairs
SEBI Reduces Minimum Investment in SSE to ₹1,000
SEBI Reduces Minimum Investment in SSE to ₹1,000: The Securities and Exchange Board of India (SEBI) has reduced the minimum investment amount for Zero Coupon Zero Principal (ZCZP) instruments on the Social Stock Exchange (SSE) from ₹10,000 to ₹1,000. This decision, based on recommendations from the Social Stock Exchange Advisory Committee, aims to enhance retail […]
LIC Agents Protest Against New Insurance Rules
LIC Agents Protest Against New Insurance Rules: LIC is the largest public sector life insurance company and institutional investor in India. Headquartered in Mumbai, it plays a crucial role in India’s financial market. Motto: “Yogakshemam Vahamyaham” (From the Bhagavad Gita) – “Your welfare is our responsibility.” It was established in 1956 through the Life Insurance […]
Pension Fund Regulatory and Development Authority : Issued Regulation
Pension Fund Regulatory and Development Authority: Issued Regulation The Pension Fund Regulatory and Development Authority (PFRDA) recently issued regulations for the operationalisation of the Unified Pension Scheme (UPS) under the National Pension System (NPS), 2025. Pension Fund Regulatory and Development Authority (PFRDA) is a statutory regulatory body set up under the PFRDA Act, enacted in […]
Book on CMC Vellore ‘To the Seventh Generation’ Launched in Chennai
Book on CMC Vellore ‘To the Seventh Generation’ Launched in Chennai: V.I. Mathan, former director of Christian Medical College (CMC) Vellore, launched the book “To the Seventh Generation: The Journey of Christian Medical College Vellore” in Chennai. The first copy was presented to Dr. Vikram Mathew, the current director and haematologist at CMC Vellore, while […]
Competition Commission of India
Competition Commission of India: The CCI raided GroupM, Dentsu, IPG Mediabrands, and the Indian Broadcasting and Digital Foundation (IBDF) for allegedly fixing IPL ad rates and discounts. Established in 2009 under the Competition Act, 2002, the CCI became fully operational on May 20, 2009, when substantive provisions related to anti-trust enforcement and merger regulation came […]
Deena Mehta Re-appointed as Independent Director of Fino Payments Bank
Deena Mehta Re-appointed as Independent Director of Fino Payments Bank: Fino Payments Bank (FPB) has re-appointed Deena Mehta as an Independent Director for a second term from March 19, 2025, to March 18, 2028. A highly experienced finance professional, Mehta has made significant contributions to the Indian capital markets and has been associated with key […]
Indranil Bhattacharyya Appointed as RBI’s Executive Director
Indranil Bhattacharyya Appointed as RBI’s Executive Director: The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya as Executive Director (ED), effective March 19, 2025. He will be responsible for overseeing the Department of Economic and Policy Research in his new role.The Reserve Bank of India (RBI) announced the appointment of Indranil Bhattacharyya as its […]
SEBI Partners with DigiLocker to Reduce Unclaimed Assets and Strengthen Investor Protection
SEBI Partners with DigiLocker to Reduce Unclaimed Assets and Strengthen Investor Protection: The Securities and Exchange Board of India (SEBI) has partnered with DigiLocker to streamline access to investors’ securities holdings and reduce unclaimed assets in the Indian securities market. This initiative enables investors to store and retrieve their demat holdings, mutual fund statements, and […]
India’s Net FDI Declines to $1.4 Billion in 2024-25
India’s Net FDI Declines to $1.4 Billion in 2024-25: India’s net Foreign Direct Investment (FDI) witnessed a significant decline, dropping to $1.4 billion during April 2024–January 2025 from $11.5 billion in the same period a year ago. This decline was attributed to increased repatriation by investors and a rise in outward FDI by Indian firms. […]
