Category: Economics Current Affairs

Corporatisation of the Ordnance Factory Board: India’s ordnance factories have posted record export orders of ₹3,500 crore in FY25, the highest ever since corporatisation.In October 2021, the government reorganised 41 Ordnance Factory Board units into seven Defence Public Sector Undertakings (DPSUs) Financial turnaround: from ₹2,844 crore cumulative loss (2019-20) → ₹625 crore profit (2022-23 & […]

Cabinet clears ₹1,500 cr scheme to promote critical mineral recycling: The Union Cabinet has approved a ₹1,500 crore scheme under the National Critical Mineral Mission (NCMM) to promote recycling of e-waste, lithium-ion batteries, and catalytic converters for recovery of critical minerals.It is a government incentive scheme worth ₹1,500 crore to promote recycling of e-waste and […]

UPI Limit Increased to ₹10 Lakh for Select Transactions: Starting September 15, 2025, the National Payments Corporation of India (NPCI) will implement revised UPI transaction limits for specific high-value payment categories. The per-transaction limit has been increased to ₹5 lakh, and the 24-hour aggregate limit raised to ₹10 lakh for several services, including insurance, capital […]

Centre Notifies Unified Pension Scheme Rules Under NPS: The Central Government of India has formally notified the Unified Pension Scheme (UPS) rules under the National Pension System (NPS), marking a key milestone in the evolution of public sector pension reforms. The newly issued Central Civil Services (Implementation of the Unified Pension Scheme under the NPS) […]

UIDAI Records 221 Crore Aadhaar Authentications in August 2025: The Unique Identification Authority of India (UIDAI) recorded an impressive 221 crore Aadhaar authentication transactions in August 2025, signaling India’s accelerated shift toward digital governance and secure identity verification. This record-breaking number highlights the central role Aadhaar continues to play in facilitating welfare schemes, enhancing e-governance, […]

DPIIT and ICICI Bank Join Hands to Boost Startups: The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with ICICI Bank to extend targeted support to DPIIT-recognised startups across India. The partnership, formalized on September 4, 2025, is hosted under the Startup India initiative and is designed […]

Securities Appellate Tribunal: US-based trading firm Jane Street Group recently filed an appeal in the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India (SEBI) in the alleged market manipulation case. The SAT is a statutory body established under the Securities and Exchange Board of India Act, 1992. As a quasi-judicial body, […]

Unique Disability ID (UDID) Card: Less than 40% of India’s projected population of Persons with Disabilities (PwDs) have been issued a Unique Disability ID (UDID) Card, which enables access to government benefits, data show. A UDID card is a single document of identification for Persons with Disabilities (PwDs). It is the universal ID that is […]

Equity Derivatives : SEBI SEBI has come out with a new framework for monitoring intraday positions in equity index derivatives, a move aimed at preventing risks caused by large exposures. Derivatives are financial contracts that derive value from an underlying asset. Derivatives allow traders to bid on the direction of the underlying asset’s price change […]

GST Rate Cuts 2025: The government has announced major GST rate cuts in 2025, making essentials, healthcare, education, and even automobiles more affordable. From daily-use goods to farming equipment and electronics. Highlights: Hair Oil, Shampoo, Toothpaste, Toilet Soap Bar, Tooth Brushes, Shaving Cream From 18% To 5% Butter, Ghee, Cheese & Dairy Spreads  From 12% […]