Narcotics Control Bureau (NCB), under Operation MED MAX: The Narcotics Control Bureau (NCB), under Operation MED MAX and in coordination with international agencies, has dismantled a transnational drug cartel operating across more than 10 countries in Asia, North America, Europe, and Oceania. NCB: Headquartered in New Delhi, NCB is the apex drug law enforcement and […]
Category: Economics Current Affairs
Fourth International Financing for Development Conference (FfD4)
Fourth International Financing for Development Conference (FfD4): The Fourth International Financing for Development Conference (FfD4) is underway in Seville, Spain, focusing on overhauling the global financial architecture.A United Nations-led global forum to address sustainable development financing gaps and reform global economic governance. Held in Seville, Spain in 2025 under the aegis of the United Nations […]
Bond Yield
Bond Yield: Yield on India’s benchmark 10-year bonds will stay soft in July, according to Bank of Baroda (BoB) Research. A bond is a loan made by an investor to a borrower for a set period of time in return for regular interest payments. The time from when the bond is issued to when the […]
Financial Stability Report : RBI
Financial Stability Report : RBI The Reserve Bank of India (RBI) recently released the Financial Stability Report for June 2025. It is a biannual report released by the Reserve Bank of India (RBI). It reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian […]
SBI celebrates 70 years since its formation in 1955
SBI celebrates 70 years since its formation in 1955: July 1 marks a historic milestone in India’s financial landscape as the State Bank of India (SBI) celebrates its 70th anniversary. Established in 1955, SBI is more than a banking institution—it’s a symbol of India’s economic journey and a trusted partner in national development. From financing […]
Goods and Services Tax Day 2025
Goods and Services Tax Day 2025: Every year on July 1st, India celebrates Goods and Services Tax (GST) Day to commemorate the implementation of one of the country’s most transformative economic reforms. Introduced on July 1, 2017, the Goods and Services Tax subsumed multiple indirect taxes and unified the Indian market under a single taxation […]
Bank Lending to Industry Slows to 4.9%
Bank Lending to Industry Slows to 4.9%: The Reserve Bank of India (RBI) reported a significant slowdown in bank credit growth to various sectors, including industry, services, and personal loans. According to the RBI’s sectoral credit report for the fortnight ended May 30, 2025, bank lending to industry grew by only 4.9%, a stark drop […]
India’s Bank GNPAs Fall to Multi-Decade Low of 2.3%
India’s Bank GNPAs Fall to Multi-Decade Low of 2.3%: The Reserve Bank of India (RBI) has reported that gross non-performing assets (GNPAs) in the banking sector declined to a multi-decade low of 2.3% in March 2025, down from 2.6% in September 2024. However, the central bank warned that GNPAs could rise to 2.6% by March […]
India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25
India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25: India’s Goods and Services Tax (GST) regime, implemented in 2017, has shown remarkable growth in revenue collections. In a landmark achievement, gross GST collections reached a record high of ₹22.08 lakh crore in the financial year 2024–25 (FY25), doubling from ₹11.37 lakh crore in FY21. […]
Ravi Agrawal’s Tenure as CBDT Chairman Extended Till June 2026
Ravi Agrawal’s Tenure as CBDT Chairman Extended Till June 2026: The Government of India has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) till June 2026. This reappointment, approved by the Appointments Committee of the Cabinet (ACC), ensures leadership continuity in India’s apex direct tax policy-making […]
