Elon Musk Becomes First Person Worth $500 Billion: Tesla CEO Elon Musk has officially become the first person in history to achieve a net worth of $500.1 billion, according to Forbes’ Real-Time Billionaires tracker (October 2025). This milestone makes him not just the world’s richest individual, but also puts him $150 billion ahead of Larry […]
Category: Economics Current Affairs
Asheesh Pandey as MD-CEO of Union Bank and Kalyan Kumar as MD-CEO of Central Bank
Asheesh Pandey as MD-CEO of Union Bank and Kalyan Kumar as MD-CEO of Central Bank: The government has appointed Asheesh Pandey as the Managing Director and CEO of Union Bank of India, and Kalyan Kumar as the MD and CEO of Central Bank of India. Both appointments are for a three-year term, following the approval […]
GST collections for September 2025 rose by 9.1%
GST collections for September 2025 rose by 9.1%: Goods and Services Tax (GST) collections for September 2025 reached ₹1.89 lakh crore, marking a 9.1% year-on-year increase and 1.5% growth over the previous month. This growth comes despite recent tax rate reductions under the GST 2.0 reforms, suggesting sustained consumption and robust tax compliance. The September […]
Reserve Bank of India (RBI) has established a six-member Payments Regulatory Board
Reserve Bank of India (RBI) has established a six-member Payments Regulatory Board: The Reserve Bank of India (RBI) has established a six-member Payments Regulatory Board (PRB) to enhance oversight and governance of the country’s payment systems.It is chaired by the RBI Governor and comprises two additional RBI representatives along with three Central Government nominees. RBI […]
India continues to hold 1st position in global milk production
India continues to hold 1st position in global milk production: Dairy sector contributes 5% to GDP, employing over 8 crore farmers, with milk production rising 63.56% in the last decade. Milk output grew from 146.3 MT (2014-15) to 239.3 MT (2023-24), at an annual growth rate of 5.7%. Availability rose by 48%, reaching 471 g/person/day […]
ADB Cuts India’s FY26 Growth Forecast to 6.5% on U.S. Tariff Impact
ADB Cuts India’s FY26 Growth Forecast to 6.5% on U.S. Tariff Impact: The Asian Development Bank (ADB) has revised India’s economic growth forecast for FY26 downward to 6.5%, from its earlier estimate of 6.7%. The cut comes in the wake of elevated U.S. tariffs that are expected to hit around 60% of India’s exports to […]
Cabinet Approves 3% DA Hike for Central Government Employees and Pensioners
Cabinet Approves 3% DA Hike for Central Government Employees and Pensioners: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a 3% hike in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners. The hike, effective from October 1, 2025, will be added to the existing rate of 55% […]
RBI Bi-Monthly Monetary Policy 2025
RBI Bi-Monthly Monetary Policy 2025: The Reserve Bank of India (RBI), under Governor Sanjay Malhotra, announced its Monetary Policy 2025 on keeping the repo rate unchanged at 5.5% and maintaining the policy stance as ‘Neutral’. The decision was unanimously taken by all MPC members.The RBI also revised its FY26 GDP growth estimate upwards to 6.8% […]
India’s bioeconomy has grown 16 times in the last decade
India’s bioeconomy has grown 16 times in the last decade: India’s bioeconomy has grown 16 times in the last decade (2014–2024), reaching $165.7 billion and accounting for 4.25% of GDP, but challenges of rural–urban disparity highlight the need for a landscape-driven green economy model.A green economy is an economic model that fosters sustainable development while […]
MoSPI Comprehensive Modular Survey: Education 2025
MoSPI Comprehensive Modular Survey: Education 2025: School dropout rates in India have halved in just two years, according to the MoSPI Comprehensive Modular Survey: Education 2025. It is Conducted by the Ministry of Statistics & Programme Implementation (MoSPI) during April–June 2025 as part of the 80th round of the National Sample Survey (NSS). Dropout decline: […]
