Category: Economics Current Affairs

RBI’s Sarthi and Pravaah Initiatives: The Reserve Bank of India was recently selected for the UK’s Digital Transformation Award 2025 for its tech innovations Sarthi and Pravaah systems. The Sarthi system, named after the Hindi word for ‘charioteer’, was launched in January 2023 to digitise all of RBI’s internal workflows. It enables employees to securely […]

India’s GDP to Reach $5.7 Trillion: According to Morgan Stanley, India’s GDP is projected to expand to $5.7 trillion by fiscal 2028, making it the third-largest economy in the world, surpassing Germany and Japan. Currently the fifth-largest economy, India is expected to overtake Japan by 2026 to become the fourth-largest. The country’s share in global […]

ADB Launches “Frontier Seed” to Boost Private Sector Growth and Ocean Impact in the Pacific: evelopment Bank (ADB) has launched the Frontier Seed (Pacific) program to support local businesses, strengthen capital markets, and promote sustainable economic growth in the Pacific region. The initiative focuses on developing local industries and fostering inclusive and resilient economies. Under […]

Public Health Education : Facing Crisis India’s public health education sector is facing a crisis due to job scarcity, lack of standardization, and funding constraints. Public health education trains professionals in disease prevention, healthcare management, epidemiology, and health policies. Article 47 of the Indian Constitution directs the state to improve public health as a primary […]

Quick Commerce in India: Quick commerce (Q-commerce) has transformed urban shopping habits by enabling deliveries within minutes.While it offers convenience and brand advantages, concerns over predatory pricing, data privacy, and the displacement of traditional retailers have sparked regulatory scrutiny.Q-commerce, a subclass of e-commerce, is an on-demand delivery model where goods and services are delivered within […]

India’s Infodemic: Data & Statistics India, with 95.04 crore internet users, is facing an unprecedented rise in fake news and disinformation.214% rise in misinformation during the COVID-19 pandemic, with India accounting for 1 in 6 fake news pieces globally.Over 85% of urban Indians report encountering online hate speech, with 64% blaming social media (UNESCO-Ipsos survey). […]

Indian Railways Freight: Indian Railways has surpassed the previous year’s freight loading, reaching 1,465.371 million tonnes (MT) in the first 11 months of FY 2024-25.Freight movement refers to the transportation of goods via rail networks, including coal, iron ore, cement, and other commodities.Target for Freight Movement: 3,000 MT by 2027 to enhance logistics capacity. Current […]

PM-YUVA 3.0: The Ministry of Education launched PM-YUVA 3.0 (Young, Upcoming and Versatile Authors)-Prime Minister’s Scheme for Mentoring Young Authors. It aims to train young authors (below 30 years) to promote reading, writing, and book culture while projecting Indian literature globally. Themes: Contribution of Indian Diaspora in Nation Building Indian Knowledge System Makers of Modern […]

Valueattics Reinsurance Becomes India’s First Private Reinsurer: The Insurance Regulatory and Development Authority of India (IRDAI) granted Valueattics Reinsurance, backed by Prem Watsa and Kamesh Goyal, the first private reinsurance license in India. This development marks a significant step towards fostering competition in the reinsurance sector, ending GIC Re’s monopoly that has existed since 1972. […]

The IRDAI has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25: The Insurance Regulatory and Development Authority of India (IRDAI) has once again designated Life Insurance Corporation of India (LIC), The New India Assurance Company, and General Insurance Corporation of India (GIC Re) as Domestic […]