Current Affair Category: Indian Economy

Why in News? The Financial Action Task Force (FATF) released a report on July 9, 2025, highlighting how digital platforms are increasingly being misused for terror financing. The report cited examples of the Pulwama terror attack (2019) and Gorakhnath Temple attack (2022), where online payment services, VPNs, and e-commerce platforms were exploited for raising and […]

Why in News?  As climate change intensifies, the frequency and unpredictability of natural disasters—such as cyclones, floods, wildfires, and earthquakes—have increased significantly. This has strained traditional insurance systems. In this context, Catastrophe Bonds (Cat Bonds) offer an innovative financial instrument for transferring risk from governments to capital markets. Given India’s exposure to disaster risk and […]

Why in News ?  The 17th BRICS Summit, hosted in Rio de Janeiro, Brazil, on July 7–8, 2025, brought together leaders of Brazil, Russia, India, China, and South Africa to deliberate on pressing global challenges. Under the overarching theme of “Building a Just Global Order”, the summit emphasized environmental sustainability, climate action in the run-up […]

Why in the News? Anand Sinha, former RBI deputy governor, spoke at the 15th Annual Banking & Finance Conference in Mumbai, highlighting AI and green finance as pivotal for transforming India’s banking sector. He emphasized their role in strengthening digital infrastructure, boosting rural financial inclusion, and addressing climate risks that could cost India 3%–10% of […]

Detailed Overview of the 4th International Conference on Financing for Development (FfD4) The 4th International Conference on Financing for Development (FfD4), held from 30 June to 3 July 2025 in Sevilla, Spain at the FIBES Sevilla Exhibition and Conference Centre, is a critical global event aimed at mobilizing resources to achieve the Sustainable Development Goals […]

The Reserve Bank of India (RBI) has reduced the Priority Sector Lending (PSL) target for Small Finance Banks (SFBs) from 75% to 60%. This aims to enhance flexibility in lending and improve profitability for these banks. Changes in Priority Sector Lending (PSL) Target for SFBs What’s New? The revised PSL norms aim to relax lending […]

Why in News?  India has achieved a historic milestone by entering the top 100 in the Sustainable Development Goals (SDG) Index, ranking 99th out of 167 nations in the 2025 Sustainable Development Report (SDR) released by the UN Sustainable Development Solutions Network Relevance : UPSC Pre &  Mains Prelims : SDG/SDR Mains :   GS 2/GS […]

Why in News?  Recently an article highlighted the significance of food proceesing at gross root level. Relevance : UPSC Pre &  Mains Prelims : PLIS/GVA Mains :   GS 3 /Economy/Food Processing  A Quiet Revolution in Madhubani, Bihar In the NITHEMAKHANA belts of Madhubani, Bihar, a remarkable transformation is underway. Entrepreneur Gyanish Kumar Mishra has elevated the […]

Why in News?  The World Investment Report 2025, released by UN Trade and Development (UNCTAD) on June 19, 2025, highlights a 11% decline in global foreign direct investment (FDI) in 2024, marking the second consecutive year of decline. The report’s release comes ahead of the 4th International Conference on Financing for Development (FfD4). Relevance : […]

Why in News? The Sixteenth Finance Commission (SFC), set to recommend financial devolution formulas effective from April 1, 2026, is under scrutiny due to States’ demands for an increased share in the divisible pool of central taxes. With 22 out of 28 States advocating for their share to rise from 41% to 50%, concerns about […]