Current Affair Category: Indian Economy

Why in News? China is witnessing a rapid rise in industrial tourism, with families increasingly visiting EV, electronics, high-speed rail, robotics, shipbuilding and other high-tech manufacturing facilities. Factory-tour bookings increased by over 36% year-on-year during the 2026 summer season. Families accounted for 68% of bookings. Beijing recorded 15 million industrial tourists and 1.7 billion yuan revenue in 2024. What is Industrial Tourism? Industrial tourism refers […]

Why in News? India is hosting the World Circular Economy Forum (WCEF) 2026 in Gandhinagar, Gujarat, from 15–18 September 2026. This is the first time WCEF is being hosted in South Asia. Theme: “Circular Economy: Transition for People and Prosperity” What is a Circular Economy? A circular economy is an economic model that aims to keep products and materials in use for […]

Why in News? The government has clarified the zero-charge framework for UPI transactions up to ₹2,000. At the same time, the possibility of introducing Merchant Discount Rate (MDR) on higher-value merchant transactions has been opened. What is UPI? UPI (Unified Payments Interface) is a real-time digital payment system developed and operated by the National Payments Corporation of India (NPCI). It […]

Why in News? The Western Dedicated Freight Corridor (WDFC) has reached completion with the inauguration of its remaining sections connecting Jawaharlal Nehru Port (Navi Mumbai) with Dadri (Uttar Pradesh). The project is important for freight efficiency, logistics cost reduction, industrial growth, railway modernisation and multimodal connectivity. What is a Dedicated Freight Corridor? A Dedicated Freight Corridor (DFC) is a railway route exclusively […]

Why in News? The 18th BRICS Summit in New Delhi is expected to discuss mechanisms for making cross-border payments faster, cheaper and more efficient. Discussions include linking national payment systems and Central Bank Digital Currencies (CBDCs). What are Cross-Border Payments? Cross-border payments are financial transactions between people, businesses or banks located in different countries. For example, when an Indian company […]

Background: 16th Finance Commission के अध्यक्ष Dr. Arvind Panagariya हैं। इसका Award Period 2026–31 है। इसका मुख्य कार्य Centre और States के बीच कर राजस्व के वितरण की सिफारिश करना है। Constitutional Basis: Article 280: Finance Commission के गठन का प्रावधान करता है। Article 270: Centre द्वारा एकत्र किए गए shareable net tax proceeds को Centre और States के बीच बाँटने का आधार देता है। Shareable […]

Why in News? Foreign-exchange inflows mobilised through FCNR(B) deposits, OFCBs and ECBs under the RBI’s special forex swap facility crossed $136 billion, exceeding initial projections. Key Figures: FCNR(B) deposits: $127.226 billion OFCBs: $5.260 billion ECBs: $3.891 billion Total: $136.377 billion What is the RBI Swap Facility? RBI introduced a special USD–INR forex swap facility to strengthen India’s foreign-exchange position. It sought to address capital outflows and […]

Why in News? 25 August 2026: PIB highlighted the completion of 10 years of Unified Payments Interface (UPI). UPI has transformed India’s payment system by making instant digital payments possible through mobile phones. It has made the phone a digital wallet, from small shops and tea stalls to large businesses. What is UPI: UPI = Unified Payments Interface. It is […]

Why in News?: Policy repo rate has remained unchanged at 5.25% since February 2026, but it is expected to rise this year based on the MPC members’ observations in the August 2026 minutes. Key Takeaways: Hardening Inflation: Points toward a necessary recalibration of the policy rate, as highlighted by RBI Governor Sanjay Malhotra. Comparative Averages: […]

Why in the News? Corporate investment as a share of Gross Domestic Product (GDP) has fallen to about 9 percent from a peak of 17.3 percent, and has not returned even to the low levels recorded during the Global Financial Crisis. A corporate tax cut from 30 percent to 22 percent and a sustained low […]