Current Affair Category: Indian Economy

Why in the News? Malhotra noted that RBI Governor Shakti anta Das spoke at the annual banking conclave organized by FICCI and IBA. He highlighted RBI’s role in ensuring liquidity and supporting economic growth at a time when: Loan growth has fallen to its lowest level since March 2022. Private sector investment remains sluggish. Global […]

 Why in the news ?  Between March 24 and 30, 2025, the Pew Research Center carried out a survey across 25 countries, including India, to assess perceptions of global threats such as: Spread of false information online Global economy Climate change Terrorism Infectious diseases It compared results with earlier Pew surveys (2013–2022) and presented separate […]

Why in the News?  Rapido has been fined ₹10 lakh by the Central Consumer Protection Authority (CCPA) for releasing deceptive ads and adopting unfair trade practices. Rapido was running ad campaigns such as “Guaranteed Auto” and “Auto in 5 min or get Rs 50”, which failed to deliver promised benefits to consumers. The CCPA instructed Rapido to provide […]

Why in the News?  India has formed two new informal Groups of Ministers, chaired by Home Minister Amit Shah and Defence Minister Rajnath Singh. These panels will recommend reforms in the economic and social sectors, respectively. Key Points: New Informal Group of Ministers Panel on Economic Reforms (headed by Amit Shah) It has 13 members, including Finance Minister […]

Why in the News ?  RBI has eased regulations, allowing banks to open Special Rupee Vostro Accounts (SRVAs) without seeking prior approval. This move is aimed at boosting international trade settlements in Indian Rupee (INR), especially amid growing global uncertainties such as tariff threats by the U.S. on BRICS nations. What is a Vostro Account? […]

Why in News? The Finance Ministry has announced the elimination of the 11% import duty on cotton, including the Agriculture Infrastructure and Development Cess (AIDC), with immediate effect from August 19, 2025. The waiver will remain in force till September 30, 2025. This move comes against the backdrop of steep U.S. tariffs of up to […]

Hyderabad’s Nightlife Economy Projected to Reach ₹26,000 Crore by 2031 Authorities in Telangana are planning to transform Hyderabad into a vibrant nightlife hub, comparable to global cities such as London, New York, and Berlin. With the Metro Rail and Telangana State Road Transport Corporation (TSRTC) services being extended until 2 a.m. within the next seven […]

Why in News? Despite measures such as corporate tax cuts, higher public capital expenditure, and supportive monetary policy, corporate investment in India remains sluggish due to low demand, structural challenges, and limited private sector response. What is Corporate Investment? Corporate investment refers to capital expenditure (Capex) made by private companies to expand production capacity, purchase […]

Why in News? On August 13, 2025, Finance Minister Nirmala Sitharaman presented the IBC Amendment Bill, 2025, in the Lok Sabha, with the key objective of improving efficiency and accelerating processes of the insolvency proposed reforms feature the introduction of digital portals, strengthened IBBI authority, and the decriminalization of select violations to boost transparency and […]

Why in News? Revised Income Tax Bill 2025: Income Tax Bill 2025 marks a landmark shift in the country’s direct tax framework. On August 11, 2025, Finance Minister Nirmala Sitharaman presented a new bill in Parliament to replace the over six-decade-old Income Tax Act of 1961. Relevance : UPSC Pre & Mains Prelims :  Income tax […]