Page-10 of Economy & Banking Current Affairs
India’s Direct Tax Buoyancy Stays Above 1 for Third Year
India’s direct tax buoyancy remained above 1 for the third consecutive financial year, with the figure at 1.39 in 2024–25. Direct tax buoyancy measures the rate of growth...
LIC Gets RBI Approval for ICICI Bank Stake
On 5 September 2026, ICICI Bank stated in a regulatory filing that the Reserve Bank of India had approved the Life Insurance Corporation of India to acquire an...
GIFT IFSC Emerges as International Banking Hub
GIFT City International Financial Services Centre (IFSC) in Gujarat has expanded its banking activity through External Commercial Borrowings, FCNR(B) swap mobilisations, and international bond listings. The International Financial...
MoSPI Clarifies Negative Manufacturing Deflator in GDP Methodology
The Ministry of Statistics and Programme Implementation (MoSPI) released India’s Gross Domestic Product estimates for the first quarter of 2026–27 with real growth of 7.8% under the 2022–23...
IRDAI Proposes Public Insurance Registry
The Insurance Regulatory and Development Authority of India (IRDAI) released a consultation paper on 1 September 2026 for a proposed Public Insurance Registry (PIR). The PIR is planned...
India’s Auto-Component Trade Deficit Reaches $1.4 Billion
India’s auto-component trade balance turned into a 1.4-billion deficit in FY2025–26, with exports of about 24 billion and imports of $25.4 billion. The gap was discussed at the...
Abhinandan Varthaman Joins Goa-based airline FLY91 as Pilot
Abhinandan Varthaman, a former Indian Air Force Group Captain, joined the Goa-based regional airline FLY91 as a commercial pilot in 2026. He retired from military aviation on 31...
India Plans 100 New Airports Under Modified UDAN
India plans to build 100 new airports over the next 10 years under the regional connectivity framework known as UDAN. The expansion is linked to the Modified UDAN...
Japan’s JCRA Upgrades India’s Sovereign Rating to ‘A-’
The Japan Credit Rating Agency (JCR) upgraded India’s foreign currency and local currency long-term issuer ratings to A- from BBB+ on 2 September 2026. JCR also assigned a...
Government Tightens Sugar Stock Limits
The Ministry of Consumer Affairs, Food and Public Distribution reduced the sugar stock holding limit for dealers and traders to 2,000 quintals on 1 September 2026. The earlier...
Government Releases National Accounts Statistics 2026
The Ministry of Statistics and Programme Implementation released the National Accounts Statistics 2026 on 31 August 2026. The publication contains 60 statements based on updated Final Estimates for...
