Page-10 of Economy & Banking Current Affairs
FCRA NGOs Halve as Foreign Contributions Rise
The number of active non-governmental organisations registered under the Foreign Contribution (Regulation) Act, or FCRA, fell from 29,022 in 2015 to 14,466 on 18 September 2026. Foreign contributions...
Odisha Plans 870-Acre Silicon Valley Hub in Cuttack
Odisha has announced an 870-acre “Odisha Silicon Valley” project at Naraj near Cuttack for semiconductor, electronics, and information technology industries. The plan was announced during SEMICON India 2026...
Indian Railways Approves Chouk-Karjat Railway Doubling
Indian Railways approved the doubling of the 10.86-km Chouk-Karjat railway section in Maharashtra on 18 September 2026. The project has an approved cost of ₹497 crore and falls...
Lam Research to Set Up Silicon Component Facility in India
Lam Research announced on 16 September 2026 an investment of about ₹10,000 crore, or around US$1.04 billion, in India over several years. The plan covers the company’s first...
Fujifilm to Invest ₹800 Crore in Semiconductor Materials Facility
Fujifilm has announced a greenfield semiconductor materials manufacturing facility in India with a total investment of about ₹800 crore, or around USD 83 million. The project will be...
India Clears Import Quota for 642 UK Cars
India’s Directorate General of Foreign Trade (DGFT) approved applications from seven companies to import 642 cars from Britain on 16 September 2026. The allocation was made under the...
US Federal Reserve Raises Rates by 25 Basis Points
The United States Federal Reserve raised its benchmark interest rate by 25 basis points on 16 September 2026. The Federal Open Market Committee voted 12-0 to lift the...
India Cuts Import Duty on Palm and Soybean Oils
India reduced the basic customs duty on several edible oils on 23 September 2026, and the revised rates became effective from 24 September 2026. The changes cover crude...
Mazagon Dock Plans ₹27,000 Crore Raigad Shipbuilding Cluster
Mazagon Dock Shipbuilders Ltd (MDL) announced on 15 September 2026 a plan to invest about ₹27,000 crore in a greenfield shipbuilding cluster at Dighi in Raigad district, Maharashtra....
NPCI Sets 0.4% MDR on UPI Merchant Payments
The National Payments Corporation of India announced a Merchant Discount Rate of 0.4% on Person-to-Merchant Unified Payments Interface transactions above ₹2,000 on 15 September 2026. The revised structure...
Karnataka Sets Up Raisin Processing Unit in Vijayapura
Karnataka has established a raisin processing and cold storage unit at Thoravi village in Vijayapura district under the Karnataka Grape and Wine Board. The facility is funded by...
