Current Affairs

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Page-2 of Economy & Banking Current Affairs

Coal Ministry Permits Insurance Surety Bonds for Coal Blocks

The Ministry of Coal has permitted entities allocated coal blocks to use insurance surety bonds in place of performance bank guarantees for performance surety obligations. The change applies...

July 3, 2026

NIIF Gets Additional ₹30,000 Crore Government Investment

The Union Cabinet approved an additional ₹30,000 crore investment by the Government of India into the National Investment and Infrastructure Fund (NIIF) on 29 June 2026. The fresh...

June 30, 2026

Go East Initiative for Industrial Growth in Odisha

Odisha Chief Minister Mohan Charan Majhi announced the “Go East” initiative on 27 June 2026 at the CII Eastern Region Council meeting in Bhubaneswar. “Go East” stands for...

June 29, 2026

India Launches Hub-and-Spoke Aviation Model

India launched a hub-and-spoke aviation model on 25 June 2026 to improve international air connectivity from Tier-2 and Tier-3 cities. The first service under this framework began from...

June 26, 2026

RBI Proposes Wider Access to Indian Money Markets

The Reserve Bank of India issued draft proposals on 25 June 2026 to widen participation in India’s term money market. The draft framework covers non-banking financial companies, including...

June 26, 2026

India Targets 100 GW Pumped Storage Capacity

India is targeting 100 gigawatts of pumped storage hydropower capacity by the financial year 2035-36. The Central Electricity Authority under the Ministry of Power has prepared a national...

June 25, 2026

RBI Retains ₹1 Lakh Crore Threshold for NBFC Upper Layer

The Reserve Bank of India retained the ₹1 lakh crore asset-size threshold for classifying Non-Banking Financial Companies into the Upper Layer, or NBFC-UL, under its scale-based regulation framework....

June 25, 2026

RBI Governor Calls Rate Hike Talk Premature

Reserve Bank of India Governor Sanjay Malhotra said on 24 June 2026 that discussion on interest rate hikes was premature. The statement came after the Reserve Bank of...

June 24, 2026

NAFED, NCCF to Procure Pulses and Oilseeds Directly

On 23 June 2026, the Union Cooperation Minister directed the National Agricultural Cooperative Marketing Federation (NAFED) and the National Cooperative Consumers’ Federation (NCCF) to procure pulses and oilseeds...

June 24, 2026

India’s First Private Gold Mine Begins Commercial Operations

The Jonnagiri Gold Mine in Tuggali mandal of Kurnool district, Andhra Pradesh, began commercial operations on 24 June 2026. It is operated by Geomysore Services India Pvt Ltd...

June 24, 2026

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