Current Affairs

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Page-2 of Economy & Banking Current Affairs

GST Overhaul Discussions

The Union Home Minister of India, Amit Shah, has recently taken charge of initiating talks with all stakeholders to expedite reforms in the Goods and Services Tax (GST)...

July 15, 2025

OPEC Revises Global Oil Demand Forecast

OPEC has lowered its global oil demand forecasts for the next four years due to slower economic growth in China. Despite this, the organisation raised its long-term outlook,...

July 11, 2025

Bulgaria to Join Eurozone as 21st Member

On 8 July 2025, EU finance ministers approved Bulgaria’s adoption of the euro from 1 January 2026. This will make Bulgaria the 21st country to join the eurozone....

July 11, 2025

India’s Invisible Trade Surpasses Merchandise Exports

India’s foreign trade has undergone transformation in recent years. Traditionally known for exporting physical goods, India now derives greater value from intangible exports. Services, remittances and other invisible...

July 8, 2025

Natural Gas Pipeline Tariff Regulations

India’s energy sector witnessed a major regulatory update in 2025. The Petroleum and Natural Gas Regulatory Board (PNGRB) approved the Second Amendment to the Natural Gas Pipeline Tariff...

July 7, 2025

SEBI Bars Jane Street

The Securities and Exchange Board of India (SEBI) recently barred Jane Street, a US-based proprietary trading firm, for manipulative trading in the Indian derivatives market. The firm allegedly...

July 7, 2025

Made in China 2025

The recent recall of Chinese engineers from Foxconn’s iPhone factories in India marks tensions in global manufacturing shifts. Apple’s move to boost production in India aligns with the...

July 5, 2025

India Plans Retaliatory Tariffs Against US Auto Duties

India has announced plans to impose retaliatory tariffs on selected US products following the United States’ decision to increase import duties on Indian automobiles and auto parts. The...

July 5, 2025

RBI Asks Banks to Adopt FRI

The Reserve Bank of India (RBI) issued an advisory for all banks to adopt the Financial Fraud Risk Indicator (FRI) developed by the Department of Telecommunications (DoT). This...

July 3, 2025

The Rising Debt Crisis in Developing Countries

The fourth International Conference on Financing for Development recently commenced in Seville, Spain. This event marks the growing debt crisis faced by developing nations. Since 2010, sovereign debt...

July 2, 2025

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