Current Affairs

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Page-2 of Economy & Banking Current Affairs

India to Lead South Asia Growth Momentum

India is set to remain the primary driver of economic growth in South Asia, according to the World Bank’s latest regional update released in April 2026. While global...

April 9, 2026

India Manufacturing PMI Falls to 45-Month Low

India’s manufacturing activity witnessed a slowdown in March, as reflected in the HSBC India Manufacturing Purchasing Managers’ Index (PMI), which declined to 53.9 from 56.9 in February. Although...

April 5, 2026

RBI Restricts Non-Deliverable Derivative Contracts in Rupee

The Reserve Bank of India (RBI) has recently directed banks to refrain from engaging in non-deliverable derivative (NDD) contracts in the Indian rupee. The move aims to strengthen...

April 3, 2026

IRDAI Introduces Ind AS for Insurance Sector

The Insurance Regulatory and Development Authority of India (IRDAI) has recently introduced Indian Accounting Standards (Ind AS) for the insurance sector, marking a significant reform in financial reporting...

April 1, 2026

Government Plans EPFO, ESIC Inclusion for Informal Workers

The Union government is considering a major policy shift to extend social security coverage to unorganised sector workers by bringing them under the Employees’ Provident Fund Organisation (EPFO)...

March 30, 2026

RBI Vision 2028 Focuses on Bank Account Portability

The Reserve Bank of India has unveiled its Payments Vision 2028 with a strong emphasis on improving user convenience and flexibility in the banking system. A key proposal...

March 30, 2026

RBI Payments Vision 2028 Targets Safer Digital Ecosystem

The Reserve Bank of India (RBI) has unveiled its ‘Payments Vision 2028’, outlining a comprehensive roadmap to transform India’s digital payments ecosystem over the next three years. The...

March 27, 2026

HDFC Bank Chairman Atanu Chakraborty Resigns

Atanu Chakraborty has resigned as the part-time chairman and independent director of HDFC Bank with immediate effect, citing ethical concerns. In his resignation letter, he stated that certain...

March 19, 2026

India Eases FDI Norms for Firms with 10% Chinese Stake

The Government of India has relaxed foreign direct investment (FDI) rules to allow overseas companies with up to 10 per cent Chinese shareholding to invest in India through...

March 17, 2026

India Revises GDP Base Year to 2022–23

The Ministry of Statistics and Programme Implementation (MoSPI) has revised the base year of India’s Gross Domestic Product (GDP) from 2011–12 to 2022–23. The updated GDP series was...

March 17, 2026

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