Page-2 of Economy & Banking Current Affairs
Paradip Port Sets Single-Day Coal Loading Record
The Mechanised Coal Handling Plant (MCHP) of the Paradip Port Authority (PPA) loaded 1,40,022 metric tonnes of coal on 10 October 2026. The coal was loaded onto two...
World Bank Considers $100 Billion Crisis Financing
On 11 October 2026, World Bank President Ajay Banga said the institution was discussing potential emergency financial assistance with 30 to 40 countries. The World Bank could mobilise...
India Targets 604 Million Tonnes of Steel Capacity by 2047
The Ministry of Steel has released a draft National Steel Policy Vision 2047, which proposes raising India’s crude steel capacity to 604 million tonnes per year by 2047....
PM Modi Launches Tamil Nadu Projects Worth Over ₹13,000 Crore
On 11 October 2026, Prime Minister Narendra Modi inaugurated projects and laid foundation stones for development works worth over ₹13,000 crore across Tamil Nadu at an event at...
India Probes Chinese Penicillin G Imports for Dumping
On 28 September 2026, India’s Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, initiated an anti-dumping investigation into imports of Penicillin G (Pen-G)...
RBI Raises Daily CRR Maintenance Requirement to 99%
The Reserve Bank of India (RBI) raised the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for scheduled banks from 90% to 99% of the prescribed CRR. The...
Bharat Spice Map to Match Spice Production with Industry Demand
The Spices Board India and the ICAR-Indian Institute of Spices Research (IISR) held a national seminar in Kochi, Kerala, on 9 October 2026 to discuss the proposed Bharat...
Government Approves Cancer Medicine Trade-Margin Cap
On 8 October 2026, the National Pharmaceutical Pricing Authority (NPPA) approved in principle a 30% trade-margin cap, based on the Maximum Retail Price (MRP), for identified non-scheduled anti-cancer...
RBI Hikes Repo Rate by 25 Basis Points to 5.50%
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50% on 7 October 2026. The Monetary Policy Committee, chaired by Governor Sanjay Malhotra,...
Cabinet Approves Integrated Transport and Logistics Authority
The Union Cabinet approved the establishment of the Integrated Transport and Logistics Authority (ITLA) on 6 October 2026. The authority will function as a Special Purpose Vehicle (SPV)...
Centre Plans Faceless GST Assessment
The Finance Ministry plans to introduce a faceless Goods and Services Tax (GST) assessment system for taxpayers under central formations. The pilot is expected to begin within three...
