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Page-2 of Economy & Banking Current Affairs

KKR to Acquire Medicover India in $1.5 Billion Deal

KKR announced definitive agreements on 6 August 2026 to acquire Medicover India, the Indian hospital operations of Swedish healthcare and diagnostic services provider Medicover AB. The transaction is...

August 6, 2026

Andhra Pradesh Targets ₹9.5 Lakh Crore Investment in Visakhapatnam Region

The Andhra Pradesh government has set an investment target of up to ₹9.5 lakh crore for the Visakhapatnam Economic Region (VER). The plan covers eight districts and spans...

August 6, 2026

RBI to Resume Issuing Fresh Licences for Urban Cooperative Banks

The Reserve Bank of India (RBI) announced on 5 August 2026 that it will resume issuing fresh licences for Urban Cooperative Banks (UCBs) after a pause of more...

August 6, 2026

Government Notifies Rules for Cross-Border E-Commerce Exports

The Government of India operationalised rules for inventory-based cross-border e-commerce exports on 5 August 2026 through the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce...

August 6, 2026

Government Auctions Six Coal Blocks in 15th Round

The Ministry of Coal auctioned six coal blocks on 4 August 2026 under the 15th round and a supplementary phase of the 13th round of commercial coal mine...

August 5, 2026

RBI Monetary Policy Keeps Repo at 5.25

The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) held its bi-monthly meeting from 3 August 2026 to 5 August 2026. On 5 August 2026, RBI Governor...

August 5, 2026

Government Proposes MDR on Select UPI Payments

The Union Ministry of Finance proposed amendments to the Payment and Settlement Systems Act, 2007, on 3 August 2026 to reintroduce Merchant Discount Rate on select digital payment...

August 4, 2026

India Targets 874 GW Power Capacity by 2031-32

India’s installed power generation capacity is projected to reach 874 GW by 2031-32. As of 30 June 2026, the total installed capacity stood at 548,858 MW, or about...

August 4, 2026

L&T Wins ₹15,000 Crore ADNOC Contract for Offshore Project

L&T Energy Hydrocarbon Offshore secured an ultra-mega offshore contract from ADNOC Offshore on 4 August 2026. The contract value is over ₹15,000 crore and covers engineering, procurement, construction,...

August 4, 2026

India Achieves Near-Universal Banking Coverage of Inhabited Villages

India achieved near-universal banking coverage of inhabited villages by 3 August 2026, with 99.92% of inhabited villages served by a banking outlet within a 5-km radius. The coverage...

August 4, 2026

OPEC+ Approves 188,000 BPD Oil Output Increase for September

OPEC+ approved a production increase of 188,000 barrels per day for September 2026 during a virtual meeting on 2 August 2026. The decision involved seven core members: Saudi...

August 3, 2026

IRDAI Tightens Approval Rules for Insurer Ownership Changes

The Insurance Regulatory and Development Authority of India (IRDAI) has amended the rules on transfer of shares and ownership changes in insurers under the IRDAI (Registration, Capital Structure,...

August 3, 2026

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