Page-2 of Economy & Banking Current Affairs
Centre Forms High-Level Committee on Banking Reforms
On 30 October 2026, the Centre constituted the High-Level Committee on Banking for “Viksit Bharat” to review India’s banking sector and recommend structural, institutional, regulatory and legislative reforms....
GST Council Recommends 5% Rate for E-commerce Delivery Services
At its 57th meeting on 8 October 2026, the GST Council recommended a 5% Goods and Services Tax (GST) rate without input tax credit (ITC) on delivery services...
Tamil Nadu Cabinet Clears Incentives for Eight Industrial Projects
On 29 October 2026, the Tamil Nadu Cabinet, chaired by Chief Minister C. Joseph Vijay, approved incentives for eight industrial projects involving ₹3,767 crore and projected to create...
Christine Lagarde Resigns Early as ECB President
Christine Lagarde announced on 29 October 2026 that she would resign as President of the European Central Bank (ECB), with effect from 7 February 2027. Her eight-year term...
HD Hyundai Backs Proposed Thoothukudi Shipyard
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the shipbuilding arm of HD Hyundai, has reiterated its intent to be a strategic investor in a proposed greenfield shipyard...
Centre Raises DA and DR by 3% from 1 July
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a 3 percentage-point increase in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners...
NPPA Revises Prices of 543 Anti-Cancer Medicine Brands
The National Pharmaceutical Pricing Authority (NPPA), under the Ministry of Chemicals and Fertilisers, revised the Maximum Retail Prices (MRPs) of 543 anti-cancer medicine brands on 28 October 2026....
US Federal Reserve Holds Interest Rates Steady
On 28 October 2026, the Federal Open Market Committee (FOMC) voted 10–2 to keep the federal funds rate target range at 3.75%–4%. The decision followed a 0.25-percentage-point increase...
CBIC Sets GST Registration Timelines and Deemed Approval Rules
The Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 257/03/2026-GST on 26 October 2026. It sets out timelines and procedures for GST registration, including deemed...
India and Mexico Launch PTA Negotiations
India and Mexico formally launched negotiations for a Preferential Trade Agreement (PTA) after signing the Terms of Reference (ToR) in Mexico City on 26 October 2026. The signing...
PhonePe Launches Tatkal NPS Account Opening
PhonePe launched Tatkal NPS on its platform on 27 October 2026, enabling users to open a National Pension System (NPS) account digitally with an initial contribution of ₹250....
