Current Affairs

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Page-3 of Economy & Banking Current Affairs

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

RBI’s Financial Stability Report

The Indian economy continues to showcase resilience despite global uncertainties. According to the Reserve Bank of India’s Financial Stability Report, sound macroeconomic fundamentals and prudent policies underpin this...

July 2, 2025

Canada Scraps Digital Services Tax

Canada announced the withdrawal of its Digital Services Tax (DST) just before its implementation. This decision came after pressure from the United States, particularly from President Donald Trump....

July 2, 2025

2025 World Investment Report

The 2025 World Investment Report marks challenges in the global investment landscape. It reveals that foreign direct investment (FDI) is not reaching the nations and sectors that require...

June 28, 2025

Sagarmala Finance Corporation

India has recently launched the Sagarmala Finance Corporation Limited (SMFCL), marking advancement in the maritime sector. This initiative aims to strengthen the financial framework supporting maritime infrastructure development....

June 27, 2025

Corporate Wilful Defaulters in India

The issue of wilful default in India has escalated , with 2,664 corporates identified as defaulters by the Reserve Bank of India (RBI) as of March 2024. These...

June 27, 2025

Recent Decline in Global Oil Prices

Oil prices dropped by 9% due to stabilising geopolitical tensions and assurances of uninterrupted oil supply. The Brent crude benchmark fell to $67.44 per barrel. This shift is...

June 26, 2025

RBI’s Rate Cuts

The Reserve Bank of India (RBI) made monetary policy changes in June 2025, surprising many economists. The RBI cut the repo rate by 50 basis points and the...

June 26, 2025

RBI Eases Priority Sector Lending Norms for SFBs

The Reserve Bank of India (RBI) has recently relaxed the priority sector lending (PSL) norms for small finance banks (SFBs). This change reduces the PSL target from 75%...

June 26, 2025

India’s First Household Income Survey

In 2026, the Ministry of Statistics and Programme Implementation (MoSPI) will conduct India’s first comprehensive Household Income Survey. This initiative aims to provide a clearer picture of household...

June 24, 2025

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