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Page-5 of Economy & Banking Current Affairs

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

India Approves One Chinese FDI Proposal Under Screening Process

India approved one Chinese Foreign Direct Investment proposal worth ₹1 crore during financial year 2025-26, while 13 proposals from Hong Kong were cleared for ₹610.42 crore in the...

August 3, 2026

Centre Releases ₹1.09 Lakh Crore Tax Devolution

The Union government released an additional ₹1,09,019 crore to state governments as tax devolution on 1 August 2026. The transfer was made before the regular monthly tax devolution...

August 1, 2026

Indian Railways Approves Danapur–Fatuha Multitracking Project

Indian Railways approved a ₹976 crore multitracking project for the 29 km Danapur–Fatuha section of the East Central Railway in Bihar on 1 August 2026. The project covers...

August 1, 2026

APEDA Facilitates First Air Shipment of Karnataka Mangoes to Maldives

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the first-ever air shipment of Neelam and Totapuri mangoes from Karnataka to the Maldives on 30 July...

July 31, 2026

India Launches Sovereign-Backed Maritime Liability Insurance

India launched its first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP) on 30 July 2026. The product was issued by The...

July 31, 2026

India Exports Bihar Makhana to Canada

India exported 7 metric tonnes of value-added flavoured Makhana from Darbhanga in Bihar to Canada on 29 July 2026. The shipment moved through Mundra Port in two containers...

July 31, 2026

Brookfield Launches $600 Million Renewable Energy Platform in India

Brookfield launched a renewable energy platform named Lumara in India on 30 July 2026. The platform will deploy about $600 million for solar, wind, and battery storage projects,...

July 30, 2026

IRDAI Approves Patanjali’s Acquisition of Magma General Insurance

The Insurance Regulatory and Development Authority of India (IRDAI) approved the acquisition of Magma General Insurance by Patanjali Ayurved and the DS Group on 28 July 2026. The...

July 30, 2026

Electronics Development Fund Investments

The Electronics Development Fund (EDF) is a Fund of Funds set up by the Ministry of Electronics and Information Technology (MeitY) to support venture capital funds that invest...

July 30, 2026

Vizag Port Handles 50.87% of Marine Exports in 2025

Visakhapatnam Port, also known as Vizag Port, handled 50.87% of India’s total marine product exports in FY 2024-25. The port accounted for 48.89% of India’s marine product exports...

July 30, 2026

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