Page-9 of Economy & Banking Current Affairs
US Federal Reserve Raises Rates by 25 Basis Points
The United States Federal Reserve raised its benchmark interest rate by 25 basis points on 16 September 2026. The Federal Open Market Committee voted 12-0 to lift the...
India Cuts Import Duty on Palm and Soybean Oils
India reduced the basic customs duty on several edible oils on 23 September 2026, and the revised rates became effective from 24 September 2026. The changes cover crude...
Mazagon Dock Plans ₹27,000 Crore Raigad Shipbuilding Cluster
Mazagon Dock Shipbuilders Ltd (MDL) announced on 15 September 2026 a plan to invest about ₹27,000 crore in a greenfield shipbuilding cluster at Dighi in Raigad district, Maharashtra....
NPCI Sets 0.4% MDR on UPI Merchant Payments
The National Payments Corporation of India announced a Merchant Discount Rate of 0.4% on Person-to-Merchant Unified Payments Interface transactions above ₹2,000 on 15 September 2026. The revised structure...
Karnataka Sets Up Raisin Processing Unit in Vijayapura
Karnataka has established a raisin processing and cold storage unit at Thoravi village in Vijayapura district under the Karnataka Grape and Wine Board. The facility is funded by...
India, Mercosur Plan Expansion of Trade Pact
India and Mercosur announced plans on 14 September 2026 to begin negotiations for expanding their existing Preferential Trade Agreement (PTA). Mercosur is a South American regional economic bloc...
Government Tightens E-Commerce Rules on Discounts
India’s Department of Consumer Affairs notified the Consumer Protection (E-Commerce) (Amendment) Rules, 2026 on 10 September 2026. The amended rules will replace the Consumer Protection (E-Commerce) Rules, 2020...
Karnataka Approves Aerospace Policy 2026-2031
The Karnataka Cabinet approved the Karnataka Aerospace Policy 2026-2031 on 9 September 2026. The policy covers aerospace, defence, aviation, and space research and development, and it seeks to...
PM Modi Urges Fintech Push Beyond UPI
Prime Minister Narendra Modi inaugurated the seventh edition of the Global Fintech Fest 2026 in Mumbai on 8 September 2026. He called for the Indian fintech sector to...
Piyush Goyal Sets 10-Million Medical Tourism Target
Union Commerce and Industry Minister Piyush Goyal set an annual target of 10 million international medical value tourists for India during the Sanjeevani 2026 expo in New Delhi...
Coastal Local Area Bank Gets Scheduled Bank Status
Coastal Local Area Bank Limited, headquartered in Vijayawada, was included in the Second Schedule to the Reserve Bank of India Act, 1934, and received scheduled bank status. The...
