Page-4 of Economy & Banking Current Affairs

US Trade Deficit

March 22, 2025

Recently, the United States continues to grapple with trade deficit. In 2024, the trade deficit exceeded $1 trillion for the fourth consecutive year. The persistent imbalance indicates a reliance on imported goods over domestic manufacturing. This situation has sparked debates ..

Month: 

Category: 

Statistical Business Register

March 22, 2025

The Government of India plans to launch a statistical business register by the end of 2025. This initiative aims to monitor the opening and closing of businesses across the nation. It will provide a framework for the economic census and ..

Month: 

Category: 

Skilled Indian Migrants Shift to Advanced Economies

March 20, 2025

Recent trends indicate shift in the demographics of Indian migrants. According to the Reserve Bank of India’s latest survey, skilled professionals are increasingly moving to advanced economies. This change is reflected in the rising share of remittances from countries like ..

Month: 

Category: 

Euro and Dollar Exchange Rate

March 19, 2025

On November 5, 2024, the euro was valued at 1.0933 US dollars. This exchange rate is crucial as it influences global trade and investment. Following the election of Donald Trump, the euro experienced a decline, reaching 1.0277 dollars by January ..

Month: 

Category: 

India’s Trade Deficit Hits Three-and-a-Half-Year Low

March 18, 2025

Recently, India’s merchandise trade deficit fell to $14.05 billion. This marked the lowest level in over three years. The decline was primarily driven by contraction in both exports and imports. Factors such as decreasing global petroleum prices and economic uncertainty ..

Month: 

Category: 

India-New Zealand FTA Negotiations Resumed

March 17, 2025

India and New Zealand have resumed negotiations for a Free Trade Agreement (FTA) after a decade-long hiatus. This decision marks step towards enhancing bilateral economic ties. The announcement coincided with New Zealand Prime Minister Christopher Luxon’s visit to India. The ..

Month: 

Category: 

RBI Announces ‘on Tap’ Cohort within Regulatory Sandbox

March 15, 2025

RBI Governor Sanjay Malhotra recently outlined plans for a dedicated ‘on Tap’ cohort within the RBI’s Regulatory Sandbox. This initiative aims to encourage innovation in the financial sector related to climate change and sustainability. Regulatory Sandbox and Innovations The RBI’s ..

Month: 

Category: 

RBI Framework for Self-Regulatory Organisations in India

March 15, 2025

Recently, the Reserve Bank of India (RBI) introduced a framework for recognising self-regulatory organisations (SROs) within the account aggregator (AA) ecosystem. This initiative aims to enhance the accountability and governance of non-banking financial companies (NBFCs) engaged in account aggregation. The ..

Month: 

Category: 

Zero-For-Zero Tariffs

March 12, 2025

Recently, India is exploring trade strategies with the United States amidst rising tariff threats. Industry stakeholders advocate for a zero-for-zero tariff approach. This method proposes eliminating tariffs on specific products rather than negotiating a broad trade agreement. Proponents argue this ..

Month: 

Category: 

India’s Energy Strategy

March 11, 2025

Recently, India is enhancing its energy procurement strategy, particularly from the United States. This shift comes amid rising global energy demands and geopolitical tensions. Prime Minister Narendra Modi’s discussions with U.S. President Donald Trump mark commitment to increase oil and ..

Month: 

Category: