Page-7 of Economy & Banking Current Affairs

NCAER Recommends State-Level Fiscal Councils

February 13, 2025

Recent discussions on fiscal governance in India have brought into light the need for independent fiscal councils at the state level. A research paper by the National Council of Applied Economic Research (NCAER) has recommended the establishment of these councils. ..

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NIIF To Raise $2 Billion Private Credit Fund

February 13, 2025

The National Investment and Infrastructure Fund (NIIF) is a government-backed initiative in India aimed at boosting infrastructure investment. Established in 2015, it seeks to attract international capital for various projects in the country. As of 2025, NIIF is planning to ..

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SEBI Launches MITRA Platform

February 13, 2025

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named Mutual Fund Investment Tracing and Retrieval Assistant (MITRA). This initiative aims to assist investors in tracking inactive or unclaimed mutual fund folios. The platform responds ..

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Gross Domestic Knowledge Product (GDKP)

February 12, 2025

Recently, the Government of India revived a proposal to measure the Gross Domestic Knowledge Product (GDKP). This initiative aims to supplement the traditional Gross Domestic Product (GDP) metric. The Ministry of Statistics and Programme Implementation (MoSPI) is leading this effort. ..

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India Establishes European Free Trade Association Desk

February 11, 2025

India is enhancing its trade relations with the European Free Trade Association (EFTA) by establishing a dedicated platform. This initiative follows the signing of the Trade and Economic Partnership Agreement (TEPA) in March 2024. The agreement aims to increase trade ..

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Standing Deposit Facility

February 11, 2025

The Standing Deposit Facility (SDF) is monetary tool introduced by the Reserve Bank of India (RBI) to manage liquidity in the banking system. It was established on April 8, 2022, to absorb excess funds from commercial banks without the need ..

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RBI Introduces Additional Factor Authentication for International Transactions

February 8, 2025

The Reserve Bank of India (RBI) has announced enhancement to the security of online payments. This new measure focuses on cross-border “Card Not Present” (CNP) transactions. The introduction of Additional Factor of Authentication (AFA) aims to ensure that international digital ..

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Negotiated Dealing System-Order Matching (NDS-OM) Platform

February 8, 2025

The Reserve Bank of India (RBI) recently announced policy change. Non-bank brokers registered with the Securities and Exchange Board of India (Sebi) will now have access to the Negotiated Dealing System-Order Matching (NDS-OM) platform. This initiative aims to increase retail ..

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RBI Repo Rate Cut

February 8, 2025

The Reserve Bank of India’s decision to cut the repo rate by 25 basis points to 6.25 per cent marks shift in monetary policy. This is the first reduction in nearly five years. The move is aimed at stimulating economic ..

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Bank.in Domain

February 8, 2025

The Reserve Bank of India (RBI) has introduced the ‘bank.in’ internet domain to address increasing financial fraud cases in the country. This initiative was announced during a recent Monetary Policy Committee meeting led by newly appointed Governor Sanjay Malhotra. The ..

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