Page-9 of Economy & Banking Current Affairs

RBI Conducts $5 Billion Dollar-Rupee Swap Auction

February 1, 2025

The Reserve Bank of India (RBI) recently executed a dollar-rupee buy/sell swap transaction worth $5 billion. This operation is designed to inject liquidity into the Indian financial system. It was conducted amid ongoing liquidity deficits and concerns about global market ..

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The Rise of Card Tokenisation in India

January 31, 2025

Card tokenisation has rapidly transformed the digital payment landscape in India. As of December 2024, over 91 crore tokens have been issued, facilitating more than 320 crore transactions valued at nearly ₹11 lakh crore. This growth puts stress on the ..

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SEBI Implements New Guidelines for Market Infrastructure Institutions

January 31, 2025

The Securities and Exchange Board of India (SEBI) recently introduced guidelines aimed at enhancing the evaluation of statutory committees within Market Infrastructure Institutions (MIIs). This decision comes in response to the need for improved transparency and accountability in the functioning ..

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India-Middle East-Europe Economic Corridor Developments

January 31, 2025

The India-Middle East-Europe Economic Corridor (IMEEC) is gaining momentum with recent initiatives by RITES. This project aims to enhance trade and connectivity between India and the Middle East, and further into Europe. RITES is now focusing on creating a digital ..

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Household Consumption Expenditure Survey (HCES) 2023-24

January 31, 2025

The Household Consumption Expenditure Survey (HCES) for 2023-24 reveals critical vital information about India’s economic landscape. The survey indicates shifts in spending patterns across rural and urban areas. These changes reflect broader economic transformations and evolving societal priorities. Growth in ..

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Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24

January 30, 2025

The Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 reveals growth in India’s unincorporated non-agricultural sector. Released by the Ministry of Statistics and Programme Implementation (MoSPI) on 24 December 2024, the survey emphasises the sector’s crucial role in employment ..

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India and Oman CEPA and DTAA

January 29, 2025

India and Oman are advancing their economic collaboration by expediting discussions for a Comprehensive Economic Partnership Agreement (CEPA). This development comes as the two nations aim to strengthen trade relations. Recent Developments During a visit by India’s Commerce and Industry ..

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CRED Launches Beta E-Rupee Wallet

January 29, 2025

Recently, CRED became the first fintech company to launch a beta version of its e-rupee wallet, enabling transactions using India’s central bank digital currency (CBDC). This initiative follows the Reserve Bank of India’s (RBI) proposal to broaden access to CBDC-Retail, ..

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UPI’s Dominance in India’s Digital Payment Landscape

January 28, 2025

The United Payments Interface (UPI) has fundamentally transformed India’s digital payment landscape. By the end of 2024, UPI accounted for 83% of the total payment volume in India. This is increase from 34% in 2019. Growth Metrics of UPI The ..

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RBI’s Liquidity Measures

January 28, 2025

The Reserve Bank of India (RBI) has recently intensified its efforts to enhance liquidity in the banking system. This initiative comes in response to liquidity deficit, which has been exacerbated by tax outflows and constrained government spending. The central bank’s ..

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