Business, Economy & Banking Current Affairs MCQs

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The RBI has allowed financiers on TReDS (Trade Receivables Discounting System) platforms to access government-backed credit guarantee cover for financed invoices. TReDS is an RBI-regulated electronic platform that helps MSMEs obtain working capital by discounting invoices through competitive bidding. It provides collateral-free and non-recourse financing, improving liquidity for MSMEs and reducing default risk. Registration on TReDS is mandatory for Central Public Sector Enterprises (CPSEs) and corporate buyers with an annual turnover above ₹250 crore.

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The Union Cabinet approved an additional ₹30,000 crore investment in the National Investment and Infrastructure Fund (NIIF). NIIF is a Government of India-backed fund created to enhance infrastructure financing in the country.
It is India’s first sovereign wealth fund (SWF). NIIF was registered with SEBI as a Category II Alternative Investment Fund (AIF) in 2015. It serves as a collaborative investment platform for Indian and international investors. NIIF invests in infrastructure, private equity, and other diversified sectors, including greenfield, brownfield, and stalled projects.

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The Employees’ Provident Fund Organisation (EPFO) has recently completed a nationwide database consolidation under the CITES project. The Centralised IT-Enabled System (CITES) is a major digital modernization initiative of EPFO. It replaces a decentralised, fragmented legacy system with a centralised national database and automated processing system. The project is managed by EPFO under the Ministry of Labour and Employment. It has been developed by the Centre for Development of Advanced Computing (C-DAC). CITES aims to allow any EPFO office in India to process any member’s request, removing dependency on regional offices.

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The Reserve Bank of India implemented the revamped Integrated Ombudsman Scheme on July 2, 2026. The new scheme replaces the 2021 Integrated Ombudsman Scheme for resolving customer complaints against banks, select NBFCs, PPI issuers, and credit information companies. It follows the “One Nation, One Ombudsman” approach, allowing complaints to be handled regardless of the customer’s or institution’s location. The scheme provides a free, faster, and non-adversarial mechanism for resolving service-related complaints.

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The Employees’ Provident Fund Organisation (EPFO) has launched the Amnesty Scheme, 2026 to provide a one-time opportunity for establishments operating exempted Provident Fund (PF) Trusts to regularise their status under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. The scheme, introduced by the Ministry of Labour and Employment, will remain open for six months from 29 June 2026. The scheme provides relief by waiving certain eligibility conditions, allowing retrospective regularisation, and withdrawing pending assessments related to PF dues, damages, and interest, subject to prescribed conditions.

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Bloomberg introduced the first electronic trade in Indian Government Bonds (IGBs) through its terminal by directly connecting with the Negotiated Dealing System–Order Matching (NDS-OM) platform. NDS-OM was launched by the Reserve Bank of India (RBI) for secondary market trading of government securities. It is a screen-based electronic anonymous order matching system owned by RBI that improves transparency in bond transactions. Membership is available to banks, primary dealers, insurance companies, mutual funds, and other eligible entities. The platform allows trading in central and state government securities and treasury bills through direct bids/offers and Request for Quote (RFQ) facility.

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National Bank for Agriculture and Rural Development (NABARD) launched Gramodyam, a rural entrepreneurship development programme, on its 45th Foundation Day. The programme is implemented in collaboration with the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship (MSDE). Gramodyam aims to identify, train, mentor, and support aspiring rural entrepreneurs by providing industry-relevant skills, entrepreneurship training, credit facilitation, market linkages, and mentoring. It seeks to promote sustainable rural enterprises, employment generation, and inclusive economic growth.

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Employees’ Provident Fund Organisation (EPFO) launched VISHWAS, 2026, a one-time dispute resolution scheme. It aims to settle disputes related to damages/penalties under the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952 and the Code on Social Security, 2020.
The scheme came into effect on 29 June 2026 and will remain operational for six months. It covers pending cases under appeal, recovery cases, cases with pending orders, and cases where notices are yet to be issued.

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The Internet and Mobile Association of India (IAMAI) recently launched the E-Commerce Council of India (ECCI). It is the first national platform dedicated to strengthening and unifying India’s digital commerce ecosystem. The ECCI aims to bring together policymakers, e-commerce platforms, brands, retailers, logistics providers, technology firms, payment providers, startups, MSMEs, exporters, industry experts, and academic institutions. It promotes collaboration between industry and government for the growth of digital commerce.

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EnKash, India’s leading business payments and spend management platform, has launched UPI-based payments on its Meal Card. Employees can now pay directly from their meal card balance by scanning eligible UPI QR codes. The facility can be used at food and grocery merchants. EnKash has become the first company in India to enable UPI payments directly from a meal benefit balance. The feature extends EnKash’s Prepaid Payment Instrument (PPI) ecosystem.