Category: Economy

Union Minister for Electronics and IT Ashwini Vaishnaw hailed the upcoming Google AI Hub in Visakhapatnam as a “transformative step” for India’s digital future. Investment Scale: Infrastructure Details: Connectivity Initiative: Subsea Gateway Development: Significance:

Prime Minister Shri Narendra Modi unveiled two major agricultural initiatives — the ‘PM Dhan-Dhaanya Krishi Yojana’ and the ‘Self-Reliance in Pulses Mission (Dalhan Atmanirbharata Mission)’ — at an event held at Pusa, Delhi, on October 11, 2025. Significance:The twin initiatives — PM Dhan-Dhaanya Krishi Yojana and Dalhan Atmanirbharata Mission — mark a major step toward transforming India’s agri-economy, promoting sustainable farming, and empowering farmers through coordinated policy action and investment.

The Reserve Bank of India (RBI) has developed a Unified Markets Interface (UMI), envisioned as a next-generation financial market infrastructure. The UMI aims to revolutionize financial transactions by integrating tokenization, digital settlements, and advanced technologies into India’s financial ecosystem. What is Unified Markets Interface (UMI)? Asset Tokenization: The Core Innovation Integration with Wholesale CBDC New RBI Digital Products Launched Alongside the UMI, the RBI launched four innovative technology products:

Union Finance Minister Nirmala Sitharaman launched the Foreign Currency Settlement System (FCSS) on October 7, 2025, at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). What the FCSS Enables Global Significance Institutional Framework Benefits

The Union Minister of Textiles celebrated World Cotton Day 2025 on October 7 in New Delhi. The event was jointly organized by the Ministry of Textiles and the Confederation of Indian Textile Industry (CITI). The theme for this year’s celebration was “Cotton 2040: Technology, Climate & Competitiveness.” Government’s Vision and Commitments Cotton Productivity: Current Scenario Policy Support About World Cotton Day

Union Minister of Commerce and Industry Piyush Goyal announced that India will soon launch its own digital currency backed by the Reserve Bank of India (RBI). Speaking at a roundtable during his visit to Doha, Qatar, Mr. Goyal said the move aims to make financial transactions faster, safer, and more transparent, while reducing paper use in the economy. Function and Technology The Minister explained that the digital currency will operate Read More …

The Supreme Court of India has agreed to examine a petition challenging the constitutional validity of the Securities Transaction Tax (STT) — a direct tax imposed on transactions in listed securities under the Finance Act, 2004. Petitioner’s Arguments The petitioner, a stock market trader, argued that the STT violates the fundamental rights guaranteed under the Constitution, including the right to equality, the right to trade or earn a livelihood, and Read More …

The Central government on October 3 announced the selection of 100 Aspirational Agriculture Districts under the Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY). The initiative, modeled on the successful Aspirational Districts Programme, seeks to enhance agricultural growth and sustainability across 29 states and Union Territories. Uttar Pradesh Leads with 12 Districts Among the selected districts, Uttar Pradesh tops the list with 12 districts, followed by Maharashtra (9), Madhya Pradesh and Rajasthan Read More …

The Reserve Bank of India (RBI) has constituted the Payments Regulatory Board (PRB), a new six-member body responsible for regulating and supervising all payment and settlement systems in the country. The RBI Governor will serve as the Chairman of the Board. Composition of the Board The newly formed PRB will comprise: Mandate and Functions The Payments Regulatory Board is entrusted with the regulation and supervision of all types of payment Read More …

The Reserve Bank of India (RBI) has officially recognised the Finance Industry Development Council (FIDC) as a Self Regulatory Organisation (SRO) for the Non-Banking Financial Companies (NBFCs) sector, marking a key reform in strengthening self-governance and market discipline within the financial ecosystem. Recognition Under OMNIBUS Framework The RBI had invited applications in June 2024 under its “OMNIBUS Framework” for recognising SROs across regulated sectors. Three letters of interest were received Read More …

Key Highlights Coverage & Strategy Significance Progress & Context Broader Vision

The India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) officially came into effect on October 1, 2025. The agreement was earlier signed on March 10, 2024, in New Delhi with the EFTA member states — Iceland, Liechtenstein, Norway, and Switzerland. A First-of-its-Kind FTA for India TEPA is described as a modern and ambitious trade deal, marking the first time India has incorporated commitments on investment and job Read More …

The Reserve Bank of India (RBI) has announced that the Ways and Means Advances (WMA) limit for the central government will be ₹50,000 crore for the second half of FY 2025-26. What are WMAs? Interest Rates and Overdraft Safeguard Mechanism When 75% of the WMA limit is utilised, the RBI will trigger fresh floatation of Government Securities, ensuring disciplined borrowing and liquidity management.

New Delhi, Sept 24, 2025: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman formally launched the Goods and Services Tax Appellate Tribunal (GSTAT) in New Delhi, marking a key milestone in India’s indirect tax regime and strengthening the institutional framework for dispute resolution under GST. Independent Forum for Tax Disputes Structure and Jurisdiction Significance for GST Regime

Union Petroleum Minister Hardeep Singh Puri has announced that Oil India Ltd has discovered natural gas reserves in the Andaman basin, confirming the long-held belief that the Andaman Sea is rich in hydrocarbons. Discovery Details Policy and Exploration Strategic Importance