CURRENT AFFAIRS DESTINATION FOR UPSC & STATE CIVIL SERVICES EXAMINATIONS
On the principle of “One State, One RRB”, the Department of Financial Services (DFS), Ministry of Finance consolidated 26 Regional Rural Banks (RRBs) across 11 States/UTs. Unified Brand Identity Significance of the Logo Symbolism in the Logo Colour Scheme and Meaning
Why in News Key Amendments The Bill amends: Major Provisions 100% FDI in Insurance Stronger Policyholder Protection Reforms for Insurance Intermediaries Reinsurance Reforms Greater Autonomy to LIC Significance
The first Board meeting of the National Makhana Board was held today at Krishi Bhawan, New Delhi, under the chairmanship of the Secretary, Department of Agriculture & Farmers Welfare. Review of Action Plans and Budget Allocation During the meeting, the Board: Establishment of National Makhana Board Official Launch by Prime Minister Central Sector Scheme for Development of Makhana To support the Board’s objectives, the Government has approved a Central Sector Read More …
The World Inequality Lab unveiled its third flagship World Inequality Report 2026, drawing on research from over 200 global scholars. The report exposes deepening income, wealth, and emissions gaps, with India facing extreme concentration at the top amid modest average earnings. India’s Inequality Snapshot Global Wealth Extremes Gender Pay Gaps Persist Climate Emissions Linked to Wealth
On 12 December, the Cabinet Committee on Economic Affairs (CCEA) approved the Policy for Auction of Coal Linkage for Seamless, Efficient & Transparent Utilisation (CoalSETU). A new window—“CoalSETU window”—will be added to the Non-Regulated Sector (NRS) Linkage Policy, 2016. New CoalSETU Window Coking Coal Excluded Flexibility for Companies Existing NRS Linkage Policy Will Continue Benefits and Rationale Promotes Transparency & Efficiency Boost to Coal Washing Supports Exports Part of Coal Read More …
India’s banking sector has reached its most stable phase in 20 years, with major improvements in credit quality. Profitability Records Strong Growth Growth in Banking Activity and Capital Strength Reforms and Future Focus Source: PIB
According to reports, Adani Group and Hindalco Industries are exploring investment opportunities in Peru’s copper sector, either through: This aligns with India’s broader policy push to secure critical mineral supply chains by encouraging state-owned and private firms to invest overseas. Peru: A Global Copper Powerhouse Peru is also negotiating a Comprehensive Free Trade Agreement (FTA) with India, and is seeking fresh investment as part of its outreach strategy. Why India Read More …
The IMF report (June 2025) titled “Growing Retail Digital Payments: The Value of Interoperability” recognized Unified Payments Interface (UPI) as the world’s largest retail fast-payment system (FPS) by transaction volume. UPI Dominates Global Real-Time Payments Government & RBI Push for Small Merchant Adoption To help small-scale merchants adopt digital payments (including UPI), multiple initiatives have been launched by the: Key Initiatives Supporting Digital Payments Major measures include: Expansion of Digital Read More …
On 6 December 2025, Prime Minister Narendra Modi, speaking at the 23rd Hindustan Times Leadership Summit, condemned efforts to link India’s historical economic slowdown with Hindu faith, calling the “Hindu rate of growth” term a deliberate attempt to malign the Hindu way of life.
The Securities and Exchange Board of India (SEBI) has granted in-principle approval for the registration of Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust (InvIT) under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The move is expected to unlock the monetisation potential of India’s national highway assets while offering a long-term investment avenue, especially for retail and domestic investors. As part of securing final registration, RIIT must fulfil Read More …
RBI Governor Sanjay Malhotra on 5 December said India is experiencing a “rare goldilocks period” marked by high growth and exceptionally low inflation. Strong Growth & Lower Inflation Enabled Rate Cut Revised Economic Projections GDP Growth Outlook Inflation Outlook Inflation Hits Record Low “Rare Goldilocks Period” for India Source: AIR
The Reserve Bank of India (RBI) has retained State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in its latest 2025 list. Source: TH
Assam-based Numaligarh Refinery Limited (NRL) has been accorded Navratna status, following approval from the Union Finance Minister. It becomes the 27th Navratna CPSE in India.
The Enforcement Directorate’s adjudicating authority has issued show cause notices to: Kerala Chief Minister Pinarayi Vijayan, Former Finance Minister Thomas Isaac, and Former IAS officer Dr. K. M. Abraham, in connection with alleged FEMA violations linked to the Masala Bonds issued by the Kerala Infrastructure Investment Fund Board (KIIFB). Background of Masala Bonds: KIIFB’s Bond Issuance: Larger Debate: Off-Budget Borrowing: Understanding Masala Bonds: Source: TH, IE & Others
The Union Ministry of Statistics & Programme Implementation (MoSPI) compiles several macroeconomic indicators, including: Global Indices for Reforms and Growth (GIRG) Initiative Role of NITI Aayog and Nodal Ministries Source: PIB