Economy Current Affairs
RBI decisions, budget and banking news, indices, GDP figures and economic surveys.
15 updates filed under Economy.
11 August 20261 update
- Economy
Home Minister Amit Shah launches Bank in a Box initiative in Mumbai
Union Home and Cooperation Minister Amit Shah launched the "Bank in a Box" digital platform and a centralized Security Operations Centre (SOC) for Urban Cooperative Banks (UCBs) in Mumbai on Tuesday.
10 August 20261 update
- Economy
Rajya Sabha passes Bankers Books Evidence Bill 2026
The Rajya Sabha passed the Bankers' Books Evidence Bill, 2026, on Monday, introducing updates to legal framework governing bank record evidence in courts.
7 August 20261 update
- Economy
RBI classifies Tata Sons as Upper Layer Non-Banking Financial Company
The Reserve Bank of India (RBI) classified Tata Sons Private Limited as an Upper Layer Non-Banking Financial Company (NBFC-UL) on Friday, placing the holding company under stricter regulatory oversight.
5 August 20262 updates
- Economy
RBI keeps benchmark repo rate unchanged at 5.25 percent
The Reserve Bank of India's Monetary Policy Committee (MPC) voted unanimously on Wednesday to keep the benchmark policy repo rate unchanged at 5.25 percent, maintaining a neutral policy stance.
- Economy
Supreme Court directs RBI to prepare standard rules to combat mule accounts
The Supreme Court of India directed the Reserve Bank of India (RBI) on Wednesday to formulate a Standard Operating Procedure (SOP) for commercial banks to identify and block "mule accounts" used in cyber fraud.
4 August 20262 updates
- Economy
Central government releases ₹1.09 lakh crore additional tax devolution to states
The Central Government announced the release of an additional instalment of tax devolution amounting to ₹1.09 lakh crore to state governments on Tuesday to accelerate developmental and capital expenditure.
- Economy
RBI Monetary Policy Committee decision on interest rates expected tomorrow
The Reserve Bank of India (RBI) is scheduled to announce its Monetary Policy Committee (MPC) decision on interest rates on Wednesday, August 5, concluding its three-day meeting.
3 August 20261 update
- Economy
RBI commences three-day Monetary Policy Committee meeting to review repo rates
The Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) meeting on Monday to review the national economic situation and decide on policy repo rates.
2 August 20261 update
- Economy
Henley Passport Index 2026: India ranks 81st; Singapore holds top position
India secured the 81st rank in the newly released Henley Passport Index for 2026, allowing Indian passport holders visa-free or visa-on-arrival access to 55 destinations globally.
29 July 20265 updates
- Economy
Edelweiss launches India's first REIT-focused index fund; NASA plans mission to sample Saturn's rings
Edelweiss Mutual Fund has launched the Edelweiss Nifty REITs & Realty Index Fund, describing it as India's first passive index fund built around Real Estate Investment Trusts, tracking an index that currently allocates about 60 percent to listed REITs and 40 percent to real estate companies. The…
- Economy
OmniCard rolls out India's first Flexi Benefits wallet on UPI
OmniCard, a payments platform run by Eroute Technologies, has launched what it calls India's first Flexi Benefits Basket on UPI, giving employees a single digital wallet to spend tax-efficiently across categories like meals, fuel, telecom and books.
- Economy
Axis Finance launches 'Drishti' digital lending platform for retail and MSME loans
Axis Finance Limited has launched an in-house digital credit platform called 'Drishti', aimed at speeding up loan decisions across personal loans, business loans, loan-against-property and home loan products.
- Economy
Piyush Goyal announces task force to grow India's toy exports
Commerce and Industry Minister Piyush Goyal announced the formation of a task force to support India's toy manufacturing sector, with the government setting a target of capturing 5 percent of the global toy market by 2032.
- Economy
India to switch to Producer Price Index for GDP calculations, moving away from WPI
The Ministry of Statistics and Programme Implementation has announced plans to use the Producer Price Index as the deflator for quarterly and annual GDP estimates, replacing the Wholesale Price Index wherever applicable, in a methodological shift aimed at bringing India's national accounts closer…
28 July 20261 update
- Economy
Government clears RBI plan to field-test ₹10 and ₹20 polymer notes
The government has approved a Reserve Bank of India proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations, with one billion notes of each denomination to be issued for the trial under Section 25 of the RBI Act, 1934.