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CURRENT AFFAIRS

India's economy accelerates as inflation declines and exports rise

India's economy is experiencing robust growth, characterized by reduced inflation and unprecedented export levels, providing relief to families and bolstering the country's standing in global trade

Cabinet Approves ₹6,520 crore for PM Kisan Sampada Yojana

The Union Cabinet raised the budget allocation for the flagship scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) by Rs 1,920 crore, raising the total to Rs 6,520 crore to enhance the food processing industry

White Paper regarding the Blue Economy

The white paper, “Transforming India’s Blue Economy,” outlines a strategic plan to harness the potential of India's extensive marine resources as a key factor in national growth by 2035

The Banking Regulations (Modification) Act, 2025

The Banking Laws (Amendment) Act, 2025 will take effect on 1st August 2025, implementing changes to bank governance, audit clarity, depositor safety, and cooperative bank oversight

National Stock Exchange of India (NSE): exceeded 23 million unique trading accounts

The National Stock Exchange (NSE) exceeded 23 crore unique trading accounts in July 2025, only three months after hitting 22 crores

The President of the U.S. declared a 25% tax on imports from India

The U.S. President declared a 25% tariff on imports from India starting August 1, 2025, referring to elevated trade barriers and India's ongoing energy and defense relations with Russia

The IMF has updated India’s growth prediction to 6.4%.

The International Monetary Fund (IMF) has raised India’s growth projection to 6.4% for both FY2025–26 and FY2026–27, maintaining India’s status as the fastest-growing major economy globally in its July 2025 World Economic Outlook Update

RBI Limits Banks and NBFCs' Investment to 20% of AIF Scheme Corpus

The Reserve Bank of India (RBI) has published updated regulations limiting investments by Regulated Entities (REs) in Alternative Investment Fund (AIF) schemes

India’s insurance industry expected to exceed twice its size by 2030: IBAI-McKinsey report

A collaborative report from the Insurance Brokers Association of India (IBAI) and McKinsey & Company indicated that India's insurance sector is expected to grow by 123% by 2030 — rising from ₹11.2 lakh crore in 2024

Research on GST Impact on Indian Families

Examining India’s Goods and Services Tax (GST) system through the 2022–23 Household Consumption Expenditure Survey (HCES) has shown that the lowest 50% of consumers experience the same GST burden as the middle 30%, which prompts significant inquiries regarding the tax system’s fairness and progressivity

Latest News

Comprehensive catalog of Ayurveda Aahara Products

July Declaration: commemorating one year since the student-led revolt that removed Prime Minister Sheikh Hasina

Framework Agreement: efforts made by the Government of India and competing Naga factions

Operation Akhal: collaborative counter-terrorism mission in Kulgam district of Jammu and Kashmir

POSH and Political Organizations

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