In a significant step towards banking sector reform, the Union government has issued a gazette notification announcing the merger of multiple Regional Rural Banks (RRBs), effective from 1 May 2025. Exercising powers under Section 23A(1) of the Regional Rural Banks Act, 1976, the government has formalised the creation of single RRB entities in several states …
India’s trade equation with the United States is facing a fresh challenge following Washington’s decision to impose a sweeping 26% reciprocal tariff. According to a report by the Global Trade Research Initiative (GTRI), this move could lead to a 6.41% contraction in India’s exports to the US in 2025, equating to a drop of $5.76 …
The Reserve Bank of India (RBI) is poised to further increase its record cash injections into the banking system in order to protect the economy from growing global challenges as mentioned in various news reports. Infusion of ₹4 Trillion in Banking System The RBI is expected to infuse as much as ₹4 trillion ($47 billion) …
On 8 April 2025, Pradhan Mantri MUDRA Yojana (PMMY) completes its 10 years of inception. PM Mudra Yojana (PMMY) aims to fund the unfunded micro enterprises and small businesses without any collateral. Achievements under Pradhan Mantri Mudra Yojana PMMY has sanctioned over 52 crore loans worth ₹32.61 lakh crore, fuelling a nationwide entrepreneurial revolution since …
Union Railways Minister Ashwini Vaishnaw shared the revenue details of Indian Railways for the financial year ending March 31, 2024. The total revenue earned was ₹2,56,093 crore. The total expenditure was ₹2,52,834 crore. This resulted in a net revenue of ₹3,260 crore. Indian Railways is one of the largest rail networks globally. It plays a …
In a move that directly impacts household budgets, the price of cooking gas has been increased by ₹50 per cylinder. The Union Petroleum Minister announced that the hike applies to both general category users and beneficiaries under the Ujjwala Yojana. With this, the price of a standard 14.2-kg LPG cylinder has gone up from ₹803 …
The Securities and Exchange Board of India (SEBI) has introduced a new framework to verify the performance claims made by investment advisors, research analysts, and algorithmic trading platforms. This involves the creation of the Past Risk and Return Verification Agency (PaRRVA), which will be responsible for validating risk-return metrics used in advertisements and communications by …
The Indian government recently announced a ₹2 per litre increase in Special Additional Excise Duty (SAED) on both petrol and diesel, effective from April 8. This move has sparked curiosity and concern among many, especially about whether the retail prices of petrol and diesel will rise. Let’s break it down in simple terms to understand …
Amid widespread social media claims that the retirement age for central government employees has been raised to 62 years, government authorities have confirmed that no such change has been made. The Press Information Bureau (PIB) and Lok Sabha have both reiterated that there is no proposal under consideration to increase the retirement age beyond 60 …
In India, health insurers are now required by regulation to offer mental health coverage on par with physical ailments. This mandate stems from the Mental Healthcare Act, 2017 and the subsequent IRDAI directive in 2018, which made it compulsory for all health insurance providers to include mental health in their policies. However, while the coverage …
