NATIONAL AFFAIRS Republic Day 2026 Preparations India is set to celebrate the 77th Republic Day on 26 January 2026, commemorating the adoption of the Indian Constitution on 26.01.1950. Grand Republic Day parade scheduled in New Delhi showcasing defence equipment, cultural tableaux, and marching contingents. Ursula von der Leyen (President, European Commission) and António Costa (Prime…
NATIONAL AFFAIRS — INDIA IMF Revises India’s FY26 GDP Growth Forecast The International Monetary Fund (IMF) raised India’s economic growth forecast for Fiscal Year 2026 to 7.3%, up from earlier estimates. This revision reflects stronger macro-economic performance and resilient domestic demand. The IMF projects slower growth to 6.4% in subsequent years due to moderating drivers….
Banking, Finance & Economy IDFC FIRST Bank signed a Memorandum of Understanding (MoU) with FPSB India as an Approved Corporate Partner — aiming to upskill its wealth-management and private banking staff through professional certification programs and strengthen financial-planning services. The interlinkage process between India’s digital payment infrastructure (NPCI / UPI) and the European real-time payment…
1. According to RBI’s latest “State of the Economy” report, what phase is India expected to enter soon? A. High-inflation cycleB. Virtuous investment cycleC. Recessionary cycleD. Fiscal contraction cycle✔ Answer: B. Virtuous investment cycle 2. Which factor prompted the RBI to intervene in the forex market on 24 November 2025? A. High commodity importsB. Rupee…
National Developments The Reserve Bank of India (RBI) in its November 2025 “State of the Economy” report stated that India is poised to enter a virtuous investment-cycle, driven by increasing investment flows, stronger productivity and resilient growth, despite global headwinds. The RBI also issued a cautionary note that global financial markets are showing ‘heightened exuberance’,…
1. Banking, Finance & Economy The Reserve Bank of India (RBI) announced the initiation of the realisation phase of inter-linking India’s payment system Unified Payments Interface (UPI) with the euro-zone’s instant settlement system TARGET Instant Payment Settlement (TIPS), operated by the European Central Bank (ECB). The move is expected to enable seamless, real-time cross-border remittances…
National Affairs The Banking Laws (Amendment) Act, 2025 provisions relating to nominations in bank deposit accounts and safe custody items came into effect from 1 November 2025. Depositors can now nominate up to four individuals for their bank accounts and safety-lockers. New financial rule-changes effective November 2025 include : changes in bank website domain names,…
1. India – Economic & Financial News India’s foreign exchange reserves rose by approximately US $4.496 billion in the week ending 17 October 2025, taking the total to about US $702.28 billion. The rise was largely driven by a sharp increase in gold holdings (up by over US $6 billion), while foreign currency assets (FCAs)…
1. National News The Reserve Bank of India (RBI) intervened assertively in the foreign-exchange market, selling dollars to support the rupee. This has boosted the rupee to its strongest weekly performance in nearly four months. Indian bond markets remained stable; the 10-year benchmark yield closed lower amid expectation of easier monetary policy ahead. The government…
A. National News (India) PM Modi to attend Quad Leaders’ Summit and address UNGA Prime Minister of India to visit USA from 21-23 September 2025. He will participate in the 4th Quad Leaders’ Summit in Wilmington, Delaware. Also to address the United Nations General Assembly (UNGA) during this visit. RBI directives on banking charges reduction…
