1. National News & Government / Policy Updates RBI cancels Registration Certificate of Datta Finance and Trading (NBFC) The Reserve Bank of India has revoked the Certificate of Registration (CoR) of Datta Finance and Trading Private Limited, a non-banking financial company, citing irregularities in its lending practices. The company is now prohibited from carrying on…
1. National News Borrowing Plan & Fiscal Deficit The Government of India has decided to keep its market borrowing plan unchanged for the second half of FY26 (October 2025 to March 2026). Total borrowings for FY26 are set at ₹14.82 lakh crore, with ₹6.8 lakh crore earmarked for H2. Fiscal deficit target remains at 4.4%…
Key National Events DBS Bank India authorised to collect GST payments Reserve Bank of India (RBI) has granted authorisation to DBS Bank India (a wholly-owned subsidiary of DBS) to act as an Agency Bank for Goods & Services Tax (GST) payments. DBS Bank India becomes the first wholly-owned foreign subsidiary to get this authority. Businesses…
Hindi Diwas 2025: Celebrating India’s Official Language Hindi Diwas is celebrated on 14th September every year to commemorate the adoption of Hindi in Devanagari script as the official language of India The date marks the historic moment when the Constituent Assembly adopted Hindi as the official language on 14th September 1949 under Article 343 of…
National Affairs President Droupadi Murmu has given her assent to the Promotion and Regulation of Online Gaming Bill 2025, aimed at encouraging electronic sports while prohibiting harmful online money gaming services The bill was introduced by Railway Minister Ashwini Vaishnaw in Lok Sabha on August 20, 2025, and passed by both houses without debate Offering…
National News ISRO Achievements and Space Mission Updates ISRO successfully conducted first Integrated Air Drop Test (IADT-01) for Gaganyaan mission parachute system demonstration Test involved coordination between ISRO, Indian Air Force, DRDO, Indian Navy, and Indian Coast Guard Gaganyaan uncrewed test mission planned for December 2025 with humanoid robot Vyommitra First crewed spaceflight expected in…
National Current Affairs – 24.08.2025 Banking and Financial Sector Updates The Banking Laws (Amendment) Act, 2025 came into effect from August 1st, introducing significant reforms to improve governance standards in the banking sector Key changes include redefining “substantial interest” threshold from ₹5 lakh to ₹2 crore, a limit that remained unchanged since 1968 Maximum tenure…
National News Updates Banking and Financial Sector Developments New Banking Laws Amendment Act 2025 Implementation: Major banking reforms came into effect from August 1, 2025, introducing 19 amendments across five key legislations including RBI Act 1934, Banking Regulation Act 1949, and others to strengthen governance and protect depositors RBI Monetary Policy Committee Meeting Results: The…
National News: Key Headlines Prime Minister Narendra Modi inaugurated two major highway projects in Delhi—Dwarka Expressway and Urban Extension Road-II—worth nearly ₹11,000 crore to ease traffic congestion in NCR. Maharashtra Governor CP Radhakrishnan was declared the NDA’s nominee for the post of Vice-President of India. Uttar Pradesh launched its first green hydrogen plant, becoming the…
National News Government Policy and Economic Developments Prime Minister Modi Announces Major Employment Scheme – PM Modi launched the Pradhan Mantri Viksit Bharat Rozgar Yojana with a budget of ₹1 lakh crore from Red Fort on Independence Day. The scheme will provide ₹15,000 incentives to first-time EPFO-registered employees in private sector and create 3.5 crore…
