Q1. Which institution signed an MoU with the Government of NCT of Delhi to manage its banking and public debt operations effective January 2026? A. State Bank of IndiaB. Ministry of FinanceC. Reserve Bank of IndiaD. NITI Aayog Answer: C. Reserve Bank of India Q2. The RBI–Delhi MoU primarily aims to improve which of the…
National Affairs (India) Union Government Approves Revised Green Hydrogen Mission Targets The National Green Hydrogen Mission target has been revised to 7 million metric tonnes per annum by 2030, up from the earlier 5 MMT target. Total outlay under the mission now stands at ₹23,500 crore. The mission aims to reduce carbon emissions by nearly…
National Affairs Union Cabinet Approvals The Union Cabinet approved the National Digital Payments Expansion Programme 2026, aimed at increasing UPI penetration in Tier-3, Tier-4 cities and rural India. Target: 10 billion monthly digital transactions by December 2026. Nodal Ministry: Ministry of Finance in coordination with NPCI. India’s Fiscal Deficit Update India’s fiscal deficit for April–November…
National Affairs 1. Union Government Pushes Fiscal Discipline Ahead of Union Budget 2026 The Union Ministry of Finance reaffirmed commitment to fiscal consolidation with a medium-term target to reduce the fiscal deficit below 4.5% of GDP by FY 2026–27. Capital expenditure allocation for infrastructure is expected to remain above ₹11 lakh crore, focusing on railways,…
National Affairs (India) Union Government Reviews Economic Performance of FY 2025 India’s GDP growth for FY 2024–25 projected at 7.1%, driven by manufacturing, infrastructure spending, and domestic consumption. Gross Tax Revenue crossed ₹34.8 lakh crore, reflecting improved GST and direct tax compliance. Fiscal deficit contained at 5.6% of GDP, aligning with medium-term fiscal consolidation targets….
National Affairs (India) Union Government Reviews Fiscal Consolidation Roadmap The Ministry of Finance reaffirmed its commitment to reduce the fiscal deficit to below 4.5% of GDP by FY 2026. Gross tax revenue collection for FY 2025–26 (till November 2025) crossed ₹21.4 lakh crore, reflecting steady growth in GST and direct taxes. Capital expenditure focus remains…
National Affairs (India) The Government of India approved the National Digital Agriculture Mission (NDAM) Expansion Phase with an additional outlay of ₹9,800 crore, aiming to onboard 6 crore farmers onto AI-based advisory platforms by 2027. The Ministry of Road Transport and Highways inaugurated 12 new National Highway stretches across Uttar Pradesh, Madhya Pradesh, and Maharashtra,…
National Current Affairs 1. Government of India Launches National Digital Credit Framework The Union Government unveiled a comprehensive National Digital Credit Framework to improve credit access for MSMEs, small traders, and self-employed individuals. The framework integrates GST data, bank transaction history, UPI usage, and digital footprints for faster loan approvals. Objective: Strengthen formal credit penetration…
📝 (MCQs with Answers) 1. Who has been appointed as the new Executive Director of the Reserve Bank of India (RBI) effective 1 December 2025? A. Dr. Michael PatraB. CA Usha JanakiramanC. M. Rajeshwar RaoD. R. Lakshmi PriyaAnswer: B. CA Usha Janakiraman 2. The IMF has reclassified India’s exchange-rate regime to which of the following…
National Affairs The Government of India approved an expanded Digital Agriculture Mission to integrate AI-based crop forecasting, unified farm-data registries, and remote-sensing analytics for Kharif 2026. The Ministry of Power launched the National Pump Efficiency Upgrade Scheme to replace old agricultural pumps with high-efficiency smart pumps under a blended finance model. India conducted a nationwide…
