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WORKERS’ REMITTANCES CROSS $100 BILLION IN FY26 Why in the News? Record Milestone: Workers’ remittances to India crossed $100 billion for the first time, reaching $110.47 billion in FY26. BoP Support: Strong remittance inflows helped India record a Balance of Payments (BoP) surplus of $7.22 billion in Q4 FY26 despite weak FDI and FPI inflows. …
Read MoreRBI Holds Rates Amid Growth And Inflation Risks Why in the News ? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25% while lowering India’s GDP growth forecast for FY 2026-27 and raising inflation projections due to global uncertainties, supply disruptions affecting agri-food exports, …
Read MorePolymer Banknotes, RBI Printing Presses and CBDC: India’s Currency Modernisation Push The Reserve Bank of India is reportedly considering the introduction of polymer banknotes in India. Polymer banknotes, often called “plastic notes”, are made from a special plastic substrate instead of the traditional cotton-based paper used in Indian currency. Though the idea is not new, …
Read MoreGovernment Launches Portal For Unclaimed Financial Assets Why in the News ? The Department of Financial Services (DFS) has launched a Common Landing Portal for Unclaimed Financial Assets to help citizens easily locate and claim unclaimed deposits, insurance proceeds, shares, dividends, and mutual fund investments through a single digital platform, reflecting principles of environmental democracy …
Read MoreSHOULD RBI DEFEND RUPEE, OR LET IT FIND ITS OWN LEVEL Why in the News? The Indian rupee has witnessed a sharp depreciation against the US dollar, triggering concerns about the stability of the Indian economy. Policymakers are debating whether the Reserve Bank of India should actively defend the rupee or allow market forces to …
Read MoreRBI ESTABLISHES SECOND SECURE DATA CENTRE IN ODISHA Why in the News? Infrastructure Expansion: Reserve Bank of India (RBI) has operationalised its second high-security data centre in Bhubaneswar, Odisha. Strategic Location: Facility is positioned away from cross-border threat zones and high seismic-risk areas to ensure operational resilience. STRATEGIC SIGNIFICANCE OF THE NEW DATA CENTRE Critical …
Read MoreRBI ISSUES DRAFT REVISED GUIDELINES FOR LEAD BANK SCHEME Why in the News? Draft Circular: Reserve Bank of India (RBI) released draft revised guidelines for the Lead Bank Scheme (LBS) seeking public comments. Institutional Reform: The revision aims to strengthen coordination mechanisms under the State Level Bankers’ Committee (SLBC) OBJECTIVES OF REVISED LEAD BANK SCHEME …
Read MoreIMF RAISES INDIA GROWTH FORECAST Why in the News? Growth upgrade: International Monetary Fund raised India’s 2025 growth forecast by 0.7 percentage points to 7.3%, citing strong recent performance. Outlook update: The revision was announced in the World Economic Outlook Update, reflecting robust fourth-quarter momentum. Global context: India continues to be highlighted as a key …
Read MoreRBI’s Liquidity Push Masks Deeper Banking Stress Syllabus: GS Paper – 3 Banking Sector & NBFCs, Statutory Bodies, Monetary Policy, Growth & Development Why in the News? The Reserve Bank of India (RBI) has announced large-scale liquidity infusion measures, including Open Market Operations (OMOs) and dollar-rupee swap auctions, despite system liquidity being in surplus. This …
Read MoreRBI Issues 244 Consolidated Master Directions Today Why in the News ? The Reserve Bank of India (RBI) has released 244 consolidated Master Directions, replacing nearly 9,446 circulars issued over decades. This aims to reduce the compliance burden on Regulated Entities (REs) and streamline regulatory instructions using a “continuous flow” approach. Key Features of RBI’s …
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