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THREE KEY LESSONS FROM INDIA’S DEMONETIZATION EXPERIENCE WHY IN THE NEWS ? Historical Context: November 2016 marked the announcement of demonetization, when the government withdrew ₹500 and ₹1,000 currency notes, accounting for nearly 86% of currency in circulation. Policy Reflection: A decade later, the episode offers important lessons regarding policymaking, institutional autonomy and economic formalisation …
Read MoreSUPREME COURT SEEKS STRONGER SAFEGUARDS AGAINST DIGITAL ARREST FRAUDS WHY IN THE NEWS ? Judicial Intervention: The Supreme Court has urged the RBI to introduce stronger safeguards and consider full compensation for digital arrest victims where institutional negligence by financial institutions enables fraud. Growing Concern: The Court highlighted that cybercriminals siphoned off more than ₹800 …
Read MoreRBI MPC DIVIDED OVER SPREADING INFLATIONARY PRESSURES WHY IN NEWS ? The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has revealed differences among members over whether inflation is becoming widespread and persistent. Minutes of its October meeting highlighted concerns over rising consumer prices, future interest rate hikes, and implications for monetary policy and …
Read MoreUPI MERCHANT DISCOUNT RATE: SUPREME COURT SCRUTINY AND THE REGULATION OF DIGITAL PAYMENTS Why in the News? The Supreme Court has questioned the legal basis for introducing a 0.4% Merchant Discount Rate (MDR) on specified high-value UPI Person-to-Merchant transactions. The Court has sought an explanation from the Centre on the legal character of the charge …
Read MoreWORKERS’ 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 …
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