The Revised Income Tax Bill, 2025 introduces key reforms to simplify tax compliance and enhance transparency. Union Finance Minister Nirmala Sitharaman has withdrawn the old draft and introduced a revised version in Parliament, aiming to modernize India’s tax framework. Why Was the Earlier Bill Withdrawn? Structure and Key Features of the New Bill Major Select … Read more
In a significant move to address India’s housing shortage while promoting sustainability, the International Finance Corporation (IFC) partners with HDFC Capital Advisors to introduce a $1 billion fund dedicated to green affordable housing. The H-DREAM Fund, backed by IFC with a $150 million investment, aims to revolutionize urban housing development in India. The H-DREAM Fund: … Read more
India’s Unified Payments Interface (UPI) achieves a groundbreaking milestone with 707 million daily transactions, showcasing the country’s digital payments revolution and reinforcing its global leadership in real-time payments. The Rise of UPI Transactions Government’s Ambitious Goal UPI’s Dominance in India and Worldwide Mass Adoption and Everyday Usage Key Takeaways for Competitive Exams:
The 56th Monetary Policy Committee (MPC) meeting, chaired by Shri Sanjay Malhotra, Governor of RBI, took place from August 4–6, 2025. The repo rate remains steady at 5.50%, with GDP growth projected at 6.5% and inflation at 3.1% for FY26. Overview of RBI Monetary Policy Statement Key Decisions: Growth Outlook Global Scenario: Domestic Economy: GDP … Read more
In a significant development for India’s cooperative banking sector, the Reserve Bank of India (RBI) has greenlit the merger of New India Co-operative Bank with Saraswat Bank, the country’s largest urban cooperative bank. The merger will be effective from August 4, 2025. Key Details of the Merger Approval Process Impact on Customers Significance of the … Read more
In a significant development, PNB Housing Finance has made crucial changes to its leadership team following the resignation of MD & CEO Girsh Kousgi. The company has appointed Jatul Anand as Executive Director and Valli Sekar as Chief Business Officer. Leadership Appointments These appointments are aimed at ensuring business continuity and advancing the company’s strategic … Read more
The India Post Payments Bank (IPPB) has introduced Aadhaar-based face authentication nationwide, enabling customers to perform banking transactions using facial recognition without fingerprints or OTPs. This move by IPPB revolutionizes digital banking security and inclusivity. How Face Authentication Works Benefits for Vulnerable Groups Security and Inclusivity at Scale Transforming India’s Digital Banking Ecosystem Key Takeaways … Read more
The Reserve Bank of India (RBI) has relaxed investment rules for banks and non-banking financial companies (NBFCs) in Alternative Investment Funds (AIFs), increasing the overall exposure cap to 20% and exempting equity investments from strict provisioning norms starting January 1, 2026. Overview: RBI has eased investment regulations for banks and NBFCs in Alternative Investment Funds, … Read more
Discover the alarming rise in unclaimed bank deposits in India, reaching a staggering ₹67,003 crore as of June 30, 2025. Learn about the key initiatives like the RBI’s UDGAM portal and the Bima Sakhi Yojana addressing this financial challenge. The Scale of Unclaimed Deposits Top Banks with Highest Unclaimed Deposits RBI’s Measures: UDGAM Portal Government’s … Read more
In May 2025, India witnessed a staggering 98% decline in net Foreign Direct Investment (FDI) inflows, dropping to $35 million, as per the RBI’s report. This sharp decrease was primarily driven by increased repatriation and reduced gross inflows, reflecting the volatile nature of global capital flows. Despite this concerning trend, India’s substantial foreign exchange reserves … Read more
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