Page-2 of Economy & Banking Current Affairs

China’s Dominance on Rare Earth Elements

April 16, 2025

Rare Earth Elements (REEs) are crucial in modern technology and industry. They are vital for manufacturing high-value goods, including defence systems and clean energy technologies. China has dominated the global rare earth market since the 1990s, supplying a staggering 85 ..

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India Launches Global Tariff and Trade Helpdesk

April 12, 2025

The Government of India has recently launched the ‘Global Tariff and Trade Helpdesk’. This initiative aims to assist stakeholders in navigating the complexities of international trade amidst changing tariff landscapes. The Ministry of Commerce and Industry announced this development in ..

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Periodic Labour Force Survey (PLFS) 2023-24

April 11, 2025

The Periodic Labour Force Survey (PLFS) is vital for understanding India’s employment landscape. This survey provides data on key labour force indicators such as the Labour Force Participation Rate (LFPR), Worker Population Ratio (WPR), and Unemployment Rate (UR). The latest ..

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90-Day Pause on Trump’s Tariff Policy

April 11, 2025

On 2 April 2025, US President Donald Trump announced new “reciprocal tariffs,” which he termed “liberation day.” This announcement reverberated through global markets, causing volatility. A 90-day pause on some tariffs was declared on 9 April, leading to a brief ..

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RBI Draft Guidelines on Gold Loans and Co-Lending

April 10, 2025

The Reserve Bank of India (RBI) has introduced comprehensive draft guidelines aimed at regulating gold loans and expanding co-lending arrangements. These changes are designed to harmonise lending practices across financial entities, ensuring greater transparency and risk management in the gold ..

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Amalgamation of RRBs in India

April 8, 2025

The Government of India has announced the amalgamation of several Regional Rural Banks (RRBs), effective from May 1, 2025. This move aims to enhance the efficiency of RRBs and reduce competition among public sector banks. The initiative is part of ..

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What is Stagflation?

April 7, 2025

On April 4, the US Federal Reserve Chair Jerome Powell said he was worried that President Donald Trump’s new “Liberation Day” tariffs might cause stagflation — a mix of high inflation and slow economic growth. This situation poses unique challenges ..

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Impact of Trump’s ‘Liberation Day’ Tariff

April 4, 2025

The global trade landscape has dramatically shifted following the announcement of extensive tariffs by US President Donald Trump in April 2025. This new economic strategy aims to protect American industries and combat trade deficits. The immediate effects were felt in ..

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Chhattisgarh’s First Supercritical Thermal Power Project

April 3, 2025

Chhattisgarh State Power Generation Company Limited (CSPGCL) is advancing its energy capabilities with the establishment of the first supercritical thermal power project (SCTPP) in Korba district. This project is part of an expansion of the existing Hasdeo Thermal Power Station ..

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India’s External Debt Surge

April 1, 2025

In December 2024, India’s external debt reached approximately $718 billion. This marked an increase of 10.7 per cent from the previous year. The surge in debt is attributed mainly to non-financial corporations seeking funds for infrastructure projects. The data shows ..

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