SEBI Launches MITRA Platform

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named Mutual Fund Investment Tracing and Retrieval Assistant (MITRA). This initiative aims to assist investors in tracking inactive or unclaimed mutual fund folios. The platform responds ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Gross Domestic Knowledge Product (GDKP)

Recently, the Government of India revived a proposal to measure the Gross Domestic Knowledge Product (GDKP). This initiative aims to supplement the traditional Gross Domestic Product (GDP) metric. The Ministry of Statistics and Programme Implementation (MoSPI) is leading this effort. ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

India Establishes European Free Trade Association Desk

India is enhancing its trade relations with the European Free Trade Association (EFTA) by establishing a dedicated platform. This initiative follows the signing of the Trade and Economic Partnership Agreement (TEPA) in March 2024. The agreement aims to increase trade ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Standing Deposit Facility

The Standing Deposit Facility (SDF) is monetary tool introduced by the Reserve Bank of India (RBI) to manage liquidity in the banking system. It was established on April 8, 2022, to absorb excess funds from commercial banks without the need ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

RBI Introduces Additional Factor Authentication for International Transactions

The Reserve Bank of India (RBI) has announced enhancement to the security of online payments. This new measure focuses on cross-border “Card Not Present” (CNP) transactions. The introduction of Additional Factor of Authentication (AFA) aims to ensure that international digital ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Negotiated Dealing System-Order Matching (NDS-OM) Platform

The Reserve Bank of India (RBI) recently announced policy change. Non-bank brokers registered with the Securities and Exchange Board of India (Sebi) will now have access to the Negotiated Dealing System-Order Matching (NDS-OM) platform. This initiative aims to increase retail ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

RBI Repo Rate Cut

The Reserve Bank of India’s decision to cut the repo rate by 25 basis points to 6.25 per cent marks shift in monetary policy. This is the first reduction in nearly five years. The move is aimed at stimulating economic ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Bank.in Domain

The Reserve Bank of India (RBI) has introduced the ‘bank.in’ internet domain to address increasing financial fraud cases in the country. This initiative was announced during a recent Monetary Policy Committee meeting led by newly appointed Governor Sanjay Malhotra. The ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

New Income Tax Bill

The New Income Tax Bill has been approved by the Union Cabinet led by Prime Minister Narendra Modi. This bill is set to replace the Income Tax Act of 1961. Its introduction is expected during the upcoming Budget session in ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

RBI’s Monetary Policy and Rate Cut Expectations

The Reserve Bank of India (RBI) is currently navigating a complex economic landscape. Recent analysis suggests that the RBI’s monetary policy committee (MPC) may not deliver the expected surprises in rate cuts. Historically, the RBI has often surprised the market ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs