Category: Economy

In a move aimed at shielding the domestic steel industry from a surge in cheap imports, the Government of India has imposed a 12% provisional safeguard duty on five categories of steel products, including hot rolled coils, sheets, and plates. The duty will remain in effect for 200 days.

The Reserve Bank of India (RBI) on 21 April released the final rules on computation of liquidity coverage ratio (LCR), giving banks a breather as they are seen as less stringent than what was proposed earlier. What is Liquidity Coverage Ratio? Key Change: Run-Off Factor Reduced Why Focus on Digital Deposits? Why It Matters

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal flagged off cruise operations from the Mumbai International Cruise Terminal (MICT) in Mumbai.

On April 17, 2025, Union Finance Minister Nirmala Sitharaman commended the Bombay Stock Exchange (BSE) for its remarkable technological strides and its enduring role in shaping India’s economic landscape. The remarks came during a grand celebration marking the 150th anniversary of the BSE, the oldest stock exchange in Asia. About BSE

Government e Marketplace (GeM), an e-marketplace for public procurement, sets yet another milestone in services delivery in the FY 24-25. Apart from facilitating hiring of 1 million manpower resources in FY 24-25, GeM has successfully facilitated insurance of more than 1.3 crore individuals covering Health, Life and Personal Accident Insurance policies Insurance Services category About Government e-Marketplace (GeM) Strategic Initiatives Driving Impact: Initiative Focus Area SWAYATT Promotes inclusion of Startups, Read More …

Launched on April 8, 2015, by Prime Minister Narendra Modi, the Pradhan Mantri MUDRA Yojana (PMMY) has completed a decade of transformative support to India’s small and micro-entrepreneurs. Objective: “Funding the Unfunded” 10-Year Achievements (as of April 2025): Loan Categories: Category Loan Range Focus Shishu Up to ₹50,000 Early-stage/start-ups Kishor ₹50,001 to ₹5 lakh Growing businesses Tarun ₹5 lakh to ₹10 lakh Established small businesses 🔸New: Tarun Plus ₹10 lakh Read More …

The Union Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the World Economic Forum (WEF), has launched the India Skills Accelerator—a national public-private platform aimed at strengthening India’s skilling ecosystem in the face of rapid technological and economic changes. Objective: To address critical skill gaps—identified by 65% of organizations as a major barrier—through inclusive and systemic reform in skilling strategies. Key Goals of the Accelerator: (Source: PIB)

The Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, and India Post Payments Bank (IPPB), operating under the Department of Posts, have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the “Niveshak Didi” initiative. Key Highlights

The Union finance ministry has announced the fourth round of Regional Rural Banks (RRBs) consolidation, reducing the total number from 43 to 28 through the merger of 15 RRBs across 11 states. The initiative aims to improve operational efficiency, cost rationalisation, and financial strength, and aligns with the “One State, One RRB” policy. Key Highlights: Example – Bihar: Structure & Ownership: Current RRB Network (as of March 31, 2024): Background: Read More …

The Tamil Nadu state government has established a Moringa (drumstick) Export Facilitation Centre in Madurai. Key Highlights (Source: BL)

On April 2, 2025 the US President Donald Trump announced reciprocal tariffs on imports from about 90 nations that are above a 10% across-the-board tax applied to all imports to the U.S. Key Highlights India-US Trade (Source: TH)

In FY25, central public sector enterprises (CPSEs) procured goods and services worth Rs 77,525 crore, up 3.7% from Rs 74,728 crore in FY24. Policy Targets and Sub-Targets (Source: FE)