Category: Economy

The Reserve Bank of India (RBI) released the sixth round of India’s remittances survey on March 19, 2025, revealing significant shifts in the sources of remittances. Changing Trends in Inward Remittances Why the Shift? Employment Differences: Top Remittance-Receiving States (Source: Business Line)

The Insurance Regulatory and Development Authority of India (IRDAI) has granted the first reinsurance licence to a private player, Valueattics Reinsurance, backed by Prem Watsa and Kamesh Goyal. Key Highlights What is Reinsurance? (Source: Business Standard)

The Reserve Bank of India (RBI) has been recognized with the Digital Transformation Award 2025 by Central Banking, London, for its innovative digital initiatives—Pravaah and Sarthi. The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI’s internal and external processes. Sarthi (Launched: January 2023) Pravaah (Launched: May 2024) (Source: News On Air)

Union Finance Minister Nirmala Sitharaman on March 10 tabled the Budget for financial year 2025-26 (FY26) for the state of Manipur with a total expenditure of ₹35,104 crore, up 7.5 per cent from the revised estimates of FY25.

The Reserve Bank of India (RBI) will set up a dedicated ‘on Tap’ cohort on climate change risks and sustainable finance under its regulatory sandbox initiative. Thematic Cohorts and the ‘On Tap’ Cohort (Source: Business Standard)

The Union Finance Ministry has notified Zero Coupon Bond (ZCB) for Power Finance Corporation. The company can raise up to ₹10,000 crore. Key Highlights: What is a Zero Coupon Bond (ZCB)? What is a Bond? (Source: Business Line)

RBI invites applications for a Self-Regulatory Organisation (SRO) to oversee the Account Aggregator (AA) ecosystem. What is the Account Aggregator (AA) Framework? Regulatory Oversight: Regulated by multiple entities: (Source: Financial Express)

India Inc’s annual corporate social responsibility (CSR) spending saw a 13 per cent rise in 2022-23. More than half of this expenditure was directed towards education and healthcare, Harsh Malhotra, Minister of State for Corporate Affairs, informed the Lok Sabha in a written reply. Trends in CSR Expenditure: This consistent increase in CSR spending highlights corporates’ growing commitment to nation-building through social investments. Legal Framework for CSR in India: CSR Read More …

On March 11, 2025, a Memorandum of Understanding (MoU) was signed between National Highways Logistics Management Limited (NHLML) and the Inland Waterways Authority of India (IWAI) to develop a state-of-the-art Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. Key Highlights of the MMLP in Varanasi: (Source: DD India)

On March 6, Union Finance Minister Nirmala Sitharaman launched the New Credit Assessment Model for MSMEs at a post-Budget interaction in Visakhapatnam. This initiative, announced in the Union Budget 2024-25, marks a strategic shift for public sector banks (PSBs): (Source: Business Standard)

Despite being the largest producer and exporter of spices, India holds only 0.7% share in the global seasoning market—a market valued at $14 billion in 2024—compared to China’s 12% and the U.S.A.’s 11%, according to Ramkumar Menon, chairman of the World Spice Organisation (WSO). Key Points (Sources: The Hindu & WSO)

The Department of Food & Public Distribution (GoI) has notified a new scheme to support Cooperative Sugar Mills (CSMs) under a modified Ethanol Interest Subvention Scheme. Here are the key points: (Source: PIB)

Prime Minister Narendra Modi on 6 March announced creation of a ₹1 lakh crore Urban Challenge Fund, focusing on governance, infrastructure, and financial sustainability given that country’s urban population is projected to reach approximately 90 crore by 2047.