economy

India’s Financial Sector Reforms: Key Developments and Challenges

Context: For years, the government and regulators have attempted incremental reform in banking, financial services, and insurance (BFSI), yet systemic frictions persist. Reforms Introduced by the Government and Regulators in the BFSI Sector Unified KYC and UBO Norms India, as...

New Development Bank (NDB), Members and Significance

Context: Algeria becomes the 9th Member of the New Development Bank (NDB). About New Development Bank (NDB) The New Development Bank (NDB), popularly referred to as the BRICS Bank, is a multilateral financial institution established by the BRICS nations—Brazil, Russia,...

Adjusted Gross Revenue (AGR), Components and Financial Impact

Context: The Supreme Court (SC) rejected pleas by telecom majors Bharti Airtel, Vodafone Idea and Tata Teleservices for relief in the payments of their adjusted gross revenue (AGR) liabilities. What is Meant by Adjusted Gross Revenue (AGR)? Adjusted Gross Revenue...

Syndicated Lending: Meaning, Process, Benefits, and Its Importance in Global Finance

A recent incident in the Indian financial industry saw a private NBFC raise USD 425 million and EUR 40 million through a syndicated loan. This puts the focus back on the subject of Syndicated Lending—a critical tool for raising money...

Index of 8 Core Sector Industries and its Components

Context: Production in India’s eight core infrastructure sectors remained largely dampened by the impact of a slowdown in state spending on public works. Index of 8 Core Sector Industries For April 2025 The provisional combined Index of Eight Core Industries...

Reserve Bank of India’s Digital Lending Guidelines 2025

Context: The Reserve Bank of India issued consolidated ‘digital lending directions’ with two new sets of instructions. More in News Covers lending service providers (LSPs) working with regulated entities (REs). Operationalises a Public Directory of Digital Lending Apps (DLAs). What...

CPI Inflation Rates (Retail Inflation), Components, Significance and Concerns

Context: India’s retail inflation declined to a near six-year low of 3.16% in April from 3.34% in March, according to data released by the National Statistics Office (NSO). What Is CPI Inflation? The consumer price index measures “changes over time...

India’s Manufacturing Sector, Growth, Challenges, and Opportunities

Context: The innovation-driven, high-tech manufacturing, fueled by R&D and advanced skills, and current high tariffs demand a manufacturing reset, requiring policies that directly confront the challenges. India's Manufacturing Sector Growth and Performance: Insights from ASI 2022-23 Impressive Sectoral Growth Manufacturing...

List of Digital Banking Units (DBUs) in India, Background and RBI Guidelines

Context: More than two years since the introduction of Digital Banking Units (DBUs), lenders have made little to no progress in expanding these units across the country. What are Digital Banking Units (DBUs)? A Digital Banking Unit is a specialised...

Fiscal Health Index (FHI) 2025 Report, Check Top10 Best Performing States

Context: NITI Aayog’s inaugural Fiscal Health Index report 2025 was released by the Chairman of the 16th Finance Commission, Dr. Arvind Panagariya. About Fiscal Health Index (FHI) Fiscal Health Index (FHI) aims to evaluate the fiscal health of Indian States...