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25 articles found · Current affairs archive

Economy & Finance2026-08-23

Collections Under RBI Special Foreign-Currency Swap Scheme Exceed $72.8 Billion

Crosses $72.8 billion foreign currency inflows as commercial banks accelerate utilization of RBI special swap facility.

#RBI#Dollar-Swap#Forex-Reserves

International Relations2026-08-20

India Signs 2 MoUs with Palestine for 200-Bed Hospital and Skill Centre

India signs two MoUs with Palestine to construct a 200-bed super-speciality hospital and a vocational training centre.

#India-Palestine#West-Bank#Foreign-Policy

Economy & Finance2026-08-20

Rajasthan Police Identify 80,000 Mule Accounts in Major Cybercrime Crackdown

Uncovers widespread utilization of fraudulent bank accounts belonging to students and workers for cyber fraud laundering.

#mule-accounts

#I4C

#cybercrime

Economy & Finance2026-08-19

Top Indian Private Banks Cut Over 10,000 Jobs as AI Reshapes Hiring

Reduced workforce by over 10,000 positions in FY26 driven by operational automation and AI-led efficiencies.

#banking-sector#job-cuts#artificial-intelligence

Economy & Finance2026-08-16

ITAT Rules Bank Deposits Not Automatically Taxable Under Section 44AD

Clarifies that total bank deposits cannot be treated as undisclosed income under presumptive tax provisions.

#Income-Tax-Act#Section-44AD#Presumptive-Taxation

Economy & Finance2026-08-10

ED Chargesheets Against RCom & Reliance Infra in ₹40,000 Crore Bank Fraud

Enforcement Directorate files chargesheets against Reliance Communications and Reliance Infrastructure in massive ₹40,000 crore bank fraud case — names senior executives including Gautam Doshi.

#RCom-RINFRA-fraud#PMLA#bank-fraud

Constitution & Law2026-08-04

Supreme Court Directs ED to Release TMC's Frozen Bank Funds for Daily Operations

SC orders Enforcement Directorate to unfreeze Trinamool Congress party funds for routine operational expenses while Calcutta High Court reviews legality of the account freezing.

#ED-TMC#PMLA#frozen-accounts

Politics & Governance2026-08-04

BJP Loses Bankipur Bastion to Jan Suraaj Party; Prashant Kishor Defeats Nitin Nabin's Seat

Jan Suraaj Party founder Prashant Kishor defeats BJP in Bankipur (Bihar) bypoll—vacated by BJP chief Nitin Nabin—signaling major political realignment in traditional BJP stronghold.

#Bankipur-bypoll#Jan-Suraaj-Party#Prashant-Kishor

International Relations2026-07-28

Nirav Modi Deportation Pending Legal Proceedings Conclusion; MEA Confirms Status

MEA states Nirav Modi will be deported to India once all legal proceedings in UK conclude, maintaining India's extradition efforts against fugitive diamantaire.

#Nirav-Modi#extradition#PNB-fraud

Economy & Finance2026-07-28

RBI Approves Polymer Currency Trials for Rs 10, Rs 20 Notes; No Immediate Replacement of Paper Currency Planned

Reserve Bank of India authorized field trials of polymer banknotes for lower denominations; will print 1 billion each of Rs 10 and Rs 20 notes to test durability, security, and public acceptance without retiring paper currency.

#polymer-currency#RBI-decision#monetary-policy

Defence & Security2026-07-28

Data Breach Exposes Bank of Baroda Customer Information; Cybersecurity Firm Links Attack to TripleX Group

Alleged cybersecurity breach at Bank of Baroda exposes customer Aadhaar and account details; cybersecurity researcher attributes data to TripleX cybercrime group specializing in data extortion.

#cybersecurity#data-breach#Bank-of-Baroda

Economy & Finance2026-07-27

RBI approves field trials of polymer banknotes for ₹10, ₹20 denominations

Reserve Bank of India, acting on Central Board recommendation, greenlit pilot trials of polymer currency notes for ₹10 and ₹20 denominations with 1 billion notes each, moving toward eventual paper currency replacement.

#polymer-banknotes#RBI#currency-trials

Schemes & Policies2026-07-23

Maharashtra Launches Farmer Loan Waiver Scheme: First 500 Beneficiaries Announced

Maharashtra government begins rollout of comprehensive Farmer Loan Waiver Scheme; first 500 beneficiary lists published at gram panchayat and bank branch levels.

#Maharashtra-farmer-loan-waiver#agricultural-debt-relief#rural-welfare-scheme

Environment & Climate2026-07-19

Flash Floods Hit J&K's Rajouri: Hundreds Evacuated Amid Heavy Rainfall

Overnight torrential rain triggers flash floods in Rajouri district, submerging vehicles, breaching river banks, forcing mass evacuation and rescue operations.

#flash floods#Rajouri#J&K

Politics & Governance2026-07-09

ED Freezes Rs 440 Crore TMC Bank Deposits Under PMLA

Enforcement Directorate froze Rs 440 crore in Trinamool Congress accounts allegedly used for illegal aircraft purchases via shell company.

#PMLA#money-laundering#political-funding

Politics & Governance2026-07-08

ED Raids Trinamool Congress Bank Accounts for Alleged Fund Misappropriation

Enforcement Directorate conducted searches at five premises of All India Trinamool Congress investigating alleged dishonest financial dealings and unlawful collection of money routed through party bank accounts.

#ED#Political Finance#PMLA

Schemes & Policies2026-07-06

Amit Shah Launches Ministry of Cooperation Projects: Grain Storage and Digital Banking

Union Home Minister launches 47 grain storage godowns, core banking platform, and Sahakar Sahyogi AI platform marking Ministry of Cooperation's five-year completion.

#cooperatives#agricultural infrastructure#digital banking

Economy & Finance2026-07-01

RBI Opens Bank Lending for M&A Under New Acquisition Finance Framework

RBI's new acquisition finance framework effective July 1 integrates M&A funding into regulated banking sector, replacing non-bank dominance.

#RBI#Banking regulation#M&A financing

Awards & Appointments2026-06-30

HDFC Bank appoints former Chief Election Commissioner Rajiv Kumar

Ex-CEC Rajiv Kumar becomes HDFC Bank head, ending months-long search after previous MD's resignation citing ethics concerns.

#HDFC Bank#Corporate Governance#CEC Appointment

Constitution & Law2026-06-24

London Court Orders Nirav Modi to Pay Rs 100 Crore to Bank of India

London High Court holds fugitive diamantaire Nirav Modi liable for £10.7 million personal guarantee default on Bank of India loan.

#nirav-modi#financial-crime#bank-of-india

Schemes & Policies2026-06-24

RBI directs banks to provide health insurance for construction workers

Delhi cabinet approves comprehensive health insurance scheme for construction workers covering cashless care, preventive checkups, and family coverage up to ₹10 lakh.

#Health-Insurance#Construction-Workers#Social-Security

Economy & Finance2026-06-23

CBI Arrests Two Former Reliance ADAG CEOs for ₹7,623 Crore Banking Fraud

CBI apprehends former heads of Reliance ADAG companies for causing ₹7,623 crore losses to banks through fraudulent and improper loan approvals.

#ADAG fraud#banking scam#CBI investigation

Constitution & Law2026-06-22

RTI Activist Barred by AP Information Commission; Record ₹62.42 Crore Bank Fraud CBI Case Filed

Andhra Pradesh Information Commission dismisses 39 RTI appeals citing misuse; parallels rise in financial crimes with ₹62.42 crore bank fraud CBI registration.

#RTI Act#Information Commission#Financial Fraud

Economy & Finance2026-06-22

RBI Considers CRR Hike Amid Forex Inflow Surge and Surplus Liquidity Concerns

RBI may increase Cash Reserve Ratio if strong forex inflows create surplus liquidity in banking system by August 2026.

#RBI#CRR#Monetary Policy

Awards & Appointments2026-06-11

Neelkanth Mishra Appointed as India's Executive Director at World Bank

Cabinet approves appointment of Neelkanth Mishra as India's ED at World Bank for three-year term.

#World Bank#Appointment#Neelkanth Mishra