News 1: ‘On track to attract $100 bn FDI this year’ Background: India is on track to attract $100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the Centre said on Saturday. In 2021-22, India received the “highest ever” [...]

News 1: G4 countries highlight ‘urgent need’ for reform in UN Security Council Background: Reform of the United Nations has been a central theme of External Affairs Minister S. Jaishankar’s visit to the United Nations this week, and on Thursday, he met with his counterparts from Germany, Brazil and Japan [...]

News 1: Rupee slides to new low of 80.79 on Fed rate increase, stance Background: The Indian rupee on Thursday weakened sharply against the dollar to a new record low in the wake of the U.S. Federal Reserve increasing interest rates by 75 basis points and signaling more such steep [...]

News 1: ADB pares India FY23 GDP growth forecast to 7%, from 7.5% Background: The lender also raised its inflation projection for India for this year to 6.7% and widened the current account deficit (CAD) estimate to 3.8% of GDP. The ADB sees the CAD narrowing to 2.1% of GDP [...]

News 1: Issues with the FinTech Industry Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday flagged concerns related to digital lending including a spate of complaints regarding usurious interest rates, unethical recovery practices and data privacy issues and emphasized the need for the fintech industry to focus on [...]

News 1: FM urges World Bank arm IFC to raise lending to India Background: Finance Minister Nirmala Sitharaman has urged the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to increase lending to India to more than $2 billion in the next two years and to $3-3.5 [...]

News 1: PM Modi unveils policy for logistics Background: Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost for businesses from 13-14% to a single digit. […]

UPSC/STATE PSC     The Hindu & Indian Express News 1: Use of Web3 and AI in banking to detect fraud Background: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday asked banks to be more digital savvy and give immediate priority to [...]

UPSC/STATE PSC     The Hindu & Indian Express News 1: Financial Stability Development Council Background: Finance Minister Nirmala Sitharaman stressed the need for the government and regulators to monitor financial sector risks and market developments on a continuous basis and take timely actions to [...]