Current Affairs

National Payments Corporation of India (NPCI)

The National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) signed a memorandum of understanding (MoU) to work together on strengthening cyber security and resilience in Indias fast-growing digital payments ecosystem, including UPI.

Indias economic growth projection at 6.3 percent for FY 2025-26

The World Bank kept Indias economic growth projection at 6.3 percent for FY 2025-26, as the country remains the fastest-growing economy globally.

Latest World Bank data

According to the latest World Bank data, India has made remarkable progress in reducing extreme poverty, with 269 million people moving out of it between 2011-12 and 2022-23.

Reserve Bank of India

The Reserve Bank of Indias six-member Monetary Policy Committee (MPC) has slashed the repo rate by a 50 basis points to 5.50 percent, marking the third consecutive reduction since February 2025.

Indias largest source of foreign direct investment (FDI)

Singapore continued to be Indias largest source of foreign direct investment (FDI) for the last seven years, as the country received the highest inflows of about $15 billion in 2024-25.

Indias gross Goods and Services Tax (GST) collection for May 2025

Indias gross Goods and Services Tax (GST) collection for May 2025 stood at Rs.2.01 lakh crore, registering a 16.4 percent increase over the Rs.1.72 lakh crore collected in May 2024, data released by the Ministry of Finance on 1 June 2025.