Current Affairs

The Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) has announced interlinking of the Unified Payments Interface (UPI) system with fast payment systems of other jurisdictions to promote cross-border payments.

Indias IT spending is projected to reach $176.3 billion in 2026

Indias IT spending is projected to reach $176.3 billion in 2026, marking a 10.6 percent year-on-year rise, supported by accelerated adoption of cloud services and digital technologies, a Gartner report said on 18 November 2025.

16th Finance Commission

The 16th Finance Commission, chaired by economist Arvind Panagariya, has submitted its report to the President of India Droupadi Murmu on 17 November 2025. The commission submitted its report for 2026-2031.

National Payments Corporation of India

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), and BENEFIT, Bahrains leading fintech and electronic financial transactions company, have entered into a partnership to enable real-time cross-border remittances between India and Bahrain.

HAL signs deal with GE

Hindustan Aeronautics Limited (HAL) on 7 November 2025 inked a deal with US-based General Electric (GE) for the supply of 113 F404-GE-IN20 jet engines to power the Light Combat Aircraft (LCA) Tejas Mark-1A.

SBI enters the $100 billion club

State Bank of India (SBI) has become the sixth Indian company to enter the coveted USD 100 billion market-cap club.

Goods and services tax (GST)

Indias goods and services tax (GST) collections in October 2025 rose 4.6 to Rs.1,95,936 crore, compared with Rs.1,87,346 crore in September.