69 results for “Economy & Banking Current Affairs”
On 28 September 2026, India’s Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, initiated an anti-dumping investigation into imports of Penicillin G (Pen-G) and its salts from China. The probe followed an application by domestic manufacturer Lyfius Pharma Private Limited, which alleged that the imports were causing material retardation to the establishment of India’s domestic industry.
The Reserve Bank of India (RBI) raised the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for scheduled banks from 90% to 99% of the prescribed CRR. The change takes effect from the reporting fortnight beginning 16 October 2026, while the overall CRR remains unchanged at 3%. The RBI announced the measure on 9 October 2026 amid banking-system surplus liquidity of about ₹3.88 lakh crore as of 8 October.
The Spices Board India and the ICAR-Indian Institute of Spices Research (IISR) held a national seminar in Kochi, Kerala, on 9 October 2026 to discuss the proposed Bharat Spice Map. The initiative combines geospatial technology, scientific research and market intelligence to map spice-growing regions, varieties and quality characteristics.
On 8 October 2026, the National Pharmaceutical Pricing Authority (NPPA) approved in principle a 30% trade-margin cap, based on the Maximum Retail Price (MRP), for identified non-scheduled anti-cancer medicines. The proposed measure is projected to reduce prices by 20% to 70% and save patients an estimated ₹2,500 crore annually.
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50% on 7 October 2026. The Monetary Policy Committee, chaired by Governor Sanjay Malhotra, voted unanimously to increase the policy rate from 5.25% and changed the stance from neutral to calibrated tightening.
Odisha launched India’s first dedicated digital portal for Meetings, Incentives, Conferences, and Exhibitions (MICE) incentives on 4 October 2026. The portal was inaugurated by Deputy Chief Minister and Tourism Minister Pravati Parida at the Odisha Travel Bazaar 2026.
The Union Cabinet approved a ₹10,000-crore commitment for the SME Growth Fund on 6 October 2026. The fund is meant to provide patient, growth-oriented equity capital to viable and scalable small and medium enterprises in India.
The Securities and Exchange Board of India launched the “Samajh Se Investing Simple” investor awareness and education campaign under Project Jagrook on 5 October 2026 at Panjab University, Chandigarh. The launch coincided with World Investor Week 2026, which was observed from 5 October to 11 October.
Sanjay Kumar, Director (Marketing) at GAIL (India) Ltd, has been appointed as the next Managing Director and Chief Executive Officer of Petronet LNG Ltd. His five-year term will begin on 13 May 2027 after the completion of the extended tenure of the current CEO, A K Singh, on 12 May 2027.
The Adani Group announced plans for investments exceeding Rs 6 lakh crore in Maharashtra on 2 October 2026. The announcement was made at the launch of Invest Maharashtra, the state’s investment promotion agency, by Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises.
The Reserve Bank of India approved Anup Bagchi as the Managing Director and Chief Executive Officer of HDFC Bank on 1 October 2026. His three-year term will begin on 27 October 2026, after the completion of Sashidhar Jagdishan’s current term on 26 October 2026.
The Pension Fund Regulatory and Development Authority (PFRDA) set a target to add 2–3 crore new subscribers to the National Pension System (NPS) over the next two years. The announcement was made on 1 October 2026 by PFRDA Chairperson S. Ramann. The expansion plan is linked to the NPS Tatkal facility, which allows direct enrolment and contribution through Unified Payments Interface (UPI) applications.