69 results for “Economy & Banking Current Affairs”
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the flag-off of a consignment of frozen food products from Sonipat in Haryana to Canada on 1 October 2026. The export was led by Aterna Foods Producer Company Limited, a Farmer Producer Organisation (FPO), and the shipment weighed 24 metric tonnes with 2,295 boxes of frozen food products.
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.
Kotak Mahindra Bank Ltd received approval from the Reserve Bank of India on 1 October 2026 for the appointment of Anup Kumar Saha as Managing Director and Chief Executive Officer. His three-year tenure will begin on 1 January 2027, and he will succeed Ashok Vaswani, whose term ends on 31 December 2026.
The Government of India revised sugar stockholding norms for dealers on 1 October 2026 to regulate sugar distribution during the festive season. The new order applies from 15 October 2026 to 30 November 2026 and limits dealer stock to 15 days from the date of receipt.
Karnataka notified its Textile & Apparel Policy (4.0) 2026-31 on 30 September 2026 with a financial outlay of Rs 4,000 crore. The policy aims to attract Rs 20,000 crore in domestic and foreign investment and create 5 lakh jobs in the textile sector over five years.
The National Stock Exchange of India received a No Objection Certificate from the Securities and Exchange Board of India on 1 October 2026 to launch futures contracts linked to a corporate bond index. The proposed product remains subject to approval from the Reserve Bank of India and will enter India’s exchange-traded fixed-income derivatives segment after the required clearances.
India is preparing a new National Steel Policy with a target of more than 600 million tonnes of steelmaking capacity and over 500 million tonnes of steel consumption by 2047. The draft policy is intended to replace the National Steel Policy, 2017, which had a horizon up to 2030 and a capacity target of 300 million tonnes.
The Ministry of Micro, Small and Medium Enterprises and the Ministry of Statistics and Programme Implementation exchanged a Memorandum of Understanding in New Delhi on 29 September 2026. The agreement covers the development and strengthening of the Statistical Business Register and the National Statistical Business Register.
India fixed a foodgrain production target of 373.93 million tonnes for the 2026-27 crop year on 29 September 2026. The target is lower than the record output of 376.56 million tonnes achieved in 2025-26. The announcement was made by the Union Minister of Agriculture and Farmers’ Welfare, Shivraj Singh Chouhan.
Uttar Pradesh has set a target of increasing annual exports from about ₹2 lakh crore to ₹5 lakh crore by 2030. The target was announced on 27 September 2026 at the UP International Trade Show in Greater Noida. The export plan is linked to the state’s wider goal of becoming a $1 trillion economy.
NMDC Ltd. commissioned an integrated iron ore processing, slurry pipeline, and pellet-making project worth ₹5,427 crore in Chhattisgarh on 27 and 28 September 2026. The project includes a new iron ore processing plant at Bacheli, a 15 million tonne per annum slurry pipeline, and a 2 million tonne per annum pellet plant at Nagarnar.
India and the Gulf Cooperation Council (GCC) formally launched negotiations for a Free Trade Agreement (FTA) through a Joint Statement signed on 24 February 2026 in New Delhi. The Joint Statement was signed by India’s Union Minister of Commerce and Industry, Piyush Goyal, and GCC Secretary General, Jasem Mohamed Albudaiwi. The Terms of Reference for the FTA were signed on 5 February 2026 and set the framework for the negotiations.