8 results for “Economy & Banking Current Affairs”
The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) signed a Memorandum of Understanding (MoU) in Mumbai on 26 August 2026. The agreement covers infrastructure projects with rural linkages, Public Private Partnership (PPP) projects, and agricultural value chains.
Government and industry data dated 27 August 2026 showed that 45 coal-fired power plants in India were operating with critically low coal inventories. The affected plants had coal stocks below 25% of required inventory or fuel for less than three days, and 40 of them were domestic coal-fired facilities.
India’s rice exports to 26 priority markets reached ₹23,476 crore and 4.79 million tonnes between November 2025 and March 2026. The Indian Rice Exporters Federation analysed the data on 26 August 2026 and compared the five-month period with the corresponding three-year average.
India plans to add 100 new vessels to its merchant fleet over the next five years to reduce dependence on foreign shipping lines for carrying critical cargo such as crude oil, gas, coal and urea. The announcement was made on 25 August 2026 at the inaugural Sagar Samvad conference in New Delhi, which was organised by the National Shipping Board to discuss policy directions for Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047.
India changed the export policy for wheat, durum wheat and related wheat flour products from “Prohibited” to “Free” with immediate effect on 24 August 2026. The order covers maida, semolina, wholewheat atta and resultant atta, and it ends restrictions that had remained in force since 13 May 2022 for wheat and since August 2022 for wheat flour products.
The International Financial Services Centres Authority (IFSCA) revised the credit rating framework for the International Financial Services Centre in GIFT City, Gujarat, through Circular No. IFSCA-CMIR/1/2026-CMIR dated 16 July 2026. The circular amended the Master Circular for Credit Rating Agencies in the IFSC dated 5 August 2025 and became effective immediately.
The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) on 15 July 2026 with a budgetary outlay of ₹62,500 crore. The scheme will run for five years from FY 2026-27 to FY 2030-31 and will replace the Production Linked Incentive Scheme for Large Scale Electronics Manufacturing, which ended on 31 March 2026.
The Reserve Bank of India has introduced a prudential framework for Specified Non-Financial Assets (SNFAs) through amendments to the Resolution of Stressed Assets Directions, 2025. The framework applies to Regional Rural Banks, All India Financial Institutions, commercial banks, small finance banks, and non-banking financial companies, and it comes into force on 1 October 2026.