India’s GDP Grows 7.7 Per Cent in FY26
Source: IE Background & Concept Why does this matter? A growth figure like 7.7% is an aggregate of every act of production in the economy. Understanding it requires knowing what is being measured (GDP vs GNP), at which prices (constant vs current,…
RBI’s Urban (UCCS) and Rural (RCCS) Consumer Confidence Surveys
Source: The New Indian Express Background & Concept What do these surveys do? The RBI runs bi-monthly household surveys to read consumer sentiment, which feed into monetary-policy assessment. The two confidence surveys (UCCS and RCCS) generate two…
India Slips to 7th in Global Market Cap Rankings
Source: The Hindu Background & Concept What does the ranking measure? Total market capitalisation is the combined dollar value of all listed companies in a country — a rough yardstick of financial-market depth and global investor interest. Rankings…
Foreign Currency Non-Resident (Bank) — FCNR(B) Deposits
Source: Mint Background & Concept What is happening? To stabilise the rupee and rebuild reserves, the RBI is subsidising banks’ currency-hedging cost so they can offer attractive FCNR(B) rates to NRIs while staying profitable. Banks raising…
RBI Tightens Governance Norms for Urban Cooperative Bank (UCB)
Background & Concept What are Urban Cooperative Banks (UCBs)? Urban Cooperative Banks are cooperative credit institutions that operate in urban and semi-urban areas, organised on cooperative principles (one member, one vote; service over profit) and…
AU Small Finance Bank Launches Four New Credit Cards
Background & Concept What is AU Small Finance Bank? AU Small Finance Bank (AU SFB) is one of India’s leading Small Finance Banks (SFBs), headquartered in Jaipur, Rajasthan. It was incorporated in 1996 as a Non-Banking Financial Company (NBFC)…
RBI Cancels Licence of Mumbai-based Sarvodaya Co-operative Bank
Source: BS Background & Concept What Happened? The Reserve Bank of India (RBI) has cancelled the banking licence of Sarvodaya Co-operative Bank Limited, a Mumbai-based urban co-operative bank, effective 12 May 2026. The decision was taken because the…
Retail Inflation Climbs to 13-Month High in April 2026
Source: TH Background & Concept What is Retail Inflation (CPI)? Retail inflation in India is measured by the Consumer Price Index (CPI), which tracks the change in the price level of a basket of goods and services consumed by households. It is…
GARUDA Mechanism
Source: BS Background & Concept What is the GARUDA Mechanism? The GARUDA Mechanism is a proposed regulatory framework by SEBI to fast-track the launch of AIF schemes in India. Released through a discussion paper for public comments in May 2026, the…
Bharat Maritime Insurance Pool (BMIP)
Source: PIB Background & Concept What is the Bharat Maritime Insurance Pool (BMIP)? The Bharat Maritime Insurance Pool (BMIP) is a domestic, sovereign-backed maritime insurance pool designed to provide comprehensive insurance coverage to…