Economy Current Affairs
Daily Economy current affairs for UPSC and SSC — short India revision notes with why in news, key facts, prelims pointers, and mains angles.
Updated · UPSC & SSC
- PIBNational Technical Textiles Mission: Boosting India's Technical Textile SectorThe Ministry of Textiles launched the National Technical Textiles Mission (NTTM) in 2020 to promote the technical textiles sector. Recently, the domestic technical textile industry recorded a net trade surplus of ₹3,420.20 crore in FY 2025-26, with exports of ₹29,217.60 crore and imports of ₹25,797.40 crore. The government has also organized 47 national and international conferences under NTTM to promote applications and market development.Economy · Science and Technology · Schemes
- PIBAmritsar becomes second spoke airport under India's hub-and-spoke international flight operationsThe Ministry of Civil Aviation launched hub-and-spoke international flight operations from Amritsar on July 28, 2026, making it the second airport in India to be part of this framework after Varanasi. This initiative aims to transform India into a global aviation hub by providing seamless international connectivity to regional passengers.Infrastructure · Economy · Government Policy
- Hindustan TimesCentre Summons Meta Global Head, Instagram Chief Over IT Rules Non-ComplianceThe Ministry of Electronics and Information Technology summoned Meta's global affairs president Joel Kaplan and Instagram chief Adam Mosseri after Meta allegedly restricted Prime Minister Narendra Modi's Instagram video. The summons also addresses broader issues of synthetically generated content and non-compliance with IT rules.Polity · Economy
- PIBprelimsMDONER USP Initiative: Parliamentary Committee Meeting on NE DevelopmentUnion Minister Jyotiraditya M. Scindia chaired a meeting of the Parliamentary Consultative Committee of the Ministry of Development of North Eastern Region (MDONER) to review the progress of the ministry's flagship 'Unique Selling Proposition' (USP) initiative. The meeting focused on advancing PM Modi's vision of a self-reliant and globally competitive Northeast, with discussions on market access, value addition, branding, logistics, and export promotion.Polity · Agriculture · Economy
- PIBTask Force for Toy Sector, 5% Global Market Share by 2032Union Minister Piyush Goyal announced a task force to support the toy sector and set a target of 5% global market share by 2032. The 'Toy Sector Playbook' was also launched to guide manufacturers, startups, and MSMEs.Economy · Government Policies & Interventions
- Hindustan TimesCentre Seeks to Pause Pulse Stock Sales Amid El Nino RiskThe Centre has asked the agriculture ministry to relax the nine-month disposal norm for government-procured pulse stocks under the Price Support Scheme (PSS). This is to preserve inventories amid emerging El Nino-related weather risks that could hit kharif production and fuel food inflation.Agriculture · Economy · Government Policies and Interventions · Disaster Management
- Times of IndiaChina Accuses US AI Firms of Using Chinese Models for TrainingChina's commerce ministry accused US AI firms of using Chinese models for training, days after US threats of sanctions on Chinese tech companies. This escalates tensions in the AI sector between the two countries.International Relations · Science and Technology · Security · Economy
- Mintprelims8th Pay Commission: Fitment Factor Above 3 May Raise Salaries, Test Fiscal DisciplineThe 8th Pay Commission will complete half its allocated time in August 2026, and the debate over the fitment factor has intensified as employee unions demand a multiplier above 3. A higher fitment factor could significantly increase salaries and pensions, but the Centre must balance employee expectations with fiscal sustainability.Polity · Economy · Schemes
- Hindustan TimesmainsUK Judge Calls Indian Supreme Court Workload UnsustainableUK Supreme Court judge Lord George Leggatt, during a visit to India, commented on the unsustainable workload of the Indian Supreme Court, highlighting the stark contrast with the UK Supreme Court's caseload. His remarks have sparked discussions on judicial reforms, including potential separation of constitutional and appellate jurisdictions.Polity · Economy
- Times of IndiaprelimsGovernment Nod for 2 Billion Polymer Banknotes of Rs 10 & Rs 20The Indian government has permitted the RBI to print 2 billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials. This move aims to enhance the lifespan of currency and address the shortage of these denominations. The announcement was made in Parliament on July 28, 2026.Economy
- Times of IndiaRBI Deputy Governor Calls for Wider Access to Bond MarketsRBI Deputy Governor Rohit Jain emphasized the need to deepen bond markets so that more enterprises can access market-based finance, as the bank-led model alone will not meet future financing needs. This statement comes amid India's push to become a developed economy by 2047, highlighting the critical role of financial markets in mobilizing long-term capital.Economy · Financial Markets
- First PostUSTR Probe into Excess Industrial Capacity Nearing Completion, More Tariffs LikelyUS Trade Representative Jamieson Greer announced that a Section 301 investigation into excess industrial capacity across 16 trading partners, including China, Vietnam, Mexico, and the EU, is nearing completion. This could lead to another round of tariffs by the Trump administration, expanding its trade offensive.International Relations · Economy
- Times of IndiaSupreme Court orders Tamil Nadu to pay market rate land compensation or return 970 acresThe Supreme Court has directed Tamil Nadu to either pay compensation at market rate (as of Jan 1, 2014) for 970 acres of land acquired in 2009-10, or return the land within six weeks. This order significantly increases the state's financial burden from Rs 21 crore to over Rs 180 crore, worsening its fiscal crisis.Polity · Economy · Governance
- Times of IndiaSC: Insolvency moratorium protects company, not promoters or directorsThe Supreme Court clarified that the moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) protects only the corporate debtor, not its promoters or directors. This ruling came in a case where homebuyers challenged a National Consumer Disputes Redressal Commission (NCDRC) order that had stayed consumer complaints against promoters of a real estate firm due to pending insolvency proceedings against the company.Polity · Economy
- MoneycontrolprelimsGovt Approves Trial of Rs 10, Rs 20 Polymer NotesThe Indian government has approved a trial of polymer banknotes in denominations of Rs 10 and Rs 20. This move is significant as it explores a more durable alternative to paper currency, though there is no plan to replace paper notes entirely.Economy · Science & Tech
- MintprelimsSEBI proposes MF-only PMS with ₹25 lakh entry: Key differences from traditional PMSSEBI's consultation paper released on 23 July 2026 proposes a new MF-only PMS framework with a lower entry threshold of ₹25 lakh, potentially expanding access to professional portfolio management for investors who do not qualify for traditional PMS (minimum ₹50 lakh). This could benefit an estimated 1.5-2 crore Indian citizens with investable surpluses in the ₹25-50 lakh range.Economy · Securities Market
- MoneycontrolprelimsKharif Sowing 5% Below Last Year as Monsoon Deficit NarrowsKharif sowing in India remains 5% below last year's levels, but the deficit has narrowed due to improved rainfall. The week ended July 22 saw rainfall only 1% below the long-period average, a significant recovery from the 51% deficit in the previous week.Agriculture · Economy
- Mintprelims576 Indians report income over ₹100 crore in FY26; billionaires grow 4x in 5 yearsMinister of State for Finance Pankaj Chaudhary informed Lok Sabha on 27 July 2026 that the number of individuals reporting gross total income of ₹100 crore or more has surged to 576 in AY26, a four-fold increase from 142 in AY22. This highlights rising income concentration and wealth inequality in India.Economy · Polity
- Hindustan TimesprelimsCentre Okays Polymer Banknote Trials for ₹10 and ₹20 DenominationsThe government has approved RBI's proposal to conduct field trials of polymer banknotes in ₹10 and ₹20 denominations. This marks a significant step towards introducing plastic currency in India, though the government clarified there is no plan to replace paper notes yet.Economy · Banking · Currency and Coinage
- MintCBDT's Crypto Reporting Guidance: Impact on Investors and TaxpayersThe CBDT has issued a guidance note to operationalise India's crypto-asset reporting framework in line with OECD global standards. This standardises how crypto exchanges report transaction data to the Income Tax Department, making tax reporting more structured. While crypto taxation remains unchanged, investors must focus on accurate record-keeping as information sharing becomes more formalised.Economy · Taxation · Economy · International Relations
- PIBSchool Education Quality Assessment: PARAKH, NAS, NEP 2020The Ministry of Education released findings of the PARAKH National Survey (PRS) 2024, showing significant improvement in foundational literacy and numeracy compared to NAS 2021. This underscores the impact of NIPUN Bharat Mission under NEP 2020.Education · Government Policies and Interventions · Economy
- PIBNAMASTE Scheme: Verification of 89,900+ Sewer Workers, Distribution of 87,000+ PPE KitsThe Ministry of Social Justice and Empowerment informed Lok Sabha that over 89,900 sewer and septic tank workers have been verified and more than 87,000 PPE kits distributed under the NAMASTE scheme. This highlights the government's ongoing efforts to mechanize sanitation work and ensure worker safety and dignity.Social Justice · Economy