Finance Current Affairs

Finance Ministry Launches ₹20 Lakh ‘Paripoorna Mediclaim Ayush Bima’ for CGHS Beneficiaries

The Finance Ministry launched Paripoorna Mediclaim Ayush Bima in January 2026. It is meant for CGHS beneficiaries. It offers ₹10–20 lakh hospitalisation cover. The policy is optional and retail-based. It includes flexible co-payment options. Premiums are discounted significantly.New India Assurance provides the cover. Room rent limits are defined. Claim-free bonuses are available. It strengthens healthcare […]

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GST Reforms: Daily Essentials, Electronics, Automobiles & More

The Government has reduced GST on several items across different categories. GST reducing rate will be effective from 22th September 2025. On 3 september 2025, In a press conference held in New Delhi, Finance Minister Nirmala Sitharaman said that GST on articles consumed by common persons and the middle class has been decreased from 18

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Lok Sabha Passes Finance Bill 2025: Key Highlights and Implications

On March 25, 2025, the Lok Sabha passed the Finance Bill 2025, which included 35 amendments proposed by the government. One of the most notable changes is the elimination of the six percent digital tax on online advertisements. This marks the end of the Budgetary approval process in the Lower House. Next, the bill will

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Bajaj Allianz Life Launches Bima-ASBA, a First in India

Bajaj Allianz Life Insurance Company (BALIC) has launched the Bima-Application Supported by Blocked Amount (Bima-ASBA) facility, becoming the first insurer in India to implement this innovative payment method. This initiative, introduced by the Insurance Regulatory and Development Authority of India (IRDAI), is designed to improve transparency and convenience in premium payments. With Bima-ASBA, policyholders can

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LIC Delivers Dividend Cheque of ₹1,831 Crore to Finance Minister

LIC Delivers Dividend Cheque of ₹1,831 Crore to Finance Minister: LIC Chairman Siddhartha Mohanty handed over a check for Rs. 1,831.09 crore to Union Finance and Corporate Affairs Minister Nirmala Sitharaman. The Centre’s share for fiscal year 2022-23 is represented by this dividend. It was officially approved by LIC’s shareholders during the Annual General Meeting

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Fourth G20 Sustainable Finance Working Group Meeting to begin in Varanasi

Fourth G20 Sustainable Finance Working Group Meeting to begin in Varanasi: The 4th G20 Sustainable Finance Working Group Meeting is held in Varanasi, Uttar Pradesh to finalize the 2023 G20 Sustainable Finance Report. The delegates also discussed the progress made by jurisdictions, IOs and relevant stakeholders against actions listed out in the G20 sustainable finance roadmap. Daily Current Affairs Quiz:

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GST rules for casinos, e-games notified

GST rules for casinos, e-games notified: The Ministry of Finance has recently issued a significant notification outlining amendments to the Goods and Services Tax (GST) rules pertaining to online gaming and casinos. These modifications are intended to address the taxation methods used by online gambling companies and casinos. Daily Current Affairs Quiz: September 2023 GST

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Russia Launches Islamic Banking Pilot Program: Exploring Shariah-based Finance

Russia Launches Islamic Banking Pilot Program: Exploring Shariah-based Finance– Russia is set to embark on a historic journey by launching its first Islamic banking pilot program on September 1. With a Muslim population of around 25 million people, the move hopes to capitalise on the potential of Islamic finance, which has already had a presence

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Microfinance Landscape Shift: Standalone MFIs Take Lead with 40% Microlending Share

Microfinance Landscape Shift: Standalone MFIs Take Lead with 40% Microlending Share: After a four-year hiatus, freestanding Microfinance Institutions (MFIs) have regained their dominance in microlending, surpassing banks. This resurgence is attributed to their recovery from pandemic-induced setbacks and strategic efforts, with standalone MFIs now holding a 40% share of microfinance loans in the country. Daily

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IREDA signs MoU with Government, Revenue Target for 2023-24 set at ₹ 4,350

IREDA signs MoU with Government, Revenue Target for 2023-24 set at ₹ 4,350: Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable

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