General Awareness

BUSINESS AND ECONOMY - July 2024

Jul 2024

Oct 07, 2025

India to Introduce RBI-backed Digital Currency

India will soon launch its own digital currency backed by the Reserve Bank of India (RBI), Union Minister of Commerce and Industry Piyush Goyal said in a roundtable during his visit to Doha, Qatar.
The move aims to make financial transactions faster, safer, and more transparent, while reducing paper use in the economy.
The digital currency will function like traditional money, but in an electronic form.

Piyush Goyal Co-Chairs India-Qatar Joint Commission Meeting on Economic and Commercial Cooperation

Union Commerce and Industry Minister, Piyush Goyal, co-chaired the India-Qatar Ministerial Joint Commission on Economic and Commercial Cooperation with H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry of Qatar.
Both sides reaffirmed their commitment to deepening the India-Qatar partnership by building on our strong bilateral trade. They also agreed to further intensify cooperation to achieve the trade and investment goals set by the leadership during the visit of His Highness the Amir of Qatar to India in February 2025.
On his first visit to Qatar, Goyal was also accompanied by senior officials from different Ministries.

Piyush Goyal Launches UPI in Doha, Strengthening India-Qatar Economic Ties

Union Minister of Commerce and Industry Piyush Goyal launched India's Unified Payments Interface (UPI) at the Lulu Mall in Doha, marking a new milestone in digital and financial cooperation between India and Qatar. The launch symbolises growing trust across borders and aims to enhance ease of transactions for citizens and businesses in both nations.
Launched nine years ago, UPI has become one of India's biggest digital success stories, accounting for 85 percent of the country's digital payments and nearly half of global digital transactions. With over 640 billion transactions processed annually, UPI continues to demonstrate India's leadership in fintech innovation.

Oct 06, 2025

Arunachal Pradesh Launches First Commercial Coal Mine at Namchik-Namphuk Block

Arunachal Pradesh witnessed a historic day with the launch of its first commercial coal mine at the Namchik-Namphuk coal block, marking a new chapter of growth, energy security, and local prosperity.
The Namchik Namphuk coal block, with reserves of 1.5 crore tonnes, was first allocated in 2003 but faced long delays and stoppages due to various challenges. It was revived through a transparent auction process in 2022, opening the doors for private sector entry and marking the end of years of delays.

Oct 05, 2025

Vodafone Idea Appoints Tejas Mehta as CFO

Indian wireless carrier Vodafone Idea appointed Tejas Mehta as its Chief Financial Officer, effective October 6. Prior to his appointment at Vodafone Idea, he was working as CFO in Mondelez India since 2002.
Mehta replaces Murthy Gvas, who ends his tenure on October 5. He is set to be the new CFO of Vodafone Idea with 25 years of rich and diverse experience across India and international markets.

Oct 04, 2025

Zomato, HDFC Pension Introduce National Pension System Model for Delivery Partners

Zomato and HDFC Pension collaborated to introduce 'NPS Platform Workers Model' for delivery partners of the food delivery platform, in a bid to provide them access to formal retirement benefits.
The model was formally launched by Finance Minister Nirmala Sitharaman at an event organised by the Pension Fund Regulatory and Development Authority (PFRDA) in October 2025.

Microsoft Names CEO to Run Commercial Business, Nadella to Focus on Tech

Microsoft Chief Commercial Officer Judson Althoff took an expanded role as CEO of commercial business, freeing up company chief Satya Nadella to focus more on the technical side of the business in the tech giant's quest to dominate the AI race.
Althoff will lead what Microsoft CEO Nadella called a new organization, which will combine sales, marketing and operations.

Oct 03, 2025

World Green Economy Summit 2025 Attracts 16 Local, Regional, International Sponsors

The 11^th edition of the World Green Economy Summit (WGES), held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, was sponsored and supported by 16 local, regional and global organisations.
This year's theme, 'Innovating for Impact: Accelerating the Future of the Green Economy', emphasises Dubai's role as a leading global centre in supporting climate action and advancing the transition towards a more resilient and inclusive low-carbon economic model.
Organised by the Dubai Supreme Council of Energy, Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO), WGES at the Dubai World Trade Centre.

RBI Constitutes Payments Regulatory Board Headed by Governor

The Reserve Bank of India (RBI), in 2025, constituted the Payments Regulatory Board and appointed six-members to this board led by RBI Governor as Chairman.
The Board is responsible for the regulation and supervision of all payment systems including electronic and non-electronic, domestic and cross-border systems.

Made in India Airbus H125 Helicopter from Tata Advanced Systems Limited

The Tata Group, in partnership with Airbus, is launching India's first private-sector helicopter Final Assembly Line (FAL) at Vemagal in Karnataka to produce the Airbus H125 helicopter. This initiative marks a significant milestone for India's aerospace industry, as the facility will assemble, test, and deliver both civil and military versions of the H125.
Addressing requirements for domestic as well as South Asian export markets. The made-in-India helicopters are expected to be delivered starting in early 2027. This project will not only strengthen India's credentials as a global aviation hub but also support the development of local civil and defence aviation capabilities.

The Government Appointed Kalyan Kumar as Head of Central Bank of India

The government appointed Kalyan Kumar as head of Central Bank of India for a period of three years.
The Appointments Committee of the Cabinet headed by the Prime Minister approved the appointment.
Kumar, currently Executive Director of Punjab National Bank (PNB), succeeded M V Rao as MD and CEO of Central Bank of India after his superannuation in July.
CBoI too was headless after Matam Venkat Rao superannuated as MD & CEO on July 31, 2025.

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