General Awareness

BUSINESS AND ECONOMY - July 2025

Jul 2025

Nov 19, 2025

PayU Gets RBI Approval to Operate as Full-Scale Payment Aggregator

PayU, a diversified fintech platform, received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator across online, offline and cross-border transactions, including both inward and outward, under the Payment and Settlement Systems (PSS) Act.
This approval enables PayU to offer secure, compliant, and seamless payment acceptance, settlement and cross-border solutions for merchants across channels.

Nov 18, 2025

India Signs First Long-term US LPG Import Deal

In a major step towards strengthening India's energy security, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced that Indian public sector oil companies, for the first time, signed a one-year deal to import liquefied petroleum gas (LPG) from the United States.
Highlighting India's position as one of the largest and the fastest-growing LPG markets in the world, Puri said that the new agreement marks a significant milestone in the country's efforts to diversify its LPG sourcing.

RBI Approves Appointment of S. Krishnan as Chairman of J&K Bank

S. Krishnan, a seasoned banking professional, was appointed as the part-time chairman of Jammu and Kashmir Bank (J&K Bank). The Reserve Bank of India (RBI) approved his appointment, which officially came into effect in November 2025, and will continue till March 26, 2028.
S. Krishnan is a veteran banker with decades of experience in public sector banking. He previously held leadership roles, including,
Managing Director & CEO of Punjab & Sind Bank and MD & CEO of Tamilnad Mercantile Bank.

Nov 17, 2025

Govt. Approves 17 Projects under Electronics Component Manufacturing Scheme

The government approved 17 projects entailing about Rs. 7,172 crore investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components. These projects will lead to production worth Rs. 65,111 crore cumulatively.
The 17 projects greenlit now in the second tranche, bring total projects under the scheme to 24.
The players included Jabil Circuit India, Aequs Consumer Products, Uno Minda, ASUX Safety Components India, Zetfab India, TE Connectivity India, and Meena Electrotech, among others.
The categories include camera module, connectors, multi-layer PCB, oscillators, enclosures among others and are spread across nine states.

India Imposes Five-Year Anti-Dumping Duty on Vietnamese Steel

India imposed an anti-dumping duty of USD 121.55 per tonne on imports of hot rolled flat steel products from Vietnam for five years.
The move is aimed at protecting domestic manufacturers from cheap imports.
According to a notification by the finance ministry, the imposition of the duty was recommended by the Directorate General of Trade Remedies (DGTR).

Govt Unveils Rs. 1,500 Crore Projects to Modernise New Mangalore Port

The Central Government announced a significant investment of ₹1,500 crore for the modernisation of the New Mangalore Port in Karnataka. The announcement was made by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal during the Golden Jubilee celebrations of the New Mangalore Port Authority (NMPA) held in Mangaluru. As part of the launch, a total of 20 development projects were unveiled to upgrade infrastructure, increase capacity, and integrate advanced digital technologies, aligning with the larger national vision of "Viksit Bharat".

Nov 16, 2025

Delhi Government Does Away with Mandatory Renewal of Registration every 21 Years for Establishments

The Delhi government has abolished the provision of mandatory renewal of registration every 21 years under the Delhi Shops and Establishments Act, 1954, in a bid to promote 'Ease of Doing Business'.
Currently, the Act mandates renewal of registration every 21 years from the date of registration. Eliminating this renewal requirement is a relief for traders and will further strengthen 'Ease of Doing Business' in Delhi, the statement added.
According to Delhi Labour Minister Kapil Mishra, removing the mandatory renewal of registration after 21 years will provide real relief to traders.

Korea's Samhyun to Set Up EV Component Plant in Sriperumbudur

In a major development for India's electric mobility landscape, Korean tech company Samhyun announced plans to establish a state-of-the-art electric vehicle (EV) motor component plant in Sriperumbudur, Tamil Nadu. This marks a significant boost to the region's fast-emerging status as a leading EV and automotive manufacturing hub. With strong government support, skilled workforce availability, and robust infrastructure, Tamil Nadu continues to attract global players in the e-mobility space, with Samhyun's entry further validating its strategic appeal.

Nov 15, 2025

M&M, Manulife to Form Life Insurance JV

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs. 3,600 crore each totalling Rs. 7,200 crore.
Each partner will invest Rs. 1,250 crore ($140 million) in the first five years. The new business is expected to apply for a licence with the Insurance Regulatory and Development Authority of India in two to three months and aims to commence operations in 15 to 18 months. It will mark Manulife's entry in Indian insurance.

UAE Executes First-Ever Digital Dirham Transaction in Record Time

The United Arab Emirates (UAE) made history by completing its first government transaction using the Digital Dirham, a central bank digital currency (CBDC), in less than two minutes. This lightning-fast digital payment marks a major leap forward in the UAE's mission to become a global digital finance hub. The transaction was executed via the mBridge platform, demonstrating the country's readiness to adopt next-generation financial infrastructure.
The Digital Dirham is part of the country's broader Financial Infrastructure Transformation (FIT) Programme, designed to boost transparency, efficiency, and financial inclusion.
Unlike cryptocurrencies, this CBDC is government-backed and fully regulated. It ensures secure, real-time transactions between public institutions and may eventually be used by citizens and businesses across the UAE.

Share on

TCY Analytics (View Subscription Plans)

Subscribe to GK Updates

I want to receive

GK Tags

June GK, May GK, April GK, INTERNATIONAL AFFAIRS, ENVIRONMENT, BUSINESS AND ECONOMY, SCIENCE & TECHNOLOGY, SPORTS, NATIONAL AFFAIRS, DEFENCE, PERSONS IN NEWS, DAYS AND EVENTS, AWARDS AND HONOURS, GOVERNMENT POLICIES AND SCHEMES, GENDER/ HEALTH/ EDUCATION, ART AND CULTURE, BOOKS AND AUTHORS, TOURISM AND HOTEL INDUSTRY AWARENESS, ART AND CULTURE, LAW AND CONSTITUTIONAL AFFAIRS

Start Discussion

On any topic

Take Tests

Compiled from GK updates

Login

Sign Up

Forgot Password

Download TCY App

Unlock All Services And Enjoy The Premium Benefits

US$ 10

US$ 13

US$ 15

US$ 17

US$ 19

US$ 20

US$ 21

US$ 22

US$ 23

US$ 24

US$ 25

US$ 26