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Finance Ministry Notifies 0.1% Concessional Government Guarantee Fee for NaBFID
Context: The Ministry of Finance has set a 0.1% concessional guarantee fee for the National Bank for Financing Infrastructure and Development (NaBFID) to enable
2 Aug 2025
MCX Relaunches Cardamom Futures Trading Contracts
Context: The Multi-Commodity Exchange of India (MCX) has reintroduced cardamom futures contracts, initially launching for August, September, and October 2025. T
2 Aug 2025
NPCI Introduces Revised UPI Rules
Context: The National Payments Corporation of India (NPCI) has introduced new Unified Payments Interface (UPI) rules, effective from August 1, 2025, to enhance
2 Aug 2025
UPI’s ‘Free Payments’ Model Under Strain as ICICI Bank Imposes Charges on Payment Aggregators
Context: ICICI Bank has begun charging payment aggregators (PAs) for processing UPI transactions, raising concerns over the long-term viability of the zero-cost
2 Aug 2025
RBI’s MuleHunter Platform to Tackle Bank Frauds Gains Traction
Context: The Reserve Bank of India (RBI) is scaling up the deployment of its AI-driven MuleHunter platform across more banks to curb fraud involving mule accoun
2 Aug 2025
SEBI Plans Major Reforms for Mega IPOs
Context: The Securities and Exchange Board of India (SEBI) is considering regulatory reforms to streamline large Initial Public Offerings (IPOs) and improve mar
2 Aug 2025
Govt Expands PM SVANidhi Scheme
Context: The Union Government has approved the second phase of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme with enhanced loan limits and the i
2 Aug 2025
ISRO to Launch U.S.-Developed BlueBird Satellite Aboard LVM3
Context: ISRO is set to launch the Block 2 BlueBird communication satellite, developed by U.S.-based AST SpaceMobile, in the next 3–4 months, ISRO Chairman V. N
2 Aug 2025
ISRO Identifies Cause of PSLV-C61/EOS-09 Mission Failure
Context: The Indian Space Research Organisation (ISRO) has concluded its investigation into the PSLV-C61/EOS-09 mission failure that occurred on May 18, 2025. I
2 Aug 2025
Daily Current Affairs Quiz: 2 August 2025
Got Questions? We've Got Answers! 📚 Whether it's about exams, career advice, or daily doubts, don't hesitate—ask away! 💡 Daily Current Affairs for UPSC Quiz | D
Quiz 2 Aug 2025
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