UPSC Economy current affairs: budget, RBI policies, inflation, fiscal policy, banking and financial sector updates.
Part of: UPSC Current Affairs 2026 Hub
Union Minister <strong>Shri Piyush Goyal</strong> outlined how India’s FTAs with developed economies, especially the TEPA with the EFTA, aim to attract $100 billion in investment, create one million jobs and boost innovation. Policy reforms, a unified 500 GW power grid and a growing renewable‑energy share underpin India’s competitive edge, leveraging its youthful workforce and large domestic market for long‑term economic growth.
The Supreme Court annulled a 2010 auction of a mortgaged property by Indian Bank, finding that the bank violated the mandatory 15‑day payment deadline under Rule 9 of the Security Interest (Enforcement) Rules, 2002. The Court ordered a refund with interest and gave the guarantor’s heir a one‑time chance to redeem the mortgage, highlighting the strict procedural safeguards in SARFAESI proceedings.
The Indian Chamber of Commerce, led by Brij Bhushan Aggarwal, met Union Minister Dr. Jitendra Singh on June 10, 2026, to propose mobilising ₹1 lakh crore of private investment in West Bengal. The chamber seeks close coordination with the Centre and the state to boost industrial growth, highlighting the role of business bodies in India’s economic development.
The Directorate General of Trade Remedies (DGTR), led by Shri Amitabh Kumar, briefed the media on its trade‑remedy measures that protect Indian producers and ensure fair competition. Recent reforms such as the SETU digital platform, simplified application formats, and the Trade Defence Wing were highlighted as steps to strengthen India’s export defence within the WTO framework.