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RBI Installs New Continuous Cheque Clearing System

October 04, 2025

1. System Transition/Implementation:

  • Special CTS clearing to be made on 3 rd October 2025 to help in transition.
  • The start of the new continuous clearing mechanism will be on 4th October 2025.
  • Transition as authorized by Payment and Settlement Systems Act, 2007.

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Life Insurance Corporation Celebrates 69 th Anniversary

October 04, 2025

1. Milestone Achievement:

  • 69th anniversary on 1 st September 2025.
  • Almost 70 years of experience in insurance and financial industry.
  • The greatest life insurance company and the fastest expanding Indian brand in India (36% growth per Brand Finance 2025).

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US Becomes the top FDI source in Q1 FY26 in India

October 04, 2025

1. Record US Investment Surge:

  • In Q1 FY26 (April-June 2025) United States became the largest source of FDI.
  • Contribution:Rs48, 104 crore equity inflows.
  • Growth: 282 % growth over past year.
  • Significance: Marks giant turn in the way the foreign investment in India is conducted.

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India Aims to grow space sector by five fold to 44 billion dollars by 2033

October 04, 2025

1. Growth Projections & Targets:

  • Growing ambitions: Is expected to increase to 44 billion dollars by 2033 (a five-fold growth)
  • Share in the world: Targets to expand share of space economy in India to 2% to 8% by 2033.
  • International environment: Projection on the global space market of 1.8 trillion by 2035.

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PFRDA Suggests National Pension System (NPS) Reforms

October 04, 2025

1. Exit Rules Liberalized:

  • Leaving early on 15-years contribution (as opposed to having to wait until age 60/retirement)
  • Maximum age on the continuation of NPS increased to 85 years.

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