topics-for-notes
Part 1
| Chapter | Current Affairs | Static Topic |
|---|---|---|
| Financial Market | Increase in number of IPOs | SEBI's Guidelines on IPO; Important concepts related to IPO such as Book building, Offer for sale, Underwriting, Greenshoe option; Minimum Public shareholding Norms etc. |
| SEBI's To be Listed Platforms | Grey Market; Kerb Trading, Dabba Trading | |
| SEBI's Proposals for Fractional Shares | Concept of Fractional Shares | |
| SEBI's ESOP Relief for Start ups | Concept of ESOP | |
| SEBI raises concern over Digital Gold | Digital Gold Regulation | |
| Record Inflows into Gold ETF | Concept of ETF | |
| Municipal Bonds eligible for Repo and Reverse Repo | Concept of Municipal Bonds | |
| SEBI's new guidelines on P-Notes | Concept of P-Notes | |
| Securities Market Code, 2025 | SEBI: Structure and Functioning | |
| Monetary Policy | Government retains the Inflation Target for 2026-2031 | Inflation targeting Framework in India |
| RBI's takes steps to adjust Banking System Liquidity | Banking System Liquidity- Meaning, Factors affecting liquidity, Impact of Increase/Decrease etc. | |
| Credit-Deposit Ratio of Indian Banks rises to all-time high | Credit-Deposit Ratio: Meaning, Factors, Implications, Steps needed | |
| Problems in Monetary Policy Transmission | Monetary Policy Transmission: MCLR and External Benchmarking regime | |
| Gap between US and Indian Bond Yields reduce to 20-year low | Factors affecting Bond Yields | |
| End of Negative Interest Rate Policy in Japan; Germany overtakes Japan as world's largest creditor Nation | Unconventional Monetary Policies- Zero Interest Rate Policy, Negative Interest rate policy etc. | |
| Use of variable rate repo and Forex Swaps by RBI | Concept of Variable rate Repo and Forex Swaps | |
| RBI | New Payments Regulatory Board | RBI's Central Board of Directors- Composition, Tenure, Role etc. |
| Banking Laws Amendment Act, 2025 | Concept of Unclaimed Deposits, Deposit Education and Awareness Fund, Concept of Fortnight in CRR | |
| Recent Developments in CBDC • Unified Market Interface (UMI): Tokenization of Financial Assets • Project M-Bridge and Agora | Salient Features of CBDC | |
| Lower Demand for Sovereign Green Bonds in India | Salient Features of Sovereign Green Bonds and concept of Greenium | |
| SIP in T-Bills on Retail Direct Platform | Retail Direct Scheme | |
| RBI's circular on Credit Information Companies | Not Applicable | |
| RBI's New Economic Capital Framework | Sources of Profit for the RBI; Trends in Transfer of Dividend from RBI to Government, Contingency risk buffer (CRB) etc. | |
| Important Initiatives of RBI in news • Mulehunter.AI • Public Tech Platform for Frictionless credit • Green Deposits Framework | Not Applicable |
Part 2
| Chapter | Current Affairs | Static Topic |
|---|---|---|
| Banking | RBI's Guidelines for Licensing of Universal Banks (2025) | Concept of Universal Banking; FDI into Banking Sector; Guidelines for opening of Banks etc. |
| Developments in Cooperative Banking • PCA Framework for UCBs • Umbrella Organization for UCBs • Scale based Regulation | Cooperative Banks: Structure and Regulation PCA Framework for Banks Vs NBFC Vs Cooperative Banks | |
| 50 Years of Regional Rural Banks (RRBs) | Salient Features of RRBs- Establishment, Ownership, PSL Target, Regulation and Supervision etc. | |
| Transition of AU Small Finance Bank into Universal Bank Transition of Fino Payment bank into Small Finance Bank | Universal Bank Vs. Differentiated Banks, Payment Bank Vs. Small Finance Bank; Criteria for transitioning from Small Finance Bank to Universal Bank; Criteria for transitioning from Payment Bank into Small Finance Bank | |
| NaBFID launches Partial Credit Enhancement Facility | Concept of Partial Credit Enhancement; Salient Features of NaBFID | |
| Developments in NBFC sector • Budget Announcement for TReDS Platform (2026) • Sagarmala Finance Corporation: India's first maritime NBFC • RBI eases norms for NBFC-MFIs • RBI tightens vigil on P2P platforms • RBI raises concerns over perpetual credit lines extended by NBFCs | • Difference between Banks and NBFCs; Categories of NBFCs regulated by RBI • TReDS Platform- Working Mechanism, Parties Involved, Regulation of TReDS Platform etc. • Micro-finance Sector: RBI's Guidelines on Micro finance loans, SHG Vs. JLG • NBFC P2P Platforms and their regulation • Meaning of Perpetual Credit Line | |
| RBI's Guidelines on Gold Loans (2025) | Not Applicable | |
| RBI's Guidelines on Digital Lending (2024) | First Loss Default Guarantee; Buy Now Pay Later (BNPL) Option | |
| Record surge in NRI Deposits into India | Different types of NRI Accounts- NRE Vs NRO Vs FCNR; Regulation of Interest rates; Impact of Rupee Depreciation on NRI Deposits etc. | |
| RBI proposes Expected Credit Loss approach for Provisioning Coverage ratio | Provisioning Coverage Ratio (PCR): Meaning, Difference between PCR and CRR/SLR etc. | |
| Change in Risk weightage norms for Project financing | Meaning of Project Financing; Concept of Risk Weightage under BASEL Norms | |
| BASEL 3 Norms Developments: Revised Liquidity Coverage ratio (LCR) Additional Tier-1 Bonds- RBI's New Guidelines | • Capital Adequacy Ratio (CAR); Capital Included in the CAR; Difference between CAR and Provisioning Coverage Ratio • Concept of Liquidity Coverage Ratio (LCR) and Run-off Factor • Salient Features of AT-1 Bonds | |
| Revised Priority sector Guidelines (2025) | PSL Targets for Different Categories of Banks; List of Priority sectors; Non-Achievement of PSL Target | |
| RBI's Guidelines on Non-Fund Based Credit Facilities | Letters of Credit; Co-Acceptance of Bills; Partial Credit Enhancement etc. | |
| RBI's Norms for Business Correspondents | Salient features of Business Correspondent Model | |
| Payment and Settlement System | Continuous Clearing of Cheques under Cheque Truncation System (CTS) | Concept of Cheque Truncation System (CTS) and Positive Pay System |
| Aadhaar Enabled Payment System (AePS) Frauds | Aadhaar Enabled Payment System (AePS) | |
| Budget 2026: Subsidy for UPI and RuPay | Concept of Merchant Discount Rate and Interchange Fee | |
| Important Developments in UPI • UPI gets a biometric boost: Payment with face, fingerprint or wearables • Increase in Limits on UPI Payments (2025) • UPI Circle • Linking UPI with Payment systems of other countries: Cyprus, Qatar, Bahrain and Europe • UPI-LITE | • Important concepts related to UPI: Type of Settlement, Factors of Authentication, Push and Pull Transactions under UPI • Details about UPI123 PAY, UPI LITE and UPI LITE X |
Part 3
| Chapter | Current Affairs | Static Topic |
|---|---|---|
| Inflation | New CPI Series (2024) | Calculation of Inflation Indices- WPI, CPI-AL, CPI-RL, CPI-IW etc. |
| Trends in WPI, CPI and Food Inflation in India | Momentum Effect and Base Effect | |
| Proposal to introduce Producer Price Index (PPI) | Difference between Producer Price Index and WPI | |
| Terms of Trade of different sectors (Eco Survey) | Concept of GDP Deflator and Sectoral Deflator | |
| Deflation in China- Involution | Not Applicable | |
| Increase in Inflation in Japan- Reasons and Effect | Not Applicable | |
| Public Finance | Trends in Tax-to-GDP ratio, Share of Direct and Indirect Taxes, Trends in Expenditure etc. | Components of Revenue account and Capital Account; Tax Buoyancy |
| Trends in Deficits in India, New Fiscal Consolidation Framework, Trends in Debt | Concepts related to Deficits- Revenue Deficit, Effective Revenue Deficit, Fiscal Deficit and Primary Deficit | |
| Highlights of RBI's Report on State Finances 2025 | Concept of Committed Expenditure and Development Expenditure | |
| GST Reforms 2.0 | Concept of Revenue Neutrality, Inverted Duty Structure, Anti-Profiteering, GST Appellate Tribunal, List of Taxes subsumed under GST, GST Council- Structure, Composition, Decision Making etc., Reverse Charge Mechanism, Concept of Advance Ruling in GST, Types of GST Supply- Zero Rated, Nil rated and Exempted supply etc. | |
| 16th Finance Commission Recommendations | Finance Commission- Composition, Qualifications etc. , List of Taxes which are part of Central Divisible Pool; | |
| Important Tax related announcements in Budget (2026-27) • New Income Tax act 2025 • Increase in Securities Transaction Tax (STT) on Equity Futures and Options • Changes in MAT: Carry forward of Excess MAT Credit to end • Buyback Tax: New Changes in Tax • Expansion of Tax Collected at Source • Safe Harbour rules for IT Companies • Foreign Asset Disclosure Scheme • One-time exemption to SEZs | • Securities Transaction Tax (STT) • Capital Gains Tax (CGT) • Buyback Tax • MAT • Transfer Pricing • Concept of TDS and TCC • Black Money Act 2015 • Salient Features of SEZ Act, 2005 | |
| Global Taxes in News • Global Minimum Corporate Tax • Carbon Border Adjustment Tax • USA's Remittance Tax | • Base Erosion and Profit Shifting (BEPS) • Non-Tariff Measures (NTMs) • Trends in Remittances for India | |
| External Sector | Trends in Components of BoP- Trade Balance, Current Account, Remittances, Capital Account, Trends in BoP | Components of BoP |
| Trends in Merchandise Exports/Imports and Services Exports/Imports India's share in global exports/services and ranking, Top Commodity; Top Destination and source country, Top Trading Partners, List of countries with which India has Trade Surplus | Not Applicable | |
| Important news related to India's Trade- Import of LPG, LNG and Crude Oil, India becomes net importer of Steel, India's export of Electronic Goods. Trends in Import of Defense Goods | Not Applicable | |
| Trends in FDI: Decline in Net FDI Inflows and its causes, India's ranking in attracting FDI, Top Source country, Top State in attracting FDI etc. | Concept related to FDI: Definition of FDI, Difference between FDI and FPI, Instruments eligible for FDI into India, Automatic Vs Approval Route, List of Prohibited sectors etc. | |
| IMF reclassifies India's exchange rate regime as Crawl like arrangement | Types of Exchange rate systems- Fixed, Floating and Managed Float |
Part 4
| Chapter | Current Affairs | Static Topic |
|---|---|---|
| External Sector | Developments in Forex Reserves • Central Banks diversifying forex reserves away from Dollar • RBI's Gold reserves crosses $ 100 bn for the first time in last 20 years | Concepts related to Forex Reserves- Meaning, Components, Share of Different Components in Descending order, India's ranking in terms of Forex Reserves and Gold Reserves, Adequacy of Forex Reserves- Import Cover, Greenspan Guidotti rule, Ratio of Broad money to Forex Reserves etc. |
| Trends in External Debt of India | External Debt- Components, Denomination of Debt, Debt Service Ratio, Valuation Gain/Loss in External Debt etc. | |
| India signs FTA with EU, UK, Oman and New Zealand | • Stages of Trade Integration- PTA, FTA, CECA/CEPA, Customs Union, Common Market, Economic Union • Difference between FTA and CECA/CEPA • Concept of Early Harvest Scheme in FTA Negotiations • Mutual Recognition agreements in FTA • India's membership in important regional Trading agreements | |
| International Institutions | Developments in WTO • E-Commerce Moratorium • WTO Agreement on Fisheries • WTO Dispute settlement Mechanism and Multi-Party Interim Appeal Arbitration Arrangement(MPIA) • Investment Facilitation for Development | • WTO: Establishment, Structure, Decision Making etc. • Special and Differential Treatment • Types of WTO Agreements- Multilateral and Plurilateral Agreements etc. |
