Current Affairs - Finance

Paisabazaar launched PBMoney, a platform designed to help users improve their financial wellness by offering a unified view of their financial accounts. It combines data from bank accounts, mutual funds, stocks, and more into a single dashboard. The platform also provides personalized investment advisory services powered by advanced algorithms, helping users make better financial decisions. Built on the Account Aggregator framework, PBMoney will eventually integrate insurance and GST data for a more comprehensive financial overview.

SEBI (Securities and Exchange Board of India) is the regulatory body currently considering revamping short-selling norms. The proposed changes aim to expand access to short-selling, remove disclosure requirements, and address settlement challenges. SEBI's role is to regulate the securities market, and its involvement in these proposed adjustments reflects its responsibility for overseeing market activities and ensuring smooth functioning.

IIFL Finance, a prominent non-banking financial company (NBFC) in India, launched ‘Shakti’ all-women branches in celebration of Women’s Day. Seven of its existing branches were transformed into exclusively women-staffed branches located in the Delhi NCR and Mumbai Metropolitan Regions. This initiative promotes gender diversity and inclusion in the financial sector, empowers women entrepreneurs, and focuses on offering financial literacy and skill development programs to help women scale their businesses. IIFL Finance’s goal is to support women in underserved communities and strengthen financial inclusion across India.

The Insurance Regulatory and Development Authority of India (IRDAI) released the ‘Handbook on Indian Insurance Statistics 2023-24’ in March 2025. This report provides valuable insights into the Claim Settlement Ratio (CSR) of various insurers, which helps consumers and stakeholders assess the efficiency and reliability of insurance companies in India. The report is vital in understanding the performance of private and public insurers in settling claims, offering a detailed breakdown of CSR metrics across different life insurance companies.

The current share of central tax revenues allocated to states is 41%. However, the Union government is considering reducing this share to at least 40% from the fiscal year 2026-27, aiming to address rising expenditure needs at the Centre. This proposal will be presented to the Finance Commission of India, and if approved, it could increase the Centre's revenue by approximately ₹350 billion. This move is part of the Centre's broader fiscal strategy amidst growing spending demands.