Current affairs for UPSC

Daily notes mapped to syllabus topics, with “Asked before” PYQs and original practice MCQs.

Latest current affairs

GS3 · Banking

RBI drafts new rules on novation of OTC derivatives

Novation means replacing one party to a contract with another. Clear rules matter as OTC derivative markets grow and more contracts change hands.

UPSC angle: Prelims: Section 45W, novation.

9 Jul 2025

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