Source- This post on RBI draft rules for payment aggregators has been created based on the article “RBI’s draft rules for payment aggregators” published in “The Hindu” on 24 April 2024. Why in the news? The Reserve Bank of India is proposing new regulations for offline payment aggregators (PAs) to enhance safety. About the payment aggregators:… Continue reading RBI draft rules for payment aggregators
Category: Factly – Indian Economy
This category contains all Current Affairs Factly Articles for Prelims, related to the Indian economy. You can find all relevant Economy updates on this page. This page is specifically useful for UPSC Prelims exam.
Target to achieve $1 trillion goods exports by 2030
Source- This post on Target to achieve $1 trillion goods exports by 2030 has been created based on the article “Target is to achieve $1 trillion goods exports by 2030: Trade Ministry” published in “The Indain Express” on 24 April 2024. Why in the news? The Ministry of commerce has set a target to achieve $1… Continue reading Target to achieve $1 trillion goods exports by 2030
Selling of Surplus power from linkage coal
Source: The post on Selling of Surplus power from linkage coal is based on the article“Surplus power from “linkage coal” can be sold by thermal stations in the market: Power Ministry tells utilities as summer heat intensifies” published in “The Indian Express” on 24th April 2024. What is the News? Recently, the Ministry of Power has clarified… Continue reading Selling of Surplus power from linkage coal
Gross Fixed Capital Formation
Source– This post on Gross Fixed Capital Formation is based on the article “Why have private investments dropped?” published in “The Hindu” on 19th April 2024. Why in the News? The failure of private investment to pick up pace has been one of the major issues plaguing the Indian economy. About Gross Fixed Capital Formation… Continue reading Gross Fixed Capital Formation
Special Rupee Vostro Account (SRVA)
Source– This post on Special Rupee Vostro Account (SRVA) is based on the article “Payment mechanism for traders importing pulses from Myanmar simplified: Govt”published in “Economic times” on 16th April 2024. Why in the News? India has simplified the payment mechanism for traders importing pulses from Myanmar by facilitating them to use the Rupee/Kyat direct payment… Continue reading Special Rupee Vostro Account (SRVA)
India allows FIIs to Invest in Green Bonds
Source– This post on India allows FIIs to Invest in Green Bonds is based on the article “Why has India Allowed FIIs to Invest in Green Bonds?” published in “The Hindu” on 16th April 2024. Why in the News? Recently, the Reserve Bank of India (RBI) has allowed investments in the country’s Sovereign Green Bonds (SGrBs) by… Continue reading India allows FIIs to Invest in Green Bonds
India and Brazil working to harmonize their certification systems
Source- This post India and Brazil working to harmonize their certification systems is based on the article “India & Brazil plan certification to regularize trade of genetic material” on 16th April 2024. Why in news? India and Brazil are working to harmonize their certification systems for the trade in biological genetic material as well as… Continue reading India and Brazil working to harmonize their certification systems
Shrinkflation
Source- This post on Shrinkflation is based on the article “Shrinkflation makes its way back into FMCG“ published in “The Financial Express” on 15th April 2024. Why in the News? Recently, an increasing trend of shrinkflation has been observed in the Indian FMCG industry. About Shrinkflation 1. About: Shrinkflation is a combination of two words… Continue reading Shrinkflation
India and Mauritius amend Double Taxation Avoidance Agreement (DTAA)
Source-This post on India and Mauritius amend their Double Taxation Avoidance Agreement (DTAA) has been created based on the article “India, Mauritius revise tax treaty, aim to plug evasion” published in “The Indian Express” on 12 April 2024. Why in the news? Recently, India and Mauritius have amended their Double Taxation Avoidance Agreement (DTAA). About… Continue reading India and Mauritius amend Double Taxation Avoidance Agreement (DTAA)
How Interest Rates in US impacts India
Source- This post on How Interest Rates in US impacts India has been created based on the article “India to face most impact if high U.S. interest rates persist” published in “The Hindu” on 12 April 2024. Why in the news? The US Federal Reserve has decided to hike interest rates that will impact the… Continue reading How Interest Rates in US impacts India
