Contents1 What is the News?2 What is a Twin Deficit?3 What is Fiscal Deficit?4 Report on India’s Fiscal Deficit5 What is the Current Account Deficit?5.1 Report on Current Account Deficit What is the News? The Finance Ministry in its report has warned of a Twin Deficit Problem due to higher commodity prices and a rising… Continue reading Explained: India’s emerging twin deficit problem
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.
Five states need to take steps to stabilize debt levels: RBI
Contents1 What is the News?2 RBI on Status of States Debts3 What is the reason for the fiscal deterioration in these states?4 What are the recommendations given by RBI to states to improve their fiscal position? What is the News? According to a Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan,… Continue reading Five states need to take steps to stabilize debt levels: RBI
Indian interests at the WTO Ministerial Conference
What is the News? The 12th Ministerial Conference of the World Trade Organization has agreed to a series of deals relating to the temporary waivers on Covid-19 vaccines, a moratorium on e-commerce trade, food security and setting limits on harmful fishing subsidies. What is the Ministerial Conference of the WTO? The Ministerial Conference is the… Continue reading Indian interests at the WTO Ministerial Conference
India’s fishing subsidy win at WTO the start of a long fight
What is the News? At the 12th WTO Ministerial Conference, India was successful in defending the rights of developing countries to subsidize their fisheries. What have the WTO members agreed regarding the Fishing Subsidy? WTO members agreed on eliminating subsidies to those engaged in illegal, unreported and unregulated fishing. The only exception for continuing subsidies… Continue reading India’s fishing subsidy win at WTO the start of a long fight
Coal Ministry releases Eight Year Achievement Report of Coal Sector
Contents1 What is the News?2 What are the key initiatives launched by the Ministry of Coal in the last eight years?3 Coal Mining Surveillance & Management System (CMSMS)4 Khan-Prahari Mobile Application4.1 SHAKTI Scheme4.2 FDI Policy in Coal Mining What is the News? The Union Minister of Coal has released a report titled “Reforms & Achievements… Continue reading Coal Ministry releases Eight Year Achievement Report of Coal Sector
IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations,2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations,2017
Contents1 What is the News?2 What are the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations,2017?3 What is the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017?4 What are the amendments? What is the News? Insolvency and Bankruptcy Board of India has notified amendments to the Insolvency and… Continue reading IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations,2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations,2017
Railway Innovation Policy: In a boost to start-ups, Railways promises Rs 1.5 crore for tech ideas
Contents1 What is the News?2 What is Railway Innovation Policy?3 How will the startups be supported under the policy?4 What is the significance of this policy? What is the News? The Union Railways Minister has launched a Railway Innovation Policy titled “StartUps for Railways”. What is Railway Innovation Policy? Aim of the policy: To promote… Continue reading Railway Innovation Policy: In a boost to start-ups, Railways promises Rs 1.5 crore for tech ideas
Unemployment rate dips in first quarter of 2022: Survey
Contents1 What is the News?2 What are the key findings of the PLFS Survey?2.1 Unemployment Rate3 Labour Force Participation Rate(LFPR)4 Worker Population Ratio What is the News? The National Statistical Office (NSO) has released the quarterly bulletin of Periodic Labour Force Survey (PLFS) for January-March, 2022. What are the key findings of the PLFS Survey?… Continue reading Unemployment rate dips in first quarter of 2022: Survey
For the first time in a decade, WTO members reach historic deal at Geneva
Contents1 What is the News?2 What are the major outcomes of a deal at the 12th Ministerial Conference(MC12)?2.1 TRIPS Waiver3 On Food Security4 On E-Transmission Moratorium5 On Fisheries Subsidies What is the News? For the first time in a decade, the members of the World Trade Organization (WTO) have finalized a historic deal at the… Continue reading For the first time in a decade, WTO members reach historic deal at Geneva
Steel Minister Inaugurates First Six – lane Highway Road made of Steel Slag at Surat, Gujarat
Contents1 What is the News?2 What is Steel Slag Road?3 Why Steel Slag?4 What are the benefits of Steel Slag Road? What is the News? The Union Minister of Steel has inaugurated the first six-lane highway road made by using Steel Slag at Surat, Gujrat. What is Steel Slag Road? Steel Slag Road is a… Continue reading Steel Minister Inaugurates First Six – lane Highway Road made of Steel Slag at Surat, Gujarat
