Contents1 What is the News?2 What is a Spectrum Auction?3 What Spectrum bands will be auctioned?4 How will the Auction be conducted?5 What are Private Captive Networks? What is the News? The Union Cabinet has approved a proposal of the Department of Telecommunications to conduct a spectrum auction through which spectrum will be assigned to… Continue reading Cabinet approves Auction of IMT/5G Spectrum
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.
RBI lens on neobanks amid rapid growth in customers
Contents1 What is the News?2 What are Neo Banks?3 What is the difference between Neo Banks and Traditional Banks?4 What is the difference between Neo Bank and Digital Bank?5 What are the advantages of Neo Banks?6 What are the challenges of Neo Banks? What is the News? The Reserve Bank of India(RBI) is taking a… Continue reading RBI lens on neobanks amid rapid growth in customers
India opposes e-transmission moratorium
What is the News? At the 12th Ministerial Conference(MC 12) of the World Trade Organization (WTO), India has opposed the continuation of the moratorium on customs duties on e-commerce trade as the issue now has huge implications for the economy of developing countries. What is the E-Transmission Moratorium? Click Here to read about it Why… Continue reading India opposes e-transmission moratorium
Explained: The RBI plan to link credit cards with UPI
What is the News? The Reserve Bank of India has proposed to allow the linking of credit cards with the Unified Payments Interface(UPI). Linking of Credit Cards with UPI The linking of Credit Cards with UPI will first begin with the indigenous RuPay credit cards. Both the RuPay network and UPI are managed by the… Continue reading Explained: The RBI plan to link credit cards with UPI
Diversify crops, shift rice to places that can support it: Central panel
Contents1 What is the News?2 What are the recommendations given by CACP?3 Need for Crop Diversification4 Favour Oilseed Crops What is the News? The Commission for Agricultural Cost and Prices(CACP) has recommended the promotion of crop diversification, favouring oilseed crops amid the global inflation in oilseeds and vegetable oils prices. What are the recommendations given… Continue reading Diversify crops, shift rice to places that can support it: Central panel
Explained: Why bond yields are rising, and what it means for markets and investors
What is the News? In India, Bond yields have risen to their highest levels in the last three years. What are Bond and Bond Yield? A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). Bonds are used by companies, municipalities, states, and… Continue reading Explained: Why bond yields are rising, and what it means for markets and investors
World Investment Report: India 7th in FDI inflows: UNCTAD
Contents1 What is the News?2 What are the key findings of the report?2.1 Global findings3 Findings related to India What is the News? The United Nations Conference on Trade and Development(UNCTAD) has released the World Investment Report. What are the key findings of the report? Global findings The United States ($367 billion) remained the top… Continue reading World Investment Report: India 7th in FDI inflows: UNCTAD
What are ‘green jobs’, mentioned by the PM in his Environment Day speech?
Contents1 What is the News?2 What are Green Jobs?3 Initiatives to Promote Green Jobs3.1 Green Jobs Initiative 3.2 Skill Council for Green Jobs What is the News? At an event to mark World Environment Day, the Prime Minister spoke about India’s consistent efforts to combat climate change. He also mentioned India’s efforts to create ‘green jobs’.… Continue reading What are ‘green jobs’, mentioned by the PM in his Environment Day speech?
Union Finance Minister launches Single Nodal Agency(SNA) Dashboard as a part of the Azadi ka Amrit Mahotsav (AKAM) celebration
What is the News? The Union Minister for Finance has launched the Single Nodal Agency(SNA) Dashboard of PFMS (Public Financial Management System). What is SNA Dashboard? SNA Dashboard is a major reform initiated in 2021. Purpose: It is a system with regards to the manner in which funds for Centrally Sponsored Schemes (CSS) are released,… Continue reading Union Finance Minister launches Single Nodal Agency(SNA) Dashboard as a part of the Azadi ka Amrit Mahotsav (AKAM) celebration
Explained: How ‘Use and File’ system will bring new health insurance products faster
Contents1 What is the News?2 What is the Current System?3 What is the “Use and File” procedure?4 How will this be beneficial?5 What if the IRDAI raises concerns over such a product later?6 What is the status of the health insurance business in India? What is the News? The Insurance Regulatory and Development Authority of… Continue reading Explained: How ‘Use and File’ system will bring new health insurance products faster
