Source: The post is based on the article “Digital Banks and the promise of digital inclusion” published in Livemint on 26th July 2022. Contents1 What is the News?2 What are the planned digital banks? 3 How are digital banks different from digital banking units? 4 What purpose will digital banks serve? 5 What does NITI Aayog suggest for… Continue reading Digital Banks and the promise of digital inclusion
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.
NDDB MRIDA Limited: Union Minister launches NDDB’s subsidiary for manure management
Source: The post is based on the article “Union Minister launches NDDB’s subsidiary for manure management” published in PIB on 25th July 2022. What is the News? The Union Minister of Fisheries, Animal Husbandry and Dairying has launched NDDB MRIDA Limited. What is NDDB MRIDA Limited? NDDB MRIDA Limited is a wholly-owned subsidiary company of… Continue reading NDDB MRIDA Limited: Union Minister launches NDDB’s subsidiary for manure management
Explained: Making use of forex reserves
Source: The post is based on the article “Explained: Making use of forex reserves” published in Indian Express on 25th July 2022. What is the News? From a peak of $642.45 billion in 2021, India’s foreign exchange reserves have dipped to $572.71 billion as of July 2022. That’s a fall of almost $70 billion in… Continue reading Explained: Making use of forex reserves
Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to
Source: The post is based on the article “Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to” published in Indian Express on 23rd July 2022. Contents1 What is the News?2 What has been the process to initiate Corporate Insolvency Resolution Process(CIRP) so far?3 What has changed… Continue reading Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to
Explained: Why India has cut windfall tax on diesel, aviation fuel exports
Source: The post is based on the article “Explained: Why India has cut windfall tax on diesel, aviation fuel exports” published in Indian Express on 20th July 2022. Contents1 What is the News?2 What is the Windfall Tax?3 What was the windfall tax imposed by the Government?4 Why is the Windfall Tax now withdrawn? What… Continue reading Explained: Why India has cut windfall tax on diesel, aviation fuel exports
Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
Source: The post is based on the article “Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India” published in PIB on 21st July 2022. What is the News? Jawaharlal Nehru Port(JNP) has become the first major landlord port in India following the awarding of a private tender to expand Jawaharlal Nehru Port Container… Continue reading Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting
Source: The post is based on the article “The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting” published in PIB on 22nd July 2022. What is the News? The Minister of Commerce and Industry has informed Rajya Sabha about Agreement on Fisheries Subsidies. What is the Agreement on Fisheries Subsidies? The WTO Agreement… Continue reading The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting
Explained: MSP and govt panel’s task
Source: The post is based on the article “Explained: MSP and govt panel’s task” published in Indian Express on 20th July 2022. Contents1 What is the News?2 Why has the committee been set up?3 What is the composition and purpose of the committee?4 Why have the protesting farm unions opposed this committee?5 What is the… Continue reading Explained: MSP and govt panel’s task
NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India
Source: The post is based on the article “NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India” published in PIB on 20th July 2022. Contents1 What is the News?2 What is the purpose of the report?3 What are the key highlights from the report?4 What would be the structure… Continue reading NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India
Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes
Source: The post is based on the article “Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes” published in PIB on 20th July 2022. Contents1 What is the News?2 What are Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022?2.1 Key Provisions of the Rules3 Who will… Continue reading Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes
