Source: The post is based on the article “UPI transaction fee: Do prepaid cards, wallets stand to lose?” published in The Hindu on 31st March 2023 What is the News? The National Payments Corp. of India (NPCI), has introduced an interchange fee of up to 1.1% on merchant UPI transactions made via prepaid payment instruments… Continue reading UPI transaction fee: Do prepaid cards, wallets stand to lose?
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.
Govt. concedes disinvestment stalled by multiple challenges
Source: The post is based on the article “Govt. concedes disinvestment stalled by multiple challenges” published in The Hindu on 31st March 2023 What is the News? The Finance Ministry has publicly acknowledged the numerous challenges it is facing in its efforts to privatize public sector enterprises (PSEs) and raise funds through minority stake sales.… Continue reading Govt. concedes disinvestment stalled by multiple challenges
India urges G20 to find ways to shrink widening trade finance gap
Source: The post is based on the article “India urges G20 to find ways to shrink widening trade finance gap” published in The Hindu on 29th March 2023. What is the News? Under India’s Presidency, the first G20 Trade and Investment Working Group (TIWG) meeting has been conducted. In this, India highlighted the widening trade finance gap. As… Continue reading India urges G20 to find ways to shrink widening trade finance gap
Panel to look at ways to boost multilateral banks
Source: The post is based on the article “Panel to look at ways to boost multilateral banks” published in TOI on 29th March 2023 What is the News? A nine-member G20 expert panel has been set up to suggest ways to strengthen multilateral development banks (MDBs) like the World Bank. About the G20 expert group… Continue reading Panel to look at ways to boost multilateral banks
Trains to ply on ‘world’s highest rail bridge’ in 2024: Railway Minister
Source: The post is based on the article “Trains to ply on ‘world’s highest rail bridge’ in 2024: Railway Minister” published in The Hindu on 27th March 2023. What is the News? Chenab bridge is expected to have trains plying on it by January-February 2024. What is Chenab Bridge? Chenab Bridge is the world’s highest… Continue reading Trains to ply on ‘world’s highest rail bridge’ in 2024: Railway Minister
Bharat 6G project: India plans to roll out high-speed internet by 2030
Source: The post is based on the article “Bharat 6G project: India plans to roll out high-speed internet by 2030” published in the Indian Express on 23rd March 2023 What is the News? The Prime Minister has unveiled a Vision Document to roll out high-speed 6G Communication Services by 2030 and also launched Bharat 6G… Continue reading Bharat 6G project: India plans to roll out high-speed internet by 2030
No more rights to foreign carriers in India. Why?
Source: The post is based on the article “No more rights to foreign carriers in India. Why?” published in Livemint on 23rd March 2023 What is the News? India says it has no plans to provide any more flying rights or ‘bilateral rights’ to foreign airlines, as the country wants its own carriers to become… Continue reading No more rights to foreign carriers in India. Why?
Indian Army to reintroduce millets in rations of soldiers
Source: The post is based on the article “Indian Army to reintroduce millets in rations of soldiers” published in The Hindu on 23rd March 2023 What is the News? The Indian Army has decided to reintroduce millet flour in the rations of soldiers. Why has the Indian Army decided to introduce millet in the rations… Continue reading Indian Army to reintroduce millets in rations of soldiers
Number of foreign businesses exiting India surpass new entrants
Source: The post is based on the article “Number of foreign businesses exiting India surpass new entrant” published in The Hindu on 23rd March 2023 What is the News? Over the past few years, foreign businesses exiting India have outnumbered those entering it. What does the government data say about foreign firms in India? The… Continue reading Number of foreign businesses exiting India surpass new entrants
India aims at becoming ‘Global Hub for Green Ship’ building by 2030 with launch of Green Tug Transition Programme(GTTP): Union Minister
Source: The post is based on the article “India aims at becoming ‘Global Hub for Green Ship’ building by 2030 with launch of Green Tug Transition Programme(GTTP): Union Minister” published in PIB on 22nd March 2023 What is the News? Union Minister of Ports, Shipping & Waterways (MoPSW) has said India aims at becoming ‘Global… Continue reading India aims at becoming ‘Global Hub for Green Ship’ building by 2030 with launch of Green Tug Transition Programme(GTTP): Union Minister
