What is the News? The Railways is aiming to introduce the country’s first semi-high speed freight train named the ‘Gati Shakti’ train by December 2022. What is the ‘Gati Shakti’ train? The train is based on the Vande Bharat platform. The train has 16-coach and will be able to run at 160 km/hour. Initially, two… Continue reading India to get semi-high speed freight train
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.
Front running: Sebi likely to soon initiate stringent action
Contents1 What is the News?2 What is Front running?3 What are the concerns associated with front running?4 What are the regulations against front running? What is the News? Recently, there was a case of mutual fund irregularities, including front-running the AMC’s transactions. The Securities and Exchange Board of India (Sebi) is expected to take harsh… Continue reading Front running: Sebi likely to soon initiate stringent action
World lost 11.2 crore jobs in the first quarter of 2022: ILO
Contents1 What is the News?2 What are the key findings of the “world of work” report?3 Findings related to India4 What are the suggestions provided by the report? What is the News? The “world of work” report has been released by International Labour Organisation. What are the key findings of the “world of work” report?… Continue reading World lost 11.2 crore jobs in the first quarter of 2022: ILO
What does India’s inequality report card have to say?
What is the News? Recently, the Economic Advisory Council to the Prime Minister(EAC-PM) has released the State of Inequality in India Report. About the State of Inequality in India Report and its findings Must read: State of Inequality in India Report Some other related findings Income inequality: As per the Periodic Labour Force Survey (PLFS)… Continue reading What does India’s inequality report card have to say?
Government lifts “Export Prohibition” on Bamboo Charcoal for Higher Profitability of Bamboo Industry
Contents1 What is the News?2 Background3 What can be done to overcome this problem?4 What was the issue then with Bamboo Charcoal?5 What has the Government done now? What is the News? The Centre has lifted the “export prohibition” on bamboo charcoal to boost the utilization of raw bamboo and support the industry. Background Bamboo… Continue reading Government lifts “Export Prohibition” on Bamboo Charcoal for Higher Profitability of Bamboo Industry
GST Council recommendations not binding on government: SC
What is the News? The Supreme Court has ruled that the recommendations of the GST council are not binding on the Union and the State Governments. What are the key highlights from the Supreme Court judgment on GST? Firstly, the recommendations of the GST Council are the product of a collaborative dialogue involving the Union… Continue reading GST Council recommendations not binding on government: SC
Union Minister chairs meeting on Lab Grown Diamonds; Focus on Research and Development, setting up common facilities and skilling of adequate manpower
What is the News? The Union Minister for Commerce & Industry chaired a meeting with the representatives of Lab-Grown Diamonds Industry today in New Delhi. What are Lab Grown Diamonds? Lab-grown diamonds are diamonds which are grown inside a lab using cutting-edge technology that replicates the natural diamond growing process and the result is a… Continue reading Union Minister chairs meeting on Lab Grown Diamonds; Focus on Research and Development, setting up common facilities and skilling of adequate manpower
Explained: What is fair and average quality wheat, the norms for which have been relaxed by the government?
What is the News? The Centre has relaxed the Fair and Average Quality(FAQ) norms for wheat in the ongoing rabi marketing season in Punjab, Haryana, and Chandigarh raising the permissible limit of “shriveled and broken grains” to 18% from the existing 6%. Procurement Process of Wheat Every year, before procurement begins in April, the Storage… Continue reading Explained: What is fair and average quality wheat, the norms for which have been relaxed by the government?
The repo rate in India
Contents1 What is the News?2 What is Repo Rate?3 What is the importance of Repo Rate?4 How does Repo Rate function as a monetary tool?5 What impact does Repo Rate have on inflation? What is the News? Reserve Bank of India has announced that the RBI’s Monetary Policy Committee(MPC) had held an ‘off-cycle’ meeting at… Continue reading The repo rate in India
Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel
Contents1 What is the News?2 What is Dollarisation?3 How crypto would lead to the dollarisation of part of the economy?4 What are the other concerns highlighted by RBI on crypto?5 What are the steps taken by the Government of India to regulate Crypto? What is the News? Officials from the Reserve Bank of India told… Continue reading Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel
