Source: The post is based on the article “Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report” published in Business Standard on 16th January 2023. What is the News? Real estate company Knight Frank has released a report titled “Wealth Report 2023 Attitude Survey: India Findings”. What are the key… Continue reading Wealth Report 2023 Attitude Survey: India Findings: Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report
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.
NFRA to introduce Annual Transparency Report by the Audit Firms
Source: The post is based on the article “NFRA to introduce Annual Transparency Report by the Audit Firms” published in PIB on 15th January 2023. Contents1 What is the News?2 What is the National Financial Reporting Authority(NFRA)?3 Why has NFRA proposed ATR requirements for audit firms?4 How will the ATR requirements for Audit firms be… Continue reading NFRA to introduce Annual Transparency Report by the Audit Firms
Levy anti-dumping duty on viscose fibre
Source: The post is based on the article “Levy anti-dumping duty on viscose fibre” published in The Hindu on 13th January 2023. What is the News? The Association of Man-made Fibre Industry of India(AMFII) has appealed to the Union Finance Ministry to accept the recommendations of the Directorate General of Trade Remedies(DGTR) on the levy… Continue reading Levy anti-dumping duty on viscose fibre
First time in India, FSSAI notifies comprehensive regulatory standards for Basmati Rice; Will be enforced from 1st August, 2023
Source: The post is based on the article “First time in India, FSSAI notifies comprehensive regulatory standards for Basmati Rice; Will be enforced from 1st August, 2023” published in PIB on 13th January 2023. What is the News? Food Safety and Standards Authority of India (FSSAI) has notified standards for basmati rice. They will be… Continue reading First time in India, FSSAI notifies comprehensive regulatory standards for Basmati Rice; Will be enforced from 1st August, 2023
India has made marked progress in LAC infra development: Army chief
Source: The post is based on the article “India has made marked progress in LAC infra development: Army chief” published in The Hindu on 13th January 2023. What is the News? Recently, the Indian Army chief General has said that there has been a “marked improvement” in India’s infrastructure development along the Line of Actual Control… Continue reading India has made marked progress in LAC infra development: Army chief
Centre notifies protocols to make flying easy for disabled
Source: The post is based on the article “Centre notifies protocols to make flying easy for disabled” published in TOI on 12th January 2023 What is the News? The Ministry of Civil Aviation has released the ‘Accessibility Standards and Guidelines for Civil Aviation’. What are Accessibility Standards and Guidelines for Civil Aviation? These are standards… Continue reading Centre notifies protocols to make flying easy for disabled
Godavari estuary has become prime habitat for Indian skimmer: expert
Source: The post is based on the article “Godavari estuary has become prime habitat for Indian skimmer: expert” published in The Hindu on 12th January 2023 Contents1 What is the News?2 What is an Indian Skimmer?3 What is Great Knot?4 What are Caspian Terns?5 What is Godavari Estuary? What is the News? The Godavari estuary… Continue reading Godavari estuary has become prime habitat for Indian skimmer: expert
Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments
Source: The post is based on the article “Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments” published in The Hindu on 12th January 2023 Contents1 What is the News?2 How will the scheme promote payments using RuPay cards and the Unified Payments Interface (UPI)?3 What is Unified Payments Interface(UPI)?4 What are… Continue reading Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments
RBI’s revised guidelines for locker management
Source: The post is based on the article “RBI’s revised guidelines for locker management” published in The Hindu on 11th January 2023 What is the News? The Reserve Bank of India (RBI) has released revised bank locker rules. The rules will take effect from January 1, 2023. Why were these revised bank locker rules released… Continue reading RBI’s revised guidelines for locker management
SC demonetisation verdict: What is delegated legislation
Source: The post is based on the article “SC demonetisation verdict: What is delegated legislation” published in Indian Express on 11th January 2023 Contents1 What is the News?2 What is Delegated Legislation?3 What was the delegation of power in the demonetisation case?4 What was the Supreme Court verdict on demonetization?5 Why is excessive delegation power… Continue reading SC demonetisation verdict: What is delegated legislation
