Source: The post is based on the article “Friction over formula: why some States get more from Centre” published in The Hindu on 16th March 2023 What is the News? The 15th Finance Commission has given the population (Census 2011) a higher weightage over performance. This revenue-sharing formula has created friction between States and the… Continue reading Friction over formula: why some States get more from Centre
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.
India to have a modern and smart power transmission system; Government accepts the Task Force report
Source: The post is based on the article “India to have a modern and smart power transmission system; Government accepts the Task Force report” published in PIB on 14th March 2023 What is the News? The Ministry of Power has accepted the Recommendations of the Task Force Report setup to adopt the Future-Ready Transmission System… Continue reading India to have a modern and smart power transmission system; Government accepts the Task Force report
RBI has allowed banks from 18 countries to trade in rupee: government in Rajya Sabha
Source: The post is based on the article “RBI has allowed banks from 18 countries to trade in rupee: government in Rajya Sabha” published in The Hindu on 15th March 2023 What is the News? The Reserve Bank of India(RBI) has granted approvals to banks from 18 countries to open Special Rupee Vostro Accounts to… Continue reading RBI has allowed banks from 18 countries to trade in rupee: government in Rajya Sabha
IREDA gets ‘Infrastructure Finance Company’ status from RBI
Source: The post is based on the article “IREDA gets ‘Infrastructure Finance Company’ status from RBI” published in PIB on 14th March 2023 What is the News? The Reserve Bank of India(RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency(IREDA).It was earlier classified as ‘Investment and Credit Company (ICC)’.… Continue reading IREDA gets ‘Infrastructure Finance Company’ status from RBI
Russia crude in tank, India steps up petroleum product exports to EU as region shuns Moscow
Source: The post is based on the article “Russia crude in tank, India steps up petroleum product exports to EU as region shuns Moscow” published in Indian Express on 13th March 2023. What is the News? India’s petroleum product exports to the European Union (EU) have grown notably over the past few months as the… Continue reading Russia crude in tank, India steps up petroleum product exports to EU as region shuns Moscow
Har Payment Digital Mission: RBI initiates 75 digital villages programme
Source: The post is based on the article “RBI initiates 75 digital villages programme” published in the Indian Express on 7th March 2023. What is the News? The Reserve Bank of India (RBI) has launched the ‘Har Payment Digital’ mission during Digital Payments Awareness Week (DPAW) 2023. About Har Payment Digital Mission Under this, the payment… Continue reading Har Payment Digital Mission: RBI initiates 75 digital villages programme
Finance Ministry brings crypto assets under Prevention of Money Laundering Act: What are the implications?
Source: The post is based on the article “‘Finance Ministry brings crypto assets under Prevention of Money Laundering Act: What are the implications?” published in Indian Express on 10th March 2023. What is the News? The Finance Ministry has notified that crypto or virtual asset businesses will now be in the ambit of the Prevention… Continue reading Finance Ministry brings crypto assets under Prevention of Money Laundering Act: What are the implications?
Railways ties up with ISRO for train tracking
Source: The post is based on the article “Railways ties up with ISRO for train tracking” published in The Hindu on 7th March 2023. What is the News? The Indian Railways is harnessing the power of data analytics for integrated rail transportation. It has launched a project called the Real Time Train Information System (RTIS)… Continue reading Railways ties up with ISRO for train tracking
What India’s labour force and national income data tell us about jobs shifting from agriculture
Source: The post is based on the article “What India’s labour force and national income data tell us about jobs shifting from agriculture” published in the Indian Express on 6th March 2023. What is the News? Two recent sets of data released by the National Sample Survey Office (NSSO) and the National Statistical Office (NSO) highlight the… Continue reading What India’s labour force and national income data tell us about jobs shifting from agriculture
U.S.-CDC probe into cough syrup deaths in The Gambia pins blame on Indian manufacturer
Source: The post is based on the article “U.S.-CDC probe into cough syrup deaths in The Gambia pins blame on Indian manufacturer” published in The Hindu on 4th March 2023. What is the News? The US Center for Disease Control and Prevention (CDC) investigation has found that contaminated medications made by India-based Maiden Pharmaceuticals were… Continue reading U.S.-CDC probe into cough syrup deaths in The Gambia pins blame on Indian manufacturer
