Contents1 What is the News?2 Salt Industry in India3 Government of India’s role in the Salt Industry4 What are the problems the Salt Industry is facing currently?5 What should the government do to solve the problems in the Salt Industry? What is the News? The Salt Industry is facing enormous challenges in meeting the demand… Continue reading Crisis in salt sector hits 5 lakh people in Gujarat
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.
Biodiversity loss to raise India’s bankruptcy risk 29%
Contents1 What is the News?2 What are Sovereign credit ratings?3 What is the link between Sovereign credit rating and Biodiversity loss?4 How will this impact ordinary people? What is the News? According to a study by British economists, loss of biodiversity will downgrade the Sovereign credit ratings of several countries including India increasing their bankruptcy… Continue reading Biodiversity loss to raise India’s bankruptcy risk 29%
India’s First Logistics Excellence Awards highlight the contributions of the Private Sector driving change and innovation in the Logistics Sector
What is the News? The Government of India has hosted its first-ever National Logistics Excellence Awards. What is the National Logistics Excellence Awards? Launched by: Ministry of Commerce and Industry Aim: To acknowledge the many logistics service providers in the country that have been able to display innovation, diversity and efficiency. Categories: The awards were… Continue reading India’s First Logistics Excellence Awards highlight the contributions of the Private Sector driving change and innovation in the Logistics Sector
PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
What is the News? The Prime Minister has inaugurated ‘Vanijya Bhawan’ and launched the NIRYAT portal. What is Vanijya Bhawan? It is a new premises of the Ministry of Commerce and Industry. It is designed as a smart building which incorporates the principles of sustainable architecture with a special focus on energy saving. It will… Continue reading PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
Dutch disease
Contents1 What is the News?2 What is Dutch Disease?3 Who coined the term Dutch Disease?4 How to combat Dutch Disease? What is the News? This article talks about the Dutch Disease and how to combat it. What is Dutch Disease? Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across… Continue reading Dutch disease
Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
What is the News? The Reserve Bank of India(RBI) has released the “Payments Vision 2025”. What is “Payments Vision 2025”? Released by: Reserve Bank of India(RBI) Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es) Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes). Goalposts: The activities to… Continue reading Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
Explained: India’s emerging twin deficit problem
Contents1 What is the News?2 What is a Twin Deficit?3 What is Fiscal Deficit?4 Report on India’s Fiscal Deficit5 What is the Current Account Deficit?5.1 Report on Current Account Deficit What is the News? The Finance Ministry in its report has warned of a Twin Deficit Problem due to higher commodity prices and a rising… Continue reading Explained: India’s emerging twin deficit problem
Five states need to take steps to stabilize debt levels: RBI
Contents1 What is the News?2 RBI on Status of States Debts3 What is the reason for the fiscal deterioration in these states?4 What are the recommendations given by RBI to states to improve their fiscal position? What is the News? According to a Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan,… Continue reading Five states need to take steps to stabilize debt levels: RBI
Indian interests at the WTO Ministerial Conference
What is the News? The 12th Ministerial Conference of the World Trade Organization has agreed to a series of deals relating to the temporary waivers on Covid-19 vaccines, a moratorium on e-commerce trade, food security and setting limits on harmful fishing subsidies. What is the Ministerial Conference of the WTO? The Ministerial Conference is the… Continue reading Indian interests at the WTO Ministerial Conference
India’s fishing subsidy win at WTO the start of a long fight
What is the News? At the 12th WTO Ministerial Conference, India was successful in defending the rights of developing countries to subsidize their fisheries. What have the WTO members agreed regarding the Fishing Subsidy? WTO members agreed on eliminating subsidies to those engaged in illegal, unreported and unregulated fishing. The only exception for continuing subsidies… Continue reading India’s fishing subsidy win at WTO the start of a long fight
