Source: The post is based on the article “Why has SEBI proposed tightening responsibilities of mutual funds trustee” published in Indian Express on 14th February 2023. What is the News? The Securities and Exchange Board of India(SEBI) has proposed to review the role and accountability of trustees of mutual funds with an aim to protect… Continue reading Why has SEBI proposed tightening responsibilities of mutual funds trustee
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.
New broadband definition highlights the plight of India’s barely connected “grey spots”
Source: The post is based on the article “New broadband definition highlights the plight of India’s barely connected grey spots” published in The Hindu on 13th February 2023. What is the News? Recently, the definition of broadband was upgraded to mandate a minimum speed of 2Mbps. But telecom companies rarely prioritize the connectivity of users… Continue reading New broadband definition highlights the plight of India’s barely connected “grey spots”
G-20 tourists can use UPI at select Indian airports: How?
Source: The post is based on the article “G-20 tourists can use UPI at select Indian airports: How?” published in Indian Express on 13th February 2023. What is the News? Reserve Bank of India(RBI) has permitted all inbound travellers from the Group of Twenty (G-20) countries and non-resident Indians to access Unified Payment Interface (UPI)… Continue reading G-20 tourists can use UPI at select Indian airports: How?
Centre proposes hefty hike in charges at small airports
Source: The post is based on the article “Centre proposes hefty hike in charges at small airports” published in Livemint on 13th February 2023. What is the News? The Ministry of Civil Aviation has proposed to hike the parking and user development fees at small airports. What has the Ministry of Civil Aviation proposed for… Continue reading Centre proposes hefty hike in charges at small airports
Centre formulates ‘Action Plan for Champion Sectors in Services’ to give focused attention to 12 identified Champion Services Sectors
Source: The post is based on the article “Centre formulates ‘Action Plan for Champion Sectors in Services’ to give focused attention to 12 identified Champion Services Sectors” published in PIB on 11th February 2023. What is the News? Centre has formulated an ‘Action Plan for Champion Sectors in Services’ to give focused attention to Champion… Continue reading Centre formulates ‘Action Plan for Champion Sectors in Services’ to give focused attention to 12 identified Champion Services Sectors
RBI announces pilot for QR code-based Coin Vending Machine
Source: The post is based on the article “RBI announces pilot for QR code-based Coin Vending Machine” published in Economic Times on 10th February 2023 What is the News? Reserve Bank of India(RBI) is preparing a pilot project on QR code-based Coin Vending Machine(QCVM) in collaboration with a few leading banks. What is a QR… Continue reading RBI announces pilot for QR code-based Coin Vending Machine
India’s accreditation system ranked 5th globally; overall quality infrastructure system in Top 10
Source: The post is based on the article “India’s accreditation system ranked 5th globally; overall quality infrastructure system in Top 10” published in PIB on 10th February 2023 What is the News? According to the Global Quality Infrastructure Index(GQII) 2021, India has been ranked as the 5th best country in the world when it comes… Continue reading India’s accreditation system ranked 5th globally; overall quality infrastructure system in Top 10
How RBI rate hikes impact your home loan EMIs, and what can help
Source: The post is based on the article “How RBI rate hikes impact your home loan EMIs, and what can help” published in Indian Express on 10th February 2023. What is the News? Recently, the Reserve Bank of India has increased the Repo rate. How the repo rate increase will impact the borrowings? People with… Continue reading How RBI rate hikes impact your home loan EMIs, and what can help
What are Primary Agricultural Credit Societies?
Source: The post is based on the article “What are Primary Agricultural Credit Societies?” published in Indian Express on 9th February 2023. What is the News? The Union Budget has announced Rs 2,516 crore for computerisation of Primary Agricultural Credit Societies(PACS) over the next five years. What are Primary Agricultural Credit Societies(PACS)? PACS are village-level… Continue reading What are Primary Agricultural Credit Societies?
Explained | The status and proceeds of disinvestment
Source: The post is based on the article “Explained | The status and proceeds of disinvestment” published in The Hindu on 9th February 2023. What is the News? In the Union Budget for 2023-24, the government has set a disinvestment target of ₹51,000 crore, down nearly 21% from the budget estimate for the current year… Continue reading Explained | The status and proceeds of disinvestment
