Source: The post is based on the article “Union Minister launches India’s first Centre of Excellence for Green Port & Shipping” published in PIB on 20th November 2022. What is the News? The Union Minister of Ports, Shipping & Waterways has announced India’s first National Centre of Excellence for Green Port & Shipping(NCoEGPS). What is… Continue reading Union Minister launches India’s first Centre of Excellence for Green Port & Shipping
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.
Committee to monitor bulk drug parks
Source: The post is based on the article “Committee to monitor bulk drug parks” published in the Livemint on 17th November. What is the News? The department of pharmaceuticals has set up a high-level committee to monitor the progress of bulk drug parks that are being set up in three states. The parks in Andhra Pradesh,… Continue reading Committee to monitor bulk drug parks
TRAI to roll out caller ID system to rival Truecaller in 3 weeks
Source: The post is based on the article “TRAI to roll out caller ID system to rival Truecaller in 3 weeks” published in Livemint on 17th November 2022 Contents1 What is the News?2 How will TRAI’s caller ID work?3 How will TRAI called ID be different from Truecaller?4 How can this new feature be useful… Continue reading TRAI to roll out caller ID system to rival Truecaller in 3 weeks
SEBI puts in place registration, regulatory framework for online bond platform providers
Source: The post is based on the article “SEBI puts in place registration, regulatory framework for online bond platform providers” published in Livemint on 16th November 2022 Contents1 What is the News?2 What is an Online Bond Platform?3 Why regulatory framework for Online Bond Platform Providers (OBPPs)?4 What are the key provisions of the regulatory framework… Continue reading SEBI puts in place registration, regulatory framework for online bond platform providers
Nine Russian banks open Vostro accounts for rupee trade
Source: The post is based on the article “Nine Russian banks open Vostro accounts for rupee trade” published in The Hindu on 16th November 2022 What is the News? Nine Russian banks have been permitted to open special Vostro accounts to pave the way for export-import transactions. What is a Vostro account? A Vostro account… Continue reading Nine Russian banks open Vostro accounts for rupee trade
Financing India’s infrastructure: India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report
Source: The post is based on the article “India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report” published in The Hindu on 15th November 2022. Contents1 What is the News?2 Why India needs to finance India’s Infrastructure?3 What are the key findings about financing India’s Infrastructure projects?4 What… Continue reading Financing India’s infrastructure: India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report
General Network Access: Regulatory loopholes may end up favouring bigger players: Experts
Source: The post is based on the article “Regulatory loopholes may end up favouring bigger players: Experts” published in The Hindu on 14th November 2022. Contents1 What is the News?2 What is General Network Access(GNA)?3 What are the benefits of the General Network Access(GNA) regulatory framework?4 What are the issues with the GNA framework now?… Continue reading General Network Access: Regulatory loopholes may end up favouring bigger players: Experts
Significant inefficiencies: RBI report on municipal corporations
Source: The post is based on the article “Significant inefficiencies: RBI report on municipal corporations” published in Indian Express on 11th November 2022. What is the News? The Reserve Bank of India (RBI) has released a document titled “Report on Municipal Finances”. What are the key observations made by the report? On Municipal Corporations (MCs):… Continue reading Significant inefficiencies: RBI report on municipal corporations
Centre formulates action plan to promote exports of millets and value-added products of millets
Source: The post is based on the article “Centre formulates action plan to promote exports of millets and value-added products of millets” published in PIB on 10th November 2022. Contents1 What is the News?2 What is Millets exports promotion programme?2.1 Key Features of the programme3 About Millets production in India What is the News? The… Continue reading Centre formulates action plan to promote exports of millets and value-added products of millets
Centre’s capex infusion strategy needs rethink
Source: The post is based on the article “Centre’s capex infusion strategy needs rethink” published in Livemint on 10th November 2022. What is the News? The Government of India is likely to raise its capital expenditure plan further.It could raise its expenditure from 7.5 trillion rupees in FY23 to 10 trillion rupees in FY24. What… Continue reading Centre’s capex infusion strategy needs rethink
