What is the News? RBI has cancelled the Certificate of Registration(CoR) issued to P C Financial Services Pvt Ltd, which was primarily engaged in mobile app-based lending operations through an app called ‘Cashbean’. The registration was cancelled as the company was found charging a usurious rate of interest and other charges to its borrowers in… Continue reading Explained: Why digital lenders have come under the scanner
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.
What rising loan disbursals mean for the economy?
Contents1 What is the News?2 How does bank credit help the economy?3 What impacts bank credit disbursal?4 Why was there a slowdown in bank credit during the pandemic?5 Why is there an increase in Bank Credit growth now? What is the News? There has been a rise in lending by commercial banks in recent months.… Continue reading What rising loan disbursals mean for the economy?
Russia-Ukraine crisis may give India opportunity to export more wheat
What is the News? The Russia-Ukraine conflict may give India an opportunity to ship more wheat in the global markets. How much do Russia and Ukraine contribute to Wheat exports? Russia is the world’s largest exporter of wheat, accounting for more than 18% of international exports. In 2019, Russia and Ukraine together exported more than… Continue reading Russia-Ukraine crisis may give India opportunity to export more wheat
Role of Market Infrastructure Institutions(MIIs)
Contents1 What is the News?2 What are Market Infrastructure Institutions (MIIs)?3 Which institutions in India qualify as MIIs?4 Why are governance norms critical in the regulation of MIIs? What is the News? National Stock Exchange(NSE), the country’s largest equities and derivatives exchange was fined by SEBI for laxity in governance pertaining to actions taken during… Continue reading Role of Market Infrastructure Institutions(MIIs)
What Industrial Outlook Survey findings show
What is the News? The 96th round of the Industrial Outlook Survey of the Manufacturing Sector for Q3 2021-22. What is the Industrial Outlook Survey of the Manufacturing Sector? Released by: Reserve Bank of India(RBI) Purpose: To capture a qualitative assessment of the business climate and expectations for the ensuing quarter. What does the 96th… Continue reading What Industrial Outlook Survey findings show
25th Meeting of Financial Stability and Development Council held in Mumbai
What is the News? The 25th meeting of the Financial Stability and Development Council (FSDC) was held under the Chairpersonship of the Union Finance Minister. The Council noted that the Government and all regulators need to maintain a constant vigil on the financial conditions and functioning of important financial institutions, especially considering that it could… Continue reading 25th Meeting of Financial Stability and Development Council held in Mumbai
Green Financing Critical to Decarbonizing the Indian Transport Sector
What is the News? NITI Aayog and World Resources Institute(WRI), India has conducted a virtual consultation workshop on ‘Financing for Decarbonization of Transport’. What was the purpose of the workshop? Aim: To identify actionable strategies and bring together financing institutions and transport organizations to collectively work towards furthering innovative financing policies for the decarbonization of… Continue reading Green Financing Critical to Decarbonizing the Indian Transport Sector
What does record food production mean for India?
Contents1 What is the News?2 How was the food production in India this year?3 What does this mean for retail food prices?4 What are the risks going ahead?5 What steps the government should take? What is the News? Food production in India is estimated to touch a record 316 million tonnes in 2021-22, 8% more … Continue reading What does record food production mean for India?
Explained: Why are states worried about high capex in Budget 2022?
What is the News? States have raised apprehensions about the rise in capital expenditure proposals outlined in the Union Budget 2022-23. What has the Budget announced on the capital expenditure? The Budget has proposed an increase in the capital expenditure by 24% to Rs 7.5 lakh crore compared with the revised estimate for 2021-22 at… Continue reading Explained: Why are states worried about high capex in Budget 2022?
e-Rupi limit hike to promote offline digital payment push
Contents1 What is the News?2 What is e-Rupi?3 Key Features of e-Rupi4 Future of e-Rupi What is the News? Reserve Bank of India(RBI) has increased the e-Rupi voucher limit to Rs 1 Lakh from Rs 10,000. RBI has also allowed one e-Rupi voucher to be used multiple times until it has been fully redeemed. What… Continue reading e-Rupi limit hike to promote offline digital payment push
