Source: The post is based on the article “Explained | How will global layoffs impact India?” published in The Hindu on 3rd December 2022. What is the News? Many U.S. multinational companies have announced massive layoffs, which already crossed 60,000 in September and October 2022. What is Layoff? A layoff is the temporary or permanent… Continue reading Explained | How will global layoffs impact India?
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.
e-Rupee: Here’s a Quixplained on India’s first official digital currency
Source: The post is based on the article “e-Rupee: Here’s a Quixplained on India’s first official digital currency” published in Indian Express on 2nd December 2022. What is the News? The Reserve Bank of India (RBI) has launched the Central Bank Digital Currency (CBDC) — digital rupee or e-rupee(e₹). What is CBDC or the digital… Continue reading e-Rupee: Here’s a Quixplained on India’s first official digital currency
What is wet leasing of aircraft, for which govt has relaxed rules
Source: The post is based on the article “What is wet leasing of aircraft, for which govt has relaxed rules” published in Livemint on 30th November 2022. What is the News? The Ministry of Civil Aviation has relaxed rules related to the wet leasing of aircraft. It has allowed the wet leasing for a year… Continue reading What is wet leasing of aircraft, for which govt has relaxed rules
RBI announces launch of first pilot for retail digital rupee on 1 Dec
Source: The post is based on the article “RBI announces launch of first pilot for retail digital rupee on 1 Dec” published in Livemint on 30th November 2022. What is the News? The Reserve Bank of India (RBI) has announced the launch of the first pilot for retail digital Rupee or e-rupee from December 1,2022.… Continue reading RBI announces launch of first pilot for retail digital rupee on 1 Dec
Why perennial rice developed in China is a big deal
Source: The post is based on the article “Why perennial rice developed in China is a big deal” published in Livemint on 29th November 2022. What is the News? Farmers in China are now growing a perennial variety of rice, that does not need to be planted every year. What is the Perennial Variety of… Continue reading Why perennial rice developed in China is a big deal
What is CDSL, India’s registered share depository?
Source: The post is based on the article “What is CDSL, India’s registered share depository?” published in Indian Express on 24th November. What is the News? Certain services at Central Depositories Services India Ltd(CDSL) were disrupted due to a suspected cyber attack. What is CDSL? CDSL or Central Depositories Services India Ltd was founded in… Continue reading What is CDSL, India’s registered share depository?
Government forms panel to look into MGNREGA’s efficacy
Source: The post is based on the article “Government forms panel to look into MGNREGA’s efficacy” published in The Hindu on 26th November. What is the News? The Government of India has constituted a committee to review the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. About the Committee to review… Continue reading Government forms panel to look into MGNREGA’s efficacy
States ask Centre to curb its cess habit at pre-budget meeting
Source: The post is based on the article “States ask Centre to curb its cess habit at pre-budget meeting” published in The Hindu on 26th November. What is the News? The Finance ministers of states and union territories held their pre-Budget meeting with the Union Finance Minister. What are the issues raised by the States… Continue reading States ask Centre to curb its cess habit at pre-budget meeting
India’s wheat planting area up nearly 11% y/y on record prices
Source: The post is based on the article “India’s wheat planting area up nearly 11% y/y on record prices” published in Business Standard on 26th November. What is the News? According to Government data, Indian farmers have planted wheat on 15.3 million hectares since October 1,2022 when the current sowing season began. This is an… Continue reading India’s wheat planting area up nearly 11% y/y on record prices
What is a loan write-off and why do banks do it?
Source: The post is based on the article “What is a loan write-off and why do banks do it?” published in Indian Express on 23rd November. What is the News? According to RBI data, banks wrote off more than Rs 10 lakh crore in loans over the last five years. They have been able to… Continue reading What is a loan write-off and why do banks do it?
