What is the News? In March 2020, news emerged that the Reserve Bank of India’s(RBI) reconstruction plan for Yes Bank would involve the write-off of Rs 9,000 crore worth of AT-1 bonds. This decision is being contested in courts by the bondholders and mutual funds that have taken the AT-1 bonds. Read more: Green bonds… Continue reading AT1 Bonds: Did RBI Change its mind on YES Banks AT1 Bonds?
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.
Natural farming: ICAR to research on, demonstrate and promote natural farming
What is the News? Indian Council of Agriculture Research (ICAR) has issued a notification to all ICAR institutes and vice-chancellors of agriculture universities to take initiatives for the promotion of natural farming in India. Must Read: What is Natural Farming? What are the steps taken by ICAR to promote Natural Farming? ICAR will develop a… Continue reading Natural farming: ICAR to research on, demonstrate and promote natural farming
Bangladesh may become India’s fourth largest export destination in FY22
What is the News? Bangladesh may become India’s fourth-largest export destination in the Financial year 2021-22. India’s Exports to Bangladesh During April-October 2021, India’s exports to Bangladesh grew 81% over the same period last year. This makes Bangladesh India’s fourth-largest export market behind the US, UAE and China. The major items exported to Bangladesh by… Continue reading Bangladesh may become India’s fourth largest export destination in FY22
Govt likely to dilute draft e-commerce norms as consultation ends
What is the News? The Government of India may soon dilute some of the clauses of the Draft E-Commerce Rules as the Ministry has completed consultation with e-commerce companies, industry associations and other relevant stakeholders. What are the contentious Draft E-Commerce Rules that have been objected by the industry? Contentious E-Commerce Rules Objections to these… Continue reading Govt likely to dilute draft e-commerce norms as consultation ends
Deendayal Antyodaya Yojana-National Rural Livelihoods Mission Overdraft facility for women SHG members launched
What is the News? The Ministry of Rural Development has launched an overdraft facility to women Self Help Groups (SHGs) under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM). Under this, an overdraft facility of Rs 5,000 will be available to verified SHG members under DAY – NRLM having accounts under the Prime Minister… Continue reading Deendayal Antyodaya Yojana-National Rural Livelihoods Mission Overdraft facility for women SHG members launched
Tokenization: Why the RBI has given more time for tokenization
Contents1 What is the News?2 How are the transactions processed today?3 What do the new guidelines aim to bring?4 What business models can get impacted by Tokenization? What is the News? Reserve Bank of India(RBI) had issued guidelines banning the storage of customer card numbers by online merchants and payment aggregators and introducing the concept… Continue reading Tokenization: Why the RBI has given more time for tokenization
Vernacular Innovation Program (VIP): Atal Innovation Mission, NITI Aayog launches Vernacular Innovation Program (VIP) to Empower Innovators, Entrepreneurs in 22 Mother Tongues
Contents1 What is the News?2 What is the Vernacular Innovation Program(VIP)?3 Why was the Vernacular Innovation Program launched?4 What is the significance of the Vernacular Innovation Program? What is the News? Atal Innovation Mission (AIM), NITI Aayog has launched the first of its kind Vernacular Innovation Program(VIP). What is the Vernacular Innovation Program(VIP)? Aim: To… Continue reading Vernacular Innovation Program (VIP): Atal Innovation Mission, NITI Aayog launches Vernacular Innovation Program (VIP) to Empower Innovators, Entrepreneurs in 22 Mother Tongues
Global Unicorn Index 2021: India adds 33 unicorns in one year, displacing U.K.
What is the News? Hurun Research Institute has released the Global Unicorn Index 2021. The index is a ranking of the world’s start-ups founded in the 2000s, are worth at least a billion dollars and are not listed on a public exchange. Read more: 1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian… Continue reading Global Unicorn Index 2021: India adds 33 unicorns in one year, displacing U.K.
Disinvestment’s tough climate call: The hurdle in govt’s fund-raising path
Contents1 What is the News?2 What are the Government’s Disinvestment plans?3 What are the issues in India’s Disinvestment plans?4 What is the way forward then? What is the News? The Prime Minister had a meeting with private equity and venture capital fund managers to get a sense of how they read the government’s disinvestment plans.… Continue reading Disinvestment’s tough climate call: The hurdle in govt’s fund-raising path
Agritech Challenge: AIM, NITI Aayog & UNCDF announce first AgriTech cohort under South-South Innovation platform
Contents1 What is the News?2 Background3 What is the purpose of the Agritech Challenge?4 What is the significance of the Agritech challenge for India? What is the News? Atal Innovation Mission (AIM), NITI Aayog and the United Nations Capital Development Fund (UNCDF) have launched its first AgriTech Challenge under its ambitious innovative Agri-tech program. Background… Continue reading Agritech Challenge: AIM, NITI Aayog & UNCDF announce first AgriTech cohort under South-South Innovation platform
