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
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.
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. What is the News? The Ministry of Commerce and Industry has released a comprehensive Millets exports promotion programme to promote Indian millets exports across the globe… 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
Rupee-denominated trade made eligible for export promotion, obligation schemes
Source: The post is based on the article “Rupee-denominated trade made eligible for export promotion, obligation schemes” published in The Hindu on 10th November 2022. What is the News? The Government of India has expanded the norms for incentives and export obligations under the Foreign Trade policy to cover foreign trade transactions settled in rupees.… Continue reading Rupee-denominated trade made eligible for export promotion, obligation schemes
FinMin clears framework for sovereign green bonds
Source: The post is based on the article “FinMin clears framework for sovereign green bonds” published in Indian Express on 10th November 2022. What is the News? The Finance Minister has approved the final sovereign green bonds framework to fund environmentally sustainable projects. What are Green Bonds? Click Here to read About Sovereign Green Bonds… Continue reading FinMin clears framework for sovereign green bonds
Rupee-based trade: India pushes Rupee trade beyond Russia
Source: The post is based on the article “India pushes Rupee trade beyond Russia” published in The Hindu on 9th November 2022. What is the News? On the lines of an arrangement being worked out with Russia, India is in talks with Sri Lanka, the Maldives and multiple South East Asian, African and Latin American… Continue reading Rupee-based trade: India pushes Rupee trade beyond Russia
Implementation of Broadcast Air-Time Scheduler(BATS) for all Commercial Operations of All India Radio
Source: The post is based on the article “Implementation of Broadcast Air-Time Scheduler(BATS) for all Commercial Operations of All India Radio” published in PIB on 8th November 2022. What is the News? Prasar Bharati has inaugurated a fully integrated Traffic & Billing application software “Broadcast Air-Time Scheduler (BATS)” for all Commercial Operations of All India… Continue reading Implementation of Broadcast Air-Time Scheduler(BATS) for all Commercial Operations of All India Radio
Captive mines may get to sell 50% output in open market
Source: The post is based on the article “Captive mines may get to sell 50% output in open market” published in Livemint on 4th November 2022. What is the News? The government is planning to soon allow captive mines producing major minerals to sell half their output in the open market. What are Captive mines?… Continue reading Captive mines may get to sell 50% output in open market
Will India’s sovereign green bonds bet work?
Source: The post is based on the article “Will India’s sovereign green bonds bet work?” published in Livemint on 3rd November 2022. What is the News? The Indian government is all set to debut in the green bonds market soon as laid out in the Union Budget 2022. What are Green Bonds? Green bonds are… Continue reading Will India’s sovereign green bonds bet work?
Explained | The C-295 and India’s aircraft industry
Source: The post is based on the article “Explained | The C-295 and India’s aircraft industry” published in The Hindu on 2nd November 2022. What is the News? The Prime Minister has laid the foundation stone for the C-295 transport aircraft manufacturing facility in Vadodara to be set up by Airbus Defence and Space and… Continue reading Explained | The C-295 and India’s aircraft industry
