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?
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.
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
Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj
What is the News? According to the Revenue Secretary, there is a need to simplify direct tax laws as various exemptions announced every year have made them complicated. What are the views of the Revenue Secretary on Taxation Structure? On Corporate Taxation Structure: In 2019, the Finance Minister had announced a cut in corporate tax to… Continue reading Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj
Explained: What RBI’s status quo means for stock investors and borrowers
Contents1 What is the News?2 Why has RBI kept the interest rates unchanged?3 What does the status quo mean for the economy?4 What does this mean for borrowers and savers?5 What about equity investors? What is the News? The six-member Monetary Policy Committee(MPC) of the Reserve Bank of India (RBI) has kept key policy rates… Continue reading Explained: What RBI’s status quo means for stock investors and borrowers
HCNG: Hydrogen Fuel for Vehicles
What is the News? The Ministry of Road Transport and Highways has notified the use of Hydrogen as an automotive fuel in the country. It has notified an 18% blend of Hydrogen with CNG. Must Read: About Hydrogen Fuel What is HCNG? HCNG stands for Hydrogen-enriched Compressed Natural Gas. HCNG is produced by blending hydrogen… Continue reading HCNG: Hydrogen Fuel for Vehicles
J&K becomes the first Union Territory to be integrated with National Single Window System
What is the News? Jammu & Kashmir became the first Union Territory to be onboarded the National Single Window System(NSWS). What is the National Single Window System(NSWS)? The National Single Window System(NSWS) was launched in 2021 by the Union Minister for Commerce and Industry. It is a digital platform that serves as a guide for… Continue reading J&K becomes the first Union Territory to be integrated with National Single Window System
Govt expedites FDI from neighboring countries
What is the News? The Government of India is fast-tracking the approval process for Foreign Direct Investment(FDI) from countries that share a land border with India. Background In April 2020, the Government of India had made prior government approval mandatory for foreign direct investments(FDI) from countries that share a land border with India or where… Continue reading Govt expedites FDI from neighboring countries
Union Minister Flags Off NITI Aayog’s Fintech Open Summit
What is the News? The Minister for Communications, Electronics and IT inaugurated the Fintech Open Summit. What is the Fintech Open Summit? Organized by: NITI Aayog in collaboration with PhonePe, AWS and EY. Aim: To bring together regulators, fintech professionals, industry leaders, start-up community and developers to collaborate, exchange ideas and innovate. Objectives of the… Continue reading Union Minister Flags Off NITI Aayog’s Fintech Open Summit
Parvatmala-An efficient and safe alternate transport network
What is the News? In Union Budget 2022-23, Union Finance Minister has announced that the National Ropeways Development Programme – “Parvatmala” will be initiated through Public-Private Partnership (PPP) mode. What is the National Ropeways Development Programme? Nodal Ministry: Ministry of Road Transport and Highways (MORTH) Aim: To develop Ropeways in hilly areas of the country… Continue reading Parvatmala-An efficient and safe alternate transport network
