What is the News? The Prime Minister has delivered a ‘State of the World’ special address at the World Economic Forum’s Davos Agenda. What are the key highlights of his address at the World Economic Forum’s Davos Agenda? India as Pharmacy to the World: India has exported essential medicines and vaccines by following its vision… Continue reading PM delivers ‘State of the World’ special address at the World Economic Forum’s Davos Agenda
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.
FVTPL Account: Banks may get a new investment category
Contents1 What is the News?2 What is the Investment Portfolio of Banks currently?3 What are the changes proposed by RBI in these three categories?4 Definition of Held to maturity(HTM)5 Definition of AFS6 Other points mentioned in the Article6.1 Indian Accounting Standards(Ind AS) What is the News? The Reserve Bank of India proposed a new investment… Continue reading FVTPL Account: Banks may get a new investment category
ONDC: Govt’s e-comm net in talks with companies
Contents1 What is the News?2 What is ONDC?3 How is the ONDC idea being taken forward?4 What are the steps that have been taken to develop ONDC? What is the News? The government has said that a small-scale implementation of the Open Network for Digital Commerce(ONDC) will be rolled out across two cities to see… Continue reading ONDC: Govt’s e-comm net in talks with companies
Startup India Innovation Week: Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022
What is the News? Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week. Read more: “Startup India Seed Fund Scheme” launched What is Startup India Innovation Week? Aim: To commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and to showcase the spread and depth… Continue reading Startup India Innovation Week: Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022
Cabinet approves Intra-State Transmission System – Green Energy Corridor Phase-II
Contents1 What is the News?2 What is the Green Energy Corridor Project for Intra-State Transmission System (InSTS)?3 Phase I of the Project4 Phase II of the Project5 What is the significance of this project? What is the News? The Cabinet Committee on Economic Affairs has approved the scheme on Green Energy Corridor (GEC) Phase-II for… Continue reading Cabinet approves Intra-State Transmission System – Green Energy Corridor Phase-II
Automatic Generation Control(AGC): Union Minister of Power and NRE dedicates Automatic Generation Control to the nation
Contents1 What is the News?2 What is the need for Automatic Generation Control(AGC)?3 How will Automatic Generation Control(AGC) help?4 What is the significance of this launch? What is the News? The Union Minister of Power and New & Renewable Energy has launched the Automatic Generation Control(AGC). What is the need for Automatic Generation Control(AGC)? Renewable… Continue reading Automatic Generation Control(AGC): Union Minister of Power and NRE dedicates Automatic Generation Control to the nation
Understanding IC15, India’s first crypto index
Contents1 What is the news?2 How is IC15 constructed?3 What is its significance?4 Can Crypto funds be launched in India? What is the news? Superapp CryptoWire recently launched India’s first cryptocurrency index, IC15. It will measure the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization. Aim: a)… Continue reading Understanding IC15, India’s first crypto index
AT1 Bonds: Did RBI Change its mind on YES Banks AT1 Bonds?
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?
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
