What is the News? India has initiated an anti-dumping probe against imports of Vinyl Tiles from China, Taiwan and Vietnam. Note: Vinyl Tile is a type of tile used for covering the floors in residential and commercial buildings. What is Anti-dumping duty? Dumping is said to occur when the goods are exported by a country… Continue reading Anti-dumping duty: India probes China, Vietnam over ‘dumping’ of vinyl tiles
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.
Buoyant exports but unfavorable trade balance: Why there is a dichotomy
Contents1 What is the News?2 How have Indian Exports and Imports performed in the Fiscal Year 2021-22?2.1 Exports2.2 Imports2.3 Trade Deficit3 How is India planning to overcome the trade deficit? What is the News? India’s exports have risen sharply in this fiscal year. However, India’s imports have also risen sharply during the same period, leading… Continue reading Buoyant exports but unfavorable trade balance: Why there is a dichotomy
Indian Tech Start-up Ecosystem: Start-ups raised a record $24.1 billion in 2021: study
What is the News? NASSCOM in association with Consultancy Firm Zinnov has released a report titled ‘Indian Tech Start-up Ecosystem: Year of The Titans’. What are the key findings of the Indian Tech Start-up Ecosystem report? More than 2,250 startups were added in the year 2021. This is 600 more than what was added in… Continue reading Indian Tech Start-up Ecosystem: Start-ups raised a record $24.1 billion in 2021: study
New Model for Asset Monetisation: People can soon invest in infra projects: Gadkari
What is the News? The Union government is awaiting approval of the Securities Exchange Board of India (SEBI) for the New Model for Asset Monetisation. What is the New Model for Asset Monetisation planned by the Government? Currently, most of the pension funds and foreign investors are investing in infrastructure projects. But under this new… Continue reading New Model for Asset Monetisation: People can soon invest in infra projects: Gadkari
Cabinet approves Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts
Contents1 What is the News?2 What is the “Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts”?3 How was the interest differential calculated?4 Who was eligible for the scheme? What is the News? The Union Cabinet has approved the payment of… Continue reading Cabinet approves Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts
Experts from India and Israel suggested expanding scope of India-Israel Industrial R&D & Technological Innovation Fund(I4F)
What is the News? At the 8th Governing body meeting of the India-Israel Industrial R&D and Technological Innovation Fund(I4F), India and Israel approved three joint R&D projects and deliberated on widening the scope of the I4F programme. What are three joint projects approved under the I4F Programme The three projects are: ‘Centrally Monitored IoT Nanosensors… Continue reading Experts from India and Israel suggested expanding scope of India-Israel Industrial R&D & Technological Innovation Fund(I4F)
PM delivers ‘State of the World’ special address at the World Economic Forum’s Davos Agenda
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
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
