Contents1 What is the News?2 What is the need for this PCA Framework for NBFCs?3 What is the PCA Framework for NBFCs?4 What are the indicators based on which PCA will be invoked for NBFC?5 What will happen once the PCA is invoked for an NBFC? What is the News? Reserve Bank of India(RBI) has… Continue reading RBI brings NBFCs under prompt corrective action framework
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.
RBI Report on Digital lending: Good and bad sides of digi lending, in 5 charts
Contents1 What is the news?2 What is digital lending?3 What are the key findings of the RBI panel?4 What are the challenges associated with digital lending?5 What are the recommendations of the RBI Panel? What is the news? According to the Reserve Bank of India (RBI) working group report, over 6% of all loans given… Continue reading RBI Report on Digital lending: Good and bad sides of digi lending, in 5 charts
PM to address natural-farming event amid scientists’ concerns
What is the News? The Prime Minister will address a National Summit on Agro and Food Processing.At this summit, the Prime Minister will spread basic knowledge about Zero-Budget Natural Farming (ZBNF). What is Zero-Budget Natural Farming (ZBNF)? ZBNF is a technique of farming developed by Padma awardee Subhash Palekar of Maharashtra. It aims to help… Continue reading PM to address natural-farming event amid scientists’ concerns
Centre’s new incentive scheme for States to achieve their targets and become eligible for incremental borrowing
What is the News? The Finance Ministry had announced a new incentive scheme for States that could achieve their targets and become eligible for incremental borrowing. What is the Incentive Scheme for States to become eligible for incremental borrowing? Under the scheme, out of the Net Borrowing Ceiling(NBC) of 4% of GSDP for the States for… Continue reading Centre’s new incentive scheme for States to achieve their targets and become eligible for incremental borrowing
Centre to organize the first of its kind innovation week to encourage Startup ecosystem in India
Contents1 What is the News?2 About Celebrating Innovation Ecosystem Week3 About Startup India Initiative4 Startups in India What is the News? The Government of India is organizing the first of its kind innovation week titled “Celebrating Innovation Ecosystem” to encourage the Startup ecosystem in India. About Celebrating Innovation Ecosystem Week Organized by: Department for Promotion… Continue reading Centre to organize the first of its kind innovation week to encourage Startup ecosystem in India
Imports made up 86% of gold supply in 2016-20, says WGC
Contents1 What is the News?2 What are the key findings of the report?2.1 India’s Gold Imports3 Gold Import Locations3.1 Increase in Gold Doré Imports What is the News? The World Gold Council (WGC) has released a report titled ‘Bullion Trade in India’. What are the key findings of the report? India’s Gold Imports India is… Continue reading Imports made up 86% of gold supply in 2016-20, says WGC
World Inequality report 2022: World’s most extreme inequality increase in India
What is the News? World Inequality report 2022 has been released. The report is authored by Lucas Chancel, co-director of the World Inequality Lab and coordinated by famed French economist Thomas Piketty among others. Contents1 What are the key findings of the World Inequality Report 2022 related to India?2 What is the significance of these… Continue reading World Inequality report 2022: World’s most extreme inequality increase in India
North Eastern Development Finance Corporation Ltd. (NEDFI)- ‘Business cum Entrepreneurs’ Meet organised by NEDFI at its Namchi and Gangtok Branch
What is the News? North Eastern Development Finance Corporation Ltd. (NEDFI) has organised a Business cum Entrepreneurs Meet to encourage people, mainly youngsters to go in for entering into entrepreneurship by starting up their own business and to generate employment for others What is North Eastern Development Finance Corporation Ltd.(NEDFI)? NEDFi is notified as a… Continue reading North Eastern Development Finance Corporation Ltd. (NEDFI)- ‘Business cum Entrepreneurs’ Meet organised by NEDFI at its Namchi and Gangtok Branch
Explainer: Neo Banks vs Traditional Banking
Contents1 What is the News?2 What are Neo Banks?3 What is the difference between Neo Banks and traditional Banks?4 Can Neo Banks replace Traditional Banks?5 What are the challenges that they face? What is the News? Neo-Banks bridge the gap between the services that traditional banks offer and the evolving expectations of customers in the… Continue reading Explainer: Neo Banks vs Traditional Banking
PM inaugurates InFinity Forum, a thought leadership Forum on FinTech
What is the News? The Prime Minister has inaugurated InFinity Forum, a thought leadership Forum on FinTech. Click Here to read about the InFinity Forum Contents1 What is Fintech?2 What are the pillars of Fintech?3 India’s Financial Inclusion Initiatives with the help of Fintech 4 Suggestions to improve FinTech What is Fintech? Fintech (finance and technology)… Continue reading PM inaugurates InFinity Forum, a thought leadership Forum on FinTech
