News: Reserve Bank of India (RBI) has released its annual study of state finances. What are the findings of the report? -States’ gross fiscal deficit breached the 3% of gross domestic product (GDP) mark. -Combined revenue deficit of the state governments rose from 0.1% of GDP in 2018-19 to 2% of GDP in 2020-21 because… Continue reading Annual Report on State Finances: The vital third tier
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 set to rejig privatisation process for non-strategic sectors
What is the News? The government of India is set to approve several changes in the privatisation process for companies in non-strategic sectors. Background Recently, the Government of India has released a new ‘Public Sector Enterprise Policy’. The policy classifies public sector commercial enterprises into strategic and non-strategic sectors. In the strategic sectors, there would… Continue reading Centre set to rejig privatisation process for non-strategic sectors
IFSC Authority invites comments on consultation paper on proposed IFSCA (Insurance Web Aggregator) Regulations, 2021
Contents1 What is the News?2 What is IFSCA?3 What are Insurance Intermediaries?4 What is an Insurance Web Aggregator? What is the News? International Financial Services Centres Authority (IFSCA) has released the draft IFSCA (Insurance Web Aggregator) Regulations, 2021. The regulations provide for eligibility criteria, registration process and permissible activities for Insurance Web Aggregator. What is… Continue reading IFSC Authority invites comments on consultation paper on proposed IFSCA (Insurance Web Aggregator) Regulations, 2021
KVIC Rolls Out Unique Business Model to Handhold 70 Women Agarbatti Artisans in Assam
Contents1 What is the News?2 What is the model adopted by KVIC?3 Why is this business model unique?4 Why was this business model designed? What is the News? Khadi and Village Industries Commission(KVIC) has created a unique business model to empower women Agarbatti artisans in Assam and strengthen the local Agarbatti industry. What is the… Continue reading KVIC Rolls Out Unique Business Model to Handhold 70 Women Agarbatti Artisans in Assam
NEIA SCHEME
What is the News? The Ministry of Commerce and Industry has informed the Lok Sabha about the National Export Insurance Account(NEIA) Trust. What is the National Export Insurance Account(NEIA) Trust? NEIA Trust was set up in 2006 by the Ministry of Commerce and Industry. Aim: To ensure the availability of credit risk cover for projects… Continue reading NEIA SCHEME
Set up a council for all forms of media: Parliamentary panel
What is the News? The Parliamentary Standing Committee on Communications and Information Technology has submitted two reports titled “Ethical Standards In Media Coverage” and “Suspension Of Telecom Services/Internet And Its Impact” to the Parliament. What are the recommendations given by the Ethical Standards In Media Coverage report? Setup a Media Council: A ‘Media Council’ should… Continue reading Set up a council for all forms of media: Parliamentary panel
NITI Aayog organises knowledge sharing workshop on Natural Farming
Contents1 What is the News?2 What is Natural Farming?3 What are the components of Natural Farming?4 What is the scheme to promote Natural Farming? What is the News? Niti Aayog has organized a knowledge-sharing workshop on Natural Farming. What is Natural Farming? Natural Farming can be defined as “chemical-free farming and livestock-based”. It is a diversified… Continue reading NITI Aayog organises knowledge sharing workshop on Natural Farming
Periodic Labour Force Survey (PLFS) – Quarterly Bulletin (January-March 2021)
Contents1 What is the News?2 What is the Periodic Labour Force Survey(PLFS)?3 What are the key findings of the survey?3.1 Unemployment Rate3.2 Labour force participation rate(LFPR)3.3 Working Population Ratio(WPR) What is the News? The National Statistical Office (NSO) has released the quarterly bulletin of Periodic Labour Force Survey (PLFS) for January-March 2021. What is the… Continue reading Periodic Labour Force Survey (PLFS) – Quarterly Bulletin (January-March 2021)
RBI for widening scope of ‘bank note’ to include digital currency
What is the News? The Reserve Bank of India(RBI) has proposed amendments to the Reserve Bank of India Act, 1934 to enhance the scope of the definition of ‘bank note’ to include currency in digital form. This would allow RBI to launch a Central Bank Digital Currency(CBDC). Moreover, on Bitcoin, the Government has informed that… Continue reading RBI for widening scope of ‘bank note’ to include digital currency
Nearly 33% of India’s medical devices capacity lying unused: Industry
Contents1 What is the News?2 What are the issues faced by the Medical Devices sector currently?2.1 Rise of Imports of Medical Devices from China3 What should the Government do to help the Medical Devices sector? What is the News? According to a report, Indian medical device makers are now struggling with idle capacity. What are… Continue reading Nearly 33% of India’s medical devices capacity lying unused: Industry
