Source: The post is based on the article “Oil Ministry seeks review of windfall tax, wants certain fields exempted” published in The Hindu on 20th September 2022. What is the News? The Oil Ministry has sought a review of the Windfall Profit tax on domestically-produced crude oil saying it goes against the principle of fiscal… Continue reading Oil Ministry seeks review of windfall tax, wants certain fields exempted
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 | The ban on the export of broken rice
Source: The post is based on the article “Explained | The ban on the export of broken rice” published in The Hindu on 19th September 2022. What is the News? The Government of India has instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in… Continue reading Explained | The ban on the export of broken rice
Centre revises threshold for paid up capital of small companies
Source: The post is based on the article “Centre revises threshold for paid up capital of small companies” published in PIB on 16th September 2022. What is the News? The Ministry of Corporate Affairs has revised the threshold for paid up capital of “small companies”. What is a Small Company? Small businesses are corporations, partnerships,… Continue reading Centre revises threshold for paid up capital of small companies
IAF to fly AN-32 on blended biodiesel for 200 hours
Source: The post is based on the article “IAF to fly AN-32 on blended biodiesel for 200 hours” published in The Hindu on 17th September 2022. What is the News? Indian Air Force(IAF) is planning to fly an AN-32 transport aircraft modified to operate on 10% blended biodiesel for 200 flight hours in the next… Continue reading IAF to fly AN-32 on blended biodiesel for 200 hours
Apricot export under Ladakh Produce brand receives fillip from centre
Source: The post is based on the article “Apricot export under Ladakh Produce brand receives fillip from centre” published in PIB on 14th September 2022. What is the News? The Ministry of Commerce and Industry through its export promotion body APEDA is in process of hand-holding of Apricot value chain stakeholders to enhance export from… Continue reading Apricot export under Ladakh Produce brand receives fillip from centre
CDSCO falling short in effectively regulating the medical devices industry: Parliamentary panel
Source: The post is based on the article “CDSCO falling short in effectively regulating the medical devices industry: Parliamentary panel” published in The Hindu on 15th September 2022. What is the News? The Parliamentary Standing Committee on Health has submitted a report titled “Medical Devices: Regulations and Control”. What are the key highlights from the… Continue reading CDSCO falling short in effectively regulating the medical devices industry: Parliamentary panel
India Discrimination Report 2022: Tale of women workers: Rapid exit from workforce, sliding earnings
Source: The post is based on the article “Tale of women workers: Rapid exit from workforce, sliding earnings” published in Indian Express on 15th September 2022. What is the News? Oxfam India has released a report titled ‘India Discrimination Report 2022’. The report is based on the data from the Union Ministry of Statistics and… Continue reading India Discrimination Report 2022: Tale of women workers: Rapid exit from workforce, sliding earnings
How the logistics policy will speed up lumbering freight sector
Source: The post is based on the article “How the logistics policy will speed up lumbering freight sector” published in Livemint on 15th September 2022. What is the News? The government will announce the National Logistics Policy (NLP) this week with the aim to bring down logistics costs and address challenges plaguing importers and exporters.… Continue reading How the logistics policy will speed up lumbering freight sector
Explained | The fall in natural rubber prices in India
Source: The post is based on the article “Explained | The fall in natural rubber prices in India” published in The Hindu on 14th September 2022. What is the News? After a moderate post-pandemic revival, the price of Natural Rubber(NR) has crashed to a 16-month low of ₹150 per kg in the Indian market. Where… Continue reading Explained | The fall in natural rubber prices in India
Explained | What is windfall tax and why are countries imposing it on the energy sector right now?
Source: The post is based on the article “Explained | What is windfall tax and why are countries imposing it on the energy sector right now?” published in The Hindu on 14th September 2022. What is the News? The Finance Minister has defended the windfall tax imposed by the Government on domestic crude oil producers… Continue reading Explained | What is windfall tax and why are countries imposing it on the energy sector right now?
