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
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.
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
Annual Report on State Finances: The vital third tier
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
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
