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
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.
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
Centre may continue to hold at least 26% stake in public sector banks
What is the News? The Government of India will be introducing the Banking Laws (Amendment) Bill 2021 in the upcoming winter session. The Bill seeks to amend the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidental amendments to Banking Regulation Act,1949. What are the key provisions of the Banking Laws… Continue reading Centre may continue to hold at least 26% stake in public sector banks
Bring in three-rate GST structure, says study by Finance Ministry-backed think-tank
Contents1 What is the News?2 What is the current GST Tax rate structure?3 What is the problem with this GST Tax rate structure?4 What has the NIPFP suggested in its study? What is the News? National Institute of Public Finance and Policy (NIPFP), an autonomous think tank backed by the Finance Ministry, has released a… Continue reading Bring in three-rate GST structure, says study by Finance Ministry-backed think-tank
What strategic oil release means for Indian consumers
What is the News? India has announced that it will release five million barrels of crude oil from its strategic petroleum reserves in consultation with other big global oil consumers such as the US, China, Japan, and the Republic of Korea. Click Here to read the reasons and impact of strategic oil release How does… Continue reading What strategic oil release means for Indian consumers
NITI Aayog Releases Discussion Paper on Digital Banks Seeking Comments
What is the news? NITI Aayog has released a Discussion Paper titled “Digital Banks:A Proposal for Licensing & Regulatory Regime for India”. About the Discussion paper The Discussion Paper makes a case, and offers a template and roadmap, for a Digital Bank licensing and regulatory regime for India. The paper has been prepared by NITI… Continue reading NITI Aayog Releases Discussion Paper on Digital Banks Seeking Comments
