Contents1 What is the News?2 About ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India Ltd.)3 Performance of ECGC4 How will the capital infusion help ECGC? What is the News? The government of India has approved capital infusion of ₹4,400 crores to ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India… Continue reading Government approves Rs. 4,400 crore investment in ECGC Ltd. in 5 years to provide support to exporters as well as banks
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.
MSME Minister launches India Export Initiative and IndiaXports 2021 Portal
What is the News? The Union Minister for Micro, Small & Medium Enterprises(MSMEs) has inaugurated the India Export Initiative and IndiaXports 2021 Portal of India SME Forum. What is the India Export Initiative? The initiative aims to support the growth of MSMEs exports by providing free of cost information and knowledge to MSMEs on the… Continue reading MSME Minister launches India Export Initiative and IndiaXports 2021 Portal
Cause for optimism as our economy livens up
Contents1 What is the news? 2 What is the cause for optimism at this point? 3 What are the indications of an economic revival? 4 What is the status of India’s export and how we can improve it further? What is the news? Recent tax collections are reported to be bright enough for India’s government not to raise money from the market to honour its… Continue reading Cause for optimism as our economy livens up
A jobs problem: Labour data in India is lagged and patchy. But supply-demand mismatch is still clear
What is the news? Recently, GOI unveiled a quarterly report on employment for April-June, which estimates the labour demand of nine handpicked non-farm sectors by surveying establishments with 10 people or more. What has been the job market trend in India? India’s economy has been slowing down since 2017-18. Three successive years of dropping GDP… Continue reading A jobs problem: Labour data in India is lagged and patchy. But supply-demand mismatch is still clear
Govt aims to tap solar energy to power cold chain facilities
What is the News? India has planned to utilize solar power to offer uninterrupted power to cold-chain facilities for storing vaccines. Storage of Vaccines and the need for solar power There are over 29,000 cold chain storage facilities across India that are used to store both Covid-19 and non-Covid-19 vaccines. However, due to unreliable electricity… Continue reading Govt aims to tap solar energy to power cold chain facilities
Jobs increased by 29% since 2013, says survey
Contents1 What is the News?2 About All-India Quarterly Establishment-based Employment Survey(AQEES)3 What are the key findings of the survey?4 What are the issues with the existing current survey?5 What is the way forward? What is the News? The Labour Bureau, which works under the Ministry of Labour, has released findings from the All-India Quarterly Establishment-based… Continue reading Jobs increased by 29% since 2013, says survey
Govt pulling out all stops for 150 GW RE capacity by 2 Oct
What is the News? The Indian government is planning to achieve renewable energy (RE) capacity of 150 gigawatts (GW) by 2 October 2021. About India’s Greenhouse Gas Emissions India is the third-biggest emitter of greenhouse gases after the US and China India’s Intended Nationally Determined Contributions (INDCs) under Paris Agreement aims to do the following,… Continue reading Govt pulling out all stops for 150 GW RE capacity by 2 Oct
Govt.-industry panel drives policy to revive manufacturing
What is the News? The meeting between the Minister for Commerce and the private Industry soon after the national lockdown was announced in 2020 has led to the setting up of the SCALE Committee. What is the SCALE Committee? SCALE Committee stands for Steering Committee for Local Value Addition, Manufacturing and Exports(SCALE) It is a… Continue reading Govt.-industry panel drives policy to revive manufacturing
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
Contents1 What is the News?2 What is the current procedure?3 What has changed now?4 Significance of this decision What is the News? The Reserve Bank of India(RBI) has permitted lenders to transfer the loans that have been classified as fraud to asset reconstruction companies(ARCs). What is the current procedure? Currently, RBI norms require banks to… Continue reading RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
United Nations Food Systems Summit: Need to transform food systems, say experts
Contents1 What is the news? 2 What is food system? 3 What kind of food system we need today? 4 What are the actions needed to realize the vision of 2030 agenda? What is the news? Recently, United Nations Food System Summit took place in New York. In this summit, leaders emphasized that there is a need to achieve the United Nations-mandated Sustainable… Continue reading United Nations Food Systems Summit: Need to transform food systems, say experts
