Contents1 What is the News?2 What are the key highlights of his address?2.1 On Covid-19 Impact2.2 On Digitisation3 What is the way forward then? What is the News? The Reserve Bank of India(RBI) Governor has delivered his keynote address at the National Management Convention of the All India Management Association (AIMA). What are the key… Continue reading Creative destruction’ dents inclusion, ups output: Das
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.
India’s income divide narrows, wealth divide persists: Survey data
Contents1 What is the News?2 What are the key highlights from the survey?2.1 Wealth Inequality2.2 Income Inequality is lower than Wealth Inequality2.3 Share of bottom 10 per cent in total income has increased3 The difference between the top 10% and bottom 10% is reducing What is the News? National Sample Survey Organisation(NSSO) has released the… Continue reading India’s income divide narrows, wealth divide persists: Survey data
National Single Window System for Investors and Businesses Launched
What is the News? The Union Minister of Commerce and Industry has launched the National Single Window System (NSWS) for investors and businesses. What is the National Single Window System (NSWS)? National Single Window System is a one-stop digital platform that aims at allowing investors to apply for various pre-operations approvals required for commencing a… Continue reading National Single Window System for Investors and Businesses Launched
A time to introspect: On GST Council meeting
What is the news? Recently, GST Tax Council held its first physical meeting during the pandemic. It approved various changes. Concessional tax rates on vital COVID-19 equipment such as oxygen concentrators will lapse on Sep 30, while the lower rates on medicines were extended till December. As there are no signs the virus and its variants… Continue reading A time to introspect: On GST Council meeting
Govt to promote pearl farming in tribal areas
Contents1 What is the News?2 What are Pearls?3 How is Pearl Framing done?4 What are the advantages of Pearl Farming? What is the News? TRIFED (Tribal Cooperative Marketing Development Federation of India) has signed an agreement with the Jharkhand-based Purty Agrotech for the promotion of pearl farming in tribal areas. What are Pearls? Pearls are… Continue reading Govt to promote pearl farming in tribal areas
India plan for tighter e-commerce rules faces internal govt dissent: Report
What is the news? India’s plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show. The Ministry of Finance has described some proposals under the draft e-commerce rules as “excessive” and “without economic rationale”. It should be noted that there’s not yet a formal implementation… Continue reading India plan for tighter e-commerce rules faces internal govt dissent: Report
The doing-better syndrome and our prisoner’s dilemma: On WB ending the EoDB report
What is the news? Doing Business’ report, was recently junked by the World Bank. The author welcomes the move, stating that we celebrated improvements in such rankings without quite understanding the underlying methodology or the impact such rankings had on the lives of a larger group of stakeholders. Must Read: The end of Doing Business… Continue reading The doing-better syndrome and our prisoner’s dilemma: On WB ending the EoDB report
Power Finance Corp set to be India’s 11th Maharatna CPSE
What is the News? Power Finance Corp. Ltd(PFC) is set to become the 11th Maharatna Central Public Sector Enterprise (CPSE) with an inter-ministerial committee clearing the status. What is Maharatna Status? Maharatna Status was introduced for Central Public Sector Enterprises(CPSEs) in 2010 in order to empower mega CPSEs to expand their operations and emerge as… Continue reading Power Finance Corp set to be India’s 11th Maharatna CPSE
Govt eyes 14GWh battery storage system in Kutch
Contents1 What is the News?2 About Khavda Renewable Energy Park3 What are Large Battery Storage systems used for?4 India’s Renewable Energy Capacity and the need of Battery Storage systems What is the News? India has planned to set up around 14 gigawatt-hour (GWh) grid-scale battery storage systems at the Khavda renewable energy park in Gujarat.… Continue reading Govt eyes 14GWh battery storage system in Kutch
Businesses should give useful inputs for FTA negotiations
What is the news? Recently, the Commerce Ministry said that the negotiations for India-UK Free Trade Agreement (FTA) will commence from November this year. The governments in both the countries are eager to conclude an interim agreement quickly, but the businesses are yet to warm up to the idea. What are the findings of the study published by… Continue reading Businesses should give useful inputs for FTA negotiations
