Category: Factly – Indian Economy

What is the News? Indian Railways has announced the introduction of theme-based, tourist circuit trains named ‘Bharat Gaurav’ Trains. What is the aim of Bharat Gaurav Trains? Aim: To showcase India’s rich cultural heritage and magnificent historical places to the people of India and the world. What are the key features of this initiative? Indian… Continue reading Railway Minister announces introduction of ‘Bharat Gaurav Trains’

Contents1 What is the News?2 Why is India releasing 5 million barrels of crude oil from its strategic petroleum reserves?3 How will this release impact India’s crude import plans?4 India’s Strategic Petroleum reserves5 India’s Dependence on Oil What is the News? India will be releasing 5 million barrels of crude oil from its strategic petroleum… Continue reading India to release 5 mn barrels of crude from reserves in bid to cool prices

What is the News? The Union Minister for Labour and Employment has flagged off the first-ever All India Survey on Domestic workers. What is the All-India Survey on Domestic Workers(DW)? Conducted by: Labour Bureau, Ministry of Labour and Employment Aim: To estimate the proportion of domestic workers at the national level and in the States;… Continue reading Union Minister flags off first ever All India Survey on Domestic Workers

What is the news? The Indian Prime Minister will inaugurate the “InFinity Forum”, a 2-day thought leadership Forum on FinTech on 3rd December 2021. For the forum, a dedicated Website and Agenda for the InFinity Forum was launched recently. About the InFinity Forum InFinity Forum is IFSCA’s flagship financial technology and global thought leadership event.… Continue reading Hon’ble Prime Minister Shri Narendra Modi to inaugurate IFSCA’s InFinity Forum on 3rd December 2021

What is the News? Cairn Oil & Gas has announced that it is partnering with US-based Halliburton to start shale exploration in the Lower Barmer Hill formation, Western Rajasthan.  What is Shale Oil? ​​Shale oil is an unconventional oil produced from oil shale rock fragments. How does Shale Oil differ from conventional crude oil? The… Continue reading ‘Tight oil’: What is shale and its potential in India

What is the News? The World Bank has released its Migration and Development Brief Report. What are the key findings of the report? India is the world’s largest recipient of remittances. It received $87 billion in 2021. India had received over $83 billion in remittances in 2020. Reasons for the increase in Remittances: 1) Migrants… Continue reading India, world’s largest recipient of remittances, received $87 billion in 2021: World Bank

What is the News? A working group set up by the Reserve Bank of India (RBI) has proposed stricter norms for digital lenders.  Background RBI had constituted the working group on digital lending including lending through online platforms and mobile apps under the chairmanship of Jayant Kumar Dash, Executive Director, RBI. The working group was… Continue reading RBI working group warns on digital lending by big tech players

Contents1 What is the News?2 What is Cross Border Insolvency?3 Does India have a Cross Border Insolvency Framework?4 What will be the basis of the Cross Border Insolvency Framework?5 About UNCITRAL Model Law on Cross-border Insolvency, 1997 What is the News? The government is planning to bring personal guarantors for corporate debtors under the purview… Continue reading Personal guarantors may be part of cross-border insolvency framework under the Insolvency and Bankruptcy Code (IBC)