What is the News? The Prime Minister has inaugurated ‘Vanijya Bhawan’ and launched the NIRYAT portal. What is Vanijya Bhawan? It is a new premises of the Ministry of Commerce and Industry. It is designed as a smart building which incorporates the principles of sustainable architecture with a special focus on energy saving. It will… Continue reading PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
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.
Dutch disease
Contents1 What is the News?2 What is Dutch Disease?3 Who coined the term Dutch Disease?4 How to combat Dutch Disease? What is the News? This article talks about the Dutch Disease and how to combat it. What is Dutch Disease? Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across… Continue reading Dutch disease
Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
What is the News? The Reserve Bank of India(RBI) has released the “Payments Vision 2025”. What is “Payments Vision 2025”? Released by: Reserve Bank of India(RBI) Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es) Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes). Goalposts: The activities to… Continue reading Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
Explained: India’s emerging twin deficit problem
Contents1 What is the News?2 What is a Twin Deficit?3 What is Fiscal Deficit?4 Report on India’s Fiscal Deficit5 What is the Current Account Deficit?5.1 Report on Current Account Deficit What is the News? The Finance Ministry in its report has warned of a Twin Deficit Problem due to higher commodity prices and a rising… Continue reading Explained: India’s emerging twin deficit problem
Five states need to take steps to stabilize debt levels: RBI
Contents1 What is the News?2 RBI on Status of States Debts3 What is the reason for the fiscal deterioration in these states?4 What are the recommendations given by RBI to states to improve their fiscal position? What is the News? According to a Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan,… Continue reading Five states need to take steps to stabilize debt levels: RBI
Indian interests at the WTO Ministerial Conference
What is the News? The 12th Ministerial Conference of the World Trade Organization has agreed to a series of deals relating to the temporary waivers on Covid-19 vaccines, a moratorium on e-commerce trade, food security and setting limits on harmful fishing subsidies. What is the Ministerial Conference of the WTO? The Ministerial Conference is the… Continue reading Indian interests at the WTO Ministerial Conference
India’s fishing subsidy win at WTO the start of a long fight
What is the News? At the 12th WTO Ministerial Conference, India was successful in defending the rights of developing countries to subsidize their fisheries. What have the WTO members agreed regarding the Fishing Subsidy? WTO members agreed on eliminating subsidies to those engaged in illegal, unreported and unregulated fishing. The only exception for continuing subsidies… Continue reading India’s fishing subsidy win at WTO the start of a long fight
Coal Ministry releases Eight Year Achievement Report of Coal Sector
Contents1 What is the News?2 What are the key initiatives launched by the Ministry of Coal in the last eight years?3 Coal Mining Surveillance & Management System (CMSMS)4 Khan-Prahari Mobile Application4.1 SHAKTI Scheme4.2 FDI Policy in Coal Mining What is the News? The Union Minister of Coal has released a report titled “Reforms & Achievements… Continue reading Coal Ministry releases Eight Year Achievement Report of Coal Sector
IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations,2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations,2017
Contents1 What is the News?2 What are the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations,2017?3 What is the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017?4 What are the amendments? What is the News? Insolvency and Bankruptcy Board of India has notified amendments to the Insolvency and… Continue reading IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations,2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations,2017
Railway Innovation Policy: In a boost to start-ups, Railways promises Rs 1.5 crore for tech ideas
Contents1 What is the News?2 What is Railway Innovation Policy?3 How will the startups be supported under the policy?4 What is the significance of this policy? What is the News? The Union Railways Minister has launched a Railway Innovation Policy titled “StartUps for Railways”. What is Railway Innovation Policy? Aim of the policy: To promote… Continue reading Railway Innovation Policy: In a boost to start-ups, Railways promises Rs 1.5 crore for tech ideas
