Source: The post is based on the article “India seen overtaking China as biggest importer of seaborne Russian crude” published in Business Standard on 27th July 2022. What is the News? India is understood to have overtaken China as the top destination for seaborne Russian crude oil this month. This is the first time Indian imports… Continue reading India seen overtaking China as biggest importer of seaborne Russian crude
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.
Digital Banks and the promise of digital inclusion
Source: The post is based on the article “Digital Banks and the promise of digital inclusion” published in Livemint on 26th July 2022. What is the News? NITI Aayog has released a report on digital banks offering a template for their licensing in India. What are the planned digital banks? Digital Banks or DBs are… Continue reading Digital Banks and the promise of digital inclusion
NDDB MRIDA Limited: Union Minister launches NDDB’s subsidiary for manure management
Source: The post is based on the article “Union Minister launches NDDB’s subsidiary for manure management” published in PIB on 25th July 2022. What is the News? The Union Minister of Fisheries, Animal Husbandry and Dairying has launched NDDB MRIDA Limited. What is NDDB MRIDA Limited? NDDB MRIDA Limited is a wholly-owned subsidiary company of… Continue reading NDDB MRIDA Limited: Union Minister launches NDDB’s subsidiary for manure management
Explained: Making use of forex reserves
Source: The post is based on the article “Explained: Making use of forex reserves” published in Indian Express on 25th July 2022. What is the News? From a peak of $642.45 billion in 2021, India’s foreign exchange reserves have dipped to $572.71 billion as of July 2022. That’s a fall of almost $70 billion in… Continue reading Explained: Making use of forex reserves
Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to
Source: The post is based on the article “Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to” published in Indian Express on 23rd July 2022. What is the News? The Supreme Court in Vidarbha Industries Power Ltd vs Axis Bank Ltd has held that it is… Continue reading Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to
Explained: Why India has cut windfall tax on diesel, aviation fuel exports
Source: The post is based on the article “Explained: Why India has cut windfall tax on diesel, aviation fuel exports” published in Indian Express on 20th July 2022. What is the News? The government of India has slashed windfall tax on domestically produced crude, diesel and aviation turbine fuel, withdrew the levy on petrol and… Continue reading Explained: Why India has cut windfall tax on diesel, aviation fuel exports
Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
Source: The post is based on the article “Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India” published in PIB on 21st July 2022. What is the News? Jawaharlal Nehru Port(JNP) has become the first major landlord port in India following the awarding of a private tender to expand Jawaharlal Nehru Port Container… Continue reading Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting
Source: The post is based on the article “The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting” published in PIB on 22nd July 2022. What is the News? The Minister of Commerce and Industry has informed Rajya Sabha about Agreement on Fisheries Subsidies. What is the Agreement on Fisheries Subsidies? The WTO Agreement… Continue reading The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting
Explained: MSP and govt panel’s task
Source: The post is based on the article “Explained: MSP and govt panel’s task” published in Indian Express on 20th July 2022. What is the News? The Government of India has constituted a committee to look into the issues of minimum support price(MSP), Natural Farming and Crop diversification. Why has the committee been set up?… Continue reading Explained: MSP and govt panel’s task
NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India
Source: The post is based on the article “NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India” published in PIB on 20th July 2022. What is the News? NITI Aayog has released a report titled “A Proposal for Digital Banks in India: Licensing & Regulatory Regime”. What is the… Continue reading NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India
