Source: This post is based on the article “India to Offer Indemnity to Flag Carrier Bidder Over Cairn Claim“ published in Livemint on 2nd September 2021. What is the News? The Indian Government has planned to offer indemnity to the financial bidders of Air India Ltd. Note: Indemnity means security against a loss or other… Continue reading India to Offer Indemnity to Flag Carrier Bidder Over Cairn Claim
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.
What are the new BH series registration plates for vehicles?
Source: This post is based on the article “New BH series registration plates for vehicles” published in Indian Express on 1st September 2021. What is the News? The Ministry of Road Transport and Highways has notified Bharat series of “BH” series of registration to ensure seamless transfer of vehicles across states. What is the Existing system?… Continue reading What are the new BH series registration plates for vehicles?
India’s most GIFTed city
Source: This post is based on the article “India’s most GIFTed city” published in Business Standard on 1st September 2021. What is the news? India’s first International Financial Services Centre (IFSC) in Gandhinagar seems to be moving up, at least on paper, after delays in land acquisition, infrastructure development snags and political crosswinds. About IFSC… Continue reading India’s most GIFTed city
A sign of Rlys’ poor health
Source: This post is based on the article “A sign of Rlys’ poor health“ published in Business Standard on 1st September. What is the news? Railways’ accounts reveal it spent ₹98 to ₹100 in 2019-20. In 2019-20, the capital expenditure of Indian Railways (IR) increased 60% over 2016-17. But an analysis by Business Standard shows… Continue reading A sign of Rlys’ poor health
RBI permits card-tokenization services in a bid to make card transactions more safe
Source: This post is based on the article “RBI permits card tokenization services” published in AIR on 26th August, 2021. What is the News? The Reserve Bank of India has permitted authorised card networks to offer card tokenization services to any token requestor in a bid to make card transactions more safe, secure and convenient… Continue reading RBI permits card-tokenization services in a bid to make card transactions more safe
102 Vande Bharat trains to be operational by 2024
Source: This post is based on the Article “102 Vande Bharat Trains” published in “The Hindu” on 31st August, 2021. What is the News? Indian Railways has planned to operate 102 Vande Bharat trains by March 2024. What is Vande Bharat Train? Vande Bharat is India’s first indigenously built engineless semi-high speed train. Earlier, it… Continue reading 102 Vande Bharat trains to be operational by 2024
Adopting crypto assets as currency is a risky bet: IMF
Source: This post is based on the article “Adopting crypto assets as currency is a risky bet: IMF” published in Livemint on 31st August 2021. What is the news? The International Monetary Fund (IMF) has warned that adoption of crypto assets such as Bitcoin as national currency can impact a country’s macroeconomic stability. The warning came ahead… Continue reading Adopting crypto assets as currency is a risky bet: IMF
Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
Source: This post is based on the article “Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles” published in PIB on 28th August 2021. What is the News? The Ministry of Road Transport and Highways has introduced a new registration mark for new vehicles called the Bharat… Continue reading Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
NITI Aayog caught in e-com cross hairs
Source: Business Standard Contents1 What is the news?2 Background3 What did NITI Aayog say?4 What is the fallback liability clause?5 Why is CAIT criticizing NITI Aayog? What is the news? Confederation of All India Traders (CAIT) has criticized NITI Aayog on its opposition to some of the e-commerce policy rules. In June, the consumer affairs… Continue reading NITI Aayog caught in e-com cross hairs
Duopoly in telcom will hurt both consumers and govt
Source: Business Standard What is the news? The government is reportedly looking at a relief package for the stressed telecom sector while also exploring ways to allow operators to pay their dues linked to adjusted gross revenue (AGR) over 20 years rather than 10 years currently. Must Read: Two is too few – Issues with telecom sector Preventing a… Continue reading Duopoly in telcom will hurt both consumers and govt
