Source: Business Standard Contents1 What is the news?2 Rationale3 Why credit offtake is weak in India?4 Way forward What is the news? Union Finance Minister recently asked public sector banks (PSBs) to give credit through outreach programmes in every district of the county and referred to the 2019 “loan melas” undertaken by banks across 400… Continue reading Loan Mela Mindset (On lending by PSBs)
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.
Government of India launches the e-Shram Portal
Source: PIB What is the News? The Minister for Labour and Employment has formally launched the e-Shram portal. About e-Shram portal: e-Shram portal has been developed for creating a National Database of the Unorganized Workers(NDUW). Key Objective: To implement social security schemes for the unorganized workers. Key Features of the Portal: There are no income… Continue reading Government of India launches the e-Shram Portal
Government prepares plan to hive off surplus land of PSUs (On NMP project)
Source: The Hindu, TOI Contents1 What is the news?2 Background3 Why a specialized entity?4 Mandate of the specialized entity What is the news? After unveiling the Rs 6-lakh-crore asset monetization program, the government has accelerated efforts to separate surplus land. The government will soon seek Cabinet approval for setting up a specialized entity (special purpose… Continue reading Government prepares plan to hive off surplus land of PSUs (On NMP project)
Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0
Source: PIB What is the News? The Union Minister of Finance and Corporate Affairs has unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22. About EASE: Enhanced Access and Service Excellence(EASE) is a common reform agenda for Public Sector Banks (PSBs). It is aimed at institutionalizing clean lending,… Continue reading Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0
e-Shram portal: A database for unorganised sector workers
Source: Indian Express What is the News? The Minister for Labour and Employment will launch an e-Shram portal. About e-Shram portal: The e-Shram portal is a database of unorganised sector workers. The portal aims to register 38 crore unorganised workers, such as construction labourers, migrant workforce, street vendors and domestic workers among others. After registration,… Continue reading e-Shram portal: A database for unorganised sector workers
India pips US to rank second in list of most attractive manufacturing hub globally; China first
Source: Indian Express Contents1 What is the News?2 About Global Manufacturing Risk Index:3 Key Findings of the Index:4 Reasons for India’s improvement in ranking: What is the News? The Global Manufacturing Risk Index 2021 has been released. About Global Manufacturing Risk Index: Released by: US-based property consultant Cushman & Wakefield Purpose: To assess and rank… Continue reading India pips US to rank second in list of most attractive manufacturing hub globally; China first
CSIR-CMERI ‘Collaborative Model with the Market’ for establishing Industry-Academia Linkage
Source: PIB What is the News? CSIR-Central Mechanical Engineering Research Institute(CMERI) has launched a ‘Collaborative Model with the Markets’ for establishing Industry-Academia Linkage. Background: India aspires to be a ‘Global Manufacturing Powerhouse’ of the Future. It also aims to be a ‘Zero-Defect’ Manufacturing Economy where there is a minimum tolerance for deviation from precision parameters. … Continue reading CSIR-CMERI ‘Collaborative Model with the Market’ for establishing Industry-Academia Linkage
E-tailers can’t store your card data, says RBI
Source: TOI What is the News? Reserve Bank of India is all set to implement its revised set of guidelines on the card data storage policy from January 2022. RBI’s Guidelines on Card Data Storage Policy: As per the guidelines, Payment Aggregators(PAs), Payment Gateways and online merchants shall not store card credentials of customers in… Continue reading E-tailers can’t store your card data, says RBI
FM launches Ubharte Sitaare Fund
Source: The Hindu Contents1 What is the News?2 About ‘Ubharte Sitaare’ Alternative Investment Fund:3 Objectives of the Fund:4 Key Features of the Fund: What is the News? The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund. About ‘Ubharte Sitaare’ Alternative Investment Fund: Aim: To provide debt and equity funding to export-oriented MSMEs as… Continue reading FM launches Ubharte Sitaare Fund
RBI panel suggests umbrella body for helping smaller UCBs scale up
Source: Business Standard and Livemint Contents1 What is the News?2 About the Expert Committee on UCBs:3 Key Recommendations of the Committee:4 Umbrella Organisation: 5 Compulsory Amalgamation:6 Supervisory Action Framework(SAF):7 Use of Cloud Services: What is the News? The Reserve Bank of India(RBI) has released the report of the Expert Committee on Primary Urban Co-operative Banks(UCBs). About… Continue reading RBI panel suggests umbrella body for helping smaller UCBs scale up
