What is the News? The meeting between the Minister for Commerce and the private Industry soon after the national lockdown was announced in 2020 has led to the setting up of the SCALE Committee. What is the SCALE Committee? SCALE Committee stands for Steering Committee for Local Value Addition, Manufacturing and Exports(SCALE) It is a… Continue reading Govt.-industry panel drives policy to revive manufacturing
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.
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
Contents1 What is the News?2 What is the current procedure?3 What has changed now?4 Significance of this decision What is the News? The Reserve Bank of India(RBI) has permitted lenders to transfer the loans that have been classified as fraud to asset reconstruction companies(ARCs). What is the current procedure? Currently, RBI norms require banks to… Continue reading RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
United Nations Food Systems Summit: Need to transform food systems, say experts
Contents1 What is the news? 2 What is food system? 3 What kind of food system we need today? 4 What are the actions needed to realize the vision of 2030 agenda? What is the news? Recently, United Nations Food System Summit took place in New York. In this summit, leaders emphasized that there is a need to achieve the United Nations-mandated Sustainable… Continue reading United Nations Food Systems Summit: Need to transform food systems, say experts
Creative destruction’ dents inclusion, ups output: Das
Contents1 What is the News?2 What are the key highlights of his address?2.1 On Covid-19 Impact2.2 On Digitisation3 What is the way forward then? What is the News? The Reserve Bank of India(RBI) Governor has delivered his keynote address at the National Management Convention of the All India Management Association (AIMA). What are the key… Continue reading Creative destruction’ dents inclusion, ups output: Das
India’s income divide narrows, wealth divide persists: Survey data
Contents1 What is the News?2 What are the key highlights from the survey?2.1 Wealth Inequality2.2 Income Inequality is lower than Wealth Inequality2.3 Share of bottom 10 per cent in total income has increased3 The difference between the top 10% and bottom 10% is reducing What is the News? National Sample Survey Organisation(NSSO) has released the… Continue reading India’s income divide narrows, wealth divide persists: Survey data
National Single Window System for Investors and Businesses Launched
What is the News? The Union Minister of Commerce and Industry has launched the National Single Window System (NSWS) for investors and businesses. What is the National Single Window System (NSWS)? National Single Window System is a one-stop digital platform that aims at allowing investors to apply for various pre-operations approvals required for commencing a… Continue reading National Single Window System for Investors and Businesses Launched
A time to introspect: On GST Council meeting
What is the news? Recently, GST Tax Council held its first physical meeting during the pandemic. It approved various changes. Concessional tax rates on vital COVID-19 equipment such as oxygen concentrators will lapse on Sep 30, while the lower rates on medicines were extended till December. As there are no signs the virus and its variants… Continue reading A time to introspect: On GST Council meeting
Govt to promote pearl farming in tribal areas
Contents1 What is the News?2 What are Pearls?3 How is Pearl Framing done?4 What are the advantages of Pearl Farming? What is the News? TRIFED (Tribal Cooperative Marketing Development Federation of India) has signed an agreement with the Jharkhand-based Purty Agrotech for the promotion of pearl farming in tribal areas. What are Pearls? Pearls are… Continue reading Govt to promote pearl farming in tribal areas
India plan for tighter e-commerce rules faces internal govt dissent: Report
What is the news? India’s plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show. The Ministry of Finance has described some proposals under the draft e-commerce rules as “excessive” and “without economic rationale”. It should be noted that there’s not yet a formal implementation… Continue reading India plan for tighter e-commerce rules faces internal govt dissent: Report
The doing-better syndrome and our prisoner’s dilemma: On WB ending the EoDB report
What is the news? Doing Business’ report, was recently junked by the World Bank. The author welcomes the move, stating that we celebrated improvements in such rankings without quite understanding the underlying methodology or the impact such rankings had on the lives of a larger group of stakeholders. Must Read: The end of Doing Business… Continue reading The doing-better syndrome and our prisoner’s dilemma: On WB ending the EoDB report
