What is the News? The recent reforms in the gems and jewellery industry would help it achieve the $43.75 billion exports target for this fiscal year. About the performance of Gems and Jewellery Sector Gems & Jewellery sector is one of the important sectors of Indian Economy with a contribution of around 7% to GDP,… Continue reading Reforms in jewellery sector to help achieve export target: Minister
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.
Union Cabinet clears decks for National Asset Reconstruction Company
What is the News? The Union Government has approved a proposal that requires the government to guarantee Security Receipts(SR) issued by National Asset Reconstruction Company Ltd (NARCL) when buying non-performing assets (NPAs) from banks. This will clear the path for the launch of National Asset Reconstruction Company (NARCL). Note: Security Receipts (SR) are issued by ARCs… Continue reading Union Cabinet clears decks for National Asset Reconstruction Company
India urges East Asian nations to lower non-tariff barriers to trade
What is the news? India has raised concerns over restrictive measures faced by Indian Agri exporters, at the 9th East Asia Summit – Economic Ministers’ Meeting. India highlighted that proliferation of trade agreements in Indo-Pacific region has led to a decline in tariff rates over time, but non-tariff measures act as a major trade barrier in… Continue reading India urges East Asian nations to lower non-tariff barriers to trade
Folk rice: Researchers spot a dozen Indian paddy varieties that can boost nourishment
Contents1 What is the news? 2 What are the advantages of the folk rice varieties? 3 What is the present status of folk rice varieties? 4 What is the way forward? What is the news? As per the recent study, 12 folk varieties of Indian rice can supplement the nutritional demand of important fatty acids in undernourished mothers. These can further supplement… Continue reading Folk rice: Researchers spot a dozen Indian paddy varieties that can boost nourishment
Ministry of Agriculture and Farmers welfare signs 5 MOUs with private companies for taking forward Digital Agriculture
What is the News? Union Minister of Agriculture and Farmers Welfare has signed five Memorandums of Understanding (MOUs) with private corporations to advance digital agriculture. What is Digital Agriculture? Digital agriculture is the use of new and advanced technologies, integrated into one system, to enable farmers and other stakeholders within the agriculture value chain to… Continue reading Ministry of Agriculture and Farmers welfare signs 5 MOUs with private companies for taking forward Digital Agriculture
Govt. curbs funding for 10 climate change, child labour NGOs
What is the news? Recently the government curbed the funding for a group of ten American, Australian and European NGOs dealing with environmental, climate change and child labour issues. A similar incident also happened in the past when the government restricted Greenpeace (The International NGO) from receiving foreign funds. What were the instructions given by… Continue reading Govt. curbs funding for 10 climate change, child labour NGOs
T+1 settlement system: how it works, and how it will help investors
What is the News? Securities and Exchange Board of India (SEBI) has introduced T+1 (Trade plus 1 day) settlement cycle for stocks on an optional basis in place of T+2 settlement. The new rule will come into force on January 1,2022. What is a T+1, T+2 Settlement? T+1 (T+2) are abbreviations that refer to the… Continue reading T+1 settlement system: how it works, and how it will help investors
‘No new coal plants needed to meet 2030 demand’
What is the News? According to a report prepared by EMBER, an independent British energy think-tank in collaboration with Bangalore-based Climate Risk Horizons, India does not require additional new coal capacity to meet expected demand growth by the financial year 2030. Key Findings of the report India does not require additional new coal capacity to… Continue reading ‘No new coal plants needed to meet 2030 demand’
If inflation remains elevated, Monetary Policy Committee could lose credibility. This must be avoided
Contents1 What is the news?2 What does the recent GDP data indicate?3 What concerns are being raised wrt RBI’s current policy?4 What is RBI’s view on policy normalisation? What is the news? RBI Governor has expressed optimism over the state of the economy. Speaking at an event organized by The Indian Express and the Financial… Continue reading If inflation remains elevated, Monetary Policy Committee could lose credibility. This must be avoided
El Salvador’s gamble on Bitcoin: Much too dicey
What is the news? El Salvador became the first country to adopt Bitcoin as legal tender. But the launch was marked by Chivo app (state-backed wallet app) glitches and crash in the Bitcoin price. This shows the volatility associated with Cryptocurrency is real and the adoption of Bitcoin as the official currency can turn out… Continue reading El Salvador’s gamble on Bitcoin: Much too dicey
