What is the News? NITI Aayog has launched a report titled ‘India’s Booming Gig and Platform Economy’. What is India’s Booming Gig and Platform Economy Report? Released by: Niti Aayog Purpose: The report is a first-of-its-kind study that presents comprehensive perspectives and recommendations on the gig–platform economy in India. What are the key highlights from… Continue reading NITI Aayog Launches Report on India’s Gig and Platform Economy
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.
Crisis in salt sector hits 5 lakh people in Gujarat
What is the News? The Salt Industry is facing enormous challenges in meeting the demand and handling the crisis faced by salt farmers and workers. Salt Industry in India India ranks third in the production of salt in the world next to the USA and China. Sea salt constitutes about 70% of the total salt… Continue reading Crisis in salt sector hits 5 lakh people in Gujarat
Biodiversity loss to raise India’s bankruptcy risk 29%
What is the News? According to a study by British economists, loss of biodiversity will downgrade the Sovereign credit ratings of several countries including India increasing their bankruptcy risk. What are Sovereign credit ratings? Sovereign credit ratings are an independent assessment that determines the creditworthiness of a country. It can give investors insights into the… Continue reading Biodiversity loss to raise India’s bankruptcy risk 29%
India’s First Logistics Excellence Awards highlight the contributions of the Private Sector driving change and innovation in the Logistics Sector
What is the News? The Government of India has hosted its first-ever National Logistics Excellence Awards. What is the National Logistics Excellence Awards? Launched by: Ministry of Commerce and Industry Aim: To acknowledge the many logistics service providers in the country that have been able to display innovation, diversity and efficiency. Categories: The awards were… Continue reading India’s First Logistics Excellence Awards highlight the contributions of the Private Sector driving change and innovation in the Logistics Sector
PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
What is the News? The Prime Minister has inaugurated ‘Vanijya Bhawan’ and launched the NIRYAT portal. What is Vanijya Bhawan? It is a new premises of the Ministry of Commerce and Industry. It is designed as a smart building which incorporates the principles of sustainable architecture with a special focus on energy saving. It will… Continue reading PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
Dutch disease
What is the News? This article talks about the Dutch Disease and how to combat it. What is Dutch Disease? Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across sectors due to the discovery of natural resources, especially large oil reserves. According to the concept, when a country discovers… Continue reading Dutch disease
Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
What is the News? The Reserve Bank of India(RBI) has released the “Payments Vision 2025”. What is “Payments Vision 2025”? Released by: Reserve Bank of India(RBI) Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es) Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes). Goalposts: The activities to… Continue reading Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
Explained: India’s emerging twin deficit problem
What is the News? The Finance Ministry in its report has warned of a Twin Deficit Problem due to higher commodity prices and a rising subsidy burden. What is a Twin Deficit? A twin deficit basically refers to a situation where the country runs relatively large current account and fiscal deficits. A higher twin deficit… Continue reading Explained: India’s emerging twin deficit problem
Five states need to take steps to stabilize debt levels: RBI
What is the News? According to a Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal figure among the most stressed states fiscally. RBI on Status of States Debts Based on the debt-GSDP ratio in 2020-21, Ten states namely Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya… Continue reading Five states need to take steps to stabilize debt levels: RBI
Indian interests at the WTO Ministerial Conference
What is the News? The 12th Ministerial Conference of the World Trade Organization has agreed to a series of deals relating to the temporary waivers on Covid-19 vaccines, a moratorium on e-commerce trade, food security and setting limits on harmful fishing subsidies. What is the Ministerial Conference of the WTO? The Ministerial Conference is the… Continue reading Indian interests at the WTO Ministerial Conference
