What is the News? The Government of India has announced that it would clear all dues of exporters under various export promotion schemes. What are the various export promotion schemes under which dues will be cleared? About Merchandise Exports from India Scheme (MEIS) Click here to Read about MEIS Note: RoDTEP scheme which came into… Continue reading Government Provides Big Boost to Exporters
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.
Merchants, companies can’t store card data from Jan 1: RBI
Contents1 What is the News?2 Reasons for RBI’s Ban on Storing card data3 What is the solution then?4 RBI’s Guidelines on Tokenization What is the News? Reserve Bank of India(RBI) has directed that no entity or merchant, other than card issuers and card networks, should store card details — or card-on-file (CoF) — from January… Continue reading Merchants, companies can’t store card data from Jan 1: RBI
Panel set up to draft Bill on drugs, cosmetics and medical devices
What is the News? The Union government has constituted a committee for framing legislation regarding new drugs, cosmetics and medical devices. About the Committee Headed by: The committee is headed by Drugs Controller General of India V.G. Somani. Mandate: To undertake pre-legislative consultations and examine the present Drugs and Cosmetics Act,1940, examine previously framed Drugs… Continue reading Panel set up to draft Bill on drugs, cosmetics and medical devices
Niti Aayog Launches India’s First MBA Programme in Agripreneurship and Value Chain Management Offered by IIS
What is the News? NITI Aayog and the Indian Institute of Sustainability of Gujarat University have signed a Statement of Intent (SoI) to launch an MBA programme in agripreneurship and value chain management. About MBA Programme in Agripreneurship and Value Chain Management It is a uniquely designed course that will provide global exposure to students… Continue reading Niti Aayog Launches India’s First MBA Programme in Agripreneurship and Value Chain Management Offered by IIS
Chief Ministers Conference on initiatives and schemes for farmers welfare
What is the News? The Union Agriculture Minister has addressed the Chief Minister’s Conference on initiatives and schemes for farmers welfare. The objective of the Conference To highlight the salient features of Atma Nirbhar Krishi and to enable States to enhance farmers income. It was also an occasion to share innovative initiatives undertaken by the… Continue reading Chief Ministers Conference on initiatives and schemes for farmers welfare
Account Aggregators: new framework to access, share financial data
What is the News? State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank and Federal Bank have joined the Account Aggregator(AA) network that will enable customers to easily access and share their financial data. What is an Account Aggregator(AA)? Account Aggregator is a non-banking financial company… Continue reading Account Aggregators: new framework to access, share financial data
Sukhet’s villagers trade waste for wellness, get free LPG refills
What is the news? The rising price of LPG cylinders was making life difficult for women in rural areas. The instalment of Sukhet model in the village has brought ease to the household. The program was lauded by Prime Minister Modi in his latest episode of ‘Mann ki Baat’. What is Sukhet’s model? It is… Continue reading Sukhet’s villagers trade waste for wellness, get free LPG refills
Govt sets exports target for textile industry at $100 bn, up from $33 bn
What is the News? The Union Minister for Textiles has asked the textile industry to set an aim to increase textiles exports three times from the present export value of $33 billion to $100 billion of textiles exports. India’s Textile and Apparel Industry: India is among the world’s largest producers of Textiles and Apparel. The… Continue reading Govt sets exports target for textile industry at $100 bn, up from $33 bn
Powergrid wins the prestigious global ATD Best award
Contents1 What is the news?2 What is ATD?3 What is Powergrid?4 What is PAL? What is the news? Recently, Powergrid won the prestigious global ATD (Association for Talent Development) Award for nourishing the best talent. It got 8th rank among the 71 organizations from around the globe. It is the only Indian PSU to win… Continue reading Powergrid wins the prestigious global ATD Best award
Centre plans PSU land sale worth more than Rs 600 crore via e-bidding
What’s in news? The Center is planning to sell parcels worth more than ₹600 crores of public sector undertakings via the e-bidding platform. Further, the government also aims to sell non-core assets worth ₹10000 crores through this platform. About the PSU land sale: The government is looking to push the sale of idle assets of PSUs.… Continue reading Centre plans PSU land sale worth more than Rs 600 crore via e-bidding
