Source: PIB What is the News? The Union Cabinet has approved the establishment of Integrated Multi-purpose Infrastructure Development Corporation for the Union Territory of Ladakh. Background: After the re-organisation of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir(J&K) Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into… Continue reading Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh
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.
India tough place for business: US report
Source: TOI What is the News? The US State Department has released a report titled ‘2021 Investment Climate Statements: India’. Key Findings of the Report: India remains a challenging place to do business despite taking up many reforms and improving its position in the ease of doing business index. This is because: Protectionist Measures: New… Continue reading India tough place for business: US report
India breaks into the top 10 list of agri produce exporters
Source: Livemint Contents1 What is the News?2 Key Findings of the Report:3 Rice Exports:4 Other Agri Exports:5 Concerns: What is the News? The World Trade Organization(WTO) has released a report on the trends in World Agricultural Trade in the past 25 years. Key Findings of the Report: Agricultural Exports: India has entered into the top… Continue reading India breaks into the top 10 list of agri produce exporters
Centre plans big boost for MSMEs with an inter-ministry data bank
Source: Business Standard Contents1 What is the News?2 What is the Government trying to do for MSMEs?3 What was the need for this step?4 Udyam Portal: What is the News? The Central Government is working towards building a robust data bank for Micro, Small and Medium Enterprises(MSMEs) by integrating information across various ministries and government… Continue reading Centre plans big boost for MSMEs with an inter-ministry data bank
Govt may hike OBC creamy layer slab
Source: Livemint What is the news? The Union government is considering raising the creamy layer income threshold for other backward classes (OBCs) beyond the current Rs 800,000 per annum. Introduction The Union government is said to be considering raising the barrier to Rs 1.2 million, bringing more people under the OBC reservation who may have… Continue reading Govt may hike OBC creamy layer slab
India emerges as 5th largest forex reserves holder in the world
Source: PIB What is the News? The Minister of State for Finance has informed Lok Sabha about the state of India’s Forex Reserves. State of India’s Forex Reserves: India’s forex reserves currently stand at $608.99 billion as on June 25, 2021. India has emerged as the fifth largest foreign exchange reserves holder in the world… Continue reading India emerges as 5th largest forex reserves holder in the world
Government sets up Dairy Investment Accelerator to promote and facilitate investments in the Dairy sector
Source: PIB What is the News? The Department of Animal Husbandry and Dairying(DAHD) has set up a Dairy Investment Accelerator under its Investment Facilitation Cell. About Dairy Investment Accelerator: Dairy Investment Accelerator is a cross-functional team constituted to serve as the interface with investors. It shall provide support across the investment cycle by: Offering specific… Continue reading Government sets up Dairy Investment Accelerator to promote and facilitate investments in the Dairy sector
Government eases stocking norms for pulses importers, wholesalers
Source: TOI Contents1 What is the News?2 Background:3 Why was this order issued?4 What has been done now? What is the News? Government of India has eased stock holding limits on pulses after traders protested by staying away from the buying-selling activities in mandis across the country. Background: The Department of Consumer Affairs had issued… Continue reading Government eases stocking norms for pulses importers, wholesalers
Union Power Minister releases 9th Integrated Ratings of State Power Distribution utilities and Rankings
Source: PIB What is the News? The Union Minister of Power has released 9th Integrated Ratings for State Power Distribution Utilities. About Integrated Ratings for State Power Distribution Utilities: The Ministry of Power had formulated an Integrated Rating exercise in 2012. It evaluates the performance of State Power Distribution utilities on a range of parameters… Continue reading Union Power Minister releases 9th Integrated Ratings of State Power Distribution utilities and Rankings
Financial inclusion is a policy priority: Das
Source: The Hindu Contents1 What is the News?2 Key Highlights from the Address: 3 Financial Inclusion:4 Micro finance:5 Increase in Digital Payments: What is the News? The Reserve Bank of India(RBI) Governor addressed the Economic Times Financial Inclusion Summit. Key Highlights from the Address: Financial Inclusion: Financial Inclusion will continue to be the RBI’s policy priority… Continue reading Financial inclusion is a policy priority: Das
