Source: TOI What is the News? The Reserve Bank of India(RBI) has barred Mastercard from issuing new domestic cards over violation of RBI’s directions on storage of payment system data. Rules regarding Storage of Payment System Data: The Reserve Bank of India has issued a directive in 2018 on ‘Storage of Payment System Data’. It… Continue reading Mastercard can’t issue new cards from July 22: RBI
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.
Constitution of an Expert Committee on Longevity Finance
Source: PIB Contents1 What is the News?2 Aim of Longevity Finance Hub:3 Expert Committee on Longevity Finance Hub:4 What is the need for the Longevity Finance Hub?5 International Financial Services Centres(IFSC): What is the News? International Financial Services Centers Authority(IFSCA) has set up an expert committee. It will recommend an approach towards the development of… Continue reading Constitution of an Expert Committee on Longevity Finance
Rising fuel prices eating into health spends: SBI report
Source: Times of India Contents1 What is the news?2 Background:3 Findings of SBI report:4 Way Ahead: What is the news? A recent report by SBI shows that expenditure on non-discretionary items (including health) is reducing due to rising fuel prices. This calls for urgent lowering of prices through tax rationalisation. Background: SBI has released a… Continue reading Rising fuel prices eating into health spends: SBI report
State of Food Security and Nutrition in the World 2021 report
Source: Down to Earth Contents1 What is the news?2 Findings of other studies3 What is a healthy diet as per WHO?4 Why a healthy diet is necessary? What is the news? Key findings of the Food and Agriculture Organization (FAO)’s latest State of Food Security and Nutrition in the World 2021 report The FAO report has… Continue reading State of Food Security and Nutrition in the World 2021 report
Finance Minister of India and Bhutan jointly launches BHIM–UPI in Bhutan
Source: PIB What is the News? The Union Minister of Finance of India along with the Finance Minister of Bhutan has jointly launched BHIM–UPI in Bhutan. Contents1 Significance of this launch:2 What is BHIM?3 What is UPI?4 About NPCI: Significance of this launch: Bhutan is now the first country to adopt UPI standards for its… Continue reading Finance Minister of India and Bhutan jointly launches BHIM–UPI in Bhutan
NTPC to build India’s largest solar park in Rann of Kutch
Source: PIB What is the News? NTPC Renewable Energy Ltd (NTPC REL), a 100% subsidiary of NTPC, will set up the country’s single largest solar park at Rann of Kutch in Gujarat. About the Solar Park in Gujarat: The 4,750-megawatt(MW) Solar Park at Rann of Kutch in Gujarat will be set up by NTPC Renewable… Continue reading NTPC to build India’s largest solar park in Rann of Kutch
Interest rates and asset prices
Source: Business Standard Synopsis: Relationship between interest rates and asset prices is discussed What is an asset? An asset is defined as follows, a useful thing or an item of property owned by a person or company, regarded as having value. Interest rate Interest rate is defined as the price one pays to borrow money or… Continue reading Interest rates and asset prices
Strengthening export linkage of Farmer Cooperatives & FPOs
Source: Pib What is the news? APEDA and NAFED have signed a memorandum of understanding (MoU) for harnessing the export potential of agricultural and processed food products of cooperatives as well as Farmer Producer Organizations (FPOs). Key points of MoU The key areas of cooperation include facilitating APEDA registered exporters getting assistance under all the… Continue reading Strengthening export linkage of Farmer Cooperatives & FPOs
G-secs: RBI unveils Retail Direct Scheme
Source: The Hindu Contents1 What is the News? 2 About RBI Retail Direct Scheme: 3 What are Government Securities(G-secs)? 4 What are NDS(Negotiated Dealing System)? What is the News? The Reserve Bank of India(RBI) has announced the launch of the RBI Retail Direct scheme. About RBI Retail Direct Scheme: RBI Retail Direct Scheme is a one-stop solution to facilitate investment in… Continue reading G-secs: RBI unveils Retail Direct Scheme
NHAI resumes infrastructure investment trust project with roadshows
Source: Business Standard What is the News? National Highways Authority of India(NHAI) has started re-engagement with investors for its infrastructure investment trust(InvIT) which has been delayed by over a year. What are Infrastructure Investment Trusts(InvITs)? InvITs are instruments that work like mutual funds. They are designed to pool small sums of money from a number… Continue reading NHAI resumes infrastructure investment trust project with roadshows
