Source: Livemint and Business Standard What is the News? The Reserve Bank of India has released India’s First composite Financial Inclusion Index (FI-Index). About Financial Inclusion Index(FI-Index): Released by: Reserve Bank of India(RBI) Aim: To capture the extent of financial inclusion across the country. Parameters: The index comprises three broad parameters — access (35% weightage),… Continue reading Reserve Bank launches index to capture financial inclusion
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.
MoHUA launches one brand -‘SonChiraiya’ – for Urban SHG products
Source: PIB What is the News? The Ministry of Housing and Urban Affairs has launched ‘SonChiraiya’. About SonChiraiya: SonChiraiya is a brand and logo for the marketing of urban Self-Help Group (SHG) products. This will help in improving visibility and global access for the products made by urban SHG women. Deendayal Antyodaya Yojana – National… Continue reading MoHUA launches one brand -‘SonChiraiya’ – for Urban SHG products
DPE brings out 60th annual Public Enterprises Survey 2019-20
Source: PIB Contents1 What is the News?2 Brief history of the Public Enterprises (PE) survey:3 Public Enterprises Survey 2019-20 4 Findings of the Survey: What is the News? The Department of Public Enterprises (DPE), Ministry of Finance has released the Annual Public Enterprises Survey 2019-20. Brief history of the Public Enterprises (PE) survey: The Estimates Committee… Continue reading DPE brings out 60th annual Public Enterprises Survey 2019-20
Fill consumer disputes panel vacancies in eight weeks: SC
Source: The Hindu What is the News? The Supreme Court has given the Centre and the States eight weeks to fill the vacancies in the consumer disputes redressal commissions. What is the issue? The court was hearing a suo motu case on inaction in appointing president and members/staff of Districts and State Consumer Disputes Redressal… Continue reading Fill consumer disputes panel vacancies in eight weeks: SC
Indian promoters likely to give personal guarantee on foreign assets
Source: Business Standard Contents1 What is the news?2 Who is a promoter?3 Key proposals4 Present rules What is the news? In a major shift from its earlier stance, the Reserve Bank of India (RBI) has proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with… Continue reading Indian promoters likely to give personal guarantee on foreign assets
New licensing regime for UCBs in the pipeline
Source: Business Standard What is the news? A brand-new licensing regime for urban co-operative banks (UCBs) is on the cards for financially sound and well-managed co-operative credit societies. This comes 17 years after the Reserve Bank of India (RBI) stopped issuing them. Expected Reforms in UCBs Constituting a board of management (BoM) for UCBs with… Continue reading New licensing regime for UCBs in the pipeline
Centre mulls changes in draft e-commerce rules
Source: Business Standard Contents1 What is the news?2 Why govt is considering changes?3 Background4 Concerns 5 Suggestions What is the news? The Centre is considering changes to the consumer protection rules on e-commerce that may include redrafting related party sales and clarity on flash sales, after consultation with industry and e-commerce players. Why govt is considering… Continue reading Centre mulls changes in draft e-commerce rules
Power Minister Launches “Reform and Regulatory Knowledge base for Power Sector
Source: PIB What is the News? The Union Minister for Power has launched a “Reform and regulatory knowledge base for the power sector” and a “Regulatory Data Dashboard Program”. These initiatives have been developed by IIT Kanpur. About Reform and regulatory knowledge base for the power sector: It is an e-certification program to provide regulatory… Continue reading Power Minister Launches “Reform and Regulatory Knowledge base for Power Sector
Emergency arbitration award is applicable: Amazon wins in Supreme Court
Source: Times of India, Indian Express and The Hindu Introduction: Recently, the Supreme Court has ruled in favour of e-commerce giant Amazon against the merger deal between Future Retail Limited (FRL) and Reliance Retail. The Supreme Court also upheld the interim award of the Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC). What is the… Continue reading Emergency arbitration award is applicable: Amazon wins in Supreme Court
Finance Panel for appointing HC judges as NCLT members to reduce litigation
Source: Business Standard Contents1 What is the News?2 Problems in the IBC Process:3 Recommendations of the Standing Committee on Finance:4 Terms to know: What is the News? The Standing Committee on Finance of the Lok Sabha has recommended overhauling the entire IBC (Insolvency and Bankruptcy Code) process. Click Here to Read about Insolvency and Bankruptcy… Continue reading Finance Panel for appointing HC judges as NCLT members to reduce litigation
