Source: PIB What is the News? Union Cabinet has accorded approval for the revised implementation strategy of BharatNet through Public-Private Partnership(PPP) mode in 16 States of the country. BharatNet Project: BharatNet Project was originally launched in 2011 as the National Optical Fibre Network(NOFN) and renamed as Bharat-Net in 2015. What is the revised implementation strategy… Continue reading Cabinet approves BharatNet implementation through Public Private Partnership Model
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.
Capex push to aid economy: CEA
Source: Livemint What is the News? According to the Chief Economic Advisor(CEA), the Government is following a Capital Expenditure(Capex) driven strategy to boost economic activity in the country. Key facts mentioned in the article: What is Gross Fixed Capital Formation(GFCF)? Gross Fixed Capital Formation(GFCF) represents investment demand in the economy. As per RBI, GFCF refers… Continue reading Capex push to aid economy: CEA
SEBI tightens norms related to independent directors
Source: TOI What is the News? Securities Exchange Board of India (SEBI) has approved various amendments to rules governing the appointment, re-appointment, and removal of Independent Directors. Who are Independent Directors? An independent Director is a director on a board of directors representing minority shareholders. He/she does not have a pecuniary relationship with the company… Continue reading SEBI tightens norms related to independent directors
E-commerce norms on global lines: Government
Relevance: Synopsis: The EU and countries like the US, Australia, Japan and Singapore, have strict e-commerce regulations. The proposed Draft e-commerce rules are aimed at fulfilling the evolving global architecture. How are the e-commerce companies governed globally? The European Union: In December 2020, the European Commission proposed a digital regulation package consisting of the Digital Services Act… Continue reading E-commerce norms on global lines: Government
Our record forex reserves must be seen in the right perspective
Synopsis: India’s Foreign exchange reserves have registered a record increase. However, analyzing factors and impacts of this increase are important. Introduction India’s foreign exchange reserves crossed $600 billion for the first time. On July 11, the reserve stood at $608.1 billion. Out of that foreign currency reserves account for $563.5 billion and gold reserves accounts for… Continue reading Our record forex reserves must be seen in the right perspective
Quality focus to help in ‘setting humane fiscal policy’: RBI study
Contents1 What is the News? 2 About Cyclical Fiscal Policy: 3 What is Counter Cyclical Fiscal Policy? 4 What is pro-cyclical fiscal policy? 5 What is Gross Fiscal Deficit? What is the News? A Reserve Bank of India study has said that the formal weaving of quality targets into the fiscal consolidation paths would result in setting fiscal policy… Continue reading Quality focus to help in ‘setting humane fiscal policy’: RBI study
RBI issues guidelines for NBFCs to declare dividend
What is the News? The Reserve Bank of India(RBI) has issued guidelines that spell out the eligibility criteria for non-banking finance companies(NBFCs) to declare dividends. What is Dividend? Dividend is a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves). What is NBFC? A Non-Banking Financial… Continue reading RBI issues guidelines for NBFCs to declare dividend
A crystal ball gaze at where the Indian rupee could be headed
Why Rupee fluctuates vis-a-vis other currencies? Reason for fluctuation in rupee: India’s foreign exchange reserves. For example, an increase in forex reserves is an indication that India is getting in more dollars than India’s spending. This will push India’s current and capital accounts into surplus zone and impact the exchange rates. Daily fluctuations caused by foreign portfolio investment (FPI) flows. External factor of the dollar,… Continue reading A crystal ball gaze at where the Indian rupee could be headed
Excise duty helps fill Centre’s fiscal gap
What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap
MCA expands small firm definition, raises turnover and borrowing limits
What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits
