Source: Live Mint What is the news? Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC). Must Read: What is e-RUPI and how does it work? What will e-RUPI be used for? The most… Continue reading How e-RUPI can make welfare payments easier?
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.
Kerala’s first road tunnel “Kuthiran Tunnel” opens on one side
Source: Livemint What is the News? Kuthiran Tunnel in Kerala has been opened on one end side. This move will help improve connectivity between Tamil Nadu and Karnataka. About Kuthiran Tunnel: The Kuthiran Tunnel is the first road tunnel in Kerala. It is located at Kuthiran in the Thrissur district of Kerala. The tunnel is… Continue reading Kerala’s first road tunnel “Kuthiran Tunnel” opens on one side
NITI Aayog and RMI Release a Report on Power Distribution Sector
Source: PIB Contents1 What is the News?2 Purpose of the Report:3 Key Findings of the Report:4 Reforms suggested by the Report: What is the News? NITI Aayog and RMI have released a report titled “Turning Around the Power Distribution Sector”. Purpose of the Report: The report presents a review of reform efforts in the Indian… Continue reading NITI Aayog and RMI Release a Report on Power Distribution Sector
PM to launch digital payment solution e-RUPI
Source: PIB Contents1 What is the News?2 About e-RUPI:3 How does e-RUPI work?4 Features of e-RUPI:5 Significance of e-RUPI: What is the News? The Prime Minister has launched a digital Initiative named “e-RUPI”. About e-RUPI: e-RUPI is a cashless and contactless instrument for digital payment. It is founded on the Unified Payment Interface(UPI) platform. Purpose:… Continue reading PM to launch digital payment solution e-RUPI
Reform-based scheme: Discoms get till Dec 31
Source: Indian Express Contents1 What is the News?2 About Reform Based Power Distribution Scheme:3 Objectives of the Scheme:4 Duration of the Scheme:5 Key Features of the Scheme: What is the News? Union Minister of Power has said that the Power distribution companies (discoms) looking to avail funds under the government’s Rs 3.03-lakh crore Reform Based… Continue reading Reform-based scheme: Discoms get till Dec 31
Atal Innovation Mission successfully completes ‘ATL Tinkerpreneur Bootcamp’
Source: PIB What is the News? Atal Innovation Mission (AIM), NITI Aayog has successfully completed two month long and a first of its kind, digital skills and an exclusive entrepreneurship ATL Tinkerpreneur summer boot camp held across the country. About ATL Tinkerpreneur: ‘Tinkerpreneur’ is the name derived from the phrase ‘enabling students to tinker from… Continue reading Atal Innovation Mission successfully completes ‘ATL Tinkerpreneur Bootcamp’
Distressed banks: Deposit insurance payout within 90 days gets approval
Source: Indian Express Contents1 What is the News?2 What are the amendments approved? 3 Increase in Insurance Premium:4 Coverage of DICGC: What is the News? The Union Cabinet has approved amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961. What are the amendments approved? Faster Process: The depositors will be provided funds up… Continue reading Distressed banks: Deposit insurance payout within 90 days gets approval
Centre launches Secured Logistics Document Exchange and Calculator for GreenHouse Gas Emissions Initiatives
Source: PIB What is the News? Government of India has launched the Secured Logistics Document Exchange Initiative along with a Calculator for GreenHouse Gas Emissions Initiative. About Secured Logistics Document Exchange(SLDE) Initiative: SLDE platform is a solution that aims to replace the present manual process of generation, exchange and compliance of logistics documents with a… Continue reading Centre launches Secured Logistics Document Exchange and Calculator for GreenHouse Gas Emissions Initiatives
International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021
Source: PIB What is the News? International Financial Services Centres Authority (IFSCA) has released the proposed IFSCA (Capital Market Intermediaries) Regulations, 2021. The regulations provide for regulatory requirements in respect of registration, obligations and responsibilities of various types of capital market intermediaries. About IFSCA: International Financial Services Centres Authority (IFSCA) was established in 2020 under… Continue reading International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021
NITI Aayog and IEA launch ‘Renewables Integration in India 2021’
Source: PIB What is the News? The International Energy Agency(IEA) in association with NITI Aayog has released a report titled “Renewables Integration in India 2021”. Contents1 About Renewables Integration in India 2021 Report:2 Renewable Energy Penetration in India:3 Future Prospects of Renewable Energy:4 What the Indian States should do? About Renewables Integration in India 2021… Continue reading NITI Aayog and IEA launch ‘Renewables Integration in India 2021’
