Contents1 What is the News?2 Who is a personal guarantor?3 What is the issue?4 What has the Supreme Court said? What is the News? The Supreme Court has upheld the government’s move to allow lenders to initiate insolvency proceedings against personal guarantors. Who is a personal guarantor? To showcase their intent to repay the bank… Continue reading SC Ruling on Personal Guarantor’s Liability for Corporate Debt
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.
Government Notifies Rules for 74% FDI in Insurance Sector
What is the News? The Finance Ministry notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021. These rules will apply to all insurers irrespective of the stake held by the foreign partner. These rules will give an effect to increased FDI limit in the Insurance Sector to 74% from 49%. Key Provisions of the Rules:… Continue reading Government Notifies Rules for 74% FDI in Insurance Sector
RBI to transfer Surplus Profit to Central Government
Contents1 2 What is the News? 3 RBI’s Transfer of Surplus to Government: 4 RBI transfer to Government for 2020-21: What is the News? The RBI (Reserve Bank of India) Central Board has approved the transfer of Rs. 99,122 crore as surplus to the central government. RBI’s Transfer of Surplus to Government: The Reserve Bank of India(RBI)… Continue reading RBI to transfer Surplus Profit to Central Government
“SWAMIH Fund” Completes First Residential Project
Contents1 What is the News?2 About SWAMIH Fund:3 What is an Alternative Investment Fund(AIF)?4 Categories of AIF:5 Category II:6 Category III: What is the News? The government of India’s SWAMIH (Special Window for Affordable & Mid-Income Housing) Fund has completed its first residential project in Mumbai. About SWAMIH Fund: Firstly, SWAMIH Fund is a government-backed… Continue reading “SWAMIH Fund” Completes First Residential Project
Finance Ministry grants “infrastructure status for convention centres”
Contents1 2 What is the News?3 What is Infrastructure Status?4 Why this move? What is the News? The Finance Ministry has granted infrastructure status for exhibition and convention centres. The expectation from this move is to ease bank financing for such projects. What is Infrastructure Status? The Department of Economic Affairs(DAE), Ministry of Finance will… Continue reading Finance Ministry grants “infrastructure status for convention centres”
Unemployment Rate in India Shoots up to 8% in April: CMIE
Contents1 2 What is the News?3 Key Findings of the Report:4 About CMIE: What is the News? Centre for Monitoring Indian Economy(CMIE) report on unemployment in India has been released. As per the report Unemployment Rate in India is increasing. Key Findings of the Report: Increase in Unemployment rate: The Unemployment rate in India has increased… Continue reading Unemployment Rate in India Shoots up to 8% in April: CMIE
World Bank’s “Migration and Development Brief”: India is the top receiver of remittances
What is the News? The World Bank has released a report titled “Migration and Development Brief, 2020”. Contents1 Key Findings of the Migration and Development Brief:2 Other Key Findings:3 About Migration and Development Brief Report:4 About Remittances: Key Findings of the Migration and Development Brief: Findings Related to India: Firstly, India has received the highest… Continue reading World Bank’s “Migration and Development Brief”: India is the top receiver of remittances
NITI Aayog’s Report on Creating a “Roadmap for Digitally Inclusive Bharat”
Contents1 2 What is the News?3 Key Findings of the Roadmap for a Digitally Inclusive Bharat:4 Inspiring Trust and Security in Digital Commerce5 Preparing India’s Agri Enterprises for Connected Commerce6 Digital Financial Inclusion:7 Robust Transit Systems for Smart Cities What is the News? NITI Aayog and Mastercard have released a report titled ‘Connected Commerce: Creating… Continue reading NITI Aayog’s Report on Creating a “Roadmap for Digitally Inclusive Bharat”
SEBI’s “Business Responsibility and Sustainability Report” norms mandate ESG overview
Contents1 2 What is the News?3 About Business Responsibility and Sustainability Report(BRSR):4 What Are Environmental, Social, and Governance(ESG) Criteria? What is the News? Securities and Exchange Board of India(SEBI) has issued a circular notifying new disclosure norms on sustainability-related reporting for the top 1,000 listed companies. The new reporting will be called the Business Responsibility… Continue reading SEBI’s “Business Responsibility and Sustainability Report” norms mandate ESG overview
IREDA bags “Green Urja Award”
Contents1 2 What is the News?3 About Green Urja Award:4 About IREDA: What is the News? Indian Renewable Energy Development Agency(IREDA) has been conferred with “Green Urja Award”. About Green Urja Award: The Indian Chamber of Commerce(ICC) has launched the Green Urja Award . ICC was founded in 1925. It is a premier body of… Continue reading IREDA bags “Green Urja Award”
