Source: Livemint What is the News? According to a study by UNDP and FICCI, the rise of the gig economy has the potential to boost women’s employment in formal jobs. Key Findings of the Study: The rise of the gig economy following the coronavirus outbreak has the potential to boost women’s employment in formal jobs.… Continue reading Gig economy can boost jobs for women
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.
AGR Case: SC dismisses plea for recomputation of dues
Source: Live Mint Contents1 What is the news?2 What is the issue?3 What is AGR?4 How is it calculated, and what’s the contention? What is the news? SC dismisses plea by Bharti Airtel, Vodafone Idea seeking direction for correction of errors in Adjusted Gross Revenue (AGR) calculation. What is the issue? In 2005, the Cellular… Continue reading AGR Case: SC dismisses plea for recomputation of dues
It’s time for digital currency to counter crypto, says RBI
Source: TOI What is the news? The Reserve Bank of India (RBI) has said that it is working towards a phased implementation strategy for its digital currency (i.e. Central Bank Digital Currency). Central banks across the world have drawn up plans to launch their digital currency to battle cryptocurrencies. China has said that its e-CNY… Continue reading It’s time for digital currency to counter crypto, says RBI
Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh
Source: PIB What is the News? The Union Cabinet has approved the establishment of Integrated Multi-purpose Infrastructure Development Corporation for the Union Territory of Ladakh. Background: After the re-organisation of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir(J&K) Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into… Continue reading Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh
India tough place for business: US report
Source: TOI What is the News? The US State Department has released a report titled ‘2021 Investment Climate Statements: India’. Key Findings of the Report: India remains a challenging place to do business despite taking up many reforms and improving its position in the ease of doing business index. This is because: Protectionist Measures: New… Continue reading India tough place for business: US report
India breaks into the top 10 list of agri produce exporters
Source: Livemint Contents1 What is the News?2 Key Findings of the Report:3 Rice Exports:4 Other Agri Exports:5 Concerns: What is the News? The World Trade Organization(WTO) has released a report on the trends in World Agricultural Trade in the past 25 years. Key Findings of the Report: Agricultural Exports: India has entered into the top… Continue reading India breaks into the top 10 list of agri produce exporters
Centre plans big boost for MSMEs with an inter-ministry data bank
Source: Business Standard Contents1 What is the News?2 What is the Government trying to do for MSMEs?3 What was the need for this step?4 Udyam Portal: What is the News? The Central Government is working towards building a robust data bank for Micro, Small and Medium Enterprises(MSMEs) by integrating information across various ministries and government… Continue reading Centre plans big boost for MSMEs with an inter-ministry data bank
Govt may hike OBC creamy layer slab
Source: Livemint What is the news? The Union government is considering raising the creamy layer income threshold for other backward classes (OBCs) beyond the current Rs 800,000 per annum. Introduction The Union government is said to be considering raising the barrier to Rs 1.2 million, bringing more people under the OBC reservation who may have… Continue reading Govt may hike OBC creamy layer slab
India emerges as 5th largest forex reserves holder in the world
Source: PIB What is the News? The Minister of State for Finance has informed Lok Sabha about the state of India’s Forex Reserves. State of India’s Forex Reserves: India’s forex reserves currently stand at $608.99 billion as on June 25, 2021. India has emerged as the fifth largest foreign exchange reserves holder in the world… Continue reading India emerges as 5th largest forex reserves holder in the world
Government sets up Dairy Investment Accelerator to promote and facilitate investments in the Dairy sector
Source: PIB What is the News? The Department of Animal Husbandry and Dairying(DAHD) has set up a Dairy Investment Accelerator under its Investment Facilitation Cell. About Dairy Investment Accelerator: Dairy Investment Accelerator is a cross-functional team constituted to serve as the interface with investors. It shall provide support across the investment cycle by: Offering specific… Continue reading Government sets up Dairy Investment Accelerator to promote and facilitate investments in the Dairy sector
