What is the News? Standard & Poor’s Global Credit Ratings has organized a webinar titled “What A Drawn Out Second Covid Wave Means For India”. During that, the S&P clarified that the pandemic won’t impact the ‘BBB-‘ rating of India for 2 years. What are the key outcomes of the webinar? An increase in coronavirus… Continue reading The pandemic won’t impact India’s “credit rating” for 2 years – Standard & Poor(S&P)
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.
RBI’s Economic Measures to Tackle 2nd Wave of Covid-19
What is the News? The Reserve Bank of India(RBI) has announced measures to help India to tackle the unprecedented Covid-19 crisis during the second wave. Contents1 Measures announced by the RBI:2 Liquidity Support for Small Finance Banks(SFBs):3 Wider ‘Priority Sector’ Benefits for SFBs:4 Resolution framework 2.0 for individuals, small businesses and MSMEs:5 Credit to MSME… Continue reading RBI’s Economic Measures to Tackle 2nd Wave of Covid-19
SEBI technical group submits report on “Social Stock Exchanges(SSE)”
Contents1 2 What is the News?3 About Social Stock Exchange(SSE):4 Key Recommendations on Social Stock Exchanges: What is the News? A technical group on Social Stock Exchanges (SSEs), constituted by the Securities and Exchange Board of India (SEBI) has submitted its report. About Social Stock Exchange(SSE): Social Stock Exchange(SSE) is a platform that allows investors… Continue reading SEBI technical group submits report on “Social Stock Exchanges(SSE)”
India’s Oil Imports From OPEC Down To 20-Year Low
Contents1 2 What is the News?3 India’s Oil Imports:4 Organisation of the Petroleum Exporting Countries(OPEC): What is the News? The share of India’s oil imports from OPEC countries dropped to its lowest in at least 20 years in the fiscal year ending March 2021. India’s Oil Imports: India’s overall oil imports fell by nearly 12%… Continue reading India’s Oil Imports From OPEC Down To 20-Year Low
New SEBI circular for “fund manager compensation”
Contents1 2 What is the News?3 About the Circular:4 Why this move? What is the News? Securities and Exchange Board of India(SEBI) has issued a new circular on regulating fund manager and key personnel compensation. About the Circular: The circular says that a minimum of 20% of the salary of mutual fund managers and other… Continue reading New SEBI circular for “fund manager compensation”
RBI Joins “Network for Greening the Financial System”
What is the News? Reserve Bank of India(RBI) has joined the Network for Greening the Financial System (NGFS) as a Member. About Network for Greening the Financial System(NGFS): Firstly, NGFS was launched at the Paris One Planet Summit in December 2017. Secondly, it is a group of Central banks and financial supervisors. The NGFS aims… Continue reading RBI Joins “Network for Greening the Financial System”
“RoDTEP Scheme” -Delay in Notification of Rebate Rates
What is the News? Exporters are upset over the inordinate delay in the notification of the rates under the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. About Remission of Duties and Taxes on Exported Products(RoDTEP) Scheme: Ministry of Commerce and Industry announced the RoDTEP scheme in the year 2020. It came into effect… Continue reading “RoDTEP Scheme” -Delay in Notification of Rebate Rates
“Asset Reconstruction Companies” – Sudarshan Sen Committee Set-up
Contents1 What is the News?1.1 About Asset Reconstruction Company (ARC):2 Capital Requirements for an ARC:2.1 What are sources of funds for ARCs?2.2 How are ARCs different from the IBC? What is the News? The Reserve Bank of India(RBI) has set up the Sudarshan Sen committee to review the working of Asset Reconstruction Companies (ARCs) Comprehensively. It… Continue reading “Asset Reconstruction Companies” – Sudarshan Sen Committee Set-up
“National Startup Advisory Council” – First Meeting Held
What is the News? The Minister of Commerce & Industry chaired the first meeting of the National Startup Advisory Council(NSAC). About the National Startup Advisory Council(NSAC): National Startup Advisory Council(NSAC) was constituted by the Department for Promotion of Industry and Internal Trade(DPIIT). Purpose: To advise the Government on measures required to build a strong ecosystem for… Continue reading “National Startup Advisory Council” – First Meeting Held
India on US’s “Currency Watch list”
What is the News? The US treasury places India along with 10 other countries on its currency watch list. What is Currency Manipulator: Current Manipulators are countries engaging in “unfair currency practices” by deliberately devaluing their currency against the dollar. The practice would mean that the country in question is artificially lowering the value of… Continue reading India on US’s “Currency Watch list”
