What is the News? Recently, the Reserve Bank of India(RBI) announced the setting up of a new Regulations Review Authority(RRA 2.0). About Regulations Review Authority(RRA): The RBI earlier set up the first RRA for a period of one year from April 1, 1999. This is for reviewing the regulations, circulars, reporting systems, based on the… Continue reading RBI sets up “Regulations Review Authority 2.0”
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.
DGFT launches “Trade Facilitation Mobile App” to promote exports
What is the News? Union Minister of Commerce and Industry has launched the Directorate General of Foreign Trade’s(DGFT) Trade Facilitation Mobile Application. About Trade Facilitation Mobile Application: Tata Consultancy Services(TCS) developed the Trade Facilitation Mobile Application. It is as per the directions of the Directorate General of Foreign Trade (DGFT). Aim: The aim is to promote… Continue reading DGFT launches “Trade Facilitation Mobile App” to promote exports
India will move towards mandatory “gold hallmarking”
Contents1 What is the News?2 What is Gold hallmarking?3 Key Features of Gold Hallmarking:4 Benefits of Gold Hallmarking: What is the News? The government said that it is fully prepared to implement the mandatory hallmarking of gold jewellery and artefacts from June 1, 2021. What is Gold hallmarking? Gold hallmarking is a purity certification of… Continue reading India will move towards mandatory “gold hallmarking”
What is a “Currency Chest”?
What is the News? A Private Security Guard in Chandigarh has stolen Rs 4 crore from a Currency Chest of Axis Bank. What is a Currency Chest? Firstly, A currency chest is a place where the Reserve Bank of India (RBI) stocks the money meant for banks and ATMs. Secondly, Administered by: The RBI administers… Continue reading What is a “Currency Chest”?
Niti Aayog launches Version 2.0 of “India Energy Dashboards”
Contents1 What is the News?2 About India Energy Dashboards:3 Key Features of the India Energy Dashboards(IED):4 About PRAAPTI Portal:5 About Vidyut PRAVAH: What is the News? Niti Aayog launches the India Energy Dashboards Version 2.0. Version 1.0 of the Dashboard was launched in May 2017. About India Energy Dashboards: India Energy Dashboards(IED) aims to provide… Continue reading Niti Aayog launches Version 2.0 of “India Energy Dashboards”
What is “global minimum corporate income tax”?
What is the News? The US Treasury Secretary has urged the world’s 20 advanced nations to move in the direction of adopting a Global minimum corporate income tax. Contents1 What is the Global minimum corporate income tax?2 Why this Global Minimum Corporate Tax Rate move?3 What is the US proposal?4 India’s Stand on Global Minimum… Continue reading What is “global minimum corporate income tax”?
IBC Amendment Ordinance 2021 Allows “Pre-Pack Insolvency Resolution”
What is the news? The President of India promulgates the IBC Amendment Ordinance 2021. It allows the use of Pre-Pack insolvency resolution. About Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021: IBC Amendment Ordinance 2021 amends the Insolvency and Bankruptcy Code, 2016. The Amendment allows the use of Pre-Packaged insolvency resolution as an alternative resolution mechanism… Continue reading IBC Amendment Ordinance 2021 Allows “Pre-Pack Insolvency Resolution”
New RBI Developmental and Regulatory Policies
What is the News? Recently RBI released a Statement on Developmental and Regulatory Policies. Under the new RBI policy, the RBI extended fresh support of ₹50,000 crores to the All India Financial Institutions for new lending in FY22. This will help to mitigate the impact of the pandemic and aid economic revival. RBI policy on… Continue reading New RBI Developmental and Regulatory Policies
Government Releases Data on “FDI Inflows in India 2020-21”
What is the News? The Government releases data regarding the Foreign Direct Investment – FDI inflows in India from April to January 2021. FDI inflows in India from April 2020 to January 2021: India attracted a total FDI inflow of US$ 72.12 billion from April to January 2021. Significance: It is the highest ever for… Continue reading Government Releases Data on “FDI Inflows in India 2020-21”
Railways Completes Arch Closure of “Chenab bridge”
What is the News? The Indian Railways completes the Arch closure of the iconic Chenab Bridge. About Chenab Bridge: Chenab Bridge is an Indian railway steel and concrete arch bridge. It is under the construction between Bakkal and Kauri in the Reasi district of Jammu and Kashmir. Length: The bridge is being constructed over the… Continue reading Railways Completes Arch Closure of “Chenab bridge”
