Source: Pib What is the news? APEDA and NAFED have signed a memorandum of understanding (MoU) for harnessing the export potential of agricultural and processed food products of cooperatives as well as Farmer Producer Organizations (FPOs). Key points of MoU The key areas of cooperation include facilitating APEDA registered exporters getting assistance under all the… Continue reading Strengthening export linkage of Farmer Cooperatives & FPOs
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.
G-secs: RBI unveils Retail Direct Scheme
Source: The Hindu Contents1 What is the News? 2 About RBI Retail Direct Scheme: 3 What are Government Securities(G-secs)? 4 What are NDS(Negotiated Dealing System)? What is the News? The Reserve Bank of India(RBI) has announced the launch of the RBI Retail Direct scheme. About RBI Retail Direct Scheme: RBI Retail Direct Scheme is a one-stop solution to facilitate investment in… Continue reading G-secs: RBI unveils Retail Direct Scheme
NHAI resumes infrastructure investment trust project with roadshows
Source: Business Standard What is the News? National Highways Authority of India(NHAI) has started re-engagement with investors for its infrastructure investment trust(InvIT) which has been delayed by over a year. What are Infrastructure Investment Trusts(InvITs)? InvITs are instruments that work like mutual funds. They are designed to pool small sums of money from a number… Continue reading NHAI resumes infrastructure investment trust project with roadshows
First commercial shipment of Mishri variety of cherries from Kashmir exported to Dubai
Source: PIB What is the News? The first commercial shipment of Mishri variety of cherries from Kashmir valley has been exported to Dubai from Srinagar. About Mishri Cherries: Mishri varieties of Cherries not only taste delicious but also contain vitamins, minerals, and plant compounds with health benefits. The Union Territory of Jammu and Kashmir produces… Continue reading First commercial shipment of Mishri variety of cherries from Kashmir exported to Dubai
Open-sourcing project govt panel: What’s in store for online retailers
Source: Indian Express What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT) has issued orders for appointing an advisory committee for its Open Network for Digital Commerce(ONDC) project. About Open Network for Digital Commerce(ONDC) project: The ONDC Project is aimed at curbing digital monopolies in the e-commerce sector. This will be… Continue reading Open-sourcing project govt panel: What’s in store for online retailers
What Sebi giving a free hand to directors means
Source: Livemint What is the News? Securities and Exchange Board of India(SEBI) has tightened the rules for appointing and removing independent directors. This move aims at strengthening the corporate governance framework. Click Here to Read New rules for Independent Directors Who is an Independent Director? An independent director is a non-executive director who does not… Continue reading What Sebi giving a free hand to directors means
ONDC: Looking to open source e-comm processes, DPIIT sets up 9-member panel
Source: Indian Express What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry has set up a nine-member advisory council for creating an Open Network for Digital Commerce(ONDC). About Open Network for Digital Commerce(ONDC): ONDC is being designed to curb the monopolistic tendencies of e-commerce platforms. It… Continue reading ONDC: Looking to open source e-comm processes, DPIIT sets up 9-member panel
Govt issues draft norms to regulate direct selling cos
Source: TOI What is the News? The Ministry of Consumer Affairs has issued the Draft for Consumer Protection Rules (Direct Selling) 2021. Key Features of the Draft Consumer Protection Rules (Direct Selling) 2021: Applicability of Rules: These rules will apply to: All goods and services brought or sold through direct selling All direct selling entities… Continue reading Govt issues draft norms to regulate direct selling cos
Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders
Source: The Business Standard and PIB Relevance: MSME sector and its growth are important for the Indian Economy. What is the news? Minister of MSME and Road Transport and Highways announced revised guidelines for MSMEs with the inclusion of Retail and Wholesale trades as MSMEs. The Ministry also confirmed that the revised guidelines will benefit… Continue reading Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders
Govt imposes stock limits on pulses till October
Source: Economic Times, The Hindu What is the news? Centre has imposed stock limits on all pulses except moong held by wholesalers, retailers, importers, and millers till October. The stock limit of 200 tonnes, for any one variety of pulses, has been imposed on wholesalers. An order in this regard has been issued by the… Continue reading Govt imposes stock limits on pulses till October
