Why Rupee fluctuates vis-a-vis other currencies? Reason for fluctuation in rupee: India’s foreign exchange reserves. For example, an increase in forex reserves is an indication that India is getting in more dollars than India’s spending. This will push India’s current and capital accounts into surplus zone and impact the exchange rates. Daily fluctuations caused by foreign portfolio investment (FPI) flows. External factor of the dollar,… Continue reading A crystal ball gaze at where the Indian rupee could be headed
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.
Excise duty helps fill Centre’s fiscal gap
What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap
MCA expands small firm definition, raises turnover and borrowing limits
What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits
India should lower entry barriers for companies wishing to float IPOs. SEBI should be more like SEC
Synopsis: SEBI needs to usher in reforms to make Indian public equity markets more attractive to investors and companies willing to issue IPOs (Initial Public Offer). What is an IPO? Whenever a company issues its shares first time to the public, it is known as Initial Public Offer (IPO). Issuing shares is a method of raising capital. Eligibility criteria… Continue reading India should lower entry barriers for companies wishing to float IPOs. SEBI should be more like SEC
“Gold hallmarking” Becomes Mandatory
What is the News? The government has announced the phased implementation of mandatory Gold Hallmarking of Jewelry, with effect from June 16, 2021. Contents1 What is gold Hallmarking?2 Which metals are covered under the scheme?3 What was the need of making Gold Hallmarking mandatory?4 Phase wise implementation: What is gold Hallmarking? The Bureau of Indian Standard… Continue reading “Gold hallmarking” Becomes Mandatory
What is Kerala’s “SilverLine project”?
What is the News? Kerala cabinet has given the approval to begin acquiring land for the SilverLine Project. About SilverLine Project: SilverLine Project is Kerala’s semi high-speed railway project that aims to reduce travel time between Kerala’s northern and southern ends. Distance: The railway line will be around 529 kms long, covering 11 districts through 11… Continue reading What is Kerala’s “SilverLine project”?
NITI Aayog releases “Fast Tracking Freight in India” Report
What is the News? NITI Aayog and Rocky Mountain Institute(RMI) has released a report titled “Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport”. Contents1 Objectives of the Fast Tracking Freight in India Report:2 India’s Logistics Sector:3 Measures need to accommodate more urban citizens:4 Other measures recommended by the Fast Tracking… Continue reading NITI Aayog releases “Fast Tracking Freight in India” Report
World Bank’s “Global Economic Prospects Report” predicts India’s growth as 8.3%
Contents1 What is the News?2 About the Global Economic Prospects Report:3 Key Findings of Global Economic Prospects Report related to India:4 Key Global Findings of Global Economic Prospects Report: What is the News? The World Bank has released the Global Economic Prospects Report. About the Global Economic Prospects Report: Global Economic Prospects is a World… Continue reading World Bank’s “Global Economic Prospects Report” predicts India’s growth as 8.3%
“One Nation One Standard Mission” and “Research Designs & Standards Organization”
What is the News? Indian Railways Research Design & Standards Organization(RDSO) has become the nation’s first institution to be declared as Standard Developing Organization(SDO) under the “One Nation One Standard” mission. Contents1 About One Nation One Standard Mission:2 Objectives of the One Nation One Standard Mission:3 SDO Certification:4 About Research Designs & Standards Organization(RDSO)5 Benefits… Continue reading “One Nation One Standard Mission” and “Research Designs & Standards Organization”
“State of Environment Report” says “Farmer protests” increased fivefold since 2017
Contents1 2 What is the news?3 Report on Farmers Protests:4 Other key Findings of State of Environment Report:5 Suggestions from State of Environment Report: What is the news? The Centre for Science and Environment (CSE) has released the State of Environment Report, 2021 in February recently. This article focuses upon the data related to farmer… Continue reading “State of Environment Report” says “Farmer protests” increased fivefold since 2017
