Contents1 What is the News?2 What are the key findings from the data?3 Merchandise Imports:4 Way Forward: What is the News? The Ministry of Commerce and Industry has released the preliminary data on the Merchandise exports in May 2021. What are the key findings from the data? Merchandise Exports: India’s merchandise exports are estimated at… Continue reading “Merchandise Exports” in May surge 67% to $32.21 billion
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.
Govt launches the first phase of “MCA21 version 3.0” online portal
Contents1 2 What is the News?3 About MCA21:4 About MCA21 version 3.0:5 Significance: What is the News? The government of India has launched the first phase of the MCA21 version 3.0 to its digital corporate compliance portal. About MCA21: Firstly, MCA21 is the online portal of the Ministry of Corporate Affairs(MCA). It was initially launched… Continue reading Govt launches the first phase of “MCA21 version 3.0” online portal
National Mission on Use of Biomass in Thermal Power plants
Contents1 2 What is the News?3 About National Mission on the use of Biomass in thermal power plants:4 About Biomass:5 Biomass as an Energy Source in India: What is the News? The Ministry of Power has decided to set up a National Mission on the use of Biomass in thermal power plants. About National Mission… Continue reading National Mission on Use of Biomass in Thermal Power plants
FDI Inflow in 2020-21 in India
Contents1 2 What is the News?3 Key Highlights from the Data:4 About Foreign Direct Investment(FDI): What is the News? The Ministry of Commerce released the data on the FDI (Foreign Direct Investment Inflow) in India for the Financial Year 2020-21. Key Highlights from the Data: Firstly, India has received an FDI of $81.72 billion during… Continue reading FDI Inflow in 2020-21 in India
SC Ruling on Personal Guarantor’s Liability for Corporate Debt
Contents1 What is the News?2 Who is a personal guarantor?3 What is the issue?4 What has the Supreme Court said? What is the News? The Supreme Court has upheld the government’s move to allow lenders to initiate insolvency proceedings against personal guarantors. Who is a personal guarantor? To showcase their intent to repay the bank… Continue reading SC Ruling on Personal Guarantor’s Liability for Corporate Debt
Government Notifies Rules for 74% FDI in Insurance Sector
What is the News? The Finance Ministry notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021. These rules will apply to all insurers irrespective of the stake held by the foreign partner. These rules will give an effect to increased FDI limit in the Insurance Sector to 74% from 49%. Key Provisions of the Rules:… Continue reading Government Notifies Rules for 74% FDI in Insurance Sector
RBI to transfer Surplus Profit to Central Government
Contents1 2 What is the News? 3 RBI’s Transfer of Surplus to Government: 4 RBI transfer to Government for 2020-21: What is the News? The RBI (Reserve Bank of India) Central Board has approved the transfer of Rs. 99,122 crore as surplus to the central government. RBI’s Transfer of Surplus to Government: The Reserve Bank of India(RBI)… Continue reading RBI to transfer Surplus Profit to Central Government
“SWAMIH Fund” Completes First Residential Project
Contents1 What is the News?2 About SWAMIH Fund:3 What is an Alternative Investment Fund(AIF)?4 Categories of AIF:5 Category II:6 Category III: What is the News? The government of India’s SWAMIH (Special Window for Affordable & Mid-Income Housing) Fund has completed its first residential project in Mumbai. About SWAMIH Fund: Firstly, SWAMIH Fund is a government-backed… Continue reading “SWAMIH Fund” Completes First Residential Project
Finance Ministry grants “infrastructure status for convention centres”
Contents1 2 What is the News?3 What is Infrastructure Status?4 Why this move? What is the News? The Finance Ministry has granted infrastructure status for exhibition and convention centres. The expectation from this move is to ease bank financing for such projects. What is Infrastructure Status? The Department of Economic Affairs(DAE), Ministry of Finance will… Continue reading Finance Ministry grants “infrastructure status for convention centres”
Unemployment Rate in India Shoots up to 8% in April: CMIE
Contents1 2 What is the News?3 Key Findings of the Report:4 About CMIE: What is the News? Centre for Monitoring Indian Economy(CMIE) report on unemployment in India has been released. As per the report Unemployment Rate in India is increasing. Key Findings of the Report: Increase in Unemployment rate: The Unemployment rate in India has increased… Continue reading Unemployment Rate in India Shoots up to 8% in April: CMIE
