What is the News? The 25th meeting of the Financial Stability and Development Council (FSDC) was held under the Chairpersonship of the Union Finance Minister. The Council noted that the Government and all regulators need to maintain a constant vigil on the financial conditions and functioning of important financial institutions, especially considering that it could… Continue reading 25th Meeting of Financial Stability and Development Council held in Mumbai
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.
Green Financing Critical to Decarbonizing the Indian Transport Sector
What is the News? NITI Aayog and World Resources Institute(WRI), India has conducted a virtual consultation workshop on ‘Financing for Decarbonization of Transport’. What was the purpose of the workshop? Aim: To identify actionable strategies and bring together financing institutions and transport organizations to collectively work towards furthering innovative financing policies for the decarbonization of… Continue reading Green Financing Critical to Decarbonizing the Indian Transport Sector
What does record food production mean for India?
What is the News? Food production in India is estimated to touch a record 316 million tonnes in 2021-22, 8% more than the five-year average. How was the food production in India this year? The production of food grains including rice, wheat, pulses, and coarse cereals is estimated at 316 million tonnes in FY22 which… Continue reading What does record food production mean for India?
Explained: Why are states worried about high capex in Budget 2022?
What is the News? States have raised apprehensions about the rise in capital expenditure proposals outlined in the Union Budget 2022-23. What has the Budget announced on the capital expenditure? The Budget has proposed an increase in the capital expenditure by 24% to Rs 7.5 lakh crore compared with the revised estimate for 2021-22 at… Continue reading Explained: Why are states worried about high capex in Budget 2022?
e-Rupi limit hike to promote offline digital payment push
What is the News? Reserve Bank of India(RBI) has increased the e-Rupi voucher limit to Rs 1 Lakh from Rs 10,000. RBI has also allowed one e-Rupi voucher to be used multiple times until it has been fully redeemed. What is e-Rupi? e-Rupi was launched in August 2021. It is a cashless payment product. e-Rupi… Continue reading e-Rupi limit hike to promote offline digital payment push
Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj
What is the News? According to the Revenue Secretary, there is a need to simplify direct tax laws as various exemptions announced every year have made them complicated. What are the views of the Revenue Secretary on Taxation Structure? On Corporate Taxation Structure: In 2019, the Finance Minister had announced a cut in corporate tax to… Continue reading Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj
Explained: What RBI’s status quo means for stock investors and borrowers
What is the News? The six-member Monetary Policy Committee(MPC) of the Reserve Bank of India (RBI) has kept key policy rates – Repo rate, Reverse repo rate and the Bank rate – unchanged for the 10th time in a row and retained the accommodative policy stance. Why has RBI kept the interest rates unchanged? RBI… Continue reading Explained: What RBI’s status quo means for stock investors and borrowers
HCNG: Hydrogen Fuel for Vehicles
What is the News? The Ministry of Road Transport and Highways has notified the use of Hydrogen as an automotive fuel in the country. It has notified an 18% blend of Hydrogen with CNG. Must Read: About Hydrogen Fuel What is HCNG? HCNG stands for Hydrogen-enriched Compressed Natural Gas. HCNG is produced by blending hydrogen… Continue reading HCNG: Hydrogen Fuel for Vehicles
J&K becomes the first Union Territory to be integrated with National Single Window System
What is the News? Jammu & Kashmir became the first Union Territory to be onboarded the National Single Window System(NSWS). What is the National Single Window System(NSWS)? The National Single Window System(NSWS) was launched in 2021 by the Union Minister for Commerce and Industry. It is a digital platform that serves as a guide for… Continue reading J&K becomes the first Union Territory to be integrated with National Single Window System
Govt expedites FDI from neighboring countries
What is the News? The Government of India is fast-tracking the approval process for Foreign Direct Investment(FDI) from countries that share a land border with India. Background In April 2020, the Government of India had made prior government approval mandatory for foreign direct investments(FDI) from countries that share a land border with India or where… Continue reading Govt expedites FDI from neighboring countries
