Why in News? The Finance Minister proposed a plan to revive discoms. It will include a reform-based and result-linked scheme for electricity distribution companies(discoms). The Minister also announced a framework to provide electricity consumers, an option to choose from among more than one distribution company. This will end the monopoly of discoms and promote competition… Continue reading “Reform-based and result-linked scheme” to revive discoms
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.
Government launches “Portal to collect data on gig workers”
What is the News? The Finance Minister has announced the launch of a portal to collect data on gig, building, and construction workers. About the Portal: The portal aims to collect relevant information on gig and platform workers along with building, construction and other such workers. The information collected will help in formulating health, housing,… Continue reading Government launches “Portal to collect data on gig workers”
Government announced “Single Security Market Code”
What is the news? Government has announced the setting up of a Single Security Market Code. Coverage: It will consolidate the provisions of SEBI Act,1992, Depositories Act, 1996, Securities Contracts (Regulation) Act,1956, and Government Securities Act,2007. Impact: This move will improve the ease of doing business in the country’s financial markets. Moreover, it will cut… Continue reading Government announced “Single Security Market Code”
What are the benefits of “Seaweed Farming”?
What is the news? In Budget 2021, the Finance Minister has proposed to set up a multi-purpose seaweed park in Tamil Nadu. It will be a part of the Seaweed Farming promotion in India. What is Seaweed? It is the name given to the many species of marine algae and plants. These species grow in… Continue reading What are the benefits of “Seaweed Farming”?
Govt. releases new guidelines for banks under “Foreign Contribution (Regulation) Act”
What is the News? Union Home Ministry has announced new guidelines for banks, under the Foreign Contribution (Regulation) Act. These guidelines are related to the donations received by non-governmental organizations (NGOs) and associations. What are the new FCRA guidelines? The donations received in Indian rupees by the NGOs and associations from any foreign source should… Continue reading Govt. releases new guidelines for banks under “Foreign Contribution (Regulation) Act”
4th edition of “Future Investment Initiative” Forum
Why in News? The Union Minister for Health and Family Welfare has addressed the 4th edition of the Future Investment Initiative(FII) Forum. Facts: Future Investment Initiative(FII): It is an annual investment forum held in Riyadh, Saudi Arabia. The Forum discusses trends in the world economy and investment environment. Hosted by: Public Investment Fund of Saudi… Continue reading 4th edition of “Future Investment Initiative” Forum
What is disinvestment?
Disinvestment It means sale or liquidation of the public assets by the government. These are usually Central and state public sector enterprises, projects or other fixed assets. The government can sell its shares, where it is the majority shareholder (Owns more than 51% of shares). For example, Air India, Bharat Petroleum, Delhi Metro Rail Corporation,… Continue reading What is disinvestment?
What are off-budget borrowings?
Off Budget Borrowings: These are loans that are taken not by the Centre directly and are not calculated under the budget. These loans are taken by PSUs or other public institutions on the directions of the central government. Such borrowings are used to fulfill the expenditure needs of these institutions. Are these borrowings included in… Continue reading What are off-budget borrowings?
Decriminalisation of offences under LLP Act
Why in News? The Company Law Committee has recommended decriminalizing 12 offences under the Limited Liability Partnership(LLP) Act. It has also said that LLPs should be allowed to issue non-convertible debentures(NCDs) to raise funds. It will help them in improving the ease of doing business for LLP firms. Facts: Limited Liability Partnership(LLP): It is an… Continue reading Decriminalisation of offences under LLP Act
4-tier structure for regulation of NBFCs
Why in News? Reserve Bank of India (RBI) has proposed a tighter regulatory framework for non-banking financial companies (NBFCs) by creating a four-tier structure. The intensity of regulations will be greatest at the top layer and lowest at the base layer. Objective: It is to keep the big NBFCs in good financial health. It has… Continue reading 4-tier structure for regulation of NBFCs
