What is the news? The President of India promulgates the IBC Amendment Ordinance 2021. It allows the use of Pre-Pack insolvency resolution. About Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021: IBC Amendment Ordinance 2021 amends the Insolvency and Bankruptcy Code, 2016. The Amendment allows the use of Pre-Packaged insolvency resolution as an alternative resolution mechanism… Continue reading IBC Amendment Ordinance 2021 Allows “Pre-Pack Insolvency Resolution”
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.
New RBI Developmental and Regulatory Policies
What is the News? Recently RBI released a Statement on Developmental and Regulatory Policies. Under the new RBI policy, the RBI extended fresh support of ₹50,000 crores to the All India Financial Institutions for new lending in FY22. This will help to mitigate the impact of the pandemic and aid economic revival. RBI policy on… Continue reading New RBI Developmental and Regulatory Policies
Government Releases Data on “FDI Inflows in India 2020-21”
What is the News? The Government releases data regarding the Foreign Direct Investment – FDI inflows in India from April to January 2021. FDI inflows in India from April 2020 to January 2021: India attracted a total FDI inflow of US$ 72.12 billion from April to January 2021. Significance: It is the highest ever for… Continue reading Government Releases Data on “FDI Inflows in India 2020-21”
Railways Completes Arch Closure of “Chenab bridge”
What is the News? The Indian Railways completes the Arch closure of the iconic Chenab Bridge. About Chenab Bridge: Chenab Bridge is an Indian railway steel and concrete arch bridge. It is under the construction between Bakkal and Kauri in the Reasi district of Jammu and Kashmir. Length: The bridge is being constructed over the… Continue reading Railways Completes Arch Closure of “Chenab bridge”
“HSN code” Made Mandatory for Certain Category of GST Taxpayers
What is the News? The Government makes the 6 digit HSN (Harmonized System of Nomenclature) code mandatory for a GST taxpayer having a turnover of more than Rs 5 crore in a financial year. This rule comes into effect from April 1,2021. About HSN Code: The HSN Code is a six-digit identification code. The World… Continue reading “HSN code” Made Mandatory for Certain Category of GST Taxpayers
Center to Retain the “Inflation Targeting” at 4% for MPC
Contents1 What is the news?2 Introduction 3 Inflation Targetting 4 About MPC (Monetary Policy Committee) What is the news? As per the top finance ministry official, the center will retain the Inflation Targeting of 4% for MPC. Introduction The Centre will retain the inflation target of 4%, with a tolerance band of +/- 2 percentage points. This… Continue reading Center to Retain the “Inflation Targeting” at 4% for MPC
NITI Aayog Releases “Investment Opportunities in India’s Healthcare Sector” report
What is the News? NITI Aayog released a report titled, ‘Investment Opportunities in India’s Healthcare Sector’. Purpose of the Investment Opportunities in India’s Healthcare Sector Report: The report outlines the range of investment opportunities in various segments of India’s healthcare sector. This includes hospitals, medical devices and equipment, health insurance, telemedicine, home healthcare, and medical… Continue reading NITI Aayog Releases “Investment Opportunities in India’s Healthcare Sector” report
Global Wind Report 2021
What is the News? The Global Wind Energy Council(GWEC) has released the Global Wind Report,2021. About Global Wind Report: The Global Wind Report highlights the role of wind power on the road to net-zero emissions. Key Findings of the report: Firstly, Wind Energy: The world’s capacity to generate electricity from wind jumped 53% in 2020.… Continue reading Global Wind Report 2021
Union Minister inaugurates Event for “DSIR-PRISM Scheme”
What is the News? The Union Minister for Science & Technology inaugurates the Event for Publicity of the PRISM (Promoting Innovations in Individuals, Startups, and MSMEs) scheme. About PRISM Scheme: Nodal Ministry: PRISM is an initiative of the Department of Scientific and Industrial Research(DSIR), Ministry of Science and Technology. Aim: The aim is to help… Continue reading Union Minister inaugurates Event for “DSIR-PRISM Scheme”
Finance Minister launched “Central Scrutiny Centre” and “IEPFA App”
Contents1 What is the news?2 About Central Scrutiny Centre:3 Investor Education and Protection Fund (IEPF):4 IEPF Authority: What is the news? The Finance Minister has virtually launched the Central Scrutiny Centre(CSC). She also launched the mobile app for the Investor Education and Protection Fund Authority(IEPFA). About Central Scrutiny Centre: Central Scrutiny Centre is an initiative… Continue reading Finance Minister launched “Central Scrutiny Centre” and “IEPFA App”
