Category: Factly – Indian Economy

Contents1 What is the News?2 What is the current GST Tax rate structure?3 What is the problem with this GST Tax rate structure?4 What has the NIPFP suggested in its study? What is the News? National Institute of Public Finance and Policy (NIPFP), an autonomous think tank backed by the Finance Ministry, has released a… Continue reading Bring in three-rate GST structure, says study by Finance Ministry-backed think-tank

What is the News? India has announced that it will release five million barrels of crude oil from its strategic petroleum reserves in consultation with other big global oil consumers such as the US, China, Japan, and the Republic of Korea. Click Here to read the reasons and impact of strategic oil release How  does… Continue reading What  strategic  oil release  means  for Indian  consumers

What is the news? NITI Aayog has released a Discussion Paper titled “Digital Banks:A Proposal for Licensing & Regulatory Regime for India”. About the Discussion paper The Discussion Paper makes a case, and offers a template and roadmap, for a Digital Bank licensing and regulatory regime for India. The paper has been prepared by NITI… Continue reading NITI Aayog Releases Discussion Paper on Digital Banks Seeking Comments

What is the News? Indian Railways has announced the introduction of theme-based, tourist circuit trains named ‘Bharat Gaurav’ Trains. What is the aim of Bharat Gaurav Trains? Aim: To showcase India’s rich cultural heritage and magnificent historical places to the people of India and the world. What are the key features of this initiative? Indian… Continue reading Railway Minister announces introduction of ‘Bharat Gaurav Trains’

Contents1 What is the News?2 Why is India releasing 5 million barrels of crude oil from its strategic petroleum reserves?3 How will this release impact India’s crude import plans?4 India’s Strategic Petroleum reserves5 India’s Dependence on Oil What is the News? India will be releasing 5 million barrels of crude oil from its strategic petroleum… Continue reading India to release 5 mn barrels of crude from reserves in bid to cool prices

What is the News? The Union Minister for Labour and Employment has flagged off the first-ever All India Survey on Domestic workers. What is the All-India Survey on Domestic Workers(DW)? Conducted by: Labour Bureau, Ministry of Labour and Employment Aim: To estimate the proportion of domestic workers at the national level and in the States;… Continue reading Union Minister flags off first ever All India Survey on Domestic Workers

What is the news? The Indian Prime Minister will inaugurate the “InFinity Forum”, a 2-day thought leadership Forum on FinTech on 3rd December 2021. For the forum, a dedicated Website and Agenda for the InFinity Forum was launched recently. About the InFinity Forum InFinity Forum is IFSCA’s flagship financial technology and global thought leadership event.… Continue reading Hon’ble Prime Minister Shri Narendra Modi to inaugurate IFSCA’s InFinity Forum on 3rd December 2021

What is the News? Cairn Oil & Gas has announced that it is partnering with US-based Halliburton to start shale exploration in the Lower Barmer Hill formation, Western Rajasthan.  What is Shale Oil? ​​Shale oil is an unconventional oil produced from oil shale rock fragments. How does Shale Oil differ from conventional crude oil? The… Continue reading ‘Tight oil’: What is shale and its potential in India