What is the News? Reserve Bank of India(RBI) had issued guidelines banning the storage of customer card numbers by online merchants and payment aggregators and introducing the concept of Tokenization. These guidelines were scheduled to come into effect on 1 January but have now been postponed to 1st July 2022. How are the transactions processed… Continue reading Tokenization: Why the RBI has given more time for tokenization
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.
Vernacular Innovation Program (VIP): Atal Innovation Mission, NITI Aayog launches Vernacular Innovation Program (VIP) to Empower Innovators, Entrepreneurs in 22 Mother Tongues
What is the News? Atal Innovation Mission (AIM), NITI Aayog has launched the first of its kind Vernacular Innovation Program(VIP). What is the Vernacular Innovation Program(VIP)? Aim: To enable innovators and entrepreneurs in India to have access to the innovation ecosystem in 22 scheduled languages by the Government of India. Under the programme, AIM will… Continue reading Vernacular Innovation Program (VIP): Atal Innovation Mission, NITI Aayog launches Vernacular Innovation Program (VIP) to Empower Innovators, Entrepreneurs in 22 Mother Tongues
Global Unicorn Index 2021: India adds 33 unicorns in one year, displacing U.K.
What is the News? Hurun Research Institute has released the Global Unicorn Index 2021. The index is a ranking of the world’s start-ups founded in the 2000s, are worth at least a billion dollars and are not listed on a public exchange. Read more: 1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian… Continue reading Global Unicorn Index 2021: India adds 33 unicorns in one year, displacing U.K.
Disinvestment’s tough climate call: The hurdle in govt’s fund-raising path
What is the News? The Prime Minister had a meeting with private equity and venture capital fund managers to get a sense of how they read the government’s disinvestment plans. What are the Government’s Disinvestment plans? The Government of India has released ‘Public Sector Enterprise Policy’ and its guidelines. As part of guidelines, the Department… Continue reading Disinvestment’s tough climate call: The hurdle in govt’s fund-raising path
Agritech Challenge: AIM, NITI Aayog & UNCDF announce first AgriTech cohort under South-South Innovation platform
What is the News? Atal Innovation Mission (AIM), NITI Aayog and the United Nations Capital Development Fund (UNCDF) have launched its first AgriTech Challenge under its ambitious innovative Agri-tech program. Background AIM, NITI Aayog in partnership with UNCDF, Bill & Melinda Gates Foundation and Rabo Foundation had launched a South-South innovation platform in July 2021.… Continue reading Agritech Challenge: AIM, NITI Aayog & UNCDF announce first AgriTech cohort under South-South Innovation platform
As per 1st round of All-India Quarterly Establishment Based Employment Survey (AQEES), employment increased by 29% in nine selected sectors of economy compared to 6th Economic Census (2013-14)
What is the News? The Government has released the results of the first round of the Quarterly Employment Survey for the period April to June 2021. Note: QES is part of the All-India Quarterly Establishment Based Employment Survey (AQEES). What is the All-India Quarterly Establishment Based Employment Survey (AQEES)? Released by: Labour Bureau, Ministry of… Continue reading As per 1st round of All-India Quarterly Establishment Based Employment Survey (AQEES), employment increased by 29% in nine selected sectors of economy compared to 6th Economic Census (2013-14)
Algo trading: Sebi proposals and market concerns
What is the News? Securities and Exchange Board of India(SEBI) has proposed that all orders emanating from the Application Programming Interface(API) of stockbrokers should be treated as algorithmic trading. What is Algo Trading? And Why SEBI wants to regulate them? Read here: On Algorithmic trading/Algos: Regulate, don’t stifle Key Features of Algo Trading First, the… Continue reading Algo trading: Sebi proposals and market concerns
LogiXtics – Unified Logistics Interface Platform’s (ULIP) Hackathon launched by Centre
What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT) has launched the Unified Logistics Interface Platform’s (ULIP) Hackathon named ‘LogiXtics’. What is ULIP Hackathon – LogiXtics? LogiXtics is a hackathon organized under the ULIP. The hackathon will be a competitive event where everyone is invited to showcase their strategic, coding and… Continue reading LogiXtics – Unified Logistics Interface Platform’s (ULIP) Hackathon launched by Centre
RBI brings NBFCs under prompt corrective action framework
What is the News? Reserve Bank of India(RBI) has introduced a Prompt Corrective Action(PCA) framework for large non-banking financial companies(NBFCs). What is the need for this PCA Framework for NBFCs? The PCA Framework for NBFCs has been brought after four big finance firms — IL&FS, DHFL, SREI and Reliance Capital — which collected public funds… Continue reading RBI brings NBFCs under prompt corrective action framework
RBI Report on Digital lending: Good and bad sides of digi lending, in 5 charts
What is the news? According to the Reserve Bank of India (RBI) working group report, over 6% of all loans given by commercial banks in April-December 2020 were digital. This is a significant increase from 1.5% in 2016-17. If regulated well, innovative and cost-efficient models can help digital lending leapfrog traditional lending modes. Read more:… Continue reading RBI Report on Digital lending: Good and bad sides of digi lending, in 5 charts
