Source: This post is based on the article “Adopting crypto assets as currency is a risky bet: IMF” published in Livemint on 31st August 2021. What is the news? The International Monetary Fund (IMF) has warned that adoption of crypto assets such as Bitcoin as national currency can impact a country’s macroeconomic stability. The warning came ahead… Continue reading Adopting crypto assets as currency is a risky bet: IMF
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 introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
Source: This post is based on the article “Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles” published in PIB on 28th August 2021. What is the News? The Ministry of Road Transport and Highways has introduced a new registration mark for new vehicles called the Bharat… Continue reading Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
NITI Aayog caught in e-com cross hairs
Source: Business Standard Contents1 What is the news?2 Background3 What did NITI Aayog say?4 What is the fallback liability clause?5 Why is CAIT criticizing NITI Aayog? What is the news? Confederation of All India Traders (CAIT) has criticized NITI Aayog on its opposition to some of the e-commerce policy rules. In June, the consumer affairs… Continue reading NITI Aayog caught in e-com cross hairs
Duopoly in telcom will hurt both consumers and govt
Source: Business Standard What is the news? The government is reportedly looking at a relief package for the stressed telecom sector while also exploring ways to allow operators to pay their dues linked to adjusted gross revenue (AGR) over 20 years rather than 10 years currently. Must Read: Two is too few – Issues with telecom sector Preventing a… Continue reading Duopoly in telcom will hurt both consumers and govt
Loan Mela Mindset (On lending by PSBs)
Source: Business Standard Contents1 What is the news?2 Rationale3 Why credit offtake is weak in India?4 Way forward What is the news? Union Finance Minister recently asked public sector banks (PSBs) to give credit through outreach programmes in every district of the county and referred to the 2019 “loan melas” undertaken by banks across 400… Continue reading Loan Mela Mindset (On lending by PSBs)
Government of India launches the e-Shram Portal
Source: PIB What is the News? The Minister for Labour and Employment has formally launched the e-Shram portal. About e-Shram portal: e-Shram portal has been developed for creating a National Database of the Unorganized Workers(NDUW). Key Objective: To implement social security schemes for the unorganized workers. Key Features of the Portal: There are no income… Continue reading Government of India launches the e-Shram Portal
Government prepares plan to hive off surplus land of PSUs (On NMP project)
Source: The Hindu, TOI Contents1 What is the news?2 Background3 Why a specialized entity?4 Mandate of the specialized entity What is the news? After unveiling the Rs 6-lakh-crore asset monetization program, the government has accelerated efforts to separate surplus land. The government will soon seek Cabinet approval for setting up a specialized entity (special purpose… Continue reading Government prepares plan to hive off surplus land of PSUs (On NMP project)
Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0
Source: PIB What is the News? The Union Minister of Finance and Corporate Affairs has unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22. About EASE: Enhanced Access and Service Excellence(EASE) is a common reform agenda for Public Sector Banks (PSBs). It is aimed at institutionalizing clean lending,… Continue reading Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0
e-Shram portal: A database for unorganised sector workers
Source: Indian Express What is the News? The Minister for Labour and Employment will launch an e-Shram portal. About e-Shram portal: The e-Shram portal is a database of unorganised sector workers. The portal aims to register 38 crore unorganised workers, such as construction labourers, migrant workforce, street vendors and domestic workers among others. After registration,… Continue reading e-Shram portal: A database for unorganised sector workers
India pips US to rank second in list of most attractive manufacturing hub globally; China first
Source: Indian Express Contents1 What is the News?2 About Global Manufacturing Risk Index:3 Key Findings of the Index:4 Reasons for India’s improvement in ranking: What is the News? The Global Manufacturing Risk Index 2021 has been released. About Global Manufacturing Risk Index: Released by: US-based property consultant Cushman & Wakefield Purpose: To assess and rank… Continue reading India pips US to rank second in list of most attractive manufacturing hub globally; China first
