Source: PIB What is the News? CSIR-Central Mechanical Engineering Research Institute(CMERI) has launched a ‘Collaborative Model with the Markets’ for establishing Industry-Academia Linkage. Background: India aspires to be a ‘Global Manufacturing Powerhouse’ of the Future. It also aims to be a ‘Zero-Defect’ Manufacturing Economy where there is a minimum tolerance for deviation from precision parameters. … Continue reading CSIR-CMERI ‘Collaborative Model with the Market’ for establishing Industry-Academia Linkage
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.
E-tailers can’t store your card data, says RBI
Source: TOI What is the News? Reserve Bank of India is all set to implement its revised set of guidelines on the card data storage policy from January 2022. RBI’s Guidelines on Card Data Storage Policy: As per the guidelines, Payment Aggregators(PAs), Payment Gateways and online merchants shall not store card credentials of customers in… Continue reading E-tailers can’t store your card data, says RBI
FM launches Ubharte Sitaare Fund
Source: The Hindu Contents1 What is the News?2 About ‘Ubharte Sitaare’ Alternative Investment Fund:3 Objectives of the Fund:4 Key Features of the Fund: What is the News? The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund. About ‘Ubharte Sitaare’ Alternative Investment Fund: Aim: To provide debt and equity funding to export-oriented MSMEs as… Continue reading FM launches Ubharte Sitaare Fund
RBI panel suggests umbrella body for helping smaller UCBs scale up
Source: Business Standard and Livemint Contents1 What is the News?2 About the Expert Committee on UCBs:3 Key Recommendations of the Committee:4 Umbrella Organisation: 5 Compulsory Amalgamation:6 Supervisory Action Framework(SAF):7 Use of Cloud Services: What is the News? The Reserve Bank of India(RBI) has released the report of the Expert Committee on Primary Urban Co-operative Banks(UCBs). About… Continue reading RBI panel suggests umbrella body for helping smaller UCBs scale up
Finance Minister launches the National Monetisation Pipeline
Source: The Hindu, Indian Express, Livemint and PIB What is the News? The Union Minister for Finance has launched the National Monetisation Pipeline. About National Monetisation Pipeline: Prepared by: It was prepared by NITI Aayog in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22. Note: Asset monetisation… Continue reading Finance Minister launches the National Monetisation Pipeline
Lower costs, ink FTAs to push exports: CEO panel
Source: TOI What is the news? The Steering Committee for Advancing Local Value-Add and Exports (SCALE committee), comprising top Indian CEOs, has argued that India’s proposed free trade agreements (FTAs) could help push exports of auto components and textiles. Must Read: Free Trade Agreements (FTAs): Challenges & opportunities – Explained, pointwise Key suggestions The panel… Continue reading Lower costs, ink FTAs to push exports: CEO panel
Government Constitutes a Committee for doubling the production and quadrupling the exports of handlooms in a span of 3 years
Source: PIB Contents1 What is the News?2 About the Committee for the Handloom Sector:3 Terms of Reference of the Committee:4 About National Handloom Day: What is the News? The Government of India has constituted a committee on the occasion of National Handloom Day for doubling the production and quadrupling the exports of handlooms in a… Continue reading Government Constitutes a Committee for doubling the production and quadrupling the exports of handlooms in a span of 3 years
RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0
Source: The Hindu Contents1 What is the News?2 About G-Sec Acquisition Programme(G-SAP):3 Aim of G-SAP:4 Benefits of G-SAP:5 Concerns: What is the News? Reserve Bank of India(RBI) has announced that it will conduct an open market purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme (G-SAP 2.0). About G-Sec Acquisition Programme(G-SAP):… Continue reading RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0
Government proposes amendment to Electricity (Late Payment Surcharge) Rules
Source: PIB Contents1 What is the News?2 Purpose of the Amendment:3 Key Provisions of the rules:4 Payment Bill:5 Time Tagged: What is the News? The Ministry of Power has released the draft Electricity (Late Payment Surcharge) Amendment Rules, 2021. Purpose of the Amendment: The Rules seek to amend the norms for facilitating electricity generators to… Continue reading Government proposes amendment to Electricity (Late Payment Surcharge) Rules
Why RBI disagrees with market perception on policy normalization?
Source: Business Standard What is the news? RBI’s decision to conduct variable reverse repo (VRRR) auctions should not be considered as a reversal of the accommodative policy stance. Background Recently, RBI while announcing the review of the monetary policy, said the central bank has decided to conduct fortnightly VRRR auctions. However, RBI Governor categorically stated that… Continue reading Why RBI disagrees with market perception on policy normalization?
