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?
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.
Pilot Launch of International Bullion Exchange – The Gateway for Bullion Imports
Source: PIB What is the News? International Financial Services Centres Authority(IFSCA) has launched the pilot run for the International Bullion Exchange. What is Bullion? Bullion refers to physical gold and silver of high purity that is often kept in the form of bars or coins. Bullion can sometimes be considered legal tender and is often… Continue reading Pilot Launch of International Bullion Exchange – The Gateway for Bullion Imports
A delayed intervention (On need to exports)
Source: The Hindu What is the news? After delaying by 8 months, the Government has notified the rules and rates under Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. Based on these, exporters can claim rebates on the taxes paid on their exported items. Must read: RoDTEP scheme Current scenario India is looking… Continue reading A delayed intervention (On need to exports)
Reserve Bank launches index to capture financial inclusion
Source: Livemint and Business Standard What is the News? The Reserve Bank of India has released India’s First composite Financial Inclusion Index (FI-Index). About Financial Inclusion Index(FI-Index): Released by: Reserve Bank of India(RBI) Aim: To capture the extent of financial inclusion across the country. Parameters: The index comprises three broad parameters — access (35% weightage),… Continue reading Reserve Bank launches index to capture financial inclusion
MoHUA launches one brand -‘SonChiraiya’ – for Urban SHG products
Source: PIB What is the News? The Ministry of Housing and Urban Affairs has launched ‘SonChiraiya’. About SonChiraiya: SonChiraiya is a brand and logo for the marketing of urban Self-Help Group (SHG) products. This will help in improving visibility and global access for the products made by urban SHG women. Deendayal Antyodaya Yojana – National… Continue reading MoHUA launches one brand -‘SonChiraiya’ – for Urban SHG products
DPE brings out 60th annual Public Enterprises Survey 2019-20
Source: PIB Contents1 What is the News?2 Brief history of the Public Enterprises (PE) survey:3 Public Enterprises Survey 2019-20 4 Findings of the Survey: What is the News? The Department of Public Enterprises (DPE), Ministry of Finance has released the Annual Public Enterprises Survey 2019-20. Brief history of the Public Enterprises (PE) survey: The Estimates Committee… Continue reading DPE brings out 60th annual Public Enterprises Survey 2019-20
Fill consumer disputes panel vacancies in eight weeks: SC
Source: The Hindu What is the News? The Supreme Court has given the Centre and the States eight weeks to fill the vacancies in the consumer disputes redressal commissions. What is the issue? The court was hearing a suo motu case on inaction in appointing president and members/staff of Districts and State Consumer Disputes Redressal… Continue reading Fill consumer disputes panel vacancies in eight weeks: SC
Indian promoters likely to give personal guarantee on foreign assets
Source: Business Standard Contents1 What is the news?2 Who is a promoter?3 Key proposals4 Present rules What is the news? In a major shift from its earlier stance, the Reserve Bank of India (RBI) has proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with… Continue reading Indian promoters likely to give personal guarantee on foreign assets
New licensing regime for UCBs in the pipeline
Source: Business Standard What is the news? A brand-new licensing regime for urban co-operative banks (UCBs) is on the cards for financially sound and well-managed co-operative credit societies. This comes 17 years after the Reserve Bank of India (RBI) stopped issuing them. Expected Reforms in UCBs Constituting a board of management (BoM) for UCBs with… Continue reading New licensing regime for UCBs in the pipeline
Centre mulls changes in draft e-commerce rules
Source: Business Standard Contents1 What is the news?2 Why govt is considering changes?3 Background4 Concerns 5 Suggestions What is the news? The Centre is considering changes to the consumer protection rules on e-commerce that may include redrafting related party sales and clarity on flash sales, after consultation with industry and e-commerce players. Why govt is considering… Continue reading Centre mulls changes in draft e-commerce rules
