Source: PIB What is the News? The Union Minister for Power has launched a “Reform and regulatory knowledge base for the power sector” and a “Regulatory Data Dashboard Program”. These initiatives have been developed by IIT Kanpur. About Reform and regulatory knowledge base for the power sector: It is an e-certification program to provide regulatory… Continue reading Power Minister Launches “Reform and Regulatory Knowledge base for Power Sector
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.
Emergency arbitration award is applicable: Amazon wins in Supreme Court
Source: Times of India, Indian Express and The Hindu Introduction: Recently, the Supreme Court has ruled in favour of e-commerce giant Amazon against the merger deal between Future Retail Limited (FRL) and Reliance Retail. The Supreme Court also upheld the interim award of the Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC). What is the… Continue reading Emergency arbitration award is applicable: Amazon wins in Supreme Court
Finance Panel for appointing HC judges as NCLT members to reduce litigation
Source: Business Standard Contents1 What is the News?2 Problems in the IBC Process:3 Recommendations of the Standing Committee on Finance:4 Terms to know: What is the News? The Standing Committee on Finance of the Lok Sabha has recommended overhauling the entire IBC (Insolvency and Bankruptcy Code) process. Click Here to Read about Insolvency and Bankruptcy… Continue reading Finance Panel for appointing HC judges as NCLT members to reduce litigation
How e-RUPI can make welfare payments easier?
Source: Live Mint What is the news? Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC). Must Read: What is e-RUPI and how does it work? What will e-RUPI be used for? The most… Continue reading How e-RUPI can make welfare payments easier?
Kerala’s first road tunnel “Kuthiran Tunnel” opens on one side
Source: Livemint What is the News? Kuthiran Tunnel in Kerala has been opened on one end side. This move will help improve connectivity between Tamil Nadu and Karnataka. About Kuthiran Tunnel: The Kuthiran Tunnel is the first road tunnel in Kerala. It is located at Kuthiran in the Thrissur district of Kerala. The tunnel is… Continue reading Kerala’s first road tunnel “Kuthiran Tunnel” opens on one side
NITI Aayog and RMI Release a Report on Power Distribution Sector
Source: PIB Contents1 What is the News?2 Purpose of the Report:3 Key Findings of the Report:4 Reforms suggested by the Report: What is the News? NITI Aayog and RMI have released a report titled “Turning Around the Power Distribution Sector”. Purpose of the Report: The report presents a review of reform efforts in the Indian… Continue reading NITI Aayog and RMI Release a Report on Power Distribution Sector
PM to launch digital payment solution e-RUPI
Source: PIB Contents1 What is the News?2 About e-RUPI:3 How does e-RUPI work?4 Features of e-RUPI:5 Significance of e-RUPI: What is the News? The Prime Minister has launched a digital Initiative named “e-RUPI”. About e-RUPI: e-RUPI is a cashless and contactless instrument for digital payment. It is founded on the Unified Payment Interface(UPI) platform. Purpose:… Continue reading PM to launch digital payment solution e-RUPI
Reform-based scheme: Discoms get till Dec 31
Source: Indian Express Contents1 What is the News?2 About Reform Based Power Distribution Scheme:3 Objectives of the Scheme:4 Duration of the Scheme:5 Key Features of the Scheme: What is the News? Union Minister of Power has said that the Power distribution companies (discoms) looking to avail funds under the government’s Rs 3.03-lakh crore Reform Based… Continue reading Reform-based scheme: Discoms get till Dec 31
Atal Innovation Mission successfully completes ‘ATL Tinkerpreneur Bootcamp’
Source: PIB What is the News? Atal Innovation Mission (AIM), NITI Aayog has successfully completed two month long and a first of its kind, digital skills and an exclusive entrepreneurship ATL Tinkerpreneur summer boot camp held across the country. About ATL Tinkerpreneur: ‘Tinkerpreneur’ is the name derived from the phrase ‘enabling students to tinker from… Continue reading Atal Innovation Mission successfully completes ‘ATL Tinkerpreneur Bootcamp’
Distressed banks: Deposit insurance payout within 90 days gets approval
Source: Indian Express Contents1 What is the News?2 What are the amendments approved? 3 Increase in Insurance Premium:4 Coverage of DICGC: What is the News? The Union Cabinet has approved amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961. What are the amendments approved? Faster Process: The depositors will be provided funds up… Continue reading Distressed banks: Deposit insurance payout within 90 days gets approval
