Why in News? The Union Minister for Health and Family Welfare has addressed the 4th edition of the Future Investment Initiative(FII) Forum. Facts: Future Investment Initiative(FII): It is an annual investment forum held in Riyadh, Saudi Arabia. The Forum discusses trends in the world economy and investment environment. Hosted by: Public Investment Fund of Saudi… Continue reading 4th edition of “Future Investment Initiative” Forum
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.
What is disinvestment?
Disinvestment It means sale or liquidation of the public assets by the government. These are usually Central and state public sector enterprises, projects or other fixed assets. The government can sell its shares, where it is the majority shareholder (Owns more than 51% of shares). For example, Air India, Bharat Petroleum, Delhi Metro Rail Corporation,… Continue reading What is disinvestment?
What are off-budget borrowings?
Off Budget Borrowings: These are loans that are taken not by the Centre directly and are not calculated under the budget. These loans are taken by PSUs or other public institutions on the directions of the central government. Such borrowings are used to fulfill the expenditure needs of these institutions. Are these borrowings included in… Continue reading What are off-budget borrowings?
Decriminalisation of offences under LLP Act
Why in News? The Company Law Committee has recommended decriminalizing 12 offences under the Limited Liability Partnership(LLP) Act. It has also said that LLPs should be allowed to issue non-convertible debentures(NCDs) to raise funds. It will help them in improving the ease of doing business for LLP firms. Facts: Limited Liability Partnership(LLP): It is an… Continue reading Decriminalisation of offences under LLP Act
4-tier structure for regulation of NBFCs
Why in News? Reserve Bank of India (RBI) has proposed a tighter regulatory framework for non-banking financial companies (NBFCs) by creating a four-tier structure. The intensity of regulations will be greatest at the top layer and lowest at the base layer. Objective: It is to keep the big NBFCs in good financial health. It has… Continue reading 4-tier structure for regulation of NBFCs
New land allotment policy of Jammu and Kashmir (J&K)
Why in News? A new policy has been approved for Jammu and Kashmir. The policy focus on the allotment of land to industrial entrepreneurs. What are the objectives of the policy? To address various land-related issues that are creating hurdles in the industrial development of Jammu and Kashmir. It will be done by a framework… Continue reading New land allotment policy of Jammu and Kashmir (J&K)
Green bonds
Why in News? According to the Reserve Bank of India(RBI), the cost of issuing green bonds in India has generally remained higher compared to other bonds. It is largely due to asymmetric information. About Green Bonds: It is a debt instrument just like any other normal bond, issued by an issuer for raising funds. The only difference is that these instruments are designed… Continue reading Green bonds
Dragon fruit to be renamed as ‘kamalam’
Why in News? Gujarat government has applied for a patent to change the nomenclature of dragon fruit to ‘Kamalam’.The word ‘Kamalam’ is a Sanskrit word and the shape of the dragon fruit resembles the lotus flower. Facts: Dragon Fruit: It is the fruit of a species of wild cactus indigenous to South and Central America,… Continue reading Dragon fruit to be renamed as ‘kamalam’
National Startup Advisory Council
Why in News? The Government of India has nominated 28 non-official members on the National Startup Advisory Council. About National Startup Advisory Council: National Startup Advisory Council: It was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) in January, 2020. Objective: This is to advise the Government on measures needed to build a strong startup ecosystem. The… Continue reading National Startup Advisory Council
Too Big To Fail: Domestic Systemically Important Banks (D-SIBs)
Why in News? Reserve Bank of India(RBI) has retained SBI, ICICI and HDFC Bank in Domestic Systemically Important Banks (D-SIBs) list or banks that are considered as “Too Big To Fail”. Facts: Domestic Systemically Important Banks(D-SIBs): D-SIBs are banks that are Too Big To Fail(TBTF). According to RBI, banks become D-SIBs due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks, whose assets exceed 2% of GDP are considered part of this group. Significance of… Continue reading Too Big To Fail: Domestic Systemically Important Banks (D-SIBs)
