Source: PIB What is the News? The Union Minister of Finance of India along with the Finance Minister of Bhutan has jointly launched BHIM–UPI in Bhutan. Contents1 Significance of this launch:2 What is BHIM?3 What is UPI?4 About NPCI: Significance of this launch: Bhutan is now the first country to adopt UPI standards for its… Continue reading Finance Minister of India and Bhutan jointly launches BHIM–UPI in Bhutan
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.
NTPC to build India’s largest solar park in Rann of Kutch
Source: PIB What is the News? NTPC Renewable Energy Ltd (NTPC REL), a 100% subsidiary of NTPC, will set up the country’s single largest solar park at Rann of Kutch in Gujarat. About the Solar Park in Gujarat: The 4,750-megawatt(MW) Solar Park at Rann of Kutch in Gujarat will be set up by NTPC Renewable… Continue reading NTPC to build India’s largest solar park in Rann of Kutch
Interest rates and asset prices
Source: Business Standard Synopsis: Relationship between interest rates and asset prices is discussed What is an asset? An asset is defined as follows, a useful thing or an item of property owned by a person or company, regarded as having value. Interest rate Interest rate is defined as the price one pays to borrow money or… Continue reading Interest rates and asset prices
Strengthening export linkage of Farmer Cooperatives & FPOs
Source: Pib What is the news? APEDA and NAFED have signed a memorandum of understanding (MoU) for harnessing the export potential of agricultural and processed food products of cooperatives as well as Farmer Producer Organizations (FPOs). Key points of MoU The key areas of cooperation include facilitating APEDA registered exporters getting assistance under all the… Continue reading Strengthening export linkage of Farmer Cooperatives & FPOs
G-secs: RBI unveils Retail Direct Scheme
Source: The Hindu Contents1 What is the News? 2 About RBI Retail Direct Scheme: 3 What are Government Securities(G-secs)? 4 What are NDS(Negotiated Dealing System)? What is the News? The Reserve Bank of India(RBI) has announced the launch of the RBI Retail Direct scheme. About RBI Retail Direct Scheme: RBI Retail Direct Scheme is a one-stop solution to facilitate investment in… Continue reading G-secs: RBI unveils Retail Direct Scheme
NHAI resumes infrastructure investment trust project with roadshows
Source: Business Standard What is the News? National Highways Authority of India(NHAI) has started re-engagement with investors for its infrastructure investment trust(InvIT) which has been delayed by over a year. What are Infrastructure Investment Trusts(InvITs)? InvITs are instruments that work like mutual funds. They are designed to pool small sums of money from a number… Continue reading NHAI resumes infrastructure investment trust project with roadshows
First commercial shipment of Mishri variety of cherries from Kashmir exported to Dubai
Source: PIB What is the News? The first commercial shipment of Mishri variety of cherries from Kashmir valley has been exported to Dubai from Srinagar. About Mishri Cherries: Mishri varieties of Cherries not only taste delicious but also contain vitamins, minerals, and plant compounds with health benefits. The Union Territory of Jammu and Kashmir produces… Continue reading First commercial shipment of Mishri variety of cherries from Kashmir exported to Dubai
Open-sourcing project govt panel: What’s in store for online retailers
Source: Indian Express What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT) has issued orders for appointing an advisory committee for its Open Network for Digital Commerce(ONDC) project. About Open Network for Digital Commerce(ONDC) project: The ONDC Project is aimed at curbing digital monopolies in the e-commerce sector. This will be… Continue reading Open-sourcing project govt panel: What’s in store for online retailers
What Sebi giving a free hand to directors means
Source: Livemint What is the News? Securities and Exchange Board of India(SEBI) has tightened the rules for appointing and removing independent directors. This move aims at strengthening the corporate governance framework. Click Here to Read New rules for Independent Directors Who is an Independent Director? An independent director is a non-executive director who does not… Continue reading What Sebi giving a free hand to directors means
ONDC: Looking to open source e-comm processes, DPIIT sets up 9-member panel
Source: Indian Express What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry has set up a nine-member advisory council for creating an Open Network for Digital Commerce(ONDC). About Open Network for Digital Commerce(ONDC): ONDC is being designed to curb the monopolistic tendencies of e-commerce platforms. It… Continue reading ONDC: Looking to open source e-comm processes, DPIIT sets up 9-member panel
