Synopsis: India’s Foreign exchange reserves have registered a record increase. However, analyzing factors and impacts of this increase are important. Introduction India’s foreign exchange reserves crossed $600 billion for the first time. On July 11, the reserve stood at $608.1 billion. Out of that foreign currency reserves account for $563.5 billion and gold reserves accounts for… Continue reading Our record forex reserves must be seen in the right perspective
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.
Quality focus to help in ‘setting humane fiscal policy’: RBI study
Contents1 What is the News? 2 About Cyclical Fiscal Policy: 3 What is Counter Cyclical Fiscal Policy? 4 What is pro-cyclical fiscal policy? 5 What is Gross Fiscal Deficit? What is the News? A Reserve Bank of India study has said that the formal weaving of quality targets into the fiscal consolidation paths would result in setting fiscal policy… Continue reading Quality focus to help in ‘setting humane fiscal policy’: RBI study
RBI issues guidelines for NBFCs to declare dividend
What is the News? The Reserve Bank of India(RBI) has issued guidelines that spell out the eligibility criteria for non-banking finance companies(NBFCs) to declare dividends. What is Dividend? Dividend is a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves). What is NBFC? A Non-Banking Financial… Continue reading RBI issues guidelines for NBFCs to declare dividend
A crystal ball gaze at where the Indian rupee could be headed
Why Rupee fluctuates vis-a-vis other currencies? Reason for fluctuation in rupee: India’s foreign exchange reserves. For example, an increase in forex reserves is an indication that India is getting in more dollars than India’s spending. This will push India’s current and capital accounts into surplus zone and impact the exchange rates. Daily fluctuations caused by foreign portfolio investment (FPI) flows. External factor of the dollar,… Continue reading A crystal ball gaze at where the Indian rupee could be headed
Excise duty helps fill Centre’s fiscal gap
What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap
MCA expands small firm definition, raises turnover and borrowing limits
What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits
India should lower entry barriers for companies wishing to float IPOs. SEBI should be more like SEC
Synopsis: SEBI needs to usher in reforms to make Indian public equity markets more attractive to investors and companies willing to issue IPOs (Initial Public Offer). What is an IPO? Whenever a company issues its shares first time to the public, it is known as Initial Public Offer (IPO). Issuing shares is a method of raising capital. Eligibility criteria… Continue reading India should lower entry barriers for companies wishing to float IPOs. SEBI should be more like SEC
“Gold hallmarking” Becomes Mandatory
What is the News? The government has announced the phased implementation of mandatory Gold Hallmarking of Jewelry, with effect from June 16, 2021. Contents1 What is gold Hallmarking?2 Which metals are covered under the scheme?3 What was the need of making Gold Hallmarking mandatory?4 Phase wise implementation: What is gold Hallmarking? The Bureau of Indian Standard… Continue reading “Gold hallmarking” Becomes Mandatory
What is Kerala’s “SilverLine project”?
What is the News? Kerala cabinet has given the approval to begin acquiring land for the SilverLine Project. About SilverLine Project: SilverLine Project is Kerala’s semi high-speed railway project that aims to reduce travel time between Kerala’s northern and southern ends. Distance: The railway line will be around 529 kms long, covering 11 districts through 11… Continue reading What is Kerala’s “SilverLine project”?
NITI Aayog releases “Fast Tracking Freight in India” Report
What is the News? NITI Aayog and Rocky Mountain Institute(RMI) has released a report titled “Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport”. Contents1 Objectives of the Fast Tracking Freight in India Report:2 India’s Logistics Sector:3 Measures need to accommodate more urban citizens:4 Other measures recommended by the Fast Tracking… Continue reading NITI Aayog releases “Fast Tracking Freight in India” Report
