What is the News? Union Minister of Agriculture and Farmers Welfare has signed five Memorandums of Understanding (MOUs) with private corporations to advance digital agriculture. What is Digital Agriculture? Digital agriculture is the use of new and advanced technologies, integrated into one system, to enable farmers and other stakeholders within the agriculture value chain to… Continue reading Ministry of Agriculture and Farmers welfare signs 5 MOUs with private companies for taking forward Digital Agriculture
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.
Govt. curbs funding for 10 climate change, child labour NGOs
What is the news? Recently the government curbed the funding for a group of ten American, Australian and European NGOs dealing with environmental, climate change and child labour issues. A similar incident also happened in the past when the government restricted Greenpeace (The International NGO) from receiving foreign funds. What were the instructions given by… Continue reading Govt. curbs funding for 10 climate change, child labour NGOs
T+1 settlement system: how it works, and how it will help investors
What is the News? Securities and Exchange Board of India (SEBI) has introduced T+1 (Trade plus 1 day) settlement cycle for stocks on an optional basis in place of T+2 settlement. The new rule will come into force on January 1,2022. What is a T+1, T+2 Settlement? T+1 (T+2) are abbreviations that refer to the… Continue reading T+1 settlement system: how it works, and how it will help investors
‘No new coal plants needed to meet 2030 demand’
What is the News? According to a report prepared by EMBER, an independent British energy think-tank in collaboration with Bangalore-based Climate Risk Horizons, India does not require additional new coal capacity to meet expected demand growth by the financial year 2030. Key Findings of the report India does not require additional new coal capacity to… Continue reading ‘No new coal plants needed to meet 2030 demand’
If inflation remains elevated, Monetary Policy Committee could lose credibility. This must be avoided
Contents1 What is the news?2 What does the recent GDP data indicate?3 What concerns are being raised wrt RBI’s current policy?4 What is RBI’s view on policy normalisation? What is the news? RBI Governor has expressed optimism over the state of the economy. Speaking at an event organized by The Indian Express and the Financial… Continue reading If inflation remains elevated, Monetary Policy Committee could lose credibility. This must be avoided
El Salvador’s gamble on Bitcoin: Much too dicey
What is the news? El Salvador became the first country to adopt Bitcoin as legal tender. But the launch was marked by Chivo app (state-backed wallet app) glitches and crash in the Bitcoin price. This shows the volatility associated with Cryptocurrency is real and the adoption of Bitcoin as the official currency can turn out… Continue reading El Salvador’s gamble on Bitcoin: Much too dicey
Government Provides Big Boost to Exporters
What is the News? The Government of India has announced that it would clear all dues of exporters under various export promotion schemes. What are the various export promotion schemes under which dues will be cleared? About Merchandise Exports from India Scheme (MEIS) Click here to Read about MEIS Note: RoDTEP scheme which came into… Continue reading Government Provides Big Boost to Exporters
Merchants, companies can’t store card data from Jan 1: RBI
Contents1 What is the News?2 Reasons for RBI’s Ban on Storing card data3 What is the solution then?4 RBI’s Guidelines on Tokenization What is the News? Reserve Bank of India(RBI) has directed that no entity or merchant, other than card issuers and card networks, should store card details — or card-on-file (CoF) — from January… Continue reading Merchants, companies can’t store card data from Jan 1: RBI
Panel set up to draft Bill on drugs, cosmetics and medical devices
What is the News? The Union government has constituted a committee for framing legislation regarding new drugs, cosmetics and medical devices. About the Committee Headed by: The committee is headed by Drugs Controller General of India V.G. Somani. Mandate: To undertake pre-legislative consultations and examine the present Drugs and Cosmetics Act,1940, examine previously framed Drugs… Continue reading Panel set up to draft Bill on drugs, cosmetics and medical devices
Niti Aayog Launches India’s First MBA Programme in Agripreneurship and Value Chain Management Offered by IIS
What is the News? NITI Aayog and the Indian Institute of Sustainability of Gujarat University have signed a Statement of Intent (SoI) to launch an MBA programme in agripreneurship and value chain management. About MBA Programme in Agripreneurship and Value Chain Management It is a uniquely designed course that will provide global exposure to students… Continue reading Niti Aayog Launches India’s First MBA Programme in Agripreneurship and Value Chain Management Offered by IIS
