What is the News? The Labour Bureau, which works under the Ministry of Labour, has released findings from the All-India Quarterly Establishment-based Employment Survey. About All-India Quarterly Establishment-based Employment Survey(AQEES) AQEES has been taken up by the Labour Bureau to provide frequent (quarterly) updates about the employment and related variables of establishments, in both organised… Continue reading Jobs increased by 29% since 2013, says survey
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 pulling out all stops for 150 GW RE capacity by 2 Oct
What is the News? The Indian government is planning to achieve renewable energy (RE) capacity of 150 gigawatts (GW) by 2 October 2021. About India’s Greenhouse Gas Emissions India is the third-biggest emitter of greenhouse gases after the US and China India’s Intended Nationally Determined Contributions (INDCs) under Paris Agreement aims to do the following,… Continue reading Govt pulling out all stops for 150 GW RE capacity by 2 Oct
Govt.-industry panel drives policy to revive manufacturing
What is the News? The meeting between the Minister for Commerce and the private Industry soon after the national lockdown was announced in 2020 has led to the setting up of the SCALE Committee. What is the SCALE Committee? SCALE Committee stands for Steering Committee for Local Value Addition, Manufacturing and Exports(SCALE) It is a… Continue reading Govt.-industry panel drives policy to revive manufacturing
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
What is the News? The Reserve Bank of India(RBI) has permitted lenders to transfer the loans that have been classified as fraud to asset reconstruction companies(ARCs). What is the current procedure? Currently, RBI norms require banks to make 100% provisions for the entire amount classified as fraud. Note: As per RBI’s annual report, lenders have… Continue reading RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
United Nations Food Systems Summit: Need to transform food systems, say experts
What is the news? Recently, United Nations Food System Summit took place in New York. In this summit, leaders emphasized that there is a need to achieve the United Nations-mandated Sustainable Development Goals (SDG) by 2030 and address climate change in view of food production. We must urgently move from incremental and siloed action towards a systems approach.… Continue reading United Nations Food Systems Summit: Need to transform food systems, say experts
Creative destruction’ dents inclusion, ups output: Das
What is the News? The Reserve Bank of India(RBI) Governor has delivered his keynote address at the National Management Convention of the All India Management Association (AIMA). What are the key highlights of his address? On Covid-19 Impact The Covid-19 has impacted the poor relatively more than others. It has affected contact-intensive service sectors, which… Continue reading Creative destruction’ dents inclusion, ups output: Das
India’s income divide narrows, wealth divide persists: Survey data
What is the News? National Sample Survey Organisation(NSSO) has released the All India Debt and Investment Survey (AIDIS) for 2018-19. The survey has provided data on the wealth inequality in India. What are the key highlights from the survey? Wealth Inequality In 2018-19, India’s top 10% households held 55.67% of the wealth in urban areas… Continue reading India’s income divide narrows, wealth divide persists: Survey data
National Single Window System for Investors and Businesses Launched
What is the News? The Union Minister of Commerce and Industry has launched the National Single Window System (NSWS) for investors and businesses. What is the National Single Window System (NSWS)? National Single Window System is a one-stop digital platform that aims at allowing investors to apply for various pre-operations approvals required for commencing a… Continue reading National Single Window System for Investors and Businesses Launched
A time to introspect: On GST Council meeting
What is the news? Recently, GST Tax Council held its first physical meeting during the pandemic. It approved various changes. Concessional tax rates on vital COVID-19 equipment such as oxygen concentrators will lapse on Sep 30, while the lower rates on medicines were extended till December. As there are no signs the virus and its variants… Continue reading A time to introspect: On GST Council meeting
Govt to promote pearl farming in tribal areas
What is the News? TRIFED (Tribal Cooperative Marketing Development Federation of India) has signed an agreement with the Jharkhand-based Purty Agrotech for the promotion of pearl farming in tribal areas. What are Pearls? Pearls are the only gemstones in the world that come from a living creature. Mollusks such as oysters and mussels produce pearls… Continue reading Govt to promote pearl farming in tribal areas
