News: According to Economists, Indian economy is heading for a K-shaped recovery. Facts: K-shaped Recovery: It occurs when an economy recovers unevenly and there’s a separate trajectory for two segments of the society. Examples: Industries like technology, retail, and software services have recovered while the travel, entertainment, hospitality, and food services industries have continued to… Continue reading Indian economy is heading for a K-shaped recovery and it won’t be a pretty sight
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.
India slips 26 places to 105 in global economic freedom index
News: The Global Economic Freedom Index 2020 has been released as a part of the Economic Freedom of the World: 2020 report by the Fraser Institute in Canada.In India, the report was co-published by Delhi-based Centre for Civil Society. Facts: About the report: The report measures the ‘economic freedom’ or the ability of individuals to… Continue reading India slips 26 places to 105 in global economic freedom index
Declaration of Results of Ranking of States: 2019 on support to Startup Ecosystems
News: The Results of the second edition of “States Startup Ranking 2019” has been released by the Minister of Commerce & Industry. Facts: States Startup Ranking 2019: The exercise was conducted by the Department for Promotion of Industry and Internal Trade(DPIIT). Objective: To foster competitiveness and propel States and Union Territories to work proactively towards… Continue reading Declaration of Results of Ranking of States: 2019 on support to Startup Ecosystems
Govt forms Panel to Assess Impact of Waiving Loan Interest
News: Union government has constituted an expert committee to measure the economic impact of waiving interest on the Covid-19 related loan moratorium. Facts: About the Panel: The expert panel will be chaired by Rajiv Mehrishi, former Comptroller and Auditor General (CAG) of India, and will submit its report within one week. Mandate: It will measure… Continue reading Govt forms Panel to Assess Impact of Waiving Loan Interest
Overall FDI rises 10% in FY20, but money coming in from Cayman Islands jumps 305%
News: Reserve Bank of India has released the data on the Foreign direct investment(FDI) into India. Facts: Singapore and Mauritius remained the major source countries accounting for about 50% of total FDI flows in 2019-20. They were followed by the Netherlands, the Cayman Islands, US and Japan. The FDI from Cayman Islands has jumped 305%… Continue reading Overall FDI rises 10% in FY20, but money coming in from Cayman Islands jumps 305%
Union Minister declares EASE 2.0 Index Results
News: Union Finance Minister has felicitated the best performing banks on EASE Banking Reforms Index. Facts: EASE Banking Reforms Index: EASE stands for ‘Enhanced Access and Service Excellence’.It was launched in 2018 with the aim to institutionalize clean and smart banking. EASE 2.0 further progresses the reforms built in EASE 1.0 by making the reforms… Continue reading Union Minister declares EASE 2.0 Index Results
Explained: Forex reserves at all-time high — why did this happen, and what does it mean for India’s economy?
News: As per the Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves has touched a record high of USD 541.431 billion in the week ended 28th August 2020. Facts: Reasons for High Foreign Reserves: Investment: Rise in investment by foreign portfolio investors and increased foreign direct investments(FDIs). Fall in Crude Oil Prices:… Continue reading Explained: Forex reserves at all-time high — why did this happen, and what does it mean for India’s economy?
Kamath committee picks 26 sectors for loan restructuring, says RBI
News: Reserve Bank of India has released the K V Kamath-led Committee report and has broadly accepted its recommendations. Facts: Background: RBI had formed a five-member committee under the chairmanship of KV Kamath to make recommendations on the financial parameters and the sectors to be considered for the one-time restructuring of loans impacted by the… Continue reading Kamath committee picks 26 sectors for loan restructuring, says RBI
Business Reform Action Plan for the year 2019
News: Union Minister of Finance and Corporate Affairs has announced the 4th edition of Business Reform Action Plan (BRAP) ranking of states,2019. Facts: Business Reform Action Plan(BRAP): The ranking of States based on the implementation of Business Reform Action Plan started in the year 2015.Till date, State Rankings have been released for the years 2015,… Continue reading Business Reform Action Plan for the year 2019
RBI releases revised Priority Sector Lending(PSL) guidelines
News: Reserve Bank of India(RBI) has released revised priority sector lending (PSL) guidelines to augment funding for COVID-19 impacted companies. Facts: Aim: To align Priority Sector lending with emerging national priorities and bring sharper focus on inclusive development. Key Revised PSL Guidelines: Bank finance for start-ups (up to ₹50 crore), loans to farmers for installation… Continue reading RBI releases revised Priority Sector Lending(PSL) guidelines
