Contents1 What is the News?2 About the Global Economic Prospects Report:3 Key Findings of Global Economic Prospects Report related to India:4 Key Global Findings of Global Economic Prospects Report: What is the News? The World Bank has released the Global Economic Prospects Report. About the Global Economic Prospects Report: Global Economic Prospects is a World… Continue reading World Bank’s “Global Economic Prospects Report” predicts India’s growth as 8.3%
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.
“One Nation One Standard Mission” and “Research Designs & Standards Organization”
What is the News? Indian Railways Research Design & Standards Organization(RDSO) has become the nation’s first institution to be declared as Standard Developing Organization(SDO) under the “One Nation One Standard” mission. Contents1 About One Nation One Standard Mission:2 Objectives of the One Nation One Standard Mission:3 SDO Certification:4 About Research Designs & Standards Organization(RDSO)5 Benefits… Continue reading “One Nation One Standard Mission” and “Research Designs & Standards Organization”
“State of Environment Report” says “Farmer protests” increased fivefold since 2017
Contents1 2 What is the news?3 Report on Farmers Protests:4 Other key Findings of State of Environment Report:5 Suggestions from State of Environment Report: What is the news? The Centre for Science and Environment (CSE) has released the State of Environment Report, 2021 in February recently. This article focuses upon the data related to farmer… Continue reading “State of Environment Report” says “Farmer protests” increased fivefold since 2017
“Merchandise Exports” in May surge 67% to $32.21 billion
Contents1 What is the News?2 What are the key findings from the data?3 Merchandise Imports:4 Way Forward: What is the News? The Ministry of Commerce and Industry has released the preliminary data on the Merchandise exports in May 2021. What are the key findings from the data? Merchandise Exports: India’s merchandise exports are estimated at… Continue reading “Merchandise Exports” in May surge 67% to $32.21 billion
Govt launches the first phase of “MCA21 version 3.0” online portal
Contents1 2 What is the News?3 About MCA21:4 About MCA21 version 3.0:5 Significance: What is the News? The government of India has launched the first phase of the MCA21 version 3.0 to its digital corporate compliance portal. About MCA21: Firstly, MCA21 is the online portal of the Ministry of Corporate Affairs(MCA). It was initially launched… Continue reading Govt launches the first phase of “MCA21 version 3.0” online portal
National Mission on Use of Biomass in Thermal Power plants
Contents1 2 What is the News?3 About National Mission on the use of Biomass in thermal power plants:4 About Biomass:5 Biomass as an Energy Source in India: What is the News? The Ministry of Power has decided to set up a National Mission on the use of Biomass in thermal power plants. About National Mission… Continue reading National Mission on Use of Biomass in Thermal Power plants
FDI Inflow in 2020-21 in India
Contents1 2 What is the News?3 Key Highlights from the Data:4 About Foreign Direct Investment(FDI): What is the News? The Ministry of Commerce released the data on the FDI (Foreign Direct Investment Inflow) in India for the Financial Year 2020-21. Key Highlights from the Data: Firstly, India has received an FDI of $81.72 billion during… Continue reading FDI Inflow in 2020-21 in India
SC Ruling on Personal Guarantor’s Liability for Corporate Debt
Contents1 What is the News?2 Who is a personal guarantor?3 What is the issue?4 What has the Supreme Court said? What is the News? The Supreme Court has upheld the government’s move to allow lenders to initiate insolvency proceedings against personal guarantors. Who is a personal guarantor? To showcase their intent to repay the bank… Continue reading SC Ruling on Personal Guarantor’s Liability for Corporate Debt
Government Notifies Rules for 74% FDI in Insurance Sector
What is the News? The Finance Ministry notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021. These rules will apply to all insurers irrespective of the stake held by the foreign partner. These rules will give an effect to increased FDI limit in the Insurance Sector to 74% from 49%. Key Provisions of the Rules:… Continue reading Government Notifies Rules for 74% FDI in Insurance Sector
RBI to transfer Surplus Profit to Central Government
Contents1 2 What is the News? 3 RBI’s Transfer of Surplus to Government: 4 RBI transfer to Government for 2020-21: What is the News? The RBI (Reserve Bank of India) Central Board has approved the transfer of Rs. 99,122 crore as surplus to the central government. RBI’s Transfer of Surplus to Government: The Reserve Bank of India(RBI)… Continue reading RBI to transfer Surplus Profit to Central Government
