Source– This post on NBFC co lending is based on the article “NBFCs’ co-lending book set to touch Rs 1 lakh crore’” published in “The Indian express” on 9th April 2024. Why in the News? The co-lending book of non-banking finance companies (NBFCs) is projected to hit Rs one lakh crore by June 2024 as per CRISIL Ratings.… Continue reading NBFC co lending book
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.
RBI proposed two new UPI features
Source-This post on RBI proposed two new UPI features is based on the article “RBI introduces two new UPI features! From cash deposit to PPI wallet interoperability” published in “The Times of India” on 5th April 2024. Why in the News? RBI recently announced two new features for Unified Payments Interface (UPI) users, aiming to… Continue reading RBI proposed two new UPI features
Exchange traded currency derivatives (ETCD) norms
Source-This post on Exchange traded currency derivatives (ETCD) norms is based on the article “RBI defers exchange traded currency derivatives norms” published in “The Indian Express” on 5th April 2024. Why in the News? Recently, the RBI postponed its new norms for the exchange-traded currency derivatives (ETCD) market from April 5 to May 3. Exchange… Continue reading Exchange traded currency derivatives (ETCD) norms
Shrimp farming in India
Source– This post on Shrimp farming in India is based on the article “India dismisses allegations of abusive conditions at shrimp farms” published in “The Hindu” on 4th April 2024. Why in the News? Recently, a human rights organization based in Chicago has accused India of human rights and environmental violations in the shrimp farming… Continue reading Shrimp farming in India
RBI@90 program
Source-This post on RBI@90 program is based on the article “PM addresses RBI@90 opening ceremony” published in “PIB” on 1st April 2024. Why in the News? Recently PM Narendra Modi attended the the opening ceremony of RBI@90, a program marking 90 years of the Reserve Bank of India, in Mumbai, Maharashtra. He also released a commemorative… Continue reading RBI@90 program
Record Defence Exports: Rs 21,083 Cr in FY 2023-24
Source-This post on Record Defence Exports: Rs 21,083 Cr in FY 2023-24 is based on the article “Defence exports touch record Rs 21,083 crore in FY 2023-24, an increase of 32.5% over last fiscal” published in “PIB” on 1st April 2024. Why in the News? Defence exports hit a record high of Rs 21,083 crore… Continue reading Record Defence Exports: Rs 21,083 Cr in FY 2023-24
Written approval needed for GST Audits of Big Firms and MNCs
Source-This post on Written approval needed for GST Audits of Big Firms and MNCs is based on the article “Now, GST probe into big corporates, major MNCs needs a ‘written approval’” published in “The Hindu” on 31st March 2024. Why in the News? Recently, Central Board of Indirect Taxes and Customs (CBIC) has instructed Central… Continue reading Written approval needed for GST Audits of Big Firms and MNCs
Difference between the current and capital account
Source-This post on Difference between the current and capital account is based on the article “Current account deficit narrows to 1.2% of GDP at $10.5 billion in Oct-Dec: RBI” published in “The Indian Express” on 27th March 2024. Why in the News? Recently, RBI stated that current account deficit narrows to 1.2 % of GDP at $10.5 billion… Continue reading Difference between the current and capital account
India Employment Report 2024
Source-This post on India Employment Report 2024 is based on the article “Employment scenario in India grim, says ILO report” published in “The Hindu” on 27th March 2024. Why in the News? The International Labour Organisation (ILO) and the Institute of Human Development (IHD) have jointly published a report titled “India Employment Report 2024”. About… Continue reading India Employment Report 2024
Krishi Integrated Command and Control Centre
Source-This post on Krishi Integrated Command and Control Centre (ICCC) has been created based on the article “ICCC: Integrated farm data dashboard for customised solutions” published in “The Indian Express” on 27 March 2024. Why in the news? Agriculture Minister has recently inaugurated a Krishi Integrated Command and Control Centre (ICCC) set up at Krishi… Continue reading Krishi Integrated Command and Control Centre
