Source: This post is based on the article “RBI permits card tokenization services” published in AIR on 26th August, 2021. What is the News? The Reserve Bank of India has permitted authorised card networks to offer card tokenization services to any token requestor in a bid to make card transactions more safe, secure and convenient… Continue reading RBI permits card-tokenization services in a bid to make card transactions more safe
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.
102 Vande Bharat trains to be operational by 2024
Source: This post is based on the Article “102 Vande Bharat Trains” published in “The Hindu” on 31st August, 2021. What is the News? Indian Railways has planned to operate 102 Vande Bharat trains by March 2024. What is Vande Bharat Train? Vande Bharat is India’s first indigenously built engineless semi-high speed train. Earlier, it… Continue reading 102 Vande Bharat trains to be operational by 2024
Adopting crypto assets as currency is a risky bet: IMF
Source: This post is based on the article “Adopting crypto assets as currency is a risky bet: IMF” published in Livemint on 31st August 2021. What is the news? The International Monetary Fund (IMF) has warned that adoption of crypto assets such as Bitcoin as national currency can impact a country’s macroeconomic stability. The warning came ahead… Continue reading Adopting crypto assets as currency is a risky bet: IMF
Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
Source: This post is based on the article “Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles” published in PIB on 28th August 2021. What is the News? The Ministry of Road Transport and Highways has introduced a new registration mark for new vehicles called the Bharat… Continue reading Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
NITI Aayog caught in e-com cross hairs
Source: Business Standard What is the news? Confederation of All India Traders (CAIT) has criticized NITI Aayog on its opposition to some of the e-commerce policy rules. In June, the consumer affairs ministry had proposed a range of amendments under the Consumer Protection (E-Commerce) Rules, 2020, to ‘’protect the interests of consumers and encourage fair… Continue reading NITI Aayog caught in e-com cross hairs
Duopoly in telcom will hurt both consumers and govt
Source: Business Standard What is the news? The government is reportedly looking at a relief package for the stressed telecom sector while also exploring ways to allow operators to pay their dues linked to adjusted gross revenue (AGR) over 20 years rather than 10 years currently. Must Read: Two is too few – Issues with telecom sector Preventing a… Continue reading Duopoly in telcom will hurt both consumers and govt
Loan Mela Mindset (On lending by PSBs)
Source: Business Standard What is the news? Union Finance Minister recently asked public sector banks (PSBs) to give credit through outreach programmes in every district of the county and referred to the 2019 “loan melas” undertaken by banks across 400 districts. Finance Minister also asked PSBs to reach out to different sectors to address their… Continue reading Loan Mela Mindset (On lending by PSBs)
Government of India launches the e-Shram Portal
Source: PIB What is the News? The Minister for Labour and Employment has formally launched the e-Shram portal. About e-Shram portal: e-Shram portal has been developed for creating a National Database of the Unorganized Workers(NDUW). Key Objective: To implement social security schemes for the unorganized workers. Key Features of the Portal: There are no income… Continue reading Government of India launches the e-Shram Portal
Government prepares plan to hive off surplus land of PSUs (On NMP project)
Source: The Hindu, TOI What is the news? After unveiling the Rs 6-lakh-crore asset monetization program, the government has accelerated efforts to separate surplus land. The government will soon seek Cabinet approval for setting up a specialized entity (special purpose vehicle, or SPV) to undertake such transactions for state-run companies, ministries and departments. The entity… Continue reading Government prepares plan to hive off surplus land of PSUs (On NMP project)
Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0
Source: PIB What is the News? The Union Minister of Finance and Corporate Affairs has unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22. About EASE: Enhanced Access and Service Excellence(EASE) is a common reform agenda for Public Sector Banks (PSBs). It is aimed at institutionalizing clean lending,… Continue reading Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0
