Source: Indian Express What is the News? The Minister for Labour and Employment will launch an e-Shram portal. About e-Shram portal: The e-Shram portal is a database of unorganised sector workers. The portal aims to register 38 crore unorganised workers, such as construction labourers, migrant workforce, street vendors and domestic workers among others. After registration,… Continue reading e-Shram portal: A database for unorganised sector workers
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 pips US to rank second in list of most attractive manufacturing hub globally; China first
Source: Indian Express What is the News? The Global Manufacturing Risk Index 2021 has been released. About Global Manufacturing Risk Index: Released by: US-based property consultant Cushman & Wakefield Purpose: To assess and rank the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). Parameters: The ranking is… Continue reading India pips US to rank second in list of most attractive manufacturing hub globally; China first
CSIR-CMERI ‘Collaborative Model with the Market’ for establishing Industry-Academia Linkage
Source: PIB What is the News? CSIR-Central Mechanical Engineering Research Institute(CMERI) has launched a ‘Collaborative Model with the Markets’ for establishing Industry-Academia Linkage. Background: India aspires to be a ‘Global Manufacturing Powerhouse’ of the Future. It also aims to be a ‘Zero-Defect’ Manufacturing Economy where there is a minimum tolerance for deviation from precision parameters. … Continue reading CSIR-CMERI ‘Collaborative Model with the Market’ for establishing Industry-Academia Linkage
E-tailers can’t store your card data, says RBI
Source: TOI What is the News? Reserve Bank of India is all set to implement its revised set of guidelines on the card data storage policy from January 2022. RBI’s Guidelines on Card Data Storage Policy: As per the guidelines, Payment Aggregators(PAs), Payment Gateways and online merchants shall not store card credentials of customers in… Continue reading E-tailers can’t store your card data, says RBI
FM launches Ubharte Sitaare Fund
Source: The Hindu What is the News? The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund. About ‘Ubharte Sitaare’ Alternative Investment Fund: Aim: To provide debt and equity funding to export-oriented MSMEs as well as providing them with the required technological support to make their businesses more competitive. Setup by: The fund has… Continue reading FM launches Ubharte Sitaare Fund
RBI panel suggests umbrella body for helping smaller UCBs scale up
Source: Business Standard and Livemint What is the News? The Reserve Bank of India(RBI) has released the report of the Expert Committee on Primary Urban Co-operative Banks(UCBs). About the Expert Committee on UCBs: The committee was set up under the chairmanship of former RBI deputy governor N.S. Vishwanathan. Mandate: To examine the issues and to… Continue reading RBI panel suggests umbrella body for helping smaller UCBs scale up
Finance Minister launches the National Monetisation Pipeline
Source: The Hindu, Indian Express, Livemint and PIB What is the News? The Union Minister for Finance has launched the National Monetisation Pipeline. About National Monetisation Pipeline: Prepared by: It was prepared by NITI Aayog in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22. Note: Asset monetisation… Continue reading Finance Minister launches the National Monetisation Pipeline
Lower costs, ink FTAs to push exports: CEO panel
Source: TOI What is the news? The Steering Committee for Advancing Local Value-Add and Exports (SCALE committee), comprising top Indian CEOs, has argued that India’s proposed free trade agreements (FTAs) could help push exports of auto components and textiles. Must Read: Free Trade Agreements (FTAs): Challenges & opportunities – Explained, pointwise Key suggestions The panel… Continue reading Lower costs, ink FTAs to push exports: CEO panel
Government Constitutes a Committee for doubling the production and quadrupling the exports of handlooms in a span of 3 years
Source: PIB What is the News? The Government of India has constituted a committee on the occasion of National Handloom Day for doubling the production and quadrupling the exports of handlooms in a span of 3 years. About the Committee for the Handloom Sector: Headed by: Sh. Sunil Sethi, Chairman, Fashion Design Council of India… Continue reading Government Constitutes a Committee for doubling the production and quadrupling the exports of handlooms in a span of 3 years
RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0
Source: The Hindu What is the News? Reserve Bank of India(RBI) has announced that it will conduct an open market purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme (G-SAP 2.0). About G-Sec Acquisition Programme(G-SAP): G-Sec Acquisition Programme(G-SAP) is basically an unconditional and a structured open market operation (OMO), of a… Continue reading RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0
