Source: Business Standard What is the news? The Centre is considering changes to the consumer protection rules on e-commerce that may include redrafting related party sales and clarity on flash sales, after consultation with industry and e-commerce players. Why govt is considering changes? Industry associations and companies voiced their concerns regarding various provisions of the… Continue reading Centre mulls changes in draft e-commerce rules
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.
Power Minister Launches “Reform and Regulatory Knowledge base for Power Sector
Source: PIB What is the News? The Union Minister for Power has launched a “Reform and regulatory knowledge base for the power sector” and a “Regulatory Data Dashboard Program”. These initiatives have been developed by IIT Kanpur. About Reform and regulatory knowledge base for the power sector: It is an e-certification program to provide regulatory… Continue reading Power Minister Launches “Reform and Regulatory Knowledge base for Power Sector
Emergency arbitration award is applicable: Amazon wins in Supreme Court
Source: Times of India, Indian Express and The Hindu Introduction: Recently, the Supreme Court has ruled in favour of e-commerce giant Amazon against the merger deal between Future Retail Limited (FRL) and Reliance Retail. The Supreme Court also upheld the interim award of the Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC). What is the… Continue reading Emergency arbitration award is applicable: Amazon wins in Supreme Court
Finance Panel for appointing HC judges as NCLT members to reduce litigation
Source: Business Standard What is the News? The Standing Committee on Finance of the Lok Sabha has recommended overhauling the entire IBC (Insolvency and Bankruptcy Code) process. Click Here to Read about Insolvency and Bankruptcy Code Problems in the IBC Process: Click here to read about the challenges with the IBC Recommendations of the Standing… Continue reading Finance Panel for appointing HC judges as NCLT members to reduce litigation
How e-RUPI can make welfare payments easier?
Source: Live Mint What is the news? Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC). Must Read: What is e-RUPI and how does it work? What will e-RUPI be used for? The most… Continue reading How e-RUPI can make welfare payments easier?
Kerala’s first road tunnel “Kuthiran Tunnel” opens on one side
Source: Livemint What is the News? Kuthiran Tunnel in Kerala has been opened on one end side. This move will help improve connectivity between Tamil Nadu and Karnataka. About Kuthiran Tunnel: The Kuthiran Tunnel is the first road tunnel in Kerala. It is located at Kuthiran in the Thrissur district of Kerala. The tunnel is… Continue reading Kerala’s first road tunnel “Kuthiran Tunnel” opens on one side
NITI Aayog and RMI Release a Report on Power Distribution Sector
Source: PIB What is the News? NITI Aayog and RMI have released a report titled “Turning Around the Power Distribution Sector”. Purpose of the Report: The report presents a review of reform efforts in the Indian and global power distribution sector. It extracts the learnings and best practices from policy experience that exists in the… Continue reading NITI Aayog and RMI Release a Report on Power Distribution Sector
PM to launch digital payment solution e-RUPI
Source: PIB What is the News? The Prime Minister has launched a digital Initiative named “e-RUPI”. About e-RUPI: e-RUPI is a cashless and contactless instrument for digital payment. It is founded on the Unified Payment Interface(UPI) platform. Purpose: It is designed to be a person and purpose-specific digital payment solution. It seeks to ensure that… Continue reading PM to launch digital payment solution e-RUPI
Reform-based scheme: Discoms get till Dec 31
Source: Indian Express What is the News? Union Minister of Power has said that the Power distribution companies (discoms) looking to avail funds under the government’s Rs 3.03-lakh crore Reform Based Scheme for discoms will have to submit plans to cut losses by 31st December,2021. About Reform Based Power Distribution Scheme: The Scheme aims to… Continue reading Reform-based scheme: Discoms get till Dec 31
Atal Innovation Mission successfully completes ‘ATL Tinkerpreneur Bootcamp’
Source: PIB What is the News? Atal Innovation Mission (AIM), NITI Aayog has successfully completed two month long and a first of its kind, digital skills and an exclusive entrepreneurship ATL Tinkerpreneur summer boot camp held across the country. About ATL Tinkerpreneur: ‘Tinkerpreneur’ is the name derived from the phrase ‘enabling students to tinker from… Continue reading Atal Innovation Mission successfully completes ‘ATL Tinkerpreneur Bootcamp’
