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.

World Economic Outlook

News:The International Monetary Fund(IMF) has released the World Economic Outlook Report. Facts: The report is published twice a year. Aim: To provide analysis and forecasts of economic developments of member countries and highlights risks and uncertainty. Additional Facts: International Monetary Fund(IMF): It is an organization of 189 countries which seeks to ensure the stability of… Continue reading World Economic Outlook

What is helicopter money?

News:Telangana Chief Minister has suggested RBI to adopt the concept of Helicopter Money to help state governments tide over the current crisis and kickstart economic activity in India. Facts: Origin: The term Helicopter Money was given by American Economist Milton Friedman in his paper “The Optimum Quantity of Money”. Helicopter money: It refers to an… Continue reading What is helicopter money?

India, US in talks for dollar swap line

News:India is working with the United States to secure a dollar (currency) swap line that would help in providing an additional comfort in an event of any abrupt outflow of funds. Facts: Dollar Swap arrangement: Under this, the US Federal Reserve will provide dollars to a foreign central bank.  At the same time,the foreign central… Continue reading India, US in talks for dollar swap line

Developing Country Status

News:The US President has accused China of taking advantage of the US through the World Trade Organisation(WTO) saying that if China is considered a ‘developing country’, the US should be called one too. Facts: Developing Country Status in WTO: There are no WTO definitions of developed and developing countries. Members announce for themselves whether they… Continue reading Developing Country Status

6 theme-based microsites to promote tourism spots

News: Kerala has put forward six theme-based microsites in the official website to promote destination and tourism products. Facts: Aim: To boost tourism post COVID-19 pandemic Featured Microsites: Ayurveda Yoga Kalaripayattu (an ancient martial art indigenous to Kerala) Temples of Kerala Judaism in Kerala and  Discovering Malabar Additional Facts: Iconic Tourist Sites Initiative Nodal Ministry:… Continue reading 6 theme-based microsites to promote tourism spots

Green Bonds

News:State Bank of India(SBI) has raised $100 million in green bonds through private placement. Facts: Green Bonds:They are fixed-income financial instruments issued for funding of specific projects which have positive environmental and climate benefits. Categories: SEBI has allocated eight categories as green projects: a) renewable energy b) clean transportation c) sustainable water management d) climate… Continue reading Green Bonds

Certificate of Origin

News:Commerce ministry has created an online platform for issuance of ‘certificate of origin’ for exporters. Facts: Certificate of Origin: It is a document used in International trade declaring in which country a commodity or good was manufactured. Significance:They are essential for exporters to prove where their goods come from and therefore stake their claim to… Continue reading Certificate of Origin

ARTIS

News:The Directorate General of Trade Remedies (DGTR), Ministry of Commerce and Industry has launched ARTIS(Applications for Remedies in Trade for Indian Industry and other Stakeholders). Facts: ARTIS: It is an online system developed for filing applications by the domestic industry with respect to various trade remedial measures such as anti-dumping duty, safeguard duty and countervailing… Continue reading ARTIS

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