News:Union Budget has proposed to abolish the dividend distribution tax(DDT) at the company’s level.The dividend income will now be added to the taxable income of the recipient and taxed at the applicable rate. Facts: About Dividend Distribution Tax(DDT): A dividend is a return given by a company to its shareholders out of the profits earned… Continue reading Budget 2020:Dividend Distribution Tax
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.
Budget 2020:Investment Clearance Cell
News:The Finance Minister has proposed setting up of ‘Investment Clearance Cell’ for young entrepreneurs. Facts: About Investment Clearance Cell: The Investment Clearance cell will be a pan-India single-window clearance system for entrepreneurs. It will be setup by the Department for Promotion of Industry and Internal Trade(DPIIT). The cell will give investors free investment advisory, land… Continue reading Budget 2020:Investment Clearance Cell
Budget 2020:Taxation and Governance
News:The Finance minister has announced the Vivad Se Vishwas scheme in Budget 2020-21 that would help in reducing litigation. Facts: About Vivaad se Vishwas Scheme: Vivaad se Vishwaas is an amnesty scheme aims at reducing tax litigations pending at various forums. Under the proposed scheme, a taxpayer would be required to pay only the amount… Continue reading Budget 2020:Taxation and Governance
Union Budget 2020-21
News:The General Budget 2020-21 has been presented by the Union Finance Minister in the Lok Sabha. Facts: About Budget: The word Budget has not been used in the Constitution of India.Rather Article 112 of the Constitution of India mentions the term “Annual Financial statement”. The budget is a statement of the estimated receipts and expenditure… Continue reading Union Budget 2020-21
Budget 2020:Macro-economic Framework Statement (MFS) 2020-21
News:In Budget 2020-21,Government of India has presented the Macro-economic Framework Statement(MFS) 2020-21. Facts: Key Highlights of the statement: The Macroeconomic Framework Statement(MFS) 2020-21 describes the return path of fiscal consolidation without compromising the needs of investment out of public funds. Fiscal Deficit:The government’s fiscal deficit for 2019-20 will be 3.8% of the gross domestic product(GDP)… Continue reading Budget 2020:Macro-economic Framework Statement (MFS) 2020-21
National Technical Textiles Mission Proposed in Union Budget
News:Union Minister for Finance & Corporate Affairs has announced a proposal to set up a National Technical Textiles Mission. Facts: About National Technical Textiles Mission: The National Technical Textiles Mission will be implemented for a period of four-years from 2020-21 to 2023-24 at an estimated outlay of ₹1,480 crore. About Technical Textiles: Technical textiles are… Continue reading National Technical Textiles Mission Proposed in Union Budget
Budget 2020:Deposit Insurance cover raised to ₹5 lakh
News:The Finance minister has announced in the Budget that the Deposit insurance cover for bank deposits has been raised to Rs 5 lakh from Rs 1 lakh. Facts: About Deposit Insurance: Deposit insurance is providing insurance protection of Rs 1 lakh to the depositor’s money by receiving a premium. The government has set up Deposit… Continue reading Budget 2020:Deposit Insurance cover raised to ₹5 lakh
Budget 2020: Govt unveils 16-point action plan to revive agricultural sector
News:Union Finance minister has proposed 16 action points focusing on doubling Farmers income, Horticulture sector, Food storage, Animal Husbandry and Blue economy. Facts: About 16 point Action Plan:The key highlight of the 16-point action plan includes: Help 20 lakh farmers setup standalone solar pumps under PM-KUSUM scheme. Artificial insemination to be increased to 70% from… Continue reading Budget 2020: Govt unveils 16-point action plan to revive agricultural sector
Union Budget 2020:Education and Skill Development
News:The Budget 2020 was presented at the Parliament under three themes. One of the themes is Aspirational India.The Education and Skills is a subtheme under Aspirational India. Facts: Key takeaways in the Education Sector and Skill Development: Under Study in India Programme,IND-SAT exam will be conducted in African and Asian countries for foreign candidates who… Continue reading Union Budget 2020:Education and Skill Development
Economic Survey:Thalinomics
News:The Economic Survey 2019-20 has included a chapter ‘Thalinomics:The economics of a plate of food in India’. Facts: About Thalinomics: The Thalinomics is an attempt to quantify what a common person pays for a ‘thali’(plate of food) in India.It assess whether a ‘thali’ has become more or less affordable over the last few years. As… Continue reading Economic Survey:Thalinomics
