News: Indian Energy Exchange has launched its Real-Time Electricity Market (RTM) platform. Facts: Real-Time Electricity Market(RTM): It is an organized market platform to enable the buyers and sellers pan-India to meet their energy requirement closer to real time of operation. Additional Facts: Indian Energy Exchange(IEX): It is the first energy exchange in India providing a… Continue reading Indian Energy Exchange launches its Real-Time Electricity Market (RTM) platform
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.
Explained: What RBI discontinuing 7.75% saving bonds means to investors
News: Government of India has discontinued the 7.75% savings (taxable) bonds,2018 for subscription. Facts: The 7.75% Savings(Taxable) Bonds,2018 were issued with effect from January,2018. Eligibility: The bonds were available for subscription to resident citizens/Hindu Undivided Family (HUF) to invest in a taxable bond. Investment: The minimum investment in this bond starts at Rs 1,000 with… Continue reading Explained: What RBI discontinuing 7.75% saving bonds means to investors
India records highest ever FDI equity inflow in FY21
News:According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment(FDI) in India grew by 13% to a record of USD 49.97 billion in the 2019-20 financial year. Facts: FDI: It includes automatic route, acquisition route and government route. It has risen 13% to $49.97 billion in… Continue reading India records highest ever FDI equity inflow in FY21
22nd Meeting of the Financial Stability and Development Council (FSDC)
News:Union Minister for Finance has chaired the 22nd Meeting of the Financial Stability and Development Council(FSDC). Facts: Financial Stability and Development Council(FSDC): It is a non-statutory apex level body setup in 2010 on the recommendations of Raghuram Rajan committee(2008). Objectives: To strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting… Continue reading 22nd Meeting of the Financial Stability and Development Council (FSDC)
RBI announces nine additional measures for strengthening the Economy
News:Reserve Bank of India(RBI) has announced several measures for strengthening the Economy in the uncertain times ushered in by the COVID-19 pandemic. Facts: Key measures: Repo Rate: It is the rate at which the RBI lends money to the banks for a short term.It has been reduced by 40 basis points from 4.4% to 4.0%.… Continue reading RBI announces nine additional measures for strengthening the Economy
9th Edition of the Status Paper on Government Debt
News:The Central Government has released the Ninth Edition of the Status Paper on the Government Debt which provides a detailed analysis of the Overall Debt Position of the Government of India. Facts: The Central Government has been bringing-out a Status Paper on Government Debt since 2010-11. Key Takeaways: Central Government’s Debt as a percentage of… Continue reading 9th Edition of the Status Paper on Government Debt
Cabinet approves Special Liquidity Scheme for NBFCs/HFCs
News:Union Cabinet has approved a Special Liquidity Scheme for Non-Banking Financial Companies(NBFCs) and Housing Finance Companies(HFCs) to improve liquidity position of the NBFCs/HFCs. Facts: The Scheme will be administered by the Department of Financial Services. Under the Scheme, a large public sector bank would set up a Special Purpose Vehicle(SPV) to manage a Stressed Asset… Continue reading Cabinet approves Special Liquidity Scheme for NBFCs/HFCs
Cabinet approves Rs 3 lakh cr emergency credit line for MSME
News: Union Cabinet has approved additional funding of up to Rs.3 lakh crore through introduction of Emergency Credit Line Guarantee Scheme(ECLGS) for MSMEs. Facts: Aim: To mitigate the economic distress being faced by about 45 lakh MSMEs by providing them additional funding of up to Rs 3 lakh crore in the form of a fully… Continue reading Cabinet approves Rs 3 lakh cr emergency credit line for MSME
Finance minister releases fifth tranche of economic package
News: Union finance minister has unveiled the fifth and last tranche as part of the Atmanirbhar Bharat Abhiyan(Self-reliant India campaign). Facts: Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA): Government to allocate an additional Rs 40,000 crore for MNREGA.This will help generate nearly 300 crore person days in total and will also help provide more… Continue reading Finance minister releases fifth tranche of economic package
Centre raises borrowing limit of states from 3 pc of GSDP to 5 pc in FY21
News: The Central Government has increased the borrowing limit of states from 3% of gross state domestic product (GSDP) to 5%. Facts: Key Facts: States have so far borrowed only 14% of the 3% of GSDP limit which is authorised to them while 86% of the limit remains unutilized.However,the limit of states has now been… Continue reading Centre raises borrowing limit of states from 3 pc of GSDP to 5 pc in FY21
