News: The Economic Survey for 2019-2020 will be tabled in Parliament on Friday (January 31). Facts: About the Economic Survey It is a report the government presents on the state of the economy in the past one year, the key challenges it anticipates, and their possible solutions. It is prepared by the Economic Division of… Continue reading Explained: What is Economic Survey, and why is it important?
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.
Assam tops in the budgetary practices survey
News:The Transparency International has conducted a survey to analyse the best practices followed by the states in the Budget Formulation. Facts: About the survey: The survey was based on 4 parameters a) public disclosure b) budgetary process c) post-budget fiscal management and d) efforts to make the budget more transparent and citizen-friendly. Key takeaways from… Continue reading Assam tops in the budgetary practices survey
Explained:Manufacturing Sector
News:Experts have suggested that India’s unemployment crisis can only be solved by boosting the manufacturing sector. Facts: About Manufacturing Sector: Manufacturing Industry in India has gone through various phases of development over a period of time. Since independence in 1947, the domestic manufacturing sector has traveled from building the industrial foundation in 1950’s and early… Continue reading Explained:Manufacturing Sector
Fiscal marksmanship
News:The Government of India’s decision in 2017 to advance the presentation of the Union Budget by February has led to India’s fiscal marksmanship being questioned. Facts: About Fiscal marksmanship: Fiscal marksmanship essentially refers to the accuracy of the government’s fiscal forecasts such as revenues, expenditure among others. In the Indian context,the term gained popularity after… Continue reading Fiscal marksmanship
New Resolution Authority in works to curb failure of large financial institutions
News:Finance ministry is planning to setup a Resolution authority to curb failure of large financial institutions. Facts: About the Resolution authority: The Resolution authority aims to address the issue of insolvency of firms in the financial sector. The authority would comprise of members from financial sector regulators as well as senior government officials as its… Continue reading New Resolution Authority in works to curb failure of large financial institutions
India joins Reskilling Revolution Initiative at World Economic Forum as a Founding Member
News:India has joined as a founding government member the World Economic Forum’s Reskilling Revolution Initiative. Facts: About Reskilling Revolution Initiative: The initiative aims to future-proof workers from technological change and help economies by providing new skills for the Fourth Industrial Revolution. It targets to provide one billion people with better education, skills and jobs by… Continue reading India joins Reskilling Revolution Initiative at World Economic Forum as a Founding Member
Sebi puts in place guidelines for listed REIT, InvIT on rights issue
News:The Securities and Exchange Board of India(SEBI) has announced guidelines pertaining to rights issue of units by listed real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Facts: Key features of the guidelines: The issuer will have to disclose objects of the issue, related-party transactions, valuation, financial details, review of credit rating and the… Continue reading Sebi puts in place guidelines for listed REIT, InvIT on rights issue
Govt sets up National Startup Advisory Council
News:Government has set up the National Startup Advisory Council to advise the government on nurturing the culture of innovation among the citizens. Facts: About National Startup advisory Council: National Startup Advisory Council was formed with an aim to drive sustainable economic growth and generate employment opportunities. Composition of the Council: The Council will be chaired… Continue reading Govt sets up National Startup Advisory Council
World Economic Outlook Report:IMF
News:The International Monetary Fund(IMF) has released its World Economic Outlook report. Facts: Report on Global Growth: The report has reduced its global growth projection to 2.9 percent in 2019, 3.3 percent in 2020 and 3.4 percent for 2021. The global growth forecasts has been reduced due to sharper than expected slowdowns in India and other… Continue reading World Economic Outlook Report:IMF
Global Investment Trend Monitor report:UNCTAD
News:United Nations Conference on Trade and Development(UNCTAD) has released the Global Investment Trend Monitor report. Facts: Key takeaways from the report: The global foreign direct investment(FDI) remained flat in 2019 at $1.39 trillion a 1% decline from a revised $1.41 trillion in 2018. These investments came in the backdrop of weaker macroeconomic performance and policy… Continue reading Global Investment Trend Monitor report:UNCTAD
