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.

MSDE launches Mahatma Gandhi National Fellowship programme in Bengaluru

News:The Union Minister for Skill Development has launched the Mahatma Gandhi National Fellowship(MGNF) programme in the Indian Institute of Management (IIM),Bengaluru. Facts: About MGNF Programme: It has been launched as part of the Skills Acquisition and Knowledge Awareness for Livelihood Promotion(SANKALP) Programme. Aim:To address the challenge of non-availability of personnel for implementation of various programmes… Continue reading MSDE launches Mahatma Gandhi National Fellowship programme in Bengaluru

North East Venture Fund(NEVF)

News:The Government has informed the Parliament that North East Venture Fund(NEVF) has disbursed over Rs.18 crore to 12 start-ups till February,2020. Facts: About NEVF: Launched in 2017 by the North Eastern Development Finance Corporation Limited(NEDFi) in association with the Ministry of Development of North Eastern Region(M-DoNER). Aim:To contribute to the entrepreneurship development of the NER… Continue reading North East Venture Fund(NEVF)

Female Labour-force in India Down from 34% to 24%:UN Study

News:United Nations Global Compact(UNGC) has released a study on women’s participation in India’s labour force. Facts: Key Highlights of the Study: India is the only country among the 153 surveyed countries where the economic gender gap is larger than the political gap. Female labour-force participation in India has declined from 34% in 2006 to 24.8%… Continue reading Female Labour-force in India Down from 34% to 24%:UN Study

Govt approves amendments to Companies Act

News:The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019. Facts: Key Provisions of the Bill: It amends the Companies Act to enable listing of Indian firms on foreign stock exchanges. It decriminalises several existing compoundable offences under the companies Act,2013 to promote ease of doing business. It ensures that companies which have an… Continue reading Govt approves amendments to Companies Act

Central Government rolls out LLP settlement scheme

News:The Centre has introduced a new scheme named LLP Settlement Scheme 2020. Facts: About the Scheme: It aims to help non-compliant Limited Liability Partnership(LLP) firms turn compliant and enable ease of doing business for such entities. Under the Scheme,the Government provides a one-time relaxation in additional fee to the defaulting LLPs by allowing filing of… Continue reading Central Government rolls out LLP settlement scheme

Project Monitoring Group(PMG) Portal

News:Minister of Commerce & Industry has chaired a meeting for the review of infrastructure projects on the Project Monitoring Group(PMG) Portal. Facts: About PMG Portal: Project Monitoring Group (PMG) is an institutional mechanism of the Department of Promotion of Industry and Internal Trade (DPIIT),Ministry of Commerce and industry. It aims to facilitate issue resolution in… Continue reading Project Monitoring Group(PMG) Portal

Meeting held to review MSME key Schemes Generating Employment

News:The Ministry of Micro, Small & Medium Enterprises(MSMEs) held a meeting to review some of the key schemes such as Prime Minister’s Employment Generation Programme(PMEGP) and Credit Guarantee Fund Trust for Micro and Small Enterprises(CGTMSE). Facts: About PMEGP: It is a credit-linked subsidy scheme launched in 2008-09 by the Ministry of MSME. Aim:To promote self-employment… Continue reading Meeting held to review MSME key Schemes Generating Employment

Finance minister launches EASE 3.0 for tech-enabled banking

News:The Finance Minister has launched Enhanced Access and Service Excellence (EASE 3.0). Facts: About EASE: EASE are a set of banking reforms which aims to incorporate technological aids for ensuring better banking experience, wider financial inclusion and easier credit distribution. About EASE 3.0: EASE 3.0 aims to provide advanced solutions that will make the public… Continue reading Finance minister launches EASE 3.0 for tech-enabled banking

Masala Bonds

News:Asian Development Bank (ADB) has listed its 10-year masala bonds worth Rs 850 crore on the global debt listing platform of India INX. Facts: About Masala Bonds: Masala Bonds are rupee-denominated borrowings issued by Indian entities in overseas markets. The objective of Masala Bonds is to fund infrastructure projects in India, fuel internal growth via… Continue reading Masala Bonds

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