What is the News? The government of India’s SWAMIH (Special Window for Affordable & Mid-Income Housing) Fund has completed its first residential project in Mumbai. About SWAMIH Fund: Firstly, SWAMIH Fund is a government-backed investment fund set up in the year 2019. Secondly, Purpose: The formation of fund happened to provide relief to developers that… Continue reading “SWAMIH Fund” Completes First Residential Project
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.
Finance Ministry grants “infrastructure status for convention centres”
What is the News? The Finance Ministry has granted infrastructure status for exhibition and convention centres. The expectation from this move is to ease bank financing for such projects. What is Infrastructure Status? The Department of Economic Affairs(DAE), Ministry of Finance will grant the Infrastructure Status. Benefits: The status helps projects in such sectors to… Continue reading Finance Ministry grants “infrastructure status for convention centres”
Unemployment Rate in India Shoots up to 8% in April: CMIE
What is the News? Centre for Monitoring Indian Economy(CMIE) report on unemployment in India has been released. As per the report Unemployment Rate in India is increasing. Key Findings of the Report: Increase in Unemployment rate: The Unemployment rate in India has increased to 8% in April 2021 from 6.5% in March 2021. Unemployment Rate(UER) is… Continue reading Unemployment Rate in India Shoots up to 8% in April: CMIE
World Bank’s “Migration and Development Brief”: India is the top receiver of remittances
What is the News? The World Bank has released a report titled “Migration and Development Brief, 2020”. Key Findings of the Migration and Development Brief: Findings Related to India: Firstly, India has received the highest amount of remittances in 2020. This was followed by China, Mexico, the Philippines, Egypt, Pakistan, France and Bangladesh. Secondly, India’s… Continue reading World Bank’s “Migration and Development Brief”: India is the top receiver of remittances
NITI Aayog’s Report on Creating a “Roadmap for Digitally Inclusive Bharat”
What is the News? NITI Aayog and Mastercard have released a report titled ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’. Purpose of the report: The report identifies challenges in accelerating digital financial inclusion in India. The report also provides recommendations for making digital services accessible to its 1.3 billion citizens. Key Findings… Continue reading NITI Aayog’s Report on Creating a “Roadmap for Digitally Inclusive Bharat”
SEBI’s “Business Responsibility and Sustainability Report” norms mandate ESG overview
What is the News? Securities and Exchange Board of India(SEBI) has issued a circular notifying new disclosure norms on sustainability-related reporting for the top 1,000 listed companies. The new reporting will be called the Business Responsibility and Sustainability Report (BRSR). It will replace the existing Business Responsibility Report (BRR). Background: In 2012, SEBI had introduced… Continue reading SEBI’s “Business Responsibility and Sustainability Report” norms mandate ESG overview
IREDA bags “Green Urja Award”
What is the News? Indian Renewable Energy Development Agency(IREDA) has been conferred with “Green Urja Award”. About Green Urja Award: The Indian Chamber of Commerce(ICC) has launched the Green Urja Award . ICC was founded in 1925. It is a premier body of business and industry in Eastern and North-Eastern India. The award has been… Continue reading IREDA bags “Green Urja Award”
The pandemic won’t impact India’s “credit rating” for 2 years – Standard & Poor(S&P)
What is the News? Standard & Poor’s Global Credit Ratings has organized a webinar titled “What A Drawn Out Second Covid Wave Means For India”. During that, the S&P clarified that the pandemic won’t impact the ‘BBB-‘ rating of India for 2 years. What are the key outcomes of the webinar? An increase in coronavirus… Continue reading The pandemic won’t impact India’s “credit rating” for 2 years – Standard & Poor(S&P)
RBI’s Economic Measures to Tackle 2nd Wave of Covid-19
What is the News? The Reserve Bank of India(RBI) has announced measures to help India to tackle the unprecedented Covid-19 crisis during the second wave. Measures announced by the RBI: On-Tap Liquidity Facility: RBI has opened a Rs 50,000-crore on-tap liquidity window with a tenor of up to three years. Banks can borrow from this… Continue reading RBI’s Economic Measures to Tackle 2nd Wave of Covid-19
SEBI technical group submits report on “Social Stock Exchanges(SSE)”
What is the News? A technical group on Social Stock Exchanges (SSEs), constituted by the Securities and Exchange Board of India (SEBI) has submitted its report. About Social Stock Exchange(SSE): Social Stock Exchange(SSE) is a platform that allows investors to invest in select social enterprises or social initiatives. Social Enterprise is a revenue-generating business. The… Continue reading SEBI technical group submits report on “Social Stock Exchanges(SSE)”
