News:The Economic Survey has suggested the use of a ‘health score’ index for non-banking finance companies(NBFCs). Facts: About Health Score Index: The proposed Health Score Index will aim to provide an early warning signs for liquidity crisis in a non-banking finance company(NBFC) to tackle the problem of financial fragility. The Index will use key financing… Continue reading Economic Survey suggests ‘dynamic health index’ for NBFCs to ensure crisis alert
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.
Funding National Infra Pipeline would be a ‘challenge’: Economic Survey 2019-20
News:According to Economic Survey,funding of the Rs 102 lakh crore National infrastructure pipeline(NIP) unveiled by the Indian government would be a challenge. Facts: About National infrastructure pipeline(NIP): Government had constituted a task force headed by Secretary, Department of Economic Affairs to draw up a National Infrastructure Pipeline(NIP) from 2019-20 to 2024-25. The task force has… Continue reading Funding National Infra Pipeline would be a ‘challenge’: Economic Survey 2019-20
First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2018-19
News: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2018-19. Facts: Key Highlights: Gross Domestic Product: Nominal GDP or GDP at current prices for the year 2018-19 is estimated as ₹ 189.71 lakh… Continue reading First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2018-19
Economic Survey 2019-2020: service Sector in India
News: The Economic Survey 2019-2020 has said that the services sector’s significance in the Indian economy has continued to increase. Facts: Key Facts: Contribution of Service Sector to the Indian Economy: 55% of the total size of the economy and GVA growth, Two-thirds of total FDI inflows into India 38% of total exports Performance of… Continue reading Economic Survey 2019-2020: service Sector in India
Explained: What is Economic Survey, and why is it important?
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?
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
