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
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.
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
World Gold Council report: RBI ranks 6th in buying gold abroad
News:The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”. Facts: Key takeaways from the report: The Gold has performed the best in 2019.Since 2010 the gold trade in dollars has increased by 18.4% in 2019. The Reserve Bank of India ranks 6th in buying gold abroad.Currently,it holds 625.2 tonnes of gold.This… Continue reading World Gold Council report: RBI ranks 6th in buying gold abroad
CVC releases framework for advisory board for banking and financial frauds
News:The Central Vigilance Commission (CVC) has released a framework for the Advisory Board for Banking and Financial Frauds. Facts: About Advisory Board for Banking Frauds(ABBF): The Advisory Board for Banking frauds will be four-member board.It will be headed by former Vigilance Commissioner T M Bhasin. It will function as the first level of examination of… Continue reading CVC releases framework for advisory board for banking and financial frauds
United Nations World Economic Situation and Prospects(WESP) 2020
News:United Nations(UN) has released its World Economic Situation and Prospects(WESP) 2020. Facts: About WESP Report,2020: The report is released annually by the United Nations Department of Economic and Social Affairs(UN/DESA), the United Nations Conference on Trade and Development(UNCTAD) and the five United Nations regional commissions. Report on Global Economy: The global economy suffered its lowest… Continue reading United Nations World Economic Situation and Prospects(WESP) 2020
Harmonised System of Nomenclature(HSN) code
News:Union Minister of Commerce & Industry has said that no imports will be allowed into the country without HSN code. Facts: Why stricter regulations? The minister said that the free trade agreements(FTA) of India with other countries has not led to the growth of India’s trade because of the poor quality of the products and… Continue reading Harmonised System of Nomenclature(HSN) code
Explained:About India’s fiscal deficit
News:Recently,former Economic Affairs secretary has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. Facts: What is Fiscal Deficit? Fiscal Deficit is the difference between the Revenue Receipts plus Non-debt Capital Receipts (NDCR) and the total expenditure.… Continue reading Explained:About India’s fiscal deficit
Retail inflation at 5-year high of 7.3% in December
News:The retail inflation based on Consumer Price Index(CPI) has reached a five and a half year high of 7.35% in December 2019. Facts: Reasons for rise in retail inflation: The rise in retail inflation is primarily due to increase in Consumer food price inflation to 14.12% in December 2019.This is the highest since 17.89% in… Continue reading Retail inflation at 5-year high of 7.3% in December
