News:Union Commerce minister has inaugurated the NSE Knowledge Hub. Facts: About NSE Knowledge Hub: The ‘NSE Knowledge Hub’ is an Artificial Intelligence(AI) powered learning ecosystem. The platform has been developed by NSE Academy, a wholly-owned subsidiary of the National Stock Exchange(NSE). This platform seeks to assist the banking, financial, securities and insurance (BFSI) sector in… Continue reading NSE launches AI-powered learning platform NSE Knowledge Hub
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.
National Pension Scheme for traders fails to gain traction
News:The National Pension Scheme for traders also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana has failed to gain traction among the traders. Facts: The Government has set a target of 50 lakh enrolment by the end of March 2020.However,only 25,000 persons have applied so far. Among all states Uttar Pradesh has the highest number… Continue reading National Pension Scheme for traders fails to gain traction
Open Acreage Licensing Programme (OALP)
News: Ministry of Petroleum and Natural Gas signed contracts for 7 blocks, awarded under Open Acreage Licensing Programme (OALP) Bid Round – IV. Facts: Open Acreage Licensing Programme (OALP): Launched in 2016, OALP, is a part of Hydrocarbon Exploration and Licensing Policy (HELP). It is aimed at enabling faster survey and assessment of areas with… Continue reading Open Acreage Licensing Programme (OALP)
RBI launches mobile app MANI
News: The Reserve Bank of India (RBI) has launched a mobile app called MANI’ (Mobile Aided Note Identifier) Facts: About MANI’ (Mobile Aided Note Identifier) It seeks to aid visually impaired persons in identifying the denomination of currency notes. It can scan currency notes using the camera of the mobile phone and gives audio output… Continue reading RBI launches mobile app MANI
Finance Minister unveils ₹102 lakh crore national infrastructure plan
News:Finance Minister has released a report of task force on National Infrastructure on Pipeline(NIP) 2019-2025. Facts: About National Infrastructure on Pipeline(NIP) Task force: The Central Government had constituted a task force to draw up a National Infrastructure Pipeline(NIP) from 2019-20 to 2024-25. The Task Force has been chaired by the Secretary, Department of Economic Affairs,Ministry… Continue reading Finance Minister unveils ₹102 lakh crore national infrastructure plan
Telangana Industrial Health Clinic to spread wings
News:The Telangana Industrial Health Clinic Ltd, an initiative of the Telangana State government has decided to extend its services at pan India level. Facts: About Telangana Industrial Health Clinic Ltd: Telangana Industrial Health Clinic Ltd was established in 2018 as a fintech Non-Banking Finance Company(NBFC). It is a diagnostic and curative initiative for Micro and… Continue reading Telangana Industrial Health Clinic to spread wings
Current account deficit improves to 0.9% of GDP in July-September quarter, says RBI
News:According to Reserve Bank of India data,India’s current account deficit (CAD) has narrowed to 0.9% of GDP($ 6.3 billion). Facts: The contraction in the current account deficit(CAD) was primarily on account of a lower trade deficit at USD 38.1 billion as compared to USD $50 billion a year ago. The private transfer receipts mainly representing… Continue reading Current account deficit improves to 0.9% of GDP in July-September quarter, says RBI
Finance Minister launches ‘eBkray’ online auction platform for assets attached by banks
News:Union Finance Minister has launched an eBkray or eBक्रय which is a common e-auction platform. Facts: About the eBkray platform: The eBkray platform enables the online auction of the attached assets transparently and cleanly for the improved realization of value by the Public Sector banks(PSBs). The platform is equipped with property search features and navigational… Continue reading Finance Minister launches ‘eBkray’ online auction platform for assets attached by banks
MOSPI constitutes committee on economic statistics
News:The Ministry of Statistics and Programme Implementation(MOSPI) has constituted a Standing Committee on Statistics(SCES). Facts: Background: The committee has been constituted after several economists had expressed concern over political interference in influencing statistical data in India. They had called for restoration of institutional independence and integrity to the statistical organisations. About the committee: The committee… Continue reading MOSPI constitutes committee on economic statistics
RBI directs large co-op banks to report all exposures above Rs.5 crore
News:The Reserve Bank of India(RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits(CRILC). Facts: About CRILC: The Reserve Bank of India has created a CRILC of commercial banks, certain Non-Banking Financial Companies (NBFCs) and All India Financial Institutions(AIFIs). CRILC collects,… Continue reading RBI directs large co-op banks to report all exposures above Rs.5 crore
