News:Finance Minister has introduced the Taxation Laws (Amendment) Bill, 2019 in the Lok Sabha. Facts: Key features of the bill: Currently, domestic companies with an annual turnover of up to Rs 400 crore pay income tax at the rate of 25%.For other domestic companies, the tax rate is 30%. The bill provides domestic companies with… Continue reading Taxation Laws (Amendment) Bill, 2019 introduced in Lok Sabha
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.
Corporate Social Responsibility undertaken by Oil PSUs
News:Union Minister for Petroleum and Natural Gas has informed Lok Sabha about the initiatives undertaken by Oil PSUs as part of their Corporate Social Responsibility(CSR). Facts: About Corporate Social Responsibility(CSR): Corporate social responsibility(CSR) was initiated through the Companies Act, 2013. The act mandates companies and government organisations with (a)turnover of Rs1,000 crore or more(b)net worth… Continue reading Corporate Social Responsibility undertaken by Oil PSUs
Periodic Labour Force Survey: Quarterly Bulletin
News: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Quarterly Bulletin for the period January- March, 2019. It presents estimates of labour force indicators, for urban areas. Facts: Key takeaways: Labour Force Participation Rate (LFPR) in Current Weekly Status for all ages is estimated as 36% in the urban… Continue reading Periodic Labour Force Survey: Quarterly Bulletin
All about exchange-traded funds
Facts: Exchange-Traded Fund (ETF): An ETF is a fund that comprises a group of stocks that are listed on an exchange and can be simply traded like any other listed security. Usually,ETFs are passive funds where the fund manager doesn’t select stocks on your behalf.The fund simply copies an index and endeavors to accurately reflect… Continue reading All about exchange-traded funds
Central Road and Infrastructure Fund
News:Union Minister for Road Transport and Highways has informed Lok Sabha about the Central Road and Infrastructure Fund. Facts: About Central Road and Infrastructure Fund: The Central Road and Infrastructure Fund which was earlier known as Central Road Fund(CRF) was established under the Central Road Fund Act,2000 The fund is basically a cess imposed along… Continue reading Central Road and Infrastructure Fund
Integrated Skill Development Scheme in the Textile Sector
News:Recently,a meeting was organised under Samarth-Scheme for Capacity Building in Textiles sector(SCBTS) to familiarize the stakeholders about the scheme and its guidelines. Facts: About Samarth-Scheme for Capacity Building in Textiles sector(SCBTS): Samarth is a skill development scheme under the Union Ministry of Textiles. The scheme aims to provide skill development to the youth for gainful… Continue reading Integrated Skill Development Scheme in the Textile Sector
GDP slump will hit $5 tn target, warns NITI Aayog
News:According to NITI Aayog,the road to a $5 trillion economy by 2025 is beset with many speed-breakers. Facts: NITI Aayog on $5 trillion economy by 2025: Niti Aayog said that the nominal GDP growth which is a measure of growth without accounting for inflation has to be at least 12.4% on average if the target… Continue reading GDP slump will hit $5 tn target, warns NITI Aayog
Cabinet approves strategic disinvestment of BPCL,4 other PSUs
News:Union Cabinet chaired by the Prime Minister has approved the strategic disinvestment of BPCL and four other Public Sector Units(PSUs). Facts: About the units for disinvestment:The Public Sector Units approved for strategic disinvestment are Bharat Petroleum Corp Ltd (BPCL).The Numaligarh Refinery Limited operating under BPCL is excluded. Shipping Corporation of India (SCI) Container Corporation of… Continue reading Cabinet approves strategic disinvestment of BPCL,4 other PSUs
Cabinet approves the Industrial Relations Code Bill, 2019
News: The Union Cabinet has approved the Industrial Relations Code Bill, 2019 Facts: Background: Industrial Relations Code Bill, 2019 has been prepared by combining and simplifying relevant provisions of three Central Labour Acts viz. Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947. Key Provisions of the… Continue reading Cabinet approves the Industrial Relations Code Bill, 2019
Puducherry: 29th RCP meeting of Asia Pacific Customs begins
News:India is hosting the World Customs Organization(WCO) Asia Pacific Regional Contact Points(RCP) conference in Puducherry. Facts: About the conference: The conference is being held for the fourth time in India.Previously it was held in Jaipur and Cochin. The conference discussed the key focus areas of the Asia Pacific Region.It includes security, enforcement, facilitation and capacity… Continue reading Puducherry: 29th RCP meeting of Asia Pacific Customs begins
