News:Recently,the failure of the Punjab and Maharashtra Co-operative(PMC) Bank has reignited the debate on the low level of insurance against the deposits held by customers in Indian banks. Facts: What is the insurance cover provided currently? Currently,in case of a bank collapse,a depositor can claim an amount up to a maximum of ₹ 1 lakh… Continue reading Explained:What is deposit insurance?
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.
India ranks 59 on IMD World Talent Ranking Report
News:The IMD World Talent Ranking- 2019 has been released. Facts: About IMD World Talent Ranking: The World Talent Ranking is released by the International Institute for Management Development (IMD) based in Switzerland. The ranking is based on the performance in three main categories namely investment and development, appeal and readiness. The three categories assess how… Continue reading India ranks 59 on IMD World Talent Ranking Report
Explained: Why Morgan Stanley sees India’s growth recovering next year
News:Morgan Stanley has released the Global Macro Outlook report. Facts: What does the report say? The report has stated that the global economy is likely to recover starting with the first quarter of 2020. The trade tensions and monetary policy are easing concurrently for the first time in seven quarters, lifting global growth. However,they have… Continue reading Explained: Why Morgan Stanley sees India’s growth recovering next year
Skills study: Over next 5 years, just 1 in 5 entrants to labour force a woman
News:According to a study conducted by the National Skills Development Corporation (NSDC),just one out of five persons in the 15-30 years age bracket entering the labour force is expected to be a female in the five years ending 2023. Facts: About the study: The NSDC has projected trends in the country’s labour market potential during… Continue reading Skills study: Over next 5 years, just 1 in 5 entrants to labour force a woman
Indian Steel Association to organise ISA – Steel Conclave 2019
News:The Indian Steel Association supported by the Ministry of Steel, is organising the second Edition of ISA – Steel Conclave in New Delhi. Facts: About the conclave: The conclave is a premier platform for the entire Steel Ecosystem and the related sectors to gain valuable insights in the Stell industry. The conclave would cover pertinent… Continue reading Indian Steel Association to organise ISA – Steel Conclave 2019
Company Law Committee-2019 submits its report to Finance Minister
News:The Company Law Committee which was constituted by the Ministry of Corporate Affairs has submitted its report. Facts: About the company law committee: Government of India had constituted the company law committee for examining and making recommendations on various provisions and issues related to implementation of the Companies Act. The committee consists of 11-members which… Continue reading Company Law Committee-2019 submits its report to Finance Minister
SC stays SAT order holding that Sebi lacks power to bar auditors
News:The Supreme Court stayed an order of the Securities Appellate Tribunal (SAT) which had held that markets watchdog Sebi does not have the power to bar auditors. Facts: Background: The Securities and Exchange Board of India(SEBI) had filed an appeal in the Supreme Court against the SAT’s order. The Securities Appellate Tribunal(SAT) in its order… Continue reading SC stays SAT order holding that Sebi lacks power to bar auditors
Initial draft industrial policy targets $1 trillion gross value addition in manufacturing by 2025
News:The Department for Promotion of Industry and Internal Trade(DPIIT) has released the initial draft industrial policy. Facts: Background: This will be the third industrial policy after the first in 1956 and the second in 1991. The new industrial policy will replace the industrial policy of 1991 which was prepared in the backdrop of the balance… Continue reading Initial draft industrial policy targets $1 trillion gross value addition in manufacturing by 2025
India fares better than China in global bribery risk matrix
News:The Trace Bribery Matrix,2019 has been released by TRACE, a US based organisation. Facts: About the Trace Bribery Matrix: TRACE is a US based organisation which provides ranking to various countries in terms of the risk of bribery companies face in doing business in those countries. The Matrix evaluates 200 countries countries under four parameters… Continue reading India fares better than China in global bribery risk matrix
NCDEX ties up with NSE Indices to launch AGRIDEX
News:The National Commodity and Derivatives Exchange(NCDEX) has tied up with National Stock Exchange(NSE) to launch India’s first agri index ‘NCDEX Agridex’. Facts: About Agridex: The index represents a basket of ten commodities that are selected based on both liquidity and its importance in Indian and global commodities market. The index will be made tradable after… Continue reading NCDEX ties up with NSE Indices to launch AGRIDEX
