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
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.
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
Sebi puts in place guidelines for listed REIT, InvIT on rights issue
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
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
