News:The Union Cabinet has approved the extension of the term of the 15th Finance Commission setting 30th October,2020 as the new deadline. Facts: About Finance Commission: The Finance Commission is constituted by the President under Article 280 of the Constitution mainly to give its recommendations on distribution of tax revenues between the Union and the… Continue reading Govt. extends 15th finance panel term
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.
Infra spending by States must rise: Crisil
News:The Credit rating agency CRISIL has released its Infrastructure Yearbook 2019. Facts: Key takeaways from the Yearbook: CRISIL has said that states need to scale up investments to Rs 110 lakh crore over the next decade to achieve India’s massive infrastructure targets. The country-wide infrastructure spending required will be Rs 235 lakh crore over the… Continue reading Infra spending by States must rise: Crisil
Reserve Bank flags rising bad assets from Mudra loans
News:The Reserve Bank of India (RBI) has expressed concern over rising bad loans from Pradhan Mantri MUDRA Yojana(PMMY). Facts: About Rising Bad loans in MUDRA Yojana: The RBI Deputy Governor said that MUDRA was launched with the objective of lifting many beneficiaries out of poverty. However,there have been concerns at the growing level of non-performing… Continue reading Reserve Bank flags rising bad assets from Mudra loans
Explained:Nomura’s Food Vulnerability Index(NFVI)
News:According to a report by Nomura Global Market Research, India is ranked 44 out of 110 countries in Nomura’s Food Vulnerability Index. Facts: About Nomura’s Food Vulnerability Index: Nomura is a financial services group with an integrated global network spanning over 30 countries.It is headquartered in Japan. Nomura’s Food Vulnerability Index(NFVI) ranks countries on the… Continue reading Explained:Nomura’s Food Vulnerability Index(NFVI)
Taxation Laws (Amendment) Bill, 2019 introduced in Lok Sabha
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
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
