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
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.
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
Explained:What is deposit insurance?
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?
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
