News:A Pilot Project for ushering in ‘Industry 4.0’ in the railways has been launched at the Modern Coach Factory (MCF), Raebareli. Facts: About the project: The pilot project would be undertaken under the aegis of “Technology Mission for Indian Railways(TMIR). It would be implemented by a consortium of Ministry of Railways, Ministry of Human Resource… Continue reading Industry 4.0
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.
Prompt Corrective Action (PCA)
What is Prompt corrective action(PCA)? PCA is a framework under which banks with weak financial metrics are put under watch by the RBI. The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for banks that become undercapitalised due to poor asset quality, or vulnerable due to loss of profitability. These regulations… Continue reading Prompt Corrective Action (PCA)
Trade and Development Report 2019
News:United Nations Conference on Trade and Development(UNCTAD) has released its Trade and Development Report 2019. Facts: About the report: The report has recommended for the adoption of a unitary taxation system for Multinational Enterprises(MNEs). This approach is needed as the current international corporate taxation norms consider affiliates of MNEs as independent entities and treat taxable… Continue reading Trade and Development Report 2019
World Digital Competitiveness Rankings
News:The World Digital Competitiveness Ranking(WDCR) 2019 report has been released. Facts: About World Digital Competitiveness report: The report has been prepared by the International Institute for Management Development(IMD) World Competitiveness Center. It measures the capacity and readiness of 63 nations to adopt and explore digital technologies as a key driver for economic transformation in business,… Continue reading World Digital Competitiveness Rankings
Bharat-22 ETF
News: Government has decided to launch the fourth tranche of Bharat-22 Exchange traded fund(ETF) on October 3,2019. Facts: What are Exchange traded fund(ETF)? Exchange Traded Funds (ETF) are index funds that are listed and traded on stock exchanges just like regular shares. They are a basket of stocks with assigned weights that reflect the composition… Continue reading Bharat-22 ETF
Financial Stability and Development Council(FSDC)
News:The sub-committee of the Financial Stability and Development Council (FSDC) has met to discuss measures to promote interest and competition in stressed asset markets. Facts: About FSDC: The Financial Stability and Development Council(FSDC) was set up by the Government as the apex level forum in December 2010.It is not a statutory body. The objective of… Continue reading Financial Stability and Development Council(FSDC)
Economic Advisory Council
News:Government of India has reconstituted the Economic Advisory Council to the Prime Minister(EAC-PM) for a period of two years with effect from 26th September 2019. Facts: About EAC-PM: Economic Advisory Council to the Prime Minister(EAC-PM) is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime… Continue reading Economic Advisory Council
ADB cuts India’s GDP growth forecast to 6.5% for FY20
News:Asian Development Bank has released an update to its flagship Asian Development Outlook,2019. Facts: Key takeaways from the report: The report has slashed India’s growth forecast for fiscal 2019-20 to 6.5% from 7% projected in July,2019. The growth was lowered due to slowdown in consumption and investment activities that hit manufacturing and service sectors. ADB… Continue reading ADB cuts India’s GDP growth forecast to 6.5% for FY20
SEBI sets up panel to suggest norms for social stock exchanges
News:Securities and Exchange Board of India(SEBI) has constituted a working group on Social Stock Exchanges (SSE). Facts: In Budget 2019,Finance Minister had proposed a social stock exchange for social enterprises and voluntary organisations working for social welfare to help them raise capital through debt, equity and mutual fund. About the working group: The working group… Continue reading SEBI sets up panel to suggest norms for social stock exchanges
Digital Payment Abhiyan
News:Nasscom’s Data Security Council of India(DSCI) has collaborated with Union Ministry of Electronics and IT (MeitY) and Google India to launch ‘Digital Payment Abhiyan’. Facts: About Digital payment abhiyan: The campaign aims at increasing awareness about cashless payment, educate end-users on the benefits of making digital payments, online financial security and urge them to adopt… Continue reading Digital Payment Abhiyan
