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.

Govt launches BHIM 2.0 with new functionalities, additional language support

News:Union Minister of Electronics and Information Technology (MeiTY) has launched BHIM 2.0 with additional features. Facts: About BHIM: Bharat Interface for Money(BHIM) is Unified Payments Interface(UPI) based payment interface application that allows real time fund transfer The app has been launched in 2016.It was developed by the National Payments Corporation of India (NPCI). The BHIM… Continue reading Govt launches BHIM 2.0 with new functionalities, additional language support

RBI Deputy Governor post vacant for 3 months

News:The Reserve Bank of India (RBI) Deputy Governor post who is in-charge of Monetary Policy has been vacant since 3 months. Facts: About Reserve Bank of India(RBI): The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act,1934. The Reserve Bank’s affairs are… Continue reading RBI Deputy Governor post vacant for 3 months

Government appoints 3 new members to PMEAC

News:Government of India has reconstituted the Economic Advisory to the Prime Minister.It has added three more part-time members to the advisory bodies council. 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 Minister. Terms… Continue reading Government appoints 3 new members to PMEAC

Monetary policy committee sees further slowdown in growth

News:The Reserve Bank of India(RBI) has released the minutes of the monetary policy committee (MPC) meeting. Facts: In its fourth Bi-monthly policy review,the Reserve Bank of India’s(RBI) Monetary Policy Committee(MPC) has reduced the interest rates by 25 basis points to 5.15 % from 5.40 %. Key takeaways from the MPC meeting: All the six members… Continue reading Monetary policy committee sees further slowdown in growth

India Innovation Index

News:NITI Aayog with Institute for Competitiveness as the knowledge partner has released the India Innovation Index 2019. Facts: About India innovation index: The index examines the innovation ecosystem of Indian states and union territories.  The index has been developed on the lines of the Global Innovation Index(GII).It is expected to help the innovation ecosystem of… Continue reading India Innovation Index

Asia-Pacific Trade and Investment Report

News:The Asia-Pacific Trade and Investment Report 2019 has been released. Facts: About the report: The report has been published by the United Nations Economic and Social Commission for Asia and the Pacific(ESCAP) and the United Nations Conference on Trade and Development(UNCTAD). The report provides information on developments in (a)intra- and inter-regional trade in goods and… Continue reading Asia-Pacific Trade and Investment Report

20th Livestock Census

News: The 20th Livestock Census has been released. Facts: Key takeaways: The total Livestock population is 535.78 million in the country showing an increase of 4.6% over Livestock Census-2012 Total Bovine population (Cattle, Buffalo, Mithun and Yak) is 302.79 Million in 2019 which shows an increase of about 1% over the previous census. The total… Continue reading 20th Livestock Census

DPIIT launches website and mobile app for IPR

News:Department for Promotion of Industry and Internal Trade(DPIIT) has launched the website and mobile application L2Pro India on Intellectual Property Rights (IPRs). Facts: About L2Pro: L2 Pro stands for Learn to Protect, Secure and Maximize Your Innovation. The website and app have been developed by Cell for IPR Promotion and Management(CIPAM) in collaboration with Qualcomm… Continue reading DPIIT launches website and mobile app for IPR

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