The Ministry of Skill Development & Entrepreneurship has launched “Kaushal Yuva Samwad”. Kaushal Yuva Samwaad aims to create a dialogue between the youth and the Ministry. The program is intended to identify and rectify the gaps so that all skill development programs are aligned to the current demands and help in creating a skilled workforce… Continue reading Skill development ministry launches Kaushal Yuva Samwaad
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.
Banks reported 44,016 frauds in last 11 years
According to the data provided by the Finance Ministry,banks have reported 44,016 frauds in the last 11 years since 2008-09.The frauds being considered in the list are those involving ₹1 lakh or more. The ministry said that the government had issued a ‘framework for the timely detection,reporting,investigation relating to large value banks frauds’. The framework… Continue reading Banks reported 44,016 frauds in last 11 years
Parliament adopts resolution levying 200% duty on Pakistani goods
Parliament has adopted a statutory resolution for levying 200% duty on all goods originating in or exported from Pakistan. Statutory Resolution is a resolution in pursuance of a provision in the Constitution or an Act of Parliament. Besides,the resolution related to increasing basic custom duty on lentils, boric acid and diagnostic and laboratory reagents has… Continue reading Parliament adopts resolution levying 200% duty on Pakistani goods
RBI board finalises ‘Utkarsh 2022’
The Reserve Bank of India (RBI) board has finalised a three year roadmap named as Utkarsh 2022. The objective of the policy is to improve regulation and supervision of the central bank. RBI has said that this strategy is in line with the global central banks decision to strengthen the regulatory and supervisory mechanism by… Continue reading RBI board finalises ‘Utkarsh 2022’
SEBI gets teeth to probe new-age cases
The Finance Bill,2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information. The bill has introduced section 15HAA in the SEBI Act.The section states that if a person tampers with information to obstruct or influence an investigation,destroys… Continue reading SEBI gets teeth to probe new-age cases
Financial system has surplus liquidity
Finance Minister and RBI Governor has met for the customary post-budget meeting. The RBI Governor has said that the system has sufficient liquidity and the Union Budget has made provisions to ease the NBFC crisis. In the Budget,the Government has announced a one-time six-month partial credit guarantee window to cover up 10% of losses that… Continue reading Financial system has surplus liquidity
Union Finance Minister Nirmala Sitharaman to address RBI board tomorrow
Finance Minister is scheduled to address the post-budget meeting of the RBI’s central board.She will highlight the key points of the Budget including the fiscal consolidation roadmap. The government has lowered the fiscal deficit target for 2019-20 at 3.3% of GDP from 3.4% set in the Interim Budget presented on February 1, 2019. Fiscal deficit… Continue reading Union Finance Minister Nirmala Sitharaman to address RBI board tomorrow
Raising of FDI in insurance broking to 100% upsets domestic brokers
Finance Minister has proposed a 100% foreign direct investment(FDI) in the insurance intermediaries in the Union Budget 2019. Insurance intermediaries are the backbone of the industry.They help in distribution of insurance policies and also help customers get attractive rates for the products. Insurance intermediaries include insurance brokers, insurance repositories, surveyors and loss assessors and third-party… Continue reading Raising of FDI in insurance broking to 100% upsets domestic brokers
Budget 2019: Defence allocation disappoints military
Union Budget has allocated Rs 3.18 lakh crore for defence.The allocation is estimated to be at around 1.6% of the GDP which experts have said is the lowest since the 1962 war with China. The defence officials has said that the capital expenditure allocated for the Navy and the Indian Air Force(IAF) does not meet… Continue reading Budget 2019: Defence allocation disappoints military
Budget Briefs-10-point Vision for the decade
Finance Minister has flagged ten points of the Government’s ‘Vision for the Decade’: Building physical and social infrastructure; Digital India reaching every sector of the economy; Pollution free India with green Mother Earth and Blue Skies; Make in India with particular emphasis on MSMEs, Start-ups, Defence manufacturing, automobiles, electronics, fabs and batteries, and medical devices;… Continue reading Budget Briefs-10-point Vision for the decade
