The government has introduced the Code on Occupational Safety, Health and Working Conditions Bill,2019 and the Code on Wages Bill, 2019 in the Lok Sabha. The Code on Wages Bill,2019 aims to simplify the wage and bonus payments rules besides mandating a national minimum wage. The code on Occupational Safety, Health and Working Conditions Code,… Continue reading Labour Bills meets with protest
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.
Rise in government borrowings might have triggered NBFC crisis
RBI Deputy Governor has expressed the possibility that the rise in government borrowings might have led to the asset-liability mismatch in the non-banking financial companies(NBFC) sector. In the case of NBFCs,the ability to borrow long-term comes down when government borrowing rises increasing the risk of financial stability. This has led to the crisis in finance… Continue reading Rise in government borrowings might have triggered NBFC crisis
Cryptocurrency panel for ban on private digital currencies, jail time of up to 10 years
Government had constituted a panel to examine all issues related to cryptocurrencies.The panel has drafted a law,‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’. The panel has said that anybody who mine, hold, transact or deal with cryptocurrencies in any form whether directly or indirectly through an exchange or trading should attract… Continue reading Cryptocurrency panel for ban on private digital currencies, jail time of up to 10 years
China’s NASDAQ style ‘STAR MARKET’
China has launched a new stock market for homegrown technology companies called as Science and Technology Innovation Board or STAR Market.The market is modelled after a NASDAQ system. According to the regulations,red-chip companies which means Chinese based firms incorporated and listed outside China are allowed to be listed on the STAR market. The STAR Market… Continue reading China’s NASDAQ style ‘STAR MARKET’
Piyush Goyal holds ‘marathon’ of consultations with industry players ahead of RCEP meet
Commerce and Industry minister has met industry bodies to review issues that India would need to keep in mind when continuing deliberations on the Regional Comprehensive Economic Partnership (RCEP) in China. The associations has said that industries are apprehensive of India signing RCEP because of fears that China will use it to enter and dominate… Continue reading Piyush Goyal holds ‘marathon’ of consultations with industry players ahead of RCEP meet
India will achieve 8% plus growth from FY 2020-2021 onwards: NITI Aayog Vice-Chairman
NITI Aayog Vice Chairman has said that India will achieve economic growth of 8% plus from fiscal year 2020-2021. This growth will be achieved as foundation has been laid and the transformation has begun with the passing of structural reforms like the Goods and Services Tax and Insolvency and Bankruptcy Code. He also emphasised that… Continue reading India will achieve 8% plus growth from FY 2020-2021 onwards: NITI Aayog Vice-Chairman
Govt. must reduce borrowing by divesting stake in PSEs: Acharya
According to Reserve Bank of India Deputy Governor,an increase in government borrowing runs the risk of flooding the debt market which will make it expensive for companies to borrow. He said that the disinvestment in public sector enterprises(PSEs) would help in alleviating the effects of the government’s borrowing in the country. He also said serious… Continue reading Govt. must reduce borrowing by divesting stake in PSEs: Acharya
Kerala to set up nation’s first Space Systems Park
The Kerala government will set up the country’s first Space Systems Park at the upcoming Knowledge City in Thiruvananthapuram, kerala.The project will be implemented by the State Government’s Electronics and IT Department. The facility will seek to attract global start-ups working in the space sector and also make it as a major manufacturing hub for… Continue reading Kerala to set up nation’s first Space Systems Park
Government to roll out big push for infrastructure
India has decided to organize an annual global investors meet in the country similar to the World Economic Forum(WEF) in Davos. The idea for holding a summit is being mooted at a time the government is looking to attract more investments from overseas.This will spur economic growth and generate more jobs. India also wants to… Continue reading Government to roll out big push for infrastructure
Overseas bonds: Major advantages in raising long term funds, says NITI VC Rajiv Kumar
Finance Minister has announced in the Budget that it plans to raise a portion of its gross borrowing from overseas markets using sovereign bonds. A government bond or sovereign bond is a form of debt that the government undertakes wherein it issues bonds with the promise to pay periodic interest payments and also repay the… Continue reading Overseas bonds: Major advantages in raising long term funds, says NITI VC Rajiv Kumar
