The government has laid out a blueprint for a substantial boost in India’s infrastructure.A key element of that is the upgrade of Indian Railways. However,the Finance Minister has accepted that the government did not have the fiscal space to make the kind of heavy investments that are required to modernise the Railways. As modernising railways… Continue reading Railway roadmap: Govt to invite private players to run routes
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.
Modi 2.0 sets fast pace in 1st 50 days: Report card
The government has underlined its priorities in the first 50 days of its second term.It has aimed towards making India a $5 trillion economy and hitting the ground running on spurring growth. The Union Budget has outlined the roadmap for the $5trillion economy and doubling the farmer’s income. The budget talked of (a)electric vehicles (b)mission… Continue reading Modi 2.0 sets fast pace in 1st 50 days: Report card
Govt. in talks with foreign lenders for loans to SMEs
The Indian government is in talks with foreign lenders to provide credit to millions of small and medium enterprises(SME). This step is being taken after state owned banks have not been able to drive increased lending because they are burdened with more than $145 billion in bad loans.This has led to a severe credit squeeze… Continue reading Govt. in talks with foreign lenders for loans to SMEs
Simplify procedures to attract vendors: Piyush Goyal to GeM officials
Commerce and Industry Minister has asked officials of the Government e-Marketplace(GeM) to simplify the public procurement portal’s procedures. The government aims to achieve Rs 1 lakh crore in GeM’s gross merchandise volume in 2019-20. The minister has suggested measures such as (a)incentives for ministries procuring products and services through GeM (b)bringing in technical experts for… Continue reading Simplify procedures to attract vendors: Piyush Goyal to GeM officials
Centre raises over Rs 10,000 crore on net basis via CPSE ETF
The Central Government has raised over Rs 10,000 crore on a net basis from the 5th further fund offer(FFO) of the Central Public Sector Enterprises(CPSE) Exchange Traded Fund(ETF). The government aims to raise Rs 1.05 lakh crore through disinvestment in 2019-20 up from Rs 85,000 crore raised last fiscal.Disinvestment is defined as the action of… Continue reading Centre raises over Rs 10,000 crore on net basis via CPSE ETF
Centre rejects SEBI plea to amend provision for transferring reserves
The Finance Ministry has refused to accept the request from the Securities and Exchange Board of India(SEBI) to amend the provision that mandates transferring 75% of the market regulator’s surplus funds to the central government. SEBI had written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market… Continue reading Centre rejects SEBI plea to amend provision for transferring reserves
RBI Governor, state-run bank CEOs discuss slow rate transmission
The Reserve Bank of India Governor has discussed the issues of banking sector with the officials of Public sector banks(PSBs) and Indian Banks Association(IBA). During the meeting,the issue of less than desired level of transmission of monetary policy rates was discussed with the banks.Even though the RBI has cut the Repo rate by 75 basis… Continue reading RBI Governor, state-run bank CEOs discuss slow rate transmission
Transmission sector needs ₹5 lakh crore investment for future needs
Confederation of Indian Industry(CII) has said that India’s vision of a 5 trillion-dollar economy will require an estimated investment of Rs 5 lakh crore in the transmission sector over the next few years. CII said that India will be consuming 1.8 trillion units by 2025 as India’s growth trajectory accelerates and this requires large investments… Continue reading Transmission sector needs ₹5 lakh crore investment for future needs
SEBI opposes Centre’s proposal to transfer surplus money to CFI
Securities and Exchange Board of India(SEBI) has written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market regulator’s surplus funds to the central government SEBI said that the proposal would result in compromising its autonomy and its ability to function effectively towards the progress and development of… Continue reading SEBI opposes Centre’s proposal to transfer surplus money to CFI
Cabinet okays amendments to bankruptcy code
The Union Cabinet has approved the Insolvency and Bankruptcy Code (Amendment) Bill,2019. The bill places greater emphasis on time-bound resolution and laying down voting rules of the financial creditors. The amendment provides that the resolution process has to be completed within 330 days including litigations and other judicial process.Presently,the resolution plan for an insolvent company… Continue reading Cabinet okays amendments to bankruptcy code
