First ever International Cloud computing challenge called the “World Skills India”-International Cloud Computing Challenge, 2019 is being held in India. Ten countries- India along with New Zealand, Belgium, Japan, China, South Korea, Singapore, Russia, Oman and Ireland are participating the cloud computing competition. The finalists would further compete in the 45th “WorldSkills International Competition 2019”,… Continue reading Ist ever International Cloud Computing challenge being held in India
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.
Centre ratifies convention to curb company profit shifting
The Central Government has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting(MLI). The Multilateral Convention is an outcome of the OECD and G20 Project to tackle Base Erosion and Profit Shifting(BEPS Project). The BEPS Project objective is to tackle base erosion and profit shifting where companies… Continue reading Centre ratifies convention to curb company profit shifting
High trading costs impact liquidity of Indian equities: study
According to a study by the World Bank,the turnover ratio of the Indian stock market had fallen from 143 in 2008 to 58 in 2018. The turnover ratio which is a universally accepted parameter to gauge trading volumes,is the total value of the shares traded in a specific period divided by the average market capitalisation… Continue reading High trading costs impact liquidity of Indian equities: study
Fund-starved NBFCs seek dedicated liquidity window
Non-banking finance companies(NBFC) who are under liquidity crunch and high cost of borrowings has asked for short-term and long-term measures from the government and the Reserve Bank of India (RBI). They have asked for a dedicated refinance window for NBFCs’ on the lines of National Housing Bank which provides refinance to housing finance companies. The… Continue reading Fund-starved NBFCs seek dedicated liquidity window
Money in Swiss banks: India ranked 74
According to the data released by the Swiss National Bank(SNB),India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks. Among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five. The top-five countries… Continue reading Money in Swiss banks: India ranked 74
Govt may enhance RBI powers for better supervision of NBFCs
The government is considering a proposal from the Reserve Bank of India(RBI) seeking more powers to improve its regulatory and supervisory mechanism for non-banking financial companies(NBFCs). This proposal came after RBI had called for greater surveillance on large entities in India’s Non-banking financial companies(NBFC) as their failure could lead to losses that are similar to… Continue reading Govt may enhance RBI powers for better supervision of NBFCs
Panel of CMs to suggest sweeping agriculture reforms
The Central government has set up a high powered committee of seven chief ministers led by Maharashtra’s CM as its convenor. The panel will suggest measures to transform Indian agriculture and raise farmers’ income. The Terms of reference(ToR) of the panel include suggestions on modalities for adoption and time-bound implementation of two key model Acts… Continue reading Panel of CMs to suggest sweeping agriculture reforms
New policy to aim to bring e-tailers, brick-and-mortar businesses closer
The Government is considering to bring a national policy on retail trade. This policy is being brought as e-commerce firms are looking to expand into new segments such as groceries alongside penetrate into India’s geography.This will widen the conflict between online retailers and traditional ones. The retail policy is expected to cover different segments and… Continue reading New policy to aim to bring e-tailers, brick-and-mortar businesses closer
Manufacturing PMI dips to 52.1
According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has stood at 52.1 in June,2019 down from the three-month high of 52.7 in May,2019. The manufacturing activity has slowed down due to lesser number of new orders.But the consumer goods was the key source of growth with the sector registering robust increases in… Continue reading Manufacturing PMI dips to 52.1
Core sector growth slows to 5.1%
According to the data released by the commerce and industry ministry, the growth in the eight core sectors has slowed down to 5.1% in May,2019.This growth was lower than the 6.3% seen in April 2019. The slowdown was led by slow growth in the coal and refinery products sector.However,the strongest performer among the eight sectors… Continue reading Core sector growth slows to 5.1%
