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
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.
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
Budget Briefs: Foreign Direct Investment (FDI)
The Finance Minister has said that Foreign Direct Investment(FDI) inflows into India have remained robust despite global headwinds. She stated that according to UNCTAD’s World Investment Report 2019. India’s FDI inflows in 2018-19 remained strong at US$ 64.375 billion marking a 6% growth over the previous year. She has also proposed a 100% foreign direct… Continue reading Budget Briefs: Foreign Direct Investment (FDI)
Budget Briefs:Agriculture
Finance Minister has said that the government will invest widely in agriculture infrastructure and support private entrepreneurship for value addition in farm sector. The government has also proposed a Pradhan Mantri Matsya Sampada Yojana(PMMSY) to establish a robust fisheries management framework and check gaps in the value chain. The government has proposed to increase budget… Continue reading Budget Briefs:Agriculture
Budget Briefs: Government to push ‘One Nation One Card’ to enable seamless mobility
In the Budget speech,the finance minister has hailed the benefits that were provided by National Common Mobility Card(NCMC). National Common Mobility Card (NCMC) also known as One Nation One Card is an inter-operable transport card conceived by the Ministry of Housing and Urban Affairs of the Government of India. The transport card enables the user… Continue reading Budget Briefs: Government to push ‘One Nation One Card’ to enable seamless mobility
Budget Briefs:Government proposes creation of a social stock exchange
Finance Minister has announced the setting up of a Social Stock Exchange(SSE) under the Securities and Exchange Board of India(SEBI) for listing of organisations which work for social welfare. The minister said that the exchange would help social and voluntary organisations which work for social causes to raise capital as equity or debt or a… Continue reading Budget Briefs:Government proposes creation of a social stock exchange
Budget Briefs:Stand-Up India Scheme extended till 2025
Union Minister has said that the Stand Up India Scheme has been extended up to the year 2025. Stand-Up India Scheme Facilitates bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe(ST) borrower and at least one woman borrower per bank branch for setting up a greenfield… Continue reading Budget Briefs:Stand-Up India Scheme extended till 2025
Budget Briefs: RBI can supersede NBFC board
The government has decided to strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs). Finance Minister has said that the RBI will now be the regulator of Housing finance companies(HFC) replacing the National Housing Bank(NHB). According to the Finance Bill,2019,RBI can now remove the director of an NBFC and even… Continue reading Budget Briefs: RBI can supersede NBFC board
