According to a report by UNESCO, women remains considerably under-represented across STEM (science, technology, engineering and maths) studies and careers. The report says that globally only 29% of those in science research and development are women with a lowest in south and west Asia at 19% and the highest in central Asia with 48%. The… Continue reading Women still under-represented in science, tech
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.
Copper, aluminium sectors may get raw deal if India joins RCEP, warn producers
Ahead of the Regional Comprehensive Economic Partnership (RCEP) meeting,the Aluminium Association of India(AAI) has written to the Government seeking protection from cheap imports. The AAI has said that if India joins the RCEP then such a move would pave the way for zero duty on imports of copper and aluminium which would cripple the domestic… Continue reading Copper, aluminium sectors may get raw deal if India joins RCEP, warn producers
No GST at duty-free shops: HC
Recently,the Allahabad high court has ruled that there shall be no Goods and Services tax(GST) levied in case of purchases made at duty free stores at the arrival or departure terminals. The court held that tax will not be levied as the goods has not crossed the customs border and passengers carry the items as… Continue reading No GST at duty-free shops: HC
Panel submits a report on reducing oil import dependency
A High-Level Committee constituted by the government has submitted its recommendations to bring down India’s dependence on crude oil imports. The committee was formed to look into issues related to (a)research and development centres of oil and gas public sector undertakings(PSUs) (b)tax issues and ways of benefiting from the goods and services tax (GST) and… Continue reading Panel submits a report on reducing oil import dependency
Finance Ministry begins pre-Budget discussions
The finance ministry has begun the pre-Budget consultation exercise with industry bodies in the run-up to the full budget to be unveiled by the new government in July,2019. Recently,the finance Minister had presented the Interim Budget on 1st February 2019. An interim Budget or vote on account means that the government seeks the approval of… Continue reading Finance Ministry begins pre-Budget discussions
CCI probing if Maruti forced its dealers to limit their discounts
The Competition Commission of India(CCI) is looking into allegations against Maruti Suzuki for resorting to anti-competitive practices. The allegation is that Maruti Suzuki has forced its dealers to limit the discounts they offer which had effectively stifled the competition among the dealers.It had also harmed the consumers who could have benefited from lower prices if… Continue reading CCI probing if Maruti forced its dealers to limit their discounts
Co-location: NSE knocks on SAT’s door
National Stock Exchange of India(NSE) has challenged co-location orders of the Securities and Exchange Board of India(Sebi) before Securities Appellate Tribunal(SAT). The order was challenged on the grounds that it is unsustainable, arbitrary and disproportionate order.NSE has alleged that Sebi orders have not shown that any trading member got any advantage because of preferential access.… Continue reading Co-location: NSE knocks on SAT’s door
UN lowers India’s FY20 GDP growth forecast
United Nations(UN) in its World Economic Situation and Prospects (WESP) report has lowered India’s GDP growth in 2019-20 to 7.1% from its estimate of 7.5%.It was due to overall slowdown in global growth. The report has said that despite the downward revisions, India still remains the fastest growing major economy in the world ahead of… Continue reading UN lowers India’s FY20 GDP growth forecast
RBI to create regulatory cadre
The Reserve Bank of India(RBI) Central board has decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies. The RBI’s decision to create a specialised regulatory cadre is important in light of increasing complexity of the regulated… Continue reading RBI to create regulatory cadre
Govt plans introducing artificial intelligence system in MCA 21 portal
The government has decided to introduce artificial intelligence system in the MCA21 portal-an e-Governance initiative of Ministry of Company Affairs (MCA) This will make the compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis. The main focus of the government will be to rationalise all the forms and… Continue reading Govt plans introducing artificial intelligence system in MCA 21 portal
