The Reserve Bank of India has released the Financial Stability Report. The report assessed that India’s financial system remains stable in the backdrop of improving resilience of the banking sector.However,the emerging trends in the global economy and geopolitical environment pose challenges. The report has said that the Gross non-performing assets in the banking system have… Continue reading NPAs down, credit growth picking up: RBI
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.
SEBI tightens norms for mutual fund investments
The Securities and Exchange Board of India(Sebi) has introduced more checks and balances for mutual funds(MFs) to secure investors and stem systemic risks. SEBI has said that mutual fund schemes can now invest only in listed debt or equity.The valuation of securities in debt funds will now be on mark-to-market basis instead of the earlier… Continue reading SEBI tightens norms for mutual fund investments
Surjit Bhalla Committee on Trade and Policy
Union Minister of Finance & Corporate Affairs has informed Rajya Sabha about the Surjit Bhalla Committee on Trade and Policy. The Union commerce ministry had constituted a high-level advisory group on Foreign trade policy.The group has submitted its report to the government. The panel has recommended the centre to cut down corporate tax rate and… Continue reading Surjit Bhalla Committee on Trade and Policy
Centre expands terms of reference of direct tax law body
The Central Board of Direct Taxes (CBDT) has decided to expand the terms of reference for the committee that has been formed to re-write the Direct Tax Code(DTC). The committee will now have to consider five more areas while drafting their recommendation making the total terms of reference nine. The existing terms of reference included… Continue reading Centre expands terms of reference of direct tax law body
RBI begins monitoring HFCs
The Reserve Bank of India(RBI) has started monitoring the liquidity position,asset-liability gap and repayment schedules of housing finance companies(HFCs) on a daily basis. The move to monitor HFCs on a daily basis comes after some HFC had gone into liquidity crisis which had resulted in defaults.This crisis had started since the debt default by IL&FS… Continue reading RBI begins monitoring HFCs
Payments data must be saved locally: RBI
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India. The data should include end-to-end transaction details and information pertaining to payment or settlement transaction that is gathered, transmitted as part of a payment message or instruction. The data could be… Continue reading Payments data must be saved locally: RBI
APEDA Organizes buyers-sellers meet
Agricultural & Processed Food Products Export Development Authority (APEDA) in association with North Eastern Regional Agricultural Marketing Corporation(NERAMAC) has organised the International Buyers-Sellers Meet in Imphal,Manipur. APEDA chairman said that India’s total agricultural product exports is valued at 38 billion USD for the financial year 2017-18 out of which 50% is contributed through APEDA’s products.… Continue reading APEDA Organizes buyers-sellers meet
U.S.-China trade war may reduce global growth rate
According to Fitch Ratings,the ongoing U.S.-China trade war escalation could reduce the World GDP growth by 0.4% points till 2020 and possibly lead to the lowest growth since 2009. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or quotas on imports.The United States and China are discussing a trade… Continue reading U.S.-China trade war may reduce global growth rate
Centre plans to set up common online platform for RERA of all states, UTs
The Central government has planned to set up a common online platform for the Real Estate Regulatory Authority (RERA) of all states and UTs. The move aims to provide an opportunity to home-buyers, builders and authorities to exchange views. Real Estate (Regulation and Development) Act (RERA) 2016 is a central legislation which aims to regulate… Continue reading Centre plans to set up common online platform for RERA of all states, UTs
Sinha-led panel proposes ₹5,000 crore stressed asset fund for MSMEs
A Reserve Bank of India(RBI) expert committee tasked with reviewing the current framework for the micro,small and medium enterprises (MSMEs) has submitted its report. The committee has recommended a ₹5,000 crore distressed asset fund for micro,small and medium enterprises (MSMEs). The fund will assist units in a cluster where there is a change in the… Continue reading Sinha-led panel proposes ₹5,000 crore stressed asset fund for MSMEs
