Securities and Exchange Board of India(SEBI) has barred National Stock Exchange(NSE) from raising money on securities markets for six months and has also fined NSE Rs 1000 crore under NSE co-location scam. Under the NSE co-location facility,trading members can place their servers in the exchange’s data centre,where they get faster access to the price feed,helping… Continue reading NSE fined ₹1,000 crore in co-location case
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.
Now a portal to register e-vehicles
Maharashtra Government has announced its State Electric Vehicle Policy. Under this policy,Maharashtra has launched a new web portal for the registration of battery-operated vehicles.This portal will work as a gateway for sanction and disbursement of fiscal incentive to the buyers of Electric Vehicle (EVs), As per the approved policy,an enabling environment will also be created… Continue reading Now a portal to register e-vehicles
India-China team on pharma to meet next month
India has decided to send a high-level delegation to China under the India-China Strategic Economic Dialogue(SED) Mechanism.The meeting is scheduled to be held in Beijing in May 2019 This meeting comes in the backdrop of increasing efforts by India to increase pharmaceuticals exports to China.India has been requesting China to make the drug registration process… Continue reading India-China team on pharma to meet next month
Passenger traffic at Indian airports grows 11.6% to 34.4 crore
According to the Airports Authority of India(AAI),airports in the country has witnessed a total of 34.4 crore passengers during financial year 2018-2019 registering a growth of 11.6%.These include domestic, international as well as those passengers who take chartered planes. However,overall growth rate of 11.6% is the slowest in the last three years.Earlier,Indian airports had seen… Continue reading Passenger traffic at Indian airports grows 11.6% to 34.4 crore
Public sector banks’ long-term strategy on Jan Dhan begins to pay off
According to the government data,the total balance in the bank accounts under Pradhan Mantri Jan Dhan Yojana(PMJDY) scheme has almost reached a total of ₹1-lakh crore. The Jan Dhan accounts opened are mostly in public sector banks which makes up 72.5% of the total number of Jan Dhan accounts and 89.5% of total deposits.The bulk… Continue reading Public sector banks’ long-term strategy on Jan Dhan begins to pay off
Bad debt norms:RBI to seek EC nod
The Reserve Bank of India (RBI) has decided to reach out to the Election Commission (EC) before releasing its new circular for banks. The new circular would replace its February 12 circular that Supreme Court had disallowed earlier.The Model Code of conduct specifically exempted the conduct of monetary policy which is crucial part of the… Continue reading Bad debt norms:RBI to seek EC nod
RBI extends ombudsman scheme to non-deposit taking NBFCs
The Reserve Bank of India(RBI) has decided to extend the Ombudsman Scheme for Non-Banking Financial Companies(NBFCs),2018 to non-deposit taking non-banking financial companies(NBFC-NDs) having asset size of Rs 100 crore or above with customer interface. This decision has been taken to ensure expeditious redressal of complaints against deficiency in services concerning loans and other matters relating… Continue reading RBI extends ombudsman scheme to non-deposit taking NBFCs
Pharma exports grow 11%, cross $19 bn
According to the commerce ministry data,India’s pharmaceutical exports have grown by 11% to USD 19.2 billion in 2018-19.The growth was mainly driven by higher demand in regions such as North America and Europe. Further,the Chinese market is also gradually opening up and the Indian government is working to push India’s exports there as it holds… Continue reading Pharma exports grow 11%, cross $19 bn
Crypto currency is Ponzi scheme
Investor Education and Protection Fund(IEPF) Authority has said that Crypto currency is a ponzi scheme and should be banned in India to protect the interests of investors. IEPF has also said that crypto currencies are based on blockchain technology and there are concerns about its viability in the long-term due to risk to investors,especially considering… Continue reading Crypto currency is Ponzi scheme
Share of tech patents on the rise in IP filings
According to a report by industry body Nasscom,India origin companies has filed over 4,600 patents in the US between 2015-2018.The majority of the patents were from the technology domain. A patent is a form of intellectual property.A patent gives its owner the right to exclude others from making,selling and importing an invention for a limited… Continue reading Share of tech patents on the rise in IP filings
