Central Public Sector Enterprises(CPSEs) has been given 12 months to monetise non-core assets failing which the finance ministry may restrict budgetary allocations to the companies.Non-core assets are assets that are either not essential or simply no longer used in a company’s business operations. Earlier,Department of Investment and Public Asset Management (DIPAM) had issued the guidelines… Continue reading Public sector enterprises to get 12 months to sell non core assets
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.
Exports outpace imports at 11% in March
According to data released by the commerce and Industry ministry, India’s trade deficit has reduced to $10.89 billion in March,2019 due to rise in exports. The exports has increased by 11% in March from a year earlier,while imports were up by 1.44% during the same period. The rise in exports was driven by higher growth… Continue reading Exports outpace imports at 11% in March
WPI inflation spikes to 3.18% in March on costlier food, fuel
The Wholesale price inflation has increased to 3.18% in March,2019.The rise has been attributed to high food and fuel prices. Wholesale Price Inflation tracks changes in the price of goods in stages before the retail level i.e. goods that are sold in bulk and traded between organizations instead of consumers. It is measured by the… Continue reading WPI inflation spikes to 3.18% in March on costlier food, fuel
India shifts to net steel importer in 2018-19 fiscal
India has emerged as a net importer of steel for the first time in three years during fiscal year 2019.It became a net importer despite being the second largest steel producer. India’s imports has increased due to (a)demand for better quality of steel in the domestic market and (b)reduced exports due to imposition of tariffs… Continue reading India shifts to net steel importer in 2018-19 fiscal
Drug advisory board proposes stringent norms for medical devices
Drugs Technical Advisory Board (DTAB) has recommended that the Centre should include all medical devices in the country under the Drugs and Cosmetics Act,1940 in a phased manner.Currently,the government regulates 27 notified medical devices under the law. Recommendations of DTAB to the Government are binding in nature.The Health Ministry will now be required to issue… Continue reading Drug advisory board proposes stringent norms for medical devices
Tea Board to discuss industry road map
The Tea Board will organize a ‘Young Entrepreneurs’ Meet’ on April 24. It aims at drawing a future roadmap for tea industry.The meeting will discuss ways to (a)enhance the quality of Indian tea (b)restrict marketing of low quality products and (c)the steps needed to be taken to bring good tea to the market. According to… Continue reading Tea Board to discuss industry road map
High stock of non-performing assets in India, more progress needed: IMF
According to the International Monetary Fund(IMF),the level of non-performing loans in India remains high.IMF has favoured strengthening the level of capitalisation of some banks,particularly government-owned banks. Further,the IMF has said that strengthening the level of capitalisation in banks was one of the recommendations of the Financial Sector Assessment Programme (FSAP) for India. The Financial Sector… Continue reading High stock of non-performing assets in India, more progress needed: IMF
How is Google’s GPay operating without authorisation, Delhi HC asks RBI
The Delhi High Court has asked the Reserve Bank of India (RBI) to explain how Google was operating its payment services in India without taking any approvals or licence from the RBI. Google’s GooglePay uses BHIM unified payments Interface (BHIM UPI) for money transfers. The court’s query has come in the backdrop a plea which… Continue reading How is Google’s GPay operating without authorisation, Delhi HC asks RBI
Commerce ministry asks health ministry to frame law to ban manufacture, sale of e-cigarettes
The commerce ministry has asked the Health Ministry to frame law banning manufacture and sale e-cigarettes in India. This is because unless it is banned under domestic laws, it would not be possible to put a blanket ban on its import as it would violate global trade norms. Earlier, health ministry had asked the commerce… Continue reading Commerce ministry asks health ministry to frame law to ban manufacture, sale of e-cigarettes
India seeks to push reforms,development agenda at WTO
India will be hosting the second informal meeting of trade ministers from about 20 member nations of the World Trade Organization (WTO) on May 13,2019. This meeting assumes significance as several countries are raising questions over the relevance of the WTO.Many countries are also taking protectionist measures which is impacting the global trade. However,India has… Continue reading India seeks to push reforms,development agenda at WTO
