According to UNCTAD’s World Investment Report 2019,Foreign Direct Investment (FDI) into India has increased by 6% to $42 billion in 2018. The sectors which received the strong inflows includes (a)manufacturing, (b)communication (c)financial services (d)cross-border merger and (e)acquisition activities. The report ranks India at 10th position amongst the top recipients of FDI in 2018. The report… Continue reading India gets $42-billion FDI inflows in 2018: UN report
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.
Multilateral instrument to curb tax treaty abuse
The Union Cabinet has approved the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The Multilateral Convention is an outcome of the OECD and G20 Project to tackle Base Erosion and Profit Shifting(BEPS Project). The BEPS Project objective is to tackle base erosion and… Continue reading Multilateral instrument to curb tax treaty abuse
SEBI directs rating agencies to disclose probability of default
The Securities and Exchange Board of India (Sebi) has prescribed guidelines to strengthen the disclosures made by credit rating agencies to enhance the rating standards. SEBI has asked credit rating agencies(CRAs) to start disclosing a probability of default(PD) benchmark for the companies rated by them. Probability of default(PD) is a financial term describing the likelihood… Continue reading SEBI directs rating agencies to disclose probability of default
U.S. open to dialogue on GSP, says Pompeo
The US secretary of state has said that the US could discuss its decision to withdraw duty-free benefits to Indian exporters under the generalized system of preferences (GSP) scheme. GSP is a preferential tariff system extended by developed countries to developing countries.It is a preferential arrangement in the sense that it allows concessional low/zero tariff… Continue reading U.S. open to dialogue on GSP, says Pompeo
Pre-Budget consultations: Financial sector seeks dedicated liquidity window for NBFCs
Finance Minister has held pre-budget discussions with the representatives from India’s financial sector. The representatives sought for a dedicated liquidity window for non-bank finance companies(NBFC) that can be used as a source of emergency funding. The bankers has asked the government to infuse capital in regional rural banks,rationalise the securities transaction tax and make corporate… Continue reading Pre-Budget consultations: Financial sector seeks dedicated liquidity window for NBFCs
Centre reduces contribution rate for ESI
The government of India has announced reduction in the rate of contribution under the Employees’ State Insurance (Act) from 6.5% to 4%. The employers’ contribution has been reduced from 4.75% to 3.25% and employees’ contribution has been reduced from 1.75% to 0.75%. The move is aimed at formalising India’s informal workforce and expanding social security… Continue reading Centre reduces contribution rate for ESI
Retail inflation spikes to 7-month high of 3.05% in May on costlier food articles
According to the data released from the Central Statistics Office (CSO), retail inflation for the month of May has increased to a seven-month high of 3.05%. This is mainly due to costlier food items. As per the data, inflation in the food basket rose to 1.83% in May, higher than 1.1% in April. Retail inflation… Continue reading Retail inflation spikes to 7-month high of 3.05% in May on costlier food articles
Jalan panel report on RBI reserves by June end
RBI had constituted a panel on economic capital framework to address the issue of RBI reserves.It is headed by Bimal Jalan.The panel will meet one more time before finalising its report. The panel was formed after the government has said that the RBI should hand over its surplus reserves amid a shortfall in revenue collections.… Continue reading Jalan panel report on RBI reserves by June end
Easy money can’t revive economy: SBI report
According to State Bank of India report,easy money policy will be ineffective to push the slow growth engine. An easy money policy is a monetary policy that increases the money supply usually by lowering interest rates.It occurs when a country’s central bank decides to allow new cash flows into the banking system. Recently,the Reserve Bank… Continue reading Easy money can’t revive economy: SBI report
Govt eyes reforms, to club 44 labour laws into 4 codes
The Central government is planning to introduce a new Labour Bill in the upcoming session of the Parliament with an aim to help investors and accelerate growth. The new labour legislation would merge the existing 44 labour laws under four specific categories which are (a)wages (b)social security (c)industrial safety and welfare and (d)industrial relations. Labour… Continue reading Govt eyes reforms, to club 44 labour laws into 4 codes
