News: New Bidding Regulations for HAM Projects were introduced by the Ministry of Road Transport and Highways to prevent catastrophic failures from construction defects. About Hybrid Annuity Mode (HAM) Hybrid Annuity Mode (HAM) is a Public-Private Partnership model used mainly for road and highway projects in India, where both government and private sector participate. It… Continue reading New Bidding Regulations for HAM Projects
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.
Past Risk and Return Verification Agency (PaRRVA)
News: The Securities and Exchange Board of India (SEBI) has operationalised the Past Risk and Return Verification Agency (PaRRVA) to bring transparency and standardisation to performance claims made by financial intermediaries. About Past Risk and Return Verification Agency (PaRRVA) Past Risk and Return Verification Agency (PaRRVA) is a regulatory initiative designed to bring transparency and… Continue reading Past Risk and Return Verification Agency (PaRRVA)
Mission SAKSHAM
News: The Reserve Bank of India (RBI) has launched Mission SAKSHAM for capacity building of the Urban Co-operative Banking sector. About Mission SAKSHAM Mission SAKSHAM (Sahkari Bank Kshamta Nirman) is a nationwide training initiative for capacity building of the Urban Co-operative Banking sector (UCBs). Launched by: It has been launched by the Reserve Bank of… Continue reading Mission SAKSHAM
E-PRAAPTI Portal
News: The Employees’ Provident Fund Organisation (EPFO) is set to roll out E-PRAAPTI Portal to facilitate identification, tracking, Unique Account Number (UAN) linking, and activation of old EPF accounts. About E-PRAAPTI Portal E-PRAAPTI stands for EPF Aadhaar-Based Access Portal for Tracking Inoperative Accounts. It is a new digital platform to facilitate identification, tracking, Unique Account Number… Continue reading E-PRAAPTI Portal
Sacrifice Ratio
News: Recent steps to curb inflation in India, U.S.A., and U.K show that lowering inflation has economic costs, which are measured using the sacrifice ratio. About Sacrifice Ratio The sacrifice ratio is an economic ratio that measures the effect of rising and falling inflation on a country’s total production and output. It reflects the trade-off between price stability and economic… Continue reading Sacrifice Ratio
RBI’s New Norms for Recognizing Bad Loans
News: The Reserve Bank of India issued 14 final directions on April 27 introducing new norms for recognising bad loans in banks. About RBI’s New Norms for Recognizing Bad Loans Main change: The new RBI norms shift banks from the incurred loss model, which is based on past losses. Banks will now follow a forward-looking… Continue reading RBI’s New Norms for Recognizing Bad Loans
Index of Service Production (ISP)
News: The Ministry of Statistics and Programme Implementation has proposed creating an Index of Services Production (ISP) for the formal sector using GST data, with 2024–25 as the base year. About Index of Services Production (ISP) The Index of Services Production (ISP) aims to monitor the progress of the services sector. Proposed by: It is… Continue reading Index of Service Production (ISP)
Payment Banks
News: The Reserve Bank of India (RBI) recently revoked the banking licence of Paytm Payments Bank Limited, bringing its operations as a bank to an end from April 24. About Payment Banks Formation: Payment Banks in India were established in 2014 based on the recommendations of the Nachiket Mor Committee. It was set up to… Continue reading Payment Banks
SAARC Currency Swap Framework
News: India approved Rs. 30 billion withdrawal for Maldives under SAARC Currency Swap Framework, reaffirming financial support and regional cooperation commitment. About SAARC Currency Swap Framework SAARC currency swap framework provides SAARC countries a line of funding for short-term foreign exchange requirements. Currency Swap Framework: It is a contract between countries to exchange currencies with… Continue reading SAARC Currency Swap Framework
Pradhan Mantri Gram Sadak Yojana-III
News: The Union Cabinet approved continuation of PMGSY-III beyond March 2025 till March 2028 with revised outlay and extended timelines. About Pradhan Mantri Gram Sadak Yojana-III It is the third phase of rural road development focusing on consolidation and upgradation of existing routes under the Pradhan Mantri Gram Sadak Yojana (PMGSY). Launched In: PMGSY was… Continue reading Pradhan Mantri Gram Sadak Yojana-III
