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.

Annual Survey of Unincorporated Sector Enterprises 2023-24

News: National Statistics Office, Ministry of Statistics and Programme Implementation (MoSPI) has released the Annual Survey of Unincorporated Sector Enterprises for 2023-24 for the reference period October 2023- September 2024.  About ASUSE 2023-24  Primary Objective: To evaluate various economic and operational characteristics of unincorporated non-agricultural establishments.  Geographical Coverage: Covers the rural and urban areas of… Continue reading Annual Survey of Unincorporated Sector Enterprises 2023-24

SMILE Programme

News: India and Asian Development Bank (ADB) have signed a $350 million policy-based loan under the second subprogramme of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) Programme.  About SMILE Programme  It is a programmatic policy-based loan (PBL) to support the Indian government to undertake wide ranging reforms in the logistics sector.  Aim: To strengthen… Continue reading SMILE Programme

Credit Guarantee Scheme for e-NWR based Pledge Financing

News:The Union Minister of Consumer Affairs, Food, and Public Distribution, launched the Credit Guarantee Scheme for e-NWR based Pledge Financing (CGS-NPF). About Credit Guarantee Scheme for e-NWR (Negotiable warehouse receipt) It aims to provide credit facilities to small farmers to prevent them from distress selling. Nodal Ministry– Ministry of Consumer Affairs, Food, and Public Distribution.… Continue reading Credit Guarantee Scheme for e-NWR based Pledge Financing

RBI Governor Appointment

News: The Centre has announced the appointment of Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. About RBI Governor Appointment The RBI governor is appointed under the RBI Act of 1934, which stipulates that the chief is appointed by the central government. Process: The Financial Sector Regulatory Appointment Search… Continue reading RBI Governor Appointment

Foreign Currency Non-Resident (Banks) Deposits

News: The Reserve Bank of India has decided to increase the interest rate ceilings on Foreign Currency Non-Resident (Banks) Account deposits to support foreign inflows into the country. Foreign Currency Non-Resident (Banks) Deposits About Foreign Currency Non-Resident (Banks) Deposits It is a deposit scheme that enables the Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs)… Continue reading Foreign Currency Non-Resident (Banks) Deposits

MuleHunter.AI: RBI’s AI-Powered Tool to Combat Financial Fraud

News: Recently, the Reserve Bank of India (RBI) urged banks to adopt its AI/ML-based tool, MuleHunter.AI, to address the growing problem of mule accounts involved in digital frauds. About MuleHunter.AI It is a cutting-edge AI tool designed to detect and flag mule accounts, with the aim of tackling financial fraud and money laundering. Developed by–… Continue reading MuleHunter.AI: RBI’s AI-Powered Tool to Combat Financial Fraud

Trade Watch Report

News: NITI Aayog’s Trade Watch Quarterly Report highlights the challenges being faced by the Indian economy. Key Highlights of the Report India achieved limited success in harnessing the China Plus One strategy. While countries like Vietnam, Thailand, Cambodia, and Malaysia have emerged as major beneficiaries These countries have simplified tax laws, cheap labour, lower tariffs… Continue reading Trade Watch Report

Anna Chakra & SCAN Portal

News: The Union Minister of Consumer Affairs, Food, and Public Distribution recently launched two initiatives: ‘Anna Chakra’ and the SCAN (Subsidy Claim Application for NFSA) portal. About Anna Chakra It is a Public Distribution System (PDS) Supply chain optimization tool. The Department of Food and Public Distribution leads the initiative to improve the efficiency of… Continue reading Anna Chakra & SCAN Portal

Oilfields (Regulation and Development) Amendment Bill, 2024

News: The Rajya Sabha recently passed the Oilfields (Regulation and Development) Amendment Bill, 2024. It enables major changes in India’s oil and gas exploration laws. About Oilfields (Regulation and Development) Amendment Bill, 2024 The bill seeks to amend the Oilfields (Regulation and Development) Act of 1948, with the goal of increasing investment in oil and… Continue reading Oilfields (Regulation and Development) Amendment Bill, 2024

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