Source- This post on PM MITRA Parks has been created based on the article “PM Mitra Parks to ensure strengthening of local economy & textile ecosystem” published in “PIB” on 10 August 2024. Why in News? The Government has approved the establishment of 7 PM MITRA Parks on Greenfield/Brownfield sites with world-class infrastructure, including plug-and-play facilities… Continue reading PM MITRA Parks
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.
New rules for solar panel manufacturers
Source- This post on New rules for solar panel manufacturers has been created based on the article “Centre tightens disclosure norms for domestic solar manufacturers” published in “The Hindu” on 9 August 2024. Why in News? The Indian government has introduced stricter rules for solar panel manufacturers to improve transparency and enforce the use of domestic… Continue reading New rules for solar panel manufacturers
Yen Carry Trade
Source- This post on Yen Carry Trade has been created based on the article “What is Yen carry trade and why did it help trigger a global stock market fall?” published in “Indian Express” on 8 August 2024. Why in News? Recently, major global stock markets witnessed their steepest decline in decades, with the yen… Continue reading Yen Carry Trade
Finance Bill 2024
Source- This post on Finance Bill 2024 has been created based on the article “Lok Sabha passes Finance Bill, amends provision on LTCG tax” published in “The Hindu” on 8 August 2024. Why in News? The Finance Bill, 2024, was passed in the Lok Sabha with an amendment relaxing the long-term capital gains (LTCG) tax proposal… Continue reading Finance Bill 2024
Asset Management Companies (AMCs)
Source- This post on Asset Management Companies (AMCs) has been created based on the article “AMC heads to be pulled up for abusive market practices: SEBIIn dark shadow of a powerhouse: tribes who built A.P power project live in darkness” published in “The Hindu” on 7 August 2024. Why in News? Recently, SEBI announced in a… Continue reading Asset Management Companies (AMCs)
“VIRAASAT” Exhibition
Source- This post on “VIRAASAT” Exhibition has been created based on the article “VIRAASAT”, an exhibition to celebrate 10th National Handloom Day begins at Handloom Haat, New Delhi” published in PIB on 5 August 2024. Why in News? Recently, “VIRAASAT” exhibition was held at Handloom Haat in Janpath on 3rd August, 2024. About “VIRAASAT” Exhibition 1. About: “VIRAASAT” is… Continue reading “VIRAASAT” Exhibition
Supreme Court Ruling on MSME Accounts and NPA
Source- This post on Supreme Court Ruling on MSME Accounts and NPA has been created based on the article “SC asks banks to find MSME stress before accounts turn to NPA” published in The Hindu on 5 August 2024. Why in News? The Supreme Court has decided that banks or creditors must find early signs of trouble… Continue reading Supreme Court Ruling on MSME Accounts and NPA
CEA Approves Two New Hydro Pumped Storage Plants
Source- This post on CEA Approves Two New Hydro Pumped Storage Plants has been created based on the article “Central Electricity Authority (CEA) accords concurrence to two Hydro Pumped Storage Plants” published in PIB on 3 August 2024. Why in News? The Central Electricity Authority (CEA) is taking steps to accelerate the development of Hydro Pumped Storage Projects (PSPs)… Continue reading CEA Approves Two New Hydro Pumped Storage Plants
Report on Power Cuts in India
Source- This post on the Report on Power Cuts in India has been created based on the article “In 3 years, power cuts in India will rise, says report” published in “The Hindu” on 1 August 2024. Why in the news? As per the recent research report from the India Energy and Climate Centre, University… Continue reading Report on Power Cuts in India
Liquidity Coverage Ratio (LCR)
Source- This post on the Liquidity Coverage Ratio (LCR) has been created based on the article “RBI’s proposed norms on LCR could be a dampener for some banks” published in “Moneycontrol” on 1 August 2024. Why in the news? The Reserve Bank of India (RBI) recently issued draft guidelines for banks on the Liquidity Coverage… Continue reading Liquidity Coverage Ratio (LCR)
