Source-This post on RBI@90 program is based on the article “PM addresses RBI@90 opening ceremony” published in “PIB” on 1st April 2024. Why in the News? Recently PM Narendra Modi attended the the opening ceremony of RBI@90, a program marking 90 years of the Reserve Bank of India, in Mumbai, Maharashtra. He also released a commemorative… Continue reading RBI@90 program
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.
Record Defence Exports: Rs 21,083 Cr in FY 2023-24
Source-This post on Record Defence Exports: Rs 21,083 Cr in FY 2023-24 is based on the article “Defence exports touch record Rs 21,083 crore in FY 2023-24, an increase of 32.5% over last fiscal” published in “PIB” on 1st April 2024. Why in the News? Defence exports hit a record high of Rs 21,083 crore… Continue reading Record Defence Exports: Rs 21,083 Cr in FY 2023-24
Written approval needed for GST Audits of Big Firms and MNCs
Source-This post on Written approval needed for GST Audits of Big Firms and MNCs is based on the article “Now, GST probe into big corporates, major MNCs needs a ‘written approval’” published in “The Hindu” on 31st March 2024. Why in the News? Recently, Central Board of Indirect Taxes and Customs (CBIC) has instructed Central… Continue reading Written approval needed for GST Audits of Big Firms and MNCs
Difference between the current and capital account
Source-This post on Difference between the current and capital account is based on the article “Current account deficit narrows to 1.2% of GDP at $10.5 billion in Oct-Dec: RBI” published in “The Indian Express” on 27th March 2024. Why in the News? Recently, RBI stated that current account deficit narrows to 1.2 % of GDP at $10.5 billion… Continue reading Difference between the current and capital account
India Employment Report 2024
Source-This post on India Employment Report 2024 is based on the article “Employment scenario in India grim, says ILO report” published in “The Hindu” on 27th March 2024. Why in the News? The International Labour Organisation (ILO) and the Institute of Human Development (IHD) have jointly published a report titled “India Employment Report 2024”. About… Continue reading India Employment Report 2024
Krishi Integrated Command and Control Centre
Source-This post on Krishi Integrated Command and Control Centre (ICCC) has been created based on the article “ICCC: Integrated farm data dashboard for customised solutions” published in “The Indian Express” on 27 March 2024. Why in the news? Agriculture Minister has recently inaugurated a Krishi Integrated Command and Control Centre (ICCC) set up at Krishi… Continue reading Krishi Integrated Command and Control Centre
Low water level in Indian reservoir
Source-This post on Low water level in Indian reservoir has been created based on the article “Water level in more than half the key reservoirs at less than 40% capacity” published in “Live Mint” on 22 March 2024. Why in the news? The Central Water Commission (CWC) has recently reported that water level in more… Continue reading Low water level in Indian reservoir
Price stabilization fund
Source-This post on Price stabilization fund is based on the article “Centre brings wheat and rice under price stabilization fund” published in “LiveMint” on 21st March 2024. Why in the News? Recently, the government has approved inclusion of wheat and rice under its price stabilization fund (PSF). About Price stabilization fund 1. About: The Price… Continue reading Price stabilization fund
Reverse Flipping
Source-This post on Reverse Flipping is based on the article “Startups ‘reverse flip’: Pine Labs, Zepto, Meesho in queue for India return” published in “Economic Times” on 21st March 2024. Why in the News? Startups such as Pine Labs, Zepto, and Meesho are the latest new-age companies looking to move headquarters to India. About reverse… Continue reading Reverse Flipping
NHAI completes largest InvIT monetization
Source-This post on NHAI completes largest InvIT monetization is based on the article “NHAI Completes Largest InvIT Monetization of Over Rs. 16,000 Crore Through ‘Round 3’” published in “PIB” on 19th March 2024. Why in the News? National Highways Infra Trust (NHIT) has completed fundraising through ‘InvIT Round-3’ for National Highway stretches totaling 889 kilometers.… Continue reading NHAI completes largest InvIT monetization
