Source- This post is based on the article “NPCI kickstarts deployment of ‘UPI Tap and Pay’ facility for payment apps” published in “Business Standard” on 26th December 2023. Why in the News? The National Payments Corporation of India (NPCI) has initiated the deployment of ‘UPI Tap and Pay’ across various digital payment providers. What are… Continue reading ‘UPI Tap and Pay’ Facility by NPCI
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.
RBI Reports Decadal High in Asset Quality for Indian Banks
Source- This post is based on the article “Asset quality of Indian banks improves to decadal high: RBI” published in “The Hindu” on 27th December 2023. Why in the News? As per the Reserve Bank of India’s (RBI) ‘Trend and Progress of Banking in India’ report, the Gross Non-Performing Assets (GNPA) ratio of Indian scheduled… Continue reading RBI Reports Decadal High in Asset Quality for Indian Banks
T+0 Settlement Cycle: SEBI Proposes Instant Settlement Cycle
Source– This post is based on the article “T+0, instant settlement cycle: What is the new SEBI proposal and its potential benefits for investors?” published in “The Indian Express” on 26th December 2023. Why in the News? The Securities and Exchange Board of India (SEBI) has proposed to introduce the T+0 settlement cycle on an… Continue reading T+0 Settlement Cycle: SEBI Proposes Instant Settlement Cycle
National Geoscience Data Repository (NGDR) Portal
Source: The post is based on the article “National Geoscience Data Repository (NGDR) Portal” published in “PIB” on 22nd December 2023 Why in the News? The Ministry of Mines has launched the National Geoscience Data Repository Portal (NGDR). What is the National Geoscience Data Repository Portal (NGDR)? Specifications Details What is it It is a… Continue reading National Geoscience Data Repository (NGDR) Portal
RAMP Programme: Union Minister launches three sub-schemes under it
Source: The post is based on the article “Union Minister launches three sub-schemes under the RAMP programme” published in “PIB” on 20th December 2023 Why in the News? Union Minister for MSME has launched three sub-schemes under the aegis of the RAMP programme. What are the three sub schemes launched under RAMP Programme? 1) MSME… Continue reading RAMP Programme: Union Minister launches three sub-schemes under it
States can borrow an extra ₹2 lakh crore this fiscal year
Source- This post is based on the article “States can borrow an extra ₹2 lakh crore this year” published in “The Hindu” on 19th December 2023. Why in the News? The Finance Ministry has allowed states to access approximately ₹2.04 lakh crore overall as additional borrowings beyond their net borrowing limits for the current fiscal… Continue reading States can borrow an extra ₹2 lakh crore this fiscal year
Recent Initiatives for faster Coal Movement
Source: The post is based on the article “Recent Initiatives for faster Coal Movement” published in “PIB” on 18th December 2023. Why in the News? The Union Minister of Coal has informed Lok Sabha about the initiatives taken for the faster movement of Coal. What are the steps taken for the faster movement of coal?… Continue reading Recent Initiatives for faster Coal Movement
Logistics Ease Across Different State (LEADS) 2023 ranking
Source– This post is based on the article “Shri Piyush Goyal releases the “Logistics Ease Across Different State (LEADS) 2023” published in “PIB” on 16th December 2023. Why in the News? The Ministry of Commerce and Industry (MoCI) has released the Fifth edition of the LEADS annual exercise. What is LEADS ranking ? Specifications Details… Continue reading Logistics Ease Across Different State (LEADS) 2023 ranking
Mines Ministry to directly Sanctions Critical Mineral Exploration to Private Agencies
Source- This post is based on the article “Mines Ministry to Directly Sanction Exploration Projects of Critical Minerals to Notified Private Exploration Agencies” published in “PIB” on 15th December 2023. Why in the News? Ministry of Mines has introduced a new scheme. Now exploration projects for critical and deep-seated minerals will be directly sanctioned to… Continue reading Mines Ministry to directly Sanctions Critical Mineral Exploration to Private Agencies
RBI’s Cloud Facility for Financial Sector
Source – This post is based on the article “RBI to offer cloud storage services as part of digital public infrastructure” published in “The Indian Express” on 8th December 2023. Why in the News? The Reserve Bank of India (RBI) is working on establishing a cloud facility for the financial sector in India. What is… Continue reading RBI’s Cloud Facility for Financial Sector
