Source: The post is based on the article “Risk Weighted Assets: RBI raises risk weights on consumer credit exposure of banks, NBFCs to 125%” published in “The Hindu” on 17th November 2023 Why in the News? Reserve Bank of India(RBI) has increased the risk weights of assets for the unsecured lending issued by banks and… Continue reading Risk Weighted Assets: RBI raises risk weights on consumer credit exposure of banks, NBFCs to 125%
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.
Gold drives trade deficit to new high
Source: The post is based on the article “Gold drives trade deficit to new high” published in “The Hindu” on 15th November 2023 Why in the News? In October,2023 India’s exports increased by 6.2% to $33.6 billion, but imports surged to a record $65.03 billion, leading to highest monthly trade deficit of $31.46 billion. This… Continue reading Gold drives trade deficit to new high
All Efforts on to Stop Coal Import by 2025-26; Focus on Producing 100 Million Tonne from Underground Mines by 2030: Union Minister
Source: The post is based on the article “All Efforts on to Stop Coal Import by 2025-26; Focus on Producing 100 Million Tonne from Underground Mines by 2030: Union Minister” published in “PIB” on 16th November 2023 Why in the News? The Ministry of Coal has launched the eighth round of the commercial coal mines… Continue reading All Efforts on to Stop Coal Import by 2025-26; Focus on Producing 100 Million Tonne from Underground Mines by 2030: Union Minister
Sovereign Green Bond: FY24’s first sovereign green bond issuance sails through
Source: The post is based on the article “Sovereign Green Bond: FY24’s first sovereign green bond issuance sails through” published in “Hindu Businessline” on 15th November 2023 Why in the News? The first issuance of Sovereign Green Bonds for the Fiscal Year 2024 saw a successful auction of five-year maturity bonds, drawing considerable investor attention.… Continue reading Sovereign Green Bond: FY24’s first sovereign green bond issuance sails through
New rice variety can replace Pusa-44
Source– This post “New rice variety can replace Pusa-44” is based on the article “Possible answer to farm fires: New rice variety can replace Pusa-44” published in “The Indian Express” on 10 November 2023. Why in the News? The Supreme Court in its order mentioned a “particular kind of paddy” grown mostly in Punjab, which… Continue reading New rice variety can replace Pusa-44
Surety Bond: NHAI Accepts First Insurance Surety Bond as Bid Security for NHAI TOT Bid for Monetization
Source: The post is based on the article “Surety Bond: NHAI Accepts First Insurance Surety Bond as Bid Security for NHAI TOT Bid for Monetization” published in “PIB” on 11th November 2023 Why in the News? National Highways Authority of India(NHAI) has accepted Insurance Surety Bond for the monetization program of the upcoming bid of… Continue reading Surety Bond: NHAI Accepts First Insurance Surety Bond as Bid Security for NHAI TOT Bid for Monetization
Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)
Source: The post is based on the article “Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)” published in “Economic Times” on 8th November 2023 Why in the News? Prime Minister has announced that Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) will be extended for another five years i.e till December,2028. What is Pradhan Mantri Garib Kalyan… Continue reading Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)
National Coal Index
Source– This post “National Coal Index” is based on the article”National Coal Index Increases by 3.83 points in September” published in “PIB” on 7th November 2023. Why in News? The National Coal Index (NCI) has increased first time since April 2023. What is National Coal Index? Specification Details Started in 4th June 2020 Started by… Continue reading National Coal Index
Grey Infrastructure
Source: This post “Grey Infrastructure” is based on the article “Introduction to green infrastructure and grey infrastructure” published in “Alberta Water Portal Society” on 7 September 2023. Why in News? Both green infrastructure and grey infrastructure can play an important role in water management. Therefore, it is important to understand the advantages and challenges of… Continue reading Grey Infrastructure
Bharat Atta to cost ₹2 less as govt aims to put lid on prices
Source: The post is based on the article “Bharat Atta to cost ₹2 less as govt aims to put lid on prices” published in “Live Mint” on 7th November 2023 Why in the News? The Government of India has launched a new wheat flour scheme called “Bharat Atta.” What is Bharat Atta? Bharat Atta is… Continue reading Bharat Atta to cost ₹2 less as govt aims to put lid on prices
