Source: The post is based on the article “Recommendations of 52nd GST Council Meeting” published in “PIB” on 9th October 2023 What is the News? The 52nd GST Council met under the Chairpersonship of the Union Minister for Finance. What is the GST Council? Goods and Services Tax regime came into force after the Constitutional… Continue reading Recommendations of 52nd GST Council Meeting
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.
RuPay Domestic Card Scheme Agreement between India and the UAE
Source: The post is based on the article “RuPay Domestic Card Scheme Agreement between India and the UAE” published in “PIB” on 6th October 2023 Contents1 What is the News?2 What is the purpose of the agreement signed between NIPL and UAE?3 What is Rupay?4 What is the significance of India’s Digital Public Infrastructure (DPI)?… Continue reading RuPay Domestic Card Scheme Agreement between India and the UAE
National Investment and Infrastructure Fund (NIIF) launches $600 million India-Japan Fund (IJF) with Government of India and Japan Bank for International Cooperation (JBIC) as anchor investors
Source: The post is based on the article “National Investment and Infrastructure Fund (NIIF) launches $600 million India-Japan Fund (IJF) with Government of India and Japan Bank for International Cooperation (JBIC) as anchor investors” published in “PIB” on 5th October 2023 What is the News? The National Investment and Infrastructure Fund(NIIF) has entered into a… Continue reading National Investment and Infrastructure Fund (NIIF) launches $600 million India-Japan Fund (IJF) with Government of India and Japan Bank for International Cooperation (JBIC) as anchor investors
Cross-border CBDC trading: BIS and central banks successfully conclude Project Mariana Test
Source: The post is based on the article “Cross-border CBDC trading: BIS and central banks successfully conclude Project Mariana Test” published in “Economic Times” on 3rd October 2023 What is the News? The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, has announced the successful conclusion of… Continue reading Cross-border CBDC trading: BIS and central banks successfully conclude Project Mariana Test
Insolvency and Bankruptcy Board of India (IBBI) celebrates its Seventh Annual Day
Source: The post is based on the article “Insolvency and Bankruptcy Board of India (IBBI) celebrates its Seventh Annual Day” published in “PIB” on 3rd October 2023. What is the News? The Insolvency and Bankruptcy Board of India(IBBI) has celebrated its Seventh Annual Day. What is the Insolvency and Bankruptcy Board of India(IBBI)? The Insolvency… Continue reading Insolvency and Bankruptcy Board of India (IBBI) celebrates its Seventh Annual Day
Centre softens angel tax rules
Source: The post is based on the article “Centre softens angel tax rules” published in “The Hindu” on 27th September 2023. What is the News? The Finance Ministry has notified final rules outlining valuation methods for non-resident and resident investors under the new angel tax mechanism in the Finance Act 2023. What is Angel Tax?… Continue reading Centre softens angel tax rules
IICA-UNICEF conduct workshop on Business Responsibility & Sustainability Reporting (BRSR)
Source: The post is based on the article “IICA-UNICEF conducts workshop on Business Responsibility & Sustainability Reporting (BRSR)” published in “PIB” on 27th September 2023. What is the News? The Indian Institute of Corporate Affairs (IICA) through its School of Business Environment (SoBE), in collaboration with UNICEF, organized a one-day workshop on Business Responsibility &… Continue reading IICA-UNICEF conduct workshop on Business Responsibility & Sustainability Reporting (BRSR)
Government extends support under Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) till 30th June 2024
Source: The post is based on the article “Government extends support under Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) till 30th June 2024” published in “PIB” on 27th September 2023. What is the News? Government of India has extended support under the Scheme for Remission of Duties and Taxes on Exported… Continue reading Government extends support under Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) till 30th June 2024
Aadhaar unreliable in ‘hot, humid’ India: Moody’s
Source: The post is based on the article “Aadhaar unreliable in ‘hot, humid’ India: Moody’s” published in The Hindu on 25th September 2023 What is the News? Global rating major Moody’s Investors Service has released a report titled “Decentralized Finance and Digital Assets”. What are the key findings of the report? Source: The Hindu Moody… Continue reading Aadhaar unreliable in ‘hot, humid’ India: Moody’s
Revolutionizing Indian Agriculture: MoA&FW Unveils Game-Changing Initiatives for Farmers
Source: The post is based on the article “Revolutionizing Indian Agriculture: MoA&FW Unveils Game-Changing Initiatives for Farmers” published in PIB on 19th September 2023 What is the News? The Union Finance Minister and Union Agriculture Minister have launched several initiatives focused on agri-credit and crop insurance. What are the initiatives launched by the government? Kisan… Continue reading Revolutionizing Indian Agriculture: MoA&FW Unveils Game-Changing Initiatives for Farmers
