Source: The post is based on the article “What is RBI’s new pilot for frictionless credit?” published in The Hindu on 21st August 2023. Contents1 What is the News?2 What is Frictionless credit?3 Why Frictionless credit needed?4 What are the expected benefits of this platform? What is the News? The Reserve Bank of India (RBI)… Continue reading What is RBI’s new pilot for frictionless credit?
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 launches web portal for searching unclaimed deposits
Source: The post is based on the article “RBI launches web portal for searching unclaimed deposits” published in Indian Express on 18th August 2023. What is the News? The Reserve Bank of India(RBI) has launched the UDGAM Portal. What is UDGAM Portal? UDGAM stands for Unclaimed Deposits – Gateway to Access information. Purpose: To aid… Continue reading RBI launches web portal for searching unclaimed deposits
Will the Federal fund hike impact developing country debt?
Source: The post is based on the article “Will the Federal fund hike impact developing country debt?” published in The Hindu on 11th August 2023. Contents1 What is the News?2 What is the Federal Funds Rate?3 Why is the US Fed increasing interest rates?4 How does Federal Funds Rate impact India? What is the News?… Continue reading Will the Federal fund hike impact developing country debt?
House panel tells govt. to ensure fertilizer availability, increase local production
Source: The post is based on the article “House panel tells govt. to ensure fertilizer availability, increase local production” published in The Hindu on 9th August 2023. What is the News? The Standing Committee of Parliament on Chemicals and Fertilizers has posed questions on the availability of fertilizers and a subsidy policy. What are the… Continue reading House panel tells govt. to ensure fertilizer availability, increase local production
How a WTO provision became a tool for nations to curb imports
Source: The post is based on the article “How a WTO provision became a tool for nations to curb imports” published in Business Standard on 9th August 2023. What is the News? The Government of India has recently imposed restrictions on the import of laptops, tablets, and personal computers. The new regulations mandate Companies to… Continue reading How a WTO provision became a tool for nations to curb imports
PM to launch revamp of 508 railway stations at ₹24,470 crore
Source: The post is based on the article “PM to launch revamp of 508 railway stations at ₹24,470 crore” published in The Hindu on 7th August 2023. What is the News? The Prime Minister will lay the foundation stone for the redevelopment of 508 railway stations spread across the country. These stations were part of… Continue reading PM to launch revamp of 508 railway stations at ₹24,470 crore
Remove wheat import duty till Feb for food security: FCI
Source: The post is based on the article “Remove wheat import duty till Feb for food security: FCI” published in Livemint on 5th August 2023. What is the News? Food Corporation of India(FCI) has recommended the government to remove import duty on wheat till February 2024. Why has the Food Corporation of India(FCI) asked the… Continue reading Remove wheat import duty till Feb for food security: FCI
Centre restricts laptop, PC and tablet imports; calls for license
Source: The post is based on the article “Centre restricts laptop, PC and tablet imports; calls for license” published in The Hindu on 5th August 2023. Contents1 What is the News?2 What does the HSN Code 8471 say?3 What are the exemptions provided under this order?4 Why has the government imposed these restrictions?5 What is… Continue reading Centre restricts laptop, PC and tablet imports; calls for license
Under the Startup India initiative, ‘Action Plan’ for Startups unveiled to create a vibrant startup ecosystem in the country
Source: The post is based on the article “Under the Startup India initiative, ‘Action Plan’ for Startups unveiled to create a vibrant startup ecosystem in the country” published in PIB on 2nd August 2023. What is the News? The Union Minister of State for Commerce and Industry has informed Lok Sabha about the various programs… Continue reading Under the Startup India initiative, ‘Action Plan’ for Startups unveiled to create a vibrant startup ecosystem in the country
Roadmap to making India a $5 trillion economy
Source: The post is based on the article “Roadmap to making India a $5 trillion economy” published in PIB on 1st August 2023. What is the News? Government has informed the Lok Sabha about the steps taken to make India a $5 trillion economy. What is the roadmap of the government to make India a… Continue reading Roadmap to making India a $5 trillion economy
