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
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.
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
IEPFA and NCAER jointly organize workshop on ‘Investor Education and Protection Policy in India
Source: The post is based on the article “IEPFA and NCAER jointly organize workshop on ‘Investor Education and Protection Policy in India” published in “PIB” on 12th December 2023 Why in the News? The Investor Education and Protection Fund Authority (IEPFA) and the National Council of Applied Economic Research (NCAER) have jointly organized a workshop… Continue reading IEPFA and NCAER jointly organize workshop on ‘Investor Education and Protection Policy in India
Ecological Impact of Biofortified Seeds
Source– This post is based on the article “Ecological Impact of Biofortified Seeds” published in “PIB” on 8th December 2023. Why in the News? The article has provided an overview on the various benefits of biofortified varieties and the initiatives taken to promote bio-fortified varieties. What is Biofortification? 1) Biofortification is the process of improving… Continue reading Ecological Impact of Biofortified Seeds
Periodic Labour Force Survey (PLFS): Unemployment rate in urban areas has come down
Source: The post is based on the article “Unemployment rate in urban areas has come down: survey” published in “The Hindu” on 30th November 2023 Why in the News? According to the Periodic Labour Force Survey (PLFS), the unemployment rate in urban areas of the country has decreased from 7.2% in July-September 2022 to 6.6%… Continue reading Periodic Labour Force Survey (PLFS): Unemployment rate in urban areas has come down
Risk Weights: RBI’s latest move to increase risk weights for lending
Source: The post is based on the article “Risk Weights: RBI’s latest move to increase risk weights for lending” published in “The Hindu” on 29th November 2023 Why in the News? Reserve Bank of India (RBI) has directed banks and non-banking financial companies (NBFCs) to reserve more capital for risk weights. What are Risk Weights?… Continue reading Risk Weights: RBI’s latest move to increase risk weights for lending
Unified Payments Interface(UPI) and managing the surge in digital fraud
Source: The post is based on the article “Unified Payments Interface (UPI) and managing the surge in digital fraud” published in “Indian Express” on 29th November 2023 Why in the News? Unified Payments Interface (UPI) has transformed the payments landscape in the country. But accompanying this is the sharp rise in digital/financial frauds. What has… Continue reading Unified Payments Interface(UPI) and managing the surge in digital fraud
