Source: The post is based on the article “DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes” published in PIB on 17th July 2023 What is the News? The Directorate General of Foreign Trade (DGFT) is implementing the Advance Authorisation Scheme. What is an Advance Authorisation Scheme? Directorate General of… Continue reading DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes
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 to detail SOP for banks to help expedite rupee trade
Source: The post is based on the article “RBI to detail SOP for banks to help expedite rupee trade” published in The Hindu on 18th July 2023 What is the News? The Reserve Bank of India (RBI) is expected to issue a standard operating procedure for banks to expeditiously issue FIRC (Foreign Inward Remittance Certificate)… Continue reading RBI to detail SOP for banks to help expedite rupee trade
Union Minister of Cooperation inaugurates the National Mega Conclave on FPO in the cooperative sector
Source: The post is based on the article “Union Minister of Cooperation inaugurates the National Mega Conclave on FPO in the cooperative sector” published in PIB on 14th July 2023 What is the News? The Union Minister of Cooperation has addressed the National Mega Conclave on Farmer Producer Organisations (FPO) in the cooperative sector. The… Continue reading Union Minister of Cooperation inaugurates the National Mega Conclave on FPO in the cooperative sector
Export Preparedness Index (EPI) Report, 2022
Source: The post is based on the article “Export Preparedness Index (EPI) Report, 2022” published in PIB on 14th July 2023 What is the News? NITI Aayog will be releasing the third edition of Export Preparedness Index (EPI) for States/UTs of India for the year 2022. What is the Export Preparedness Index (EPI)? EPI is… Continue reading Export Preparedness Index (EPI) Report, 2022
Fifth of suspected money mule cases involve under-21s’
Source: The post is based on the article “Fifth of suspected money mule cases involve under-21s” published in Independent on 11th July 2023 What is the News? According to a report, young people under the age of 21 account for around one in five cases where money muling activity is suspected. What is Money Muling?… Continue reading Fifth of suspected money mule cases involve under-21s’
Cabinet okays commercial mining of lithium, titanium
Source: The post is based on the article “Cabinet okays commercial mining of lithium, titanium” published in Livemint on 12th July 2023 Contents1 What is the News?2 Which are the six critical minerals where commercial mining will be allowed now?3 What are the uses of these critical minerals?4 What is the significance of this decision?… Continue reading Cabinet okays commercial mining of lithium, titanium
Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC
Source: The post is based on the article “Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC” published in The Hindu on 12th July 2023 Contents1 What is the News?2 What was the issue before the Supreme Court?3 What is… Continue reading Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC
Recommendations of 50th meeting of GST Council
Source: The post is based on the article “Recommendations of 50th meeting of GST Council” published in PIB on 11th July 2023 What is the News? The 50th meeting of the Goods and Services Tax(GST) Council was held under the chairmanship of the Union Finance Minister. What is the Goods and Services Tax(GST) Council? Click… Continue reading Recommendations of 50th meeting of GST Council
El Nino, India, and the risk of food shortage
Source: The post is based on the article “El Nino, India, and the risk of food shortage published in Livemint on 11th July 2023 What is the News? The UN World Meteorological Organisation (WMO) has confirmed it: El Niño conditions have arrived and are expected to become moderate to strong as they develop over the… Continue reading El Nino, India, and the risk of food shortage
The unmaking of Vedanta-Foxconn’s chip dream: What went wrong?
Source: The post is based on the article “The unmaking of Vedanta-Foxconn’s chip dream: What went wrong?” published in Indian Express on 11th July 2023 What is the News? Taiwanese electronics manufacturer Foxconn has announced that it has withdrawn from a joint venture with Vedanta Ltd which was set up to produce semiconductors in India.… Continue reading The unmaking of Vedanta-Foxconn’s chip dream: What went wrong?
