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.

Interim Budget 2024: India increases allocation for Maldives

Source-This post on India increases allocation for Maldives is based on the article “India increasing allocation for Maldives, ₹400 crore revised to ₹770.9 crore” published in “The Hindu” on 1st February, 2024. Why in the News? In the interim budget of 2024, Maldives received a significant portion of the annual allocation for the Ministry of… Continue reading Interim Budget 2024: India increases allocation for Maldives

Market Access Initiative (MAI) scheme

Source-This post on Market Access Initiative (MAI) scheme has been created based on the article “Interim Budget 2024: Exporters seek higher allocation for MAI scheme” published in “Business Standard” on 29 January 2024. Why in the news? Ahead of the interim Budget 2024, exporters have urged the government to allocate funds worth $3.88 billion for… Continue reading Market Access Initiative (MAI) scheme

Foreign Portfolio Investors (FPI) disclosure norms deadline extended

Source-This post is based on the article “FPI disclosure norms deadline extended: Why is SEBI seeking investor data?” published in “The Indian Express” on 26th January 2024. Why in the News? The Securities and Exchange Board of India (SEBI) has extended the timeframe for Foreign Portfolio Investors (FPIs) to reveal details about all entities with… Continue reading Foreign Portfolio Investors (FPI) disclosure norms deadline extended

RBI guidelines on State guarantees

Source-This post is based on the article “RBI’s guidelines on State ‘guarantees’ on borrowings ” published in “The Hindu” on 27th January 2024. Why in the News? A working group formed by the Reserve Bank of India (RBI) put forth recommendations to tackle issues regarding guarantees provided by State governments. What defines a ‘state guarantee’?… Continue reading RBI guidelines on State guarantees

Investment Forum for Advancing Climate Resilient Agrifood Systems in India launched

Source-This post is based on the article “Investment Forum for Advancing Climate Resilient Agrifood Systems in India Launched” published in “PIB” on 24th January 2024. Why in the News? Recently, the ‘Investment Forum for Advancing Climate-Resilient Agrifood Systems in India’ was launched in New Delhi. What is Investment Forum for Advancing Climate Resilient Agrifood Systems… Continue reading Investment Forum for Advancing Climate Resilient Agrifood Systems in India launched

Gir and Kankrej cows

Source:-This post has been created based on the article “India imports bull semen from Brazil to raise milk production” published in “Livemint” on 21 January 2024. Why in the news? India has imported 40,000 doses of bull semen from Brazil for the first time to boost milk output via artificial insemination. About Gir cow Aspect… Continue reading Gir and Kankrej cows

Zero-duty unrefined gold imports

Source: This post is based on the article “Zero-duty unrefined gold imports take the shine off local players” published in “Business Standard” on 22nd January 2024. Why in the news? The government has asked bullion refineries to not import gold under zero duty from LDC (Least Developing Countries). What is unrefined gold and what are… Continue reading Zero-duty unrefined gold imports

Quality Control Order (QCO): 220 Goods to Get Quality Norms

Source-This post is based on the article “220 goods to get quality norms” published in “Live Mint” on 19th January 2024. Why in The News? Quality Control Order (QCO) norms mandate adherence for around 220 products, encompassing both domestically manufactured and imported items, by May 2027. The majority, 218 products, are expected to meet the… Continue reading Quality Control Order (QCO): 220 Goods to Get Quality Norms

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