Source: The post is based on the article “RBI presses ahead with VRRR to suck out excess liquidity from banking system” published in The Hindu Businessline on 7th July 2023 What is the News? The Reserve Bank of India (RBI) has said that it will conduct a three-day variable rate reverse repo (VRRR) auction for… Continue reading RBI presses ahead with VRRR to suck out excess liquidity from banking system
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.
Import of urea may ease by 2025, alternative forms will replace it, says Minister
Source: The post is based on the article “Import of urea may ease by 2025, alternative forms will replace it, says Minister” published in The Hindu on 11th July 2023 Contents1 What is the News?2 What are the major components of the special package announced for farmers?3 What was the need for such a special… Continue reading Import of urea may ease by 2025, alternative forms will replace it, says Minister
GSTN launches geocoding in all states and UTs
Source: The post is based on the article “GSTN launches geocoding in all states and UTs” published in Indian Express on 8th July 2023 What is the News? The GST Network (GSTN) has introduced geocoding functionality in all states and union territories of India. What is Geocoding? Geocoding converts an address or description of a… Continue reading GSTN launches geocoding in all states and UTs
Explainer: What is the Farmers Distress Index?
Source: The post is based on the article “Explainer: What is the Farmers Distress Index?” published in Down To Earth on 6th July 2023 What is the News? Central Research Institute for Dryland Agriculture (CRIDA), an institution under the Indian Council of Agricultural Research (ICAR) has developed an early warning system called ‘farmers distress index’.… Continue reading Explainer: What is the Farmers Distress Index?
Outstanding performance by India in United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation
Source: The post is based on the article “Outstanding performance by India in United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation” published in PIB on 7th July 2023 What is the News? United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) has released the… Continue reading Outstanding performance by India in United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation
Govt. to share PM Gati Shakti data
Source: The post is based on the article “Govt. to share PM Gati Shakti data” published in The Hindu on 8th July 2023 Contents1 What is the News?2 What is PM Gati Shakti?3 What is the institutional framework of PM Gati Shakti?4 What is the progress under PM Gati Shakti? What is the News? Government… Continue reading Govt. to share PM Gati Shakti data
RBI panel recommendations for internationalization of rupee
Source: The post is based on the article “RBI panel recommends measures for internationalization of rupee” published in Indian Express on 6th July 2023. Contents1 What is the News?2 About RBI Inter-Departmental Group(IDG):3 What is Internationalization of the rupee?4 What are the benefits of Internationalization of the rupee according to Inter-Departmental Group (IDG)?5 What are… Continue reading RBI panel recommendations for internationalization of rupee
Impact of CSR funds ‘not widely felt’ despite jump in spending: Ministry of Corporate Affairs
Source: The post is based on the article “Impact of CSR funds ‘not widely felt’ despite jump in spending: Ministry of Corporate Affairs” published in Economic Times on 2nd July 2023. What is the News? The Ministry of Corporate Affairs (MCA) has said that there has been a limited impact of corporate social responsibility (CSR)… Continue reading Impact of CSR funds ‘not widely felt’ despite jump in spending: Ministry of Corporate Affairs
Union Minister lays foundation stone of Inland Waterways Transport Terminal at Bogibeel, Dibrugarh
Source: The post is based on the article “Union Minister lays foundation stone of Inland Waterways Transport Terminal at Bogibeel, Dibrugarh” published in PIB on 5th July 2023. What is the News? Union Minister of Ports, Shipping & Waterways has laid the foundation stone of Inland Waterways Transport (IWT) terminal to be developed at Bogibeel… Continue reading Union Minister lays foundation stone of Inland Waterways Transport Terminal at Bogibeel, Dibrugarh
Startup20 -India’s remarkable economic scale and market potential enable startups to flourish and thrive in global startup ecosystem: Union Commerce and Industry Minister
Source: The post is based on the article “India’s remarkable economic scale and market potential enable startups to flourish and thrive in global startup ecosystem: Union Commerce and Industry Minister” published in PIB on 3rd July 2023. What is the News? The Union Minister for Commerce and Industry has addressed the Startup20 meeting at Gurugram.… Continue reading Startup20 -India’s remarkable economic scale and market potential enable startups to flourish and thrive in global startup ecosystem: Union Commerce and Industry Minister
