Source: The post is based on the article “Indian Railways’ PSUs, RITES Ltd and IRCON granted Navratna status” published in “PIB” on 14th October 2023 What is the News? Ircon International Limited (IRCON) and RITES Ltd(RITES) have been announced as 15th and 16th Navratna respectively. These are both Central Public Sector Enterprise (CPSE) under the… Continue reading Indian Railways’ PSUs, RITES Ltd and IRCON granted Navratna status
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 proposes card-on-file tokenization for debit and credit cards: What this means for online shoppers
Source: The post is based on the article “RBI proposes card-on-file tokenization for debit and credit cards: What this means for online shoppers” published in “TOI” on 10th October 2023 What is the News? The Reserve Bank of India (RBI) Governor has recently proposed the introduction of card-on-file tokenization (CoFT) facility at the issuer-bank level.… Continue reading RBI proposes card-on-file tokenization for debit and credit cards: What this means for online shoppers
State-owned NBFCs put under PCA norms
Source: The post is based on the article “State-owned NBFCs put under PCA norms” published in “The Hindu” on 11th October 2023 What is the News? The Reserve Bank of India(RBI) has announced that it will bring state-owned non-banking finance companies(NBFCs) under the prompt corrective action (PCA) framework from October 2023. What is the Prompt… Continue reading State-owned NBFCs put under PCA norms
Why Punjab wants to ban the cultivation of PUSA-44 paddy variety
Source: The post is based on the article “Why Punjab wants to ban the cultivation of PUSA-44 paddy variety” published in “Indian Express” on 10th October 2023 What is the News? Punjab Chief Minister has announced that the state will ban the cultivation of the PUSA-44 paddy variety from 2024. When did Punjab farmers begin… Continue reading Why Punjab wants to ban the cultivation of PUSA-44 paddy variety
Periodic Labour Force Survey(PLFS) Annual Report 2022-2023 Released
Source: The post is based on the article “Periodic Labour Force Survey(PLFS) Annual Report 2022-2023 Released” published in “PIB” on 10th October 2023 What is the News? The National Sample Survey Office(NSSO) has released the Periodic Labour Force Survey (PLFS) Annual Report 2022-23. What is the Periodic Labour Force Survey(PLFS)? Launched in: 2017 by National… Continue reading Periodic Labour Force Survey(PLFS) Annual Report 2022-2023 Released
Recommendations of 52nd GST Council Meeting
Source: The post is based on the article “Recommendations of 52nd GST Council Meeting” published in “PIB” on 9th October 2023 What is the News? The 52nd GST Council met under the Chairpersonship of the Union Minister for Finance. What is the GST Council? Goods and Services Tax regime came into force after the Constitutional… Continue reading Recommendations of 52nd GST Council Meeting
RuPay Domestic Card Scheme Agreement between India and the UAE
Source: The post is based on the article “RuPay Domestic Card Scheme Agreement between India and the UAE” published in “PIB” on 6th October 2023 Contents1 What is the News?2 What is the purpose of the agreement signed between NIPL and UAE?3 What is Rupay?4 What is the significance of India’s Digital Public Infrastructure (DPI)?… Continue reading RuPay Domestic Card Scheme Agreement between India and the UAE
National Investment and Infrastructure Fund (NIIF) launches $600 million India-Japan Fund (IJF) with Government of India and Japan Bank for International Cooperation (JBIC) as anchor investors
Source: The post is based on the article “National Investment and Infrastructure Fund (NIIF) launches $600 million India-Japan Fund (IJF) with Government of India and Japan Bank for International Cooperation (JBIC) as anchor investors” published in “PIB” on 5th October 2023 What is the News? The National Investment and Infrastructure Fund(NIIF) has entered into a… Continue reading National Investment and Infrastructure Fund (NIIF) launches $600 million India-Japan Fund (IJF) with Government of India and Japan Bank for International Cooperation (JBIC) as anchor investors
Cross-border CBDC trading: BIS and central banks successfully conclude Project Mariana Test
Source: The post is based on the article “Cross-border CBDC trading: BIS and central banks successfully conclude Project Mariana Test” published in “Economic Times” on 3rd October 2023 What is the News? The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, has announced the successful conclusion of… Continue reading Cross-border CBDC trading: BIS and central banks successfully conclude Project Mariana Test
Insolvency and Bankruptcy Board of India (IBBI) celebrates its Seventh Annual Day
Source: The post is based on the article “Insolvency and Bankruptcy Board of India (IBBI) celebrates its Seventh Annual Day” published in “PIB” on 3rd October 2023. What is the News? The Insolvency and Bankruptcy Board of India(IBBI) has celebrated its Seventh Annual Day. What is the Insolvency and Bankruptcy Board of India(IBBI)? The Insolvency… Continue reading Insolvency and Bankruptcy Board of India (IBBI) celebrates its Seventh Annual Day
