Source: The post is based on the article “Why the RBI has proposed setting-up a Self Regulatory Organisation for fintechs” published in Indian Express on 8th September 2023 Contents1 What is the News?2 What are Self-Regulatory Organizations (SROs)?3 What is the need for an SRO?4 What are the functions of SRO?5 What are the advantages… Continue reading Why the RBI has proposed setting-up a Self Regulatory Organisation for fintechs
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.
Thali economics: How food inflation is pinching vegetarian households more, why September promises some respite
Source: The post is based on the article “Thali economics: How food inflation is pinching vegetarian households more, why September promises some respite” published in Indian Express on 9th September 2023 Contents1 What is the News?2 What is a thali meal and how are its costs calculated?3 What led to the rise in prices of… Continue reading Thali economics: How food inflation is pinching vegetarian households more, why September promises some respite
RBI decides to discontinue I-CRR in a phased manner
Source: The post is based on the article “RBI decides to discontinue I-CRR in a phased manner” published in The Hindu on 9th September 2023 What is the News? The Reserve Bank of India (RBI) has announced that it would discontinue the incremental cash reserve ratio (I-CRR) in a phased manner. What is the Incremental… Continue reading RBI decides to discontinue I-CRR in a phased manner
A blanket ban on crypto hard to implement: Report
Source: The post is based on the article “A blanket ban on crypto hard to implement: Report” published in Livemint on 8th September 2023 What is the News? The International Monetary Fund(IMF) and the Financial Stability Board (FSB) have released advanced policy and regulatory recommendations to identify and respond to macroeconomic and financial stability risks… Continue reading A blanket ban on crypto hard to implement: Report
UPI QR Code-Central Bank Digital Currency interoperability: How does it work and how do customers benefit?
Source: The post is based on the article “UPI QR Code-Central Bank Digital Currency interoperability: How does it work and how do customers benefit?” published in Indian Express on 6th September 2023 Contents1 What is the News?2 What is Interoperability?3 What is QR Code?4 What is UPI QR code-CBDC interoperability?5 How will this benefit customers… Continue reading UPI QR Code-Central Bank Digital Currency interoperability: How does it work and how do customers benefit?
FM flags threats to financial system from crypto, tax havens
Source: The post is based on the article “FM flags threats to financial system from crypto, tax havens” published in The Hindu on 6th September 2023 What is the News? The Finance Minister has addressed the delegates at the Global Fintech Fest (GFF) 2023 being held in Mumbai. What are the key highlights from the… Continue reading FM flags threats to financial system from crypto, tax havens
As UPI crosses 10 billion transactions-mark, a look at India’s key foreign policy sell: Digital public infra
Source: The post is based on the article “As UPI crosses 10 billion transactions-mark, a look at India’s key foreign policy sell: Digital public infra” published in Indian Express on 4th September 2023 Contents1 What is the News?2 What is Digital public infrastructure(DPI)?3 What is India’s Digital public infrastructure (DPI)?4 How is India Stack part… Continue reading As UPI crosses 10 billion transactions-mark, a look at India’s key foreign policy sell: Digital public infra
Combined Index of Eight Core Industries increases by 8.0% (provisional) in July 2023 as compared to the Index of July 2022
Source: The post is based on the article “Combined Index of Eight Core Industries increases by 8.0% (provisional) in July 2023 as compared to the Index of July 2022” published in PIB 1st September 2023 What is the News? The combined Index of Eight Core Industries (ICI) has increased by 8.0% (provisional) in July 2023… Continue reading Combined Index of Eight Core Industries increases by 8.0% (provisional) in July 2023 as compared to the Index of July 2022
Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes nine years of successful implementation
Source: The post is based on the article “Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes nine years of successful implementation” published in PIB on 28th August 2023 Contents1 What is the News?2 What is Pradhan Mantri Jan Dhan Yojana(PMJDY)?3 What is the impact of PMJDY?4 What are the achievements… Continue reading Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes nine years of successful implementation
Government imposes restrictions on export of Basmati rice
Source: The post is based on the article “Government imposes restrictions on export of Basmati rice” published in The Hindu on 28th August 2023 Contents1 What is the News?2 Why has the government imposed restrictions on export of Basmati rice?3 Why has India banned the export of non-basmati white rice?4 Why is India crucial to… Continue reading Government imposes restrictions on export of Basmati rice
