Source: The post is based on the article “Committee of Experts to ‘Onshoring the Indian Innovation to GIFT IFSC” published in PIB on 25th August 2023. What is the News? The Committee of Experts appointed by the International Financial Services Centres Authority (IFSCA) to explore ‘Onshoring the Indian Innovation to Gujarat International Finance Tec-city International… Continue reading Committee of Experts to ‘Onshoring the Indian Innovation to GIFT IFSC’
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.
PLFS data elucidates a burgeoning trend of youth and individuals from varied age groups actively embracing the workforce
Source: The post is based on the article “PLFS data elucidates a burgeoning trend of youth and individuals from varied age groups actively embracing the workforce” published in PIB on 24th August 2023. What is the News? According to the Centre for Monitoring Indian Economy (CMIE), there has been a noticeable shift in India’s workforce… Continue reading PLFS data elucidates a burgeoning trend of youth and individuals from varied age groups actively embracing the workforce
Developers, financiers will have to take ‘haircuts’: Committee on stalled housing projects suggests
Source: The post is based on the article “Developers, financiers will have to take ‘haircuts’: Committee on stalled housing projects suggests” published in Indian Express on 22nd August 2023. Contents1 What is the News?2 About the committee to examine stalled Real Estate projects:3 What is the status of housing projects?4 What are the recommendations given… Continue reading Developers, financiers will have to take ‘haircuts’: Committee on stalled housing projects suggests
Price hike on some food items transitory, elevated inflation warrants greater vigil: FinMin
Source: The post is based on the article “Price hike on some food items transitory, elevated inflation warrants greater vigil: FinMin” published in Indian Express on 23rd August 2023. What is the News? The Finance Ministry has released its monthly economic review for July,2023. What are the key observations made by the Finance Ministry? Food… Continue reading Price hike on some food items transitory, elevated inflation warrants greater vigil: FinMin
UP, Gujarat among top 5 states in new investments; Kerala, Assam at bottom
Source: The post is based on the article “UP, Gujarat among top 5 states in new investments; Kerala, Assam at bottom” published in Indian Express on 20th August 2023. What is the News? According to a study by the Reserve Bank of India (RBI), five states accounted for more than half of the total bank-assisted… Continue reading UP, Gujarat among top 5 states in new investments; Kerala, Assam at bottom
What is RBI’s new pilot for frictionless credit?
Source: The post is based on the article “What is RBI’s new pilot for frictionless credit?” published in The Hindu on 21st August 2023. Contents1 What is the News?2 What is Frictionless credit?3 Why Frictionless credit needed?4 What are the expected benefits of this platform? What is the News? The Reserve Bank of India (RBI)… Continue reading What is RBI’s new pilot for frictionless credit?
RBI launches web portal for searching unclaimed deposits
Source: The post is based on the article “RBI launches web portal for searching unclaimed deposits” published in Indian Express on 18th August 2023. What is the News? The Reserve Bank of India(RBI) has launched the UDGAM Portal. What is UDGAM Portal? UDGAM stands for Unclaimed Deposits – Gateway to Access information. Purpose: To aid… Continue reading RBI launches web portal for searching unclaimed deposits
Will the Federal fund hike impact developing country debt?
Source: The post is based on the article “Will the Federal fund hike impact developing country debt?” published in The Hindu on 11th August 2023. Contents1 What is the News?2 What is the Federal Funds Rate?3 Why is the US Fed increasing interest rates?4 How does Federal Funds Rate impact India? What is the News?… Continue reading Will the Federal fund hike impact developing country debt?
House panel tells govt. to ensure fertilizer availability, increase local production
Source: The post is based on the article “House panel tells govt. to ensure fertilizer availability, increase local production” published in The Hindu on 9th August 2023. What is the News? The Standing Committee of Parliament on Chemicals and Fertilizers has posed questions on the availability of fertilizers and a subsidy policy. What are the… Continue reading House panel tells govt. to ensure fertilizer availability, increase local production
How a WTO provision became a tool for nations to curb imports
Source: The post is based on the article “How a WTO provision became a tool for nations to curb imports” published in Business Standard on 9th August 2023. What is the News? The Government of India has recently imposed restrictions on the import of laptops, tablets, and personal computers. The new regulations mandate Companies to… Continue reading How a WTO provision became a tool for nations to curb imports
