Source: The post is based on the article “WTO flags poor use of India’s preferential scheme for LDCs” published in the Business Standard on 03rd June 2023 What is the News? According to a recent report, about 85% of about 11,000 products offered at zero tariff by India to least developed countries (LDCs) under the duty-free quota-free… Continue reading WTO flags poor use of India’s preferential scheme for LDCs
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.
Oil reserves in salt caverns: The potential in India
Source: The post is based on the article “Oil reserves in salt caverns: The potential in India” published in the Indian Express on 03rd June 2023 Contents1 What is the News?2 About India’s present strategic oil reserves3 How are salt cavern-based reserves different from rock cavern-based reserves?4 What is the global example of salt cavern-based reserves?5… Continue reading Oil reserves in salt caverns: The potential in India
IRDAI eyes insurance push in rural areas with ‘Bima Vahak’
Source: The post is based on the article “IRDAI eyes insurance push in rural areas with ‘Bima Vahak’” published in The Hindu on 3rd June 2023 Contents1 What is the News?2 About the all-in-one insurance policy3 Who are Bima Vaahaks?4 About the draft guidelines on Bima Vaahaks5 What will be the expected benefits of Bima Vaahaks?6 What will be the expected… Continue reading IRDAI eyes insurance push in rural areas with ‘Bima Vahak’
RBI governor cautions against evergreening of loans: Are banks, corporates still window-dressing loans?
Source: The post is based on the article “RBI governor cautions against evergreening of loans: Are banks, corporates still window-dressing loans?” published in the Indian Express on 1st June 2023 Contents1 What is the News?2 What is the evergreening of loans?3 What are the approaches used by banks for evergreening loans?4 What does the evergreening of loans mean?5 What… Continue reading RBI governor cautions against evergreening of loans: Are banks, corporates still window-dressing loans?
India-Russia joint venture on Vande Bharat trains hits hurdle
Source: The post is based on the article “India-Russia joint venture on Vande Bharat trains hits hurdle” published in The Hindu on 2nd June 2023 Contents1 What is the News?2 What are the Vande Bharat trains?3 About India-Russia joint venture on Vande Bharat trains4 What are the problems faced by India-Russia joint venture on Vande Bharat trains? What is the… Continue reading India-Russia joint venture on Vande Bharat trains hits hurdle
Cabinet approves Constitution and Empowerment of an Inter-Ministerial Committee (IMC) for Facilitation of “World’s Largest Grain Storage Plan in Cooperative Sector”
Source: The post is based on the following articles “Cabinet approves Constitution and Empowerment of an Inter-Ministerial Committee (IMC) for Facilitation of “World’s Largest Grain Storage Plan in Cooperative Sector”” published in the PIB on 31st May 2023 “World’s largest grain storage plan: Centre to implement pilot project in 10 districts” published in The Hindu on 1st… Continue reading Cabinet approves Constitution and Empowerment of an Inter-Ministerial Committee (IMC) for Facilitation of “World’s Largest Grain Storage Plan in Cooperative Sector”
Central Electricity Authority notifies the National Electricity Plan for the period of 2022-32
Source: The post is based on the article “Central Electricity Authority notifies the National Electricity Plan for the period of 2022-32” published in the PIB on 31st May 2023 Contents1 What is the News?2 About the National Electricity Plan (NEP)3 What are the key features of the National Electricity Plan (NEP) 2022-32?4 What are the challenges ahead in… Continue reading Central Electricity Authority notifies the National Electricity Plan for the period of 2022-32
Alternative to UPI, NEFT, RTGS: What is RBI’s planned ‘lightweight’ payments system for emergencies?
Source: The post is based on the article “Alternative to UPI, NEFT, RTGS: What is RBI’s planned ‘lightweight’ payments system for emergencies?” published in Indian Express on 31st May 2023 What is the News? The Reserve Bank of India(RBI) has conceptualized a Lightweight Payment and Settlements System. What is the Lightweight Payment and Settlement System… Continue reading Alternative to UPI, NEFT, RTGS: What is RBI’s planned ‘lightweight’ payments system for emergencies?
World Energy Investment Report 2023: Clean energy funds rise, but mostly in China, Europe, U.S.
Source: The post is based on the article “Clean energy funds rise, but mostly in China, Europe, U.S.” published in The Hindu on 31st May 2023 What is the News? The International Energy Agency has released the World Energy Investment Report 2023. What are the key findings of the World Energy Investment Report 2023? Investment… Continue reading World Energy Investment Report 2023: Clean energy funds rise, but mostly in China, Europe, U.S.
Amid reports of shortage, FSSAI to hold surveillance on milk and milk products
Source: The post is based on the article “Amid reports of shortage, FSSAI to hold surveillance on milk and milk products” published in The Hindu on 26th May 2023 Contents1 What is the News?2 What is the need for FSSAI surveillance in the Dairy sector?3 How FSSAI surveillance in the Dairy sector will operate?4 How FSSAI surveillance in the Dairy… Continue reading Amid reports of shortage, FSSAI to hold surveillance on milk and milk products
