Source: The post is based on the article “India’s rice export ban impacts Asian and African nations most” published in The Hindu on 27th July 2023 What is the News? Panic-stricken Non-Resident Indians (NRIs) in the United States are rushing to grocery stores and supermarkets to hoard bags of rice. The sudden rush to hoard… Continue reading India’s rice export ban impacts Asian and African nations most
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.
SEBI chief says instant settlement of trades in the works: What does it mean, and how will investors benefit?
Source: The post is based on the article “SEBI chief says instant settlement of trades in the works: What does it mean, and how will investors benefit?” published in Indian Express on 25th July 2023. Contents1 What is the News?2 What is meant by Trade Settlement?3 What has SEBI announced now?4 What will T+0 change… Continue reading SEBI chief says instant settlement of trades in the works: What does it mean, and how will investors benefit?
Full-reserve banking: where banks act solely as custodians of customers’ money
Source: The post is based on the article “Full-reserve banking: where banks act solely as custodians of customers’ money” published in The Hindu on 26th July 2023. Contents1 What is the News?2 What is Full-reserve banking?3 What is the type of banking system that exists in most of the countries currently?4 What are the experts’… Continue reading Full-reserve banking: where banks act solely as custodians of customers’ money
Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
Source: The post is based on the article “Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI” published in Indian Express on 24th July 2023. Contents1 What is the News?2 What is a loan write-off?3 Why do banks resort to write-offs?4 What do the RBI guidelines say on Loan write-offs? What… Continue reading Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
Rajasthan minimum income Bill: provisions, what makes it unique
Source: The post is based on the article “Rajasthan minimum income Bill: provisions, what makes it unique” published in Indian Express on 21st July 2023 Contents1 What is the News?2 What is Rajasthan Minimum Guaranteed Income Bill, 2023?3 Key Provisions of the Bill: 4 What is the significance of this bill? What is the News? The… Continue reading Rajasthan minimum income Bill: provisions, what makes it unique
Poor no longer? Dimensions of poverty in India
Source: The post is based on the article “Poor no longer? Dimensions of poverty in India” published in Livemint on 19th July 2023 Contents1 What is the News?2 What is Multidimensional Poverty(MDP)?3 How do we measure Multidimensional Poverty(MDP)?4 What are the key findings of National Multidimensional Poverty(MDP) 2023?5 How did India reduce multidimensional poverty so… Continue reading Poor no longer? Dimensions of poverty in India
DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes
Source: The post is based on the article “DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes” published in PIB on 17th July 2023 What is the News? The Directorate General of Foreign Trade (DGFT) is implementing the Advance Authorisation Scheme. What is an Advance Authorisation Scheme? Directorate General of… Continue reading DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes
RBI to detail SOP for banks to help expedite rupee trade
Source: The post is based on the article “RBI to detail SOP for banks to help expedite rupee trade” published in The Hindu on 18th July 2023 What is the News? The Reserve Bank of India (RBI) is expected to issue a standard operating procedure for banks to expeditiously issue FIRC (Foreign Inward Remittance Certificate)… Continue reading RBI to detail SOP for banks to help expedite rupee trade
Union Minister of Cooperation inaugurates the National Mega Conclave on FPO in the cooperative sector
Source: The post is based on the article “Union Minister of Cooperation inaugurates the National Mega Conclave on FPO in the cooperative sector” published in PIB on 14th July 2023 What is the News? The Union Minister of Cooperation has addressed the National Mega Conclave on Farmer Producer Organisations (FPO) in the cooperative sector. The… Continue reading Union Minister of Cooperation inaugurates the National Mega Conclave on FPO in the cooperative sector
Export Preparedness Index (EPI) Report, 2022
Source: The post is based on the article “Export Preparedness Index (EPI) Report, 2022” published in PIB on 14th July 2023 What is the News? NITI Aayog will be releasing the third edition of Export Preparedness Index (EPI) for States/UTs of India for the year 2022. What is the Export Preparedness Index (EPI)? EPI is… Continue reading Export Preparedness Index (EPI) Report, 2022
