Source: The post is based on the article “Fifth of suspected money mule cases involve under-21s” published in Independent on 11th July 2023 What is the News? According to a report, young people under the age of 21 account for around one in five cases where money muling activity is suspected. What is Money Muling?… Continue reading Fifth of suspected money mule cases involve under-21s’
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.
Cabinet okays commercial mining of lithium, titanium
Source: The post is based on the article “Cabinet okays commercial mining of lithium, titanium” published in Livemint on 12th July 2023 Contents1 What is the News?2 Which are the six critical minerals where commercial mining will be allowed now?3 What are the uses of these critical minerals?4 What is the significance of this decision?… Continue reading Cabinet okays commercial mining of lithium, titanium
Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC
Source: The post is based on the article “Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC” published in The Hindu on 12th July 2023 Contents1 What is the News?2 What was the issue before the Supreme Court?3 What is… Continue reading Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC
Recommendations of 50th meeting of GST Council
Source: The post is based on the article “Recommendations of 50th meeting of GST Council” published in PIB on 11th July 2023 What is the News? The 50th meeting of the Goods and Services Tax(GST) Council was held under the chairmanship of the Union Finance Minister. What is the Goods and Services Tax(GST) Council? Click… Continue reading Recommendations of 50th meeting of GST Council
El Nino, India, and the risk of food shortage
Source: The post is based on the article “El Nino, India, and the risk of food shortage published in Livemint on 11th July 2023 What is the News? The UN World Meteorological Organisation (WMO) has confirmed it: El Niño conditions have arrived and are expected to become moderate to strong as they develop over the… Continue reading El Nino, India, and the risk of food shortage
The unmaking of Vedanta-Foxconn’s chip dream: What went wrong?
Source: The post is based on the article “The unmaking of Vedanta-Foxconn’s chip dream: What went wrong?” published in Indian Express on 11th July 2023 What is the News? Taiwanese electronics manufacturer Foxconn has announced that it has withdrawn from a joint venture with Vedanta Ltd which was set up to produce semiconductors in India.… Continue reading The unmaking of Vedanta-Foxconn’s chip dream: What went wrong?
RBI presses ahead with VRRR to suck out excess liquidity from banking system
Source: The post is based on the article “RBI presses ahead with VRRR to suck out excess liquidity from banking system” published in The Hindu Businessline on 7th July 2023 What is the News? The Reserve Bank of India (RBI) has said that it will conduct a three-day variable rate reverse repo (VRRR) auction for… Continue reading RBI presses ahead with VRRR to suck out excess liquidity from banking system
Import of urea may ease by 2025, alternative forms will replace it, says Minister
Source: The post is based on the article “Import of urea may ease by 2025, alternative forms will replace it, says Minister” published in The Hindu on 11th July 2023 Contents1 What is the News?2 What are the major components of the special package announced for farmers?3 What was the need for such a special… Continue reading Import of urea may ease by 2025, alternative forms will replace it, says Minister
GSTN launches geocoding in all states and UTs
Source: The post is based on the article “GSTN launches geocoding in all states and UTs” published in Indian Express on 8th July 2023 What is the News? The GST Network (GSTN) has introduced geocoding functionality in all states and union territories of India. What is Geocoding? Geocoding converts an address or description of a… Continue reading GSTN launches geocoding in all states and UTs
Explainer: What is the Farmers Distress Index?
Source: The post is based on the article “Explainer: What is the Farmers Distress Index?” published in Down To Earth on 6th July 2023 What is the News? Central Research Institute for Dryland Agriculture (CRIDA), an institution under the Indian Council of Agricultural Research (ICAR) has developed an early warning system called ‘farmers distress index’.… Continue reading Explainer: What is the Farmers Distress Index?
