Source: The post is based on the article “National Waterways Project” published in PIB on 28th July 2023. What is the News? The Union Minister for Ports, Shipping and Waterways has informed Lok Sabha about the initiatives taken for developing National Waterways. National Waterways for cargo and passenger movement: Currently, 111 waterways, including 5 existing… Continue reading National Waterways Project
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.
PM says India can become hub of chip-making industry
Source: The post is based on the article “PM says India can become hub of chip-making industry” published in The Hindu on 29th July 2023. What is the News? The Prime Minister has inaugurated the ‘Semicon India 2023’ conclave in Gujarat. This is the second edition of the conference, which was first held in 2022.… Continue reading PM says India can become hub of chip-making industry
India’s rice export ban impacts Asian and African nations most
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
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
