Source: The post is based on the article “Loan loss provision by banks: Why has RBI proposed a new forward-looking approach?” published in Indian Express on 19th January 2023. Contents1 What is the News?2 What is loan-loss provision?3 What is the current approach followed by banks for Loan loss provision and what are its problems?4… Continue reading Loan loss provision by banks: Why has RBI proposed a new forward-looking approach?
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.
Survival of the Richest: The India story – India’s richest 1% own more than 40% of total wealth: Oxfam
Source: The post is based on the article “India’s richest 1% own more than 40% of total wealth: Oxfam” published in The Hindu on 18th January 2023. What is the News? Oxfam has released a report titled “Survival of the Richest: The India story”. What are the key findings of the Survival of the Richest:… Continue reading Survival of the Richest: The India story – India’s richest 1% own more than 40% of total wealth: Oxfam
Why India needs a fresh fertilizer policy
Source: The post is based on the article “Why India needs a fresh fertilizer policy” published in Livemint on 19th January 2023. Contents1 What is the News?2 What are the steps taken by the government to improve the availability of fertilizers?3 What is the impact of the current fertilizer policy?4 What has been the trend… Continue reading Why India needs a fresh fertilizer policy
India’s merchandise trade crosses the $1-trillion mark in 2022
Source: The post is based on the article “India’s merchandise trade crosses the $1-trillion mark in 2022” published in Business Standard on 17th January 2023. What is the News? India’s merchandise trade crossed the $ 1 trillion mark in the calendar year 2022 with the share of exports at $450 billion and imports at $723… Continue reading India’s merchandise trade crosses the $1-trillion mark in 2022
SEBI moots ASBA-like payment system for secondary market stock trade
Source: The post is based on the article “SEBI moots ASBA-like payment system for secondary market stock trade” published in Business Standard on 17th January 2023. What is the News? Securities and Exchange Board of India(SEBI) has given details of a proposed framework for shifting to a new payments system for secondary market trades. The… Continue reading SEBI moots ASBA-like payment system for secondary market stock trade
Wealth Report 2023 Attitude Survey: India Findings: Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report
Source: The post is based on the article “Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report” published in Business Standard on 16th January 2023. What is the News? Real estate company Knight Frank has released a report titled “Wealth Report 2023 Attitude Survey: India Findings”. What are the key… Continue reading Wealth Report 2023 Attitude Survey: India Findings: Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report
NFRA to introduce Annual Transparency Report by the Audit Firms
Source: The post is based on the article “NFRA to introduce Annual Transparency Report by the Audit Firms” published in PIB on 15th January 2023. Contents1 What is the News?2 What is the National Financial Reporting Authority(NFRA)?3 Why has NFRA proposed ATR requirements for audit firms?4 How will the ATR requirements for Audit firms be… Continue reading NFRA to introduce Annual Transparency Report by the Audit Firms
Levy anti-dumping duty on viscose fibre
Source: The post is based on the article “Levy anti-dumping duty on viscose fibre” published in The Hindu on 13th January 2023. What is the News? The Association of Man-made Fibre Industry of India(AMFII) has appealed to the Union Finance Ministry to accept the recommendations of the Directorate General of Trade Remedies(DGTR) on the levy… Continue reading Levy anti-dumping duty on viscose fibre
First time in India, FSSAI notifies comprehensive regulatory standards for Basmati Rice; Will be enforced from 1st August, 2023
Source: The post is based on the article “First time in India, FSSAI notifies comprehensive regulatory standards for Basmati Rice; Will be enforced from 1st August, 2023” published in PIB on 13th January 2023. What is the News? Food Safety and Standards Authority of India (FSSAI) has notified standards for basmati rice. They will be… Continue reading First time in India, FSSAI notifies comprehensive regulatory standards for Basmati Rice; Will be enforced from 1st August, 2023
India has made marked progress in LAC infra development: Army chief
Source: The post is based on the article “India has made marked progress in LAC infra development: Army chief” published in The Hindu on 13th January 2023. What is the News? Recently, the Indian Army chief General has said that there has been a “marked improvement” in India’s infrastructure development along the Line of Actual Control… Continue reading India has made marked progress in LAC infra development: Army chief
