Source: The post is based on the article “India’s wheat planting area up nearly 11% y/y on record prices” published in Business Standard on 26th November. What is the News? According to Government data, Indian farmers have planted wheat on 15.3 million hectares since October 1,2022 when the current sowing season began. This is an… Continue reading India’s wheat planting area up nearly 11% y/y on record prices
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.
What is a loan write-off and why do banks do it?
Source: The post is based on the article “What is a loan write-off and why do banks do it?” published in Indian Express on 23rd November. Contents1 What is the News?2 What is a loan write-off?3 Why do banks resort to write-offs?4 What is the amount written off by private banks and public sector banks?… Continue reading What is a loan write-off and why do banks do it?
Civil Aviation Ministry notifies draft Aircraft Security Rules, 2022
Source: The post is based on the article “Civil Aviation Ministry notifies draft Aircraft Security Rules, 2022” published in The Hindu on 24th November. What is the News? The Ministry of Civil Aviation has notified the Draft Aircraft Security Rules, 2022. What is the purpose of Draft Aircraft Security Rules, 2022? The Draft Aircraft Security… Continue reading Civil Aviation Ministry notifies draft Aircraft Security Rules, 2022
What India gains from FTA with Australia
Source: The post is based on the article “What India gains from FTA with Australia” published in Livemint on 24th November. Contents1 What is the News?2 How will Indian firms benefit from this deal?3 What’s in it for pharmaceutical companies? 4 Will ECTA give a push to labour-intensive industries? 5 Can India cut its trade deficit with… Continue reading What India gains from FTA with Australia
States’ fiscal deficit jumped by 78% after lockdown: RBI
Source: The post is based on the article “States’ fiscal deficit jumped by 78% after lockdown: RBI” published in Livemint on 20th November 2022 What is the News? Reserve Bank of India has released the seventh edition of its statistical publication titled “Handbook of Statistics on Indian States 2021-22”. What are the key highlights from… Continue reading States’ fiscal deficit jumped by 78% after lockdown: RBI
Union Minister launches India’s first Centre of Excellence for Green Port & Shipping
Source: The post is based on the article “Union Minister launches India’s first Centre of Excellence for Green Port & Shipping” published in PIB on 20th November 2022. What is the News? The Union Minister of Ports, Shipping & Waterways has announced India’s first National Centre of Excellence for Green Port & Shipping(NCoEGPS). What is… Continue reading Union Minister launches India’s first Centre of Excellence for Green Port & Shipping
Committee to monitor bulk drug parks
Source: The post is based on the article “Committee to monitor bulk drug parks” published in the Livemint on 17th November. What is the News? The department of pharmaceuticals has set up a high-level committee to monitor the progress of bulk drug parks that are being set up in three states. The parks in Andhra Pradesh,… Continue reading Committee to monitor bulk drug parks
TRAI to roll out caller ID system to rival Truecaller in 3 weeks
Source: The post is based on the article “TRAI to roll out caller ID system to rival Truecaller in 3 weeks” published in Livemint on 17th November 2022 Contents1 What is the News?2 How will TRAI’s caller ID work?3 How will TRAI called ID be different from Truecaller?4 How can this new feature be useful… Continue reading TRAI to roll out caller ID system to rival Truecaller in 3 weeks
SEBI puts in place registration, regulatory framework for online bond platform providers
Source: The post is based on the article “SEBI puts in place registration, regulatory framework for online bond platform providers” published in Livemint on 16th November 2022 Contents1 What is the News?2 What is an Online Bond Platform?3 Why regulatory framework for Online Bond Platform Providers (OBPPs)?4 What are the key provisions of the regulatory framework… Continue reading SEBI puts in place registration, regulatory framework for online bond platform providers
Nine Russian banks open Vostro accounts for rupee trade
Source: The post is based on the article “Nine Russian banks open Vostro accounts for rupee trade” published in The Hindu on 16th November 2022 What is the News? Nine Russian banks have been permitted to open special Vostro accounts to pave the way for export-import transactions. What is a Vostro account? A Vostro account… Continue reading Nine Russian banks open Vostro accounts for rupee trade
