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
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.
Financing India’s infrastructure: India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report
Source: The post is based on the article “India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report” published in The Hindu on 15th November 2022. Contents1 What is the News?2 Why India needs to finance India’s Infrastructure?3 What are the key findings about financing India’s Infrastructure projects?4 What… Continue reading Financing India’s infrastructure: India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report
General Network Access: Regulatory loopholes may end up favouring bigger players: Experts
Source: The post is based on the article “Regulatory loopholes may end up favouring bigger players: Experts” published in The Hindu on 14th November 2022. Contents1 What is the News?2 What is General Network Access(GNA)?3 What are the benefits of the General Network Access(GNA) regulatory framework?4 What are the issues with the GNA framework now?… Continue reading General Network Access: Regulatory loopholes may end up favouring bigger players: Experts
Significant inefficiencies: RBI report on municipal corporations
Source: The post is based on the article “Significant inefficiencies: RBI report on municipal corporations” published in Indian Express on 11th November 2022. What is the News? The Reserve Bank of India (RBI) has released a document titled “Report on Municipal Finances”. What are the key observations made by the report? On Municipal Corporations (MCs):… Continue reading Significant inefficiencies: RBI report on municipal corporations
Centre formulates action plan to promote exports of millets and value-added products of millets
Source: The post is based on the article “Centre formulates action plan to promote exports of millets and value-added products of millets” published in PIB on 10th November 2022. Contents1 What is the News?2 What is Millets exports promotion programme?2.1 Key Features of the programme3 About Millets production in India What is the News? The… Continue reading Centre formulates action plan to promote exports of millets and value-added products of millets
Centre’s capex infusion strategy needs rethink
Source: The post is based on the article “Centre’s capex infusion strategy needs rethink” published in Livemint on 10th November 2022. What is the News? The Government of India is likely to raise its capital expenditure plan further.It could raise its expenditure from 7.5 trillion rupees in FY23 to 10 trillion rupees in FY24. What… Continue reading Centre’s capex infusion strategy needs rethink
Rupee-denominated trade made eligible for export promotion, obligation schemes
Source: The post is based on the article “Rupee-denominated trade made eligible for export promotion, obligation schemes” published in The Hindu on 10th November 2022. Contents1 What is the News?2 Background3 What has been announced now?4 WRupee-denominated trade made eligible for export promotion, obligation schemess the significance of this decision? What is the News? The… Continue reading Rupee-denominated trade made eligible for export promotion, obligation schemes
FinMin clears framework for sovereign green bonds
Source: The post is based on the article “FinMin clears framework for sovereign green bonds” published in Indian Express on 10th November 2022. Contents1 What is the News?2 What are Green Bonds?3 About Sovereign Green Bonds Framework4 What constitutes green expenditure?5 Who will implement the Sovereign Green Bonds Framework? What is the News? The Finance… Continue reading FinMin clears framework for sovereign green bonds
Rupee-based trade: India pushes Rupee trade beyond Russia
Source: The post is based on the article “India pushes Rupee trade beyond Russia” published in The Hindu on 9th November 2022. Contents1 What is the News?2 About overseas Trade in Indian Rupee 3 How does the rupee-based trade work?4 Is rupee-based trade feasible in the long run? What is the News? On the lines of… Continue reading Rupee-based trade: India pushes Rupee trade beyond Russia
Implementation of Broadcast Air-Time Scheduler(BATS) for all Commercial Operations of All India Radio
Source: The post is based on the article “Implementation of Broadcast Air-Time Scheduler(BATS) for all Commercial Operations of All India Radio” published in PIB on 8th November 2022. What is the News? Prasar Bharati has inaugurated a fully integrated Traffic & Billing application software “Broadcast Air-Time Scheduler (BATS)” for all Commercial Operations of All India… Continue reading Implementation of Broadcast Air-Time Scheduler(BATS) for all Commercial Operations of All India Radio
