Category: Factly – Indian Economy

Source: The post is based on the article “Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments” published in The Hindu on 12th January 2023 Contents1 What is the News?2 How will the scheme promote payments using RuPay cards and the Unified Payments Interface (UPI)?3 What is Unified Payments Interface(UPI)?4 What are… Continue reading Centre earmarks ₹2,600 crore as incentive for banks to promote digital payments

Source: The post is based on the article “RBI’s revised guidelines for locker management” published in The Hindu on 11th January 2023 What is the News? The Reserve Bank of India (RBI) has released revised bank locker rules. The rules will take effect from January 1, 2023. Why were these revised bank locker rules released… Continue reading RBI’s revised guidelines for locker management

Source: The post is based on the article “To boost ‘Make in India’, Centre flags unfair tender norms” published in The Hindu on 6th January 2023 What is the News? The Union government has flagged over a dozen restrictive and discriminatory conditions which prevented local suppliers from participating in bidding processes initiated by its various… Continue reading To boost ‘Make in India’, Centre flags unfair tender norms

Source: The post is based on the article “India said to aim for $17 bln cut in food, fertiliser subsidies in FY24” published in The Hindu on 3rd January 2023 What is the News? The Government of India has planned to reduce food and fertilizer subsidies in this fiscal year starting April 2023. About India’s… Continue reading India said to aim for $17 bln cut in food, fertiliser subsidies in FY24