Source: The post is based on the article “India’s goods trade deficit hits a 10-month high” published in The Hindu on 16th September 2023 What is the News? India’s foreign trade has hit a fresh trough in August with the goods trade deficit hitting a 10-month high. India’s Foreign Trade Challenges in August,2023: Goods exports… Continue reading India’s goods trade deficit hits a 10-month high
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.
Transport Minister mentions tax on diesel vehicles: Why is diesel under pressure?
Source: The post is based on the article “Transport Minister mentions tax on diesel vehicles: Why is diesel under pressure?” published in Indian Express on 12th September 2023 What is the News? The Road Transport Minister has suggested that people should shift away from using petrol and diesel fuels. He mentioned that if the usage… Continue reading Transport Minister mentions tax on diesel vehicles: Why is diesel under pressure?
IICA and UNICEF jointly organize workshop on Business Responsibility and Sustainability Reporting(BRSR)
Source: The post is based on the article “IICA and UNICEF jointly organize workshop on Business Responsibility and Sustainability Reporting(BRSR)” published in PIB on 12th September 2023 What is the News? Indian Institute of Corporate Affairs(IICA) has organized a workshop on Business Responsibility and Sustainability Reporting(BRSR) in collaboration with UNICEF and National Stock Exchange. What… Continue reading IICA and UNICEF jointly organize workshop on Business Responsibility and Sustainability Reporting(BRSR)
Rice sowing area surpasses 400 lakh hectares marks
Source: The post is based on the article “Rice sowing area surpasses 400 lakh hectares marks” published in PIB on 12th September 2023 What is the News? The Department of Agriculture and Farmers’ Welfare has released the progress of area coverage under kharif crops. What are the key takeaways from the data on Kharif Crops?… Continue reading Rice sowing area surpasses 400 lakh hectares marks
Why the RBI has proposed setting-up a Self Regulatory Organisation for fintechs
Source: The post is based on the article “Why the RBI has proposed setting-up a Self Regulatory Organisation for fintechs” published in Indian Express on 8th September 2023 What is the News? The Reserve Bank of India(RBI) Governor has called upon fintech entities to establish Self-Regulatory Organizations (SROs). What are Self-Regulatory Organizations (SROs)? Source: Economic… Continue reading Why the RBI has proposed setting-up a Self Regulatory Organisation for fintechs
Thali economics: How food inflation is pinching vegetarian households more, why September promises some respite
Source: The post is based on the article “Thali economics: How food inflation is pinching vegetarian households more, why September promises some respite” published in Indian Express on 9th September 2023 What is the News? According to a rating firm Crisil, the increase in food prices is affecting both vegetarian and non-vegetarian meals, with a… Continue reading Thali economics: How food inflation is pinching vegetarian households more, why September promises some respite
RBI decides to discontinue I-CRR in a phased manner
Source: The post is based on the article “RBI decides to discontinue I-CRR in a phased manner” published in The Hindu on 9th September 2023 What is the News? The Reserve Bank of India (RBI) has announced that it would discontinue the incremental cash reserve ratio (I-CRR) in a phased manner. What is the Incremental… Continue reading RBI decides to discontinue I-CRR in a phased manner
A blanket ban on crypto hard to implement: Report
Source: The post is based on the article “A blanket ban on crypto hard to implement: Report” published in Livemint on 8th September 2023 What is the News? The International Monetary Fund(IMF) and the Financial Stability Board (FSB) have released advanced policy and regulatory recommendations to identify and respond to macroeconomic and financial stability risks… Continue reading A blanket ban on crypto hard to implement: Report
UPI QR Code-Central Bank Digital Currency interoperability: How does it work and how do customers benefit?
Source: The post is based on the article “UPI QR Code-Central Bank Digital Currency interoperability: How does it work and how do customers benefit?” published in Indian Express on 6th September 2023 What is the News? Several banks are enabling the interoperability of Unified Payments Interface’s (UPI) Quick Response (QR) code with their Central Bank… Continue reading UPI QR Code-Central Bank Digital Currency interoperability: How does it work and how do customers benefit?
FM flags threats to financial system from crypto, tax havens
Source: The post is based on the article “FM flags threats to financial system from crypto, tax havens” published in The Hindu on 6th September 2023 What is the News? The Finance Minister has addressed the delegates at the Global Fintech Fest (GFF) 2023 being held in Mumbai. What are the key highlights from the… Continue reading FM flags threats to financial system from crypto, tax havens
