Source: The post is based on the article “Explained | How will global layoffs impact India?” published in The Hindu on 3rd December 2022. Contents1 What is the News?2 What is Layoff?3 What are the reasons for Global Layoffs?4 What is the outlook for the Indian IT Industry?5 What about layoffs in Indian Startups? What… Continue reading Explained | How will global layoffs impact India?
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.
e-Rupee: Here’s a Quixplained on India’s first official digital currency
Source: The post is based on the article “e-Rupee: Here’s a Quixplained on India’s first official digital currency” published in Indian Express on 2nd December 2022. Contents1 What is the News?2 What is CBDC or the digital rupee?3 How can an individual use the e-rupee?4 How is this different from other wallets?5 How is RBI… Continue reading e-Rupee: Here’s a Quixplained on India’s first official digital currency
What is wet leasing of aircraft, for which govt has relaxed rules
Source: The post is based on the article “What is wet leasing of aircraft, for which govt has relaxed rules” published in Livemint on 30th November 2022. What is the News? The Ministry of Civil Aviation has relaxed rules related to the wet leasing of aircraft. It has allowed the wet leasing for a year… Continue reading What is wet leasing of aircraft, for which govt has relaxed rules
RBI announces launch of first pilot for retail digital rupee on 1 Dec
Source: The post is based on the article “RBI announces launch of first pilot for retail digital rupee on 1 Dec” published in Livemint on 30th November 2022. Contents1 What is the News?2 What is digital Rupee or e-Rupee?3 How will digital Rupee work?4 What are the advantages of e-rupee? What is the News? The… Continue reading RBI announces launch of first pilot for retail digital rupee on 1 Dec
Why perennial rice developed in China is a big deal
Source: The post is based on the article “Why perennial rice developed in China is a big deal” published in Livemint on 29th November 2022. Contents1 What is the News?2 What is the Perennial Variety of Rice?3 What is the Perennial Variety of Rice developed by China?4 What are the benefits of perennial rice developed… Continue reading Why perennial rice developed in China is a big deal
What is CDSL, India’s registered share depository?
Source: The post is based on the article “What is CDSL, India’s registered share depository?” published in Indian Express on 24th November. Contents1 What is the News?2 What is CDSL?3 What is a Depository?4 What is the difference between a depository and a bank? What is the News? Certain services at Central Depositories Services India… Continue reading What is CDSL, India’s registered share depository?
Government forms panel to look into MGNREGA’s efficacy
Source: The post is based on the article “Government forms panel to look into MGNREGA’s efficacy” published in The Hindu on 26th November. What is the News? The Government of India has constituted a committee to review the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. About the Committee to review… Continue reading Government forms panel to look into MGNREGA’s efficacy
States ask Centre to curb its cess habit at pre-budget meeting
Source: The post is based on the article “States ask Centre to curb its cess habit at pre-budget meeting” published in The Hindu on 26th November. What is the News? The Finance ministers of states and union territories held their pre-Budget meeting with the Union Finance Minister. What are the issues raised by the States… Continue reading States ask Centre to curb its cess habit at pre-budget meeting
India’s wheat planting area up nearly 11% y/y on record prices
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
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?
