Source: The post is based on the article “SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes” published in The Hindu on 22nd May 2023 What is the News? State Bank of India(SBI) has withdrawn its decision on the mandatory filing of a slip for the exchange of ₹2,000 banknotes at its branches.… Continue reading SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes
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.
Tax waived on annual forex spends up to ₹7 lakh: FinMin
Source: The post is based on the article “Tax waived on annual forex spends up to ₹7 lakh: FinMin” published in The Hindu on 20th May 2023 What is the News? The Finance Ministry has clarified that payments using international debit or credit cards up to Rs 7 lakh per financial year will be excluded… Continue reading Tax waived on annual forex spends up to ₹7 lakh: FinMin
Why has the RBI withdrawn Rs 2,000 notes?
Source: The post is based on the article “Why has the RBI withdrawn Rs 2,000 notes?” published in Indian Express on 20th May 2023 Contents1 What is the News?2 When were Rs 2000 denomination banknotes introduced?3 Why are Rs 2000 denomination banknotes being withdrawn now?4 Will the Rs 2000 banknotes continue to be legal tender?5… Continue reading Why has the RBI withdrawn Rs 2,000 notes?
RBI to join GFIN’s Greenwashing TechSprint to tackle ESG risks
Source: The post is based on the article “RBI to join GFIN’s Greenwashing TechSprint to tackle ESG risks” published in The Hindu on 17th May 2023 Contents1 What is the News?2 What is Greenwashing?3 What is Global Financial Innovation Network(GFIN)?4 What is GFIN Greenwashing TechSprint? What is the News? The Reserve Bank of India has… Continue reading RBI to join GFIN’s Greenwashing TechSprint to tackle ESG risks
International credit card spends outside India will attract 20% TCS: How cardholders may be impacted
Source: The post is based on the article “International credit card spends outside India will attract 20% TCS: How cardholders may be impacted” published in Indian Express on 19th May 2023 What is the News? The Central Government has amended rules under the Foreign Exchange Management Act (FEMA) to bring international credit card spending outside… Continue reading International credit card spends outside India will attract 20% TCS: How cardholders may be impacted
What are RBI regulations on green deposits?
Source: The post is based on the article “What are RBI regulations on green deposits?” published in The Hindu on 19th May 2023 Contents1 What is the News?2 What are Green Deposits?3 What is the purpose of RBI’s regulatory framework on green deposits? 4 What does RBI’s regulatory framework on green deposits provide for?5 Will Green… Continue reading What are RBI regulations on green deposits?
Govt introduces Minimum Import Price for apples in J&K to support local growers
Source: The post is based on the article “Govt introduces Minimum Import Price for apples in J&K to support local growers” published in TOI on 18th May 2023 What is the News? The Central Government recently introduced the Minimum Import Price (MIP) for apples in Jammu and Kashmir (J&K). What is Minimum Import Price(MIP)? MIP… Continue reading Govt introduces Minimum Import Price for apples in J&K to support local growers
C-PACE has gone live from May 1: MCA
Source: The post is based on the article “C-PACE has gone live from May 1: MCA” published in The Hindu on 18th May 2023 What is the News? The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to centralize the process of striking off companies from the MCA… Continue reading C-PACE has gone live from May 1: MCA
Rajasthan’s move spells some hope for gig workers
Source: The post is based on the article “Rajasthan’s move spells some hope for gig workers” published in The Hindu on 17th May 2023 What is the News? Rajasthan Government has announced that it would introduce the Rajasthan Platform-based Gig Workers (Registration and Welfare) Bill 2023 aimed at the regulation of the gig economy in… Continue reading Rajasthan’s move spells some hope for gig workers
MNRE announces major reforms in the Approved List of Models and Manufactures for Solar Photovoltaic Modules
Source: The post is based on the article “MNRE announces major reforms in the Approved List of Models and Manufactures for Solar Photovoltaic Modules” published in PIB on 15th May 2023 What is the News? The Ministry of New & Renewable Energy (MNRE) has come up with a number of reforms in its Approved List… Continue reading MNRE announces major reforms in the Approved List of Models and Manufactures for Solar Photovoltaic Modules
