Source: The post is based on the article “India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns: Union Minister” published in PIB on 12th August 2022. What is the News? The Union Minister of Science and Technology has informed about the Startup and Research & Development(R&D) Ecosystem in the… Continue reading India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns: Union Minister
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.
Explained: What RBI’s surveys tell about India’s economy
Source: The post is based on the article “Explained: What RBI’s surveys tell about India’s economy” published in Indian Express on 10th August 2022. What is the News? RBI has released its latest Monetary Policy Review and Seven Surveys ranging from consumer confidence to GDP growth expectations. These surveys help in ascertaining how the economy… Continue reading Explained: What RBI’s surveys tell about India’s economy
Gold ETFs log Rs 457 crore outflow in July
Source: The post is based on the article “Gold ETFs log Rs 457 crore outflow in July” published in Indian Express on 12th August 2022. What is the News? Gold Exchange Traded Funds(ETFs) witnessed a net outflow of Rs 457 crore in July as investors parked their money in other asset classes as part of… Continue reading Gold ETFs log Rs 457 crore outflow in July
Centre asks IBA to ready EASE-like plan for regional rural banks
Source: The post is based on the article “Centre asks IBA to ready EASE-like plan for regional rural banks” published in Business Standard on 10th August 2022. What is the News? The Centre has asked the Indian Banks Association(IBA) to prepare a viability plan for Regional Rural Banks(RRBs) similar to the Enhanced Access and Service… Continue reading Centre asks IBA to ready EASE-like plan for regional rural banks
Union Minister for Cooperation e-launched the onboarding of cooperatives on the Government e Marketplace (GeM) portal
Source: The post is based on the article “Union Minister for Cooperation e-launched the onboarding of cooperatives on the Government e Marketplace (GeM) portal” published in PIB on 9th August 2022. Contents1 What is the News?2 What is the Government e-Marketplace(GeM) portal?3 What has changed now?4 Which type of cooperatives will be allowed on the… Continue reading Union Minister for Cooperation e-launched the onboarding of cooperatives on the Government e Marketplace (GeM) portal
Value of fake notes in banking system recorded over 80% decline from 2016-17 to 2021-22: Union Minister
Source: The post is based on the article “Value of fake notes in banking system recorded over 80% decline from 2016-17 to 2021-22: Union Minister” published in The Hindu on 8th August 2022. What is the News? The Union Finance Minister has informed the Lok Sabha about the Counterfeit Currency in the Banking System. What… Continue reading Value of fake notes in banking system recorded over 80% decline from 2016-17 to 2021-22: Union Minister
Parliamentary panel suggests phasing out of coal imports
Source: The post is based on the article “Parliamentary panel suggests phasing out of coal imports” published in Livemint on 6th August 2022. What is the News? The Parliamentary Standing Committee on Energy in its report has suggested the Government has to ensure optimum utilization of locally-produced coal through effective collaboration so that coal imports… Continue reading Parliamentary panel suggests phasing out of coal imports
World Dairy Summit 2022 to be held in India after 48 years
Source: The post is based on the article “World Dairy Summit 2022 to be held in India after 48 years” published in Indian Express on 4th August 2022. Contents1 What is the News?2 What is the World Dairy Summit 2022?3 About the Dairy Sector in India4 Diary Sector Schemes What is the News? India is… Continue reading World Dairy Summit 2022 to be held in India after 48 years
India’s trade deficit surges to over $31 bn – what is trade deficit, is it bad?
Source: The post is based on the article “India’s trade deficit surges to over $31 bn – what is trade deficit, is it bad?” published in Indian Express on 3rd August 2022. Contents1 What is the News?2 What is the trade deficit?3 What causes a trade deficit?4 Is a trade deficit bad for a country’s… Continue reading India’s trade deficit surges to over $31 bn – what is trade deficit, is it bad?
Financial inclusion index inches up, all sub-indices rise: RBI
Source: The post is based on the article “Financial inclusion index inches up, all sub-indices rise: RBI” published in Indian Express on 3rd August 2022. What is the News? The Reserve Bank of India(RBI) has released the Financial Inclusion Index(FI-Index) for the year ending March 31, 2022. What is the Financial Inclusion Index? Released by:… Continue reading Financial inclusion index inches up, all sub-indices rise: RBI
