Source: The post is based on the article “IRDAI eyes insurance push in rural areas with ‘Bima Vahak’” published in The Hindu on 3rd June 2023 What is the News? The IRDAI has issued draft guidelines for Bima Vahak, a dedicated distribution channel to reach out to every Gram Panchayat. About the all-in-one insurance policy Must read: All-in-one policy plan to spread… Continue reading IRDAI eyes insurance push in rural areas with ‘Bima Vahak’
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.
RBI governor cautions against evergreening of loans: Are banks, corporates still window-dressing loans?
Source: The post is based on the article “RBI governor cautions against evergreening of loans: Are banks, corporates still window-dressing loans?” published in the Indian Express on 1st June 2023 What is the News? Recently, the Reserve Bank of India (RBI) Governor raised red flags over banks adopting innovative methods for the evergreening of loans. What is the… Continue reading RBI governor cautions against evergreening of loans: Are banks, corporates still window-dressing loans?
India-Russia joint venture on Vande Bharat trains hits hurdle
Source: The post is based on the article “India-Russia joint venture on Vande Bharat trains hits hurdle” published in The Hindu on 2nd June 2023 What is the News? The joint venture (JV) between Russian transportation giant Transmashholding (TMH) and Indian public sector undertaking (PSU) Rail Vikas Nigam Ltd. (RVNL) to manufacture 120 Vande Bharat Express train sets has run… Continue reading India-Russia joint venture on Vande Bharat trains hits hurdle
Cabinet approves Constitution and Empowerment of an Inter-Ministerial Committee (IMC) for Facilitation of “World’s Largest Grain Storage Plan in Cooperative Sector”
Source: The post is based on the following articles “Cabinet approves Constitution and Empowerment of an Inter-Ministerial Committee (IMC) for Facilitation of “World’s Largest Grain Storage Plan in Cooperative Sector”” published in the PIB on 31st May 2023 “World’s largest grain storage plan: Centre to implement pilot project in 10 districts” published in The Hindu on 1st… Continue reading Cabinet approves Constitution and Empowerment of an Inter-Ministerial Committee (IMC) for Facilitation of “World’s Largest Grain Storage Plan in Cooperative Sector”
Central Electricity Authority notifies the National Electricity Plan for the period of 2022-32
Source: The post is based on the article “Central Electricity Authority notifies the National Electricity Plan for the period of 2022-32” published in the PIB on 31st May 2023 What is the News? The Central Electricity Authority (CEA) has notified the National Electricity Plan (NEP) for the period of 2022-32. About the National Electricity Plan (NEP) As… Continue reading Central Electricity Authority notifies the National Electricity Plan for the period of 2022-32
Alternative to UPI, NEFT, RTGS: What is RBI’s planned ‘lightweight’ payments system for emergencies?
Source: The post is based on the article “Alternative to UPI, NEFT, RTGS: What is RBI’s planned ‘lightweight’ payments system for emergencies?” published in Indian Express on 31st May 2023 What is the News? The Reserve Bank of India(RBI) has conceptualized a Lightweight Payment and Settlements System. What is the Lightweight Payment and Settlement System… Continue reading Alternative to UPI, NEFT, RTGS: What is RBI’s planned ‘lightweight’ payments system for emergencies?
World Energy Investment Report 2023: Clean energy funds rise, but mostly in China, Europe, U.S.
Source: The post is based on the article “Clean energy funds rise, but mostly in China, Europe, U.S.” published in The Hindu on 31st May 2023 What is the News? The International Energy Agency has released the World Energy Investment Report 2023. What are the key findings of the World Energy Investment Report 2023? Investment… Continue reading World Energy Investment Report 2023: Clean energy funds rise, but mostly in China, Europe, U.S.
Amid reports of shortage, FSSAI to hold surveillance on milk and milk products
Source: The post is based on the article “Amid reports of shortage, FSSAI to hold surveillance on milk and milk products” published in The Hindu on 26th May 2023 What is the News? The Food Safety and Standards Authority of India (FSSAI) will conduct nationwide surveillance to curb adulteration of milk and milk products, in both organised and unorganised sectors… Continue reading Amid reports of shortage, FSSAI to hold surveillance on milk and milk products
India gives Bangladesh key rail infra
Source: The post is based on the article “India gives Bangladesh key rail infra” published in The Hindu on 24th May 2023 What is the News? India has handed over 20 Broad Gauge (BG) locomotives to neighbouring Bangladesh. In 2020, India provided 10 locomotives to Bangladesh as a grant. These locomotives are performing well and… Continue reading India gives Bangladesh key rail infra
Banks request RBI for more time to implement new ECL-based loan loss provisioning norms
Source: The post is based on the article “Banks request RBI for more time to implement new ECL-based loan loss provisioning norms” published in Indian Express on 22nd May 2023 What is the News? Lenders in India have approached the Reserve Bank of India (RBI) seeking a one-year extension for the implementation of the Expected… Continue reading Banks request RBI for more time to implement new ECL-based loan loss provisioning norms
