Source: The post is based on the article “The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting” published in PIB on 22nd July 2022. What is the News? The Minister of Commerce and Industry has informed Rajya Sabha about Agreement on Fisheries Subsidies. What is the Agreement on Fisheries Subsidies? The WTO Agreement… Continue reading The Agreement on Fisheries Subsidies (Agreement) at the WTO Ministerial meeting
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: MSP and govt panel’s task
Source: The post is based on the article “Explained: MSP and govt panel’s task” published in Indian Express on 20th July 2022. Contents1 What is the News?2 Why has the committee been set up?3 What is the composition and purpose of the committee?4 Why have the protesting farm unions opposed this committee?5 What is the… Continue reading Explained: MSP and govt panel’s task
NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India
Source: The post is based on the article “NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India” published in PIB on 20th July 2022. Contents1 What is the News?2 What is the purpose of the report?3 What are the key highlights from the report?4 What would be the structure… Continue reading NITI Aayog Releases Report on Digital Banks; Proposes a Licensing and Regulatory Regime for India
Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes
Source: The post is based on the article “Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes” published in PIB on 20th July 2022. Contents1 What is the News?2 What are Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022?2.1 Key Provisions of the Rules3 Who will… Continue reading Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes
Explained: What Rs 80 to a dollar means
Source: The post is based on the article “Explained: What Rs 80 to a dollar means” published in Indian Express on 20th July 2022. Contents1 What is the News?2 What is the rupee exchange rate?3 What happens when the rupee depreciates? 4 Is there anything to worry about? What is the News? The Indian rupee has… Continue reading Explained: What Rs 80 to a dollar means
Panel on MSP, Natural Farming setup
Source: The post is based on the article “Panel on MSP, Natural Farming setup” published in The Hindu on 19th July 2022. What is the News? The Government of India has constituted a committee to look into the issues of minimum support price(MSP), Natural Farming and Crop diversification. About the Committee on MSP, Natural Farming… Continue reading Panel on MSP, Natural Farming setup
Yield inversion, soft-landing and reverse currency wars: A glossary for the troubled global economy
Source: The post is based on the article “Yield inversion, soft-landing and reverse currency wars: A glossary for the troubled global economy” published in Indian Express on 18th July 2022. Contents1 What is the News?2 What is the Yield Curve?3 Different Types of Yield Curves4 Why does the inversion of the Yield Curve happen?5 What… Continue reading Yield inversion, soft-landing and reverse currency wars: A glossary for the troubled global economy
Explained: Is there a crisis in rice?
Source: The post is based on the article “Explained: Is there a crisis in rice?” published in Indian Express on 18th July 2022. What is the News? The overall crop coverage has risen since last year. But the rice coverage was 17.4% down from last year. However, adequate stocks and cultivation of rice over a… Continue reading Explained: Is there a crisis in rice?
Only 50% farmers benefited from farm loan waivers, finds study
Source: The post is based on the article “Only 50% farmers benefited from farm loan waivers, finds study” published in The Hindu on 18th July 2022. What is the News? State Bank of India’s researchers have conducted a study on the Farm Loan Waivers Scheme announced by different states. What are the key findings of… Continue reading Only 50% farmers benefited from farm loan waivers, finds study
Remittances from Gulf countries dropped sharply in FY21 due to Covid: RBI
Source: The post is based on the article “Remittances from Gulf countries dropped sharply in FY21 due to Covid: RBI” published in Business Standard on 17th July 2022. What is the News? According to an RBI article, the share of inward remittances from Gulf nations dipped sharply during 2020-21 on account of the economic stress… Continue reading Remittances from Gulf countries dropped sharply in FY21 due to Covid: RBI
