The Reserve Bank of India(RBI) has said that India’s current account deficit(CAD) has increased to $57.2 billion or 2.1% of GDP in FY19 from 1.8% a year ago. Current account deficit is one of the key indicators of an economy’s health and measures the difference between the value of the goods and services a country… Continue reading Current account deficit tapers
Category: Daily Factly articles
Trade war makes India a haven for aluminium scrap dumping
India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year. The imports has increased due to a trade war between China and the U.S.Trade war is a situation where countries restrict each other’s trade by imposing… Continue reading Trade war makes India a haven for aluminium scrap dumping
Policy on electric vehicles well-thought-out: Rajiv Kumar
NITI Aayog Vice-Chairman has said that the proposal for transition to electric vehicles(EVs) was a well-thought-out policy to capitalise on the sunrise industry. The NITI Aayog has proposed that only electric three-wheelers be sold in the country post March 31,2023.Additionally,all new two-wheelers below 150cc sold after March 31,2025 should be electric. The industry has strongly… Continue reading Policy on electric vehicles well-thought-out: Rajiv Kumar
Need to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
Former Reserve Bank of India Deputy Governor has said that there is a need to increase savings and investment rate to move India to a new growth trajectory in the future. He said that Indian growth accelerations since Independence is clearly associated with consistent trends of increasing domestic savings and investment over the decades. But… Continue reading Need to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
RBI allows ARCs to buy financial assets from peers
The Reserve Bank of India(RBI) has allowed asset reconstruction companies (ARCs) to acquire financial assets from other ARCs in a bid to accelerate timely resolution of stressed assets. Earlier,ARCs could acquire financial assets from other ARCs only when they had some exposure to the asset that was being bought. However,the transfer of assets by one… Continue reading RBI allows ARCs to buy financial assets from peers
State divide in unemployment: Nagaland 21.4%, Meghalaya 1.5%
The Periodic Labour Force Survey(PLFS) for 2017-18 reflects huge variations among the states in terms of the unemployment rate.The survey reflects the overall unemployment rate in India at 6.1%. Unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all… Continue reading State divide in unemployment: Nagaland 21.4%, Meghalaya 1.5%
National mission on natural language translation soon
The Ministry of Electronics and IT will soon place before the Union Cabinet a ₹450 crore proposal for Natural Language Translation. It is one of the key missions identified by the Prime Minister’s Science, Technology and Innovation Advisory Council(PM-STIAC). The mission aims to make science and technology accessible to all by facilitating access to teaching… Continue reading National mission on natural language translation soon
India beats U.S. at WTO in renewable energy case
India has won a major trade dispute against the United States at the World Trade Organization(WTO). The WTO dispute resolution panel has ruled that US domestic content requirements and subsidies provided by eight of its states in the renewable energy sector are violative of global trade norms. The panel concluded in its ruling that the… Continue reading India beats U.S. at WTO in renewable energy case
New National Rubber Policy
The Minister of Commerce and Industry has informed the Lok Sabha about the New National Rubber Policy. The Department of Commerce brought out the National Rubber Policy in March 2019. The National Rubber Policy includes several provisions to support the Natural Rubber(NR) production sector and the entire rubber industry value chain. The Policy is based… Continue reading New National Rubber Policy
Cyber Coordination Centre
Minister of State for Home Affairs has informed the Rajya Sabha about the Cyber Coordination Centre(CyCord) portal. Cyber Coordination Centre (CyCord) portal was launched by Prime Minister in 2018 at DGPs/IGPs Conference. It as a one-stop platform for sharing all cyber related matters amongst Law Enforcement Agencies(LEAs),government organizations and other stakeholders. The primary objective of… Continue reading Cyber Coordination Centre
