Category: Factly – Indian Economy

Source: The post is based on the article “India’s goods trade deficit hits a 10-month high”  published in The Hindu on 16th September 2023 What is the News? India’s foreign trade has hit a fresh trough in August with the goods trade deficit hitting a 10-month high. India’s Foreign Trade Challenges in August,2023: Goods exports… Continue reading India’s goods trade deficit hits a 10-month high

Source: The post is based on the article “RBI decides to discontinue I-CRR in a phased manner” published in The Hindu on 9th September 2023 What is the News? The Reserve Bank of India (RBI) has announced that it would discontinue the incremental cash reserve ratio (I-CRR) in a phased manner.  What is the Incremental… Continue reading RBI decides to discontinue I-CRR in a phased manner

Source: The post is based on the article “FM flags threats to financial system from crypto, tax havens” published in The Hindu on 6th September 2023 What is the News? The Finance Minister has addressed the delegates at the Global Fintech Fest (GFF) 2023 being held in Mumbai. What are the key highlights from the… Continue reading FM flags threats to financial system from crypto, tax havens

Source: The post is based on the article “Government imposes restrictions on export of Basmati rice”  published in The Hindu on 28th August 2023 What is the News? The Indian government has halted the export of Basmati rice valued at less than $1,200 per tonne. Why has the government imposed restrictions on export of Basmati… Continue reading Government imposes restrictions on export of Basmati rice

Source: The post is based on the article “What is RBI’s new pilot for frictionless credit?”  published in The Hindu on 21st August 2023. What is the News? The Reserve Bank of India (RBI) has launched a pilot project in the form of a “Public Tech Platform for Frictionless Credit”. The project seeks to give… Continue reading What is RBI’s new pilot for frictionless credit?

Source: The post is based on the article “Will the Federal fund hike impact developing country debt?”  published in The Hindu on 11th August 2023. What is the News? The US Federal Reserve has raised the targeted federal funds rate to 5.25-5.5%, a 25 basis points increase. This puts the rate at a 21-year high,… Continue reading Will the Federal fund hike impact developing country debt?

Source: The post is based on the article “House panel tells govt. to ensure fertilizer availability, increase local production”  published in The Hindu on 9th August 2023. What is the News? The Standing Committee of Parliament on Chemicals and Fertilizers has posed questions on the availability of fertilizers and a subsidy policy. What are the… Continue reading House panel tells govt. to ensure fertilizer availability, increase local production

Source: The post is based on the article “PM to launch revamp of 508 railway stations at ₹24,470 crore”  published in The Hindu on 7th August 2023. What is the News? The Prime Minister will lay the foundation stone for the redevelopment of 508 railway stations spread across the country. These stations were part of… Continue reading PM to launch revamp of 508 railway stations at ₹24,470 crore

Source: The post is based on the article “Centre restricts laptop, PC and tablet imports; calls for license”  published in The Hindu on 5th August 2023.  What is the News? The Government of India has imposed restrictions on imports of laptops, all-in-one personal computers and tablets. The restrictions have been imposed under HSN Code 8471… Continue reading Centre restricts laptop, PC and tablet imports; calls for license

Source: The post is based on the article “PM says India can become hub of chip-making industry”  published in The Hindu on 29th July 2023. What is the News? The Prime Minister has inaugurated the ‘Semicon India 2023’ conclave in Gujarat. This is the second edition of the conference, which was first held in 2022.… Continue reading PM says India can become hub of chip-making industry

Source: The post is based on the article “India’s rice export ban impacts Asian and African nations most”  published in The Hindu on 27th July 2023 What is the News? Panic-stricken Non-Resident Indians (NRIs) in the United States are rushing to grocery stores and supermarkets to hoard bags of rice. The sudden rush to hoard… Continue reading India’s rice export ban impacts Asian and African nations most

Source: The post is based on the article “Full-reserve banking: where banks act solely as custodians of customers’ money”  published in The Hindu on 26th July 2023. What is the News? This article talks about the Full-reserve banking system. What is Full-reserve banking? Full-reserve banking also known as 100% reserve banking refers to a system… Continue reading Full-reserve banking: where banks act solely as custodians of customers’ money

Source: The post is based on the article “RBI to detail SOP for banks to help expedite rupee trade”  published in The Hindu on 18th July 2023 What is the News? The Reserve Bank of India (RBI) is expected to issue a standard operating procedure for banks to expeditiously issue FIRC (Foreign Inward Remittance Certificate)… Continue reading RBI to detail SOP for banks to help expedite rupee trade

Source: The post is based on the article “Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC” published in The Hindu on 12th July 2023 What is the News? The Securities and Exchange Board of India (SEBI) has clarified in… Continue reading Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC