News-The India BioEconomy Report 2025 has estimated India’s bioeconomy to be valued at over $165 billion, contributing more than 4.2% of the country’s GDP. About India BioEconomy Report It is an annual publication by the Department of Biotechnology and BIRAC that tracks the growth and performance of India’s bioeconomy The bioeconomy involves the industrial utilization… Continue reading India BioEconomy Report 2025
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.
Equalisation Levy
News- The government has proposed the abolition of the 6% Equalisation Levy on online advertising in the Finance Bill 2025. This move will benefit advertisers on digital platforms like Google, X and Meta. About Equalisation Levy The Equalisation Levy was introduced in India through the Finance Act, 2016, to tax digital transactions—specifically, income earned by… Continue reading Equalisation Levy
BHIM 3.0
News- NPCI BHIM Services Ltd. (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), introduced BHIM 3.0. About BHIM (Bharat Interface for Money) It is Unified Payments Interface(UPI) based payment interface application that allows real time fund transfer. It was launched in 2016. Developer: National Payments Corporation of India (NPCI) Purpose: To promote… Continue reading BHIM 3.0
BAANKNET Portal
News- The government launched the upgraded BAANKNET portal to improve transparency, efficiency, and value realization in PSU banks’ e-auctions of non-performing assets. About BAANKNET portal It is an advanced e-auction portal designed for Public Sector Banks (PSBs) and financial institutions to auction properties for recovering Non-Performing Asset (NPA) loans. Nodal Ministry: Launched under the Ministry… Continue reading BAANKNET Portal
Central Electricity Authority (CEA)
News: The Central Electricity Authority (CEA) has provided guidelines to enhance the efficient allocation, sharing, and utilization of optical fibers, improving resource management in the power sector. About Central Electricity Authority (CEA) It is a statutory body established under Section 3(1) of the Electricity Supply Act, 1948, which was later repealed by Section 70(1) of… Continue reading Central Electricity Authority (CEA)
Cities Coalition for Circularity (C-3)
News: The Union Minister for Housing and Urban Affairs recently introduced the Cities Coalition for Circularity (C-3). About Cities Coalition for Circularity (C-3) It is a newly launched multi-nation alliance aimed at fostering city-to-city collaboration, knowledge exchange, and partnerships with the private sector to advance sustainable urban development. It was Launched on March 3, 2025,… Continue reading Cities Coalition for Circularity (C-3)
Mission 300
News: India’s successful electrification journey, which saw the country achieve 100% electricity access by 2021, is now being analyzed as a model for accelerating energy access in Africa under Mission 300. About Mission 300 Mission 300 is a large-scale initiative led by the World Bank and the African Development Bank to provide electricity access to… Continue reading Mission 300
India’s Agriculture Exports
News: India’s agriculture trade surplus is shrinking due to rising imports of pulses and edible oils, despite steady growth in farm exports. While exports of basmati rice, spices, coffee, and tobacco are poised to reach new highs in 2024-25, imports of key agricultural commodities have surged. About India’s Agriculture Exports Agricultural exports grew by 6.5%,… Continue reading India’s Agriculture Exports
Bond Central
News: Recently, SEBI introduced ‘Bond Central’. About Bond Central ‘Bond Central’ is a centralized database portal for corporate bonds in India. Developed by: The Online Bond Platform Providers Association (OBPP Association), in partnership with stock exchanges and depositories (MIIs). Operated by: It will be operated by the OBPP Association, which is a not-for-profit entity with… Continue reading Bond Central
Dinesh Khara Committee
News: Insurance Regulatory and Development Authority (IRDAI) has set up a high-powered committee led by Dinesh Khara, former Chairman of the State Bank of India (SBI). About the Dinesh Khara Committee The Dinesh Khara Committee is a high-powered committee formed by the Insurance Regulatory and Development Authority of India (IRDAI) to review the Insurance Act,… Continue reading Dinesh Khara Committee
