News: The Reserve Bank of India released Payments Vision 2028 outlining new initiatives to strengthen and expand India’s digital payment ecosystem. About RBI’s Payments Vision 2028 It is a comprehensive policy roadmap guiding the evolution of India’s payment systems towards a secure, interoperable, and resilient ecosystem, consisting of 15 specific initiatives. Theme: “Shaping India’s Payment… Continue reading RBI’s Payments Vision 2028
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.
Gruh Sugam Portal
News: The National Housing Bank (NHB) has launched the Gruh Sugam Portal to revolutionize housing finance accessibility. About Gruh Sugam Portal It is a digital initiative to streamline the home loan process for Defence / Government personnel. Launched by: National Housing Bank (NHB) It promotes digital lending adoption and strengthens financial inclusion by improving access… Continue reading Gruh Sugam Portal
India’s First Port of Refuge (PoR)
News: Adani Ports and Special Economic Zone Ltd (APSEZ) has operationalised India’s first Port of Refuge (PoR) to handle maritime emergencies and support vessels in distress. About India’s First Port of Refuge (PoR) India’s first Port of Refuge (PoR) has been launched to create a structured and formal mechanism to handle maritime emergencies and vessels… Continue reading India’s First Port of Refuge (PoR)
India’s Nationally Determined Contribution (2031–2035)
News: The Union Cabinet, has approved India’s Nationally Determined Contribution for 2031–2035 period. About India’s Nationally Determined Contribution (2031–2035) India’s Nationally Determined Contribution for 2031–2035 is a set of updated climate commitments to strengthen action under global climate framework. Aim: The aim of India’s NDC for 2031–2035 is to build a prosperous and climate-resilient Bharat… Continue reading India’s Nationally Determined Contribution (2031–2035)
Helium and Helium Crisis
News: The disruption in global helium supply due to the Middle East war and restrictions in the Gulf of Hormuz has raised concerns in India’s healthcare sector. About Helium and Helium Crisis Helium is a non-renewable inert gas. Discovered by: It was discovered in 1868 by Jules Janssen and Norman Lockyer. Naming: It was named… Continue reading Helium and Helium Crisis
Switch Auction by RBI
News: The RBI conducted a switch auction where the government bought back ₹6,309 crore of G-Secs and issued ₹6,431.797 crore of bonds. About Switch Auction by RBI A Switch Auction (or Conversion Auction) is a debt management tool used by the Reserve Bank of India (RBI) on behalf of the Government of India to manage… Continue reading Switch Auction by RBI
Areca Nut Cultivation in India
News: Researchers and farmers are now trying to restore traditional soppina betta lands and return to more sustainable practices related to arecanut cultivation. About Areca Nut Cultivation in India About Arecanut Cultivation It is usually referred to as Areca palm, yellow palm, butterfly palm etc. The arecanut palm is the source of a common chewing… Continue reading Areca Nut Cultivation in India
Nd-Fe-B (Neodymium-Iron-Boron) Rare Earth Permanent Magnets
News: A pilot plant for Nd-Fe-B rare earth permanent magnets has been established at ARCI, Hyderabad to strengthen self-reliant manufacturing ecosystem. About Nd-Fe-B (Neodymium-Iron-Boron) Rare Earth Permanent Magnets Nd-Fe-B magnets are the strongest permanent magnets that can maintain high magnetic force without external power. Made up of: These magnets are made from Neodymium, Iron, and… Continue reading Nd-Fe-B (Neodymium-Iron-Boron) Rare Earth Permanent Magnets
Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
News: The Government of India has introduced CGSMFI-2.0 to increase credit flow to microfinance institutions and support small borrowers. About Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) CGSMFI-2.0 is a credit guarantee scheme that provides cover to banks against losses on loans given to MFIs for small borrowers. Launched in: The scheme was launched in… Continue reading Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
Revised Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME)
News: Recently, the Mutual Credit Guarantee Scheme (MCGS) has been modified to support Micro, Small and Medium Enterprises (MSME) Manufacturers and Exporters in line with Budget 2025-26. About Revised Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) It was launched to support Micro, Small and Medium Enterprises (MSME) Manufacturers and Exporters. It was initially launched… Continue reading Revised Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME)
