News: India and New Zealand concluded discussions on a free trade agreement to provide tariff-free access, attract investments, and expand bilateral trade. About India–New Zealand FTA The India–New Zealand Free Trade Agreement is India’s second bilateral trade agreement in the Oceania region after the India–Australia FTA. Key Takeaways of India–New Zealand FTA Tariff Elimination: The… Continue reading India–New Zealand FTA
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.
Bureau of Port Security (BoPS)
News: The Union Home Minister chaired a meeting to constitute a statutory Bureau of Port Security to strengthen port and vessel security. About Bureau of Port Security (BoPS) The Bureau of Port Security is a dedicated body proposed to strengthen security oversight of ports, ships, and maritime infrastructure. Legal status: The Bureau of Port Security… Continue reading Bureau of Port Security (BoPS)
Multi-Lane Free Flow (MLFF) Tolling System
News: The Union Road Transport Minister informed the Rajya Sabha about the nationwide rollout of the MLFF tolling system by 2026. About Multi-Lane Free Flow (MLFF) Tolling System The Multi-Lane Free Flow tolling system is a barrier-free digital toll collection system that allows vehicles to pass toll points without stopping. Initiated by: The system has… Continue reading Multi-Lane Free Flow (MLFF) Tolling System
ASPIRE Scheme
News: The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing the ASPIRE (A Scheme for Promotion of Innovation, Rural Industry, and Entrepreneurship) scheme to promote entrepreneurship and livelihood opportunities in rural areas. About ASPIRE Scheme ASPIRE scheme stands for A Scheme for Promotion of Innovation, Rural Industry, and Entrepreneurship. Implemented by: Ministry of… Continue reading ASPIRE Scheme
DHRUV64
News: DHRUV64 was launched as India’s first homegrown 1.0 GHz, 64-bit dual-core microprocessor, marking a key milestone in indigenous semiconductor development. About DHRUV64 DHRUV64 is India’s first homegrown 1.0 GHz, 64-bit dual-core microprocessor, strengthens the indigenous processor pipeline. Developer : It has been created by the Centre for Development of Advanced Computing (C-DAC) under the… Continue reading DHRUV64
Ponduru Khadi
News: Srikakulam’s famed Ponduru Khadi has received the prestigious Geographical Indication (GI) tag from the Government of India. About Ponduru Khadi Ponduru Khadi is a traditional handspun and handwoven cotton fabric produced in Ponduru village of Srikakulam district, Andhra Pradesh. The fabric is widely known for its fine texture, durability, and natural finish and was… Continue reading Ponduru Khadi
Pass-Through Tax Status
News: Asset reconstruction companies (ARCs) have urged the government to extend pass-through tax status to alternative investment funds (AIFs) investing in security receipts (SRs). About Pass-Through Tax Status Pass-through status is a tax rule where the business or fund itself does not pay corporation tax on its income. Normally, the same income can be taxed… Continue reading Pass-Through Tax Status
Rural Economic Conditions and Sentiments Survey (RECSS)
News: The eighth round of RECSS shows strong revival in rural demand, rising incomes and improved household well-being over the past year. About Rural Economic Conditions and Sentiments Survey (RECSS) RECSS captures a mix of quantitative economic indicators (income, consumption, savings/borrowings, investment) and qualitative/subjective parameters reflecting household sentiments of rural population, like expectations of future income,… Continue reading Rural Economic Conditions and Sentiments Survey (RECSS)
Finfluencers
News: SEBI has directed Mumbai-based financial influencer Avadhut Sathe and his Avadhut Sathe Trading Academy to cease offering investment advice or research services, as they are not properly registered. About Finfluencers A finfluencer is a social media influencer who shares advice or information on financial topics such as saving, investing, budgeting, cryptocurrency, and wealth-building. They… Continue reading Finfluencers
Hindu Rate of Growth
News- Recently, Prime Minister Narendra Modi said at the Hindustan Times Leadership Summit that the phrase “Hindu rate of growth” reflected a colonial mindset.. About Hindu Rate of Growth It is a term that describes India’s low economic growth rates from the 1950s to the 1980s, which averaged around 3.5%. Term Coined By: It was… Continue reading Hindu Rate of Growth
