News: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the ‘Pradhan Mantri Surya Sarovar Yojana (PM-SSY)’. About Pradhan Mantri Surya Sarovar Yojana (PM-SSY) It is a scheme for the development of Floating Solar Photovoltaic (FSPV) Projects with Energy Storage Systems (ESS). Aim: It aimed at accelerating floating solar power by providing… Continue reading Pradhan Mantri Surya Sarovar Yojana (PM-SSY)
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.
Samudra Manthan (National Offshore Exploration Scheme)
News: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved ‘Samudra Manthan (National Offshore Exploration Scheme). About Samudra Manthan (National Offshore Exploration Scheme) Samudra Manthan is a comprehensive initiative to accelerate offshore oil and gas exploration and production across the entire exploration value chain. It adopts an integrated approach to accelerate… Continue reading Samudra Manthan (National Offshore Exploration Scheme)
Xtreme Weather Grade (XWG) Diesel
News: Chief of the Army Staff (COAS) launched the indigenously developed Xtreme Weather Grade (XWG) Diesel in New Delhi, jointly developed by the Indian Army and Oil Marketing Companies. About Xtreme Weather Grade (XWG) Diesel It is a specialized fuel that will enhance the mobility, safety and operational availability of combat and logistics vehicles in… Continue reading Xtreme Weather Grade (XWG) Diesel
India’s First Protection and Indemnity (P&I) Insurance Product
News: The Department of Financial Services (DFS) has launched India’s first sovereign-backed Protection and Indemnity insurance product under Bharat Maritime Insurance Pool (BMIP). About India’s First Protection and Indemnity (P&I) Insurance Product India’s first sovereign-backed Protection & Indemnity (P&I) insurance product has been launched to provide domestic P&I cover for Indian ships and vessels connected… Continue reading India’s First Protection and Indemnity (P&I) Insurance Product
Telecom Manufacturing Zone
News: Department of Telecommunications Signs MoU with Government of Madhya Pradesh for Establishment of Telecom Manufacturing Zone (TMZ) in Gwalior. About Telecom Manufacturing Zone Location: The Department of Telecommunications (DoT) and the Government of Madhya Pradesh signed a Memorandum of Understanding (MoU) to establish India’s first integrated Telecom Manufacturing Zone (TMZ) in Gwalior, Madhya Pradesh.… Continue reading Telecom Manufacturing Zone
Kalpasar Project
News: During his Netherlands visit, PM Narendra Modi visited the Afsluitdijk dam, and India signed an LoI with the Netherlands for technical cooperation on the Kalpasar Project. About Kalpasar Project It is a multipurpose initiative aimed at providing water for irrigation and industrial and domestic use in the water-stressed Saurashtra region of Gujarat. It envisages… Continue reading Kalpasar Project
Koldam Hydro Power Project
News: The Koldam NTPC Hydroelectric Project generated over 3512 million units of power in 2025-26, the highest ever since the project was commissioned. About Koldam Hydro Power Project The Koldam Hydro Power Project is an 800 MW hydroelectric station located in the Bilaspur and Mandi districts of Himachal Pradesh, India. River associated: It is built… Continue reading Koldam Hydro Power Project
CBDT’s Crypto-Asset Reporting Guidance
News: The Central Board of Direct Taxes has released a guidance note on crypto-asset reporting obligations, aligning India’s tax reporting framework with the OECD framework. About CBDT’s Crypto-Asset Reporting Guidance Definition of crypto as per Indian law: India’s income tax law defines a “crypto-asset” as a digital representation of value that relies on a cryptographically… Continue reading CBDT’s Crypto-Asset Reporting Guidance
Unjha Jeera
News: Unjha Jeera from Gujarat has officially received the Geographical Indication (GI) tag. About Unjha Jeera It belongs to Unjha region, located in Mehsana district, Gujarat. It is home to one of Asia’s largest spice markets and serves as a major trading hub for cumin. Features: It is particularly known for its large seeds, stemless… Continue reading Unjha Jeera
Start-up Village Entrepreneurship Programme (SVEP)
News: As India’s start-up ecosystem expands, the government is promoting rural entrepreneurship through the Start-up Village Entrepreneurship Programme (SVEP). About Start-up Village Entrepreneurship Programme (SVEP) It is the sub-scheme under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) programme . Launched: It was launched in 2016. Nodal Ministry: Ministry of Rural Development Objective: The objective… Continue reading Start-up Village Entrepreneurship Programme (SVEP)
