News: The Union Cabinet has approved the proposal of the Department of Rural Development for Continuation of the National Social Assistance Programme (NSAP) with renamed as Pradhan Mantri Samajik Sahayata Yojana. About National Social Assistance Programme (NSAP) The National Social Assistance Programme (NSAP) was launched on 15th August, 1995. Nature of Scheme: It is a… Continue reading Renaming of National Social Assistance Programme (NSAP)
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.
Soybean Cultivation in India
News: On the occasion of Soybean Harvest Day, the yield potential of the improved soybean Varieties NRC 268 and NRC 270 was assessed. About Soybean Cultivation in India Soybean (Glycine max) is a significant legume in the pea family (Fabaceae). It is known for its nitrogenfixing ability through symbiosis with soil bacteria Soybean is a… Continue reading Soybean Cultivation in India
Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy–Shipbuilders (BCSPS)
News: During the 21st Meeting of Maritime State Development Council, Shipbuilding Project Credit Risk Insurance Policy (SbPCP), and Business Credit Shield Policy–Shipbuilders (BCSPS), credit risk insurance products have been launched to support India’s shipbuilding industry. About Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy–Shipbuilders (BCSPS) Shipbuilding Project Credit Risk Insurance Policy… Continue reading Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy–Shipbuilders (BCSPS)
Global Innovation Index 2026
News: The Global Innovation Index (GII) 2026 has been released by World Intellectual Property Organization (WIPO). About Global Innovation Index 2026 Global Innovation Index 2026 has been released by World Intellectual Property Organization (WIPO). 2026 Edition: This is the 19th edition of the GII. Coverage: It ranked the innovation performance of 139 economies, maps the… Continue reading Global Innovation Index 2026
2026 Nobel Prize in Economics
News: 2026 Nobel Prize in Economics is being awarded to Robert E. Hall of Stanford University and Michael Woodford of Columbia University. About 2026 Nobel Prize in Economics American-born economists Robert E. Hall and Michael Woodford won the 2026 Nobel Prize in Economics. They got prize for their work on the microeconomic foundations of macroeconomic… Continue reading 2026 Nobel Prize in Economics
National Critical Minerals Mission (NCMM)
News: To safeguard the country from any supply disruptions, India’s National Critical Minerals Mission (NCMM) has proposed to develop a National Critical Mineral Stockpile Programme. About National Critical Minerals Mission (NCMM) National Critical Mineral Mission (NCMM) was launched in 2025 to establish a robust framework for self-reliance in the critical mineral sector. Nodal Ministry: Ministry… Continue reading National Critical Minerals Mission (NCMM)
Eastern Maritime Corridor (EMC)
News: Geopolitical disruptions in the Strait of Hormuz and Red Sea have highlighted India’s need for safer and diversified energy routes like Eastern Maritime Corridor (EMC). About Eastern Maritime Corridor (EMC) The Eastern Maritime Corridor (EMC) is also called the Chennai-Vladivostok Sea Route. It connects South India with Russia’s Far East. Origin: It was launched… Continue reading Eastern Maritime Corridor (EMC)
Additive Manufacturing (AM) and National Strategy for Additive Manufacturing (NSAM)
News: India has strengthened its Additive Manufacturing (AM) ecosystem under National Strategy for Additive Manufacturing. About Additive Manufacturing (AM) Additive Manufacturing(AM) is defined as the technology that constructs a three-dimensional object from a digital 3D model or a CAD model by adding material layer by layer. It is commonly known as 3D printing. It brings… Continue reading Additive Manufacturing (AM) and National Strategy for Additive Manufacturing (NSAM)
Integrated Transport & Logistics Authority (ITLA)
News: The Union Cabinet approved ITLA as a Special Purpose Vehicle to improve coordination and multimodal integration in transport and logistics. About Integrated Transport & Logistics Authority (ITLA) The Integrated Transport & Logistics Authority (ITLA) is a Special Purpose Vehicle (SPV) established for the transportation and logistics sectors. Aim: It aims to address fragmented planning… Continue reading Integrated Transport & Logistics Authority (ITLA)
SME Growth Fund
News: The Union Cabinet approved the Government of India’s commitment of Rs.10,000 crore towards the establishment of the SME Growth Fund (SGF). About SME Growth Fund The SME Growth Fund is designed as a direct equity investment fund. Announced by: It has been announced by Ministry of Finance. Fund allocation: It will provide an aggregate… Continue reading SME Growth Fund
