Source: The post is based on the article “Centre to promote dragon fruit cultivation in 50,000 hectares” published in The Hindu on 8th July 2022 What is the News? The Government of India has decided to promote the cultivation of dragon fruit, known as a “super fruit” for its health benefits. At present, Dragon fruit… Continue reading Dragon Fruit: Centre to promote dragon fruit cultivation in 50,000 hectares
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.
Bharat NCAP: The proposal for an India-specific norm for assessing vehicular safety in collision
Source: The post is based on the article “The proposal for an India-specific norm for assessing vehicular safety in collision” published in “The Hindu” on 8th July 2022. Contents1 What is the News?2 What is the purpose of NCAP?3 What is Bharat New Car Assessment Program (Bharat-NCAP)?4 What is the process of Bharat NCAP?5 What is the benefit… Continue reading Bharat NCAP: The proposal for an India-specific norm for assessing vehicular safety in collision
Understanding the all-time high in India’s trade deficit
Source: The post is based on the article “Understanding the all-time high in India’s trade deficit” published in The Hindu on 7th July 2022. Contents1 What is the News?2 What is driving up imports and denting exports in India?3 Reason for Slowdown in Exports4 What will be the trade trajectory of India in the coming… Continue reading Understanding the all-time high in India’s trade deficit
States Startup Ranking 2021: Results of Ranking of States on support to Start-up Ecosystems declared
Source: The post is based on the article “States Startup Ranking 2021: Results of Ranking of States Exercise 2021 on support to Start-up Ecosystems declared” published in PIB on 4th July 2022. What is the News? The 3rd edition of the State Startup Ranking was released by the Ministry of Commerce and Industry. What is… Continue reading States Startup Ranking 2021: Results of Ranking of States on support to Start-up Ecosystems declared
Toy imports down by 70% and exports up 61% over last three years as Make in India yields positive results for the sector
Source: The post is based on the article “Toy imports down by 70% and exports up 61% over the last three years as Make in India yields positive results for the sector” published in PIB on 5th July 2022. What is the News? According to Ministry of Commerce and Industry data, the import of toys… Continue reading Toy imports down by 70% and exports up 61% over last three years as Make in India yields positive results for the sector
Draft Development of Enterprise and Service Hubs (DESH) Bill: SEZs to be turned into mfg hubs for domestic markets
Source: The post is based on the article “SEZs to be turned into mfg hubs for domestic markets” published in Livemint on 6th July 2022. What is the News? Government plans to table the Development of Enterprise and Service Hubs (DESH) Bill in the monsoon session of the Parliament. This bill will replace the current… Continue reading Draft Development of Enterprise and Service Hubs (DESH) Bill: SEZs to be turned into mfg hubs for domestic markets
Home ministry amends FCRA rules; gives more time to declare funds
Source: The post is based on the article “Home ministry amends FCRA rules; gives more time to declare funds” published in Hindustan Times on 3rd July 2022. What is the News? The Ministry of Home Affairs has amended certain provisions in the Foreign Contribution (Regulation) Act (FCRA) and its rules. What are the key amendments… Continue reading Home ministry amends FCRA rules; gives more time to declare funds
India’s largest floating solar power project commissioned
What is the News? India’s largest floating solar plant is now fully operational at Ramagundam in Telangana’s Peddapalli district. About Ramagundam Floating Solar Project It is a 100-megawatt(MW) floating solar power photovoltaic project commissioned by the National Thermal Power Corporation(NTPC). Features: The project is endowed with advanced technology and Environment-friendly features. The solar modules are… Continue reading India’s largest floating solar power project commissioned
Delhi HC recently struck down powers of Banks Board Bureau; new body to select chiefs of PSU banks, insurance firms
Contents1 What is the News?2 When was the Bank Board Bureau set up?3 Why is BBB being replaced by the Financial Services Institutions Bureau(FSIB)?4 How will FSIB be different from BBB? What is the News? The Government of India has approved a government resolution for establishing the Financial Services Institutions Bureau(FSIB) in place of the… Continue reading Delhi HC recently struck down powers of Banks Board Bureau; new body to select chiefs of PSU banks, insurance firms
Assessment of States/UTs based on implementation of Business Reforms Action Plan for the year 2020 declared
What is the News? The Minister of Finance and Corporate Affairs has announced the assessment of States/UTs under the Business Reforms Action Plan(BRAP) 2020. What is the Business Reforms Action Plan(BRAP)? Released by: Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry since 2014. Aim: To boost investor confidence, foster business-friendly… Continue reading Assessment of States/UTs based on implementation of Business Reforms Action Plan for the year 2020 declared
