Contents1 What is the News?2 What are Primary Agricultural Credit Societies (PACS)?3 Why are PACs computerized?4 What are the benefits of the computerisation of PACs? What is the News? Cabinet Committee on Economic Affairs has approved the Computerization of Primary Agricultural Credit Societies (PACS). The objective behind this is to increase the efficiency of PACS,… Continue reading Cabinet approves Computerization of Primary Agriculture Credit Societies(PACS)
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.
Nigeria’s latest lithium find: some key questions answered
Contents1 What is the News?2 What is Lithium?3 What is High-Grade Lithium?4 What are the uses of Lithium? What is the News? Recently, High-grade Lithium has been discovered in Nigeria. What is Lithium? Click Here to read about it What is High-Grade Lithium? The Geological Agency described lithium as high grade because it is found… Continue reading Nigeria’s latest lithium find: some key questions answered
Niti Aayog’s report on India’s gig economy: what has the think-tank recommended?
Contents1 What is the News?2 What is “India’s Booming Gig and Platform Economy” Report?3 What are the other findings of the report?4 What are the recommendations of the report? What is the News? NITI Aayog has released a report titled ‘India’s Booming Gig and Platform Economy’. What is “India’s Booming Gig and Platform Economy” Report?… Continue reading Niti Aayog’s report on India’s gig economy: what has the think-tank recommended?
NITI Aayog Launches Report on India’s Gig and Platform Economy
Contents1 What is the News?2 What is India’s Booming Gig and Platform Economy Report?3 What are the key highlights from the report?4 What are the recommendations of the report? What is the News? NITI Aayog has launched a report titled ‘India’s Booming Gig and Platform Economy’. What is India’s Booming Gig and Platform Economy Report?… Continue reading NITI Aayog Launches Report on India’s Gig and Platform Economy
Crisis in salt sector hits 5 lakh people in Gujarat
Contents1 What is the News?2 Salt Industry in India3 Government of India’s role in the Salt Industry4 What are the problems the Salt Industry is facing currently?5 What should the government do to solve the problems in the Salt Industry? What is the News? The Salt Industry is facing enormous challenges in meeting the demand… Continue reading Crisis in salt sector hits 5 lakh people in Gujarat
Biodiversity loss to raise India’s bankruptcy risk 29%
Contents1 What is the News?2 What are Sovereign credit ratings?3 What is the link between Sovereign credit rating and Biodiversity loss?4 How will this impact ordinary people? What is the News? According to a study by British economists, loss of biodiversity will downgrade the Sovereign credit ratings of several countries including India increasing their bankruptcy… Continue reading Biodiversity loss to raise India’s bankruptcy risk 29%
India’s First Logistics Excellence Awards highlight the contributions of the Private Sector driving change and innovation in the Logistics Sector
What is the News? The Government of India has hosted its first-ever National Logistics Excellence Awards. What is the National Logistics Excellence Awards? Launched by: Ministry of Commerce and Industry Aim: To acknowledge the many logistics service providers in the country that have been able to display innovation, diversity and efficiency. Categories: The awards were… Continue reading India’s First Logistics Excellence Awards highlight the contributions of the Private Sector driving change and innovation in the Logistics Sector
PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
What is the News? The Prime Minister has inaugurated ‘Vanijya Bhawan’ and launched the NIRYAT portal. What is Vanijya Bhawan? It is a new premises of the Ministry of Commerce and Industry. It is designed as a smart building which incorporates the principles of sustainable architecture with a special focus on energy saving. It will… Continue reading PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
Dutch disease
Contents1 What is the News?2 What is Dutch Disease?3 Who coined the term Dutch Disease?4 How to combat Dutch Disease? What is the News? This article talks about the Dutch Disease and how to combat it. What is Dutch Disease? Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across… Continue reading Dutch disease
Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
What is the News? The Reserve Bank of India(RBI) has released the “Payments Vision 2025”. What is “Payments Vision 2025”? Released by: Reserve Bank of India(RBI) Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es) Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes). Goalposts: The activities to… Continue reading Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
