Source: The post is based on the article “FTP opens doors for some second hand goods imports” published in The Hindu on 7th April 2023 What is the News? The government of India has notified the new Foreign Trade Policy(FTP) 2023. What does the Foreign Trade Policy 2023 provide for the import of second-hand goods?… Continue reading FTP opens doors for some second hand goods imports
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.
Cabinet approves revised domestic gas pricing guidelines
Source: The post is based on the article “Cabinet approves revised domestic gas pricing guidelines” published in PIB on 6th April 2023 What is the News? The Cabinet Committee on Economic Affairs has approved a new mechanism to fix pricing for domestic natural gas in India. What are the changes made in the prices of… Continue reading Cabinet approves revised domestic gas pricing guidelines
What is the open-source seeds movement?
Source: The post is based on the article “What is the open-source seeds movement?” published in The Hindu on 6th April 2023 What is the News? Farmers have innovated and shared seeds without any intellectual property rights (IPR) for centuries. They also haven’t sought exclusive rights over seeds and germplasm to prevent others from innovating… Continue reading What is the open-source seeds movement?
IFC to stop funding new coal-powered electricity projects
Source: The post is based on the article “IFC to stop funding new coal-powered electricity projects” published in The Hindu on 6th April 2023 What is the News? The International Finance Corporation (IFC) has announced that it will not support investments in new coal projects. What is International Finance Corporation(IFC)? IFC was established in 1956… Continue reading IFC to stop funding new coal-powered electricity projects
India seeks information from USFDA/CDC on alleged contamination of eye drops
Source: The post is based on the article “India seeks information from USFDA/CDC on alleged contamination of eye drops” published in The Hindu on 5th April 2023 What is the News? The Drugs Controller General of India(DCGI) has written to the US Centers for Disease Control and Prevention(CDC) seeking details on the alleged contamination of… Continue reading India seeks information from USFDA/CDC on alleged contamination of eye drops
Chhattisgarh’s Nagri Dubraj rice variety gets geographical indication tag
Source: The post is based on the article “Chhattisgarh’s Nagri Dubraj rice variety gets geographical indication tag” published in Business Standardon 4th April 2023 What is the News? The Geographical Indication Registry has granted Chhattisgarh’s aromatic rice, Nagri Dubraj, a geographical indication(GI) tag. What is Nagri Dubraj? Nagri Dubraj is a variety of aromatic rice… Continue reading Chhattisgarh’s Nagri Dubraj rice variety gets geographical indication tag
National Electricity Plan 2022-27: Coal-fired projects back on, mega lithium battery storage push in new power policy blueprint
Source: The post is based on the article “Coal-fired projects back on, mega lithium battery storage push in new power policy blueprint” published in Indian Express on 3rd April 2023 What is the News? The National Electricity Plan (NEP) 2022-27 has been rolled out which marks a discernible reversal in the policy thrust from its… Continue reading National Electricity Plan 2022-27: Coal-fired projects back on, mega lithium battery storage push in new power policy blueprint
CDC concerned about drug-resistant bacteria strain allegedly linked to eye-drops imported from India
Source: The post is based on the article “CDC concerned about drug-resistant bacteria strain allegedly linked to eye-drops imported from India” published in The Hindu on 4th April 2023 What is the News? The Centers for Disease Control(CDC) has warned people to stop using “artificial tear” eye drops sold by EzriCare. What are EzriCare Eye… Continue reading CDC concerned about drug-resistant bacteria strain allegedly linked to eye-drops imported from India
Foreign Trade Policy 2023 announced
Source: The post is based on the following articles “Foreign Trade Policy 2023 announced” published in PIB on 31st March 2023 “India aims for $2 tn in exports by 2030” published in Livemint on 1st April 2023 “Foreign Trade Policy 2023 announced” published in PIB on 1st April 2023 “Government vows swifter nod for exporters”… Continue reading Foreign Trade Policy 2023 announced
Drugs for rare diseases get customs duty relief
Source: The post is based on the article “Drugs for rare diseases get customs duty relief” published in Indian Express on 31st March 2023 What is the News? The Central Government has given full exemption from basic customs duty on all drugs and food for special medical purposes imported for personal use for the treatment… Continue reading Drugs for rare diseases get customs duty relief
