What is the News? IIM-Ahmedabad(IIM-A) has joined hands with SFarms India (an e-marketplace for agricultural land) to launch a farm land price index called IIM-Ahmedabad SFarmsIndia Land Price Index (ISALPI). What is IIM-Ahmedabad SFarmsIndia Land Price Index (ISALPI)? Launched by: IM-Ahmedabad(IIM-A) and SFarms India (an e-marketplace for agricultural land). Purpose: The index has been designed… Continue reading In a first, IIM-Ahmedabad brings out agriculture land price index
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.
India to oppose continuation of moratorium on customs duties on e-com trade at WTO meet
Contents1 What is the News?2 What is the E-transmission Moratorium? 3 What will be India’s stand on E-transmission Moratorium?4 Why is India opposing the extension of the E-transmission Moratorium? What is the News? India will strongly oppose the continuation of the moratorium on customs duties on e-commerce trade at the World Trade Organization(WTO)’s 12th Ministerial Conference… Continue reading India to oppose continuation of moratorium on customs duties on e-com trade at WTO meet
Cabinet approves Expanding the mandate of Government e Marketplace – Special Purpose Vehicle (GeM – SPV) to allow procurement by Cooperatives as Buyers
Contents1 What is the News?2 What is the Government e-Marketplace(GeM)?3 What is the recent decision taken by the Government? 4 What is the significance of this decision? What is the News? The Union Cabinet has given its approval for expanding the mandate of Government e-Marketplace(GeM) to allow procurement by Cooperatives as buyers on GeM. What is… Continue reading Cabinet approves Expanding the mandate of Government e Marketplace – Special Purpose Vehicle (GeM – SPV) to allow procurement by Cooperatives as Buyers
Explained: How India, Bangladesh are rebooting their rail link
Contents1 What is the News?2 What are the rail links launched between India and Bangladesh?2.1 Passenger Trains2.2 Freight Trains What is the News? India and Bangladesh are rebooting their rail links by launching several rail services between the two countries. What are the rail links launched between India and Bangladesh? Passenger Trains Bandhan Express: It… Continue reading Explained: How India, Bangladesh are rebooting their rail link
The story behind the GDP-GVA Gap
Contents1 What is the News?2 What is the difference between GVA & GDP?3 What explains the gap between GDP & GVA?4 Was the GDP & GVA gap there before FY21?5 Will the GDP-GVA divergence continue? What is the News? According to the data released by the government, the two measures of India’s economy— ‘gross value… Continue reading The story behind the GDP-GVA Gap
Explained: What is liquid nano urea, produced by IFFCO, which can potentially revolutionize the use of nitrogen fertilizers in India?
What is the News? The Prime Minister has officially inaugurated the country’s first liquid nano urea plant at Kalol, Gujarat. What is Liquid Nano Urea? It is essentially urea in the form of a nanoparticle. Urea is chemical nitrogen fertilizer, white in colour which artificially provides nitrogen, a major nutrient required by plants. Purpose: It… Continue reading Explained: What is liquid nano urea, produced by IFFCO, which can potentially revolutionize the use of nitrogen fertilizers in India?
Explained: What is a unicorn, and what does it take to become one?
What is the News? The Prime Minister has praised India’s startup ecosystem as he highlighted that the country has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. What is a Unicorn? Unicorns are privately held, venture-capital-backed startups that have reached a value of $1 billion. The valuation of… Continue reading Explained: What is a unicorn, and what does it take to become one?
Ministry of Science and Technology inaugurates India’s ‘First Lavender Festival’ in Bhaderwah
What is the News? Union Minister has inaugurated India’s ‘First Lavender Festival’ in Bhaderwah and termed Bhaderwah as the birthplace of India’s Purple Revolution. Note: India’s first National Institute of High Altitude Medicine is also being built in Bhaderwah. What is Lavender? Lavandula (common name lavender) is a genus of 47 known species of flowering… Continue reading Ministry of Science and Technology inaugurates India’s ‘First Lavender Festival’ in Bhaderwah
Annual Survey of Industries (ASI): Year before Covid: Jobs in corporate sector, LLPs grew, proprietorships fell
What is the News? Ministry of Statistics and Programme Implementation has released the provisional results of the Annual Survey of Industries (ASI). What is the Annual Survey of Industries (ASI)? It is the principal source of industrial statistics in India and the most comprehensive data on organised manufacturing. It covers all factories employing 10 or… Continue reading Annual Survey of Industries (ASI): Year before Covid: Jobs in corporate sector, LLPs grew, proprietorships fell
Government of India has set a target to achieve 100 Million Tonnes Coal Gasification by 2030: Additional Secretary, Coal Ministry
Contents1 What is the News?2 What is Coal Gasification?3 What are the advantages of coal gasification?4 What are the concerns associated with coal gasification? What is the News? Recently, the Ministry of Coal has organized the National Mineral Congress. The Ministry has also prepared a National Mission document to achieve 100 MT Coal Gasification by… Continue reading Government of India has set a target to achieve 100 Million Tonnes Coal Gasification by 2030: Additional Secretary, Coal Ministry
