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
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.
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
Cabinet approves Computerization of Primary Agriculture Credit Societies(PACS)
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)
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
