Contents1 What is the News?2 What are the key highlights from the article?2.1 Less number of Non-Farm Jobs Generated3 Increase in Farm Employment3.1 Manufacturing Employment3.2 MSMEs have not recovered to Pre-Covid Levels What is the News? There has been a massive increase in joblessness of at least 10 million due to COVID-19 on top of… Continue reading Joblessness on the rise in India
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.
National Open Access Registry(NOAR) goes live successfully
What is the News? National Open Access Registry(NOAR) has successfully gone live from 1st May 2022. What is the National Open Access Registry(NOAR)? Launched by: Ministry of Power. Purpose: It is a centralized online platform through which short-term open access to the interstate transmission system is being managed in India. The platform is accessible to… Continue reading National Open Access Registry(NOAR) goes live successfully
Railways restructuring to lead to closure of wings
Contents1 What is the News?2 What is the SRESTHA?3 Why was the SRESTHA unit closed?4 Why is this restructuring plan of Indian Railways being criticized? What is the News? Indian Railways has announced the closure of the Special Railway Establishment for Strategic Technology and Holistic Advancement (SRESTHA), Lucknow. What is the SRESTHA? It is a… Continue reading Railways restructuring to lead to closure of wings
APEDA launches gluten-free millet products for all age groups at affordable prices
What is the News? Agricultural & Processed Food Products Export Development Authority(APEDA) has launched a variety of millet products for all age groups at affordable prices ranging from Rs 5 to Rs 15 at the AAHAR food fair. What is AAHAR Food Fair? AAHAR is Asia’s biggest B2B international food and hospitality fair. Organized by:… Continue reading APEDA launches gluten-free millet products for all age groups at affordable prices
Mechanism to process unorganized workers’ accident claims in the works, says Ministry
What is the News? The Ministry of Labour and Employment is working on a mechanism to process accident insurance claims by unorganized workers registered on the e-Shram portal. What is e-Shram Portal? The Ministry of Labour and Employment had launched the e-Shram Portal with the aim of creating a national database of unorganized workers and… Continue reading Mechanism to process unorganized workers’ accident claims in the works, says Ministry
The recent woes of the jute industry in West Bengal
Contents1 What is the News?2 What is the problem the Indian Jute Industry is facing?3 Why is this happening? 4 Jute Industry in India5 India as a Jute Producer What is the News? Member of Parliament(MP) from Barrackpore constituency in West Bengal has met the Textile Minister to apprise him about issues concerning jute farmers, workers… Continue reading The recent woes of the jute industry in West Bengal
India’s Pharma exports grow by 103% since 2013-14
What is the News? According to the Ministry of Commerce and Industry, Indian pharma exports witnessed a growth of 103% since 2013-14. About Indian Pharmaceutical Exports Pharma Exports: Indian pharma exports witnessed a growth of 103% from 2013-14 till 2021-22. This is a remarkable growth with exports growing by almost USD 10 billion in 8… Continue reading India’s Pharma exports grow by 103% since 2013-14
Economy may take more than a decade to overcome COVID-19 losses: RBI report
What is the News? The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2021-22. Theme of the Report: ‘Revive and Reconstruct’ in the context of nurturing a durable recovery post-Covid and raising trend growth in the medium-term. What are the key highlights from the report? Covid-19 Impact… Continue reading Economy may take more than a decade to overcome COVID-19 losses: RBI report
RBI asks SEBI to act against agencies for loan rating gaps
What is the News? The Reserve Bank of India(RBI) wants the Securities and Exchange Board of India(SEBI) to widen its role and take action against rating agencies that are found deficient in rating loans. What does SEBI regulate currently? Currently, It is observed that the SEBI’s enforcement and punitive actions against rating agencies have lapses… Continue reading RBI asks SEBI to act against agencies for loan rating gaps
All you need to know about protected cultivation, or vertical farming
Contents1 What is the News?2 Background and Concept of Vertical Farming3 What is Vertical Farming?4 What are the different types of Vertical Farming?5 What are the advantages and disadvantages of Vertical Farming? What is the News? According to experts, all crops grown via vertical farming methods are usually over 95 percent water efficient. Background and… Continue reading All you need to know about protected cultivation, or vertical farming
