What is the News? India will soon be home to the world’s longest highway tunnel beneath Shinku-La Pass. What is the Shinku-La Tunnel? The Shinku-La tunnel will be built at Shinku La Pass at an altitude of 16,580ft. The tunnel will be 4.25 km in length. It will provide all-weather connectivity between Ladakh and Himachal.… Continue reading India to get world’s longest and highest tunnel in Himachal by 2025
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.
Explained: What are SPACs for which a regulatory framework may be in the works
Contents1 What is the News?2 What are Special Purpose Acquisition Companies(SPACs)?3 How do SPACs work?4 Advantages of SPACs5 The risk associated with SPACs What is the News? The Government of India is considering a regulatory framework for Special Purpose Acquisition Companies (SPACs) to lay the ground for the possible listing of Indian companies through this… Continue reading Explained: What are SPACs for which a regulatory framework may be in the works
Explained: How government procures wheat
Contents1 What is the News?2 Why does the Government procure Wheat?3 How is the procurement of wheat carried out?4 What is the price the government pays? What is the News? The procurement of wheat is underway in several states. Why does the Government procure Wheat? The Government policy of procurement of Food grains such as… Continue reading Explained: How government procures wheat
NITI Aayog Releases Draft Battery Swapping Policy for Stakeholder Comments
Contents1 What is the News?2 What is battery swapping?3 What is the purpose of the Draft Battery Swapping Policy?4 What are the proposals for the Draft Battery Swapping Policy? What is the News? Niti Aayog has released the Draft Battery Swapping Policy. What is battery swapping? Battery swapping is a mechanism that involves exchanging discharged… Continue reading NITI Aayog Releases Draft Battery Swapping Policy for Stakeholder Comments
India Post Payments Bank launches ‘Fincluvation’
What is the News? India Post Payments Bank(IPPB) has announced the launch of Fincluvation. What is Fincluvation? Fincluvation is a joint initiative to collaborate with the Fintech Startup community to co-create and innovate solutions for financial inclusion. Launched by: India Post Payments Bank(IPPB) and Department of Post(DoP). Tracks: Under the initiative, startups are encouraged to… Continue reading India Post Payments Bank launches ‘Fincluvation’
Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public
Contents1 What is the News?2 What are Nidhi Companies?3 What was the need for Nidhi (amendment) Rules, 2022?4 What are the key provisions of the Nidhi (amendment) Rules, 2022? What is the News? The government of India has released the Nidhi (amendment) Rules, 2022. This amendment brings changes to the Nidhi Rules,2014 to safeguard the… Continue reading Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public
India’s Non-basmati rice exports grow by 109% since 2013-14 to USD 6115 million
What is the News? As per Government data, India’s non-basmati rice exports witnessed a significant growth of 109% from USD 2925 million in FY 2013-14 to USD 6115 million in FY 2021-22. What has been the trend in the exports of Non-Basmati Rice? Any rice other than Basmati Rice is named as Non- Basmati rice.… Continue reading India’s Non-basmati rice exports grow by 109% since 2013-14 to USD 6115 million
National Highways Precast Concrete Policy
What is the News? The Ministry of Road Transport & Highways(MORT&H) has released the National Highways Precast Concrete Policy. What is Precast Concrete? Precast concrete is reinforced concrete that is cast away from the building site and assembled on site. Advantages of Precast Concrete: 1) All-weather and fast construction, 2) Reliable quality & enhanced performance… Continue reading National Highways Precast Concrete Policy
Multi-Level Marketing and Pyramid Scheme – Explained: The case against Amway
What is the News? The Enforcement Directorate (ED) has provisionally attached assets worth Rs 757.77 crore belonging to M/s Amway India Enterprises Private Limited in connection with a money laundering case. What is Amway case about? Amway is a US-based company founded in 1959. It is a direct seller of FMCG products in health, nutrition,… Continue reading Multi-Level Marketing and Pyramid Scheme – Explained: The case against Amway
Gati Shakti may enable faster implementation of dedicated freight corridors
Contents1 What is the News?2 What is PM Gati Shakti?3 What are Dedicated Freight Corridors(DFCs)?4 How is Gati Shakti helping in the implementation of DFCs? What is the News? Prime Minister’s Gati Shakti – National Master Plan which is being adopted by every infrastructure department is set to enable faster implementation of the Dedicated Freight… Continue reading Gati Shakti may enable faster implementation of dedicated freight corridors
