Contents1 What is the News?2 What is Parboiled Rice?3 Are all rice varieties suitable for parboiling?4 What are the benefits and disadvantages of parboiled rice?5 About the demand for Parboiled Rice What is the News? Telangana Chief Minister has staged a dharna demanding a uniform paddy procurement policy. This protest came after the Center said… Continue reading Explained: What is parboiled rice, and why Center wants to stop purchasing it
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.
Egypt approves India as wheat supplier
What is the News? Egypt has approved India as a wheat supplier. This comes amid a sharp dip in global wheat production, largely because of the Russia-Ukraine war. About Wheat Wheat is a Rabi Crop. It is the second most important cereal crop in India after rice. It is mostly consumed in the north and… Continue reading Egypt approves India as wheat supplier
Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC
Contents1 What is the News?2 What is Longevity?3 Why was the Committee on Longevity Finance setup?4 What are the committee’s views on Longevity Finance? What is the News? International Finance Services Centers Authority(IFSCA) had constituted an Expert Committee on Longevity Finance. It was co-chaired by Ms. Kaku Nakhate and Mr. Gopalan Srinivasan. The committee has… Continue reading Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC
Explained: Why lemons are so costly now
What is the News? Over the last few weeks, the price of lemon has touched unprecedented highs, with a single lemon selling between Rs 10 and Rs 15 in most markets. What is Lemon(Nimbu)? In India, Nimbu comes under two broad categories: lemon and lime. The small, round and thin-skinned kaagzi is the most commonly… Continue reading Explained: Why lemons are so costly now
RBI proposes to make card-less cash withdrawal facility available across all banks, ATM networks using UPI
Contents1 What is the News?2 What is a cardless cash withdrawal facility?3 What are the current ways of cardless cash withdrawals at ATMs? 4 How will cash withdrawals via UPI work? What is the News? Reserve Bank of India(RBI) has proposed to make cardless cash withdrawal facilities available at all ATMs, irrespective of banks, through the… Continue reading RBI proposes to make card-less cash withdrawal facility available across all banks, ATM networks using UPI
India’s Agriculture Exports touch a historic high of USD 50 billion
What is the News? India’s exports of agricultural products (including marine and plantation products) for the year 2021-22 have crossed $50 billion. About India’s Agriculture Exports Agriculture exports have grown by 19.92% during 2021-22 to touch $50.21 billion. This is the highest level ever achieved for agriculture exports. This export growth has been achieved mostly… Continue reading India’s Agriculture Exports touch a historic high of USD 50 billion
Union Minister says Government has launched number of programs to aid Start-ups in technology sectors
Contents1 What is the News?2 What are the programmes launched to aid Startups in technology sectors?2.1 National Initiative for Developing and Harnessing Innovations(NIDHI)3 Common Research and Technology Development Hubs (CRTDHs)3.1 Industry Relevant R & D(IRRD) Scheme What is the News? The Union Minister of Science & Technology has said that the Government has launched a… Continue reading Union Minister says Government has launched number of programs to aid Start-ups in technology sectors
Broadcast Seva Portal launched for ease of doing business in broadcast
What is the News? The Ministry of Information and Broadcasting has launched the “Broadcast Seva Portal”. What is Broadcast Seva Portal? Launched by: Ministry of Information and Broadcasting(I&B). Purpose: It is an online portal aimed at improving the ease of doing business in the broadcast industry. Features: The portal can be used by broadcasters for… Continue reading Broadcast Seva Portal launched for ease of doing business in broadcast
India’s trade deficit widens 87.5% to record $192 billion
Contents1 What is the News?2 India’s Merchandise Trade Deficit3 Why has the trade deficit increased?4 What are the concerns going forward? What is the News? According to Government data, India’s trade deficit has increased by 87.5% to a record $192 billion in 2021-22 from $102 billion in the previous financial year. India’s Merchandise Trade Deficit… Continue reading India’s trade deficit widens 87.5% to record $192 billion
Competition Commission of India Revises Long Form for Merger & Acquisitions
What is the News? Competition Commission of India(CCI) has revamped the content and format of information regarding parties to a Combination. They need to file with the CCI when their post-merger market share exceeds a specified threshold. According to the revised format, parties to a Combination need to file a report to the CCI when… Continue reading Competition Commission of India Revises Long Form for Merger & Acquisitions
