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
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 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
India to get semi-high speed freight train
What is the News? The Railways is aiming to introduce the country’s first semi-high speed freight train named the ‘Gati Shakti’ train by December 2022. What is the ‘Gati Shakti’ train? The train is based on the Vande Bharat platform. The train has 16-coach and will be able to run at 160 km/hour. Initially, two… Continue reading India to get semi-high speed freight train
Front running: Sebi likely to soon initiate stringent action
Contents1 What is the News?2 What is Front running?3 What are the concerns associated with front running?4 What are the regulations against front running? What is the News? Recently, there was a case of mutual fund irregularities, including front-running the AMC’s transactions. The Securities and Exchange Board of India (Sebi) is expected to take harsh… Continue reading Front running: Sebi likely to soon initiate stringent action
World lost 11.2 crore jobs in the first quarter of 2022: ILO
Contents1 What is the News?2 What are the key findings of the “world of work” report?3 Findings related to India4 What are the suggestions provided by the report? What is the News? The “world of work” report has been released by International Labour Organisation. What are the key findings of the “world of work” report?… Continue reading World lost 11.2 crore jobs in the first quarter of 2022: ILO
What does India’s inequality report card have to say?
What is the News? Recently, the Economic Advisory Council to the Prime Minister(EAC-PM) has released the State of Inequality in India Report. About the State of Inequality in India Report and its findings Must read: State of Inequality in India Report Some other related findings Income inequality: As per the Periodic Labour Force Survey (PLFS)… Continue reading What does India’s inequality report card have to say?
