What is the News? Government has set a target of about Rs 1 trillion for the National Bank for Financial Infrastructure and Development(NaBFID) for sanctioning loans to the infrastructure sector in the next financial year. What is NaBFID? NaBFID has been set up as a Development Financial Institution(DFI) to support the development of long-term infrastructure… Continue reading National Bank for Financial Infrastructure and Development: Govt sets Rs 1-trillion infrastructure lending target for DFI
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.
India achieves $400 billion merchandise exports well before target date: Commerce Minister
What is the News? India’s Annual Merchandise(Goods) Exports have crossed the $400-billion mark for the first time ever. This is 37% higher than the previous financial year, when India exported goods worth $291 billion. During the same time period, imports grew 51% on year to $589 billion, resulting in a trade deficit of $189 billion.… Continue reading India achieves $400 billion merchandise exports well before target date: Commerce Minister
Cabinet approves extension of applicability of New Investment Policy-2012 for three units of Hindustan Urvarak and Rasayan Limited
What is the News? Cabinet Committee on Economic Affairs has approved the proposal of the Department of Fertilizers for extension of the applicability of New Investment Policy (NIP)-2012 for the three units of Hindustan Urvarak & Rasayan Limited (HURL) viz. Gorakhpur, Sindri and Barauni. What is New Investment Policy (NIP)-2012? New Investment Policy(NIP)-2012 was announced… Continue reading Cabinet approves extension of applicability of New Investment Policy-2012 for three units of Hindustan Urvarak and Rasayan Limited
The National Land Monetisation Corporation
Contents1 What is the News?2 What is Monetisation?3 What are the ways to monetise Government assets?4 What is the need for Monetisation?5 What is the National Land Monetisation Corporation (NLMC)? 6 How much land is currently available for monetisation? 7 What are the possible challenges for NLMC? What is the News? The Union Cabinet has approved the… Continue reading The National Land Monetisation Corporation
How PLIs can help India leapfrog to green mobility
Contents1 What is the News?2 What are Productive Linked Incentive(PLI) Schemes?3 How can PLI Schemes help in green mobility?4 Which PLI Schemes can help build a green ecosystem?5 What is the significance of these PLI Schemes? What is the News? A transition to green vehicles with lower and, ultimately, zero carbon emissions has presented an… Continue reading How PLIs can help India leapfrog to green mobility
National Rail Plan Vision – 2030
What is the News? The Minister of Railways has informed Lok Sabha about the National Rail Plan Vision – 2030. What is the National Rail Plan Vision – 2030? Prepared by: Indian Railways Aim: To create a ‘future ready’ Railway system by 2030 Salient Features of the plan – Formulate strategies based on both operational… Continue reading National Rail Plan Vision – 2030
Global Entrepreneurship Monitor(GEM)
What is the News? The Minister for Skill Development and Entrepreneurship has informed Lok Sabha about the Startup and Entrepreneurship ecosystem in India. Startup Ecosystem in India: India has become the third-largest start-up ecosystem in the world after the US and China, with over 60,000 start-ups. India created 42 Unicorns in the year 2021 alone.… Continue reading Global Entrepreneurship Monitor(GEM)
Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal
What is the News? The Union Minister of Coal has informed Rajya Sabha about the reforms undertaken in the Coal Sector. Read more: Coal crisis in India – Explained, pointwise What are the measures that have been taken by the Government to meet the coal requirement in India? Commercial Auction of coal on revenue share… Continue reading Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal
People will get land records in their own language soon, says Union Minister
Contents1 What is the News?2 What are the steps taken by the Government in Land Governance Reforms?2.1 National Generic Document Registration System (NGDRS)3 Digital India Land Record Modernization Programme(DILRMP)4 ULPIN (Unique Land Parcel Identification Number) What is the News? The Union Minister for Rural Development has announced that everyone will soon be able to get… Continue reading People will get land records in their own language soon, says Union Minister
Ministry of Tourism has formulated a National Strategy and Roadmap for Medical and Wellness Tourism: Union Minister
What is the News? The Minister of Tourism has informed the Lok Sabha about the National Strategy and Roadmap for Medical and Wellness Tourism. What is Medical Tourism and Wellness Tourism? Medical Tourism: It may be defined as ‘activities related to travel and hosting a foreign tourist who stays at least one night at the… Continue reading Ministry of Tourism has formulated a National Strategy and Roadmap for Medical and Wellness Tourism: Union Minister
