Contents1 What is the News?2 Background3 What can be done to overcome this problem?4 What was the issue then with Bamboo Charcoal?5 What has the Government done now? What is the News? The Centre has lifted the “export prohibition” on bamboo charcoal to boost the utilization of raw bamboo and support the industry. Background Bamboo… Continue reading Government lifts “Export Prohibition” on Bamboo Charcoal for Higher Profitability of Bamboo Industry
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.
GST Council recommendations not binding on government: SC
What is the News? The Supreme Court has ruled that the recommendations of the GST council are not binding on the Union and the State Governments. What are the key highlights from the Supreme Court judgment on GST? Firstly, the recommendations of the GST Council are the product of a collaborative dialogue involving the Union… Continue reading GST Council recommendations not binding on government: SC
Union Minister chairs meeting on Lab Grown Diamonds; Focus on Research and Development, setting up common facilities and skilling of adequate manpower
What is the News? The Union Minister for Commerce & Industry chaired a meeting with the representatives of Lab-Grown Diamonds Industry today in New Delhi. What are Lab Grown Diamonds? Lab-grown diamonds are diamonds which are grown inside a lab using cutting-edge technology that replicates the natural diamond growing process and the result is a… Continue reading Union Minister chairs meeting on Lab Grown Diamonds; Focus on Research and Development, setting up common facilities and skilling of adequate manpower
Explained: What is fair and average quality wheat, the norms for which have been relaxed by the government?
What is the News? The Centre has relaxed the Fair and Average Quality(FAQ) norms for wheat in the ongoing rabi marketing season in Punjab, Haryana, and Chandigarh raising the permissible limit of “shriveled and broken grains” to 18% from the existing 6%. Procurement Process of Wheat Every year, before procurement begins in April, the Storage… Continue reading Explained: What is fair and average quality wheat, the norms for which have been relaxed by the government?
The repo rate in India
Contents1 What is the News?2 What is Repo Rate?3 What is the importance of Repo Rate?4 How does Repo Rate function as a monetary tool?5 What impact does Repo Rate have on inflation? What is the News? Reserve Bank of India has announced that the RBI’s Monetary Policy Committee(MPC) had held an ‘off-cycle’ meeting at… Continue reading The repo rate in India
Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel
Contents1 What is the News?2 What is Dollarisation?3 How crypto would lead to the dollarisation of part of the economy?4 What are the other concerns highlighted by RBI on crypto?5 What are the steps taken by the Government of India to regulate Crypto? What is the News? Officials from the Reserve Bank of India told… Continue reading Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel
Cruise Tourism in India has potential to grow 10 fold says Shipping Minister
Contents1 What is the News?2 What is Cruise Tourism?3 Cruise Tourism Business in India4 What steps has the Government of India taken to promote Cruise Tourism? What is the News? The Union Minister for Ports, Shipping and Waterways has said that the Indian cruise market has the potential to grow 10-fold over the next decade.… Continue reading Cruise Tourism in India has potential to grow 10 fold says Shipping Minister
Centre relaxes procurement norms for shrivelled, broken wheat grains
What is the News? The Government of India has announced relaxations for the procurement of shrunken and shrivelled grains in Punjab and Haryana. What is the issue? Due to extreme heatwaves in the northern part of the country in March, the grain quality suffers so much that the percentage of shrivelled (to become smaller, especially… Continue reading Centre relaxes procurement norms for shrivelled, broken wheat grains
India plans dam project as China seeks to divert river
What is the News? India plans to construct the country’s second-largest dam at Yingkiong in Arunachal Pradesh to counter China’s ambitious water diversion scheme of the Brahmaputra River. What are China’s plans for the Brahmaputra River? China’s 14th five-year plan has proposed building a massive dam over the Brahmaputra river, known in China as the… Continue reading India plans dam project as China seeks to divert river
Punjab promoting green manure big time: what are the benefits, productivity
Contents1 What is the News?2 What is Green Manure?3 What are the benefits of Green Manure?4 Why is Green Manure important for Punjab? What is the News? Punjab Government is promoting the cultivation of green manure these days. It is providing a subsidy on the seed at the rate of Rs 2,000 per quintal. What… Continue reading Punjab promoting green manure big time: what are the benefits, productivity
