Contents1 What is the News?2 What is the problem the Indian Jute Industry is facing?3 Why is this happening? 4 Jute Industry in India5 India as a Jute Producer What is the News? Member of Parliament(MP) from Barrackpore constituency in West Bengal has met the Textile Minister to apprise him about issues concerning jute farmers, workers… Continue reading The recent woes of the jute industry in West Bengal
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’s Pharma exports grow by 103% since 2013-14
What is the News? According to the Ministry of Commerce and Industry, Indian pharma exports witnessed a growth of 103% since 2013-14. About Indian Pharmaceutical Exports Pharma Exports: Indian pharma exports witnessed a growth of 103% from 2013-14 till 2021-22. This is a remarkable growth with exports growing by almost USD 10 billion in 8… Continue reading India’s Pharma exports grow by 103% since 2013-14
Economy may take more than a decade to overcome COVID-19 losses: RBI report
What is the News? The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2021-22. Theme of the Report: ‘Revive and Reconstruct’ in the context of nurturing a durable recovery post-Covid and raising trend growth in the medium-term. What are the key highlights from the report? Covid-19 Impact… Continue reading Economy may take more than a decade to overcome COVID-19 losses: RBI report
RBI asks SEBI to act against agencies for loan rating gaps
What is the News? The Reserve Bank of India(RBI) wants the Securities and Exchange Board of India(SEBI) to widen its role and take action against rating agencies that are found deficient in rating loans. What does SEBI regulate currently? Currently, It is observed that the SEBI’s enforcement and punitive actions against rating agencies have lapses… Continue reading RBI asks SEBI to act against agencies for loan rating gaps
All you need to know about protected cultivation, or vertical farming
Contents1 What is the News?2 Background and Concept of Vertical Farming3 What is Vertical Farming?4 What are the different types of Vertical Farming?5 What are the advantages and disadvantages of Vertical Farming? What is the News? According to experts, all crops grown via vertical farming methods are usually over 95 percent water efficient. Background and… Continue reading All you need to know about protected cultivation, or vertical farming
India to get world’s longest and highest tunnel in Himachal by 2025
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
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’
