What is the News? As per Government data, India’s non-basmati rice exports witnessed a significant growth of 109% from USD 2925 million in FY 2013-14 to USD 6115 million in FY 2021-22. What has been the trend in the exports of Non-Basmati Rice? Any rice other than Basmati Rice is named as Non- Basmati rice.… Continue reading India’s Non-basmati rice exports grow by 109% since 2013-14 to USD 6115 million
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.
National Highways Precast Concrete Policy
What is the News? The Ministry of Road Transport & Highways(MORT&H) has released the National Highways Precast Concrete Policy. What is Precast Concrete? Precast concrete is reinforced concrete that is cast away from the building site and assembled on site. Advantages of Precast Concrete: 1) All-weather and fast construction, 2) Reliable quality & enhanced performance… Continue reading National Highways Precast Concrete Policy
Multi-Level Marketing and Pyramid Scheme – Explained: The case against Amway
What is the News? The Enforcement Directorate (ED) has provisionally attached assets worth Rs 757.77 crore belonging to M/s Amway India Enterprises Private Limited in connection with a money laundering case. What is Amway case about? Amway is a US-based company founded in 1959. It is a direct seller of FMCG products in health, nutrition,… Continue reading Multi-Level Marketing and Pyramid Scheme – Explained: The case against Amway
Gati Shakti may enable faster implementation of dedicated freight corridors
Contents1 What is the News?2 What is PM Gati Shakti?3 What are Dedicated Freight Corridors(DFCs)?4 How is Gati Shakti helping in the implementation of DFCs? What is the News? Prime Minister’s Gati Shakti – National Master Plan which is being adopted by every infrastructure department is set to enable faster implementation of the Dedicated Freight… Continue reading Gati Shakti may enable faster implementation of dedicated freight corridors
Explained: What is parboiled rice, and why Center wants to stop purchasing it
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
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
