What is the News? A virtual function was held to mark the launch of the Global Centre of Excellence in Affordable and Clean Energy(GCoE-ACE) at the Indian Institute of Technology, Dharwad (IITDh), Karnataka. What is the purpose of the Global Centre of Excellence for Affordable and Clean Energy (GCoE-ACE)? The Centre has been established with… Continue reading Launch of the Global Center of Excellence in Affordable and Clean Energy (GCoE-ACE) at IIT Dharwad
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.
Udyam System of registration: 6% of MSMEs owned by SC entrepreneurs
What is the News? The Ministry of MSME has released the data regarding the number of Scheduled Caste (SC) owned enterprises covered under the Udyam system of registration. What are the key findings from the data? The proportion of enterprises owned by Scheduled Caste entrepreneurs in the overall national tally of MSMEs is 6%. Maharashtra… Continue reading Udyam System of registration: 6% of MSMEs owned by SC entrepreneurs
Explained: Fed move and Indian markets
What is the News? The US Federal Reserve has announced that it would end its pandemic-era bond purchases and raise interest rates subsequently. Both these measures are aimed at taming inflation, currently at a four-decade high of around 7%. This is likely to impact emerging market economies such as India. How do US Fed actions… Continue reading Explained: Fed move and Indian markets
MoHUA-AFD Launch Swachhata Start-Up Challenge to Nurture the Evolving Ecosystem of Indian Waste Management Sector
Contents1 What is the News?2 What is the Swachhata Start-Up Challenge?2.1 Aim:3 Awards and Prizes: What is the News? The Ministry of Housing & Urban Affairs(MoHUA) in partnership with the Department of Promotion of Industry and Internal Trade (DPIIT) and Agence Française de Développement (AFD) has launched the Swachhata Start-Up Challenge. What is the Swachhata… Continue reading MoHUA-AFD Launch Swachhata Start-Up Challenge to Nurture the Evolving Ecosystem of Indian Waste Management Sector
Anti-dumping duty: India probes China, Vietnam over ‘dumping’ of vinyl tiles
What is the News? India has initiated an anti-dumping probe against imports of Vinyl Tiles from China, Taiwan and Vietnam. Note: Vinyl Tile is a type of tile used for covering the floors in residential and commercial buildings. What is Anti-dumping duty? Dumping is said to occur when the goods are exported by a country… Continue reading Anti-dumping duty: India probes China, Vietnam over ‘dumping’ of vinyl tiles
Buoyant exports but unfavorable trade balance: Why there is a dichotomy
Contents1 What is the News?2 How have Indian Exports and Imports performed in the Fiscal Year 2021-22?2.1 Exports2.2 Imports2.3 Trade Deficit3 How is India planning to overcome the trade deficit? What is the News? India’s exports have risen sharply in this fiscal year. However, India’s imports have also risen sharply during the same period, leading… Continue reading Buoyant exports but unfavorable trade balance: Why there is a dichotomy
Indian Tech Start-up Ecosystem: Start-ups raised a record $24.1 billion in 2021: study
What is the News? NASSCOM in association with Consultancy Firm Zinnov has released a report titled ‘Indian Tech Start-up Ecosystem: Year of The Titans’. What are the key findings of the Indian Tech Start-up Ecosystem report? More than 2,250 startups were added in the year 2021. This is 600 more than what was added in… Continue reading Indian Tech Start-up Ecosystem: Start-ups raised a record $24.1 billion in 2021: study
New Model for Asset Monetisation: People can soon invest in infra projects: Gadkari
What is the News? The Union government is awaiting approval of the Securities Exchange Board of India (SEBI) for the New Model for Asset Monetisation. What is the New Model for Asset Monetisation planned by the Government? Currently, most of the pension funds and foreign investors are investing in infrastructure projects. But under this new… Continue reading New Model for Asset Monetisation: People can soon invest in infra projects: Gadkari
Cabinet approves Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts
Contents1 What is the News?2 What is the “Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts”?3 How was the interest differential calculated?4 Who was eligible for the scheme? What is the News? The Union Cabinet has approved the payment of… Continue reading Cabinet approves Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts
Experts from India and Israel suggested expanding scope of India-Israel Industrial R&D & Technological Innovation Fund(I4F)
What is the News? At the 8th Governing body meeting of the India-Israel Industrial R&D and Technological Innovation Fund(I4F), India and Israel approved three joint R&D projects and deliberated on widening the scope of the I4F programme. What are three joint projects approved under the I4F Programme The three projects are: ‘Centrally Monitored IoT Nanosensors… Continue reading Experts from India and Israel suggested expanding scope of India-Israel Industrial R&D & Technological Innovation Fund(I4F)
