Contents1 What is the news? 2 What is river ranching?3 What is the river ranching programme?4 What is the need of this program? 5 What are the potential benefits of the program? What is the news? The Union Minister for Fisheries, Animal Husbandry & Dairying has launched a national level River Ranching program in UP. At the same time, other 4 states… Continue reading Union Minister for Fisheries, Animal Husbandry & Dairying, launches a nationwide River Ranching Programme
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.
Launch of I-Sprint’21: IFSCA’s Global FinTech Hackathon Series Sprint01: BankTech
Contents1 What is the news? 2 What is Sprint01: BankTech hackathon?3 What are the Major rewards and recognition proposed under Sprint01: BankTech? 4 What is “Regulatory Sandbox”? What is the news? I-Sprint21, the global FinTech Hackathon Series of IFSCA was launched recently, where the first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector. Sprint 01: BankTech is hosted jointly by IFSCA and GIFT… Continue reading Launch of I-Sprint’21: IFSCA’s Global FinTech Hackathon Series Sprint01: BankTech
How seven mega textile parks will help the industry
What is the news? The government recently cleared the PM MITRA scheme to set up seven mega textile parks over five years. Read more: Government has approved setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) Parks What does the scheme mean for the Textile industry? Help to address the bottlenecks: The… Continue reading How seven mega textile parks will help the industry
Government allows 100% FDI in telecom sector
What is the news? The Department for Promotion of Industry and Internal Trade (DPIIT) has recently allowed 100 % FDI across all kinds of telecom services and infrastructure providers. Earlier status of Telecom sector Earlier 100 % of FDI was allowed, of which 49 % of investment was permitted through automatic route. About the recent… Continue reading Government allows 100% FDI in telecom sector
41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report
Contents1 What is the news? 2 What are the key findings of the IPRS 2.0 Report? 3 What is the significance of the IPRS 2.0 Report? 4 What is the Industrial Park Rating System (IRPS) exercise? What is the news? The 2nd edition of the Industrial Park Rating System (IPRS) Report was launched by the Department for Promotion of… Continue reading 41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report
Srei’s fall and the sorrysaga of shadow lenders
What is the news? After the 2018 collapse of IL&FS and 2019 collapse of DHFL, the Reserve Bank of India (RBI) has added the Kolkata-based Srei Group to the country’s list of failed non-bank lenders. The regulator superseded the boards of two non-banking financial companies (NBFCs), Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd.… Continue reading Srei’s fall and the sorrysaga of shadow lenders
Centre rolls out new survey to map job creation in the informal sector
What is the news? The Union government has rolled out a nationwide survey, the Area Frame Establishment Survey (AFES), to map employment generation in the unorganized sector and establishments deploying less than 10 workers. About Area Frame Establishment Survey – The informal sector survey has also been designed by veteran labour economist and statistician S.P. Mukherjee.… Continue reading Centre rolls out new survey to map job creation in the informal sector
The aftermath of delayed central infra projects
Contents1 What is the news?2 Why are the projects delayed?3 What needs to be done?4 What is the way forward? What is the news? According to the Ministry of Statistics and Programme Implementation (MoSPI) – As many as 470 central sector projects have witnessed a combined cost overrun of ₹4.37 trillion. – 560 projects have… Continue reading The aftermath of delayed central infra projects
Government approves continuation of the National Export Insurance Account (NEIA) scheme and infusion of Rs. 1,650 crore Grant-in-Aid over 5 years
What is the News? The Union Government has approved the contribution of Grant-in-aid (Corpus) of ₹1,650 Crore to the National Export Insurance Account (NEIA) over a period of five years, i.e. from FY 2021-2022 to FY 2025-2026. What is the National Export Insurance Account(NEIA)? National Export Insurance Account (NEIA) Trust was set up in 2006.… Continue reading Government approves continuation of the National Export Insurance Account (NEIA) scheme and infusion of Rs. 1,650 crore Grant-in-Aid over 5 years
No Amarnath Yatra but highway construction work keeps Sonamarg abuzz
What is the News? The government is planning to complete the massive Zojila tunnel before Republic Day 2024. About Zojila Tunnel Zojila Tunnel is a 14.15 km long road tunnel under Zoji La pass. Once completed, it will be India’s longest road tunnel and Asia’s longest bidirectional tunnel. This tunnel along with a 6.5 km… Continue reading No Amarnath Yatra but highway construction work keeps Sonamarg abuzz
