Contents1 What is the News?2 What are Green Jobs?3 Initiatives to Promote Green Jobs3.1 Green Jobs Initiative 3.2 Skill Council for Green Jobs What is the News? At an event to mark World Environment Day, the Prime Minister spoke about India’s consistent efforts to combat climate change. He also mentioned India’s efforts to create ‘green jobs’.… Continue reading What are ‘green jobs’, mentioned by the PM in his Environment Day speech?
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.
Union Finance Minister launches Single Nodal Agency(SNA) Dashboard as a part of the Azadi ka Amrit Mahotsav (AKAM) celebration
What is the News? The Union Minister for Finance has launched the Single Nodal Agency(SNA) Dashboard of PFMS (Public Financial Management System). What is SNA Dashboard? SNA Dashboard is a major reform initiated in 2021. Purpose: It is a system with regards to the manner in which funds for Centrally Sponsored Schemes (CSS) are released,… Continue reading Union Finance Minister launches Single Nodal Agency(SNA) Dashboard as a part of the Azadi ka Amrit Mahotsav (AKAM) celebration
Explained: How ‘Use and File’ system will bring new health insurance products faster
Contents1 What is the News?2 What is the Current System?3 What is the “Use and File” procedure?4 How will this be beneficial?5 What if the IRDAI raises concerns over such a product later?6 What is the status of the health insurance business in India? What is the News? The Insurance Regulatory and Development Authority of… Continue reading Explained: How ‘Use and File’ system will bring new health insurance products faster
In a first, IIM-Ahmedabad brings out agriculture land price index
What is the News? IIM-Ahmedabad(IIM-A) has joined hands with SFarms India (an e-marketplace for agricultural land) to launch a farm land price index called IIM-Ahmedabad SFarmsIndia Land Price Index (ISALPI). What is IIM-Ahmedabad SFarmsIndia Land Price Index (ISALPI)? Launched by: IM-Ahmedabad(IIM-A) and SFarms India (an e-marketplace for agricultural land). Purpose: The index has been designed… Continue reading In a first, IIM-Ahmedabad brings out agriculture land price index
India to oppose continuation of moratorium on customs duties on e-com trade at WTO meet
Contents1 What is the News?2 What is the E-transmission Moratorium? 3 What will be India’s stand on E-transmission Moratorium?4 Why is India opposing the extension of the E-transmission Moratorium? What is the News? India will strongly oppose the continuation of the moratorium on customs duties on e-commerce trade at the World Trade Organization(WTO)’s 12th Ministerial Conference… Continue reading India to oppose continuation of moratorium on customs duties on e-com trade at WTO meet
Cabinet approves Expanding the mandate of Government e Marketplace – Special Purpose Vehicle (GeM – SPV) to allow procurement by Cooperatives as Buyers
Contents1 What is the News?2 What is the Government e-Marketplace(GeM)?3 What is the recent decision taken by the Government? 4 What is the significance of this decision? What is the News? The Union Cabinet has given its approval for expanding the mandate of Government e-Marketplace(GeM) to allow procurement by Cooperatives as buyers on GeM. What is… Continue reading Cabinet approves Expanding the mandate of Government e Marketplace – Special Purpose Vehicle (GeM – SPV) to allow procurement by Cooperatives as Buyers
Explained: How India, Bangladesh are rebooting their rail link
Contents1 What is the News?2 What are the rail links launched between India and Bangladesh?2.1 Passenger Trains2.2 Freight Trains What is the News? India and Bangladesh are rebooting their rail links by launching several rail services between the two countries. What are the rail links launched between India and Bangladesh? Passenger Trains Bandhan Express: It… Continue reading Explained: How India, Bangladesh are rebooting their rail link
The story behind the GDP-GVA Gap
Contents1 What is the News?2 What is the difference between GVA & GDP?3 What explains the gap between GDP & GVA?4 Was the GDP & GVA gap there before FY21?5 Will the GDP-GVA divergence continue? What is the News? According to the data released by the government, the two measures of India’s economy— ‘gross value… Continue reading The story behind the GDP-GVA Gap
Explained: What is liquid nano urea, produced by IFFCO, which can potentially revolutionize the use of nitrogen fertilizers in India?
What is the News? The Prime Minister has officially inaugurated the country’s first liquid nano urea plant at Kalol, Gujarat. What is Liquid Nano Urea? It is essentially urea in the form of a nanoparticle. Urea is chemical nitrogen fertilizer, white in colour which artificially provides nitrogen, a major nutrient required by plants. Purpose: It… Continue reading Explained: What is liquid nano urea, produced by IFFCO, which can potentially revolutionize the use of nitrogen fertilizers in India?
Explained: What is a unicorn, and what does it take to become one?
What is the News? The Prime Minister has praised India’s startup ecosystem as he highlighted that the country has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. What is a Unicorn? Unicorns are privately held, venture-capital-backed startups that have reached a value of $1 billion. The valuation of… Continue reading Explained: What is a unicorn, and what does it take to become one?
