What is the News? The Centre has relaxed the Fair and Average Quality(FAQ) norms for wheat in the ongoing rabi marketing season in Punjab, Haryana, and Chandigarh raising the permissible limit of “shriveled and broken grains” to 18% from the existing 6%. Procurement Process of Wheat Every year, before procurement begins in April, the Storage… Continue reading Explained: What is fair and average quality wheat, the norms for which have been relaxed by the government?
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.
The repo rate in India
Contents1 What is the News?2 What is Repo Rate?3 What is the importance of Repo Rate?4 How does Repo Rate function as a monetary tool?5 What impact does Repo Rate have on inflation? What is the News? Reserve Bank of India has announced that the RBI’s Monetary Policy Committee(MPC) had held an ‘off-cycle’ meeting at… Continue reading The repo rate in India
Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel
Contents1 What is the News?2 What is Dollarisation?3 How crypto would lead to the dollarisation of part of the economy?4 What are the other concerns highlighted by RBI on crypto?5 What are the steps taken by the Government of India to regulate Crypto? What is the News? Officials from the Reserve Bank of India told… Continue reading Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel
Cruise Tourism in India has potential to grow 10 fold says Shipping Minister
Contents1 What is the News?2 What is Cruise Tourism?3 Cruise Tourism Business in India4 What steps has the Government of India taken to promote Cruise Tourism? What is the News? The Union Minister for Ports, Shipping and Waterways has said that the Indian cruise market has the potential to grow 10-fold over the next decade.… Continue reading Cruise Tourism in India has potential to grow 10 fold says Shipping Minister
Centre relaxes procurement norms for shrivelled, broken wheat grains
What is the News? The Government of India has announced relaxations for the procurement of shrunken and shrivelled grains in Punjab and Haryana. What is the issue? Due to extreme heatwaves in the northern part of the country in March, the grain quality suffers so much that the percentage of shrivelled (to become smaller, especially… Continue reading Centre relaxes procurement norms for shrivelled, broken wheat grains
India plans dam project as China seeks to divert river
What is the News? India plans to construct the country’s second-largest dam at Yingkiong in Arunachal Pradesh to counter China’s ambitious water diversion scheme of the Brahmaputra River. What are China’s plans for the Brahmaputra River? China’s 14th five-year plan has proposed building a massive dam over the Brahmaputra river, known in China as the… Continue reading India plans dam project as China seeks to divert river
Punjab promoting green manure big time: what are the benefits, productivity
Contents1 What is the News?2 What is Green Manure?3 What are the benefits of Green Manure?4 Why is Green Manure important for Punjab? What is the News? Punjab Government is promoting the cultivation of green manure these days. It is providing a subsidy on the seed at the rate of Rs 2,000 per quintal. What… Continue reading Punjab promoting green manure big time: what are the benefits, productivity
Wheat exports: India to send delegations to 9 countries
Contents1 What is the News?2 Why is India targeting to boost Wheat Exports?3 What are the steps taken by the Government of India to boost Wheat Exports?4 What are the outcomes of these steps? What is the News? India has set a target of a record 10 million tonnes of wheat export in 2022-23 amid… Continue reading Wheat exports: India to send delegations to 9 countries
Andaman and Nicobar islands to get gas plant
What is the News? The Ministry of Environment, Forests and Climate Change has approved gas-powered plants to be set up in Andaman and Nicobar Islands. Background In 2019, the Government of India notified the Island Coastal Zone Regulation(ICRZ). It declared certain coastal stretches as ‘Coastal Regulation Zone’ and imposed restrictions on setting up and expanding… Continue reading Andaman and Nicobar islands to get gas plant
Coir is the best example of ‘Waste to Wealth’, says Union Minister for MSME
Contents1 What is the News?2 What is Coir?3 Coir Board4 Largest Producer of Coir5 Significance of Coir Industry in India What is the News? The Ministry of Micro, Small and Medium Enterprises(MSME) inaugurated the ‘Enterprise India National Coir Conclave 2022’ at Coimbatore, Tamil Nadu. What is Coir? Coir is a versatile natural fibre extracted from… Continue reading Coir is the best example of ‘Waste to Wealth’, says Union Minister for MSME
