What is the News? The Government of India has reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) under the leadership of Dr Bibek Debroy for a period of two years after its term came to an end in September 2021. What is the Economic Advisory Council to the Prime Minister(EAC-PM)? EAC-PM is a… Continue reading EAC-PM: 3 new members inducted
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.
How ONDC seeks to democratize digital commerce
Contents1 What is the News?2 What is the aim of ONDC?3 How would ONDC work?4 What issues does the ONDC seek to address? What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT) is building an Open Network for Digital Commerce(ONDC) which is designed to curb digital monopolies and standardize the on-boarding… Continue reading How ONDC seeks to democratize digital commerce
Union Minister for MSME Narayan Rane launches “SAMBHAV” National Level Awareness Programme, 2021
What is the news? “SAMBHAV”, a National Level Awareness Programme-2021, being organised by Ministry of Micro, Small & Medium Enterprises. What is SAMBHAV? SAMBHAV calls for engagement of the youth in promoting entrepreneurship, leading to the economic development of the country. The mass outreach program is a one-month long initiative under the Ministry of MSME… Continue reading Union Minister for MSME Narayan Rane launches “SAMBHAV” National Level Awareness Programme, 2021
Union Minister of Power & New and Renewable Energy launches the Green Day Ahead Market (GDAM)
Contents1 What is the News?2 What is Green Day Ahead Market(GDAM)?3 How will GDAM operate?4 What are the advantages of the Green Day Ahead Market(GDAM)? What is the News? The Union Minister of Power & New and Renewable Energy has launched the Green Day Ahead Market (GDAM). What is Green Day Ahead Market(GDAM)? GDAM is… Continue reading Union Minister of Power & New and Renewable Energy launches the Green Day Ahead Market (GDAM)
Global agricultural productivity not growing as fast as food demand: Report
Contents1 What is the News?2 Few basic Terms to Know3 What are the key findings of the GAP report?4 What are the suggestions given by the GAP report?5 What does the GAP Report say about India? What is the News? Global Agricultural Productivity Report (GAP Report) 2021 has been released by Virginia Tech’s College of… Continue reading Global agricultural productivity not growing as fast as food demand: Report
Introduce a digital currency soon, says Garg
What is the News? According to former finance secretary Subhash Chandra Garg, the Reserve Bank of India (RBI) must expedite the floating of the Central Bank Digital Currency (CBDC) or should collaborate with other nations for an international digital currency. Must read: Introducing National Digital Currency in India – Explained, Pointwise What are Former Finance… Continue reading Introduce a digital currency soon, says Garg
Govt sets up ‘war room’ on movement of fertilisers
Contents1 What is the News?2 What is the issue?3 What is the Government doing to overcome the shortage of fertilizers?4 What are a few important fertilizers used in India? What is the News? The Department of Fertilizers under the Ministry of Chemicals & Fertilizers has set up a war room on the movement of fertilizers.… Continue reading Govt sets up ‘war room’ on movement of fertilisers
Union Minister inaugurates training program on Sandalwood Farming & Management of its health
What is the News Union Minister of Rural Development & Panchayati Raj has inaugurated a training program on Sandalwood Farming & Management of its health. The program is structured around the basics & benefits of Indian sandalwood, seed handling, nursery techniques & managing the health of the plant. What is Sandalwood? Sandalwood is a class… Continue reading Union Minister inaugurates training program on Sandalwood Farming & Management of its health
Explained: Top prize for labour economics
Contents1 What is the News?2 What are Natural Experiments?3 David Card’s work on Wages & Jobs4 Angrist and Imbens work on education and pay What is the News? The Royal Swedish Academy of Sciences has awarded the Nobel Prize in Economics to three US-based economists: David Card, Joshua D. Angrist and Guido W. Imbens. The… Continue reading Explained: Top prize for labour economics
Gati Shakti master plan: DPIIT to monitor, implement infra projects
Contents1 What is the news? 2 Earlier status of PM Gati Shakti Master Plan3 Other key initiatives to the PM Gati Shakti Master Plan4 How the Gati Shakti Master Plan will be implemented? What is the news? The government has recently said that the Department for Promotion of Industry and Internal Trade (DPIIT) would become the nodal agency for… Continue reading Gati Shakti master plan: DPIIT to monitor, implement infra projects
