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 was resumed by rebooting a long-forgotten rail link between Kolkata and the industrial hub of Khulna, the third-largest city… Continue reading Explained: How India, Bangladesh are rebooting their rail link
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 story behind the GDP-GVA Gap
What is the News? According to the data released by the government, the two measures of India’s economy— ‘gross value added’ and ‘gross domestic product’—have grown at widely different paces. What is the difference between GVA & GDP? GDP calculates national income by adding up all expenditures in the economy. On the other hand, GVA… 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?
Ministry of Science and Technology inaugurates India’s ‘First Lavender Festival’ in Bhaderwah
What is the News? Union Minister has inaugurated India’s ‘First Lavender Festival’ in Bhaderwah and termed Bhaderwah as the birthplace of India’s Purple Revolution. Note: India’s first National Institute of High Altitude Medicine is also being built in Bhaderwah. What is Lavender? Lavandula (common name lavender) is a genus of 47 known species of flowering… Continue reading Ministry of Science and Technology inaugurates India’s ‘First Lavender Festival’ in Bhaderwah
Annual Survey of Industries (ASI): Year before Covid: Jobs in corporate sector, LLPs grew, proprietorships fell
What is the News? Ministry of Statistics and Programme Implementation has released the provisional results of the Annual Survey of Industries (ASI). What is the Annual Survey of Industries (ASI)? It is the principal source of industrial statistics in India and the most comprehensive data on organised manufacturing. It covers all factories employing 10 or… Continue reading Annual Survey of Industries (ASI): Year before Covid: Jobs in corporate sector, LLPs grew, proprietorships fell
Government of India has set a target to achieve 100 Million Tonnes Coal Gasification by 2030: Additional Secretary, Coal Ministry
What is the News? Recently, the Ministry of Coal has organized the National Mineral Congress. The Ministry has also prepared a National Mission document to achieve 100 MT Coal Gasification by 2030. What is Coal Gasification? Coal gasification is a process in which coal is partially oxidised with air, oxygen, steam or carbon dioxide to… Continue reading Government of India has set a target to achieve 100 Million Tonnes Coal Gasification by 2030: Additional Secretary, Coal Ministry
India to get semi-high speed freight train
What is the News? The Railways is aiming to introduce the country’s first semi-high speed freight train named the ‘Gati Shakti’ train by December 2022. What is the ‘Gati Shakti’ train? The train is based on the Vande Bharat platform. The train has 16-coach and will be able to run at 160 km/hour. Initially, two… Continue reading India to get semi-high speed freight train
Front running: Sebi likely to soon initiate stringent action
What is the News? Recently, there was a case of mutual fund irregularities, including front-running the AMC’s transactions. The Securities and Exchange Board of India (Sebi) is expected to take harsh action, which might include action against top fund house employees. What is Front running? Front-running is a dubious market practice in which a dealer,… Continue reading Front running: Sebi likely to soon initiate stringent action
World lost 11.2 crore jobs in the first quarter of 2022: ILO
What is the News? The “world of work” report has been released by International Labour Organisation. What are the key findings of the “world of work” report? Working hours: After significant gains during the last quarter of 2021, the number of hours worked globally dropped in the first quarter of 2022, to 3.8% below the… Continue reading World lost 11.2 crore jobs in the first quarter of 2022: ILO
