What is the News? Governments of Delhi, Haryana, Rajasthan and Uttar Pradesh of National Capital Region (NCR) have signed a Combined Reciprocal Common Transport Agreements (CRCTA) covering both Contract Carriage & Stage Carriage. Note: National Capital Region (NCR) is a planning region centred upon the National Capital Territory (NCT) of Delhi. It encompasses Delhi and… Continue reading Governments of Delhi, Haryana, Rajasthan and Uttar Pradesh of NCR sign Combined Reciprocal Common Transport Agreement
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.
Sagarmala – Seven years of Spectacular Success
What is the News? The Ministry of Ports, Shipping and Waterways has organized an event to commemorate the successful seven years of the Sagarmala program. What is the Sagarmala Programme? Launched in: 2015 by the Ministry of Ports, Shipping and Waterways Aim: To promote port-led development in the country through harnessing India’s 7,500 km long… Continue reading Sagarmala – Seven years of Spectacular Success
NITI Aayog Releases Second Edition of Export Preparedness Index 2021
What is the News? NITI Aayog has released the Export Preparedness Index (EPI) 2021. What is the Export Preparedness Index (EPI) 2021? Released by: NITI Aayog in partnership with the Institute of Competitiveness Aim: To examine export readiness and export performance of the Indian States and Union Territories. Objective: To instil competition among all Indian… Continue reading NITI Aayog Releases Second Edition of Export Preparedness Index 2021
Wings India 2022, Asia’s largest event on Civil Aviation, got underway today at Begumpet Airport, Hyderabad
What is the News? Wings India 2022 has started at Begumpet Airport, Hyderabad. What is Wings India 2022? Organized by: Ministry of Civil Aviation(MoCA) and Federation of Indian Chambers of Commerce and Industry(FICCI) Purpose: It is Asia’s largest event on Civil Aviation. It is held biennially (once every two years). The theme for 2022: ‘India@75:… Continue reading Wings India 2022, Asia’s largest event on Civil Aviation, got underway today at Begumpet Airport, Hyderabad
Bhoomi Rashi Portal
What is the News? The Union Minister for Road Transport and Highways has informed Lok Sabha about the Bhoomi Rashi Portal. What is Bhoomi Rashi Portal? Launched by: Ministry of Road Transport & Highways in 2018. Aim: To digitize the land acquisition process for National Highway (NH) projects. The portal is also integrated with the… Continue reading Bhoomi Rashi Portal
National Bank for Financial Infrastructure and Development: Govt sets Rs 1-trillion infrastructure lending target for DFI
What is the News? Government has set a target of about Rs 1 trillion for the National Bank for Financial Infrastructure and Development(NaBFID) for sanctioning loans to the infrastructure sector in the next financial year. What is NaBFID? NaBFID has been set up as a Development Financial Institution(DFI) to support the development of long-term infrastructure… Continue reading National Bank for Financial Infrastructure and Development: Govt sets Rs 1-trillion infrastructure lending target for DFI
India achieves $400 billion merchandise exports well before target date: Commerce Minister
What is the News? India’s Annual Merchandise(Goods) Exports have crossed the $400-billion mark for the first time ever. This is 37% higher than the previous financial year, when India exported goods worth $291 billion. During the same time period, imports grew 51% on year to $589 billion, resulting in a trade deficit of $189 billion.… Continue reading India achieves $400 billion merchandise exports well before target date: Commerce Minister
Cabinet approves extension of applicability of New Investment Policy-2012 for three units of Hindustan Urvarak and Rasayan Limited
What is the News? Cabinet Committee on Economic Affairs has approved the proposal of the Department of Fertilizers for extension of the applicability of New Investment Policy (NIP)-2012 for the three units of Hindustan Urvarak & Rasayan Limited (HURL) viz. Gorakhpur, Sindri and Barauni. What is New Investment Policy (NIP)-2012? New Investment Policy(NIP)-2012 was announced… Continue reading Cabinet approves extension of applicability of New Investment Policy-2012 for three units of Hindustan Urvarak and Rasayan Limited
The National Land Monetisation Corporation
What is the News? The Union Cabinet has approved the creation of the National Land Monetisation Corporation (NLMC), the Special Purpose Vehicle(SPV) that the Finance Minister had announced in the Union Budget 2021-22. What is Monetisation? When the government monetises its assets, it essentially means that it is transferring the revenue rights of the asset… Continue reading The National Land Monetisation Corporation
How PLIs can help India leapfrog to green mobility
What is the News? A transition to green vehicles with lower and, ultimately, zero carbon emissions has presented an opportunity for India’s auto sector to develop capabilities in these new technologies. For this, Production-linked Incentive (PLI) schemes can play a role. What are Productive Linked Incentive(PLI) Schemes? PLI Schemes are a cornerstone of the Government’s… Continue reading How PLIs can help India leapfrog to green mobility
