What is the News? The Minister of Railways has informed Lok Sabha about the National Rail Plan Vision – 2030. What is the National Rail Plan Vision – 2030? Prepared by: Indian Railways Aim: To create a ‘future ready’ Railway system by 2030 Salient Features of the plan – Formulate strategies based on both operational… Continue reading National Rail Plan Vision – 2030
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.
Global Entrepreneurship Monitor(GEM)
What is the News? The Minister for Skill Development and Entrepreneurship has informed Lok Sabha about the Startup and Entrepreneurship ecosystem in India. Startup Ecosystem in India: India has become the third-largest start-up ecosystem in the world after the US and China, with over 60,000 start-ups. India created 42 Unicorns in the year 2021 alone.… Continue reading Global Entrepreneurship Monitor(GEM)
Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal
What is the News? The Union Minister of Coal has informed Rajya Sabha about the reforms undertaken in the Coal Sector. Read more: Coal crisis in India – Explained, pointwise What are the measures that have been taken by the Government to meet the coal requirement in India? Commercial Auction of coal on revenue share… Continue reading Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal
People will get land records in their own language soon, says Union Minister
What is the News? The Union Minister for Rural Development has announced that everyone will soon be able to get their land records in their own language. Department of Land Resources is planning to release multilingual software from April 2022. After that, the land records will be available in 22 languages. The Ministry also released… Continue reading People will get land records in their own language soon, says Union Minister
Ministry of Tourism has formulated a National Strategy and Roadmap for Medical and Wellness Tourism: Union Minister
What is the News? The Minister of Tourism has informed the Lok Sabha about the National Strategy and Roadmap for Medical and Wellness Tourism. What is Medical Tourism and Wellness Tourism? Medical Tourism: It may be defined as ‘activities related to travel and hosting a foreign tourist who stays at least one night at the… Continue reading Ministry of Tourism has formulated a National Strategy and Roadmap for Medical and Wellness Tourism: Union Minister
Project to link Tapi, Par, Narmada: Tribals in South Gujarat protest river-linking plan
What is the News? Tribals in Gujarat have intensified their protest against the Par-Tapi-Narmada river linking project after it was mentioned in the budget speech (2022-23) of the Finance Minister. What is the Par-Tapi-Narmada River Linking Project? Par-Tapi-Narmada Link proposes to transfer water from the water-surplus regions of Western Ghats to the water-deficit regions of… Continue reading Project to link Tapi, Par, Narmada: Tribals in South Gujarat protest river-linking plan
RBI launches UPI123Pay that allows UPI payments on feature phones
What is the News? Reserve Bank of India has launched new UPI service for feature phones called UPI123Pay. It has also launched a 24×7 helpline for digital payments called ‘Digisaathi’. What is UPI123Pay? UPI 123PAY is a three-step offline method to initiate and execute transactions that will work on simple feature phones. It will allow… Continue reading RBI launches UPI123Pay that allows UPI payments on feature phones
Ministry of Tourism invites final comments on draft report for setting up National Digital Tourism Mission
What is the News? The Ministry of Tourism has released a draft report on the proposed National Digital Tourism Mission. About India’s Tourism Sector Contribution to GDP: Direct and indirect contribution of tourism to GDP is approximately 5% in 2018-19. International Tourist Arrivals (ITAs): With 17.9 million ITAs in 2019, India is at 23rd position… Continue reading Ministry of Tourism invites final comments on draft report for setting up National Digital Tourism Mission
Explained: The implication of domestic investors being allowed to trade in top US stocks
What is the News? Investors in India have been allowed to trade in select US stocks through the NSE International Exchange (NSE IFSC). Note: Currently, Indian investors buy US stocks through designated online brokers who have permission from Indian and US regulators to offer such services. What does this mean? Domestic investors can purchase US… Continue reading Explained: The implication of domestic investors being allowed to trade in top US stocks
Cabinet approves setting up of National Land Monetization Corporation as a Special Purpose Vehicle (SPV) for undertaking surplus land monetization
What is the News? The Union Cabinet has approved the setting up of the National Land Monetization Corporation (NLMC). The setting up of NLMC is in pursuance of the Budget Announcement for 2021-22. What is National Land Monetization Corporation(NLMC)? NLMC will be a wholly-owned Government of India company with an initial authorized share capital of… Continue reading Cabinet approves setting up of National Land Monetization Corporation as a Special Purpose Vehicle (SPV) for undertaking surplus land monetization
