What is the News? Indian Institute of Horticultural Research(IIHR) has launched an app called Arka Vyapar App. About Arka Vyapar App: The app aims to connect farmers with traders. It will help farmers get the best available prices for their products. How the app would work? The app would have details of farmers and traders… Continue reading Arka Vyapar App to connect farmers with market
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.
“Samarth Scheme” for Capacity Building in Textile Sector
What is the News? The Ministry of Textiles has informed Rajya Sabha about the Samarth Scheme. Samarth Scheme: It was launched by the Ministry of Textiles. Aim: It will address the skill gap in the textile sector. It will supplement the efforts of the textile industry in providing gainful and sustainable employment to the youth.… Continue reading “Samarth Scheme” for Capacity Building in Textile Sector
TIFAC launches SAKSHAM Portal and Seaweed Mission
What is the news? Technology Information, Forecasting and Assessment Council (TIFAC) celebrated its 34th Foundation Day. The theme of the Foundation day was: “Technology, Innovation and Economy for Atma Nirbhar Bharat”. About TIFAC: It is an autonomous technology think tank under the Department of Science & Technology (DST), Ministry of Science and Technology. It was… Continue reading TIFAC launches SAKSHAM Portal and Seaweed Mission
Bengaluru scientists develop “Arka Shubha variety of Marigold”
What is the News? Indian Institute of Horticultural Research(IIHR) has come out with a new variety of Marigold flower called “Arka Shubha variety of Marigold”. Marigold Flower: It is mostly herbaceous plants belonging to the sunflower family Asteraceae. The flowers are native to the Americas, growing naturally from the southwestern United States into South America.… Continue reading Bengaluru scientists develop “Arka Shubha variety of Marigold”
NITI Aayog study to track “Economic Impact of Green Verdicts”
What is the News? NITI Aayog has commissioned a study to examine the unintended economic consequences of judicial decisions that have hindered and stalled projects on environmental grounds. About the study Responsible body: The study is to be undertaken by Jaipur-headquartered CUTS (Consumer Unity and Trust Society) Centre for Competition, Investment, and Economic Regulation. It… Continue reading NITI Aayog study to track “Economic Impact of Green Verdicts”
Budget proposes tax on EPF interest
What is the News? The government has proposed to make the interest earned on EPF contributions beyond ₹2.5 lakh Taxable. Why has this proposal been made? The government has found instances where High Net Worth Individuals(HNIs) are contributing huge amounts to EPF. They are getting the benefit of tax exemption at all stages — contribution,… Continue reading Budget proposes tax on EPF interest
What is “Make in India Initiative 2.0”?
What is the News? The Minister of Commerce and Industry has informed Lok Sabha about the Make in India Initiative 2.0. Make in India Initiative: Launched Year: It was launched in 2014 by the Government of India. Aim: To make India a global hub for the manufacturing, research and innovation. Also, the integrations of India… Continue reading What is “Make in India Initiative 2.0”?
Mega Investment Textiles Parks (MITRA) scheme for textile sector
Why in News? The Finance Minister has announced the launch of Mega Investment Textiles Parks (MITRA) Scheme. About Mega Investment Textiles Parks (MITRA) Scheme Aim: The scheme aims to enable the textile industry to become globally competitive and boost exports. The scheme also aims to boost employment generation within the textile sector and also attract… Continue reading Mega Investment Textiles Parks (MITRA) scheme for textile sector
What is “One District One Product Scheme”?
What is the News? The Ministry of Commerce and Industry has informed Lok Sabha about the One District One Product Scheme. One District One Product Scheme(ODOP): Aim: To identify one product per district based on the potential and strength of a district and national priorities. A cluster for that product will be developed in the… Continue reading What is “One District One Product Scheme”?
Initiatives to promote “Ethanol as an alternate fuel”
What is the News? Union Minister for Petroleum and Natural Gas has informed Lok Sabha about the initiatives taken to promote ethanol as an alternate fuel. Ethanol: Ethanol or ethyl alcohol is a liquid that has several uses. At 95% purity, it is called rectified spirit and is used as the intoxicating ingredient in alcoholic… Continue reading Initiatives to promote “Ethanol as an alternate fuel”
