Why in News? A new policy has been approved for Jammu and Kashmir. The policy focus on the allotment of land to industrial entrepreneurs. What are the objectives of the policy? To address various land-related issues that are creating hurdles in the industrial development of Jammu and Kashmir. It will be done by a framework… Continue reading New land allotment policy of Jammu and Kashmir (J&K)
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.
Green bonds
Why in News? According to the Reserve Bank of India(RBI), the cost of issuing green bonds in India has generally remained higher compared to other bonds. It is largely due to asymmetric information. About Green Bonds: It is a debt instrument just like any other normal bond, issued by an issuer for raising funds. The only difference is that these instruments are designed… Continue reading Green bonds
Dragon fruit to be renamed as ‘kamalam’
Why in News? Gujarat government has applied for a patent to change the nomenclature of dragon fruit to ‘Kamalam’.The word ‘Kamalam’ is a Sanskrit word and the shape of the dragon fruit resembles the lotus flower. Facts: Dragon Fruit: It is the fruit of a species of wild cactus indigenous to South and Central America,… Continue reading Dragon fruit to be renamed as ‘kamalam’
National Startup Advisory Council
Why in News? The Government of India has nominated 28 non-official members on the National Startup Advisory Council. About National Startup Advisory Council: National Startup Advisory Council: It was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) in January, 2020. Objective: This is to advise the Government on measures needed to build a strong startup ecosystem. The… Continue reading National Startup Advisory Council
Too Big To Fail: Domestic Systemically Important Banks (D-SIBs)
Why in News? Reserve Bank of India(RBI) has retained SBI, ICICI and HDFC Bank in Domestic Systemically Important Banks (D-SIBs) list or banks that are considered as “Too Big To Fail”. Facts: Domestic Systemically Important Banks(D-SIBs): D-SIBs are banks that are Too Big To Fail(TBTF). According to RBI, banks become D-SIBs due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks, whose assets exceed 2% of GDP are considered part of this group. Significance of… Continue reading Too Big To Fail: Domestic Systemically Important Banks (D-SIBs)
‘MICE’ tourism policy of Gujarat
Why in News: Gujarat CM has announced the tourism policy for 2021-25. It seeks to make Gujarat a hub of “MICE” tourism. What is MICE Tourism? The “MICE” is an acronym that stands for “Meetings, Incentives, Conferences and Exhibitions”. It is a version of business tourism that draws domestic and international business tourists to a destination. What are the salient features of MICE tourism policy? International Events: Policy… Continue reading ‘MICE’ tourism policy of Gujarat
Startup India Seed Fund
Why in News? Rs 1,000-crore ‘Startup India Seed Fund’ was launched during the ‘Prarambh: Startup India International Summit’. Salient features of Startup India Seed Fund Scheme: Objective: Fund has been set up to provide initial capital to the startups. After that start-ups will be provided with the Govt. Guarantees, to help them raise debt capital. Coverage: The fund would offer financial assistance to startups for… Continue reading Startup India Seed Fund
INSPIRE Faculty produced heat-tolerant wheat varieties resulting in improved grain yield
News: Researchers of the INSPIRE Faculty under the Department of Science and Technology(DST) are studying to develop a variety of wheat that does not lose its productivity under heat stress. Facts: Wheat and Heat Stress: Wheat is affected severely by Heat stress as it causes a dramatic reduction in yield as well as quality of… Continue reading INSPIRE Faculty produced heat-tolerant wheat varieties resulting in improved grain yield
Trade with China shrank in 2020, deficit at five-year low
News: According to the data from China’s General Administration of Customs (GAC), India’s trade with China declined in 2020 to the lowest level since 2017, with the trade deficit narrowing to a five-year low as India imported far fewer goods from China. Facts: Source: The Hindu Data Related to Trade between India and China: Bilateral Trade: The… Continue reading Trade with China shrank in 2020, deficit at five-year low
Union Minister inaugurates the ‘Prarambh: Startup India International Summit’
News: Union Minister of Commerce has inaugurated the ‘Prarambh: Startup India International Summit’. Facts: Prarambh: Startup India International Summit: The summit has been organized by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. The summit is organized as a follow-up to the announcement made by the Indian Prime Minister at the… Continue reading Union Minister inaugurates the ‘Prarambh: Startup India International Summit’
