What is the News? The government has said that a small-scale implementation of the Open Network for Digital Commerce(ONDC) will be rolled out across two cities to see how the technology-enabled infrastructure works before it is officially launched. What is ONDC? ONDC is basically a Unified Payments Interface(UPI) equivalent but for the e-commerce space. It… Continue reading ONDC: Govt’s e-comm net in talks with companies
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.
Startup India Innovation Week: Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022
What is the News? Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week. Read more: “Startup India Seed Fund Scheme” launched What is Startup India Innovation Week? Aim: To commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and to showcase the spread and depth… Continue reading Startup India Innovation Week: Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022
Cabinet approves Intra-State Transmission System – Green Energy Corridor Phase-II
What is the News? The Cabinet Committee on Economic Affairs has approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS). What is the Green Energy Corridor Project for Intra-State Transmission System (InSTS)? The Green Energy Corridor(GEC) Project aims at synchronizing electricity produced from renewable sources such as solar and wind… Continue reading Cabinet approves Intra-State Transmission System – Green Energy Corridor Phase-II
Automatic Generation Control(AGC): Union Minister of Power and NRE dedicates Automatic Generation Control to the nation
What is the News? The Union Minister of Power and New & Renewable Energy has launched the Automatic Generation Control(AGC). What is the need for Automatic Generation Control(AGC)? Renewable energy (RE) generation in India has been on a steady rise. However, the fluctuating nature of energy from renewables requires power balancing in real-time to keep… Continue reading Automatic Generation Control(AGC): Union Minister of Power and NRE dedicates Automatic Generation Control to the nation
Understanding IC15, India’s first crypto index
What is the news? Superapp CryptoWire recently launched India’s first cryptocurrency index, IC15. It will measure the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization. Aim: a) To increase awareness and knowledge of the cryptocurrency and blockchain ecosystem, and b) To help investors understand how virtual coin… Continue reading Understanding IC15, India’s first crypto index
AT1 Bonds: Did RBI Change its mind on YES Banks AT1 Bonds?
What is the News? In March 2020, news emerged that the Reserve Bank of India’s(RBI) reconstruction plan for Yes Bank would involve the write-off of Rs 9,000 crore worth of AT-1 bonds. This decision is being contested in courts by the bondholders and mutual funds that have taken the AT-1 bonds. Read more: Green bonds… Continue reading AT1 Bonds: Did RBI Change its mind on YES Banks AT1 Bonds?
Natural farming: ICAR to research on, demonstrate and promote natural farming
What is the News? Indian Council of Agriculture Research (ICAR) has issued a notification to all ICAR institutes and vice-chancellors of agriculture universities to take initiatives for the promotion of natural farming in India. Must Read: What is Natural Farming? What are the steps taken by ICAR to promote Natural Farming? ICAR will develop a… Continue reading Natural farming: ICAR to research on, demonstrate and promote natural farming
Bangladesh may become India’s fourth largest export destination in FY22
What is the News? Bangladesh may become India’s fourth-largest export destination in the Financial year 2021-22. India’s Exports to Bangladesh During April-October 2021, India’s exports to Bangladesh grew 81% over the same period last year. This makes Bangladesh India’s fourth-largest export market behind the US, UAE and China. The major items exported to Bangladesh by… Continue reading Bangladesh may become India’s fourth largest export destination in FY22
Govt likely to dilute draft e-commerce norms as consultation ends
What is the News? The Government of India may soon dilute some of the clauses of the Draft E-Commerce Rules as the Ministry has completed consultation with e-commerce companies, industry associations and other relevant stakeholders. What are the contentious Draft E-Commerce Rules that have been objected by the industry? Contentious E-Commerce Rules Objections to these… Continue reading Govt likely to dilute draft e-commerce norms as consultation ends
Deendayal Antyodaya Yojana-National Rural Livelihoods Mission Overdraft facility for women SHG members launched
What is the News? The Ministry of Rural Development has launched an overdraft facility to women Self Help Groups (SHGs) under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM). Under this, an overdraft facility of Rs 5,000 will be available to verified SHG members under DAY – NRLM having accounts under the Prime Minister… Continue reading Deendayal Antyodaya Yojana-National Rural Livelihoods Mission Overdraft facility for women SHG members launched
