News: Ministry of New and Renewable Energy (MNRE) has cautioned consumers against rooftop solar companies that are claiming to be authorised vendors for the implementation of the Grid-connected Rooftop Solar Scheme. The scheme is being implemented only by power distribution companies(DISCOMS). Facts: Grid-connected Rooftop Solar Scheme(Phase-II): The scheme aims to generate solar power by installing solar… Continue reading Grid-connected Rooftop Solar Scheme
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.
After rice, India’s wheat exports register highest ever export in six years: US Department of Agriculture.
News: US Department of Agriculture(USDA) has released its forecast of Indian wheat exports for 2020-21(July-June). USDA has estimated India’s Wheat Exports for 2020-21 (July-June) to be around 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years. Facts: India’s Wheat Exports: Source:… Continue reading After rice, India’s wheat exports register highest ever export in six years: US Department of Agriculture.
RBI constituted Jayant Kumar Dash committee to study Digital lending activities
News: Reserve Bank of India(RBI) has constituted a working group on digital lending — including online platforms and mobile apps. Facts: Objective: The working group will study digital lending activities in the regulated and unregulated financial sector so that an appropriate regulatory approach can be put in place. Composition: The working group comprises six members–four… Continue reading RBI constituted Jayant Kumar Dash committee to study Digital lending activities
BEE Launches SAATHEE Portal to Track State Energy Efficiency Targets
News: Bureau of Energy Efficiency(BEE) has launched SATHEE Portal and Standards and Labelling Programme for Air Compressors and Ultra High Definition(UHD) TV during the 30th National Energy Conservation Awards(NECA). Facts: SATHEE Portal: SAATHEE stands for State-wise Actions on Annual Targets and Headways on Energy Efficiency. Purpose: It is a Management Information System (MIS) portal which will facilitate real-time… Continue reading BEE Launches SAATHEE Portal to Track State Energy Efficiency Targets
Supreme Court stays implementation of 3 farm laws
News: The Supreme Court has stayed the implementation of Three Farm Laws until further Orders. Facts: Summary of the Supreme Court Order: Stay on Farm Laws: Implementation of three farm laws namely The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, The Essential Commodities (Amendment) Act and The Farmers (Empowerment and Protection) Agreement on Price Assurance… Continue reading Supreme Court stays implementation of 3 farm laws
National Energy Conservation awards 2020
News: Indian Railways has bagged 13 awards at the ‘National Energy Conservation awards 2020’. Facts: National Energy Conservation Awards: The awards are organised by the Bureau of Energy Efficiency (BEE), Ministry of Power. Instituted in: The awards were given for the first time on 14th December, 1991 which is celebrated as National Energy Conservation Day throughout the country. Objective: These Awards… Continue reading National Energy Conservation awards 2020
Government launches Single Window Clearance Portal of Ministry of Coal
News: Union Home Minister has launched a Single Window Clearance Portal of the Ministry of Coal. Facts: Single Window Clearance Portal: The portal aims to allow successful bidders for coal blocks to be able to obtain all required clearances, including environmental and forest clearances, from a single portal with progress monitoring, instead of having to go to… Continue reading Government launches Single Window Clearance Portal of Ministry of Coal
Rs. 1,364 crore given to wrong beneficiaries of PM-Kisan
News: According to an Right to Information (RTI) reply, Union government has paid Rs 1,364 crore to 20.48 lakh ineligible beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme till July 2020. Facts: There were two categories of undeserving beneficiaries who received PM-KISAN payouts namely the “ineligible farmers” and “income tax payee farmers”. More than… Continue reading Rs. 1,364 crore given to wrong beneficiaries of PM-Kisan
Union Minister to launch “Khadi Prakritik Paint” developed by KVIC
News: Union Minister for Road Transport & Highways will be launching an innovative new called “Khadi Prakritik Paint”. Facts: Khadi Prakritik Paint: It has been conceptualized by the Khadi and Village Industries Commission (KVIC) and later developed by Kumarappa National Handmade Paper Institute, Jaipur (a KVIC unit). Key Characteristics: It is a first-of-its-kind eco-friendly, non-toxic paint with… Continue reading Union Minister to launch “Khadi Prakritik Paint” developed by KVIC
1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report
News: National Association of Software and Services Companies (Nasscom) has released the annual start-up report ‘Indian Tech Start-up Ecosystem – On the March to Trillion Dollar Digital Economy’. Facts: Key Takeaways from the Report: Source: NASSCOM Report India has added 1,600 new tech start-ups and a record 12 unicorns in 2020 (the highest ever added in… Continue reading 1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report
