News: The Union Cabinet approves Employment-Linked Incentive scheme with an allocation of ₹99,446 crore to support employment generation. About Employment-Linked Incentive (ELI) Scheme The ELI scheme is an innovative initiative by the Indian government intended at addressing the country’s increasing employment challenges. The scheme aims to support employment generation, enhance employability and social security across… Continue reading Employment-Linked Incentive (ELI) 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.
RBI’s Financial Stability Report – June 2025
News: The Reserve Bank of India (RBI) released its June 2025 Financial Stability Report (FSR), highlighting the continued resilience of India’s financial system. About RBI’s Financial Stability Report The Financial Stability Report is released by the RBI every 6 months. It is based on the collective assessment of the Financial Stability and Developmental Council (FSDC)… Continue reading RBI’s Financial Stability Report – June 2025
Litchi Cultivation
News: India dispatches its first consignment of rose-scented litchis to Qatar. About Litchi Cultivation It is a tropical fruit popular for its sweet taste and juicy texture. Litchi requires a moist sub-tropical climate for optimal growth. The crop is highly sensitive to winter frost and cannot tolerate dry heat during summer. Temperature: The general temperature… Continue reading Litchi Cultivation
Operation Deep Manifest
News: DRI seizes 39 containers carrying 1,115 metric tonne worth of goods around ₹9 crore of Pakistan-origin under ‘Operation Deep Manifest’. About Operation Deep Manifest It is an operation targeting the illegal import of Pakistani-origin goods routed through third countries, primarily via Dubai, UAE. Launched by: Directorate of Revenue Intelligence (DRI) under the Central Board… Continue reading Operation Deep Manifest
First Maritime NBFC – Sagarmala Finance Corporation Limited
News: The Union Ministry of Ports, Shipping & Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) in the maritime sector. About India’s First Maritime NBFC – Sagarmala Finance Corporation Limited It is a Mini Ratna, Category-I, Central Public Sector Enterprise which has been formally registered as a Non-Banking Financial… Continue reading First Maritime NBFC – Sagarmala Finance Corporation Limited
RBI lowers priority sector lending target for Small Finance Banks
News: The Reserve Bank of India (RBI) has relaxed priority sector lending (PSL) norms for small finance banks (SFBs). About Priority Sector Lending (PSL) It refers to the mandatory lending targets set by the Reserve Bank of India (RBI) for banks and financial institutions to ensure that certain sectors of the economy receive adequate credit… Continue reading RBI lowers priority sector lending target for Small Finance Banks
Digital Payment Intelligence Platform (DPIP)
News: RBI ropes in banks to build Digital Payment Intelligence Platform to bolster fraud risk management by facilitating real-time intelligence sharing. About Digital Payment Intelligence Platform (DPIP) It is a forthcoming, RBI-led digital public infrastructure (DPI) designed to strengthen fraud risk management in India. Objective: The platform seeks to bolster fraud risk management by facilitating… Continue reading Digital Payment Intelligence Platform (DPIP)
India Post Payments Bank (IPPB)
News– India Post Payments Bank (IPPB) was recently honored with the Digital Payments Award 2024–25 by the Department of Financial Services (DFS) under the Ministry of Finance. About India Post Payments Bank (IPPB) IPPB is a 100% government-owned bank set up under the Department of Posts, Ministry of Communications. It was launched on September 1,… Continue reading India Post Payments Bank (IPPB)
India’s Coastline Grows by 3,500 km
News: India’s coastline is now far longer than it used to be, almost 50% more than the previous length. India’s Coastline Grows by 3,500 km Some post reassessment data: Earlier, the length of India’s coastline used to be 7,516 km. Now this coastline has been measured to be 11,098 km. The number of islands in… Continue reading India’s Coastline Grows by 3,500 km
Gender Budgeting Knowledge Hub
News: The Central government on Thursday launched the Gender Budgeting Knowledge Hub, a dedicated digital platform aimed at strengthening gender-responsive planning across India. About Gender Budgeting Knowledge Hub It is a dedicated digital platform aimed at strengthening gender-responsive planning across India. Aim: Its aim is to empower policymakers, researchers, and other stakeholders with a centralised… Continue reading Gender Budgeting Knowledge Hub
