What is the news? The Government of India has released a new ‘Public Sector Enterprise Policy’. About ‘Public Sector Enterprise Policy’: The policy classifies public sector commercial enterprises into the strategic and non-strategic sector: Strategic Sector: There would be a maximum of four public sector companies in strategic sectors. State-owned firms in other segments would… Continue reading Govt releases new “Public Sector Enterprise Policy”
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.
Prime Minister launches “Mahabahu-Brahmaputra Programme” in Assam
What is the News? The Prime Minister has launched multiple initiatives in Assam. It includes the Mahabahu-Brahmaputra Programme and the 2 bridges across the Brahmaputra. Mahabahu-Brahmaputra Programme: Aim: It will provide seamless connectivity to the Eastern parts of India. It includes various development activities for the people living around River Brahmaputra and River Barak. Key… Continue reading Prime Minister launches “Mahabahu-Brahmaputra Programme” in Assam
What is the “Char Dham Project”?
What is the News? In the Supreme Court, the government denies any link between the Char Dham road-widening project and the recent flash floods in the Rishi Ganga valley. It claimed many lives and damaged the Tapovan hydro project. Char Dham Project: Char-Dham Road Project is a prestigious two-lane expressway project. The Ministry of Road… Continue reading What is the “Char Dham Project”?
Production Linked Incentive (PLI) scheme
What is the News? The Union Cabinet has approved the production-linked incentive(PLI) scheme for the telecom sector. About the production-linked incentive(PLI) scheme for the telecom Sector Aim of the scheme: It will make India a global hub for manufacturing telecom equipment. Moreover, it will create jobs and reduce imports especially from China. Focus of the… Continue reading Production Linked Incentive (PLI) scheme
Arka Vyapar App to connect farmers with market
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
“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
