What is the News? The Minister of Commerce and Industry has informed Lok Sabha about the Make in India Initiative 2.0. Make in India Initiative: Launched Year: It was launched in 2014 by the Government of India. Aim: To make India a global hub for the manufacturing, research and innovation. Also, the integrations of India… Continue reading What is “Make in India Initiative 2.0”?
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.
Mega Investment Textiles Parks (MITRA) scheme for textile sector
Why in News? The Finance Minister has announced the launch of Mega Investment Textiles Parks (MITRA) Scheme. About Mega Investment Textiles Parks (MITRA) Scheme Aim: The scheme aims to enable the textile industry to become globally competitive and boost exports. The scheme also aims to boost employment generation within the textile sector and also attract… Continue reading Mega Investment Textiles Parks (MITRA) scheme for textile sector
What is “One District One Product Scheme”?
What is the News? The Ministry of Commerce and Industry has informed Lok Sabha about the One District One Product Scheme. One District One Product Scheme(ODOP): Aim: To identify one product per district based on the potential and strength of a district and national priorities. A cluster for that product will be developed in the… Continue reading What is “One District One Product Scheme”?
Initiatives to promote “Ethanol as an alternate fuel”
What is the News? Union Minister for Petroleum and Natural Gas has informed Lok Sabha about the initiatives taken to promote ethanol as an alternate fuel. Ethanol: Ethanol or ethyl alcohol is a liquid that has several uses. At 95% purity, it is called rectified spirit and is used as the intoxicating ingredient in alcoholic… Continue reading Initiatives to promote “Ethanol as an alternate fuel”
Delhi HC stays Future-Reliance deal
What is the News? Delhi High Court has provided interim relief to e-commerce major Amazon. It directed Future Retail Limited(FRL) to maintain the status quo with regard to the transfer of its retail assets to Reliance Retail. What are the issues in the Future-Reliance deal? What is the Future-Reliance deal? In 2020, Biyani’s Future Group… Continue reading Delhi HC stays Future-Reliance deal
“Reform-based and result-linked scheme” to revive discoms
Why in News? The Finance Minister proposed a plan to revive discoms. It will include a reform-based and result-linked scheme for electricity distribution companies(discoms). The Minister also announced a framework to provide electricity consumers, an option to choose from among more than one distribution company. This will end the monopoly of discoms and promote competition… Continue reading “Reform-based and result-linked scheme” to revive discoms
Government launches “Portal to collect data on gig workers”
What is the News? The Finance Minister has announced the launch of a portal to collect data on gig, building, and construction workers. About the Portal: The portal aims to collect relevant information on gig and platform workers along with building, construction and other such workers. The information collected will help in formulating health, housing,… Continue reading Government launches “Portal to collect data on gig workers”
Government announced “Single Security Market Code”
What is the news? Government has announced the setting up of a Single Security Market Code. Coverage: It will consolidate the provisions of SEBI Act,1992, Depositories Act, 1996, Securities Contracts (Regulation) Act,1956, and Government Securities Act,2007. Impact: This move will improve the ease of doing business in the country’s financial markets. Moreover, it will cut… Continue reading Government announced “Single Security Market Code”
What are the benefits of “Seaweed Farming”?
What is the news? In Budget 2021, the Finance Minister has proposed to set up a multi-purpose seaweed park in Tamil Nadu. It will be a part of the Seaweed Farming promotion in India. What is Seaweed? It is the name given to the many species of marine algae and plants. These species grow in… Continue reading What are the benefits of “Seaweed Farming”?
Govt. releases new guidelines for banks under “Foreign Contribution (Regulation) Act”
What is the News? Union Home Ministry has announced new guidelines for banks, under the Foreign Contribution (Regulation) Act. These guidelines are related to the donations received by non-governmental organizations (NGOs) and associations. What are the new FCRA guidelines? The donations received in Indian rupees by the NGOs and associations from any foreign source should… Continue reading Govt. releases new guidelines for banks under “Foreign Contribution (Regulation) Act”
