What is the News? The Ministry of Statistics and Programme Implementation (MOSPI) has released a report that shows the cost overruns and time overruns for various projects. What are cost and time overrun? Cost overrun: It is an unexpected change in the project budget that ends up increasing the total project cost. Time overrun: It… Continue reading Statsguru: Six charts show India’s infrastructure projects in a slow lane
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.
GoI constitutes 20-member Empowered Group of Secretaries to monitor development and implementation of the PM Gati Shakti NMP
What is the News? The Government has constituted a 20-member Empowered Group of Secretaries to monitor the development and implementation of the PM Gati Shakti National Master Plan (NMP). Click Here to read about PM Gati Shakti About the Empowered Group of Secretaries(EGoS) Chaired by: It is a 20 member body chaired by the Cabinet Secretary. Members:… Continue reading GoI constitutes 20-member Empowered Group of Secretaries to monitor development and implementation of the PM Gati Shakti NMP
‘Informal sector shrank sharply in 2020-21’
What is the News? State Bank of India’s(SBI) economic research department has released the Ecowrap Report. What are the key findings of the Ecowrap Report? Formalisation of Economy India’s informal economy has reduced by around 15-20% of the formal GDP in 2020-21, compared to 52% in 2017-18. This signals a greater shift towards the formalisation… Continue reading ‘Informal sector shrank sharply in 2020-21’
Union Health Minister launches the Sixth Edition of National Formulary of India (NFI)
What is the News? The Union Minister for Health and Family Welfare has launched the Sixth Edition of the National Formulary of India (NFI). About National Formulary of India(NFI) Published by: Indian Pharmacopoeia Commission(IPC) Aim: To promote rational use of medicines in the country. Significance: The NFI will be very beneficial for Clinicians and Healthcare… Continue reading Union Health Minister launches the Sixth Edition of National Formulary of India (NFI)
NITI Aayog Releases Report on ‘Health Insurance for India’s Missing Middle’
What is the News? Niti Aayog has released a report titled ‘Health Insurance for India’s Missing Middle’. What are the key Findings of the report? At least 30% of the population, or 40 crore individuals – called the missing middle are devoid of any financial protection for health: The Ayushman Bharat – Pradhan Mantri Jan… Continue reading NITI Aayog Releases Report on ‘Health Insurance for India’s Missing Middle’
EAC-PM: 3 new members inducted
What is the News? The Government of India has reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) under the leadership of Dr Bibek Debroy for a period of two years after its term came to an end in September 2021. What is the Economic Advisory Council to the Prime Minister(EAC-PM)? EAC-PM is a… Continue reading EAC-PM: 3 new members inducted
How ONDC seeks to democratize digital commerce
What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT) is building an Open Network for Digital Commerce(ONDC) which is designed to curb digital monopolies and standardize the on-boarding of retailers on e-commerce sites. What is the aim of ONDC? The Unified Payment Interface (UPI) has disrupted the digital payments’ domain. ONDC… Continue reading How ONDC seeks to democratize digital commerce
Union Minister for MSME Narayan Rane launches “SAMBHAV” National Level Awareness Programme, 2021
What is the news? “SAMBHAV”, a National Level Awareness Programme-2021, being organised by Ministry of Micro, Small & Medium Enterprises. What is SAMBHAV? SAMBHAV calls for engagement of the youth in promoting entrepreneurship, leading to the economic development of the country. The mass outreach program is a one-month long initiative under the Ministry of MSME… Continue reading Union Minister for MSME Narayan Rane launches “SAMBHAV” National Level Awareness Programme, 2021
Union Minister of Power & New and Renewable Energy launches the Green Day Ahead Market (GDAM)
What is the News? The Union Minister of Power & New and Renewable Energy has launched the Green Day Ahead Market (GDAM). What is Green Day Ahead Market(GDAM)? GDAM is a marketplace that will enable electricity generation and distribution companies to buy or sell renewable energy through open access on a day-ahead basis. How will… Continue reading Union Minister of Power & New and Renewable Energy launches the Green Day Ahead Market (GDAM)
Global agricultural productivity not growing as fast as food demand: Report
What is the News? Global Agricultural Productivity Report (GAP Report) 2021 has been released by Virginia Tech’s College of Agriculture, US and Life Sciences. Few basic Terms to Know What is Agricultural Productivity? Agricultural productivity is measured as the ratio of agricultural outputs to inputs. Agriculture productivity increases when more agricultural products are produced with… Continue reading Global agricultural productivity not growing as fast as food demand: Report
