What is the News? According to former finance secretary Subhash Chandra Garg, the Reserve Bank of India (RBI) must expedite the floating of the Central Bank Digital Currency (CBDC) or should collaborate with other nations for an international digital currency. Must read: Introducing National Digital Currency in India – Explained, Pointwise What are Former Finance… Continue reading Introduce a digital currency soon, says Garg
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.
Govt sets up ‘war room’ on movement of fertilisers
What is the News? The Department of Fertilizers under the Ministry of Chemicals & Fertilizers has set up a war room on the movement of fertilizers. What is the issue? The international prices of fertilisers and inputs have increased to their highest since 2008-09. Due to this, there is an unprecedented shortage of fertilisers both… Continue reading Govt sets up ‘war room’ on movement of fertilisers
Union Minister inaugurates training program on Sandalwood Farming & Management of its health
What is the News Union Minister of Rural Development & Panchayati Raj has inaugurated a training program on Sandalwood Farming & Management of its health. The program is structured around the basics & benefits of Indian sandalwood, seed handling, nursery techniques & managing the health of the plant. What is Sandalwood? Sandalwood is a class… Continue reading Union Minister inaugurates training program on Sandalwood Farming & Management of its health
Explained: Top prize for labour economics
What is the News? The Royal Swedish Academy of Sciences has awarded the Nobel Prize in Economics to three US-based economists: David Card, Joshua D. Angrist and Guido W. Imbens. The prize has been awarded – with one half to Card, and the other half jointly to Angrist and Imbens – for their work on… Continue reading Explained: Top prize for labour economics
Gati Shakti master plan: DPIIT to monitor, implement infra projects
What is the news? The government has recently said that the Department for Promotion of Industry and Internal Trade (DPIIT) would become the nodal agency for monitoring and implementation of all infrastructure projects under PM GATI SHAKTI PLAN. In line with the Gati Shakti plan, the Ministry of Road Transport and Highways has finalised a blueprint for setting up multi-modal logistics… Continue reading Gati Shakti master plan: DPIIT to monitor, implement infra projects
Union Minister for Fisheries, Animal Husbandry & Dairying, launches a nationwide River Ranching Programme
What is the news? The Union Minister for Fisheries, Animal Husbandry & Dairying has launched a national level River Ranching program in UP. At the same time, other 4 states namely, Uttarakhand, Orissa, Tripura and Chhattisgarh also participated nationwide River Ranching program launching. What is river ranching? River ranching is a form of aquaculture in which a population of a fish species is… Continue reading Union Minister for Fisheries, Animal Husbandry & Dairying, launches a nationwide River Ranching Programme
Launch of I-Sprint’21: IFSCA’s Global FinTech Hackathon Series Sprint01: BankTech
What is the news? I-Sprint21, the global FinTech Hackathon Series of IFSCA was launched recently, where the first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector. Sprint 01: BankTech is hosted jointly by IFSCA and GIFT city in collaboration with NITI Aayog. In Union Budget 2020-21 finance minister envisaged on supporting a “World Class FinTech Hub” at GIFT IFSC. What is Sprint01: BankTech hackathon? Under… Continue reading Launch of I-Sprint’21: IFSCA’s Global FinTech Hackathon Series Sprint01: BankTech
How seven mega textile parks will help the industry
What is the news? The government recently cleared the PM MITRA scheme to set up seven mega textile parks over five years. Read more: Government has approved setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) Parks What does the scheme mean for the Textile industry? Help to address the bottlenecks: The… Continue reading How seven mega textile parks will help the industry
Government allows 100% FDI in telecom sector
What is the news? The Department for Promotion of Industry and Internal Trade (DPIIT) has recently allowed 100 % FDI across all kinds of telecom services and infrastructure providers. Earlier status of Telecom sector Earlier 100 % of FDI was allowed, of which 49 % of investment was permitted through automatic route. About the recent… Continue reading Government allows 100% FDI in telecom sector
41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report
What is the news? The 2nd edition of the Industrial Park Rating System (IPRS) Report was launched by the Department for Promotion of Industry and Internal Trade (DPIIT). All the States of India and 51 SEZs, including 29 Private, have participated in the IPRS 2.0 Report. What are the key findings of the IPRS 2.0… Continue reading 41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report
