News: According to a report by the UK-based privacy and security research firm Top10VPN, India has suffered the longest internet shutdowns in 2020 globally. Facts: Key Takeaways from the report: Globally, internet shutdowns cost the world economy $4 billion. However, this represents a 50% decrease in impact compared to $8.05 billion in 2019. India has… Continue reading Economic Impact of Internet shutdown in Indian and world economy
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.
GDP likely to contract by 7.7% in 2020-21, says Govt.
News: National Statistical Office(NSO), Ministry of Statistics and Programme Implementation(MoSPI) has released the First Advance Estimates (FAE) for 2020-21. Facts: What are the First Advance Estimates(FAE)? For any financial year, the MoSPI provides regular estimates of GDP. The first such instance is through the FAE. The FAE for any particular financial year is typically presented… Continue reading GDP likely to contract by 7.7% in 2020-21, says Govt.
SEBI moots entry norms to set up stock exchanges
News: Securities and Exchange Board of India (SEBI) has proposed a new framework for ownership of Market Infrastructure Institutions(MII) to facilitate new entrants to set up stock exchanges and depositories. Facts: What is Market Infrastructure? It is a system administered by a public organisation or other public instrumentality, or a private and regulated association or entity, that… Continue reading SEBI moots entry norms to set up stock exchanges
Government launches Indian Railways Freight Business Development Portal
News: The Ministry of Railways has launched Freight Business Development Portal. Facts: Freight Business Development Portal: It is an exclusive portal to promote and develop the railways freight business. Key Features: It ensures that all operations stay customer centric, reduce the costs for logistics providers, provide online tracking facilities for suppliers and also simplify the process of… Continue reading Government launches Indian Railways Freight Business Development Portal
World’s largest floating solar energy project in Omkareshwar Dam
News: The Government of India has announced the construction of the World’s largest floating solar energy project. Facts: Floating Solar Energy Project: The world’s largest floating 600 MW solar energy project is to be constructed at Omkareshwar dam on Narmada river in Madhya Pradesh. Funding: The International Finance Corporation, World Bank and Power Grid have… Continue reading World’s largest floating solar energy project in Omkareshwar Dam
Prime Minister inaugurates Kochi-Mangalore natural gas pipeline
News: Prime Minister of India has inaugurated the Kochi-Mangalore LNG (liquified natural gas) pipeline. Facts: Kochi-Mangalore Gas Pipeline: It is a 450 km long pipeline being built by GAIL (India) Ltd. Purpose: It will carry natural gas from the Liquefied Natural Gas(LNG) Regasification Terminal at Kochi (Kerala) to Mangalore (Dakshina Kannada district, Karnataka). Pass through:… Continue reading Prime Minister inaugurates Kochi-Mangalore natural gas pipeline
Government launched virtual toy hackathon ‘Toycathon 2021’
News: Union Education Minister and Union Minister for Textiles and Women & Child Development jointly launched the Toycathon 2021. Facts: Toycathon 2021: It’s a kind of hackathon for the toy industry. It has been organized by the Ministry of Education, Ministry of Women and Child Development (MWCD), Ministry of Textile, Ministry of Commerce and Industries,… Continue reading Government launched virtual toy hackathon ‘Toycathon 2021’
Government kicking off Seaplane Services on selected Routes
News: Union Ministry of Ports, Shipping, and Waterways has announced that it has kickstarted the process of commencing operations of the Seaplane services on select routes. Facts: What is Seaplane? Seaplanes are typically fixed-wing aircraft with a much fewer number of seats and can take off from and land on water. How will it work? Sea… Continue reading Government kicking off Seaplane Services on selected Routes
Prime Minister to preside over Virtual Global Investor Roundtable
News: The Prime Minister will chair the Virtual Global Investor Roundtable (VGIR). Facts: Organized by: Ministry of Finance and National Investment and Infrastructure Fund(NIIF) What is it? It is an exclusive dialogue between leading global institutional investors, Indian business leaders and the highest decision makers from the Government of India and Financial Market Regulators. … Continue reading Prime Minister to preside over Virtual Global Investor Roundtable
UKIBC releases Doing Business in India Report 2020
News: UK India Business Council(UKIBC) has released the sixth edition of Doing Business in India Report 2020. Facts: About the report: The report is based on an in-depth survey of 106 UK organisations operating in India spanning manufacturing, services, and higher education sectors. Key Takeaways: Nearly two-thirds of the UK businesses believe it… Continue reading UKIBC releases Doing Business in India Report 2020
