News: The Ministry of Heavy Industries (MHI), Government of India, has extended timelines for global tender under REPM scheme as a response to demand for same by multiple stakeholders. About Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) It is a first-of-its-kind national initiative to build a complete domestic supply chain from rare earth oxides to finished… Continue reading Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM)
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.
BHARATI Initiative
News: The Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully concluded first cohort of BHARATI Initiative. About BHARATI Initiative BHARATI stands for – Bharat’s Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement. Launched by: Agricultural and Processed Food Products Export Development Authority (APEDA) under Ministry of Commerce & Industry Aim: This initiative aims… Continue reading BHARATI Initiative
Youth Co-Lab National Innovation Challenge 2026
News: Six youth-led startups from across the country won the 8th edition of the Youth Co-Lab National Innovation Challenge 2026. About Youth Co-Lab National Innovation Challenge 2026 Six youth-led startups from across the country won the 8th edition of the Youth Co-Lab National Innovation Challenge 2026. Led by: The initiative is jointly led by the United… Continue reading Youth Co-Lab National Innovation Challenge 2026
Index of Services Production (ISP)
News: The Ministry of Statistics and Programme Implementation (MoSPI) is set to launch the Index of Services Production (ISP) in July 2026. About Index of Services Production (ISP) The Index of Services Production (ISP) aims to monitor the progress of the services sector. Proposed by: It is proposed by the Ministry of Statistics and Programme Implementation (MoSPI). The proposed approach has… Continue reading Index of Services Production (ISP)
NAFEX.in Portal
News: Nafed will launch its own e-auction portal, NAFEX.in, to sell oilseeds and pulses, enhancing transparency and efficiency in agricultural commodity auctions. About NAFEX.in Portal NAFEX.in is a digital auction portal to strengthen transparency, efficiency and technology-driven reforms in the cooperative sector. Launched by: It has been launched by the National Agricultural Cooperative Marketing Federation (Nafed). Developed… Continue reading NAFEX.in Portal
Development Policy Financing (DPF) Operation
News: The World Bank’s Board of Executive Directors approved $1.5 billion in financing to support India’s structural reforms to boost private sector-led job creation and economic growth under the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation. About Development Policy Financing (DPF) Operation Development Policy Financing (DPF) is a World Bank… Continue reading Development Policy Financing (DPF) Operation
Drunix Platform
News: NPCI launched Drunix Platform to help organisations build and scale tokenisation platforms, digital asset ecosystems, and multi-organisation networks. About Drunix Drunix is an open-source blockchain platform to help companies build and scale tokenisation platforms, digital asset ecosystems, and multi-organisation networks. Launched by: It has been launched by the National Payments Corporation of India (NPCI). Aim:… Continue reading Drunix Platform
WT-MARUT
News: Union Minister Pralhad Joshi launched the WT-MARUT Portal during the Global Wind Day 2026 National Conference in Goa. About WT-MARUT WT-MARUT: Wind Turbine Materials and Resources Utility Tracker (WT-MARUT) is India’s first dedicated digital platform for managing and streamlining the wind energy supply chain. Launched by: The portal was launched by Union Minister for… Continue reading WT-MARUT
Drop Shipping
News: Growing concerns over AI-created online storefronts and unverified sellers have brought renewed attention to drop shipping practices. About Drop Shipping Drop shipping is a retail model where sellers accept customer orders without storing the products they sell. Working Mechanism: Business Arrangement: The seller enters into an agreement with a wholesaler, manufacturer, or another retailer… Continue reading Drop Shipping
BRICS Indore Declaration
News: The BRICS Agriculture Ministers’ meeting held in Indore concluded with the unanimous adoption of the BRICS Indore Declaration. About BRICS Indore Declaration Aspects Description About BRICS Indore Declaration is a Farmer-Centric Global Charter adopted by BRICS member countries during the 2026 Agriculture Ministers’ Meeting in Indore, Madhya Pradesh. Aim It aims at strengthening food… Continue reading BRICS Indore Declaration
