What is the News? The Union Minister for Textiles has asked the textile industry to set an aim to increase textiles exports three times from the present export value of $33 billion to $100 billion of textiles exports. India’s Textile and Apparel Industry: India is among the world’s largest producers of Textiles and Apparel. The… Continue reading Govt sets exports target for textile industry at $100 bn, up from $33 bn
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.
Powergrid wins the prestigious global ATD Best award
What is the news? Recently, Powergrid won the prestigious global ATD (Association for Talent Development) Award for nourishing the best talent. It got 8th rank among the 71 organizations from around the globe. It is the only Indian PSU to win this award and one of the only two companies from India to figure in… Continue reading Powergrid wins the prestigious global ATD Best award
Centre plans PSU land sale worth more than Rs 600 crore via e-bidding
What’s in news? The Center is planning to sell parcels worth more than ₹600 crores of public sector undertakings via the e-bidding platform. Further, the government also aims to sell non-core assets worth ₹10000 crores through this platform. About the PSU land sale: The government is looking to push the sale of idle assets of PSUs.… Continue reading Centre plans PSU land sale worth more than Rs 600 crore via e-bidding
Over 4 billion don’t have social protection: UN
What is the News? The International Labour Organization(ILO) has released a report titled ‘World Social Protection Report 2020–22’. Purpose of the Report: The report provides a global overview of recent developments in social protection systems, including social protection floors and covers the impact of the COVID-19 pandemic. Note: Social protection includes access to health care… Continue reading Over 4 billion don’t have social protection: UN
ADIF aims to rank India startup ecosystem in Top 3 globally by 2030
What is the News? The Alliance of Digital India Foundation(ADIF) plans to rank India’s startup ecosystem among the Top 3 globally by 2030, with a focus on finding the right policy framework to drive growth. India’s Startup Ecosystem: India is the third-largest startup ecosystem in the world after the US and China in terms of… Continue reading ADIF aims to rank India startup ecosystem in Top 3 globally by 2030
India to Offer Indemnity to Flag Carrier Bidder Over Cairn Claim
Source: This post is based on the article “India to Offer Indemnity to Flag Carrier Bidder Over Cairn Claim“ published in Livemint on 2nd September 2021. What is the News? The Indian Government has planned to offer indemnity to the financial bidders of Air India Ltd. Note: Indemnity means security against a loss or other… Continue reading India to Offer Indemnity to Flag Carrier Bidder Over Cairn Claim
What are the new BH series registration plates for vehicles?
Source: This post is based on the article “New BH series registration plates for vehicles” published in Indian Express on 1st September 2021. What is the News? The Ministry of Road Transport and Highways has notified Bharat series of “BH” series of registration to ensure seamless transfer of vehicles across states. What is the Existing system?… Continue reading What are the new BH series registration plates for vehicles?
India’s most GIFTed city
Source: This post is based on the article “India’s most GIFTed city” published in Business Standard on 1st September 2021. What is the news? India’s first International Financial Services Centre (IFSC) in Gandhinagar seems to be moving up, at least on paper, after delays in land acquisition, infrastructure development snags and political crosswinds. About IFSC… Continue reading India’s most GIFTed city
A sign of Rlys’ poor health
Source: This post is based on the article “A sign of Rlys’ poor health“ published in Business Standard on 1st September. What is the news? Railways’ accounts reveal it spent ₹98 to ₹100 in 2019-20. In 2019-20, the capital expenditure of Indian Railways (IR) increased 60% over 2016-17. But an analysis by Business Standard shows… Continue reading A sign of Rlys’ poor health
RBI permits card-tokenization services in a bid to make card transactions more safe
Source: This post is based on the article “RBI permits card tokenization services” published in AIR on 26th August, 2021. What is the News? The Reserve Bank of India has permitted authorised card networks to offer card tokenization services to any token requestor in a bid to make card transactions more safe, secure and convenient… Continue reading RBI permits card-tokenization services in a bid to make card transactions more safe
