What is the News? The government has informed the Lok Sabha about the implementation of the Stand Up India Scheme. More than 81% of the accounts under the Stand Up India Scheme belong to women entrepreneurs. About Stand Up India Scheme: Ministry: Launched in 2016 by the Department of Financial Services, Ministry of Finance. Objective:… Continue reading Present Status of “Stand Up India Scheme”
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.
IDBI Bank out of “PCA framework”
What is the News? Reserve Bank of India(RBI) has taken out IDBI Bank from the prompt corrective action(PCA) framework. But it is still subject to certain conditions and continuous monitoring. What is Prompt corrective action(PCA) Framework? PCA is an RBI framework. Banks with weak financial metrics are put under the PCA framework by the Reserve… Continue reading IDBI Bank out of “PCA framework”
Cabinet clears “74% FDI in Insurance Sector”
What is the news? The Union Cabinet has approved a proposal to amend the Insurance Act, 1938. It will increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%. Conditions: The increase in the foreign direct investment(FDI) limit in the insurance sector comes with safeguards such as: The majority of… Continue reading Cabinet clears “74% FDI in Insurance Sector”
PM to inaugurate “Maitri Setu Bridge”
What is the News? The Prime Minister will inaugurate the ‘Maitri Setu’ bridge between India and Bangladesh. About Maitri Setu: Constructed by: National Highways and Infrastructure Development Corporation Ltd. Maitri Setu is a bridge between India and Bangladesh. It is a 1.9 km long bridge over the Feni River. This bridge will connect Sabroom in… Continue reading PM to inaugurate “Maitri Setu Bridge”
“Index of Economic Freedom” 2021 released
What is the News? The Heritage Foundation releases The Index of Economic Freedom 2021. Key Findings of Index of Economic Freedom 2021 India ranked 121st in the index with a score of 56.5 points under the category of ‘mostly unfree’. In Asia-Pacific, India ranked 26th among the 40 countries. Other Key Findings Singapore tops the… Continue reading “Index of Economic Freedom” 2021 released
Government released “Rating mechanism for National Highways”
What is the News? The Ministry of Road Transport & Highways(MoRTH) released the first-ever rating mechanism for National Highways. About the rating mechanism for National Highways: Conducted by: National Highways Authority of India (NHAI) under the Ministry of Road Transport & Highways(MoRTH). Objective: The fundamental objective of highway rating is “Minimum time with maximum safety… Continue reading Government released “Rating mechanism for National Highways”
“India Telecom 2021” Event Inaugurated
What is the News? Union Minister for Communications inaugurated India Telecom 2021 Event. About India Telecom 2021: Organised by: Telecom Equipment Export Promotion Council(TEPC) under Market Access Initiative Scheme (MAI) of the Department of Commerce. The event has the support of the Department of Telecommunications & Ministry of External Affairs. Purpose: It is an exclusive… Continue reading “India Telecom 2021” Event Inaugurated
LinkedIn released the “Opportunity Index 2021”
What is the News? LinkedIn has released the Opportunity Index,2021. The index focuses on the manner in which women perceive their employment opportunities. Further, the opportunity index also focuses on how the gender gap is slowing down the career progress for working women. About the Opportunity Index 2021: The LinkedIn Opportunity Index research was conducted… Continue reading LinkedIn released the “Opportunity Index 2021”
“PLI Scheme for pharmaceuticals and IT hardware” Approved
What is the News? Union Cabinet has approved the Production Linked Incentive(PLI) Scheme for the pharmaceuticals and IT hardware sectors. About PLI Scheme for Pharmaceutical Sector: Objective: It will promote the manufacturing of high-value products in the pharmaceutical sector. Duration: The duration of the scheme will be for nine years from 2020-21 till 2028-29. Category… Continue reading “PLI Scheme for pharmaceuticals and IT hardware” Approved
Animal Husbandry Infrastructure Development Fund
About Animal Husbandry Infrastructure Development Fund Animal Husbandry Infrastructure Development (AHIDF) is a Central Sector Scheme. It was launched by the Ministry of Animal Husbandry, Fisheries, and Dairying. Aim: To facilitate incentivization of investments for Dairy processing and value addition infrastructure Meat processing and value addition infrastructure and Animal Feed Plant. Objectives: To help increase… Continue reading Animal Husbandry Infrastructure Development Fund
