News: According to the data from China’s General Administration of Customs (GAC), India’s trade with China declined in 2020 to the lowest level since 2017, with the trade deficit narrowing to a five-year low as India imported far fewer goods from China. Facts: Source: The Hindu Data Related to Trade between India and China: Bilateral Trade: The… Continue reading Trade with China shrank in 2020, deficit at five-year low
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.
Union Minister inaugurates the ‘Prarambh: Startup India International Summit’
News: Union Minister of Commerce has inaugurated the ‘Prarambh: Startup India International Summit’. Facts: Prarambh: Startup India International Summit: The summit has been organized by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. The summit is organized as a follow-up to the announcement made by the Indian Prime Minister at the… Continue reading Union Minister inaugurates the ‘Prarambh: Startup India International Summit’
Grid-connected Rooftop Solar Scheme
News: Ministry of New and Renewable Energy (MNRE) has cautioned consumers against rooftop solar companies that are claiming to be authorised vendors for the implementation of the Grid-connected Rooftop Solar Scheme. The scheme is being implemented only by power distribution companies(DISCOMS). Facts: Grid-connected Rooftop Solar Scheme(Phase-II): The scheme aims to generate solar power by installing solar… Continue reading Grid-connected Rooftop Solar Scheme
After rice, India’s wheat exports register highest ever export in six years: US Department of Agriculture.
News: US Department of Agriculture(USDA) has released its forecast of Indian wheat exports for 2020-21(July-June). USDA has estimated India’s Wheat Exports for 2020-21 (July-June) to be around 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years. Facts: India’s Wheat Exports: Source:… Continue reading After rice, India’s wheat exports register highest ever export in six years: US Department of Agriculture.
RBI constituted Jayant Kumar Dash committee to study Digital lending activities
News: Reserve Bank of India(RBI) has constituted a working group on digital lending — including online platforms and mobile apps. Facts: Objective: The working group will study digital lending activities in the regulated and unregulated financial sector so that an appropriate regulatory approach can be put in place. Composition: The working group comprises six members–four… Continue reading RBI constituted Jayant Kumar Dash committee to study Digital lending activities
BEE Launches SAATHEE Portal to Track State Energy Efficiency Targets
News: Bureau of Energy Efficiency(BEE) has launched SATHEE Portal and Standards and Labelling Programme for Air Compressors and Ultra High Definition(UHD) TV during the 30th National Energy Conservation Awards(NECA). Facts: SATHEE Portal: SAATHEE stands for State-wise Actions on Annual Targets and Headways on Energy Efficiency. Purpose: It is a Management Information System (MIS) portal which will facilitate real-time… Continue reading BEE Launches SAATHEE Portal to Track State Energy Efficiency Targets
Supreme Court stays implementation of 3 farm laws
News: The Supreme Court has stayed the implementation of Three Farm Laws until further Orders. Facts: Summary of the Supreme Court Order: Stay on Farm Laws: Implementation of three farm laws namely The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, The Essential Commodities (Amendment) Act and The Farmers (Empowerment and Protection) Agreement on Price Assurance… Continue reading Supreme Court stays implementation of 3 farm laws
National Energy Conservation awards 2020
News: Indian Railways has bagged 13 awards at the ‘National Energy Conservation awards 2020’. Facts: National Energy Conservation Awards: The awards are organised by the Bureau of Energy Efficiency (BEE), Ministry of Power. Instituted in: The awards were given for the first time on 14th December, 1991 which is celebrated as National Energy Conservation Day throughout the country. Objective: These Awards… Continue reading National Energy Conservation awards 2020
Government launches Single Window Clearance Portal of Ministry of Coal
News: Union Home Minister has launched a Single Window Clearance Portal of the Ministry of Coal. Facts: Single Window Clearance Portal: The portal aims to allow successful bidders for coal blocks to be able to obtain all required clearances, including environmental and forest clearances, from a single portal with progress monitoring, instead of having to go to… Continue reading Government launches Single Window Clearance Portal of Ministry of Coal
Rs. 1,364 crore given to wrong beneficiaries of PM-Kisan
News: According to an Right to Information (RTI) reply, Union government has paid Rs 1,364 crore to 20.48 lakh ineligible beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme till July 2020. Facts: There were two categories of undeserving beneficiaries who received PM-KISAN payouts namely the “ineligible farmers” and “income tax payee farmers”. More than… Continue reading Rs. 1,364 crore given to wrong beneficiaries of PM-Kisan
