News: Department of Telecommunications (DoT) said on Wednesday (January 6) that auctions for 4G spectrum in the 700, 800, 900, 1,800, 2,100, 2,300, and 2,500 MHz bands will begin from March 1. Licence holders have until February 5 to submit their applications. Facts: What are Spectrum Auctions? Devices such as cellphones and wireline telephones require… Continue reading What are spectrum auctions?
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.
Government approves new scheme for Industrial Development of Jammu & Kashmir
News: Cabinet Committee on Economic Affairs has approved the Central Sector Scheme for Industrial Development of Jammu & Kashmir. Facts: Aim: To develop development of Manufacturing as well as Service Sector Units in J&K which will generate employment and leads to the socio economic development of the area. Incentives: The following incentives would be available… Continue reading Government approves new scheme for Industrial Development of Jammu & Kashmir
PM inaugurates Rewari – Madar section on Western corridor
News: The Prime Minister of India has inaugurated the Rewari – Madar section on Western Corridor. Facts: Rewari – Madar section: It is a part of Western Dedicated Freight Corridor(WDFC).It falls in Haryana (for approximately 79 Km in Mahendragarh & Rewari districts) and Rajasthan (approximately 227 Km in Jaipur, Ajmer, Sikar, Nagaur and Alwar districts)… Continue reading PM inaugurates Rewari – Madar section on Western corridor
Economic Impact of Internet shutdown in Indian and world economy
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
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’
