News:Geographical Indication Registry of India has accorded Geographical Indication(GI) tag to Manipur Black Rice and Gorakhpur Terracotta. Facts: Manipur Black Rice: Black rice locally known as chakhao is grown in the plains and hills of Manipur.It owes its colour to natural black pigments called anthocyanins. It is normally eaten during community feasts and is served… Continue reading GI tag to Manipur black rice, Gorakhpur terracotta
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.
Task Force on NIP submits final report to Finance Minister
News:The Task Force on the National Infrastructure Pipeline(NIP) for 2019-25 has submitted its Final Report to the Finance Minister. Facts: National Infrastructure Pipeline(NIP): It is the investment plan unveiled by the Central Government for enhancing infrastructure in identified sectors for a period of five years from 2020-25 with the aim to help India reach a… Continue reading Task Force on NIP submits final report to Finance Minister
International Financial Services Centres Authority
News:Government of India has notified the establishment of International Financial Services Centres Authority(IFSCA). Facts: IFSCA was established to regulate the financial services market in the International Financial Services Centres set up under the Special Economic Zones Act, 2005. Composition:It consists of nine members: a) Chairperson b) members each from the RBI, SEBI, IRDAI, PFRDA c)… Continue reading International Financial Services Centres Authority
RBI announces special liquidity facility for mutual funds
News: Reserve Bank of India(RBI) has announced a special window of ₹50,000 crore for Mutual Funds in view of the pressure that the fund houses are facing in the wake of the Coronavirus pandemic. Facts: Mutual Funds: It is a type of financial vehicle made up of a pool of money collected from many investors… Continue reading RBI announces special liquidity facility for mutual funds
World Bank Migration and Development Brief
News:The World Bank has released its report “Migration and Development Brief”. It focuses on COVID-19 Crisis Through a Migration Lens. Facts: The report is prepared by the Migration and Remittances Unit- the research and data arm of the World Bank.It is released twice a year. Aim:To provide an update on key developments in the area… Continue reading World Bank Migration and Development Brief
Trade and Development Report
News:The United Nations Conference on Trade and Development(UNCTAD) has released its updated Trade and Development Report. Facts: The Trade and Development Report (TDR) is issued every year since 1981. Aim: To analyse current economic trends and major policy issues of international concern and make suggestions for addressing these issues at various levels. Additional Facts: UNCTAD:… Continue reading Trade and Development Report
Bill of Lading
News:The government is fast tracking a plan to implement electronic Bill of Lading(eBL) to facilitate business continuity in the trade documentation process. Facts: A Bill of Lading is the key legal document in the global trade. It is issued by a carrier to a shipper that details the type, quantity, and destination of the goods… Continue reading Bill of Lading
Commodity Markets Outlook Report
News:World Bank has released its Commodity Markets Outlook report. Facts: The report is published every year in the month of April and October. Aim: To provide market analysis for major commodity groups such as energy, metals, agriculture, precious metals, oil, fertilizers among others. Additional Facts: World Bank: It is an International financial Institution that was… Continue reading Commodity Markets Outlook Report
TIFAC explores best methods to revive Indian economy post COVID-19
News:Technology Information, Forecasting and Assessment Council (TIFAC) is preparing a white paper to strategize revival of post-COVID 19 Indian economy. Facts: TIFAC is an autonomous technology think tank set up in 1988 Parent Body: Department of Science & Technology (DST) Nodal Ministry: Ministry of Science and Technology Mandate: Assess the technology trajectories, and support innovation… Continue reading TIFAC explores best methods to revive Indian economy post COVID-19
Renewable Energy Manufacturing Parks
News:The Ministry of Renewable Energy has asked all states and ports to identify lands that can be used to set up Renewable energy(RE) manufacturing Parks. Facts: Aim:To meet the domestic demands as well as to attract firms shifting base from China amid COVID-19 pandemic which has disrupted supply chains. Functions: These parks will:- manufacture equipment… Continue reading Renewable Energy Manufacturing Parks
