News: Global stock markets continue to plunge as United States President Donald Trump showing no signs of backing away from the sweeping tariffs that he has announced. Bear Market. About Bear Market Definition: It is a situation when the stock market experiences price declines over a period of time. Generally, it is declared when a… Continue reading Bear Market
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.
New Pamban Bridge
News: Prime Minister Shri Narendra Modi inaugurated the New Pamban Bridge on the auspicious occasion of Ram Navami. New Pamban Bridge. About New Pamban Bridge It is the country’s first vertical-lift sea bridge. Location: It is over 2 km long and spans across the Palk Strait in Tamil Nadu. Connecting: It connects Rameswaram Island with… Continue reading New Pamban Bridge
NITI NCAER States Economic Forum Portal
News: Finance Minister launched the “NITI NCAER States Economic Forum” portal today in New Delhi. NITI NCAER States Economic Forum Portal. About NITI NCAER States Economic Forum portal Developed by: NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER). It is a comprehensive repository of data on social, economic and fiscal… Continue reading NITI NCAER States Economic Forum Portal
Fully Accessible Route (FAR)
News– Despite selling heavily in the Indian stock market, foreign investors have invested over Rs 51,730 crore ($6 billion) in Indian bonds through the Fully Accessible Route (FAR) since January. Fully Accessible Route (FAR) About Fully Accessible Route (FAR) FAR Bonds refer to Indian government securities designated under the Fully Accessible Route, which allows foreign… Continue reading Fully Accessible Route (FAR)
India BioEconomy Report 2025
News-The India BioEconomy Report 2025 has estimated India’s bioeconomy to be valued at over $165 billion, contributing more than 4.2% of the country’s GDP. India BioEconomy Report 2025. About India BioEconomy Report It is an annual publication by the Department of Biotechnology and BIRAC that tracks the growth and performance of India’s bioeconomy The bioeconomy… Continue reading India BioEconomy Report 2025
Equalisation Levy
News- The government has proposed the abolition of the 6% Equalisation Levy on online advertising in the Finance Bill 2025. This move will benefit advertisers on digital platforms like Google, X and Meta. Equalisation Levy. About Equalisation Levy The Equalisation Levy was introduced in India through the Finance Act, 2016, to tax digital transactions—specifically, income… Continue reading Equalisation Levy
BHIM 3.0
News- NPCI BHIM Services Ltd. (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), introduced BHIM 3.0. About BHIM (Bharat Interface for Money) It is Unified Payments Interface(UPI) based payment interface application that allows real time fund transfer. It was launched in 2016. Developer: National Payments Corporation of India (NPCI) Purpose: To promote… Continue reading BHIM 3.0
BAANKNET Portal
News- The government launched the upgraded BAANKNET portal to improve transparency, efficiency, and value realization in PSU banks’ e-auctions of non-performing assets. About BAANKNET portal It is an advanced e-auction portal designed for Public Sector Banks (PSBs) and financial institutions to auction properties for recovering Non-Performing Asset (NPA) loans. Nodal Ministry: Launched under the Ministry… Continue reading BAANKNET Portal
Central Electricity Authority (CEA)
News: The Central Electricity Authority (CEA) has provided guidelines to enhance the efficient allocation, sharing, and utilization of optical fibers, improving resource management in the power sector. About Central Electricity Authority (CEA) It is a statutory body established under Section 3(1) of the Electricity Supply Act, 1948, which was later repealed by Section 70(1) of… Continue reading Central Electricity Authority (CEA)
Cities Coalition for Circularity (C-3)
News: The Union Minister for Housing and Urban Affairs recently introduced the Cities Coalition for Circularity (C-3). About Cities Coalition for Circularity (C-3) It is a newly launched multi-nation alliance aimed at fostering city-to-city collaboration, knowledge exchange, and partnerships with the private sector to advance sustainable urban development. It was Launched on March 3, 2025,… Continue reading Cities Coalition for Circularity (C-3)
