News: The Government of India has announced several key developments to enhance broadband connectivity in rural areas, focusing on improving telecom infrastructure and ensuring faster internet access. About National Broadband Mission (NBM) 2.0 NBM 2.0 will commence on April 1, 2025. Objective: Improve broadband connectivity, especially in rural, remote, and difficult-to-access areas. Ensure high-speed, affordable,… Continue reading National Broadband Mission (NBM) 2.0
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.
WAVES Summit
News: India will host the inaugural World Audio Visual Entertainment Summit (WAVES) from May 1-4, 2025, in Mumbai. About the WAVES Summit (World Audio Visual Entertainment Summit) The event is positioned as India’s global summit for the entertainment sector, similar to Davos for the economic sector. The government aims to establish WAVES as a prestigious… Continue reading WAVES Summit
Market Intervention Scheme (MIS)
News: The Government of India has revised the Market Intervention Scheme (MIS) guidelines, increasing the procurement limit of crops under MIS from 20% to 25% and introducing new provisions to encourage more States to implement the scheme. About Market Intervention Scheme (MIS) MIS is a component of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA).… Continue reading Market Intervention Scheme (MIS)
Algorithmic Trading
News: The Securities and Exchange Board of India (SEBI) has introduced a new regulatory framework to enhance the safety of retail investors participating in algorithmic (algo) trading through brokers. About Algorithmic Trading Algorithmic trading, also known as algo trading, refers to the use of computer programs and automation to execute financial market transactions based on… Continue reading Algorithmic Trading
Union Budget Allocation for Urban Development
News: The total outlay for urban development in FY 2025 stands at ₹96,777 crore, an increase from last year’s ₹82,576.57 crore. About the Budgetary allocation The budget primarily focuses on large-scale infrastructure projects, particularly metro rail expansions, while employment generation and sustainable development receive less attention. Key urban infrastructure programs have not received adequate funding,… Continue reading Union Budget Allocation for Urban Development
Repo Rate Cut
News: The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps) to 6.25% on February 7, 2025. This is the first repo rate cut in nearly five years and follows a two-year period of maintaining the rate at 6.50%. Rationale Behind the Repo Rate Cut Stimulating Economic Growth: The… Continue reading Repo Rate Cut
Agricultural and Processed Food Products Export Development Authority (APEDA)
News: The Department of Commerce, through APEDA (Agricultural and Processed Food Products Export Development Authority), has been actively promoting the export of fruits and vegetables under the Agriculture and Processed Foods Export Promotion Scheme for the 15th Finance Commission Cycle (2021-22 to 2025-26). About Agricultural and Processed Food Products Export Development Authority (APEDA) APEDA stands… Continue reading Agricultural and Processed Food Products Export Development Authority (APEDA)
Extra-Long Staple (ELS) cotton
News: The Finance Minister recently introduced a five-year Cotton Mission aimed at improving productivity, sustainability, and the promotion of premium ELS cotton varieties in India. About Extra-Long Staple (ELS) cotton Extra-Long Staple (ELS) cotton is a premium type of cotton known for its extra-long fiber length (30 mm or more), making it softer, stronger, and… Continue reading Extra-Long Staple (ELS) cotton
National Manufacturing Mission
News: The Union Budget 2025-26 has introduced significant initiatives to strengthen India’s manufacturing sector under the “National Manufacturing Mission”. About National Manufacturing Mission The National Manufacturing Mission has been introduced in the Union Budget 2025-26 to boost the manufacturing sector across small, medium, and large industries, further advancing the Make in India initiative. Aim: This… Continue reading National Manufacturing Mission
Telecom Disputes Settlement & Appellate Tribunal (TDSAT)
News: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has temporarily suspended penalties totaling Rs 141 crore imposed on telecom companies for spam violations. About Telecom Disputes Settlement & Appellate Tribunal (TDSAT) TDSAT was established in 2000 by the Government of India under the Telecom Regulatory Authority of India Act, 1997 (TRAI Act) Objective: To… Continue reading Telecom Disputes Settlement & Appellate Tribunal (TDSAT)
