News: The Union Ministry of Ports, Shipping & Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) in the maritime sector. About India’s First Maritime NBFC – Sagarmala Finance Corporation Limited It is a Mini Ratna, Category-I, Central Public Sector Enterprise which has been formally registered as a Non-Banking Financial… Continue reading First Maritime NBFC – Sagarmala Finance Corporation Limited
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.
RBI lowers priority sector lending target for Small Finance Banks
News: The Reserve Bank of India (RBI) has relaxed priority sector lending (PSL) norms for small finance banks (SFBs). About Priority Sector Lending (PSL) It refers to the mandatory lending targets set by the Reserve Bank of India (RBI) for banks and financial institutions to ensure that certain sectors of the economy receive adequate credit… Continue reading RBI lowers priority sector lending target for Small Finance Banks
Digital Payment Intelligence Platform (DPIP)
News: RBI ropes in banks to build Digital Payment Intelligence Platform to bolster fraud risk management by facilitating real-time intelligence sharing. About Digital Payment Intelligence Platform (DPIP) It is a forthcoming, RBI-led digital public infrastructure (DPI) designed to strengthen fraud risk management in India. Objective: The platform seeks to bolster fraud risk management by facilitating… Continue reading Digital Payment Intelligence Platform (DPIP)
India Post Payments Bank (IPPB)
News– India Post Payments Bank (IPPB) was recently honored with the Digital Payments Award 2024–25 by the Department of Financial Services (DFS) under the Ministry of Finance. About India Post Payments Bank (IPPB) IPPB is a 100% government-owned bank set up under the Department of Posts, Ministry of Communications. It was launched on September 1,… Continue reading India Post Payments Bank (IPPB)
India’s Coastline Grows by 3,500 km
News: India’s coastline is now far longer than it used to be, almost 50% more than the previous length. India’s Coastline Grows by 3,500 km Some post reassessment data: Earlier, the length of India’s coastline used to be 7,516 km. Now this coastline has been measured to be 11,098 km. The number of islands in… Continue reading India’s Coastline Grows by 3,500 km
Gender Budgeting Knowledge Hub
News: The Central government on Thursday launched the Gender Budgeting Knowledge Hub, a dedicated digital platform aimed at strengthening gender-responsive planning across India. About Gender Budgeting Knowledge Hub It is a dedicated digital platform aimed at strengthening gender-responsive planning across India. Aim: Its aim is to empower policymakers, researchers, and other stakeholders with a centralised… Continue reading Gender Budgeting Knowledge Hub
Special Economic Zones (SEZs)
News: The government has relaxed key rules related to Special Economic Zones (SEZs) to encourage the domestic manufacture of semiconductors and electronics. About Special Economic Zones (SEZs) A special economic zone is a geographical area in which the trade and tax laws are relaxed and different from that in the rest of the country so… Continue reading Special Economic Zones (SEZs)
Zero-Coupon Bond
News: State-owned PFC has withdrawn its planned issuance of zero-coupon bonds for the second time in over a month, as investors demanded higher yields. Zero-Coupon Bond. About Zero-Coupon Bond A zero-coupon bond is a type of debt instrument that does not pay periodic interest. It is also known as the discount bond. Instead, it is… Continue reading Zero-Coupon Bond
CROPIC Initiative
News: The Ministry of Agriculture and Farmers Welfare plans to launch CROPIC, a study to gather crop information using field photographs and AI-based models. CROPIC Initiative About CROPIC Initiative CROPIC stands for “Collection of Real Time Observations & Photo of Crops”. It is a study to gather crop information using field photographs and AI-based models.… Continue reading CROPIC Initiative
Flue gas desulphurisation (FGD)
News: Power Minister says that the Central Pollution Control Board will decide on future of flue gas desulphurisation units. Flue gas desulphurisation (FGD) About Flue Gas Desulphurisation (FGD) Flue-gas desulfurization(FGD) is a set of technologies used to remove sulfur dioxide (SO2) from exhaust flue gases of fossil-fuel power plants and from the emissions of other… Continue reading Flue gas desulphurisation (FGD)
