News: The Insurance Regulatory and Development Authority of India (IRDAI) has taken a significant step to control the steep rise in health insurance premiums for senior citizens. It has issued a directive capping annual premium hikes at 10% for health insurance policies covering individuals aged 60 years and above. About IRDAI The Insurance Regulatory and… Continue reading Insurance Regulatory and Development Authority of India (IRDAI)
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.
National Critical Mineral Mission
News: The Union Cabinet has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs. 16,300 crores. About National Critical Mineral Mission It aims to intensify the exploration of critical minerals both within the country as well as in its offshore areas, creating a fast-track regulatory approval process for critical… Continue reading National Critical Mineral Mission
TEAM Initiative
News: The Trade Enablement and Marketing (TEAM) initiative has been launched under the Raising and Accelerating MSME Productivity (RAMP) Programme of the Ministry of MSMEs to boost digital commerce for MSMEs. About TEAM Initiative The initiative aims to empower MSMEs with digital tools and guidance by integrating them with the ONDC (Open Network for Digital Commerce). … Continue reading TEAM Initiative
Mutual Credit Guarantee Scheme for MSMEs
News– The Union government recently approved the introduction of a new credit guarantee scheme for the micro, small and medium enterprises (MSMEs) that was announced in the FY25 Budget. About Mutual Credit Guarantee Scheme for MSMEs Aim- To provide 60% guarantee coverage through the National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions… Continue reading Mutual Credit Guarantee Scheme for MSMEs
Enhanced Certificate of Origin (eCoO) 2.0 System
News- The Directorate General of Foreign Trade (DGFT) has launched the enhanced Certificate of Origin (eCoO) 2.0 System. About Enhanced Certificate of Origin (eCoO) 2.0 System It is a significant upgrade designed to simplify the certification process for exporters and enhance trade efficiency. Key features: This enhanced platform provides various user-friendly features, including multi-user access,… Continue reading Enhanced Certificate of Origin (eCoO) 2.0 System
Fiscal Health Index 2025
News: Niti Aayog recently launched the “Fiscal Health Index 2025” in New Delhi. The report ranked 18 major states for the year 2022-23. About Fiscal Health Index (FHI) Annual Publication: The Fiscal Health Index report will be released every year. Focus on Fiscal Health: It will assess the fiscal health of Indian states. Data-Driven Insights:… Continue reading Fiscal Health Index 2025
Airport Economic Regulatory Authority
News: The Public Accounts Committee (PAC) of Parliament has asked the Airport Economic Regulatory Authority to submit a detailed response on how User Development Fee charges are calculated. About Airport Economic Regulatory Authority It is a statutory body established under the provisions of the Airports Economic Regulatory Authority of India Act, 2008. The primary… Continue reading Airport Economic Regulatory Authority
Sebi’s ‘when-listed’ platform
News: The Securities and Exchange Board of India (SEBI) is planning to launch a “when-listed” platform. About “when-listed” platform This platform will allow trading of a company’s shares between the allotment of shares after an IPO and their official listing on stock exchanges. The platform aims to reduce ‘grey market activity’ in companies’ stocks. Grey… Continue reading Sebi’s ‘when-listed’ platform
Diamond Imprest Authorisation
News: The Department of Commerce, Government of India, has introduced Diamond Imprest Authorisation (DIA) Scheme for the duty-free import of natural cut and polished diamonds. About Diamond Imprest Authorisation It aims to enhance the global competitiveness of India’s diamond sector by providing a streamlined mechanism for duty free import of natural cut and polished diamonds, leading… Continue reading Diamond Imprest Authorisation
Coffee Production in India
News: According to the Ministry of Commerce and Industry, India has emerged as the world’s seventh-largest coffee producer, with exports reaching $1.29 billion in FY 2023-24, almost double the $719.42 million recorded in 2020-21. About Coffee production in India The historical origin of India’s coffee production can be traced to 1600AD when Baba Budan, a… Continue reading Coffee Production in India
