News: The 56th GST Council has recommended changes in GST tax rates on goods and services, from 22 September 2025. About Goods and Services Tax (GST) 2.0 Goods and Services Tax is a comprehensive, multi-stage, destination-based indirect tax on goods and services. Purpose: Its primary purpose is to achieve “One Nation, One Tax” by reducing… Continue reading Goods and Services Tax (GST) 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.
BHARATI Initiative
News: The APEDA launched its new initiative BHARATI on the sidelines of the “Food & Beverages Sector Stakeholders Meeting” chaired by Union Minister of Commerce and Industry. About BHARATI Initiative BHARATI stands for – Bharat’s Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement. Launched by: Agricultural and Processed Food Products Export Development Authority… Continue reading BHARATI Initiative
Bairabi–Sairang Railway Line
News: Mizoram will soon be connected to the national railway network through new Bairabi–Sairang Railway Line. About Bairabi–Sairang Railway Line The Bairabi–Sairang broad-gauge railway line is 51.38 km long. The line will connect Mizoram to the national railway network for the first time. It terminates at Sairang, which is located about 20 km from Aizawl,… Continue reading Bairabi–Sairang Railway Line
Green bonds
NEWS: Global issuance of green bonds has crossed $3 trillion and reached $577 billion in 2024, yet they account for only 3 per cent of the bond market. About Green bonds Green bonds are debt instruments issued by governments (Sovereign Green Bonds issued by RBI), corporations, and multilateral banks to raise funds for projects that… Continue reading Green bonds
Sectors worst hit by U.S. tariffs on India
News: U.S. 50% tariffs on Indian imports began on August 27, triggering demand drops in several labour-intensive export sectors. Sectors Worst Hit by U.S. Tariffs on India Mechanism of assessing impact: We can judge impacts by three signals used together: Dollar sales to the U.S. (how big the market is), U.S. share in a sector’s… Continue reading Sectors worst hit by U.S. tariffs on India
Index of Industrial Production (IIP)
News: Industrial growth touched a four-month high of 3.5% in July 2025, as per the Index of Industrial Production (IIP) released by the Ministry of Statistics and Programme Implementation. About Index of Industrial Production (IIP) IIP is a monthly volume index that measures short-term changes in industrial output. Formula used: The index is calculated as… Continue reading Index of Industrial Production (IIP)
PM SVANidhi Scheme 2.0
News: The Union Cabinet approved the restructuring and extension of PM SVANidhi (“PM SVANidhi Scheme 2.0”). About PM SVANidhi Scheme 2.0 Full Name: Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi 0 Extended version: This scheme is an extension and restructuring of the original PM SVANidhi scheme. The original PM SVANidhi Scheme was launched on 1 June… Continue reading PM SVANidhi Scheme 2.0
Kuttanad Fish Farming
News: Union Minister for Fisheries, Animal Husbandry & Dairying announced a pilot project aimed at boosting livelihood opportunities for fish farmers in the Kuttanad region in Kerala. About Kuttanad Fish Farming Highlights of the initiative: A comprehensive approach: The Fisheries Department will take steps towards implementing a range of modern & traditional aquaculture practices, such… Continue reading Kuttanad Fish Farming
Kalai-II Hydroelectric Project
News: The Arunachal Pradesh State Pollution Control Board (APSPCB) conducted an environmental public hearing for the proposed 1200 MW Kalai-II Hydro Electric Project in Anjaw district, being developed by THDC India Limited. About Kalai-II Hydroelectric Project It is a 1,200 MW hydro power. Type: It is a run-of-river with pondage project. River: It is planned… Continue reading Kalai-II Hydroelectric Project
Made in India Label Scheme
News: In a step towards unifying and highlighting the nation’s manufacturing prowess, the government has come out with a ‘Made in India Label Scheme’. About Made in India Label Scheme It is an initiative that lends support to the manufacturing industry by building a brand reputation, stronger identity and wider reach for products made in… Continue reading Made in India Label Scheme
