News: The Union Minister of Communications has launched the National Broadband Mission (NBM) 2.0 to enhance telecom accessibility, security, and empowerment across India. About National Broadcast Mission 2.0 It is built on the success of NBM 1.0, which was launched for the period 2019-2024 as a part of the National Digital Communications Policy, 2018. Under… Continue reading National Broadcast Mission 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.
Pay Commission
News: The Union Government has announced the constitution of the 8th Pay Commission. About Pay Commission A Pay Commission decides the salary and compensation of Central government employees and allowances of pensioners. It is set up by the Department of Expenditure, Union Ministry of Finance. It is generally set up every 10 years by the central… Continue reading Pay Commission
National Turmeric Board
News: Union Minister of Commerce and Industry has inaugurated the National Turmeric Board. About National Turmeric Board The National Turmeric Board has been set up to focus on the overall development and growth of the turmeric sector in the country. Headquarters: Nizamabad, Telangana. The board will function under the Ministry of Commerce and Industry. Functions: Focussing… Continue reading National Turmeric Board
Z-Morh Tunnel
News: Recently, Prime Minister has inaugurated the Z-Morh tunnel. About Z-Morh Tunnel It is a 6.5 kms two-lane road tunnel that connects Gagangir and Sonamarg along the NH-1 Srinagar Leh Highway. The name Z-Moreh is derived from the Z-shaped highway that existed prior to the construction of the tunnel. The National Highways and Infrastructure Development… Continue reading Z-Morh Tunnel
Future of Jobs Report 2025
News: Recently, World Economic Forum (WEF) has released the Future of Jobs Report 2025. Key findings of the report The report states that 170 million new jobs will be created by 2030, while 92 million are projected to be displaced. Thus, effectively 78 million new jobs would be created. The sectors that will witness the… Continue reading Future of Jobs Report 2025
Ramesh Chand Panel
News: The government recently formed an 18-member panel, led by NITI Aayog’s Ramesh Chand, to revise the Wholesale Price Index (WPI) base year and plan a shift to the Producer Price Index (PPI). Ramesh Chand Panel About Ramesh Chand Panel The panel was set up to update the base year of the Wholesale Price Index… Continue reading Ramesh Chand Panel
Tobacco Board of India
News: The Tobacco Board of India has claimed that Flue Cured Virginia (FCV) tobacco farmers’ earnings have more than doubled from Rs. 124 per kg (2019-20) to Rs. 279.54 (2023-24). About Tobacco Board of India It is a statutory body established by the Tobacco Board Act, 1975 for the overall development of the tobacco industry. Functions: Monitors… Continue reading Tobacco Board of India
Financial Stability Report
News: The Financial Stability Report, December 2024 has highlighted that Indian economy, and financial system remains robust amid global vulnerabilities. Financial Stability Report Key findings of the Financial Stability Report Prospects of Economic Growth: The Gross Domestic Product (GDP) is expected to grow at 6.6% in FY25 (2024-25), given the revival in rural consumption, increased… Continue reading Financial Stability Report
Household Consumption Expenditure Survey 2023-24
News: The second survey of Household Consumption Expenditure Survey, conducted during August 2023 to July 2024, has been released by the Ministry of Statistics and Programme Implementation. Key Findings of the Survey Average Monthly Per Capita Consumption Expenditure: The MPCE is estimated to be Rs. 4,122 in rural areas and Rs. 6,996 in urban areas. … Continue reading Household Consumption Expenditure Survey 2023-24
Prepaid Payment Instruments
News: Recently, Reserve Bank of India (RBI) has permitted the Prepaid Payment Instrument holders to make and receive UPI payments through the third-party mobile application. About Prepaid Payment Instruments (PPIs) They are financial tools that help facilitate the purchase of goods and services, including financial services, remittances and fund transfer, among others, against the value stored… Continue reading Prepaid Payment Instruments
