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
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.
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)
Insurance Regulatory and Development Authority of India (IRDAI)
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)
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
