News: At the WAVES Summit in Mumbai, Prime Minister Narendra Modi spotlighted India’s booming orange economy and urged India’s youth to ride this creative wave. Orange Economy. About Orange Economy It is also known as the creative economy. It is a production model where goods and services have intellectual value because they are the product… Continue reading Orange Economy
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.
Vizhinjam International Seaport
News- PM Narendra Modi will formally open the Vizhinjam International Seaport in Kerala on Friday (May 2, 2025), marking a major step in putting the southern state on the global maritime map. Vizhinjam International Seaport. About Vizhinjam International Seaport It is India’s first deepwater container transshipment port. Location: It is located in Vizhinjam, a coastal… Continue reading Vizhinjam International Seaport
Sunrise Sectors
News: India aims to double the share of manufacturing in GDP to 23% helped by sunrise sectors. About Sunrise Sectors It refers to industries that are relatively new, rapidly growing, and have significant potential to drive future economic growth, innovation, and employment. Features: High rates of expansion Technological advancement Ability to attract substantial investments and… Continue reading Sunrise Sectors
Tobacco
News-The Government has amended the Tobacco Board Rules, 1976, extending the registration validity for Virginia tobacco growers from 1 year to 3 years. About Tobacco Origin: Thought to have originated in South America. Agro-Climatic Requirements Temperature: Ideally between 20°C to 27°C Rainfall: Requires a minimum of 500 mm; not suitable above 1200 mm Soil: Prefers… Continue reading Tobacco
Khadi and Village Industries Commission (KVIC)
News: The Khadi and Village Industries Commission (KVIC) has achieved a historic milestone in the financial year 2024-25, recording a turnover of Rs 1.70 lakh crore during the period. Khadi and Village Industries Commission (KVIC). About Khadi and Village Industries Commission (KVIC) It is a statutory body established under Khadi and Village Industries Commission Act,… Continue reading Khadi and Village Industries Commission (KVIC)
WAVES 2025: Anti-Piracy Challenge
News: The Ministry of Information and Broadcasting has announced the top seven finalists for the Anti-Piracy Challenge under the “Create in India” initiative of the World Audio Visual & Entertainment Summit (WAVES) 2025. WAVES 2025: Anti-Piracy Challenge. About WAVES 2025: Anti-Piracy Challenge It is a pioneering initiative under the Create in India Challenge Season 1… Continue reading WAVES 2025: Anti-Piracy Challenge
Silkyara tunnel
News- Uttarakhand’s longest tunnel, Silkyara has achieved a major breakthrough recently. About the Silkyara Tunnel Location: It is situated on the Yamunotri National Highway in Uttarkashi district, Uttarakhand. Length: The tunnel spans a total length of 4.5 km and is designed to connect Silkyara with Dandalgaon in the same district. Project: It is a key… Continue reading Silkyara tunnel
STELLAR Model
News: The State-of-the-art, Totally indigenously developed Resource Adequacy model (STELLAR) has recently been launched by the Central Electricity Authority (CEA) on 11 April 2025. About STELLAR Model It is a next-gen software tool for integrated planning of power generation, transmission, storage, and demand response. It is developed in line with Resource Adequacy Guidelines issued by… Continue reading STELLAR Model
Electronics Components Manufacturing Scheme
News: The Ministry of Electronics and Information Technology (MeitY) has notified the Electronics Components Manufacturing Scheme. About Electronics Components Manufacturing Scheme This is the first scheme that focuses on promoting the manufacturing of passive electronic components including resistors, capacitors, connectors, inductors, speakers, relays, switches, oscillators, sensors, films and lenses. Nodal Ministry: Ministry of Electronics and… Continue reading Electronics Components Manufacturing Scheme
India Skills Accelerator initiative
News: The Ministry of Skill Development and Entrepreneurship (MSDE) partners with World Economic Forum (WEF) to launch India Skills Accelerator initiative. About India Skills Accelerator initiative It is a national public-private collaboration platform designed to enhance workforce development by addressing skill gaps and encouraging public-private partnerships. It focuses on preparing India’s youth for future job… Continue reading India Skills Accelerator initiative
