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.

India’s Mineral import Surge

Source- This post on the India’s Mineral import surge has been created based on the article “Mineral import surges 80%” published in “The Hindu” on 1 August 2024. Why in the news? India’s major mineral imports (mostly non-critical minerals) has witnessed almost 80% rise in value terms over five years. The mineral import in value terms… Continue reading India’s Mineral import Surge

Saffron Crop

Source- This post on the Saffron crop has been created based on the article “Losing spice: Kashmir’s prized saffron crop hit by dry spells” published in “Business Line” on 31 July 2024. Why in the news? Due to erratic weather, many farmers in Kashmir are shifting from growing saffron to cultivating apple orchards or mustard… Continue reading Saffron Crop

Government clarifies that not all require tax clearance certificate to Go Abroad

Source- This post on the Government clarifies that not all require tax clearance certificate to Go Abroad has been created based on the article “Not all require tax clearance certificate to go abroad: govt” published in “The Hindu” on 29 July 2024. Why in the news? The government clarified a Union Budget proposal that sparked… Continue reading Government clarifies that not all require tax clearance certificate to Go Abroad

RBI Releases New PCA Framework for Urban Cooperative Banks

Source- This post on the RBI Releases New PCA Framework for Urban Cooperative Banks has been created based on the article “Reserve Bank of India releases PCA framework for urban cooperative banks” published in “Business Standard” on 27 July 2024. Why in the news? The Reserve Bank of India (RBI) has introduced a new Prompt… Continue reading RBI Releases New PCA Framework for Urban Cooperative Banks

Tax simplification measures for settling direct tax disputes

Source- This post on the Tax simplification measures for settling direct tax disputes has been created based on the article “Govt decriminalises late payment of TDS, to reduce litigation with Vivad se Vishwas scheme” published in “Indian Express” on 24 July 2024. Why in the news? The Union Budget proposes several tax simplification measures, including… Continue reading Tax simplification measures for settling direct tax disputes

Establishment of e-commerce export hubs

Source- This post on the Establishment of e-commerce export hubs has been created based on the article “Govt looks to boost e-commerce exports, will set up PPP hubs along lines of Southeast Asian countries” published in “Indian Express” on 24 July 2024. Why in the news? Finance Minister Nirmala Sitharaman announced the establishment of e-commerce… Continue reading Establishment of e-commerce export hubs

Government Takes Major Step Towards Digitising Agriculture

Source- This post on “Government Takes Major Step Towards Digitising Agriculture” has been created based on the article “Govt takes a big leap towards digitising agriculture” published in “The Indian express” on 24th July, 2024. Why in news? Recently, Union Finance Minister Nirmala Sitharaman announced the rollout of Digital Public Infrastructure (DPI) for the agricultural sector.… Continue reading Government Takes Major Step Towards Digitising Agriculture

Credit Guarantee Scheme for MSMEs

Source- This post on the Credit Guarantee Scheme for MSMEs has been created based on the article “Budget’s big MSME push: New credit rating mechanism for smaller units; Mudra loan limit hiked” published in “Indian Express” on 24 July 2024. Why in the news? Finance Minister Nirmala Sitharaman recently unveiled several key measures aimed at boosting… Continue reading Credit Guarantee Scheme for MSMEs

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