News: In January 2026, the Comptroller and Auditor General released the second edition of the State Finances 2023-24 report covering all States. CAG releases ‘State Finances 2023-24’ Report The State Finances 2023-24 Report presents a consolidated and audited overview of the finances of all 28 States. Released by: The report was released by the Comptroller… Continue reading CAG releases ‘State Finances 2023-24’ Report
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.
e-Production Investment Business Visa (e-B-4 Visa)
News: India has introduced the e-Production Investment Business Visa to facilitate Chinese business travel as part of recent people-centric steps. About e-Production Investment Business Visa (e-B-4 Visa) The e-B-4 Visa is an online business visa for foreign professionals undertaking production-related activities in India. Launched by: It was launched by the Department for Promotion of Industry… Continue reading e-Production Investment Business Visa (e-B-4 Visa)
Battery Pack Aadhaar Number (BPAN)
News: The Union Ministry of Road Transport and Highways is proposing a mandatory identification system for electric vehicle batteries through a unique 21-character “Battery Pack Aadhaar Number” (BPAN). About Battery Pack Aadhaar Number (BPAN) Battery Pack Aadhaar Number (BPAN) is a 21-character unique number to be provided to each battery introduced in the market or… Continue reading Battery Pack Aadhaar Number (BPAN)
India becomes world’s largest rice producer
News– India has become the world’s largest producer of rice, surpassing China, with production of about 150.18 million tonnes, compared to China’s 145.28 million tonnes. Status of Rice Production and Export Major Rice-producing countries– India, China, Indonesia, Bangladesh, Japan, Sri Lanka and Egypt, with India now occupying the top position. State-wise Production in India (2024–25) Uttar… Continue reading India becomes world’s largest rice producer
Gandhar Oilfield
News: Oil and Natural Gas Corporation (ONGC) plans to store captured carbon dioxide in depleted wells at Gujarat’s Gandhar oilfield, marking the company’s first full-scale Carbon Capture and Storage (CCS) pilot. About Gandhar Oilfield Location: The Gandhar oilfield is a major oil and gas field located in the Jambusar-Broach block of the Cambay Basin in… Continue reading Gandhar Oilfield
Collateral Support for Export Credit Initiative
News: As part of the initial rollout of the Export Promotion Mission, Collateral Support for Export Credit initiative under the NIRYAT PROTSAHAN sub-scheme has been launched to strengthen MSME exports and improve access to trade finance. About Collateral Support for Export Credit Initiative The Collateral Support for Export Credit is a key component of the… Continue reading Collateral Support for Export Credit Initiative
National Technology Readiness Assessment Framework (NTRAF)
News: The National Technology Readiness Assessment Framework was unveiled on December 29, 2025, by the Principal Scientific Adviser to the Government of India. About National Technology Readiness Assessment Framework (NTRAF) It is a framework that establishes a unified, objective yardstick to measure the maturity of technology projects from laboratory conception to commercial deployment. Developed by:… Continue reading National Technology Readiness Assessment Framework (NTRAF)
Market Access Support (MAS) Intervention and Export Promotion Mission (EPM)
News: The Government of India has launched the Market Access Support (MAS) Intervention under the Export Promotion Mission (EPM), a flagship initiative approved by the Union Cabinet on 12 November 2025. About Market Access Support (MAS) Intervention The Market Access Support (MAS) Intervention is launched under the Export Promotion Mission (EPM), a flagship initiative approved… Continue reading Market Access Support (MAS) Intervention and Export Promotion Mission (EPM)
National Frequency Allocation Plan 2025 (NFAP-2025)
News: The Department of Telecommunications (DoT) has released the National Frequency Allocation Plan 2025 (NFAP-2025). About National Frequency Allocation Plan 2025 (NFAP-2025) Released by: Department of Telecommunications, under the Ministry of Communications It is a key policy document for spectrum allocation and management in India. Effective Date: The new plan will come into force on… Continue reading National Frequency Allocation Plan 2025 (NFAP-2025)
Shipbuilding Financial Assistance Scheme (SBFAS) and Shipbuilding Development Scheme (SbDS)
News: On December 27, 2025, operational guidelines for two shipbuilding schemes (SBFAS and SbDS) were notified to strengthen domestic capacity and improve global competitiveness. About Shipbuilding Financial Assistance Scheme (SBFAS) and Shipbuilding Development Scheme (SbDS) The government has notified two complementary schemes to revive domestic shipbuilding through financial support, infrastructure creation, and stronger institutional coordination.… Continue reading Shipbuilding Financial Assistance Scheme (SBFAS) and Shipbuilding Development Scheme (SbDS)
