News: The Union Cabinet approved Emergency Credit Line Guarantee Scheme 5.0 to support businesses facing liquidity stress due to the West Asia crisis. About Emergency Credit Line Guarantee Scheme 5.0 Emergency Credit Line Guarantee Scheme 5.0 provides government-backed additional credit support to eligible businesses facing temporary liquidity stress. Commencement of the Scheme: The Emergency Credit… Continue reading Emergency Credit Line Guarantee Scheme 5.0
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.
Viability Plan 2.0 for Regional Rural Banks (RRBs)
News: The Department of Financial Services approved Viability Plan 2.0 to strengthen financial stability and improve operational efficiency in Regional Rural Banks. About Viability Plan 2.0 for Regional Rural Banks (RRBs) Viability Plan 2.0: It is a revised three-year framework to improve financial sustainability and long-term competitiveness of RRBs. Implementing Ministry: Department of Financial Services (DFS)… Continue reading Viability Plan 2.0 for Regional Rural Banks (RRBs)
Mission for Cotton Productivity
News: Cabinet approves “Mission for Cotton Productivity” for Self-Sufficiency in Cotton and Competitiveness in Global Textile Markets by 2030-31. About Mission for Cotton Productivity Mission for Cotton Productivity is an initiative to address bottlenecks, declining growth, and quality concerns in India’s cotton sector. It aligns with the 5F vision (Farm to Fibre to Factory to… Continue reading Mission for Cotton Productivity
Fugitive Economic Offenders
News: The Enforcement Directorate reported declaring 21 individuals as fugitive economic offenders and initiating proceedings against 54 persons under the law. About Fugitive Economic Offenders A fugitive economic offender is a person against whom a warrant for a scheduled offence of ₹100 crore or more is issued and who avoids returning to India. Legality: The… Continue reading Fugitive Economic Offenders
India’s First Multi-Lane Free Flow (MLFF) Barrier-less Tolling System
News: Union Minister of Road Transport & Highways Shri Nitin Gadkari announced the launch of India’s first Multi-Lane Free Flow (MLFF) barrier-less tolling system at the Chorayasi Toll Plaza on the Surat–Bharuch section of NH-48 in Gujarat. About India’s First Multi-Lane Free Flow (MLFF) Barrier-less Tolling System Initiated at: It has been initiated at the… Continue reading India’s First Multi-Lane Free Flow (MLFF) Barrier-less Tolling System
Padma Doree and Eri Silk
News: Padma Doree was formally unveiled by NEHHDC under MDoNER, showcasing a cross-cultural textile initiative through a fashion show and exhibition. About Padma Doree Padma Doree is a unique cross-cultural textile initiative that fuses Eri silk of Northeast India with Chanderi weaving of Madhya Pradesh. Launched by: It was launched by the Ministry of Development… Continue reading Padma Doree and Eri Silk
New Bidding Regulations for HAM Projects
News: New Bidding Regulations for HAM Projects were introduced by the Ministry of Road Transport and Highways to prevent catastrophic failures from construction defects. About Hybrid Annuity Mode (HAM) Hybrid Annuity Mode (HAM) is a Public-Private Partnership model used mainly for road and highway projects in India, where both government and private sector participate. It… Continue reading New Bidding Regulations for HAM Projects
Past Risk and Return Verification Agency (PaRRVA)
News: The Securities and Exchange Board of India (SEBI) has operationalised the Past Risk and Return Verification Agency (PaRRVA) to bring transparency and standardisation to performance claims made by financial intermediaries. About Past Risk and Return Verification Agency (PaRRVA) Past Risk and Return Verification Agency (PaRRVA) is a regulatory initiative designed to bring transparency and… Continue reading Past Risk and Return Verification Agency (PaRRVA)
Mission SAKSHAM
News: The Reserve Bank of India (RBI) has launched Mission SAKSHAM for capacity building of the Urban Co-operative Banking sector. About Mission SAKSHAM Mission SAKSHAM (Sahkari Bank Kshamta Nirman) is a nationwide training initiative for capacity building of the Urban Co-operative Banking sector (UCBs). Launched by: It has been launched by the Reserve Bank of… Continue reading Mission SAKSHAM
E-PRAAPTI Portal
News: The Employees’ Provident Fund Organisation (EPFO) is set to roll out E-PRAAPTI Portal to facilitate identification, tracking, Unique Account Number (UAN) linking, and activation of old EPF accounts. About E-PRAAPTI Portal E-PRAAPTI stands for EPF Aadhaar-Based Access Portal for Tracking Inoperative Accounts. It is a new digital platform to facilitate identification, tracking, Unique Account Number… Continue reading E-PRAAPTI Portal
