Source-This post is based on the article “Ministry of Agriculture & Farmers Welfare is leveraging cutting-edge Artificial Intelligence (AI) technologies for the benefit of farmers and to increase overall productivity” published in “PIB” on 17th January 2024. Why in The News? AI technologies supporting farmers, Recently a MoU was signed between the National Farmers’ Welfare… Continue reading Ministry of Agriculture & Farmers Welfare Employs Advanced AI Technologies Supporting farmers
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.
Yen Denominated Green Bonds Successfully issued By REC
Source: This article is based on the article“REC Limited issues inaugural Yen Denominated Green Bonds aggregating to 61.1 Billion Japanese Yen” published in “PIB” on 16th January 2024. Why in news? Recently, State-owned REC Ltd has successfully issued its inaugural green bonds worth JPY 61.1 billion, under its US$ 10 billion global medium-term notes programme.… Continue reading Yen Denominated Green Bonds Successfully issued By REC
Kachchhi Kharek of Gujarat got GI tag
Source: This post is based on the article ” Kachchhi Kharek, indigenous dates of Kutch, become Gujarat’s 2nd fruit to get GI tag” published in “The Indian Express” on 13th January 2024. Why in News? Recently, Kachchhi Kharek, the indigenous variety of dates of Kutch, has become the second fruit of Gujarat to get a… Continue reading Kachchhi Kharek of Gujarat got GI tag
India-Argentina Agreement on Lithium Mines
Source: This post is based on the article “India Signs Agreement for Lithium Exploration & Mining Project in Argentina” published in “PIB” on 15 January 2024. Why in news? Recently, India signed an agreement to acquire five lithium brine blocks for exploration and development in Argentina. What is this agreement? 1) Agreement Signed Between –… Continue reading India-Argentina Agreement on Lithium Mines
Lentil Production at an all-time high
Source-This post is based on the article “India’s lentil production set to touch all-time high: Govt” published in “The Indian Express” on 13th January 2024. Why in the News? India is anticipated to lead global lentil (masoor) production in 2023-24, due to increased cultivation. Why is this significant for India? 1) Since reaching its highest… Continue reading Lentil Production at an all-time high
Tea Industry in India
Source-This post is based on the article “Tea Association of India warns of return to ‘dark phase’ for industry” published in “The Hindu” on 10th January 2024. Why in the News? Recently the Tea Association of India (TAI) has cautioned about challenges reminiscent of the “dark phase” observed in the country’s tea industry from 2002-07.… Continue reading Tea Industry in India
Atal Setu: India’s longest sea bridge is set to be inaugurated
Source: The post is based on the article “Mumbai Trans Harbour Link inauguration today: How the country’s longest sea bridge will cut travel time” published in “The Indian Express” on 11th January 2024. Why in news? Prime Minister Narendra Modi will inaugurate the Atal Setu Nhava Sheva Sea Link or Mumbai Trans Harbour Link. What… Continue reading Atal Setu: India’s longest sea bridge is set to be inaugurated
SBI Report on Income inequality in India
Source-This post is based on the article “Income inequality shrinks, Mobility on the Rise : SBI Research Report” published in “PIB” on 8th January 2024. Why in the News? According to SBI Research latest report, there has been a reduction in income inequality in India, signaling a favorable shift towards upward mobility and the expansion… Continue reading SBI Report on Income inequality in India
India Club: what it means for our shipping firms
Source-This post is based on the article “India Club: what it means for our shipping firms” published in “Live mint” on 10th January 2024. Why in the News? India plans to create its own protection and indemnity (P&I) entity, the India Club, to provide insurance for ships in Indian waters thereby reducing reliance on global… Continue reading India Club: what it means for our shipping firms
First Inland Waterways Development Council Meeting
Source: This post is based on the article “Shri Sarbananda Sonowal to chair the First Inland Waterways Development Council Meeting to be held tomorrow in Kolkata” published in “PIB” on 7th January 2024. Why in the news? The Inland Waterways Authority of India is set to host the inaugural ‘Inland Waterways Development Council’ meeting on… Continue reading First Inland Waterways Development Council Meeting
