News: The Reserve Bank of India has said it will not activate the countercyclical capital buffer (CCyB) as the measure is not required in the current circumstances. About Countercyclical Capital Buffer (CCyB) for Banks Countercyclical Capital Buffer (CCyB) for Banks is a macro-prudential tool that requires banks to build up additional capital during periods of… Continue reading Countercyclical Capital Buffer (CCyB) for Banks
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.
Jaggery Production and Processing in India
News: There has been an increase in Jaggery Production and Processing in India due to government initiatives and rising demands. About Jaggery Production and Processing in India India is the world’s largest Jaggery producer. India accounts for over 70 per cent of global jaggery production. Nearly 20–30 per cent of the country’s sugarcane production is… Continue reading Jaggery Production and Processing in India
Greenshoe Option
News: The Food Corporation of India (FCI) is set to raise short-term debt of ₹50,000 crore from scheduled banks for a three-month tenure, with a green shoe option to mop up an additional ₹25,000 crore. About Greenshoe Option A green shoe option is a clause contained in the underwriting agreement of an IPO. This option… Continue reading Greenshoe Option
Kesar Mango
News: The famous saffron-coloured Kesar variety of mango has got global recognition as ‘Gir Kesar’ mango after being granted the Geographical Indication (GI) tag. About Kesar Mango It is a well-known variety of mango of Gujarat. Cultivation area: It is largely grown around the foothills of Girnar mountains, Junagadh district, Gujarat and some districts of… Continue reading Kesar Mango
Ginger
News: The Centre launched the ₹189.79-crore Mizoram Ginger Mission to promote GI-certified pharma-grade ginger through processing, branding and exports. About Ginger Ginger is an herbaceous perennial plant belonging to the Zingiberaceae family, which also includes turmeric and cardamom. Economic Part: The rhizome of ginger is the main economic part. Key Components: Gingerol: It is the… Continue reading Ginger
Advance Authorisation Scheme
News: Recently, the government has imposed a limit of 100 kg on gold imports under the Advance Authorisation Scheme. About Advance Authorisation Scheme The Advance Authorisation Scheme allows duty-free import of inputs, which are physically incorporated in an export product. In addition to any inputs, packaging material, fuel, oil, and catalyst that are consumed/utilized in… Continue reading Advance Authorisation Scheme
Withholding Tax
News: India’s foreign exchange reserves have fallen by nearly $38 billion since March due to capital outflows linked to the West Asia conflict. To attract overseas investments, the government is reportedly considering reducing the withholding tax rate from 20% to 5%. About Withholding Tax Withholding tax is paid by foreign investors on the interest they… Continue reading Withholding Tax
Pride of Hills: Special Development Assistance for Hill States Scheme
News: The Centre allocated ₹4,900 crore to Arunachal Pradesh under the newly launched “Pride of Hills” initiative for 2026-27. About Pride of Hills: Special Development Assistance for Hill States” Scheme “Pride of Hills: Special Development Assistance for Hill States” is a special initiative launched under the Special Assistance to States for Capital Investment (SASCI) framework… Continue reading Pride of Hills: Special Development Assistance for Hill States Scheme
IP Catalyst and Digital Platform
News: The Ministry of Electronics and Information Technology (MeitY) has launched the IP Catalyst initiative and its accompanying digital platform. About IP Catalyst and Digital Platform Launched by: The Ministry of Electronics and Information Technology (MeitY) has launched the IP Catalyst initiative and a digital platform to accelerate intellectual property commercialization and strengthen India’s innovation… Continue reading IP Catalyst and Digital Platform
Forum of Regulators (FOR)
News: The Forum of Regulators (FOR) conducted its 100th meeting at Bharat Mandapam, New Delhi, completing its 21-year journey. About Forum of Regulators (FOR) Introduction Forum of Regulators (FOR) is a statutory platform that coordinates and improves regulatory practices in the power sector. Establishment: It was constituted in 2005 as per the Electricity Act, 2003. Aim:… Continue reading Forum of Regulators (FOR)
