News: Four traditional crops of Madhya Pradesh have received the Geographical Indication (GI) Tag, providing legal recognition to their authenticity, quality, and traditional agricultural heritage. About New GI Tag Crops of Madhya Pradesh Four traditional crops of Madhya Pradesh have received the Geographical Indication (GI) Tag. They are Sitahi Kutki (Sitahi Minor Millet), Nagdaman Kutki (Nagdaman… Continue reading New GI Tag Crops of Madhya Pradesh
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.
Hub-and-Spoke Aviation Model
News: India launched its first ‘Easy Connect’ flight under the Hub-and-Spoke Aviation Model from Varanasi to New Delhi. About Hub-and-Spoke Aviation Model Hub-and-Spoke Aviation Model is an aviation model that connects smaller airports, called spokes, with major airports, called hubs, to enable seamless international travel. The Spokes: The spoke airports serve as the starting point of the… Continue reading Hub-and-Spoke Aviation Model
RBI’s New Fraud Compensation Mechanism
News: The Reserve Bank of India introduced a revised fraud compensation mechanism for small-value digital payment frauds, effective from January 1, 2027. About RBI’s New Fraud Compensation Mechanism RBI’s New Fraud Compensation Mechanism is a revised framework that provides compensation to eligible victims of fraudulent electronic banking transactions involving losses up to ₹50,000. The new framework builds… Continue reading RBI’s New Fraud Compensation Mechanism
Totapuri Mangoes
News: The Centre approved financial assistance for Karnataka’s Totapuri mango growers under the Market Intervention Scheme due to falling prices and adverse weather. About Totapuri Mangoes Totapuri is an indigenous South Indian mango variety that is widely valued for its juice and pulp. Alternative Names: It is also known as Ginimoothi, Sandersha and Banglora. Cultivated in:… Continue reading Totapuri Mangoes
Banganapalle Mangoes
News: Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully facilitated the first commercial sea shipment of premium Banganapalle mangoes from India to Singapore. About Banganapalle Mangoes Banganapalle Mangoes are a famous variety of mango primarily cultivated in the Indian states of Andhra Pradesh and Telangana. It is also grown in the other… Continue reading Banganapalle Mangoes
Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM)
News: The Ministry of Heavy Industries (MHI), Government of India, has extended timelines for global tender under REPM scheme as a response to demand for same by multiple stakeholders. About Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) It is a first-of-its-kind national initiative to build a complete domestic supply chain from rare earth oxides to finished… Continue reading Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM)
BHARATI Initiative
News: The Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully concluded first cohort of BHARATI Initiative. About BHARATI Initiative BHARATI stands for – Bharat’s Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement. Launched by: Agricultural and Processed Food Products Export Development Authority (APEDA) under Ministry of Commerce & Industry Aim: This initiative aims… Continue reading BHARATI Initiative
Youth Co-Lab National Innovation Challenge 2026
News: Six youth-led startups from across the country won the 8th edition of the Youth Co-Lab National Innovation Challenge 2026. About Youth Co-Lab National Innovation Challenge 2026 Six youth-led startups from across the country won the 8th edition of the Youth Co-Lab National Innovation Challenge 2026. Led by: The initiative is jointly led by the United… Continue reading Youth Co-Lab National Innovation Challenge 2026
Index of Services Production (ISP)
News: The Ministry of Statistics and Programme Implementation (MoSPI) is set to launch the Index of Services Production (ISP) in July 2026. About Index of Services Production (ISP) The Index of Services Production (ISP) aims to monitor the progress of the services sector. Proposed by: It is proposed by the Ministry of Statistics and Programme Implementation (MoSPI). The proposed approach has… Continue reading Index of Services Production (ISP)
NAFEX.in Portal
News: Nafed will launch its own e-auction portal, NAFEX.in, to sell oilseeds and pulses, enhancing transparency and efficiency in agricultural commodity auctions. About NAFEX.in Portal NAFEX.in is a digital auction portal to strengthen transparency, efficiency and technology-driven reforms in the cooperative sector. Launched by: It has been launched by the National Agricultural Cooperative Marketing Federation (Nafed). Developed… Continue reading NAFEX.in Portal
