Source: The post is based on the article “Budget 2023: What are lab-grown diamonds, mentioned by FM” published in Indian Express on 3rd February 2023. Contents1 What is the News?2 What are Lab Grown Diamonds?3 What are LGDs used for?4 What are the steps announced in the Budget on Lab Grown Diamonds? What is the… Continue reading Budget 2023: What are lab-grown diamonds, mentioned by FM
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.
PAN to be used as common identifier for digital systems
Source: The post is based on the article “PAN to be used as common identifier for digital systems” published in The Hindu on 2nd February 2023. What is the News? The Finance Minister has said that the Permanent Account Number(PAN) would be used as a common identifier for all digital systems of specified government agencies.… Continue reading PAN to be used as common identifier for digital systems
Major thrust planned for green energy
Source: The post is based on the article “Major thrust planned for green energy” published in The Hindu on 2nd February 2023. What is the News? The Finance Minister has announced a slew of measures for “Green Growth” while presenting the Union Budget. What are the initiatives announced to promote Green Energy? “Green Growth” has… Continue reading Major thrust planned for green energy
Government to set up 100 5G labs to develop new apps
Source: The post is based on the article “Government to set up 100 5G labs to develop new apps” published in The Hindu on 2nd February 2023. Contents1 What is the News?2 What are the initiatives announced in the Budget in the technology sector?3 Artificial Intelligence4 National Data Governance policy What is the News? The Finance… Continue reading Government to set up 100 5G labs to develop new apps
Women get a one-time small savings scheme
Source: The post is based on the article “Women get a one-time small savings scheme” published in The Hindu on 2nd February 2023. What is the News? In the Union Budget 2023-24, the Finance Minister has announced a new small savings scheme for women called Mahila Samman Saving Certificate(MSSC). What is a Mahila Samman Saving… Continue reading Women get a one-time small savings scheme
What is the government’s new policy of UPI for NRIs?
Source: The post is based on the article “What is the government’s new policy of UPI for NRIs?” published in The Hindu on 2nd February 2023. What is the News? National Payments Corporation of India(NPCI) has paved the way for international (phone) numbers to be able to transact using UPI. Recently, the Union Cabinet approved an… Continue reading What is the government’s new policy of UPI for NRIs?
Budget 2023: PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities
Source: The post is based on the article “Budget 2023: PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities” published in The Hindu on 2nd February 2023. Contents1 What is the News?2 What is PM Awas Yojana(PMAY)?3 How much has been allocated to PMAY?4 What is Urban Infrastructure Development… Continue reading Budget 2023: PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities
New tax regime gives spending flexibility
Source: The post is based on the following articles “Zero tax for annual income up to ₹7 lakh under new scheme” published in The Hindu on 2nd February 2023. “‘New tax regime gives spending flexibility’” and “New tax regime is very attractive now” published in the Livemint on 2nd February 2023. “Tax rebate under the new regime, explained… Continue reading New tax regime gives spending flexibility
Survey calls for new mineral policy, extending coal usage
Source: The post is based on the article “Survey calls for new mineral policy, extending coal usage” published in Livemint on 1st February 2023. What is the News? According to the Economic Survey 2023, India needs a carefully crafted multi-dimensional mineral policy to address the issues posed by an uneven distribution of rare earth elements.… Continue reading Survey calls for new mineral policy, extending coal usage
Shipbuilding has the potential to strengthen the mission of ‘Aatmanirbhar Bharat’: Economic Survey
Source: The post is based on the article “Shipbuilding has the potential to strengthen the mission of ‘Aatmanirbhar Bharat’: Economic Survey” published in The Hindu on 1st February 2023. What is the News? According to the Economic Survey 2023, shipbuilding has one of the highest employment multipliers and is capable of generating mass employment in… Continue reading Shipbuilding has the potential to strengthen the mission of ‘Aatmanirbhar Bharat’: Economic Survey
