News: The Department of Financial Services (DFS) has launched India’s first sovereign-backed Protection and Indemnity insurance product under Bharat Maritime Insurance Pool (BMIP). About India’s First Protection and Indemnity (P&I) Insurance Product India’s first sovereign-backed Protection & Indemnity (P&I) insurance product has been launched to provide domestic P&I cover for Indian ships and vessels connected… Continue reading India’s First Protection and Indemnity (P&I) Insurance Product
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.
Telecom Manufacturing Zone
News: Department of Telecommunications Signs MoU with Government of Madhya Pradesh for Establishment of Telecom Manufacturing Zone (TMZ) in Gwalior. About Telecom Manufacturing Zone Location: The Department of Telecommunications (DoT) and the Government of Madhya Pradesh signed a Memorandum of Understanding (MoU) to establish India’s first integrated Telecom Manufacturing Zone (TMZ) in Gwalior, Madhya Pradesh.… Continue reading Telecom Manufacturing Zone
Kalpasar Project
News: During his Netherlands visit, PM Narendra Modi visited the Afsluitdijk dam, and India signed an LoI with the Netherlands for technical cooperation on the Kalpasar Project. About Kalpasar Project It is a multipurpose initiative aimed at providing water for irrigation and industrial and domestic use in the water-stressed Saurashtra region of Gujarat. It envisages… Continue reading Kalpasar Project
Koldam Hydro Power Project
News: The Koldam NTPC Hydroelectric Project generated over 3512 million units of power in 2025-26, the highest ever since the project was commissioned. About Koldam Hydro Power Project The Koldam Hydro Power Project is an 800 MW hydroelectric station located in the Bilaspur and Mandi districts of Himachal Pradesh, India. River associated: It is built… Continue reading Koldam Hydro Power Project
CBDT’s Crypto-Asset Reporting Guidance
News: The Central Board of Direct Taxes has released a guidance note on crypto-asset reporting obligations, aligning India’s tax reporting framework with the OECD framework. About CBDT’s Crypto-Asset Reporting Guidance Definition of crypto as per Indian law: India’s income tax law defines a “crypto-asset” as a digital representation of value that relies on a cryptographically… Continue reading CBDT’s Crypto-Asset Reporting Guidance
Unjha Jeera
News: Unjha Jeera from Gujarat has officially received the Geographical Indication (GI) tag. About Unjha Jeera It belongs to Unjha region, located in Mehsana district, Gujarat. It is home to one of Asia’s largest spice markets and serves as a major trading hub for cumin. Features: It is particularly known for its large seeds, stemless… Continue reading Unjha Jeera
Start-up Village Entrepreneurship Programme (SVEP)
News: As India’s start-up ecosystem expands, the government is promoting rural entrepreneurship through the Start-up Village Entrepreneurship Programme (SVEP). About Start-up Village Entrepreneurship Programme (SVEP) It is the sub-scheme under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) programme . Launched: It was launched in 2016. Nodal Ministry: Ministry of Rural Development Objective: The objective… Continue reading Start-up Village Entrepreneurship Programme (SVEP)
Portfolio Management Service (PMS)
News: SEBI has proposed a comprehensive review of the Portfolio Managers Regulations, 2020, to modernize Portfolio Management Services amid rapid industry growth. About Portfolio Management Service (PMS) Portfolio Management Service (PMS) is a professional investment service where a qualified portfolio manager manages a client’s investment portfolio. Registration: PMS providers must be registered under the SEBI (Portfolio… Continue reading Portfolio Management Service (PMS)
Key Highlights of National Family Health Survey (NFHS-6)
News: India recorded improvements in maternal and child health, while NFHS-6 reported a rise in lifestyle-related diseases among adults. Key Highlights of National Family Health Survey (NFHS-6) Released by: It is released by the International Institute for Population Sciences (IIPS), Mumbai. IIPS is the nodal agency designated by the Ministry of Health and Family Welfare… Continue reading Key Highlights of National Family Health Survey (NFHS-6)
BHAVYA Rasayan Scheme
News: The Union Cabinet has approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) scheme for the establishment of three dedicated chemical parks across the country. About BHAVYA Rasayan Scheme Full form: Bharat Audyogik Vikas Yojana Rasayan or BHAVYA – Rasayan Scheme Aim: The scheme is devised for the establishment of three dedicated chemical parks across… Continue reading BHAVYA Rasayan Scheme
