Source: The post is based on the article “GI Tag for Alibaug’s White Onion brings cheer to farmers” published in Hindu Business Line on 26th July 2022. What is the News? The White Onion of Alibaug in Maharashtra’s Raigad district has received a ‘Geographical Indication’, giving it a unique identity and wider markets. What is… Continue reading GI Tag for Alibaug’s White Onion brings cheer to 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.
Cabinet approves revival package of BSNL amounting to Rs 1.64 Lakh Cr.
Source: The post is based on the article “Cabinet approves revival package of BSNL amounting to Rs 1.64 Lakh Cr.” published in PIB on 27th July 2022. Contents1 What is the News?2 What are the key aspects of BSNL’s revival package? 3 Upgrading BSNL Services4 De-stressing the BSNL balance sheet5 Augmenting BSNL Fiber Network What is… Continue reading Cabinet approves revival package of BSNL amounting to Rs 1.64 Lakh Cr.
Blue Economic Policy
Source: The post is based on the article “Blue Economic Policy” published in PIB on 27th July 2022. Contents1 What is the News?2 What is the Blue Economy?3 How significant is India’s Blue Economy?4 What is the purpose of the Draft Blue Economic Policy? What is the News? The Ministry of Earth Sciences is finalizing… Continue reading Blue Economic Policy
India seen overtaking China as biggest importer of seaborne Russian crude
Source: The post is based on the article “India seen overtaking China as biggest importer of seaborne Russian crude” published in Business Standard on 27th July 2022. What is the News? India is understood to have overtaken China as the top destination for seaborne Russian crude oil this month. This is the first time Indian imports… Continue reading India seen overtaking China as biggest importer of seaborne Russian crude
Digital Banks and the promise of digital inclusion
Source: The post is based on the article “Digital Banks and the promise of digital inclusion” published in Livemint on 26th July 2022. Contents1 What is the News?2 What are the planned digital banks? 3 How are digital banks different from digital banking units? 4 What purpose will digital banks serve? 5 What does NITI Aayog suggest for… Continue reading Digital Banks and the promise of digital inclusion
NDDB MRIDA Limited: Union Minister launches NDDB’s subsidiary for manure management
Source: The post is based on the article “Union Minister launches NDDB’s subsidiary for manure management” published in PIB on 25th July 2022. What is the News? The Union Minister of Fisheries, Animal Husbandry and Dairying has launched NDDB MRIDA Limited. What is NDDB MRIDA Limited? NDDB MRIDA Limited is a wholly-owned subsidiary company of… Continue reading NDDB MRIDA Limited: Union Minister launches NDDB’s subsidiary for manure management
Explained: Making use of forex reserves
Source: The post is based on the article “Explained: Making use of forex reserves” published in Indian Express on 25th July 2022. What is the News? From a peak of $642.45 billion in 2021, India’s foreign exchange reserves have dipped to $572.71 billion as of July 2022. That’s a fall of almost $70 billion in… Continue reading Explained: Making use of forex reserves
Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to
Source: The post is based on the article “Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to” published in Indian Express on 23rd July 2022. Contents1 What is the News?2 What has been the process to initiate Corporate Insolvency Resolution Process(CIRP) so far?3 What has changed… Continue reading Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to
Explained: Why India has cut windfall tax on diesel, aviation fuel exports
Source: The post is based on the article “Explained: Why India has cut windfall tax on diesel, aviation fuel exports” published in Indian Express on 20th July 2022. Contents1 What is the News?2 What is the Windfall Tax?3 What was the windfall tax imposed by the Government?4 Why is the Windfall Tax now withdrawn? What… Continue reading Explained: Why India has cut windfall tax on diesel, aviation fuel exports
Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
Source: The post is based on the article “Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India” published in PIB on 21st July 2022. What is the News? Jawaharlal Nehru Port(JNP) has become the first major landlord port in India following the awarding of a private tender to expand Jawaharlal Nehru Port Container… Continue reading Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
