News: The Reserve Bank of India barred banks from NDD contracts in rupee to curb misuse, stabilize currency, and improve transparency. About Non-Deliverable Derivative (NDD) Market An NDD is a derivative contract where parties agree on a future rupee exchange rate but settle differences in cash, usually in US dollars. Mechanism Agreement on Exchange Rate:… Continue reading Non-Deliverable Derivative (NDD) Market
Category: Daily Factly articles
Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
News: The Ministry of Textiles has extended the Rebate of State and Central Taxes and Levies Scheme (RoSCTL) for apparel exports and continued the Remission of Duties and Taxes on Exported Products Scheme (RoDTEP) till 30 September 2026. About Rebate of State and Central Taxes and Levies (RoSCTL) Scheme It is a scheme to rebate… Continue reading Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
Indian Softshell/Gangetic Softshell Turtles
News: Police rescued 16 Indian Softshell turtles from a smuggler in Jharcha, Greater Noida, during a routine check, exposing illegal wildlife trade. About Indian Softshell/Gangetic Softshell Turtles The Indian softshell turtle (Nilssonia gangetica) is a freshwater turtle species found in South Asia. Habitat: It lives in rivers, canals, ponds, and freshwater systems. Distribution: The species… Continue reading Indian Softshell/Gangetic Softshell Turtles
Dudhwa Tiger Reserve
News: The Opposition criticized the Uttar Pradesh government after a tigress died after being hit by a train in Dudhwa buffer zone. About Dudhwa Tiger Reserve Location: It is located on the Indo-Nepal border in Lakhimpur-Kheri district of Uttar Pradesh in the Terai region. Establishment: It was established as a Tiger Reserve in 1988 under… Continue reading Dudhwa Tiger Reserve
Chambal River
News: The Supreme Court of India stayed a Rajasthan notification altering the boundaries of the National Chambal Gharial Sanctuary that freed 732 hectares along the Chambal River. About Chambal River Origin: It is a perennial river which originates from Janapav hills, situated south of Mhow town near Indore, along the southern slopes of the Vindhya… Continue reading Chambal River
Section 126 (1) (b) of Representation of the People Act, 1951
News: The Election Commission announced the silence period under Section 126 (1) (b) of the Representation of the People Act, 1951. About Section 126 (1) (b) of Representation of the People Act, 1951 It prohibits displaying any election matter by means, inter alia, of television or similar apparatus, in any polling area during the period… Continue reading Section 126 (1) (b) of Representation of the People Act, 1951
Molucca Sea
News: A magnitude 7.6 earthquake struck Indonesia’s Northern Molucca Sea, causing damage, one death, tsunami waves, and multiple aftershocks. About Molucca Sea Location: The Molucca Sea is a water body located in the western Pacific Ocean, within the Indonesian archipelago. Boundaries: It is bounded by Sulawesi (Celebes) to the west, Halmahera to the east, the… Continue reading Molucca Sea
TAK-003 Dengue Vaccine
News: TAK-003 dengue vaccine received clearance from Subject Expert Committee under Drugs Controller General of India for individuals aged 4 to 60 years. About TAK-003 Dengue Vaccine TAK-003 (commonly known as ‘Qdenga‘) is a tetravalent dengue vaccine designed to protect against all four dengue virus serotypes 1, 2, 3, and 4. Developed by: The vaccine… Continue reading TAK-003 Dengue Vaccine
Maternal Mortality
News: A recent Lancet study highlights slowing progress in reducing Maternal Mortality Ratio and challenges in achieving the SDG 2030 target. About Maternal Mortality Maternal Mortality Ratio: It refers to the number of maternal deaths per 100,000 live births in a given time period. India aims to reduce Maternal Mortality Ratio to below 70 deaths… Continue reading Maternal Mortality
Samrat Samprati
News: On Mahavir Jayanti, Prime Minister Narendra Modi inaugurated the Samrat Samprati Museum, dedicated to Jain history and Samprati’s legacy. About Samrat Samprati Samrat Samprati was a Mauryan ruler. He was the son of Kunala and the grandson of Ashoka. Title: He was also known as Indrapalit, Sangat and Vigatashok. Reign: His reign is believed… Continue reading Samrat Samprati
