News- The government has proposed the abolition of the 6% Equalisation Levy on online advertising in the Finance Bill 2025. This move will benefit advertisers on digital platforms like Google, X and Meta. About Equalisation Levy The Equalisation Levy was introduced in India through the Finance Act, 2016, to tax digital transactions—specifically, income earned by… Continue reading Equalisation Levy
Category: Daily Factly articles
BHIM 3.0
News- NPCI BHIM Services Ltd. (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), introduced BHIM 3.0. About BHIM (Bharat Interface for Money) It is Unified Payments Interface(UPI) based payment interface application that allows real time fund transfer. It was launched in 2016. Developer: National Payments Corporation of India (NPCI) Purpose: To promote… Continue reading BHIM 3.0
Vikramshila University
News– The government is planning the revival of another ancient center of learning in Bihar—Vikramshila University. About Vikramshila University Location:- It was located in Bhagalpur, Bihar, along the banks of the Ganges River. Founder: It was established by King Dharmapala of the Pala Dynasty in the late 8th to early 9th century AD. It was… Continue reading Vikramshila University
Black Sea
News- US and Russian officials are in Saudi Arabia and holding talks on Ukraine War and Black Sea Ceasefire. The Black Sea ceasefire agreement aims to restore free navigation for shipping. About Black Sea Location– It is a marginal sea of the Atlantic Ocean lying between Europe and Asia. Bordering region: West: The Balkan Peninsula… Continue reading Black Sea
BAANKNET Portal
News- The government launched the upgraded BAANKNET portal to improve transparency, efficiency, and value realization in PSU banks’ e-auctions of non-performing assets. About BAANKNET portal It is an advanced e-auction portal designed for Public Sector Banks (PSBs) and financial institutions to auction properties for recovering Non-Performing Asset (NPA) loans. Nodal Ministry: Launched under the Ministry… Continue reading BAANKNET Portal
Farakka Barrage
News- Farakka Barrage began operations in 1975, marking its 50th anniversary in 2025. About Farakka Barrage Location: Built on the Ganga River in Murshidabad district, West Bengal, about 18 km from the Bangladesh border. Commissioning: The project construction commenced in 1961 and it became operational on April 21, 1975. Purpose: It diverts 40,000 cusecs of… Continue reading Farakka Barrage
Exercise AIKEYME
News– India is set to enhance its military and maritime cooperation with African nations through two key initiatives—Exercise AIKEYME (Africa-India Key Maritime Engagement) and IOS Sagar (Indian Ocean Ship Sagar). About Exercise AIKEYME Aikeyme marks India’s first-ever multilateral naval exercise with 10 African nations.It focuses on strengthening maritime collaboration, bolstering maritime security, and tackling regional… Continue reading Exercise AIKEYME
Commission on Genetic Resources for Food and Agriculture (CGRFA)
News– The 20th meeting of the Commission on Genetic Resources for Food and Agriculture (CGRFA-20) is presently taking place in Rome. About Commission on Genetic Resources for Food and Agriculture It is the only permanent intergovernmental body that addresses the components of biological diversity for food and agriculture. It operates under the Food and Agriculture… Continue reading Commission on Genetic Resources for Food and Agriculture (CGRFA)
Anthurium Flowers
News– India successfully exported Anthurium flowers from Mizoram to Singapore for the first time. About Anthurium It is a tropical flowering plant valued for its ornamental appeal and air-purifying properties. Grown mostly indoors, it helps remove toxins like formaldehyde, ammonia, toluene, xylene, and allergens from the air. It is included in NASA’s list of air-purifying… Continue reading Anthurium Flowers
United Nations World Water Development Report (WWDR) 2025
News– The 2025 UN world water development report says that Retreating glaciers threaten the food and water supply of 2 billion people around the world. About United Nations World Water Development Report (WWDR) It is UN-Water’s flagship report on water and sanitation issues. It provides a comprehensive assessment of global freshwater resources, usage, and management.… Continue reading United Nations World Water Development Report (WWDR) 2025
