News: India signed an exploration contract with the Jamaica-based ISA in Delhi on September 15, 2025, the first licence to explore polymetallic sulphur nodules in the Carlsberg Ridge. About Carlsberg Ridge It is a mid-oceanic ridge (a divergent plate boundary) in the Indian Ocean, specifically in the Arabian Sea and the northwest Indian Ocean. The… Continue reading Carlsberg Ridge
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.
Pink Tax
News: Rising awareness highlights Pink Tax in India, where women often pay more for similar products and services like razors, shampoos, and haircuts, silently eroding household savings and demanding fair pricing. About Pink Tax Pink Tax is not a government levy but a gender-based pricing phenomenon where women’s products or services cost more than men’s… Continue reading Pink Tax
Defence Procurement Manual 2025
News: Raksha Mantri Rajnath Singh approved the Defence Procurement Manual (DPM) 2025 to streamline defence revenue procurement, boost Aatmanirbharta, and enhance preparedness through simplified, transparent processes ensuring timely availability of resources. About Defence Procurement Manual 2025 The Defence Procurement Manual (DPM) 2025 replaces the 2009 version to align with modern warfare and public procurement norms.… Continue reading Defence Procurement Manual 2025
SWAGAT-FI
News: SEBI announced a proposal to introduce the Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework for FPIs and FVCI (Foreign venture Capital Investor). About SWAGAT-FI SWAGAT-FI is a single-window, unified access mechanism for select low-risk foreign investors. Full form: Single Window Automatic & Generalised Access for Trusted Foreign Investors Aim:… Continue reading SWAGAT-FI
All-India Debt and Investment Survey (AIDIS) and the Situation Assessment Survey (SAS) of Agricultural Households
News: The NSO to conduct the All-India Debt and Investment Survey (AIDIS) and the Situation Assessment Survey (SAS) of Agricultural Households from July 2026 to June 2027. All-India Debt and Investment Survey (AIDIS) and the Situation Assessment Survey (SAS) of Agricultural Households About All-India Debt and Investment Survey (AIDIS) Conducting agency: The National Statistics Office… Continue reading All-India Debt and Investment Survey (AIDIS) and the Situation Assessment Survey (SAS) of Agricultural Households
Account Aggregator
News: The government announced that 11 crore users had linked financial information as of September 5, 2025, enabling secure, consent-based data sharing across institutions. About Account Aggregator An Account Aggregator (AA) is an RBI-regulated NBFC-AA. It enables secure, real-time, consent-based sharing of financial information between institutions. It acts as an intermediary between Financial Information Providers… Continue reading Account Aggregator
Environment Auditors
News: The Environment Audit Rules, 2025, establish a new independent class of environment auditors to complement State Pollution Control Boards. About Environment Auditors What they are: A newly instituted group of certified specialists or accredited entities responsible for inspection, verification, and auditing of projects against environmental laws and sustainability benchmarks. Legal basis: Established under the… Continue reading Environment Auditors
Goods and Services Tax (GST) 2.0
News: The 56th GST Council has recommended changes in GST tax rates on goods and services, from 22 September 2025. About Goods and Services Tax (GST) 2.0 Goods and Services Tax is a comprehensive, multi-stage, destination-based indirect tax on goods and services. Purpose: Its primary purpose is to achieve “One Nation, One Tax” by reducing… Continue reading Goods and Services Tax (GST) 2.0
BHARATI Initiative
News: The APEDA launched its new initiative BHARATI on the sidelines of the “Food & Beverages Sector Stakeholders Meeting” chaired by Union Minister of Commerce and Industry. About BHARATI Initiative BHARATI stands for – Bharat’s Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement. Launched by: Agricultural and Processed Food Products Export Development Authority… Continue reading BHARATI Initiative
Bairabi–Sairang Railway Line
News: Mizoram will soon be connected to the national railway network through new Bairabi–Sairang Railway Line. About Bairabi–Sairang Railway Line The Bairabi–Sairang broad-gauge railway line is 51.38 km long. The line will connect Mizoram to the national railway network for the first time. It terminates at Sairang, which is located about 20 km from Aizawl,… Continue reading Bairabi–Sairang Railway Line
