News: Diu has become the first district in India to fulfill its entire electricity demand through solar energy, achieving a generation capacity of 11.88 MW. About PM–Surya Ghar: Muft Bijli Yojana PM Surya Ghar: Muft Bijli Yojana is the world’s largest domestic rooftop solar initiative. The scheme aims to provide free electricity to households by… Continue reading PM–Surya Ghar: Muft Bijli Yojana
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.
Battery Energy Storage Systems (BESS)
News: The Delhi power minister inaugurated a 20-MW battery energy storage system (BESS) at Kilokari, said to be the “largest” in South Asia. Battery Energy Storage Systems (BESS) About Battery Energy Storage Systems (BESS) Battery storage, or battery energy storage systems (BESS), are devices that enable energy from renewables, like solar and wind, to be… Continue reading Battery Energy Storage Systems (BESS)
Biostimulants
News: The Ministry of Agriculture and Farmers Welfare notifies 34 more biostimulants under the Fertiliser Control Order (FCO), increasing the total to over 45. Biostimulants About Biostimulants Biostimulants are biologically derived substances or microorganisms applied to plants or soil to enhance nutrient uptake, improve plant tolerance to abiotic (e.g., drought, salinity) and biotic (e.g., pests,… Continue reading Biostimulants
Dark Factory
News: Tata Sons Chairman N. Chandrasekaran, in the TCS Annual Report FY2025, highlighted a major shift in IT and business services toward autonomous operations, driven by AI agents and robots enabling ‘dark factories’. About Dark Factory A Dark Factory (also known as Lights-Out Manufacturing) refers to a fully automated production facility. These factories operate without… Continue reading Dark Factory
Honey Production in India
News: Prime Minister Narendra Modi has emphasized the transformative journey of India’s honey industry over the past decade. Honey Production in India Honey Production in India India is currently producing about 1,46,000 metric tonnes (MTs) of honey as per the 3rd-advance estimate of honey (2023-24). The country has exported natural honey to the world during… Continue reading Honey Production in India
Debt Recovery Tribunals (DRTs)
News: Recently, the Department of Financial Services (DFS), under the Ministry of Finance, convened a colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) at New Delhi. Debt Recovery Tribunals (DRTs) About Debt Recovery Tribunals (DRTs) Debt Recovery Tribunals (DRTs) are special courts established by the Government… Continue reading Debt Recovery Tribunals (DRTs)
RBI Dividend
News: The Reserve Bank of India (RBI) recorded a historic surplus of ₹2.69 lakh crore for the financial year 2024-25, the highest ever dividend payout to the central government. RBI Dividend About RBI Dividend The RBI dividend refers to the annual surplus or profit that the Reserve Bank of India (RBI) transfers to the Central… Continue reading RBI Dividend
Dual Taxation on Broadcasting Services
News: The Supreme Court has held in a judgment that broadcasting through television for the purpose of entertainment of subscribers can be separately taxed by the Centre and the State concerned. Dual Taxation on Broadcasting Services About Dual Taxation on Broadcasting Services In a recent Judgment, the Supreme Court of India has clarified that the… Continue reading Dual Taxation on Broadcasting Services
Financial Fraud Risk Indicator (FRI)
News: The The Telecom Department introduces ‘Financial Fraud Risk Indicator’ to fight cyber fraud. Financial Fraud Risk Indicator (FRI) About Financial Fraud Risk Indicator (FRI) It is a multi- dimensional analytical tool to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This initiative aims to bolster cyber protection by identifying mobile numbers… Continue reading Financial Fraud Risk Indicator (FRI)
Treasury Bills
News: India has renewed a USD 50 million Treasury Bill for the Maldives through the State Bank of India (SBI), extending financial assistance for another year. Treasury Bills About Treasury Bills Treasury Bills (T-Bills) are short-term debt instruments issued by the Reserve Bank of India (RBI) on behalf of the Government of India (GOI). They… Continue reading Treasury Bills
