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)
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.
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
Tapti Basin Mega Recharge Project (TBMRP)
News: In a major step towards ensuring regional water security, the governments of Madhya Pradesh and Maharashtra signed a Memorandum of Understanding (MoU) on Saturday to collaboratively implement the Tapti Basin Mega Recharge Project. Tapti Basin Mega Recharge Project (TBMRP). About Tapti Basin Mega Recharge Project (TBMRP) TBMRP is a joint initiative between the Governments… Continue reading Tapti Basin Mega Recharge Project (TBMRP)
Coal Gasification Financial Incentive Scheme
News: The Ministry of Coal has signed the Coal Gasification Plant Development and Production Agreement (CGPDPA) with selected applicants under Category II of the Coal Gasification Financial Incentive Scheme. These include Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Coal Gasification Financial Incentive Scheme. About… Continue reading Coal Gasification Financial Incentive Scheme
Pass-Through Certificates (PTCs)
News: Pass-Through Certificates (PTCs) have become a highly innovative tool in structured finance, addressing liquidity challenges while offering investors diversified exposure to a pool of underlying assets. Pass-Through Certificates (PTCs). About Pass-Through Certificates (PTCs) These are debt instruments that allow investors to earn returns from a pool of underlying loans or receivables. These could include… Continue reading Pass-Through Certificates (PTCs)
Genome-Edited Rice Varieties
News: Union Agriculture and Farmers Welfare Minister has announced the development of two genome-edited rice varieties, marking a new beginning in the field of scientific research and innovation. Genome-Edited Rice Varieties. About Genome-Edited Rice Varieties Developed by: ICAR – Indian Agricultural Research Institute (IARI), New Delhi and the Indian Rice Research Institute (IRRI), Hyderabad They… Continue reading Genome-Edited Rice Varieties
Orange Economy
News: At the WAVES Summit in Mumbai, Prime Minister Narendra Modi spotlighted India’s booming orange economy and urged India’s youth to ride this creative wave. Orange Economy. About Orange Economy It is also known as the creative economy. It is a production model where goods and services have intellectual value because they are the product… Continue reading Orange Economy
Vizhinjam International Seaport
News- PM Narendra Modi will formally open the Vizhinjam International Seaport in Kerala on Friday (May 2, 2025), marking a major step in putting the southern state on the global maritime map. Vizhinjam International Seaport. About Vizhinjam International Seaport It is India’s first deepwater container transshipment port. Location: It is located in Vizhinjam, a coastal… Continue reading Vizhinjam International Seaport
Sunrise Sectors
News: India aims to double the share of manufacturing in GDP to 23% helped by sunrise sectors. About Sunrise Sectors It refers to industries that are relatively new, rapidly growing, and have significant potential to drive future economic growth, innovation, and employment. Features: High rates of expansion Technological advancement Ability to attract substantial investments and… Continue reading Sunrise Sectors
Tobacco
News-The Government has amended the Tobacco Board Rules, 1976, extending the registration validity for Virginia tobacco growers from 1 year to 3 years. About Tobacco Origin: Thought to have originated in South America. Agro-Climatic Requirements Temperature: Ideally between 20°C to 27°C Rainfall: Requires a minimum of 500 mm; not suitable above 1200 mm Soil: Prefers… Continue reading Tobacco
