News: The Government of India has approved the Tex-RAMPS scheme to boost innovation and competitiveness in the textiles sector. About Tex-RAMPS Scheme Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme is for future-proofing India’s textiles and apparel ecosystem. Type of Scheme: It is a Central Sector Scheme. Ministry involved: It is fully funded and… Continue reading Tex-RAMPS Scheme
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.
Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM)
News: The Union Cabinet approved the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets with a financial outlay of Rs. 7,280 crore. About Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) It is a first-of-its-kind national initiative to build a complete domestic supply chain from rare earth oxides to finished… Continue reading Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM)
NUDGE Initiative
News: The Central Board of Direct Taxes (CBDT) is launching the second NUDGE Initiative based on its analysis of Automatic Exchange of Information (AEOI) data for FY 2024–25. About NUDGE Initiative Full form: “Non-intrusive Usage of Data to Guide and Enable (NUDGE)” initiative Implementing agency: Central Board of Direct Taxes (CBDT) Nodal Ministry: Ministry of… Continue reading NUDGE Initiative
SARAL SIMS
News– The Ministry of Steel launched the SARAL Steel Import Monitoring System (SIMS) portal for simplified import registration. About SARAL SIMS Purpose & Coverage- SARAL SIMS streamlines SIMS registration for small steel imports and for exports-related procurement under Advance Authorisation, Special Economic Zone (SEZ), and Export Oriented Unit (EOU) schemes. Applicability- It covers iron and… Continue reading SARAL SIMS
Trade Intelligence and Analytics (TIA) Portal
News: Union Minister of Commerce and Industry launched the Trade Intelligence & Analytics (TIA) Portal in New Delhi. About Trade Intelligence and Analytics (TIA) Portal Launched by: The Trade Intelligence & Analytics (TIA) Portal was launched by Minister of Commerce and Industry Aim: The portal aims to make trade data more transparent, accessible, and useful… Continue reading Trade Intelligence and Analytics (TIA) Portal
RBI’s ‘Alert List’ of Unauthorised Forex Trading Platforms
News: The Reserve Bank of India has added seven entities/platforms/websites, including Starnet FX, CapPlace, Mirrox to its ‘Alert List’ of unauthorised Forex Trading platform. About RBI’s ‘Alert List’ of Unauthorised Forex Trading Platforms The Reserve Bank of India (RBI) maintains a forex alert list to warn the public about unauthorized online platforms that offer illegal… Continue reading RBI’s ‘Alert List’ of Unauthorised Forex Trading Platforms
Revised Insurance Framework of Pradhan Mantri Fasal Bima Yojana (PMFBY)
News: The Ministry of Agriculture and Farmers Welfare announced revised PMFBY cover for wild animal attacks and paddy inundation from Kharif 2026. About Revised Insurance Framework of Pradhan Mantri Fasal Bima Yojana (PMFBY) The revised framework expands crop insurance to cover localised damage from wild animal attacks and paddy inundation. The modalities follow PMFBY Operational… Continue reading Revised Insurance Framework of Pradhan Mantri Fasal Bima Yojana (PMFBY)
YUVA AI for ALL Initiative
News: Under the IndiaAI Mission, MeitY has introduced ‘YUVA AI for ALL’ initiative, a free course aimed at familiarising Indians particularly the youth with AI. About YUVA AI for ALL Initiative It is free national AI course called ‘YUVA AI for ALL’ under the IndiaAI Mission. Launched by: Ministry of Electronics and Information Technology (MeitY) Aim:… Continue reading YUVA AI for ALL Initiative
New National Industrial Classification (NIC) 2025
News: Recently, MoSPI unveiled the new National Industrial Classification (NIC) 2025 during the 75th NSS anniversary and World Statistics Day in Udaipur. About New National Industrial Classification (NIC) 2025 The National Industrial Classification (NIC) 2025 is a six-digit system for classifying all economic activities in India, replacing NIC 2008 five-digit system. Launched by: Ministry of Statistics… Continue reading New National Industrial Classification (NIC) 2025
Ambaji Marble
News: Recently, Ambaji Marble has officially received a Geographical Indication (GI) Tag. About Ambaji Marble Ambaji Marble is sourced from the Banaskantha district in north Gujarat. Unique Characteristics: Ambaji Marble is known for its milky-white color, durability, and natural beauty. It has been used in the Dilwara Jain Temple in Mount Abu (constructed around 1,200-1,500… Continue reading Ambaji Marble
