News: The government has notified Startup India Fund of Funds 2.0 with ₹10,000 crore corpus to mobilise capital and strengthen the startup ecosystem. About Startup India Fund of Funds 2.0 It is a government-backed fund with ₹10,000 crore corpus to mobilize venture and growth capital for startups. Ministry: It is under the Ministry of Commerce… Continue reading Startup India Fund of Funds 2.0
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.
Punatsangchhu-II Hydroelectric Project (PHEP-II)
News: India and Bhutan strengthened hydropower cooperation during the visit, with signing of tariff protocol of Punatsangchhu-II Hydroelectric Project (1020 MW). About Punatsangchhu-II Hydroelectric Project (PHEP-II) It is a 1020 MW run-of-the-river hydroelectric power project in Bhutan. Developed by: It is developed by the Punatsangchhu II Hydroelectric Project Authority under an Inter-Government Agreement between Bhutan… Continue reading Punatsangchhu-II Hydroelectric Project (PHEP-II)
Trade Receivables Discounting System (TReDS)
News: Recently, Reserve Bank of India proposed removing due diligence for MSMEs onboarding on TReDS to promote ease of doing business. About Trade Receivables Discounting System (TReDS) It is an electronic platform that facilitates financing or discounting of MSME trade receivables through multiple financiers. Launched by: It was launched by the Reserve Bank of India.… Continue reading Trade Receivables Discounting System (TReDS)
Operation Dhahabu Blitz
News: DRI Mumbai busts gold smuggling syndicate in Op Dhahabu Blitz; seizing approx. 30 kg gold worth ₹38 crore. About Operation Dhahabu Blitz It is an enforcement operation carried out to crack down on gold smuggling networks into India. Naming: Gold is called ‘Dhahabu’ in Swahili language. Organized by: Directorate of Revenue Intelligence (DRI) Aim:… Continue reading Operation Dhahabu Blitz
RBI Revises Banking Correspondent Classification
News: The Reserve Bank of India proposed restructuring of Business Correspondent framework with new classification, governance norms, and remuneration standards, inviting comments. About RBI Revises Banking Correspondent Classification It introduces a structured framework with defined delivery points, governance norms, and remuneration standards to improve efficiency and oversight. Business Correspondents (BCs): Business Correspondents are individuals or… Continue reading RBI Revises Banking Correspondent Classification
Credit Default Swaps (CDS)
News: RBI kept FPI investment limits unchanged and fixed CDS sale limit at 5% of outstanding corporate bonds for 2026-27. About Credit Default Swaps (CDS) Credit Default Swaps (CDS) is a financial derivative that allows investors to transfer or offset credit risk of a debt instrument. Key Components of a CDS: Parties: CDS involves a… Continue reading Credit Default Swaps (CDS)
Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)
News: The Production Linked Incentive (PLI) Scheme for Food Processing Industry (PLISFPI) was launched recently to strengthen India’s food processing sector. About Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) It is a government scheme to modernize and enhance competitiveness of the food processing industry. Nodal Ministry: It has been launched by the Ministry of… Continue reading Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)
About First ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE)
News: The National Statistics Office launched the first-ever ASISSE from April 2026 to build a comprehensive database of the services sector. About Annual Survey of Incorporated Services Sector Enterprises (ASISSE) It is a nationwide survey to generate reliable data on incorporated services sector enterprises. Launched by: It is launched by the National Statistics Office (NSO)… Continue reading About First ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE)
BioNEST
News: Union Minister for Science and Technology inaugurated the BIRAC-BioNEST Incubation Centre at “Central Food Technology & Research Institute” (CFTRI). About BioNEST BioNEST (Bioincubators Nurturing Entrepreneurship for Scaling Technologies) is a dedicated scheme to create globally competent bio-incubation facilities across the country. Launched by: It was launched by the Biotechnology Industry Research Assistance Council (BIRAC). … Continue reading BioNEST
Ad Valorem Duty
News: U.S.A recently announced a 100% Ad Valorem Duty on the import of patented pharmaceuticals and associated ingredients from 31st July 2026. About Ad Valorem Duty Ad valorem duty is a tax imposed depending on the monetary value of an item or property. How it is levied: It is levied as a percentage of the assessed value… Continue reading Ad Valorem Duty
