News: The Department of Telecommunications has recently directed major app-based communication services to implement SIM binding to curb cyber-frauds and misuse. About SIM Binding SIM binding is a security process that links a user’s messaging or communication app to the specific SIM card used during registration. Authorized under: The Department of Telecommunications (DoT) has issued… Continue reading SIM Binding
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.
Global Call for Abstracts on Gender-Transformative AI Solutions
News: MeitY and UN Women India have opened a global submission process to document gender-responsive AI solutions for women and girls. About Global Call for Abstracts on Gender-Transformative AI Solutions It is a global invitation to submit abstracts of real, implemented AI solutions that advance gender equality for women and girls, especially across the Global… Continue reading Global Call for Abstracts on Gender-Transformative AI Solutions
WorldSkills Asia Competition (WSAC) 2025
News: India has achieved an impressive 8th-place finish in its debut participation at the WorldSkills Asia Competition (WSAC) 2025. About WorldSkills Asia Competition (WSAC) 2025 WSAC 2025 was the third edition of the prestigious continental skills competition. Participation: It brought together 500+ young competitors representing 29 Asian member and guest nations. The competition featured 44… Continue reading WorldSkills Asia Competition (WSAC) 2025
Pilot Trainer Aircraft “Hansa-3(NG)”
News: India has launched its first indigenous pilot trainer aircraft, Hansa-3(NG), marking the country’s march towards self-reliant aerospace manufacturing. About Pilot Trainer Aircraft “Hansa-3(NG)” It is India’s first indigenous trainer aircraft developed for pilot training. Developed by: It is designed and developed by CSIR–National Aerospace Laboratories (NAL), Bengaluru, under the Council of Scientific and Industrial… Continue reading Pilot Trainer Aircraft “Hansa-3(NG)”
Tex-RAMPS Scheme
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
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
