News: Growing concerns over AI-created online storefronts and unverified sellers have brought renewed attention to drop shipping practices. About Drop Shipping Drop shipping is a retail model where sellers accept customer orders without storing the products they sell. Working Mechanism: Business Arrangement: The seller enters into an agreement with a wholesaler, manufacturer, or another retailer… Continue reading Drop Shipping
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.
BRICS Indore Declaration
News: The BRICS Agriculture Ministers’ meeting held in Indore concluded with the unanimous adoption of the BRICS Indore Declaration. About BRICS Indore Declaration Aspects Description About BRICS Indore Declaration is a Farmer-Centric Global Charter adopted by BRICS member countries during the 2026 Agriculture Ministers’ Meeting in Indore, Madhya Pradesh. Aim It aims at strengthening food… Continue reading BRICS Indore Declaration
Memflation
News: Memflation has gained attention because rising memory chip prices are increasing the prices of electronic goods and adding pressure on retail inflation. About Memflation Memflation (a combination of “memory” and “inflation”) refers to the rapid and structural rise in the prices of semiconductor memory chips, such as DRAM (Dynamic Random-Access Memory) and NAND flash… Continue reading Memflation
Oilseeds Kisaan Mitra
News: India’s First Nationwide WhatsApp AI Advisory, ‘Oilseeds Kisaan Mitra,’ has been launched for Oilseed Farmers. About Oilseeds Kisaan Mitra Oilseeds Kisaan Mitra is India’s first nationwide WhatsApp AI advisory for oilseed farmers. Developed by: It has been developed by ICAR-Indian Institute of Oilseeds Research (ICAR-IIOR), Hyderabad. Its knowledge base has been built collaboratively with… Continue reading Oilseeds Kisaan Mitra
Land Port Management System (VINIMAY)
News: Union Home Minister launched the Land Port Management System (LPMS) ‘Vinimay,’ to modernise operations across India’s land ports. About Land Port Management System (VINIMAY) Land Port Management System (LPMS), Vinimay, is a unified digital platform that integrates operations across India’s land ports. Developed by: It has been developed by the Land Ports Authority of… Continue reading Land Port Management System (VINIMAY)
Tezpur Litchi
News: APEDA facilitated the first export consignment of GI-tagged Tezpur litchi from Assam to Dubai on 7 June 2026. About Tezpur Litchi Location Tezpur litchi is mainly grown in the Sonitpur district of Assam. Other major varieties cultivated in the region include Bombaya, Bilati, Elaichi, Piyaji, and Sahi. Key Characteristics Appearance: It is known for… Continue reading Tezpur Litchi
SAPLING Dialogue and Initiative
News: The Ministry of Food Processing Industries (MoFPI), in collaboration with the World Bank Group-led SAPLING initiative, inaugurated the SAPLING Dialogue. About SAPLING Dialogue Aspects Details About Held at: The SAPLING Regional High-Level Policy Dialogue was held in Ahmedabad, Gujarat. Title: “Unlocking Value: Advancing Food Processing for Employment Generation and Sustainable Growth in South Asia”. Objective:… Continue reading SAPLING Dialogue and Initiative
Imidazolinone-resistant (IMI-resistant) Mustard Hybrids
News: India will begin wide-scale cultivation of IMI-resistant mustard hybrids in the 2026-27 rabi season to tackle Orobanche infestation. About Imidazolinone-resistant (IMI-resistant) Mustard Hybrids IMI-resistant mustard hybrids are mustard varieties developed through mutation breeding to control the parasitic weed Orobanche (also known as Phelipanche). Objective: The objective is to protect mustard yields from Orobanche and support… Continue reading Imidazolinone-resistant (IMI-resistant) Mustard Hybrids
E85 Fuel
News: Union Petroleum and Natural Gas Minister recently launched the “E85 fuel” at a retail fuel outlet in New Delhi. About E85 Fuel E85 is a high-ethanol blended fuel comprising 80-85% ethanol and 14-19% petrol. Difference between standard E20 petrol and E85: Composition: The standard E20 petrol contains up to 20% ethanol mixed with 80%… Continue reading E85 Fuel
The First Sea Shipment of Botanical-Infused Millets
News: India achieved a milestone in millet exports with the first sea-based export of botanical-infused millet functional foods to New Zealand on June 3, 2026. About First Sea Shipment of Botanical-Infused Millets It marks the first overseas sea shipment of botanical-infused, ready-to-cook millet functional foods produced in India. Facilitated by: The export was supported by… Continue reading The First Sea Shipment of Botanical-Infused Millets
