News: The Reserve Bank of India has decided to conduct a 30-day variable rate reverse repo (VRRR) auction on September 7 to suck out ₹7 lakh crore surplus liquidity from the banking system. About Variable Rate Reverse Repo (VRRR) Variable Rate Reverse Repo (VRRR) is the rate at which the Reserve Bank of India (RBI)… Continue reading Variable Rate Reverse Repo (VRRR)
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.
BIO-NIVESH Platform
News: Union Minister Jitendra Singh launched BIO-NIVESH to connect biotechnology startups with investors and increase private capital for scale-up. About BIO-NIVESH Platform BIO-NIVESH is a platform that connects biotechnology startups with investors for scale-up and commercialization. Organized by: It has been organized by BIRAC (Biotechnology Industry Research Assistance Council) under the Department of Biotechnology (DBT). Ministry… Continue reading BIO-NIVESH Platform
Negative GVA Deflator for Manufacturing Sector
News: MoSPI clarified the -1.5% manufacturing GVA deflator in Q1 2026-27 and explained how double deflation produced it. About Negative GVA Deflator for Manufacturing Sector Gross Value Added (GVA): It measures the value added by an industry to the economy. It is broadly calculated by subtracting the value of goods and services used as inputs… Continue reading Negative GVA Deflator for Manufacturing Sector
Raja Mircha
News: Nagaland Tourism and Higher Education Minister Temjen Imna Along shared a video of chillies and had a hilarious warning for anyone brave enough to try Raja Mircha. About Raja Mircha Raja Mircha is a chilli from Nagaland. It is also referred to as king chilli or Bhoot Jolokia and Ghost pepper. Genus: This chilli… Continue reading Raja Mircha
Public Insurance Registry (PIR)
News: The Insurance Regulatory and Development Authority of India (Irdai) proposed a Public Insurance Registry (PIR) as a Digital Public Infrastructure (DPI) for the insurance sector. About Public Insurance Registry (PIR) Public Insurance Registry (PIR) has been proposed as a Digital Public Infrastructure (DPI) for the insurance sector. Proposed by: Insurance Regulatory and Development Authority… Continue reading Public Insurance Registry (PIR)
National Company Law Tribunal (NCLT)
News: The National Company Law Tribunal (NCLT) formed a five-member Bench to decide on Subhash Chandra’s repayment plan in a personal insolvency case involving claims of more than ₹22,000 crore after a Division Bench failed to reach a majority verdict. About National Company Law Tribunal (NCLT) It is a quasi-judicial body established to handle civil corporate… Continue reading National Company Law Tribunal (NCLT)
Integrated Fertilizer Management System (iFMS)
News: The Integrated Fertilizer Management System (iFMS) has entered a new phase with digital initiatives to strengthen transparency and fertilizer supply-chain monitoring. About Integrated Fertilizer Management System (iFMS) Integrated Fertilizer Management System (iFMS) is a digital platform that tracks fertilizer production, imports, movement, stocks, sales and subsidy. Developed by: The National Informatics Centre (NIC) developed and… Continue reading Integrated Fertilizer Management System (iFMS)
PM e-Bus Sewa Scheme
News: More than 500 electric buses are operational across 23 cities, with daily ridership crossing one lakhunder PM e-Bus Sewa. About PM e-Bus Sewa Scheme PM-eBus Sewa Scheme is a scheme to strengthen the urban transport system by deploying 10,000 air-conditioned electric buses in eligible cities. Implementing Agency: It is being implemented by the Ministry of… Continue reading PM e-Bus Sewa Scheme
Mission Rangeen Machhli 2031
News: India’s Vice President, C. P. Radhakrishnan, has released the “Mission Rangeen Machhli 2031” Strategic Action Plan for Ornamental Fisheries Development at Agatti, Lakshadweep. About Mission Rangeen Machhli 2031 Mission Rangeen Machhli 2031 is a Strategic Action Plan for Ornamental Fisheries Development aimed at organising India’s ornamental fisheries sector. Nodal Ministry: It is being organized by… Continue reading Mission Rangeen Machhli 2031
Australian Merino and Gaddi Sheep
News: Himachal Pradesh is introducing Australian Merino lambs among Gaddi pastoralists to improve wool quality while protecting indigenous sheep breeds. About Australian Merino and Gaddi Sheep Aspect Australian Merino Sheep Gaddi Sheep Origin Merino is a Spanish breed that is being reared in Australia. Gaddi is an indigenous sheep breed of Himachal Pradesh traditionally reared… Continue reading Australian Merino and Gaddi Sheep
