News: The Ministry of Labour and Employment released the draft National Labour & Employment Policy – Shram Shakti Niti 2025 for public consultation. About Draft National Labour & Employment Policy — Shram Shakti Niti 2025 The draft presents a renewed vision for a fair, inclusive, and future-ready world of work aligned with the national aspiration… Continue reading Draft National Labour & Employment Policy — Shram Shakti Niti 2025
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.
Electronic Bank Guarantees (e-BGs)
News: During the Global Fintech Fest 2025, the National e-Governance Division and National E-Governance Services Limited signed a MoU to link Entity Locker with the Digital Document Execution platform for electronic bank guarantees (e-BGs). About Electronic Bank Guarantees (e-BGs) Paper BG: The Paper BG in India are issued as paper documents by banks, on request… Continue reading Electronic Bank Guarantees (e-BGs)
Foreign Currency Settlement System (FCSS)
News: Recently, Finance Minister Nirmala Sitharaman launched the foreign currency settlement system in GIFT City. About Foreign currency settlement system (FCSS) Launched by: The International Financial Services Centres Authority (IFSCA) The IFSCA has authorised CCIL IFSC Limited (CIL) to operate the FCSS under the relevant provisions of the Payment and Settlement Systems Act, 2007. Standard… Continue reading Foreign Currency Settlement System (FCSS)
Securities Transaction Tax (STT)
News: On October 6, 2025, the Supreme Court decided to examine a plea challenging the constitutional validity of the Securities Transaction Tax under the Finance Act, 2004. About Securities Transaction Tax (STT) It is a direct tax on every purchase and sale of securities listed on recognised stock exchanges in India. Introduced in: It was… Continue reading Securities Transaction Tax (STT)
Schedule M Norms
News: 18 States use the Online National Drugs Licensing System (ONDLS), but none has fully met the Corrective and Preventive Action (CAPA) requirements under the revised Schedule M norms. About Schedule M Norms Schedule M prescribes Good Manufacturing Practices (GMPs) to ensure medicines are safe, effective, and of consistent quality. Legality: It is a key… Continue reading Schedule M Norms
Very Large Gas Carrier (VLGC) “Shivalik”
News: Union Minister of Ports received India’s third VLGC “Shivalik” under the Indian flag at Visakhapatnam Port, marking a national maritime milestone. About Very Large Gas Carrier (VLGC) “Shivalik” ‘Shivalik’ is a Very Large Gas Carrier (VLGC), which is a sub-class of gas carriers designed to transport a much higher volume of gas. It joined… Continue reading Very Large Gas Carrier (VLGC) “Shivalik”
PM-SETU Scheme
News: On October 4, the Prime Minister launched PM-SETU, a centrally sponsored scheme to upgrade 1,000 Government ITIs. About PM-SETU Scheme Full Form: Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs. It modernizes government ITIs through a hub-and-spoke model to align skilling with market demand. Type of Scheme: Centrally sponsored scheme (government-owned but industry-managed… Continue reading PM-SETU Scheme
Aspirational Agriculture Districts
News: Recently, the government has announced 100 Aspirational Agriculture Districts to be developed under the Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY) across 29 states and UTs. About Aspirational Agriculture Districts The Aspirational Agriculture Districts are 100 districts identified by under the Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY). The initiative is designed to improve agricultural performance… Continue reading Aspirational Agriculture Districts
Stablecoins
News: Finance Minister highlighted that India may not legalize private cryptocurrencies but must “prepare to engage” with stablecoins to avoid exclusion from global financial shifts. About Stablecoins Stablecoins are a type of cryptocurrency designed to maintain a stable value by pegging to fiat currencies, commodities, or financial instruments. They are created to reduce price fluctuations… Continue reading Stablecoins
National Pulses Mission
News: The Union Cabinet has recently approved the National Pulses Mission. About National Pulses Mission It is a six-year national initiative to boost domestic production of pulses, reduce import dependency, and achieve self-sufficiency. Aim: To achieve self-reliance in pulses by 2030-31. Objectives: It seeks to reduce India’s dependence on imports and conserve valuable foreign exchange.… Continue reading National Pulses Mission
