News: The Union Cabinet, chaired by the Prime Minister, approved the Terms of Reference of the 8th Central Pay Commission. About Terms of Reference (TOR) of 8th Central Pay Commission About 8th Central Pay Commission It was announced in January 2025. Structure: It will have a Chairperson, one Part-Time Member, and a Member-Secretary. Justice (Retd.)… Continue reading Terms of Reference (TOR) of 8th Central Pay Commission
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 Financial Stability Report (GFSR)
News: The International Monetary Fund (IMF) has released the October edition of the twice a year, Global Financial Stability Report (GFSR) recently. About Global Financial Stability Report (GFSR) It provides a comprehensive assessment of the global financial system, highlighting vulnerabilities, and giving policy recommendations to bolster resilience. Published by: International Monetary Fund (IMF) Frequency: Twice… Continue reading Global Financial Stability Report (GFSR)
Duty‑Free Tariff Preference (DFTP) Scheme
News: According to a recent WTO report, India is now a top developing economy partner for Least Developed Countries, offering more extensive duty-free market access than China or the EU. About Duty‑Free Tariff Preference (DFTP) Scheme India launched the DFTP Scheme in 2008. Objective: To provide preferential market access to Least Developed Countries (LDCs). The… Continue reading Duty‑Free Tariff Preference (DFTP) Scheme
SWAMIH Fund
News: The RBI has designated SWAMIH Fund-I under the “specified exemption category” in its “Investment in AIF (Alternate Investment Fund) Directions, 2025”. As a result of this exemption, regulated entities (REs) such as banks and NBFCs investing in SWAMIH Fund-I will not be subject to the usual caps and provisioning rules applicable to AIF investments.… Continue reading SWAMIH Fund
Union for Protection of New Varieties of Plants (UPOV)
News: A new GRAIN report says free trade agreements are being used to impose strict IP rules on seeds, threatening farmers’ rights and biodiversity worldwide. About Union for Protection of New Varieties of Plants (UPOV) It is an is an independent intergovernmental organization having legal personality that protects new plant varieties through breeders’ rights. Purpose:… Continue reading Union for Protection of New Varieties of Plants (UPOV)
State Mining Readiness Index
News: The Ministry of Mines released the State Mining Readiness Index and State rankings, fulfilling a Union Budget 2025–26 announcement to promote State-level mining reforms. About State Mining Readiness Index (SMRI) The State Mining Readiness Index (SMRI) is a benchmarking tool that evaluates States’ readiness and efficiency in facilitating non-coal mineral mining reforms. Released by:… Continue reading State Mining Readiness Index
Prime Minister Internship Scheme (PMIS)
News: On 15 October 2025 at Hampi, Karnataka, Finance Minister Nirmala Sitharaman interacted with interns of the Prime Minister Internship Scheme. About Prime Minister Internship Scheme (PMIS) It provides 12-month internships in India’s top 500 companies to bridge academic learning and real-world experience and enhance youth employability. Nodal Ministry: It is implemented by the Ministry… Continue reading Prime Minister Internship Scheme (PMIS)
National Energy Conservation Awards (NECA) 2025
News: BEE invited applications for the 35th National Energy Conservation Awards 2025; awards to be presented on 14 December 2025 at Vigyan Bhawan, New Delhi. About National Energy Conservation Awards (NECA) 2025 It is a prestigious national platform that recognizes excellence, innovation, and leadership in energy efficiency and conservation. It was instituted in 1991 by… Continue reading National Energy Conservation Awards (NECA) 2025
Google’s Artificial Intelligence (AI) Hub
News: Google has announced a $15 billion investment over the next five years (2026–2030) to establish an Artificial Intelligence (AI) Data Centre in Visakhapatnam, Andhra Pradesh. This marks Google’s biggest investment in India to date. About Google’s Artificial Intelligence (AI) Hub Developed by: Google in partnership with the Adani Group and Airtel Location: Visakhapatnam, a… Continue reading Google’s Artificial Intelligence (AI) Hub
Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2025
News: Union Minister Piyush Goyal launched LEAPS 2025 during the 4th Anniversary of PM GatiShakti at Bharat Mandapam, New Delhi. About Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2025 It is a flagship initiative to benchmark logistics excellence and to acknowledge and reward best practices, innovation, and leadership across India’s logistics ecosystem. Nodal Ministry: Ministry… Continue reading Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2025
