News: External Affairs Minister S. Jaishankar, at the 21st East Asia Summit in Manila, stressed safe maritime channels and called for dialogue on regional conflicts. About East Asia Summit (EAS) The East Asia Summit is a leader-led forum where Indo-Pacific partners discuss regional political, security, and economic challenges. Establishment: It was established in 2005 with the convening… Continue reading East Asia Summit
Category: Daily Factly articles
BHAVYA Rasayan Scheme
News: The Union Cabinet has approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) scheme for the establishment of three dedicated chemical parks across the country. About BHAVYA Rasayan Scheme Full form: Bharat Audyogik Vikas Yojana Rasayan or BHAVYA – Rasayan Scheme Aim: The scheme is devised for the establishment of three dedicated chemical parks across… Continue reading BHAVYA Rasayan Scheme
FDI in Inventory-based E-commerce Models
News: The Government allowed Foreign Direct Investment in inventory-based e-commerce entities exclusively for exports of goods manufactured and produced in India. About FDI in Inventory-based E-commerce Models Two Models of E-commerce in India: India’s FDI policy has traditionally distinguished between two models of e-commerce: Inventory-based Model: The e-commerce entity owns the inventory of goods and… Continue reading FDI in Inventory-based E-commerce Models
Rome Declaration for an Unarmed and Disarming Peace
News: The Rome Declaration for an Unarmed and Disarming Peace was signed on 16 July to seek a treaty restricting AI access to nuclear launches. About Rome Declaration for an Unarmed and Disarming Peace Rome Declaration for an Unarmed and Disarming Peace is a declaration that calls for an international treaty to prevent autonomous AI systems… Continue reading Rome Declaration for an Unarmed and Disarming Peace
Pickaxe Mountain and Zagros Mountains
News: U.S. President Donald Trump threatened heavy strikes on Iran’s fortified Pickaxe Mountain, which is linked to the country’s nuclear programme. About Pickaxe Mountain Location: Pickaxe Mountain is a mountain in the Zagros Mountain Range located in Isfahan Province, Iran. It is also known as “Kuh-e Kolang Gaz La” in Iran. Key Aspects: Underground Nuclear Facility:… Continue reading Pickaxe Mountain and Zagros Mountains
Lipfendra
News: The FDA has approved the first once-daily oral PCSK9 inhibitor, to lower LDL cholesterol in adults with high cholesterol and certain inherited cholesterol disorders. About Lipfendra Lipfendra is a once-daily oral tablet and is notable as the first oral medication to block PCSK9, a target previously addressed primarily through injectable therapies. Note: PCSK9 is… Continue reading Lipfendra
Tenzing Norgay National Adventure Award 2025
News: The Ministry of Youth Affairs & Sports invites online nominations for the Tenzing Norgay National Adventure Award (TNNAA) 2025. About Tenzing Norgay National Adventure Award 2025 It is India’s highest national honour for outstanding achievements in the field of adventure. Aim: It was instituted to recognize exceptional accomplishments in the field of adventure and… Continue reading Tenzing Norgay National Adventure Award 2025
Sahibi River
News: The Central Pollution Control Board (CPCB) informed the National Green Tribunal (NGT) about expanded Sahibi River monitoring under the Delhi-Yamuna Drain Monitoring Programme. About Sahibi River The Sahibi River is also called the Sabi River. Origin: It originated from the eastern slopes of the Saiwar Protected Forest hills in Sikar district, Rajasthan. Nature: It is… Continue reading Sahibi River
Global Chemicals Monitoring Programme (GCMP) and Persistent Organic Pollutants (POPs)
News: UNEP and GEF launched the GCMP to evaluate the effectiveness and impact of both the Stockholm Convention on Persistent Organic Pollutants (POPs) and the Minamata Convention on Mercury. About Global Chemicals Monitoring Programme (GCMP) The Global Chemicals Monitoring Programme (GCMP) is a worldwide initiative led by theUnited Nations Environment Programme (UNEP). Funded by: It… Continue reading Global Chemicals Monitoring Programme (GCMP) and Persistent Organic Pollutants (POPs)
Principal Purpose Test (PPT)
News: India amended its tax treaty with Sri Lanka to include the Principal Purpose Test (PPT) and prevent treaty abuse. About Principal Purpose Test (PPT) The PPT is an anti-tax avoidance rule in Double Taxation Avoidance Agreements (DTAAs). Features: It allows tax authorities to deny treaty benefits if a main purpose of an arrangement is… Continue reading Principal Purpose Test (PPT)
