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)
Category: Daily Factly articles
Operation HAECHI-VI
News: Recently, the Central Bureau of Investigation (CBI) has arrested eight individuals and identified 45 suspects as part of Operation HAECHI-VI. About Operation HAECHI-VI Operation HAECHI-VI is an international law enforcement operation launched by INTERPOL. It aimed to target transnational cyber-enabled financial crimes in 40 countries. It targets seven major categories of cyber-enabled financial crimes:… Continue reading Operation HAECHI-VI
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)
Supermoon
News: An incredible supermoon was visible on October 7 and will appear again twice in November and December across India. About Supermoon A “supermoon” occurs when a full Moon coincides with the Moon’s closest approach to Earth in its elliptical orbit, a point known as perigee. Term coined by: The term “supermoon” was popularised by astrologer Richard Nolle… Continue reading Supermoon
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
Nobel Prize for Physics 2025
News: The 2025 Nobel Prize in Physics has been conferred upon three scientists for their groundbreaking experiments that turned quantum physics from a purely theoretical concept into practical, real-world technology. About Nobel Prize for Physics 2025 Nobel Prize for Physics 2025 was awarded to John Clarke, Michel Devoret, and John Martinis. They were honoured by… Continue reading Nobel Prize for Physics 2025
Kherson, Kharkiv and Poltava regions
News: Recently, the Russian forces carried out strikes on multiple Ukrainian military facilities and gas infrastructure, causing critical damage to sites in the Kherson, Kharkiv and Poltava regions. About Kharkiv Region The Kharkiv region is located in the northeastern part of Ukraine, along the banks of the Dnieper and Don rivers. It covers an area… Continue reading Kherson, Kharkiv and Poltava regions
Mig La Pass
News: Project Himank of the Border Roads Organisation (BRO) has recently achieved a remarkable feat by constructing the world’s highest motorable road at Mig La Pass in Ladakh. About Mig La Pass Location: Mig La Pass (also called Migla Pass) is located on the Changthang Plateau in Ladakh. It has become the highest motorable mountain… Continue reading Mig La Pass
Nobel Prize in Physiology or Medicine 2025
News: The 2025 Nobel Prize in Physiology or Medicine honored discoveries on peripheral immune tolerance by Mary E. Brunkow, Fred Ramsdell, and Shimon Sakaguchi. About Nobel Prize in Physiology or Medicine 2025 Winners Mary E. Brunkow — from United States Fred Ramsdell — from United States Shimon Sakaguchi — from Japan Work: The Medicine Nobel… Continue reading Nobel Prize in Physiology or Medicine 2025
Tiruppur Kumaran and Subramania Siva
News: PM paid tribute to Tiruppur Kumaran and Subramaniya Siva, praising their sacrifices, cultural pride, and patriotic inspiration for youth from Tamil Nadu. About Tiruppur Kumaran Birth: He was born on 4 October 1904 , in weaver family near Erode, Tamil Nadu He is also known as Kodi Kaatha Kumaran. Death: He died from injuries… Continue reading Tiruppur Kumaran and Subramania Siva
