News: India’s four Gaganyaan astronauts began Mission MITRA, which is a high-altitude test in Ladakh. About Mission MITRA Mission MITRA stands for Mapping of Interoperable Traits and Response Assessment. It is a first-of-its-kind team behavioural study to examine the physiological, psychological, and operational dynamics of Crew and ground teams functioning in a high-altitude environment. Aim:… Continue reading Mission MITRA
Category: Daily Factly articles
Ad Valorem Duty
News: U.S.A recently announced a 100% Ad Valorem Duty on the import of patented pharmaceuticals and associated ingredients from 31st July 2026. About Ad Valorem Duty Ad valorem duty is a tax imposed depending on the monetary value of an item or property. How it is levied: It is levied as a percentage of the assessed value… Continue reading Ad Valorem Duty
Kar Saathi AI Website and PRARAMBH Programme
News: The Income Tax Department launched ‘Kar Saathi’ website to simplify tax processes and support transition to the Income Tax Act, 2025. About Kar Saathi AI Website Kar Saathi is an AI-powered digital assistant integrated into the revamped income tax portal for guidance and compliance support. Launched by: It is launched by the Income Tax… Continue reading Kar Saathi AI Website and PRARAMBH Programme
Nuclear Fusion
News: Researchers and investors are investing billions in nuclear fusion as a potential green energy source, but a Nature Energy study warns that cost assumptions may misguide investments. About Nuclear Fusion Nuclear fusion is a process where light atomic nuclei combine to release a large amount of energy. Process: Two light nuclei are brought very… Continue reading Nuclear Fusion
Key Facts About Indonesia
News: A 7.4-magnitude earthquake struck Indonesia’s Molucca Sea near Ternate, causing casualties, injuries, and temporary tsunami warnings later withdrawn. Key Facts About Indonesia Location: Indonesia is an archipelagic nation located in Southeast Asia between the Indian Ocean and the Pacific Ocean, along major global sea lanes. Bordering countries : It shares borders with Malaysia, Papua… Continue reading Key Facts About Indonesia
Tribes of Nicobar – Nicobari (Nicobarese) and Shompen
News: A draft plan to relocate Nicobarese tribal communities affected by the Great Nicobar Island mega-infrastructure project to their ancestral lands has created confusion and increased concerns among local people. About Tribes of Nicobar – Nicobari (Nicobarese) and Shompen About Nicobari (Nicobarese) Tribe The Nicobari tribe lives in all the inhabited islands of the Nicobar… Continue reading Tribes of Nicobar – Nicobari (Nicobarese) and Shompen
Gangotri National Park
News: Gangotri National Park has reopened for tourists after a six-month winter closure. About Gangotri National Park Gangotri National Park is located in the Uttarkashi district, Uttarakhand. It derives its name from the famous Gangotri Temple, one of the four highly revered Hindu Dhams. Established: It was established in 1989. Area: It spreads over an… Continue reading Gangotri National Park
INS Aridhaman
News: India inducted INS Aridaman, its third nuclear-powered ballistic missile submarine (SSBN), strengthening its sea-based nuclear deterrence capabilities. About INS Aridhaman INS Aridhaman is the third nuclear-powered ballistic missile submarine or Submersible Ship Ballistic Nuclear (SSBN). Commission year: It is being commissioned in 2026. It is part of the strategic weapons programme, falls under the… Continue reading INS Aridhaman
Non-Deliverable Derivative (NDD) Market
News: The Reserve Bank of India barred banks from NDD contracts in rupee to curb misuse, stabilize currency, and improve transparency. About Non-Deliverable Derivative (NDD) Market An NDD is a derivative contract where parties agree on a future rupee exchange rate but settle differences in cash, usually in US dollars. Mechanism Agreement on Exchange Rate:… Continue reading Non-Deliverable Derivative (NDD) Market
Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
News: The Ministry of Textiles has extended the Rebate of State and Central Taxes and Levies Scheme (RoSCTL) for apparel exports and continued the Remission of Duties and Taxes on Exported Products Scheme (RoDTEP) till 30 September 2026. About Rebate of State and Central Taxes and Levies (RoSCTL) Scheme It is a scheme to rebate… Continue reading Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
