Recently,United States and UK yield curves had inverted for the first time since 2007 and 2008 respectively.This has led to the fear of global recession in the coming future. The yield curve is a graph showing the relationship between interest rates earned on lending money for different durations. A normal yield curve is one in… Continue reading What an inverted yield curve means
Author: ForumIAS
Govt to make FASTag mandatory for all vehicles from Dec 2019
Government has has announced that FASTags will become mandatory for all vehicles from December,2019. This decision has been taken in order to promote faster payment of fees through the digital mode so that vehicles can move through seamlessly, and traffic jams at the toll plazas can be prevented. However, among all lanes,one ‘hybrid lane’ will… Continue reading Govt to make FASTag mandatory for all vehicles from Dec 2019
Delhi: 90% batteries ending up in informal sector
According to a report titled ‘Loaded batteries:Mapping the toxic waste trail”,more than 90% of the lead-acid batteries disposed off are ending up with the informal sector. This means they are not only being unscientifically disposed and dismantled but are also polluting the environment in a major way. The reasons for shops giving away lead-acid batteries… Continue reading Delhi: 90% batteries ending up in informal sector
Soon, QR codes for Haryana buildings
The Haryana government will implement an ambitious project of installing an 18-digit Quick Response(QR) code carrying metal plates outside all built-up structures across the state. The metal plates will be affixed to the buildings.It will contain a Unique Property Identification and QR code(Digital Door Number). This move is aimed at enhancing the property-based tax revenues.It… Continue reading Soon, QR codes for Haryana buildings
Policy for M-sand to be put in place soon
The Tamil Nadu government will put in place an M-sand policy.The policy aims to promote the use of M-sand as an alternative building material. The policy will also help to eliminate the pervasion of sub-standard products in the market through the regulation of trade. M sand stands for Manufactured sand.It is a substitute of river… Continue reading Policy for M-sand to be put in place soon
Mobile Metallic Rampto
Defence Research and Development Organisation(DRDO) has handed over the design of Mobile Metallic Ramp(MMR) to the Indian Army. MMR has been designed and developed by DRDO’s premier research laboratory called Centre for Fire, Explosive and Environment Safety (CFEES). MMR has a load bearing capacity of 70 metric ton(MT).It has been designed and developed on requirements… Continue reading Mobile Metallic Rampto
Govt to set up a committee to study corporatisation of Ordnance Factory Board
The government has decided to set up a high-level committee to recommend restructuring of the Ordnance Factory Board(OFB). The committee will recommend changes required at making the (a)OFB accountable and efficient (b)increase their production capacity and (c)ensure timely supply of products. This committee was formed as OFB with 41 factories functions under the Department of… Continue reading Govt to set up a committee to study corporatisation of Ordnance Factory Board
Pakistan submits compliance report to FATF
Pakistan has submitted compliance report on its 27-point action plan to the Financial Action Task Force(FATF). This action plan comes in the backdrop of Pakistan being grey listed by FATF.The greylisting meant downgrading of the country by institutions like IMF, World Bank and also reduction in risk rating by Moody’s and Fitch. Further,the Asia-Pacific Group(APG)… Continue reading Pakistan submits compliance report to FATF
Daily Quiz #18 UPSC Prelims Marathon – August 22, 2019
[WpProQuiz 1061]
Economy shows further weakening, needs larger push: Shaktikanta Das at MPC meet
The RBI has released the minutes of the monetary policy committee (MPC) meeting. During the meeting,RBI governor said that RBI had to cut the repo rate by an unconventional 35 basis points to 5.4% in view of weakening of domestic growth and unstable global macroeconomic environment. Further,the governor said that the rate cut was given… Continue reading Economy shows further weakening, needs larger push: Shaktikanta Das at MPC meet
