IMF cuts India’s growth forecast for 2019-20 to 7%

The International Monetary Fund(IMF) has released the World Economic Outlook report.The report has projected a slower growth rate for India in 2019 and 2020.It has projected that Indian economy will grow at 7.0% in 2019 and 7.2% in 2020. The downward revision of 0.3 percentage point for both years reflects a weaker-than expected outlook for… Continue reading IMF cuts India’s growth forecast for 2019-20 to 7%

Pencil Portal

Union Minister for Labour has informed Lok Sabha that 361 Complaints of Child Labour have been resolved Through Pencil Portal. PENCIL portal stands for Platform for Effective Enforcement for No Child Labour(PENCIL).The portal is administered by the Ministry of Labour & Employment. It is a electronic platform to ensure effective enforcement of the provisions of… Continue reading Pencil Portal

Prime Minister’s Research Fellows(PMRF) Scheme

Union Minister for Human Resource Development(HRD) has informed Lok sabha about the Prime Minister’s Research Fellows(PMRF) Scheme. The PMRF scheme is aimed at attracting the talent pool of the country to doctoral(Ph.D) programs of Indian Institutes of Technology(IITs) and Indian Institute of Science(IISc) for carrying out research in cutting edge science and technology domains with… Continue reading Prime Minister’s Research Fellows(PMRF) Scheme

Trauma Care Centres for Road Accident Victims

Union Minister for Road Transport and Highways has informed Rajya Sabha about the setting up of Trauma Care Facilities along National Highways under the scheme “Capacity Building for Developing Trauma Care Facilities on National Highways”. The overall objective of the scheme is to bring down preventable deaths due to road accidents by developing a pan-India… Continue reading Trauma Care Centres for Road Accident Victims

PCI recommended to make paid news incidence a punishable electoral malpractice: I&B Minister

Union Information and Broadcasting Minister has said the Press Council of India(PCI) has recommended amendments to the Representation of the People Act,1951 in order to make the incidence of paid news a punishable electoral malpractice. The PCI defines paid news as any news or analysis appearing in print or electronic media for consideration in cash… Continue reading PCI recommended to make paid news incidence a punishable electoral malpractice: I&B Minister

Government aims to cut patent examination time to six months

Department for Promotion of Internal Industry and Trade(DPIIT) aims to reduce the time taken to examine patents to six months as part of its five year plan from 18 months currently. A patent is a form of intellectual property.A patent gives its owner the right to exclude others from making,selling and importing an invention for… Continue reading Government aims to cut patent examination time to six months

PayPal mulls data localisation for India

American digital payments player PayPal has said that it is working with its partners on data localisation as mandated by the Reserve Bank of India(RBI). Data localisation is the act of storing data on any device physically present within the borders of a country.Localisation mandates that companies collecting critical data about consumers must store and… Continue reading PayPal mulls data localisation for India

Indian Navy Commissions Dornier Squadron INAS 313 at Chennai

Indian Navy has commissioned the navy’s fifth Dornier squadron named as Indian Naval Air Squadron(INAS) 313. INAS 313 derives its name ‘Sea Eagle’ from the bird of prey family Accipitridae. The Squadron will be operating from Chennai International Airport.With commissioning of INAS 313,the State of Tamil Nadu will have three naval air bases which is… Continue reading Indian Navy Commissions Dornier Squadron INAS 313 at Chennai

Labour Bills meets with protest

The government has introduced the Code on Occupational Safety, Health and Working Conditions Bill,2019 and the Code on Wages Bill, 2019 in the Lok Sabha. The Code on Wages Bill,2019 aims to simplify the wage and bonus payments rules besides mandating a national minimum wage. The code on Occupational Safety, Health and Working Conditions Code,… Continue reading Labour Bills meets with protest

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