US Senate passes legislative provision to give India NATO ally-like status

The United States Senate has passed a legislative provision that brings India at par with US NATO allies and countries like Israel and South Korea for increasing defence cooperation. This legislative provision was part of the National Defence Authorisation Act for the fiscal year 2020. The legislation provides for increased US-India defence cooperation in the… Continue reading US Senate passes legislative provision to give India NATO ally-like status

Lok Sabha passes Indian Medical Council (Amendment) Bill

The Lok Sabha has passed the Indian Medical Council (Amendment) Bill,2019. The Bill seeks to ensure transparency,accountability and quality in the governance of medical education in the country.It provides for the supersession of the Medical Council of India(MCI) for two years. During this period,the Board of Governors shall exercise the powers and functions of the… Continue reading Lok Sabha passes Indian Medical Council (Amendment) Bill

US declares Pakistan’s separatist Baluchistan Liberation Army as terrorist group

The United States has designated the Balochistan Liberation Army(BLA) as a terrorist organisation. The terrorist designation allows the US administration to seek criminal penalties against elements of the BLA and foreign officials deemed to be aiding it.It will also allow US to ban travel to the United States for individuals associated with BLA. The US… Continue reading US declares Pakistan’s separatist Baluchistan Liberation Army as terrorist group

AYUSH, MeitY ministries to collaborate for digitisation of AYUSH sector

The Ministries of AYUSH and Electronics and Information Technology has signed a Memorandum of Understanding to collaborate on the digitization of the AYUSH sector. In pursuance to the National Health Policy 2017,the project aims to digitize the entire AYUSH leading to transformation in the field of health care delivery at all levels along with greater… Continue reading AYUSH, MeitY ministries to collaborate for digitisation of AYUSH sector

82-member rhino protection force deployed in Kaziranga

A special force will soon be appointed for the protection of rhinos in Kaziranga National Park(KNP),Assam. The force will be known as the ‘Special Rhino Protection Force’ and the members of the force will be specially trained to protect the rhinos across the state. The Assam government would be paying the salaries of the SRPF… Continue reading 82-member rhino protection force deployed in Kaziranga

OPEC agrees to extend output cuts into 2020 as demand falters

Organization of the Petroleum Exporting Countries(OPEC) has won the support of other major oil producing nations to extend a production cut in a bid to shore up prices at a time of decreasing demand. The 10 non-OPEC nations present at the meeting included countries such as Mexico, Bahrain, Kazakhstan and Russia among others. The United… Continue reading OPEC agrees to extend output cuts into 2020 as demand falters

Bangladesh seeks to synergise ties with India

Bangladesh High Commissioner to India has called for greater cooperation between the two countries to accelerate the growth for the benefits of their people. He pointed out trade,investment,connectivity and energy as the three key areas of immediate focus. Referring to the Rohingya refugees in Bangladesh,he said that Bangladesh seeks continuous support of India and international… Continue reading Bangladesh seeks to synergise ties with India

High trading costs impact liquidity of Indian equities: study

According to a study by the World Bank,the turnover ratio of the Indian stock market had fallen from 143 in 2008 to 58 in 2018. The turnover ratio which is a universally accepted parameter to gauge trading volumes,is the total value of the shares traded in a specific period divided by the average market capitalisation… Continue reading High trading costs impact liquidity of Indian equities: study

Hong Kong protests undermine rule of law, social order:China

The Chinese government has issued a strong condemnation of protesters who stormed and vandalised Hong Kong’s legislature calling the act totally intolerable. Hong Kong enjoys a “one country, two systems” deal that guarantees it a level of autonomy, and rights not seen on mainland China. However,it does not have full democracy and pro-democracy events are… Continue reading Hong Kong protests undermine rule of law, social order:China

Fund-starved NBFCs seek dedicated liquidity window

Non-banking finance companies(NBFC) who are under liquidity crunch and high cost of borrowings has asked for short-term and long-term measures from the government and the Reserve Bank of India (RBI). They have asked for a dedicated refinance window for NBFCs’ on the lines of National Housing Bank which provides refinance to housing finance companies. The… Continue reading Fund-starved NBFCs seek dedicated liquidity window

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