Food Safety and Standards Authority(FSSAI) has announced the new draft Food Safety and Standards (Labelling and Display) Regulations. The new draft regulation has been brought to encourage consumers to make healthier food choices and inform them about what the product actually contains. These regulations would be implemented in phased manner over a period of three… Continue reading High sugar, salt content: FSSAI sticks to its stance on labelling norms
Author: ForumIAS
Shri Nitin Gadkari expresses commitment to raise MSME’s contribution to GDP to 50 percent
The Ministry of Micro Small and Medium Enterprises(MSME) has organised an international SME convention in New Delhi to observe International MSME Day. The theme of the convention is “Indian MSMEs,Global Aspirations”.The first convention was held in April 2018.The convention is organised in association with India SME Forum. The objectives of the Convention were(a)To boost the… Continue reading Shri Nitin Gadkari expresses commitment to raise MSME’s contribution to GDP to 50 percent
Modi, Trump discuss Iran, trade and defence ahead of G20 Summit
Indian Prime Minister has held bilateral talks with US President ahead of the formal inauguration of the G-20 Summit in Osaka,Japan. The two leaders discussed various bilateral and global issues such as (a)Iran (b)5G communications networks (c)trade and (d)defence ahead of the G-20 Summit. The two leaders agreed that trade issues need to be discussed… Continue reading Modi, Trump discuss Iran, trade and defence ahead of G20 Summit
L 98-59b: A new planet discovered by NASA mission
The National Aeronautics and Space Administration’s(NASA) Transiting Exoplanet Survey Satellite(TESS) has discovered the smallest planet called L 98-59b. The planet is between the sizes of Mars and Earth orbiting a bright,cool, nearby stars.It is the tiniest of Transiting Exoplanet Survey Satellite (TESS) finds so far. L 98-59b is around 80% of Earth’s size and about… Continue reading L 98-59b: A new planet discovered by NASA mission
Terrorism biggest threat to humanity: Narendra Modi at informal BRICS leaders’ meeting in Osaka
An informal meeting of the BRICS (Brazil, Russia, India, China, and South Africa) nations was conducted on the sidelines of the G20 Summit in Osaka,Japan. During the meeting,Indian PM has said that terrorism is the biggest threat to humanity which not only kills innocents but also severely affects the economic development and social stability. The… Continue reading Terrorism biggest threat to humanity: Narendra Modi at informal BRICS leaders’ meeting in Osaka
Current account deficit tapers
The Reserve Bank of India(RBI) has said that India’s current account deficit(CAD) has increased to $57.2 billion or 2.1% of GDP in FY19 from 1.8% a year ago. Current account deficit is one of the key indicators of an economy’s health and measures the difference between the value of the goods and services a country… Continue reading Current account deficit tapers
Trade war makes India a haven for aluminium scrap dumping
India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year. The imports has increased due to a trade war between China and the U.S.Trade war is a situation where countries restrict each other’s trade by imposing… Continue reading Trade war makes India a haven for aluminium scrap dumping
Policy on electric vehicles well-thought-out: Rajiv Kumar
NITI Aayog Vice-Chairman has said that the proposal for transition to electric vehicles(EVs) was a well-thought-out policy to capitalise on the sunrise industry. The NITI Aayog has proposed that only electric three-wheelers be sold in the country post March 31,2023.Additionally,all new two-wheelers below 150cc sold after March 31,2025 should be electric. The industry has strongly… Continue reading Policy on electric vehicles well-thought-out: Rajiv Kumar
Need to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
Former Reserve Bank of India Deputy Governor has said that there is a need to increase savings and investment rate to move India to a new growth trajectory in the future. He said that Indian growth accelerations since Independence is clearly associated with consistent trends of increasing domestic savings and investment over the decades. But… Continue reading Need to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
RBI allows ARCs to buy financial assets from peers
The Reserve Bank of India(RBI) has allowed asset reconstruction companies (ARCs) to acquire financial assets from other ARCs in a bid to accelerate timely resolution of stressed assets. Earlier,ARCs could acquire financial assets from other ARCs only when they had some exposure to the asset that was being bought. However,the transfer of assets by one… Continue reading RBI allows ARCs to buy financial assets from peers
