Investor Education and Protection Fund(IEPF) Authority has said that Crypto currency is a ponzi scheme and should be banned in India to protect the interests of investors. IEPF has also said that crypto currencies are based on blockchain technology and there are concerns about its viability in the long-term due to risk to investors,especially considering… Continue reading Crypto currency is Ponzi scheme
Author: ForumIAS
Share of tech patents on the rise in IP filings
According to a report by industry body Nasscom,India origin companies has filed over 4,600 patents in the US between 2015-2018.The majority of the patents were from the technology domain. 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 a limited… Continue reading Share of tech patents on the rise in IP filings
IRDAI forms panel to review microinsurance framework
The Insurance Regulatory and Development Authority of India (IRDAI) has set up a committee under IRDAI Executive Director Suresh Mathur to review the regulatory framework on microinsurance. Microinsurance refers to products offering coverage to low-income households or to individuals who have little savings and is tailored specifically for lower valued assets and compensation for illness,… Continue reading IRDAI forms panel to review microinsurance framework
Qatar exit visa system to end this year:U.N
According to the UN’s International Labour Organization,Qatar will abolish its controversial exit visa system for all foreign workers by the end of 2019. Qatar has introduced a series of labor reforms since its selection to host the 2022 football World Cup. In September 2018,Qatar had approved legislation to scrap the kafala or sponsorship system.The legislation… Continue reading Qatar exit visa system to end this year:U.N
Fire on INS Vikramaditya claims officer’s life
An Indian Navy officer has died while trying to combat fire onboard INS Vikramaditya when the ship was entering the harbour in Karwar in Karnataka. The fire was brought under control by the ship’s crew in a swift action preventing any serious damage affecting the ship’s combat capability. Further,a board of Inquiry has been ordered… Continue reading Fire on INS Vikramaditya claims officer’s life
NASA: Universe expanding faster than expected
A new study published in the Astrophysical Journal Letters has reported that the universe is expanding faster than expected. According to scientists, this would require new physics to better understand the cosmos. New measurements from NASA’s Hubble Space Telescope has confirmed that the Universe is expanding about 9% faster than expected based on its trajectory… Continue reading NASA: Universe expanding faster than expected
Now,PepsiCo offers to settle case against Gujarat potato farmers
PepsiCo has offered to settle its lawsuit against the farmers who had grown the patented potato variety used in its Lays chips without the company’s permission. However,PepsiCo’s has offered a settlement on several terms which are (a)the farmers must give an undertaking that they will not use its registered variety and destroy their existing stocks… Continue reading Now,PepsiCo offers to settle case against Gujarat potato farmers
Tiwa tribes and Khelchawa festival
Recently,Tiwa tribesmen had taken part in a dance during the Khelchawa festival in Karbi Anglong district of Assam. Tiwa tribesmen are recognized as a Scheduled tribe within the State of Assam.They are also found in the states of Meghalaya,Manipur and Arunachal Pradesh.They speak Tibeto Burman language.Further,they are divided into two sub-groups namely Hill Tiwas and… Continue reading Tiwa tribes and Khelchawa festival
Supreme Court gives RBI ‘last chance’ to alter disclosure policy
The Supreme Court has directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks and other material under the Right to Information (RTI) Act unless they are exempted under the law. The Supreme Court was hearing contempt petitions filed against the RBI for not complying with the… Continue reading Supreme Court gives RBI ‘last chance’ to alter disclosure policy
USTR puts India on ‘priority watch list’ on ‘Intellectual Property’ concerns
The office of the US Trade Representative (USTR) has decided to continue to keep India on its Priority Watch List. The USTR has identified 11 countries on its Priority Watch List’ which includes India,China,Indonesia,Russia,Saudi Arabia and Venezuela among others.USTR has said that these countries will be subjected to increased bilateral engagement with the US to… Continue reading USTR puts India on ‘priority watch list’ on ‘Intellectual Property’ concerns
