Source: PIB What is the News? The Minister of Heavy Industries and Public Enterprises has inaugurated NATRAX- the High Speed Track(HST) in Indore, Madhya Pradesh. What is High Speed Track(HST)? A High-Speed Track (HST) is used for measuring the maximum speed capability of high-end cars like BMW, Mercedes, Audi, Ferrari, Lamborghini, Tesla. At present, foreign… Continue reading India launches Asia’s longest High Speed Track for automobiles
Author: Abdul
Capex push to aid economy: CEA
Source: Livemint What is the News? According to the Chief Economic Advisor(CEA), the Government is following a Capital Expenditure(Capex) driven strategy to boost economic activity in the country. Key facts mentioned in the article: What is Gross Fixed Capital Formation(GFCF)? Gross Fixed Capital Formation(GFCF) represents investment demand in the economy. As per RBI, GFCF refers… Continue reading Capex push to aid economy: CEA
SEBI tightens norms related to independent directors
Source: TOI What is the News? Securities Exchange Board of India (SEBI) has approved various amendments to rules governing the appointment, re-appointment, and removal of Independent Directors. Who are Independent Directors? An independent Director is a director on a board of directors representing minority shareholders. He/she does not have a pecuniary relationship with the company… Continue reading SEBI tightens norms related to independent directors
Justice Department launches “Enforcing Contracts Portal”
Source: PIB What is the News? The Department of Justice has launched the “Enforcing Contracts Portal”. Background: The Doing Business Report is the flagship publication of the World Bank Group. It benchmarks business regulations in 191 economies. The Ease of Doing Business (EoDB) index ranks countries. It is an indication of an economy’s position relative… Continue reading Justice Department launches “Enforcing Contracts Portal”
National Remote Sensing Centre(NRSC) launches NHP-Bhuvan Portal
Source: PIB What is the News? The Government of India has launched the NHP –Bhuvan portal of the National Remote Sensing Centre(NRSC). About NHP –Bhuvan Portal: The National Hydrology Project or NHP-Bhuvan Portal is a repository of information on the initiatives undertaken by NRSC under NHP (National Hydrology Project). The portal also has a facility… Continue reading National Remote Sensing Centre(NRSC) launches NHP-Bhuvan Portal
Explained: Ration card reform, so far
Source: Indian Express What is the News? The Supreme Court has directed all states and Union Territories to implement the One Nation, One Ration Card (ONORC) system by July 31st,2021. What is One Nation One Ration Card (ONORC)? The ONORC scheme is aimed at enabling migrant workers and their family members to buy subsidized ration… Continue reading Explained: Ration card reform, so far
FTAs with key nations will boost exports, attract more investments: FIEO
Source: Business Standard What is the News? Federation of Indian Exports Organization (FIEO) has said that signing free trade agreements (FTAs) with India’s major trading partners such as the United States, UK, EU, Australia will boost exports and help in attracting more foreign investments into the country. What are FTAs (Free Trade Agreements)? FTAs are… Continue reading FTAs with key nations will boost exports, attract more investments: FIEO
Repeal draft Cinematograph Bill: film fraternity writes to I&B ministry
Source: Indian Express What is the News? The Film Fraternity has written a letter to the Ministry of Information and Broadcasting(I&B) to withdraw the Draft Cinematograph (Amendment) Bill, 2021. About the Draft Cinematograph (Amendment) Bill 2021. The Draft Cinematograph (Amendment) Bill 2021 makes an amendment to the Cinematograph Act,1952. The bill gives the union government… Continue reading Repeal draft Cinematograph Bill: film fraternity writes to I&B ministry
Govt Plans national stockpile of life-saving drugs
Source: TOI What is the News? The Government of India is in discussions with the pharma and medical devices industry to create a “National Stockpile of Life Saving Drugs and Vital Equipment” to combat the third Covid wave. What is the current system of Life Saving Drugs Storage? Currently, the government is undertaking only a… Continue reading Govt Plans national stockpile of life-saving drugs
India successfully test-fires Agni P, a new missile in Agni series
Source: PIB What is the News? Defence Research and Development Organisation(DRDO) has successfully flight-tested a New Generation Nuclear-Capable Ballistic Missile Agni P from Dr APJ Abdul Kalam island off the coast of Odisha. About Agni-P: Agni P is a new generation advanced variant of the Agni class of missiles. Features of Agni P Missile: Canister… Continue reading India successfully test-fires Agni P, a new missile in Agni series
