Panel will study the ‘1 nation, 1 poll’ issue

Prime Minister has said that a panel will be formed to examine the issue of ‘One Country,One Election’.The panel will come up with the suggestions in a time-bound manner. One Country,One Election is the method of holding single elections for both Lok Sabha and States instead of separate and continuous elections. Simultaneous elections are not… Continue reading Panel will study the ‘1 nation, 1 poll’ issue

WHO launches tool for safer use of antibiotics, curb resistance

The World Health Organization (WHO) has launched a global campaign that urges countries to adopt its new online tool known as ‘AWaRe’. The tool is aimed at guiding policy-makers and health workers to use antibiotics safely and more effectively.It’s another objective is to limit drugs that are at risk of resistance. The tool ‘AWaRe’ classifies… Continue reading WHO launches tool for safer use of antibiotics, curb resistance

India to host international workshop on piracy related issues

The Indian Coast Guard (ICG) will be co-hosting an international workshop that aims to deepen knowledge on issues related to piracy and armed robbery. The workshop has been organised in cooperation with the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) Information Sharing Centre (ISC). ReCAAP is the first… Continue reading India to host international workshop on piracy related issues

PM’s panel rejects former CEA’s paper on GDP growth

PM Economic Advisory Council(PMEAC) has challenged former chief economic advisor(CEA) claim that India’s gross domestic product (GDP) was overestimated for most of this decade. Recently,former CEA had said that India’s GDP growth in the period 2011-12 to 2016-17 is likely to have been overestimated.He said that the growth during that period was actually 4.5% rather… Continue reading PM’s panel rejects former CEA’s paper on GDP growth

FSDC reviews economy, financial stability is the underlying theme

Finance Minister has reviewed the state of the economy at the meeting of the Financial Stability and Development Council(FSDC). The meeting reviewed the current global and domestic economic situation and financial stability issues including those concerning banking and NBFCs. The Council was also apprised of the progress made towards setting up of the Financial Data… Continue reading FSDC reviews economy, financial stability is the underlying theme

State department reiterates Trump’s ‘fair and reciprocal trade’ message for India

The US State Department has reacted to India’s announcement of retaliatory tariffs on certain U.S. imports by reiterating U.S. President message of reciprocal trade and the strength of U.S.-India ties. Recently,the United States Trade Representative(USTR) had said that there will be not be a trade action against India but US will continue to raise market… Continue reading State department reiterates Trump’s ‘fair and reciprocal trade’ message for India

Heritage site status for Coringa mangroves likely

The Andhra Pradesh Government has constituted a seven-member committee for fulfilment of norms required for proposing the Godavari Mangroves(Mada forests) at Coringa as a World Heritage Site. The State government eyes heritage site tag for the mangroves so that it would get UNESCO funding to protect and preserve the wildlife sanctuary and attract international tourists.… Continue reading Heritage site status for Coringa mangroves likely

Explained: Solanum plastisexum; Australia’s new sex-changing tomato

Scientists have finally given a unique bush tomato species a name which is native to the Australia.They named the plant Solanum plastisexum. The species name ‘Solanum Plastisexum’ comes from the Greek root meaning ‘moldable’ or ‘changeble’ combined with the Latin word for sex. The bush tomato species was first discovered by botanists in the 1970s.For… Continue reading Explained: Solanum plastisexum; Australia’s new sex-changing tomato

Won’t allow FDI in multi-brand retail, predatory pricing: Goyal

Commerce and industry minister has said that the government would not allow multi-brand retail trade by foreign e-commerce companies. In 2018,Department for Promotion of Industry and Internal Trade (DPIIT) had tightened the foreign direct investment (FDI) rules for ecommerce companies The new rules were (a)If an entity is owned by an e-commerce marketplace(ECM),it cannot sell… Continue reading Won’t allow FDI in multi-brand retail, predatory pricing: Goyal

SEBI allows futures on commodity indices

The Securities and Exchange Board of India (SEBI) has permitted stock exchanges with commodity derivative segment to introduce futures on commodity indices. The stock exchanges willing to start trading in futures on commodity indices are required to take prior approval for launching such contracts. SEBI has also directed the stock exchanges to submit proposal with… Continue reading SEBI allows futures on commodity indices

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