The government approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to help them maintain regulatory capital requirements and finance growth plans.It takes the total infusion into government banks to nearly Rs1 lakh crore so far this fiscal year. This capital infusion has a fourfold objective: (i) bringing the better-performing banks currently… Continue reading Centre clears ₹48,239 cr. recapitalisation package for PSBs
Category: Daily Factly articles
Odisha plans lightning alerting system
The Odisha State Disaster Management Authority has planned to establish an intelligent and automated lightning alert system. The decision comes in the backdrop of a large number deaths due to lightning in the state. OSDMA has collaborated with The Earth Networks, a USA-based organization to develop the outdoor alerting siren system. The alert system would… Continue reading Odisha plans lightning alerting system
Tejas, world’s lightest fighter, is battle ready
India’s Light Combat Aircraft (LCA) Tejas has received the final operational clearance (FOC) from military aviation regulator for induction into the Indian Air Force (IAF) as a weaponised fighter jet. The LCA Tejas is an Indian single-seat, single-jet engine, multi-role light fighter.Its design is highly manoeuvrable, with a tailless, compound delta wing configuration. It came… Continue reading Tejas, world’s lightest fighter, is battle ready
India pitches for global action against terrorism
During Saudi Arabia’s Crown Prince visit to India, both countries signed five agreements and Memorandum of Understanding (MoUs) including deals on an investment fund and tourism. India and Saudi Arabia called on all states to reject the use of terrorism against other countries. They stressed for early adoption of the ‘UN Comprehensive Convention on International… Continue reading India pitches for global action against terrorism
Cabinet approves continuation of Khadi Gramodyog Vikas Yojana
Cabinet Committee on Economic Affairs has approved the following: (a) 8 different schemes of Khadi & Village Industries are now merged under two heads i.e. ‘Khadi Vikas Yojana’ and ‘Gramodyog Vikas Yojana’. (b) Khadi Vikas Yojana includes Market Promotion & Development Assistance (MPDA), Interest Subsidy Eligibility Certificate (ISEC) , Strengthening Weak Infrastructure , Aam Aadmi… Continue reading Cabinet approves continuation of Khadi Gramodyog Vikas Yojana
Commerce Minister launches SWAYATT on GeM
SWAYATT stands for Start-ups, Women and Youth Advantage Through eTransactions on Government e Marketplace (GeM).It is an initiative to promote MSMEs, women and young entrepreneurs through e-transactions on the Government e-Marketplace (GeM). It was launched by the Ministry of Commerce and Industry.This will bring together the key stakeholders within the Indian entrepreneurial ecosystem to Government e-Marketplace, the national procurement portal. Government e Marketplace is an online… Continue reading Commerce Minister launches SWAYATT on GeM
Aussie mammal the first ‘climate change extinction’
Australia officially declared a Great Barrier Reef rodent extinct, making it the first mammal believed to have been killed off by human-induced climate change. Bramble Cay Melomys is a rodent which belongs to the family of Muridae. It lived solely on a tiny sand island in the Torres Strait, near the coast of Papua New… Continue reading Aussie mammal the first ‘climate change extinction’
OFB gets clearance for producing 114 long-range artillery gun ‘Dhanush’
The Ordnance Factory Board (OFB) has received a production clearance from the Indian Army and the Defence Ministry for production of 114 ‘Dhanush’ artillery guns. Dhanush is an upgraded version of the Swedish Bofors gun procured by India in the mid-1980s. Dhanush is the first long range artillery gun to be produced in India.It has… Continue reading OFB gets clearance for producing 114 long-range artillery gun ‘Dhanush’
To cut import, govt to boost production of drug ingredient
Department of pharmaceuticals has charted out a plan to boost domestic local manufacturing of Active Pharmaceutical ingredients(API) in order to reduce its import dependence on China. Bulk drugs or APIs are the active raw materials used in medicines to give them their therapeutic effect.More than 75% of India’s bulk drug imports come from China. The… Continue reading To cut import, govt to boost production of drug ingredient
Why more countries are welcoming Indian visitors
India has ranked 67 out of 199 countries in the 2019 Passport Index. In 2015, India had ranked 77. 25 countries offer visa-free entry to Indians, 39 countries offer visa on arrival. Indian tourists still need visas to enter 134 countries Among SAARC nations, India only lags behind Maldives (Rank 51) in terms of passport… Continue reading Why more countries are welcoming Indian visitors
