What is the News? The Prime Minister has inaugurated InFinity Forum, a thought leadership Forum on FinTech. Click Here to read about the InFinity Forum What is Fintech? Fintech (finance and technology) refers to any business that uses technology to enhance or automate financial services and processes. What are the pillars of Fintech? India’s financial… Continue reading PM inaugurates InFinity Forum, a thought leadership Forum on FinTech
Category: Daily Factly articles
Longest in-country migration route of lesser florican from Rajasthan tracked
What is the News? A recent study has for the first time tracked the longest in-country migration route of lesser Floricans from Rajasthan to Maharashtra’s Ahmednagar district. About the study The study on the Lesser Florican Migration Route has been launched as part of the bustard recovery programme which is a conservation initiative for the… Continue reading Longest in-country migration route of lesser florican from Rajasthan tracked
India revokes PepsiCo’s potato patent
What is the News? The Protection of Plant Varieties and Farmers Rights (PPV&FR) Authority has revoked a PVP (Plant Variety Protection) certificate granted to PepsiCo India Holding (PIH) on a potato variety (FL-2027) on multiple grounds. Note: PPV&FR is a statutory body set up under the Protection of Plant Varieties and Farmers’ Rights Act, 2001. … Continue reading India revokes PepsiCo’s potato patent
Explained: Why Centre has refused to accept Paika revolution as first war of independence
What is the News? The government of India has said that the Paika rebellion cannot be called the first War of Independence At present, the Indian Mutiny or Sepoy Mutiny of 1857 is called the first war of Independence against British Rule. What is the Paika Rebellion? Read more: About Paika Rebellion What is the… Continue reading Explained: Why Centre has refused to accept Paika revolution as first war of independence
Bills to extend tenures of CBI, ED chiefs introduced in Lok Sabha
What is the News? The Government of India has introduced the two Bills — Central Vigilance Commission (Amendment) Bill 2021 and The Delhi Special Police Establishment (Amendment) Bill 2021 in the Lok Sabha. The Bill seeks to extend the tenure of the CBI and ED chief to a maximum of five years from the present… Continue reading Bills to extend tenures of CBI, ED chiefs introduced in Lok Sabha
Did poor government handling in Kerala cause 2018 floods? Yes, says CAG
What is the news? A recent report by the Comptroller and Auditor General (CAG) has pointed out at the lapses in Kerala governments planning, capacity building, flood forecasting and dam management during 2018 state floods. What are the key findings of the report? Bureaucratic issues– The flood plains of Kerala had not been identified and… Continue reading Did poor government handling in Kerala cause 2018 floods? Yes, says CAG
Annual Report on State Finances: The vital third tier
News: Reserve Bank of India (RBI) has released its annual study of state finances. What are the findings of the report? -States’ gross fiscal deficit breached the 3% of gross domestic product (GDP) mark. -Combined revenue deficit of the state governments rose from 0.1% of GDP in 2018-19 to 2% of GDP in 2020-21 because… Continue reading Annual Report on State Finances: The vital third tier
Centre set to rejig privatisation process for non-strategic sectors
What is the News? The government of India is set to approve several changes in the privatisation process for companies in non-strategic sectors. Background Recently, the Government of India has released a new ‘Public Sector Enterprise Policy’. The policy classifies public sector commercial enterprises into strategic and non-strategic sectors. In the strategic sectors, there would… Continue reading Centre set to rejig privatisation process for non-strategic sectors
IFSC Authority invites comments on consultation paper on proposed IFSCA (Insurance Web Aggregator) Regulations, 2021
What is the News? International Financial Services Centres Authority (IFSCA) has released the draft IFSCA (Insurance Web Aggregator) Regulations, 2021. The regulations provide for eligibility criteria, registration process and permissible activities for Insurance Web Aggregator. What is IFSCA? IFSCA was established in 2020 under the International Financial Services Centres Authority Act, 2019. Purpose: The IFSCA… Continue reading IFSC Authority invites comments on consultation paper on proposed IFSCA (Insurance Web Aggregator) Regulations, 2021
KVIC Rolls Out Unique Business Model to Handhold 70 Women Agarbatti Artisans in Assam
What is the News? Khadi and Village Industries Commission(KVIC) has created a unique business model to empower women Agarbatti artisans in Assam and strengthen the local Agarbatti industry. What is the model adopted by KVIC? KVIC has engaged 70 tribal women belonging to 7 self-help groups (SHGs) under the Prime Minister’s Employment Generation Program(PMEGP). These… Continue reading KVIC Rolls Out Unique Business Model to Handhold 70 Women Agarbatti Artisans in Assam
