Source: The Hindu What is the News? The Geological Survey of India has come out with a report. It suggests that the disaster which hit Chamoli district of Uttarakhand was possibly due to an avalanche. Note: An avalanche (also called a snowslide) is a rapid flow of snow down a slope, such as a hill… Continue reading Chamoli disaster due to avalanche
Category: Daily Factly articles
India launches Asia’s longest High Speed Track for automobiles
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
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 Contents1 What is the News?2 What is One Nation One Ration Card (ONORC)?3 How does ONORC work?4 Incentives to States: 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… 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
No HC relief to digital news portals seeking stay on IT rules
Source: The Indian Express What is the news: The digital news portals seek a stay on the applicability of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 on digital news media. But the Delhi High Court has declined to pass any order in favor of the digital news portals. What did the… Continue reading No HC relief to digital news portals seeking stay on IT rules
