What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits
Category: Daily Factly articles
CCI probe into Google: What are the allegations?
What is the News? The Competition Commission of India(CCI) has ordered an investigation into the conduct of Google in the smart TV segment over allegations that the company’s agreements with smart TV manufacturers restricted the development and usage of alternate versions of Android. What are the alleged violations of the Competition Act by Google? According… Continue reading CCI probe into Google: What are the allegations?
Free foodgrain supply until Nov to cost over ₹67,200 cr
What is the News? Cabinet has approved key decisions related to food grains, merger of CWC and CRWC and deal with Caribbean Island Nations on Tax matters. About Pradhan Mantri Garib Kalyan Anna Yojana (PMGKY) It was announced as part of the relief package during the COVID-19 pandemic. Aim: To ensure sufficient food for the… Continue reading Free foodgrain supply until Nov to cost over ₹67,200 cr
Rajasthan set to get its fourth tiger reserve
What is the News? Ramgarh Vishdhari Wildlife Sanctuary has received a nod from the National Tiger Conservation Authority’s(NTCA) technical committee to become the Tiger reserve. Note: Ramgarh Vishdhari Wildlife Sanctuary will become the 4th Tiger reserve of Rajasthan and the 52nd Tiger Reserve of India. About Ramgarh Vishdhari wildlife sanctuary: Ramgarh Vishdhari wildlife sanctuary is… Continue reading Rajasthan set to get its fourth tiger reserve
What are class action suits?
Contents1 Synopsis2 What are class action suits?3 Can Class Action Suits be compared to Public Interest Litigation(PIL)?4 What has deterred the development of class action suits in India? Synopsis The families of 71 people who were killed after Cyclone Tauktae destroyed ONGC’s barge vessels off Bombay High have received compensation. However, India’s laws for negligence… Continue reading What are class action suits?
India should lower entry barriers for companies wishing to float IPOs. SEBI should be more like SEC
Synopsis: SEBI needs to usher in reforms to make Indian public equity markets more attractive to investors and companies willing to issue IPOs (Initial Public Offer). What is an IPO? Whenever a company issues its shares first time to the public, it is known as Initial Public Offer (IPO). Issuing shares is a method of raising capital. Eligibility criteria… Continue reading India should lower entry barriers for companies wishing to float IPOs. SEBI should be more like SEC
Ownership rights to unauthorised colonies located on Yamuna Flood Plain
Synopsis: The new master plan of Delhi 2041 would provide ownership rights to residents of at least 71 unauthorized colonies located along the Yamuna flood plain. Background: The new master plan for Delhi (MPD) 2041 is put in the public domain for suggestions and amendments. Under this, the Delhi Development Authority (DDA) has proposed to delineate Zone O, which encompasses… Continue reading Ownership rights to unauthorised colonies located on Yamuna Flood Plain
Govt labels Delta-plus ‘variant of concern’, urges caution
Synopsis: The Government of India has categorised the Delta Plus variant as a ‘variant of concern’. What is Delta+ variant? The Delta variant formerly known as B.1.617.2 is believed to be the most transmissible variant of Covid -19 yet. It has been initially detected in India. The Delta plus variant (B.1.617.2.1 or AY.1) has been formed due to a mutation in the Delta variant. A mutation means… Continue reading Govt labels Delta-plus ‘variant of concern’, urges caution
Explained: How judges recuse from cases, and why
Synopsis: Recently, two Supreme Court (SC) judges have recused themselves from hearing cases relating to West Bengal. What is the recusal of judges? Recusal is the removal of oneself as a judge or policymaker in a particular matter. Why does a judge recuse? The judges usually recuse themselves when there is a Conflict of Interest: Conflict of Interest: It can occur… Continue reading Explained: How judges recuse from cases, and why
Centre, states came together to roll out public friendly reforms, says PM
What is the News? The Prime Minister write up on four reforms brought, as a part of the Atma Nirbhar Bharat package in May 2020 have improved the ease of living for the public, particularly the poor, the vulnerable and the middle class. Background: In May 2020, the Centre had announced to increase borrowing limits of states from 3% to 5% of their… Continue reading Centre, states came together to roll out public friendly reforms, says PM
