What is the News? India’s National Security Advisor(NSA) has attended a meeting of NSAs from Shanghai Cooperation Organisation(SCO) member countries in Dushanbe, capital of Tajikistan. Important Facts mentioned in the meeting Financial Action Task Force (FATF): The Financial Action Task Force (FATF). is an inter-governmental body established in 1989 during the G7 Summit in Paris. Its Secretariat is… Continue reading India proposes action against LeT, Jaish within SCO framework
Category: Daily Factly articles
PM backs delimitation exercise, grassroots democracy in J&K
What is the News? Delimitation of constituencies is being carried out in union territory of Jammu and Kashmir. Recently, Prime Minister of India chaired a meeting with political parties of Jammu and Kashmir. What is Delimitation? Delimitation is the redrawing of boundaries of an assembly or Lok Sabha constituency to reflect changes in the population of a region. Conducted by: The Parliament enacts a… Continue reading PM backs delimitation exercise, grassroots democracy in J&K
RBI issues guidelines for NBFCs to declare dividend
What is the News? The Reserve Bank of India(RBI) has issued guidelines that spell out the eligibility criteria for non-banking finance companies(NBFCs) to declare dividends. What is Dividend? Dividend is a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves). What is NBFC? A Non-Banking Financial… Continue reading RBI issues guidelines for NBFCs to declare dividend
A crystal ball gaze at where the Indian rupee could be headed
Why Rupee fluctuates vis-a-vis other currencies? Reason for fluctuation in rupee: India’s foreign exchange reserves. For example, an increase in forex reserves is an indication that India is getting in more dollars than India’s spending. This will push India’s current and capital accounts into surplus zone and impact the exchange rates. Daily fluctuations caused by foreign portfolio investment (FPI) flows. External factor of the dollar,… Continue reading A crystal ball gaze at where the Indian rupee could be headed
Saved by our women
Synopsis: Article talks about various female right activists that are constantly working for the rights of weaker and under-privileged sections of the society. We take up the pre-independence female right activists mentioned in the article, like Muktabai Salve, Tarabai Shinde, Savitribai Phule, Jyotiba Phule etc. Savitribai Phule Read this Jyotiba Phule Read this. Muktabai Salve Mukta Salve was one of the first Dalits to… Continue reading Saved by our women
Similarities Between Non-fungible tokens and worldwide web
Synopsis: Tim Berners-Lee, the inventor of the World Wide Web (WWW), compared the idea behind WWW to that of blockchain-based NFTs (Non-fungible tokens). What are Non-fungible tokens? Non-fungible tokens are built on blockchain technology, which is aimed toward decentralising power, which is what the Web was supposed to do before Big Tech empires developed. NFTs are “one-of-a-kind” assets in the digital world. These digital tokens can be thought… Continue reading Similarities Between Non-fungible tokens and worldwide web
Excise duty helps fill Centre’s fiscal gap
What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap
MCA expands small firm definition, raises turnover and borrowing limits
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
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
