News: Reserve Bank of India(RBI) has announced operational guidelines for the Payments Infrastructure Development Fund (PIDF) scheme. Facts: Objectives of the Fund: To increase the number of acceptance devices multi-fold in the country. To benefit the acquiring banks / non-banks and merchants by lowering overall acceptance infrastructure cost. To increase payments acceptance infrastructure by adding… Continue reading RBI unveils guidelines for Payment Infrastructure Development Fund
Category: Daily Factly articles
Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021
News: Ministry of Statistics and Programme Implementation(MoSPI) is organising the Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021. Facts: NCAVES India Forum: It is being organized by MoSPI in collaboration with the United Nations Statistics Division (UNSD), European Union and UN Environment. Objectives: The objectives of the National Forum would be:… Continue reading Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021
Gangetic River Dolphin beaten to death in UP
News: Gangetic River Dolphin was beaten to death by a group of men in Uttar Pradesh’s Pratapgarh leading to the arrest of three people. Facts: Source: Indian Express Gangetic River Dolphin: It is primarily found in the Ganges and Brahmaputra Rivers and their tributaries in India, Bangladesh and Nepal. Key Characteristics: The female Gangetic Dolphins… Continue reading Gangetic River Dolphin beaten to death in UP
NHRC recommends measures against manual scavenging
News: The National Human Rights Commission (NHRC) has made a series of recommendations to the Centre to eradicate manual scavenging. Facts: Manual scavenging: It is the practice of manually cleaning, carrying, disposing of or handling human excreta. According to the 2011 Census, there are more than 26 Lakh insanitary latrines in the country and the… Continue reading NHRC recommends measures against manual scavenging
What are spectrum auctions?
News: Department of Telecommunications (DoT) said on Wednesday (January 6) that auctions for 4G spectrum in the 700, 800, 900, 1,800, 2,100, 2,300, and 2,500 MHz bands will begin from March 1. Licence holders have until February 5 to submit their applications. Facts: What are Spectrum Auctions? Devices such as cellphones and wireline telephones require… Continue reading What are spectrum auctions?
Government approves new scheme for Industrial Development of Jammu & Kashmir
News: Cabinet Committee on Economic Affairs has approved the Central Sector Scheme for Industrial Development of Jammu & Kashmir. Facts: Aim: To develop development of Manufacturing as well as Service Sector Units in J&K which will generate employment and leads to the socio economic development of the area. Incentives: The following incentives would be available… Continue reading Government approves new scheme for Industrial Development of Jammu & Kashmir
PM inaugurates Rewari – Madar section on Western corridor
News: The Prime Minister of India has inaugurated the Rewari – Madar section on Western Corridor. Facts: Rewari – Madar section: It is a part of Western Dedicated Freight Corridor(WDFC).It falls in Haryana (for approximately 79 Km in Mahendragarh & Rewari districts) and Rajasthan (approximately 227 Km in Jaipur, Ajmer, Sikar, Nagaur and Alwar districts)… Continue reading PM inaugurates Rewari – Madar section on Western corridor
Government released Longitudinal Ageing Study in India(LASI)
News: Union Health Ministry has released the Longitudinal Ageing Study in India(LASI). Facts: LASI: It is a full scale national survey of scientific investigation of the health, economic, and social determinants and consequences of population ageing in India. Study conducted by: National Programme for Health Care of Elderly, Ministry of Health & Family Welfare has… Continue reading Government released Longitudinal Ageing Study in India(LASI)
Economic Impact of Internet shutdown in Indian and world economy
News: According to a report by the UK-based privacy and security research firm Top10VPN, India has suffered the longest internet shutdowns in 2020 globally. Facts: Key Takeaways from the report: Globally, internet shutdowns cost the world economy $4 billion. However, this represents a 50% decrease in impact compared to $8.05 billion in 2019. India has… Continue reading Economic Impact of Internet shutdown in Indian and world economy
GDP likely to contract by 7.7% in 2020-21, says Govt.
News: National Statistical Office(NSO), Ministry of Statistics and Programme Implementation(MoSPI) has released the First Advance Estimates (FAE) for 2020-21. Facts: What are the First Advance Estimates(FAE)? For any financial year, the MoSPI provides regular estimates of GDP. The first such instance is through the FAE. The FAE for any particular financial year is typically presented… Continue reading GDP likely to contract by 7.7% in 2020-21, says Govt.
