News: Government has notified Consumer Protection (E-Commerce) Rules, 2020. Facts: Aim: To prevent unfair trade practices in e-commerce, direct selling and also to protect the interest and rights of consumers. Rules: The rules will be applicable to all electronic retailers (e-tailers) registered in India or abroad but offering goods and services to Indian consumers. Key… Continue reading Consumer Protection (E-Commerce) Rules Comes Into Force
Category: Daily Factly articles
TRIFED signs MoU with IIT Delhi under govt’s ‘Unnat Bharat Abhiyan’
News: Tribal Cooperative Marketing Development Federation of India(TRIFED) has entered into a partnership with IIT Delhi under Unnat Bharat Abhiyan(UBA).This will allow Tribal entrepreneurs under the Van Dhan programme to get access to the expertise of the entire network of academic and research institutions under Unnat Bharat Abhiyan(UBA). Facts: Unnat Bharat Abhiyan: It was launched… Continue reading TRIFED signs MoU with IIT Delhi under govt’s ‘Unnat Bharat Abhiyan’
NASA to launch ASTHROS Mission to stratosphere
News: NASA has announced the launch of ASTHROS mission from Antarctica in 2023. Facts: ASTHROS stands for Astrophysics Stratospheric Telescope for High Spectral Resolution Observations at Submillimeter-wavelengths. Aim: To send a telescope into the stratosphere to observe wavelengths of light invisible from the Earth. Significance: The mission will help in trying to find answers about… Continue reading NASA to launch ASTHROS Mission to stratosphere
81 stressed housing projects approved under Special Window fund
News: Union Finance Minister has approved 81 projects under the Special Window for Affordable and Mid Income Housing(SWAMIH) fund. Facts: SWAMIH Investment Fund: It has been formed in 2019 to complete construction of stalled, RERA-registered affordable and mid-income category housing projects which are stuck due to paucity of funds. Fund: The fund has a target… Continue reading 81 stressed housing projects approved under Special Window fund
HRD Ministry creates committee to develop India as educational hub
Facts: Ministry of Human Resource and Development(HRD) has set up a committee headed by UGC Chairman DP Singh to: Prepare guidelines to ensure more students ‘Stay in India and Study in India. Increase intake in top universities and start multi disciplinary and innovative programmes such as online lectures by eminent faculties abroad and joint degree… Continue reading HRD Ministry creates committee to develop India as educational hub
Dhruvastra: DRDO test fires ‘made in India’ anti-tank guided Nag missile
News: Defence Research and Development Organisation has successfully conducted flight trials of Dhruvastra. Facts: Dhruvastra: It is a variant of the HELINA(Helicopter based NAG) Weapon System being inducted into the Indian Air Force(IAF). HELINA is a third generation fire and forget class anti-tank guided missile(ATGM) system mounted on the Advanced Light Helicopter(ALH). Purpose: The missile… Continue reading Dhruvastra: DRDO test fires ‘made in India’ anti-tank guided Nag missile
DST launches India-Russia collaboration joint R&D for technology development
News: Department of Science and Technology has launched the India-Russia Joint Technology Assessment and Accelerated Commercialization Programme. Facts: The programme has been launched in partnership with Federation of Indian Chambers of Commerce and Industry(FICCI) and Foundation for Assistance to Small Innovative Enterprises(FASIE) of the Russian Federation. Aim: To connect Indian and Russian Science & Technology(S&T)… Continue reading DST launches India-Russia collaboration joint R&D for technology development
Gross NPA of banks may rise to 12.5% by March 2021: RBI Financial Stability Report
News: The Reserve Bank of India(RBI) has released its 21st Financial Stability Report. Facts: Financial Stability Report(FSR): It is a bi-annual report published by the Reserve Bank of India(RBI). Aim: To review the nature, magnitude and implications of risks that may have a bearing on the macroeconomic environment, financial institutions, markets and infrastructure. The report… Continue reading Gross NPA of banks may rise to 12.5% by March 2021: RBI Financial Stability Report
Union Minister launches National Transit Pass System Portal
News: Union Environment Minister has launched the National Transit Pass System Portal. Facts: Aim: To bring ease of doing business by issuing pan India transit passes online for seamless movement of timber, bamboo and other minor forest produce without physically going to forest offices.
Explained: What exactly is herd immunity
News: A recent serological survey in Delhi found the presence of coronavirus specific antibodies in about 23% of the samples tested.The results of the survey are being interpreted to suggest that Delhi could be approaching Herd immunity. However, scientists have cautioned against such conclusions. Facts: What is Herd immunity? It is a stage of an… Continue reading Explained: What exactly is herd immunity
