News: Insurance Regulatory and Development Authority(IRDAI) has formed a panel under G Srinivasan to assess the suitability of the Indian insurance industry or any other sector to offer Surety Bonds for road contracts in the country. Facts: Surety Bond: It is a three-party agreement that legally binds together a principal who needs the bond, an… Continue reading Irdai committee to examine Surety Bonds for road contracts
Category: Daily Factly articles
Uganda becomes first African country to submit REDD+ results
News: Uganda has become the first African country to submit results for REDD+ to the United Nations Framework Convention on Climate Change(UNFCCC). Facts: REDD+: It is a mechanism which was first negotiated by the Parties to the UNFCCC in 2005.Most of the key REDD+ decisions were completed by 2013 with the final pieces of the… Continue reading Uganda becomes first African country to submit REDD+ results
Housing and Urban Affairs Minister launches toolkit for Swachh Survekshan 2021
News: Union Minister for Housing and Urban affairs has launched the ‘Swachh Survekshan 2021’ — the sixth edition of the annual cleanliness survey.A new category of awards titled ‘Prerak Daaur Samman’ were also announced as part of the survey. Facts: Swachh Survekshan: It is an annual cleanliness survey of urban India conducted by the Ministry… Continue reading Housing and Urban Affairs Minister launches toolkit for Swachh Survekshan 2021
Drug discovery hackathon 2020 for open source coronavirus cure launched
News: Union Health Minister and Union HRD Minister has launched the Drug Discovery Hackathon 2020. Facts: Drug Discovery Hackathon: It has been jointly organised by the All India Council for Technical Education(AICTE) and the Council of Scientific and Industrial Research(CSIR). The hackathon is being supported by the Centre for Development of Advanced Computing(CDAC), MyGov as… Continue reading Drug discovery hackathon 2020 for open source coronavirus cure launched
Explained: The new weapons DAC has approved ‘for defence of borders’
News: Defence Acquisition Council(DAC) chaired by Defence Minister has cleared several proposals worth close to Rs 39,000 crore that will boost the combat capabilities of all three services—Army, Navy and the Air Force. Facts: Key Proposals:
Van Mahotsav
Facts: Van Mahotsav is an annual one week tree planting festival in India.It was started in 1950 by K. M. Munshi, the then Union Minister for Agriculture and Food to create an enthusiasm in the mind of the populace for the conservation of forests and planting of trees.
Cabinet Secretary Rajiv Gauba orders eSamikSha revamp
News: Cabinet Secretary has ordered a revamp of the e-SamikSha platform to ensure that various milestones and targets put in place since 2014 are being met. Facts: e-SamikSha Platform: It is a real time, online system for monitoring follow-up action on the decisions taken during the presentations made by different Ministries/Departments to the Prime Minister.… Continue reading Cabinet Secretary Rajiv Gauba orders eSamikSha revamp
State notifies Tillari forest as conservation reserve
News: Maharashtra government has declared the Tilari forest area as a conservation reserve area. Facts: Tillari Conservation Reserve: It will be the seventh wildlife corridor in the state to be declared as a ‘conservation reserve’. The reserve connects the Mhadei sanctuary in Goa and Bhimgad in Karnataka. Conservation Reserves: Conservation reserves and community reserves are… Continue reading State notifies Tillari forest as conservation reserve
Hul Divas celebrations off for Covid
News: Hul Divas celebrations in Jharkhand have been called off due to COVID-19 pandemic. Facts: Hul Divas: It is observed annually in memory of tribals — Sidhu and Kanhu who led the Santhal Hul(rebellion) in 1855 at Bhognadih in Sahibganj district. Santhal Rebellion(1855-56): The Santhals of Rajmahal Hills led by Sidhu and Kanhu revolted against… Continue reading Hul Divas celebrations off for Covid
World Bank to give $750 million funding support to MSMEs
News: The World Bank’s Board of Executive Directors has approved a $750 million MSME Emergency Response program for India. Facts: MSME Emergency Response program: It aims to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs) which are severely impacted by the COVID-19 crisis. Impact: It will address the… Continue reading World Bank to give $750 million funding support to MSMEs
