News:The Union Finance Minister has announced the 4th economic package under Atma Nirbhar Bharat Abhiyan. Facts: Coal sector: Commercial mining will be introduced in the coal sector and the government monopoly in coal mining will be removed. Defence production: Enhancing self-reliance in defence production- Indigenization of imported spares, separate budget provisioning for domestic capital procurement. … Continue reading Finance minister announces 4th tranche of economic measures
Category: Daily Factly articles
World Economic Situation and Prospects Report
News:World Economic Situation and Prospects(WESP) mid year 2020 Report has been released. Facts: The report is released jointly by the United Nations Department of Economic and Social Affairs(UN/DESA), United Nations Conference on Trade and Development(UNCTAD) and the five United Nations regional commissions. Key Takeaways: Global economy: It is forecast to shrink by 3.2% in 2020.… Continue reading World Economic Situation and Prospects Report
Army proposes three-year-tour of duty for citizens
News:The Indian Army is considering a model called the “Tour of Duty” Scheme. Facts: Tour of Duty Scheme: It is a proposed voluntary service to allow civilians of the country to join the Indian Army for three years and serve as both officers or jawan in the army. Currently, the only option apart from regular… Continue reading Army proposes three-year-tour of duty for citizens
Global Forest Resources Assessment 2020
News: The Global Forest Resources Assessment 2020(FRA 2020) has been released by the United Nations Food and Agriculture Organization(FAO). Facts: The report presents a comprehensive view of the world’s forests and the ways in which the resource is changing. It is based on the assessment of more than 60 forest-related variables in 236 countries and… Continue reading Global Forest Resources Assessment 2020
Government Issues Warning Against ‘EventBot’ Malware
News: CERT-In(Indian Computer Emergency Response Team) has issued a caution against EventBot Malware. Facts: EventBot:It is a Trojan that targets mobile banking, mobile wallets and other financial services apps by masquerading as a legitimate Android app. Additional Facts: Trojan horse: It is a malware that disguises itself as a normal file or program to trick… Continue reading Government Issues Warning Against ‘EventBot’ Malware
Decision on hydropower project in Arunachal Pradesh deferred
News: The Forest Advisory Committee, the apex body of the Environment Ministry has deferred its decision on the Dibang Valley project in Arunachal Pradesh. Facts: Dibang Valley Project is a storage-based hydro-electric project located on river Dibang in Arunachal Pradesh. Once built,it will be the largest ever Hydro Electric Dam Project to be constructed in… Continue reading Decision on hydropower project in Arunachal Pradesh deferred
Centre gives nod for Defence Testing Infrastructure Scheme
News: Defence minister has approved the launch of the Defence Testing Infrastructure Scheme(DTIS) with an outlay of ₹400 crore. Facts: Aim:To promote indigenous defence production with special focus on participation of MSMEs and Start Ups by bridging gaps in defence testing infrastructure in the country. Duration:The scheme would run for the duration of five years… Continue reading Centre gives nod for Defence Testing Infrastructure Scheme
NIT Kurukshetra implements Enterprises Resource Planning(ERP), SAMARTH
News: NIT Kurukshetra has implemented Enterprises Resource Planning(ERP), SAMARTH to enhance productivity through better information management and automating the process in the institute. Facts: SAMARTH: It is an open source, open standard enabled robust, secure, scalable and evolutionary process automation engine for Universities and Higher Educational Institutions. It has been developed under the National Mission… Continue reading NIT Kurukshetra implements Enterprises Resource Planning(ERP), SAMARTH
India opposes Pakistan-China move to build major dam in Gilgit-Baltistan
News: Pakistan has signed a contract with Chinese state-run firm and Frontier Works Organisation, a commercial arm of Pakistan’s military for the construction of the Diamer-Bhasha dam. Facts: Diamer-Bhasha Dam:It is located on the Indus River in northern Pakistan between Kohistan district in Khyber Pakhtunkhwa and Diamer district in Gilgit Baltistan. India’s Stand:It has opposed… Continue reading India opposes Pakistan-China move to build major dam in Gilgit-Baltistan
Tribal Affairs Minister launches ‘GOAL’ programme to provide online mentorship to tribal youth
News: Union Minister for Tribal Affairs has launched the GOAL (Going Online As Leaders) programme. Facts: GOAL (Going Online As Leaders) is the joint initiative of Facebook and the Ministry of Tribal Affairs. Aim: To empower tribal youth through mentorship, leadership training, and digital literacy skills. Under this, 5,000 young tribal entrepreneurs (to be called… Continue reading Tribal Affairs Minister launches ‘GOAL’ programme to provide online mentorship to tribal youth
