News: Cairns Group has launched a “COVID-19 Initiative: Protecting Global Food Security Through Open Trade” to support the global agricultural and food system during the COVID-19 pandemic. Facts: Cairns Group:It was established in 1986 in Cairns, Australia.It is a coalition of 19 agricultural exporting countries and one observer country. Objective: To liberalize global trade in… Continue reading COVID-19 Initiative: Protecting Global Food Security Through Open Trade
Category: Daily Factly articles
Ancient algae play a role in building a healthy marine ecosystem: Study
News: A study of a microscopic ancient marine algae (Coccolithophores) has found that there is a decrease in the concentration of oceanic calcium carbonate (CaCO3) in the southern Indian ocean. Facts: Coccolithophores: They are single-celled algae living in the upper layers of the world’s oceans. Significance: They play a key role in marine ecosystems as… Continue reading Ancient algae play a role in building a healthy marine ecosystem: Study
Money in Swiss banks: India at 77th place accounts for 0.06% of all foreign funds
News: Swiss National Bank has released the analysis of the latest annual banking statistics. Facts: Key Takeaways: Top Countries: UK was ranked first as it accounted for close to 27% of the total foreign funds parked with Swiss banks at the end of 2019. The UK was followed by the US, West Indies, France and… Continue reading Money in Swiss banks: India at 77th place accounts for 0.06% of all foreign funds
Odisha starts project to conserve Bhitarkanika fishing cats
News: Odisha Government has started a two-year conservation project for Fishing Cats in Bhitarkanika National Park. Facts: Fishing Cat: They are a medium-sized wildcat found in South and Southeast Asia. Habitat: In India, fishing cats are mainly found in the mangrove forests of the Sundarbans, on the foothills of the Himalayas along the Ganga and… Continue reading Odisha starts project to conserve Bhitarkanika fishing cats
Cabinet approves 2% interest subvention for Shishu-Mudra loans
News: Government has approved a 2% interest subsidy for Shishu loan account holders under the Pradhan Mantri Mudra Yojana(PMMY) for a period of 12 months to eligible borrowers. Facts: Pradhan Mantri MUDRA Yojana(PMMY): It was launched by the Prime Minister in 2015. Aim: To provide loans up to 10 lakh to the non-corporate, non-farm small/micro… Continue reading Cabinet approves 2% interest subvention for Shishu-Mudra loans
Illegal wildlife trade a global threat: FATF report
News: Financial Action Task Force(FATF) has released a report titled “Money Laundering and the Illegal Wildlife Trade” report. Facts: This is the first ever report of the Financial Action Task Force(FATF) on Illegal Wildlife Trade(IWT). Aim: To provide guidance to countries on measures they can take to combat money laundering from the illegal wildlife trade.… Continue reading Illegal wildlife trade a global threat: FATF report
NITI Aayog Launches Behaviour Change Campaign
News: NITI Aayog has launched a behaviour change campaign called ‘Navigating the New Normal’. Facts: The campaign has been launched in partnership with Bill and Melinda Gates Foundation(BMGF), Centre for Social and Behavioural Change (CSBC), Ashoka University and the Ministries of Health and Women and child development. Aim: To develop an appropriate COVID safe behavior… Continue reading NITI Aayog Launches Behaviour Change Campaign
IITM, German institute collaborating to develop green energy solutions
News: Researchers from IIT Madras are collaborating with their counterparts in Germany to develop new materials for green energy solutions.The project has been taken up under the Scheme for Promotion of academic and Research Collaboration(SPARC). Facts: SPARC Scheme: It is an initiative of the Ministry of Human Resource Development (MHRD). Aim: To improve the research… Continue reading IITM, German institute collaborating to develop green energy solutions
World Drug Report 2020
News: United Nations Office of Drugs and Crimes(UNODC) has released the World Drug Report 2020 on the occasion of International Day Against Drug Abuse and Illicit Trafficking. Facts: United Nations Office on Drugs and Crime(UNODC): It was established in 1997 through a merger between the United Nations Drug Control Programme and the Centre for International… Continue reading World Drug Report 2020
Urban, multi-State cooperative banks to come under RBI supervision
News: The Central government has approved an Ordinance to bring all urban and multi-state co-operative banks under the direct supervision of the Reserve Bank of India(RBI). Facts: Aim: To empower more security to depositors and to prevent instances of fraud and serious financial irregularities such as the major scam at Punjab and Maharashtra Co-operative(PMC) Bank… Continue reading Urban, multi-State cooperative banks to come under RBI supervision
