News:The Reserve Bank of India(RBI) panel to review the regulatory and Supervisory Framework for Core Investment Companies headed by Tapan Ray has submitted its report. Facts: About CIC’s: Core Investment Companies (CICs) are Non-Banking Financial Companies(NBFCs) having asset size of Rs 100 crore and above. The main business of CIC is of acquisition of shares… Continue reading RBI’s panel suggests measures to strengthen core investment companies
Category: Daily Factly articles
Government approves Rs 25,000 crore alternate fund for stalled housing projects
News:Government has approved a Rs 25,000-crore special window to provide funding to stalled housing projects. Facts: Why this fund? The government expects this fund to revive the real estate sector, generate employment and provide a boost to the economy through demand for materials like cement. About the fund: The fund will be set up as… Continue reading Government approves Rs 25,000 crore alternate fund for stalled housing projects
Explained:What is trade deficit and what does it signify
News:India has decided not to join the Regional Comprehensive Economic Partnership(RCEP) Agreement as India’s core issues remained unresolved during the negotiations.One of the reason for not joining is the massive trade deficits India has with almost all of the RCEP countries. Facts: About Trade deficit: The trade balance of a country shows the difference between… Continue reading Explained:What is trade deficit and what does it signify
First ever ‘BIMSTEC Ports’ Conclave’
News: The first ever ‘BIMSTEC Ports’ Conclave’ will be held at Visakhapatnam in Andhra Pradesh on 7-8 November 2019. Facts: About BIMSTEC Ports’ Conclave’: The conclave is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping. It will also discuss on various investment opportunities, best practices adopted for… Continue reading First ever ‘BIMSTEC Ports’ Conclave’
Ban proposed on sale, ads of junk foods in school
News: Food Safety and Standards Authority of India (FSSAI) has released draft regulations titled Food Safety and Standards (Safe Food and healthy diets for School Children) Regulations, 2019. Facts: Key provisions of Food Safety and Standards (Safe Food and healthy diets for School Children) Regulations, 2019. Foods high in fat, salt and sugar (HFSS) cannot… Continue reading Ban proposed on sale, ads of junk foods in school
Explained:How China proposes to treat Alzheimer’s with new drug
News:Recently,China has approved the world’s first multi-targeting and carbohydrate-based drug GV-971 for Alzheimer’s disease. Facts: About Drug GV-971: The drug has been extracted from brown algae and can treat mild to moderate forms of Alzheimer’s disease and improve cognition. It is the world’s first multi targeting drug.The drug can be taken orally by the patients.… Continue reading Explained:How China proposes to treat Alzheimer’s with new drug
South Asia Co-operative Environment Programme(SACEP)
News:Union Minister of Environment and Forest and Climate Change has attended the 15th meeting of the Governing Council of South Asia Co-operative Environment Programme (SACEP) in Dhaka,Bangladesh. Facts: About SACEP: South Asia Co-operative Environment Programme (SACEP) is an intergovernmental organization.It is headquartered in Colombo,SriLanka. It was established in 1982 by the governments of South Asia… Continue reading South Asia Co-operative Environment Programme(SACEP)
Explained:Iran’s nuclear programme
News:Iran has announced that it would inject uranium gas into centrifuges that had previously been kept empty under its 2015 nuclear deal with world powers. Facts: About Iran Nuclear Deal: Iran Nuclear deal is also known as the Joint Comprehensive Plan of Action (JCPOA). The deal was signed in 2015 between Iran and the P5+1… Continue reading Explained:Iran’s nuclear programme
Speed up delivery of S-400 missiles,India to tell Russia
News:India wants Russia to speed up the delivery schedule of the advanced S-400 Triumf surface-to-air missile systems. Facts: About S-400: India had signed a $5 billion deal with Russia for the purchase of five S-400 systems during the 19th India-Russia Annual Bilateral Summit in 2018. S-400 Triumf Missile System is a mobile, surface-to-air missile system… Continue reading Speed up delivery of S-400 missiles,India to tell Russia
‘Indian Tech Startup Ecosystem – Leading Tech in the 20s’
News:According to the report ‘Indian Tech Startup Ecosystem – Leading Tech in the 20s’ by Nasscom,India continues to be the third largest startup ecosystem across the world. Facts: Key takeaways from the report: India continues to be the third largest startup ecosystem in the world, having added more than 1,300 tech startups in 2019. India… Continue reading ‘Indian Tech Startup Ecosystem – Leading Tech in the 20s’
