News:Directorate General of Foreign Trade (DGFT) removed the export restrictions on 24 active pharmaceutical ingredients (API) and formulations. These include Vitamins B6, B1, B12, Neomycin, Erythromycin among others. Facts: Background: Amid COVID-19 pandemic, the government had earlier restricted exports of 26 bulk drugs and their formulations to curb shortages in India. Additional Facts: Directorate General… Continue reading Govt frees exports of all APIs, formulations except paracetamol
Category: Daily Factly articles
Record sea temperatures cause third mass bleaching of Great Barrier Reef
News: Great Barrier Reef has suffered its most widespread coral bleaching on record. Facts: Great Barrier Reef is the world’s largest and longest coral reef system. It is located in the Coral Sea, off the coast of Queensland, Australia. It stretches for 2,300km from the tip of Cape York in the north to Bundaberg in… Continue reading Record sea temperatures cause third mass bleaching of Great Barrier Reef
Explained: Indian migrants, across India
News:The nationwide lockdown in India has led to an exodus of migrant workers from urban centres Facts: Internal Migrants: Migrants who move within the boundaries of their own country are known as internal migrants. Extent of Internal Migration in India: According to the Census 2011 migration data, over 45.58 crore Indians were found to be… Continue reading Explained: Indian migrants, across India
The Great Depression 1929
News:Economists have been comparing the current crisis with the Great Depression of 1929. Facts: The Great Depression was a major economic crisis that began in the United States in 1929 and went to have a worldwide impact until 1939. Reasons: a) U.S Stock Market Crash of 1929 b) Bank Failures c) Reduction in Purchasing Across… Continue reading The Great Depression 1929
Explained:What is Round Tripping?
News:Supreme Court has rejected the Income Tax department notice against a News Channel alleging round tripping of money. Facts: Round tripping refers to money that leaves the country through various channels and makes its way back into the country often as foreign investment. Reasons:There are various reasons that promote round tripping.Mainly, Tax concessions allowed in… Continue reading Explained:What is Round Tripping?
Operation Sanjeevani
News:Indian Air Force(IAF) with the assistance of Indian army has conducted Operation Sanjeevani to supply essential medicines and hospital consumables to Maldives. Additional Facts: Other Operations in News: Operation Sankalp:It was conducted by the Indian Navy in the Persian Gulf and the Gulf of Oman to ensure the safety and security of Indian ships. Operation… Continue reading Operation Sanjeevani
What is Geo-fencing?
News:The Government of India has planned to use the ‘Geo-Fencing App’ to locate quarantine violators. Facts: Geo-fencing:It is a location-based service which uses GPS, RFID, Wi-Fi or cellular data to trigger a pre-programmed action when a person or device enters or exits a virtual boundary set up around a geographical location known as a geofence.… Continue reading What is Geo-fencing?
GRACE-FO Mission
News:NASA has released new global maps mapping groundwater, soil wetness using GRACE-FO mission satellites. Facts: The Gravity Recovery and Climate Experiment Follow-On (GRACE-FO) mission was launched in 2018.It is a successor to the original GRACE mission which orbited Earth from 2002-2017. Bodies involved:It is a partnership project between NASA and the German Research Centre for… Continue reading GRACE-FO Mission
University for Peace(UPEACE)
News:Vice President of India has been awarded the degree of ‘Doctor of Philosophy’ by the University of Peace. Facts: University for Peace(UPEACE) is an intergovernmental organization established by a resolution of the United Nations General Assembly in 1980.Its main campus is situated at Costa Rica. Mandate:To offer Higher Education programmes focusing on peace and human… Continue reading University for Peace(UPEACE)
Fiscal Responsibility and Budget Management(FRBM) Act
News:Kerala Government has sought relaxation under the Fiscal Responsibility and Budget Management(FRBM) Act so as to ensure that the State’s finances are not adversely impacted in the wake of Coronavirus. Facts: The Fiscal Responsibility and Budget Management Act (FRBM Act) was enacted in 2003 to introduce transparency in India’s fiscal management systems by reducing fiscal… Continue reading Fiscal Responsibility and Budget Management(FRBM) Act
