India has emerged as the world’s second largest scrap importer.Turkey is still the world’s largest recycler and scrap importer of the world. According to the data,the scrap imports have increased by 35% in the first half of this year to 3.87 million tonnes. The imports have increased due to slowdown in the domestic steel industry… Continue reading India emerges second largest scrap importer
Category: Daily Factly articles
RBI to set up central registry for tracking frauds in payment systems
The Reserve Bank of India has announced the creation of a central payments fraud information registry.The registry would ensure a quick and systemic response in cases of financial frauds. At present,there is a mechanism in place for banks to report all banking frauds to the Central Fraud Monitoring Cell of the Reserve Bank. RBI has… Continue reading RBI to set up central registry for tracking frauds in payment systems
CBDT eases plight of start-ups with pending angel tax cases
The Central Board of Direct Taxes(CBDT) has issued a circular on angel taxes on start ups. The circular has instructed income tax officers that registered start up companies that have already been selected for verification under the angel tax provision will not be scrutinised. Further,even unregistered companies have been given relief with the assessing officer… Continue reading CBDT eases plight of start-ups with pending angel tax cases
PM Modi to people of J&K, Ladakh: Your representatives will be elected by you, among you
Indian Prime Minister has addressed the nation for the first time since the Parliament has approved the Constitution (Application to Jammu and Kashmir) Order, 2019.The order effectively abrogates the special status accorded to Jammu and Kashmir under the provision of Article 370. The Parliament has also passed the Jammu and Kashmir (Reorganisation) Bill,2019.The bill bifurcates… Continue reading PM Modi to people of J&K, Ladakh: Your representatives will be elected by you, among you
Pakistan halts Samjhauta Express at Wagah,Indian crew brings it in
Pakistan has taken more retaliatory actions in response to India’s decision to revoke Jammu and Kashmir’s special status under Article 370. Pakistan has stopped the Samjhauta Express on their side at Wagah border citing security concerns.It has also decided to downgrade it diplomatic ties with India and has suspended bilateral trade. Pakistan has also decided… Continue reading Pakistan halts Samjhauta Express at Wagah,Indian crew brings it in
IIT Guwahati develops hand-held device to detect bacteria without going to lab
Researchers at Indian Institute of Technology,Guwahati have developed a low-cost,hand-held device to detect bacteria called as Organic Field Effect Transistor(OFET). The device has the ability to detect bacteria rapidly without the need for cell culture and microbiological assays. The OFET is an electronic device that works on the principle which charges in the vicinity of… Continue reading IIT Guwahati develops hand-held device to detect bacteria without going to lab
Centre unveils plan for coastal zone management
The Environment Ministry has put forward draft Environmental and Social Management Framework (ESMF). It is a part of World Bank funded project called Enhancing Coastal and Ocean Resource Efficiency Program (ENCORE). ENCORE aims to strengthen integrated coastal zone management in all coastal States and Union Territories of India. It seeks to strengthen coastal resource efficiency… Continue reading Centre unveils plan for coastal zone management
Ancient drop of seawater shows Earth’s tectonic activity began 3.3 bn years ago
According to scientists, tectonic activity began on Earth 3.3 billion years ago. It was previously assumed that tectonic activity began about 2.7 billion years ago on Earth. The conclusion came from scientists after they studied a microscopic bead of cooled magma which was protected by it olivine crystal. The olivine crystal was found in a… Continue reading Ancient drop of seawater shows Earth’s tectonic activity began 3.3 bn years ago
Online content can’t be regulated under Cinematograph Act: HC
The Karnataka High Court has held that the films, serials and other multimedia contents transmitted through online platforms like Youtube, Netflix cannot be regulated under Cinematograph Act, 1952. The court observed that going by the concept of internet and its operation, the act of exhibition of films, serials and other content perhaps amounts to transfer… Continue reading Online content can’t be regulated under Cinematograph Act: HC
Jallianwala Bagh National Memorial Bill deferred in Rajya Sabha
The Jallianwala Bagh National Memorial (Amendment) Bill, 2019 has not been passed in the Raj Sabha due to lack of broad consensus on the bill. The bill seeks to amend the Jallianwala Bagh National Memorial Act, 1951. The Act provides for the erection of a National Memorial in memory of those killed or wounded in… Continue reading Jallianwala Bagh National Memorial Bill deferred in Rajya Sabha
