Andhra Pradesh will host its first international trade and investment meeting on August 9. The event is being organised in collaboration with the Ministry of External Affairs The meet aims at exploring opportunities for collaboration in core areas like pharma, automobile, steel, textiles food processing, electronics At the event, the Andhra Pradesh government will showcase… Continue reading Andhra govt to host international trade meet on August 9
Category: Daily Factly articles
India contributes USD 5 million to UN Palestine refugee agency
India has contributed USD 5 million to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees.India has also called for ensuring sustained fiscal support for the organisation’s work. India has increased its annual financial assistance to the UNRWA by four fold from USD 1.25 million to USD 5 million when Indian Prime Minister… Continue reading India contributes USD 5 million to UN Palestine refugee agency
Bangladesh signs uranium supply deal with Russia
Bangladesh has signed a nuclear fuel supply agreement with Russia for Rooppur Nuclear Power Plant project. The deal was signed between the Bangladesh Atomic Energy Commission and Russian Nuclear Fuel Supply Company(TVEL). Rooppur Nuclear Power Plant is an under-construction 2.4 GWe nuclear power plant in Bangladesh.It will be the Bangladesh first nuclear power plant and… Continue reading Bangladesh signs uranium supply deal with Russia
RBI lowers repo rate by 35 basis points to 5.40%
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) has lowered its repo rate by 35 basis points to 5.4%.Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI. RBI has also kept the door open for lowering rates further by retaining an accommodative policy stance.… Continue reading RBI lowers repo rate by 35 basis points to 5.40%
Explained: Why RBI’s monetary policy matters
The Monetary Policy Committee of the RBI has decided to cut the repo rate by 35 basis points to 5.4%. The monetary policy is important as any economic activity which is measured by GDP happens by (a) private individuals and households spend money on consumption (b)the government spends on its agenda (c)private sector investment and… Continue reading Explained: Why RBI’s monetary policy matters
RBI allows round-the-clock fund transfers under NEFT from December
The Reserve Bank of India(RBI) has announced that the National Electronic Funds Transfer(NEFT) systems would be available on a 24×7 basis from December 2019. At present,the NEFT payment system operated by the Reserve Bank of India is available to customers from 8am to 7pm on all working days with the exception of second and fourth… Continue reading RBI allows round-the-clock fund transfers under NEFT from December
Banks’ exposure limits, lending norms eased for stressed NBFCs
The Reserve Bank of India (RBI) has announced several measures to enhance credit flow to the cash-starved non-banking financial companies (NBFC) sector. The RBI has raised any bank’s exposure limit to a single NBFC from the existing 15% to 20% of tier-1 capital.This will ease liquidity pressure in the NBFCs. RBI has also allowed bank… Continue reading Banks’ exposure limits, lending norms eased for stressed NBFCs
India signs UNISA; experts call for local laws supporting treaty
Indian Government has signed the United Nations Convention on International Settlement Agreements(UNISA). The United Nations General Assembly adopted the United Nations Convention on International Settlement Agreements Resulting from Mediation in 2018. The UN has authorized that the Convention will be open for signature in Singapore and will be known as the “Singapore Convention on Mediation”.… Continue reading India signs UNISA; experts call for local laws supporting treaty
Pakistan downgrades diplomatic ties, suspends trade with India
Pakistan has decided to downgrade it diplomatic ties with India and suspend bilateral trade. This decision comes after Indian Parliament adopted a resolution scrapping special status to J&K under Article 370 and passed a bill bifurcating the state into two Union territories of Jammu and Kashmir and Ladakh. Pakistan has also decided to approach the… Continue reading Pakistan downgrades diplomatic ties, suspends trade with India
‘Raising time limit for abortion under study’
The Centre has informed the Delhi High Court that it has initiated the process for an inter-ministerial consultation on raising the time period to terminate pregnancy The response has come on backdrop of a PIL filed in the Delhi High Court for extending the time period to terminate pregnancy to 24 to 26 weeks in… Continue reading ‘Raising time limit for abortion under study’
