Government has increased the minimum selling price (MSP) of sugar to support the oversupply hit sugar industry. MSP is the minimum price paid to the farmers for procuring food crops.It is announced by the Government at the beginning of the sowing season. There are two objectives of the Minimum Support Price system (a)To prevent distress… Continue reading Government hikes minimum selling price of sugar
Category: Daily Factly articles
India’s fastest Vande Bharat Express to be flagged off by PM Narendra Modi tomorrow
India’s first semi-high speed train Vande Bharat Express (Train 18) will be flagged off by Prime Minister. Train 18 is India’s first indigenously built engineless train capable of running at a speed of up to 160 kmph,It is also being referred to as a successor to the 30-year-old Shatabdi Express. The fully air-conditioned semi-high speed… Continue reading India’s fastest Vande Bharat Express to be flagged off by PM Narendra Modi tomorrow
PM Modi to give first instalment of Kisan scheme to 1 crore
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) will be formally launched on 24th February in Gorakhpur, Uttar Pradesh. The scheme was announced in the interim Budget 2019-20. Under the scheme, a direct income support of Rs 6,000/annum will be provided to small and marginalised farmers. The financial assistance will be directly transferred to the… Continue reading PM Modi to give first instalment of Kisan scheme to 1 crore
Centre to bring 13 % of large dams under World Bank’s dam rehabilitation project
The Indian government has decided to increase the percentage of large dams under Dam Safety Rehabilitation and Improvement Project project(DRIP) to 13%. At present, 4% of dams are under the project. The project was launched in 2012 by the Central Water Commission (CWC) under Ministry of Water Resources, River Development & Ganga Rejuvenation. It is… Continue reading Centre to bring 13 % of large dams under World Bank’s dam rehabilitation project
Wasted effort: half of India’s waste-to-energy plants defunct
According to an analysis by the Centre for Science and Environment, 7 out of 15 waste-to-energy (WTE) plants in India are not functional. It has also stated that the existing plants are working below capacity. A waste-to-energy plant is a facility which converts non-biodegradable waste to generate electricity through the process of incineration. The reasons… Continue reading Wasted effort: half of India’s waste-to-energy plants defunct
EU, India to jointly invest Rs 323 crore on 7 water projects
European Union,through its research and innovation programme ‘Horizon 2020’and Indian Government has decided to jointly invest on seven research and innovation projects The key focus areas of these projects include a)improving the quality of drinking water,b) waste c) water management,d) real-time monitoring and control systems and (e) Ganga rejuvenation. The projects seeks to develop innovative… Continue reading EU, India to jointly invest Rs 323 crore on 7 water projects
Panel moots minimum wage of Rs. 375 per day
An Expert Committee on Determining the Methodology for Fixation of the National Minimum Wage, headed by Anoop Satpathy, has recommended setting the minimum wage at Rs 375 a day or Rs. 9,750 per month. The minimum wage has been fixed irrespective of sectors, skills, occupations and rural-urban locations for a family. The committee has proposed a… Continue reading Panel moots minimum wage of Rs. 375 per day
Wholesale inflation eases to 10 month low of 2.76%
According to government data, wholesale inflation declined to 2.76% in January 2019. The decline has been attributed to cheaper fuel prices. Wholesale Price Inflation tracks changes in the price of goods in stages before the retail level i.e. goods that are sold in bulk and traded between organizations instead of consumers. It is measured by the… Continue reading Wholesale inflation eases to 10 month low of 2.76%
Low velocity of cash circulation in large States hints at sluggish economy: report
According to State Bank of India report,India’s present currency circulation is at Rs 20.4 lakh crore,which is at least Rs 1.5 lakh crore lower than what it would have reached if there had been no demonetisation.Thus, any argument of cash coming back aggressively into the system and financing informal activities is not entirely correct. The… Continue reading Low velocity of cash circulation in large States hints at sluggish economy: report
India signs defence pacts with Germany and Sweden
India signed defence cooperation and security protection agreements with Germany and Sweden during the ongoing visit of Defence Minister of India. India and Sweden have concluded a security protection agreement that will enable both countries to share classified information with each other. Classified information is that which a government or agency deems sensitive enough to… Continue reading India signs defence pacts with Germany and Sweden
