The United States Federal Reserve has announced that it would cut the interest rates for the first time since a decade. Fed Chairman cited global weakness, simmering trade tensions and a desire to boost too-low inflation as the reasons for the central bank’s decision to cut the interest rates. This rate reduction was the first… Continue reading U.S. Fed cuts interest rate for first time since 2008
Category: Daily Factly articles
‘India and U.S. very close to resolving all trade issues’
India’s Commerce Minister is planning to meet the U.S. Trade Representative.They will hold talks to resolve the differences over trade and investment. However,government officials have said that almost all issues have been resolved between the two countries.But the core area of disagreement which is market access is also close to being resolved. The Indian government… Continue reading ‘India and U.S. very close to resolving all trade issues’
Vardhan inaugurates state-of-the-art lab at NCDC
Union Health Minister has inaugurated a state-of-the-art laboratory complex at the National Centre for Disease Control(NCDC) in a bid to give impetus to laboratory diagnosis of emerging diseases of public health importance. The Minister said that NCDC has contributed phenomenally in elimination and eradication of several diseases of public health importance such as smallpox, polio,… Continue reading Vardhan inaugurates state-of-the-art lab at NCDC
India’s large cities staring at water crisis: Water Stress Index
Water Stress Index, formulated by London-based risk analytics firm Verisk Maplecroft, has listed India as the 46th highest risk country in the world. According to the index, 11 of India’s 20 largest cities face an ‘extreme risk’ of water stress and seven are in the ‘high risk’ category. Delhi, Chennai, Bengaluru, Hyderabad, Nashik, Jaipur, Ahmedabad… Continue reading India’s large cities staring at water crisis: Water Stress Index
TOI 270 – NASA finds a new planetary system about 73 light years away from earth
NASA’s Transiting Exoplanet Survey Satellite (TESS) has recently discovered a new planetary system. It has been named as TOI 270. TOI 270 is about 73 light years away from Earth, and is located in the constellation Pictor. The members of the planetary system include a dwarf star (TOI 270), which is 40% smaller than the… Continue reading TOI 270 – NASA finds a new planetary system about 73 light years away from earth
Efforts on to help Vembanad Lake breathe
A group of fishermen have been conducting plastic collection drive to combat plastic pollution in the Vembanad Lake. Plastic bottles are the most prevalent form of plastic pollution in the lake. In June 2018, the Kerala State Pollution Control Board (PCB) had issued a direction to hotels, resorts, houseboats and hospitals with more than 500… Continue reading Efforts on to help Vembanad Lake breathe
In a first, Maharashtra gets biometric database to list criminals
Maharashtra has become the first state in the country to adopt automated multimodal biometric identification system(AMBIS). AMBIS unit comprises a computer terminal,a camera and iris,fingerprint, and palm scanners.It also includes a portable system to dust off and capture fingerprints from crime scenes. AMBIS system collates data and enables automated identification of criminal records using fingerprint,… Continue reading In a first, Maharashtra gets biometric database to list criminals
Lok Sabha passes Wage Code Bill to ensure minimum wage for workers
Lok Sabha has passed the Code on Wages Bill, 2019.The Bill seeks to subsume existing laws related to workers’ remuneration. The bill will replace the (a)Payment of Wages Act,1936, (b)Minimum Wages Act,1948 (c)Payment of Bonus Act,1965 and the (d)Equal Remuneration Act,1976. The bill provides that the Central Government will fix minimum wages for certain sectors… Continue reading Lok Sabha passes Wage Code Bill to ensure minimum wage for workers
IRDAI to give green signal to sandbox experiment soon
The Insurance Regulatory and Development Authority of India (IRDAI) will soon allow the use of regulatory sandbox(RS) to promote new, innovative products and processes in the industry. Regulatory sandbox is an infrastructure that helps fintech players live test their products or solutions before getting the necessary regulatory approvals for a mass launch, saving start-up time… Continue reading IRDAI to give green signal to sandbox experiment soon
Central Waqf Council(CWC)
Union Minority Affairs Minister has inaugurated a national conference of Central Wakf Council(CWC) in New Delhi. The minister said here that the Central Government has set a target to achieve 100% digitisation of Waqf properties across the country in its first 100 days.There are more than 6 lakh registered Waqf properties across the country. The… Continue reading Central Waqf Council(CWC)
