The Finance Ministry has imposed anti-dumping duty on all imports of purified terephthalic acid (PTA) from South Korea and Thailand. PTA is the primary raw material in the manufacture of polyester chips, which in turn are used in a number of applications in textile, packaging, furnishings, consumer goods, resins and coatings. Dumping is the practice… Continue reading Anti-dumping duty imposed on PTA imports from South Korea,Thailand
Category: Daily Factly articles
Govt. did not try out GST system before rollout: CAG
Government has tabled the Comptroller and Auditor General(CAG) audit report on the Goods and Services Tax(GST) in the Parliament. The report has said that the government had failed to try out the GST system before its rollout leading to inadequate compliance mechanisms, and lower tax revenues. The report has also pointed out that the complexity… Continue reading Govt. did not try out GST system before rollout: CAG
RBI eases foreign borrowing norms for NBFCs, defaulters
The Reserve Bank of India(RBI) has decided to relax the end-use restrictions relating to external commercial borrowings(ECB). RBI has allowed ECBs with minimum average maturity period of 10 years for working capital purposes and general corporate purposes.It has also permitted borrowing for on-lending by non-banking financial companies(NBFCs) for the 10 year maturity. Further,RBI has also… Continue reading RBI eases foreign borrowing norms for NBFCs, defaulters
India’s fertilizer sector among most energy efficient in world: Report
Centre for Science and Environment(CSE) has released a report titled – ‘Grain by Grain’.The report is the complete assessment of the environmental performance of fertilizer industry in India. The project was undertaken by CSE along with its Green rating project(GRP).The Project had earlier rated the pulp and paper, automobile,chloro-alkali,cement,iron and steel and thermal power sectors.… Continue reading India’s fertilizer sector among most energy efficient in world: Report
Amphibious ship LCU L-56 commissioned into Navy
IN LCU L-56, the sixth ship of the Landing Craft Utility (LCU) MK IV class has been commissioned into the Indian Navy. LCU 56 is an amphibious ship. Its primary role is transportation and deployment of Main Battle Tanks, Armoured Vehicles, Troops and Equipment from ship to shore. It has a displacement of 900 tonnes.… Continue reading Amphibious ship LCU L-56 commissioned into Navy
Explained: Why India’s tigers are increasing
The tiger census report, Status of Tigers in India, 2018 has been released. The tiger census in India is conducted every four years. The first tiger census was conducted in 2006. The Tiger Census in India is the world’s most extensive biodiversity mapping exercise. It is conducted by National tiger Conservation Authority and Wildlife Institute… Continue reading Explained: Why India’s tigers are increasing
Madhya Pradesh’s Pench sanctuary, Kerala’s Periyar sanctuary rated top tiger reserves
The 4th National Tiger Estimation (Tiger census) has designated Madhya Pradesh’s Pench sanctuary and Kerala’s Periyar sanctuary as best managed Tiger Reserves in India. The Dampa Tiger Reserve in Mizoram and Rajaji Tiger Reserve in Uttarakhand emerged as worst managed tiger reserves in the country. For the Census, the tiger bearing habitats were divided into… Continue reading Madhya Pradesh’s Pench sanctuary, Kerala’s Periyar sanctuary rated top tiger reserves
India has nearly 3000 tigers, up by a third from 2014 count
According to the recently released 4th Tiger Census data, India has 2,967 tigers. The population has increased by nearly 33% since the last census in 2014 when the total number of tigers was 2,226. Madhya Pradesh has the highest number of tigers at 526, followed by Karnataka (524) and Uttarakhand (442). The number of tigers… Continue reading India has nearly 3000 tigers, up by a third from 2014 count
New norms for ‘trans fat free’ status
The Foods safety and Standards Authority of India (FSSAI) has put forward new norms for trans-fat free status. According to the norms, bakeries, sweet shops and other food outlets would be able to use a government trans-fat free logo for their healthier food offerings. Food establishments can display “Trans Fat Free” logo in their outlets… Continue reading New norms for ‘trans fat free’ status
Dam Safety Bill runs into Opposition criticism
Opposition parties have criticised the Dam Safety Bill, 2019. They have opined that the bill would undermine the powers of State governments since Water is a State subject. The Dam Safety Bill aims to put uniform safety measures for dams across India. The Bill provides for the constitution of a National Committee on Dam Safety.… Continue reading Dam Safety Bill runs into Opposition criticism
