Recently, there have been reports that China and Cambodia have signed a secret agreement that allows China exclusive use of the Realm naval base on the Gulf of Thailand. However, both China and Cambodia have denied such speculations. According to reports, China will use the base for 30 years, with automatic renewals every 10 years… Continue reading Spreading influence: On Realm naval base and Kra Canal
Category: Daily Factly articles
Explained: Lok Sabha has passed amendments to The Companies Act. Here’s what they are
Lok Sabha has passed The Companies (Amendment) Bill, 2019.The Bill seeks to amend The Companies Act,2013. Under the 2013 Act,there were 81 compoundable offences that carry punishments of a fine and/or prison terms.These offences were heard by courts. The Bill makes 16 of these offences civil defaults where government appointed adjudicating officers may levy penalties.Some… Continue reading Explained: Lok Sabha has passed amendments to The Companies Act. Here’s what they are
Ambedkar Hastshilp Vikas Yojana
Union Minister of Textiles has informed Lok Sabha about the Ambedkar Hastshilp Vikas Yojana(AHVY). The Government had launched the Ambedkar Hastshilp Vikas Yojana (AHVY) in the year 2001-2002. The objective of the scheme is to mobilize the artisans into Self Help Groups and training the groups on various aspects of forming and running the community… Continue reading Ambedkar Hastshilp Vikas Yojana
Ministry of mines organises a workshop on Effective utilization of Red Mud
Ministry of Mines has organised a workshop called ‘Waste To Wealth’ on effective utilization of ‘Red Mud’. The workshop was organised in association with Jawaharlal Nehru Aluminium Research Development and Design Centre(JNARDDC). Red Mud is a solid waste generated during the aluminium production process.This is an environmental concern due to the presence of impurities such… Continue reading Ministry of mines organises a workshop on Effective utilization of Red Mud
Preventive steps taken to check Marine Pollution
Minister of State for Shipping(I/C) and Chemical & Fertilizers has informed Lok Sabha about the various preventive steps taken by the Government of India to check marine pollution. The Minister informed that India is a signatory to MARPOL(International Convention on the Prevention of Marine Pollution). In addition,the Prevention of Marine Pollution is also dealt with… Continue reading Preventive steps taken to check Marine Pollution
IBBI amends norms for insolvency resolution process for corporate persons
Insolvency and Bankruptcy Board of India(IBBI) has made several changes to regulations around insolvency resolution process for corporates as well as the liquidation process. The amendments require completion of liquidation process within one year of its commencement notwithstanding the pendency of applications for avoidance transactions. The amendments also specifies a maximum time of 90 days… Continue reading IBBI amends norms for insolvency resolution process for corporate persons
China launches first private rocket capable of carrying satellites
Chinese startup company iSpace has successfully launched the first commercial rocket of China into the Earth’s orbit. The successful launch of Hyperbola-1 was lifted off from Jiuquan Satellite Launch Centre with several satellites and payloads into a predetermined orbit. Hyperbola-1 has also carried the CAS-7B CubeSat.It is an amateur radio mission which is developed by… Continue reading China launches first private rocket capable of carrying satellites
Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators. He questioned the US bi-annual report calling out emerging markets for currency manipulation.He said that such labelling should not be a bilateral prerogative when multilateral institutions like the IMF exist.… Continue reading Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
Stable rupee, lower oil prices push forex reserves to all-time high
According to the government data,India’s foreign exchange reserves has reached an all-time high of $430.37 billion till July 19,2019. This surge in the foreign currency reserves was aided by the Recently conducted currency swaps worth $10 billion by the Reserve Bank of India. Further,the inflows have also come on the back of a stable rupee… Continue reading Stable rupee, lower oil prices push forex reserves to all-time high
IT Min meets industry on govt-led ‘cloud economic zone’ plan
Recently,the government has consulted with the industry representatives to understand the potential need for government-led ‘cloud economic zones’. Cloud economic zone are the geographical areas identified for the creation of data storage centres. However, Some industry representatives have expressed security concerns with placing sensitive data in restricted economic zones as this will allow for single… Continue reading IT Min meets industry on govt-led ‘cloud economic zone’ plan
