Scientists in Bangladesh have developed a method to convert Jute fibre into low-cost biodegradable cellulose sheets named as Sonali. These can be used as wrapping material and carrying bag.The physical qualities of the invented jute fibre and plastic are quite similar. The Eco-friendly jute poly bags made up of Sonali can also be used in… Continue reading Bangladesh: Scientists develop method to convert Jute fibre into low-cost bio-degradable cellulose sheets
Category: Daily Factly articles
New India-UK scheme to fund students from UK to visit India
A new India-UK bilateral pilot scheme known as “UKEIRI Mobility Programme:Study in India” has been launched. The scheme aims to support Britain’s universities to collaborate with Indian partners in order to send UK students to India during their studies. The program is an initiative of Universities UK International (UUKi) and British Council India. The program… Continue reading New India-UK scheme to fund students from UK to visit India
Explained: What are sovereign bonds, and what are their risks and rewards?
Finance Minister has announced in the Budget that it plans to raise a portion of its gross borrowing from overseas markets using sovereign bonds. A government bond or sovereign bond is a form of debt that the government undertakes wherein it issues bonds with the promise to pay periodic interest payments and also repay the… Continue reading Explained: What are sovereign bonds, and what are their risks and rewards?
Lok Sabha passes Bill to tackle illicit deposit schemes
The Lok Sabha has passed the Banning of Unregulated Deposit Scheme Bill, 2019. The bill provides for a comprehensive mechanism to ban unregulated deposit schemes and to protect the interests of depositors. The bill has amended three legislations namely (a)Reserve Bank of India Act,1934 (b)Securities and Exchange Board of India Act,1992 and (c)Multi-State Co-operative Societies… Continue reading Lok Sabha passes Bill to tackle illicit deposit schemes
IMF cuts India’s growth forecast for 2019-20 to 7%
The International Monetary Fund(IMF) has released the World Economic Outlook report.The report has projected a slower growth rate for India in 2019 and 2020.It has projected that Indian economy will grow at 7.0% in 2019 and 7.2% in 2020. The downward revision of 0.3 percentage point for both years reflects a weaker-than expected outlook for… Continue reading IMF cuts India’s growth forecast for 2019-20 to 7%
Pencil Portal
Union Minister for Labour has informed Lok Sabha that 361 Complaints of Child Labour have been resolved Through Pencil Portal. PENCIL portal stands for Platform for Effective Enforcement for No Child Labour(PENCIL).The portal is administered by the Ministry of Labour & Employment. It is a electronic platform to ensure effective enforcement of the provisions of… Continue reading Pencil Portal
Prime Minister’s Research Fellows(PMRF) Scheme
Union Minister for Human Resource Development(HRD) has informed Lok sabha about the Prime Minister’s Research Fellows(PMRF) Scheme. The PMRF scheme is aimed at attracting the talent pool of the country to doctoral(Ph.D) programs of Indian Institutes of Technology(IITs) and Indian Institute of Science(IISc) for carrying out research in cutting edge science and technology domains with… Continue reading Prime Minister’s Research Fellows(PMRF) Scheme
Trauma Care Centres for Road Accident Victims
Union Minister for Road Transport and Highways has informed Rajya Sabha about the setting up of Trauma Care Facilities along National Highways under the scheme “Capacity Building for Developing Trauma Care Facilities on National Highways”. The overall objective of the scheme is to bring down preventable deaths due to road accidents by developing a pan-India… Continue reading Trauma Care Centres for Road Accident Victims
Government aims to cut patent examination time to six months
Department for Promotion of Internal Industry and Trade(DPIIT) aims to reduce the time taken to examine patents to six months as part of its five year plan from 18 months currently. A patent is a form of intellectual property.A patent gives its owner the right to exclude others from making,selling and importing an invention for… Continue reading Government aims to cut patent examination time to six months
PayPal mulls data localisation for India
American digital payments player PayPal has said that it is working with its partners on data localisation as mandated by the Reserve Bank of India(RBI). Data localisation is the act of storing data on any device physically present within the borders of a country.Localisation mandates that companies collecting critical data about consumers must store and… Continue reading PayPal mulls data localisation for India
