News:The International Financial Services Centres Authority Bill,2019 is likely to be tabled in the Parliament. Facts: About IFSC: International Financial Services Centres(IFSC) is a jurisdiction that provides financial services to resident and non-resident Indians in foreign currencies. They are intended to provide Indian corporates with easier access to global financial markets, and to complement and… Continue reading Explained: Bill to set up a unified Authority to regulate financial products
Category: Daily Factly articles
Philippines likely to finalise BrahMos deal by next year
News:The Philippines is set to become the first country to buy the BrahMos cruise missile jointly developed by India and Russia. Facts: About Brahmos missile: BrahMos is a Supersonic Cruise missile.It is a joint venture between India and Russia.It is named after Brahmaputra and Moscow rivers. The missile is capable of being launched from land,… Continue reading Philippines likely to finalise BrahMos deal by next year
Santhali used for the first time in Rajya Sabha
News:Recently, Santhali language has been spoken for the first time in the Rajya Sabha. Facts: About Santhali Language: Santhali is the language from the North Mundari group of the Austro asiatic Munda family. Santhali is written in Ol Chiki script which was created by Pt. Raghunath Murmu in 1925. The language is primarily spoken in… Continue reading Santhali used for the first time in Rajya Sabha
Asian Elephant Specialist Group meet starts in Malaysia
News:The International Union for Conservation of Nature’s (IUCN) 10th Asian Elephant Specialist Group (AsESG) Meeting has started at Kota Kinabalu in Sabah,Malaysia. Facts: About the Issues to be discussed at the meet:The issues to be discussed at the meeting include: national action plans for elephant conservation by Asian elephant range states best practices in managing… Continue reading Asian Elephant Specialist Group meet starts in Malaysia
After Mallya, Nirav Modi: Who is a ‘fugitive economic offender’?
News:Recently,the special Prevention of Money Laundering Act (PMLA) court has declared Nirav Modi as a fugitive economic offender (FEO) under Fugitive Economic Offenders Act,2018. Facts: About Fugitive Economic Offenders Act,2018: Indian Parliament had passed the Fugitive Economic Offenders Act in 2018. The act seeks to confiscate properties and assets of economic offenders that evade prosecution… Continue reading After Mallya, Nirav Modi: Who is a ‘fugitive economic offender’?
Draft National Logistic Policy
News:Minister of Commerce and Industry has informed Lok Sabha about the Draft National Logistics policy. Facts: About Draft National Logistics policy: The Draft National Logistics policy has been prepared by the Ministry of Commerce and Industry in consultation with the Ministries of Railways, Road Transport and Highways,Shipping and Civil Aviation. The aim of the policy… Continue reading Draft National Logistic Policy
Explained: What is Blue Water Force?
News:Recently,Indian Defence minister has said that the Indian Navy is the Formidable Blue Water Force. Facts: Classification of Navy:The Navies are classified in terms of the following colours: A navy whose operations are restricted close to the shore where the water is muddy, is called a Brown Water Force. A navy that can go farther… Continue reading Explained: What is Blue Water Force?
Explained:What Palestine-India techno park says of relationship between the two countries
News:Recently,India has released the third tranche of funding worth $3 million for the construction of a Palestine-India Techno Park. Facts: About Palestine-India Techno Park: The Palestine-India Techno Park was established to create a business environment that will enable knowledge-based and creative enterprises as well as technology clusters to successfully operate locally, regionally and globally. The… Continue reading Explained:What Palestine-India techno park says of relationship between the two countries
ISRO Sets Up Space Technology Cells In IITs, IISc And Other Colleges
News:The Indian Space Research Organization has decided to set up five Space Technology Cells at the premier institutes in order to carry out research activities. Facts: About Space Technology Cells: The Space Technology cells are being established under the RESPOND Programme.The Technology cells will consist of professors and scholars associated with the institute. Under the… Continue reading ISRO Sets Up Space Technology Cells In IITs, IISc And Other Colleges
Audit for FDI norms must for e-com firms
News:The government has issued new rules that makes it compulsory for e-commerce companies with foreign investments to submit an audit report every year. Facts: About the new rules: The rules will be applicable on E-commerce companies with foreign investments such as Amazon, Flipkart among others. These companies have to submit a report prepared by statutory… Continue reading Audit for FDI norms must for e-com firms
