The National Company Law Appellate Tribunal (NCLAT) has said Infrastructure Leasing and Financial Services (IL&FS) accounts will not be declared as non-performing assets (NPA) without approval from the appellate tribunal. The order comes after the NCLAT said that subsidiaries of IL&FS would be divided into three categories — Green (companies that can meet all debt… Continue reading IL&FS accounts can’t be NPAs without NCLAT nod
Category: Daily Factly articles
Supreme Court to hear challenge to Article 35A from Feb 26-28
The Supreme Court is scheduled to hear the plea challenging the validity of the Article 35-A, that gives special rights and privileges to the Jammu and Kashmir natives. Article 35-A was incorporated in the Constitution in 1954 through Presidential order.It gives the Jammu and Kashmir Legislature a complete freedom to decide, who are all ‘Permanent… Continue reading Supreme Court to hear challenge to Article 35A from Feb 26-28
Two crore jobs created in 16 months to December 2018: CSO
According the payroll data of the Employees State Insurance Corporation (ESIC), nearly 2 crore jobs were created during the period from September 2017 and December 2018. The ESIC data is one of payroll numbers released by the Central Statistics Office (CSO) in its reports. It is based on people joining various social security schemes run… Continue reading Two crore jobs created in 16 months to December 2018: CSO
Droughts less probable this year: Skymet
According to private weather forecaster Skymet, there is unlikely to be a drought in 2019. This is because the El Nino is expected to diminish gradually by the beginning of monsoon. Recently, the U.S. National Climate Centre had issued a forecast that an El Nino had formed and would last up to spring 2019. El… Continue reading Droughts less probable this year: Skymet
Meghalaya rathole mine tragedy: SC questions need to go on with rescue work but agrees to one ‘last-ditch effort’
The Supreme Court has questioned the need to continue with the rescue operations for trapped miners in a rathole mine in Meghalaya. A coal mine in Meghalaya East Jaintia Hills had collapsed which threw light on a dangerous procedure known as “rat-hole mining”. Rat hole mining involves digging of very small tunnels, usually only 3-4… Continue reading Meghalaya rathole mine tragedy: SC questions need to go on with rescue work but agrees to one ‘last-ditch effort’
Banks may set repo rate as benchmark
The Reserve Bank of India (RBI) has proposed a major change in the way banks price their loans. It said that banks will now have to link the interest rates charged by them on different categories of loans to the external benchmarks instead of the used internal benchmarks. Currently, all loans such as for car… Continue reading Banks may set repo rate as benchmark
U.K. should hand over Chagos islands to Mauritius: ICJ
The International Court of Justice has ruled that the United Kingdom should hand over the administration of the Chagos Islands in the Indian Ocean to Mauritius in order to legally complete its decolonisation. The British government ruled Mauritius from 1810 to 1968.But,under an agreement struck in 1965, in return for compensation to Mauritius and fishing… Continue reading U.K. should hand over Chagos islands to Mauritius: ICJ
Warming imperils clouds that deter ‘hothouse’ conditions
According to a recent research published in the journal Nature Geoscience, stratocumulus clouds could disappear if the amount of carbon dioxide into the atmosphere increases threefold. This could result in steep increase (by about 8 degree Celsius) in Earth’s temperature in addition to the global warming that comes from increased greenhouse concentrations. This would further lead to… Continue reading Warming imperils clouds that deter ‘hothouse’ conditions
Modi opens War Memorial
Prime Minister Narendra Modi has inaugurated the National War Memorial. It is located near India Gate in New Delhi. The memorial has been built in remembrance of soldiers who sacrificed their lives while protecting the country, post-independence. It also commemorates the soldiers who participated and made the sacrifice in Peace Keeping Missions, and Counter Insurgency… Continue reading Modi opens War Memorial
Afghanistan sends first export consignment to India from Chabahar port
Afghanistan has began exports to India through the Chabahar Port. In 2016, India, Iran and Afghanistan inked a pact which included establishment of Transit and Transport Corridor among the three countries using Chabahar Port as one of the regional hubs for sea transportation in Iran, besides multi-modal transport of goods and passengers across the three… Continue reading Afghanistan sends first export consignment to India from Chabahar port
