The Banning of Unregulated Deposit Schemes Bill 2018 was introduced in Parliament on July 18, 2018 which bans unregulated deposit scheme not registered with the government. The bill will effectively tackle the menace of illicit deposit-taking activities and prevent such schemes from duping poor and gullible people . The principle is that the bill will… Continue reading Cabinet clears amendments to Banning of Unregulated Deposit
Category: Daily Factly articles
No unemployment data post-demonetization: Labour Minister
Amidst allegations of delaying the release of NSSO report on employment, the Central government has reported to the Parliament that there is no data available on unemployment post-demonetization. Labour Bureaus’ surveys on unemployment for which the latest data available is pre-demonetization, pegs unemployment rate at 3.7% in 2015-16 Sources of labour statistics include: a) Ministry… Continue reading No unemployment data post-demonetization: Labour Minister
INDIA’S COMMUNICATION SATELLITE GSAT-31 LAUNCHED FROM FRENCH GUIANA
Indian Space Research Orgnisation (ISRO) successfully launched communication satellite GSAT-31 from French Guiana. It was launched onboard of Ariane-5 rocket from Kourou Launch Base. GSAT-31 is the 40th communication satellite of India with (a) Coverage area: Indian mainland and Island (b) Features:Will support VSAT banking application, for disaster management, e-governance, stock markets, among others (c)The… Continue reading INDIA’S COMMUNICATION SATELLITE GSAT-31 LAUNCHED FROM FRENCH GUIANA
Safe City Project
Empowered Committee of Officers for Nirbhaya funds scheme has approved pilot Safe City projects in eight selected metropolitan cities. These eight cities are Delhi, Kolkata, Mumbai, Chennai, Bengaluru, Hyderabad, Ahmedabad and Lucknow. The Empowered Committee of Officers is an inter-ministerial committee. It appraises and recommends various proposals/projects proposed by different Ministries/Departments/States. The Nirbhaya fund scheme… Continue reading Safe City Project
A series of unfortunate missteps
In the aftermath of Kerala floods, the Kerala government was prohibited by central government from accessing relief funds from foreign governments directly. To project itself as a global leader and worthy of permanent membership of UN Security Council India in 2004 decided to discourage inflow of donations from foreign countries and rather increase Indian assistance… Continue reading A series of unfortunate missteps
Rashtriya Vayoshri Yojana
Rashtriya Vayoshri Yojana had been introduced by The Ministry of Social Justice and Empowerment in 2017. It is scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category. The beneficiaries under the scheme are identified through Assessment Camps organised in collaboration with the respective State Government/District Administration. The devices are… Continue reading Rashtriya Vayoshri Yojana
Spending on Government subsidy on rise
Expenditure on subsidies is expected to be at 9.83% of total expenditure in 2019-20, up from the 9.65% in 2018-19. Spending on subsidy has been falling consistently from 18.2% in 2012-13 to 8.15% in 2017-18. However, the reason for reversal this year accounts to sharp rise in food and petroleum subsidies due to hike in… Continue reading Spending on Government subsidy on rise
World Economic Situation and Prospects 2019 Report and its findings
World Economic Situation and Prospects 2019 Report produced annually by the UN Department of Economic and Social Affairs (DESA), the UN Conference on Trade and Development (UNCTAD) and the five UN regional commissions on global economic trend. The global economy will continue to grow at a steady pace of around 3 per cent in 2019… Continue reading World Economic Situation and Prospects 2019 Report and its findings
China-Japan frontline sees a ‘cold peace’
Senkaku is an Okinawa chain of 150 islands in East China Sea contested by China and Japan. Senkaku are small but strategically significant and are guarded and controlled by Japanese government. According to Japan, it was Japanese nationals who pioneered a settlement in these islands in late 19th century and China started to claim these… Continue reading China-Japan frontline sees a ‘cold peace’
Bullet train gets green light via flamingo haven, national park
The Mumbai-Ahmadabad high speed train corridor, a first of its kind in India, has been granted wildlife clearance, by a committee headed by the Union Environment Minister The E5 Shinkansen series Bullet Train Project, an India-Japan joint venture, was inaugurated in 2017 and is scheduled for its first run in 2022. Originating at the Bandra… Continue reading Bullet train gets green light via flamingo haven, national park
