The International Olympic Committee(IOC) has formally opened its new headquarters in Lausanne,Switzerland.The Olympic House has been built on the site of the former headquarters. The International Olympic Committee(IOC) is a non-governmental sports organisation based in Lausanne,Switzerland.It was established in 1894. IOC is the authority responsible for organising the modern Summer and Winter Olympic Games. The… Continue reading IOC inaugurates new Lausanne headquarters
Category: Daily Factly articles
Modi, Xi, Putin to meet in Osaka
China has said that Indian Prime Minister,Chinese President and his Russian counterpart will hold their second trilateral summit in Osaka, Japan. This meeting will take place on the sidelines of the upcoming two-day G-20 summit.China has also signalled that the trilateral mechanism of Russia,India and China(RIC) had now become institutionalised. RIC meeting is important as… Continue reading Modi, Xi, Putin to meet in Osaka
US unveils 50 Billion Dollar Economic Plan for Palestine
United States has unveiled a 50 billion dollar global investment plan for the Palestinians under the Middle East peace plan. The scheme calls for a mix of public and private financing and intends to create at least a million new jobs for Palestinians. The plan also outlines ambitions for free and secure movement of people… Continue reading US unveils 50 Billion Dollar Economic Plan for Palestine
UAE launches UN-developed anti-money laundering platform
The UAE Central Bank’s Financial Intelligence Unit (FIU) has launched the new anti-money laundering platform called goAML. The platform will help facilitate law enforcement authorities in the receipt, analysis and dissemination of suspicious transactions including money laundering. The goAML system is the first platform to go live in the Gulf countries.It was developed by the… Continue reading UAE launches UN-developed anti-money laundering platform
Reflection of faith
The annual four-day Ambubachi Mela is being held at Amingaon near Guwahati,Assam. Ambubachi Mela is a festival to mark the annual menstruation of the goddess which is held at Kamakhya temple. The Ambubachi Mela symbolises the fertility cult of goddess Kamakhya. There is no idols in the temple,the goddess is worshipped in the form of… Continue reading Reflection of faith
Rivigo launches national freight index
The logistics start-up Rivigo has launched National Freight Index(NFI) that will provide live freight rates for different lanes and vehicles across the country. Freight transport is the physical process of transporting commodities and merchandise goods and cargo. The NFI will offers an aggregated picture of both live rates and historical trends of spot price movements… Continue reading Rivigo launches national freight index
It’s premature to count India out of the RCEP, says Centre
India has said that it would be premature to suggest that India could be left out of the Regional Comprehensive Economic Partnership(RCEP). This statement came after Malaysian Prime Minister had said that he would prefer to go ahead with the RCEP Pact immediately and allow countries such as India, Australia and New Zealand to join… Continue reading It’s premature to count India out of the RCEP, says Centre
RBI’s customer-complaint processing goes digital
The Reserve Bank of India(RBI) has launched a Complaint Management System (CMS).It is a software application to facilitate RBI’s grievance redressal processes. Customers can lodge complaints against any entity regulated by RBI with public interface such as commercial banks, urban cooperative banks,Non-Banking Financial Companies(NBFCs). This system will make sure that every complaint is received and… Continue reading RBI’s customer-complaint processing goes digital
Passports with advanced security features soon
External affairs minister has said that the manufacture of e-passports will be pursued on priority so that a new passport booklet with advanced security features can be rolled out in the near future. The minister also said that the ministry is soon going to have a chip based passport,the software for which has been developed… Continue reading Passports with advanced security features soon
House panel shies away from quantifying black money
The parliamentary panel on finance of the 16th Lok Sabha has submitted its report to the Lok Sabha, The panel has said it is difficult to provide a credible estimate of the black money stashed away overseas by Indians.The panel suggested that black money could be anywhere ranging from 7-120% of the GDP. This massive… Continue reading House panel shies away from quantifying black money
