Category: Daily Factly articles

Union minister inaugurates Mission Innovation(MI) Face-to-Face Meeting of Innovation Challenges

News:Union Minister of Science & Technology, Earth Sciences, Health and Family Welfare has inaugurated the Mission Innovation(MI) Face to Face meeting of Innovation Challenges(IC). Facts: About Mission innovation: Mission Innovation(MI) is a global initiative of 24 countries and the European Commission (on behalf of the European Union). The mission aims to accelerate public and private… Continue reading Union minister inaugurates Mission Innovation(MI) Face-to-Face Meeting of Innovation Challenges

Real-time Train Information System(RTIS)

News:Recently,500 passenger locomotives of the South Central Railway (SCR) have been fitted with the newly developed Real-time Train Information System (RTIS). Facts: About Real-time Train Information System(RTIS): The system has been developed by the Centre for Railway Information Systems(CIRE) with the help of ISRO-Airports Authority of India’s GAGAN-Global Positioning System(GPS) aided geo-augmented navigation. The system… Continue reading Real-time Train Information System(RTIS)

RBI’s panel suggests measures to strengthen core investment companies

News:The Reserve Bank of India(RBI) panel to review the regulatory and Supervisory Framework for Core Investment Companies headed by Tapan Ray has submitted its report. Facts: About CIC’s: Core Investment Companies (CICs) are Non-Banking Financial Companies(NBFCs) having asset size of Rs 100 crore and above. The main business of CIC is of acquisition of shares… Continue reading RBI’s panel suggests measures to strengthen core investment companies

Government approves Rs 25,000 crore alternate fund for stalled housing projects

News:Government has approved a Rs 25,000-crore special window to provide funding to stalled housing projects. Facts: Why this fund? The government expects this fund to revive the real estate sector, generate employment and provide a boost to the economy through demand for materials like cement. About the fund: The fund will be set up as… Continue reading Government approves Rs 25,000 crore alternate fund for stalled housing projects

Explained:What is trade deficit and what does it signify

News:India has decided not to join the Regional Comprehensive Economic Partnership(RCEP) Agreement as India’s core issues remained unresolved during the negotiations.One of the reason for not joining is the massive trade deficits India has with almost all of the RCEP countries. Facts: About Trade deficit: The trade balance of a country shows the difference between… Continue reading Explained:What is trade deficit and what does it signify

First ever ‘BIMSTEC Ports’ Conclave’

News: The first ever ‘BIMSTEC Ports’ Conclave’ will be held at Visakhapatnam in Andhra Pradesh on   7-8 November 2019. Facts: About BIMSTEC Ports’ Conclave’: The conclave is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.  It will also discuss on various investment opportunities, best practices adopted for… Continue reading First ever ‘BIMSTEC Ports’ Conclave’

Ban proposed on sale, ads of junk foods in school

News: Food Safety and Standards Authority of India (FSSAI) has released draft regulations titled Food Safety and Standards (Safe Food and healthy diets for School Children) Regulations, 2019. Facts: Key provisions of Food Safety and Standards (Safe Food and healthy diets for School Children) Regulations, 2019. Foods high in fat, salt and sugar (HFSS) cannot… Continue reading Ban proposed on sale, ads of junk foods in school

Explained:How China proposes to treat Alzheimer’s with new drug

News:Recently,China has approved the world’s first multi-targeting and carbohydrate-based drug GV-971 for Alzheimer’s disease. Facts: About Drug GV-971: The drug has been extracted from brown algae and can treat mild to moderate forms of Alzheimer’s disease and improve cognition. It is the world’s first multi targeting drug.The drug can be taken orally by the patients.… Continue reading Explained:How China proposes to treat Alzheimer’s with new drug

South Asia Co-operative Environment Programme(SACEP)

News:Union Minister of Environment and Forest and Climate Change has attended the 15th meeting of the Governing Council of South Asia Co-operative Environment Programme (SACEP) in Dhaka,Bangladesh. Facts: About SACEP: South Asia Co-operative Environment Programme (SACEP) is an intergovernmental organization.It is headquartered in Colombo,SriLanka. It was established in 1982 by the governments of South Asia… Continue reading South Asia Co-operative Environment Programme(SACEP)

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