The second phase of river information system (RIS) will be inaugurated between Patna-Farakka stretch of NW-1 in order to boost cargo movement on Ganga. RIS is a form of vessel traffic management using next generation technology. It will help in crisis management and enhanced inland navigation safety by preventing (a) ship-to-ship collisions (b) ship-bridge collisions… Continue reading Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
Category: Daily Factly articles
Taxpayers, MPs, MLAs can’t avail farm income support
Government has announced income support scheme for farmers in Interim Budget 2019 which envisages the payment of ₹6,000 per annum to marginal and small farmers (each holding cultivable land up to 2 hectares). However, it also exclude some section of the society such as: a) former and present holders of constitutional posts, b) serving and… Continue reading Taxpayers, MPs, MLAs can’t avail farm income support
Only 50% of PAN linked to Aadhaar
Supreme Court ruled that the linking of PAN with Aadhaar is mandatory to file income tax returns from April 1, 2019 onward, it is mandatory for even those who do not need to file returns. According to Section 139AA of the Income Tax Act, not only is PAN mandatory for filing income tax returns but… Continue reading Only 50% of PAN linked to Aadhaar
Government proposed no modification in February 12 circular of the RBI.
The February 12 circular aims at quick reporting of defaults, resolution plan for defaulting companies and a time-bound referral of defaulting companies to the National Company Law Tribunal (NCLT) and makes it mandatory to map an account as NPA even on a single-day default. Power sector companies had challenged the the February 12 circular in… Continue reading Government proposed no modification in February 12 circular of the RBI.
RBI cuts repo rate by 25 bps:Loan EMIs likely to reduce
Six-member monetary policy committee (MPC) headed by RBI Governor lowered the repo rate by 25 basis points to 6.25 per cent, repo or repurchase rate is where RBI lends money to commercial banks.RBI last cut rates in August of 2017. RBI has taken this decision because India’s consumer price based inflation is averaged at 3… Continue reading RBI cuts repo rate by 25 bps:Loan EMIs likely to reduce
NASA to crash into asteroid, ESA to follow up
The European Space Agency’s (ESA’s) Hera mission is set for a new record by becoming the first spacecraft to explore a binary asteroid — the Didymos pair. The moon orbiting Didymos, called ‘Didymoon’ — almost the size of the Giza Pyramid in Egypt, measuring just 160 metres in diameter—will be the smallest asteroid ever explored.… Continue reading NASA to crash into asteroid, ESA to follow up
Cabinet approves introduction of National Institutes of Food Technology, Entrepreneurship and Management Bill, 2019
The objective of the bill is to confer the status of Institutions of National Importance to (a) National Institute of Food Technology, Entrepreneurship and Management (NIFTEM) at Kundli, Haryana, and (b) Indian Institute of Food Processing Technology (IIFPT) at Thanjavur, Tamil Nadu. The legislation would provide for functional autonomy to the institutes to design and… Continue reading Cabinet approves introduction of National Institutes of Food Technology, Entrepreneurship and Management Bill, 2019
We need a leap in healthcare spending
1. India’s per capita expenditure on health remains among the lowest in the world. 2. While 10.6% of the total amount in the Interim Budget is allocated to defence, only 2.2. % is allocated to healthcare. 3. The U.S.’s health expenditure is 18% of GDP, while India’s is still under 1.5% and remains short of… Continue reading We need a leap in healthcare spending
Cabinet approves establishment of Rashtriya Kamdhenu Aayog
The Union Cabinet has approved the proposal for establishment of Rashtriya Kamdhenu Aayog. It seeks for conservation protection and development of cows and their progeny. The announcement in this regard was made in the interim Budget for 2019-20. It will work in collaboration with Central/State Government institutions/ departments engaged in the task of research in… Continue reading Cabinet approves establishment of Rashtriya Kamdhenu Aayog
Pension for informal workers
The government, in the interim budget, 2019, has announced Pradhan Mantri Shram-Yogi Maandhan, a pension scheme for workers in the unorganised sector whose income is up to Rs 15,000 per month. Under the scheme, an assured monthly pension of Rs. 3000 rupees per month will be provided to workers in the unorganised sector after 60… Continue reading Pension for informal workers
