RBI had constituted a panel on economic capital framework to address the issue of RBI reserves.It is headed by Bimal Jalan.The panel will meet one more time before finalising its report. The panel was formed after the government has said that the RBI should hand over its surplus reserves amid a shortfall in revenue collections.… Continue reading Jalan panel report on RBI reserves by June end
Category: Daily Factly articles
Easy money can’t revive economy: SBI report
According to State Bank of India report,easy money policy will be ineffective to push the slow growth engine. An easy money policy is a monetary policy that increases the money supply usually by lowering interest rates.It occurs when a country’s central bank decides to allow new cash flows into the banking system. Recently,the Reserve Bank… Continue reading Easy money can’t revive economy: SBI report
Senior IPS officer V S Kaumudi appointed as BPR&D DG
Government has appointed IPS officer V S Kaumudi as the Director General of the Bureau of Police Research and Development (BPR&D). The Appointments Committee of the Cabinet(ACC) has approved the appointment by temporarily downgrading the post to the level of Additional Director General for a period of two years. BPR&D was established in 1970 with… Continue reading Senior IPS officer V S Kaumudi appointed as BPR&D DG
PIO-led team develops early version vaccine for Alzheimer’s
Researchers at the University of New Mexico are working on a vaccine they hope could prevent Alzheimer’s disease. Researchers have tested the vaccine on mice and found the animals were able to develop antibodies that combated tau tangles. Tau is a protein that when it occurs in tangled formations in the brain of Alzheimer patients… Continue reading PIO-led team develops early version vaccine for Alzheimer’s
Noted English writer Amitav Ghosh conferred 54th Jnanpith award
Recently,Amitav Ghosh was conferred the 54th Jnanpith award for the year 2018. The award was given for his outstanding contribution in English.Amitav Ghosh is the first English writer to get this award. The Jnanpith Award is an Indian literary award presented annually by the Bharatiya Jnanpith to an author for their outstanding contribution towards literature.… Continue reading Noted English writer Amitav Ghosh conferred 54th Jnanpith award
DU scientists discover frog in Assam, name it after Northeast
A team of scientists from Delhi University and the Wildlife Institute of India, in collaboration with researchers from Indonesia and the US, have discovered a new species frog from Assam in Northeast India. The frog belongs to the microhylid genus Micryletta. Micryletta is a group of narrow-mouthed frogs that is primarily and widely distributed in… Continue reading DU scientists discover frog in Assam, name it after Northeast
New agency to develop space warfare weapon systems
The Cabinet Committee on Security has cleared the setting up of the Defence Space Research Agency (DSRO). The DSRO will comprise scientists who will work closely with integrated staff officers of the three armed forces – the Indian Air Force, Army, and the Navy. It will work on space warfare weapon systems and technologies. It… Continue reading New agency to develop space warfare weapon systems
CO2 emissions rose by 2% in 2018: study
According to the recently released BP Statistical Review of World Energy, Global carbon emissions grew by 2%, the highest since 2010-2011. The report has termed the trend unsustainable. The BP report has found that while the use of renewable forms of energy grew by 14.5% in 2018, it still accounted for just a third of… Continue reading CO2 emissions rose by 2% in 2018: study
Gujarat on alert as cyclonic storm Vayu inches towards coast
Gujarat has been put on high alert after Cyclonic storm Vayu intensified into a severe cyclonic storm. The cyclonic storm has been named Vayu by India. The severe cyclonic storm Vayu developed in the Arabian Sea and is expected to make a landfall on the Saurashtra coast between Porbandar and Mahuva Kutch. The IMD ranks… Continue reading Gujarat on alert as cyclonic storm Vayu inches towards coast
Govt eyes reforms, to club 44 labour laws into 4 codes
The Central government is planning to introduce a new Labour Bill in the upcoming session of the Parliament with an aim to help investors and accelerate growth. The new labour legislation would merge the existing 44 labour laws under four specific categories which are (a)wages (b)social security (c)industrial safety and welfare and (d)industrial relations. Labour… Continue reading Govt eyes reforms, to club 44 labour laws into 4 codes
