The Reserve Bank of India (RBI) has released the draft circular on Liquidity Risk Management Framework for Non-Banking Financial Companies(NBFCs) and Core Investment Companies (CIC’s) for public comments. The NBFCs play an important role in delivering credit to the last mile, including the retail as well as MSME sectors. However,many NBFCs have come under severe… Continue reading RBI plans liquidity buffer at shadow banks to aid stressed sector
Category: Daily Factly articles
‘Golden Rice’ now closer to reality
The International Rice Research Institute (IRRI) and its partners,the Philippines Rice Research Institute and the Bangladesh Rice Research Institute has successfully cultivated Golden Rice in a controlled environment on IRRI campus. Golden rice is a variety of rice (Oryza sativa) produced through genetic engineering to biosynthesize beta-carotene,a precursor of vitamin A in the edible parts… Continue reading ‘Golden Rice’ now closer to reality
Renewable energy: Centre looking to set up portal to disclose payment delays by Discoms
The Ministry of New and Renewable Energy(MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms).This move is expected to usher in more transparency in pending payments. The industry has demanded that a portal should be similar to Payment Ratification and Analysis in… Continue reading Renewable energy: Centre looking to set up portal to disclose payment delays by Discoms
RBI to infuse ₹15,000 cr. in June via OMO
The Reserve Bank has said it will inject Rs 15,000 crore into the financial system through purchase of government bonds via the auction route.The government securities will be bought under Open Market Operations (OMO). This decision was taken as financial sector has been facing liquidity crisis ever since the Infrastructure Leasing and Financial Services Ltd… Continue reading RBI to infuse ₹15,000 cr. in June via OMO
India relaxes procedure to speed up arms sales to friendly foreign nations
Indian Government has finalised a new standard operating procedure (SOP) to speed up the sale of military equipment to friendly countries through defence lines of credit(LoC) which is similar to the foreign military sales (FMS) programme of the US. Currently,the SOP will be applied for defence PSUs and Ordnance Factory Board.After its working stabilises,the SOP… Continue reading India relaxes procedure to speed up arms sales to friendly foreign nations
WHO unveils plan to tackle snakebite
The World Health Organization(WHO) has launched its global strategy for prevention and control of snakebite envenoming. WHO Global Strategy targets 50% reduction in mortality and disability caused by snakebite envenoming by 2030. This target will be achieved through (a)ensuring access to treatment such as anti-venoms and ancillary medical care by increasing the number of manufacturers… Continue reading WHO unveils plan to tackle snakebite
Women still under-represented in science, tech
According to a report by UNESCO, women remains considerably under-represented across STEM (science, technology, engineering and maths) studies and careers. The report says that globally only 29% of those in science research and development are women with a lowest in south and west Asia at 19% and the highest in central Asia with 48%. The… Continue reading Women still under-represented in science, tech
Copper, aluminium sectors may get raw deal if India joins RCEP, warn producers
Ahead of the Regional Comprehensive Economic Partnership (RCEP) meeting,the Aluminium Association of India(AAI) has written to the Government seeking protection from cheap imports. The AAI has said that if India joins the RCEP then such a move would pave the way for zero duty on imports of copper and aluminium which would cripple the domestic… Continue reading Copper, aluminium sectors may get raw deal if India joins RCEP, warn producers
No GST at duty-free shops: HC
Recently,the Allahabad high court has ruled that there shall be no Goods and Services tax(GST) levied in case of purchases made at duty free stores at the arrival or departure terminals. The court held that tax will not be levied as the goods has not crossed the customs border and passengers carry the items as… Continue reading No GST at duty-free shops: HC
Laws not enough to end scavenging: NHRC chief
The National Human Rights Commission (NHRC) chairman has said that the government needs to tell what it has done to end manual scavenging and merely putting laws in place will not end the menace. Manual scavenging is the practice of manually cleaning, carrying, disposing of, or handling human excreta.The International Labour Organization (ILO) distinguishes three… Continue reading Laws not enough to end scavenging: NHRC chief
