The Ministry of External Affairs dismissed the opposition by China and asserted that Arunachal Pradesh is an integral part of India. The opposition from China came after PM Modi’s recent visit to Arunachal Pradesh. The India-China border covering the 3,488 km-long Line of Actual Control (LAC) is disputed between India and China. China claims Arunachal… Continue reading India rebuts China on Modi’s visit to Arunachal
Category: Daily Factly articles
Pension scheme for workers in informal sector to kick-start from February 15
According to the Labour ministry notification,Pradhan Mantri Shram Yogi Maandhan (PMSYM) scheme will be open from February 15th, 2019. This scheme can be availed by the unorganised sector workers under the age of 40 years earning up to Rs 15,000 every month. The scheme provides a minimum monthly pension of Rs 3,000 after the age… Continue reading Pension scheme for workers in informal sector to kick-start from February 15
TB survivors challenge patent to end J&J monopoly
Two tuberculosis survivors from Indian and South Africa have challenged Johnson and Johnson’s application to extend the patent over Bedaquiline, in order to keep it affordable for everyone. Bedaquiline is a drug used to treat multidrug-resistant tuberculosis (MDR-TB). MDR-TB is a condition where the TB bacteria has developed resistance to most antibiotic drugs. The J&J… Continue reading TB survivors challenge patent to end J&J monopoly
Will try to lift more banks from PCA
1.The government said they will try to help lift the restrictions on other public sector banks too after the Reserve Bank of India (RBI) lifted restrictions under prompt corrective action (PCA) on three public sector banks last week. 2.The PCA framework kicks in when banks breach any of the three key regulatory trigger points —… Continue reading Will try to lift more banks from PCA
U.S. may end zero tariffs for India
1.India could lose a vital US trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies. 2.The move to withdraw the generalised system of preferences (GSP) from India, the world’s largest beneficiary of a scheme that has been… Continue reading U.S. may end zero tariffs for India
Medical devices to be treated as drugs
The Health Ministry has announced certain medical devices such as all implantable devices, CT / PET / MRI equipments, dialysis machines, will be now treated as a “drugs” as defined in Drugs and Cosmetics Act with effect from 1st April 2020. Drug & Cosmetics Act, 1940 regulates the import, manufacture and distribution of drugs in… Continue reading Medical devices to be treated as drugs
Startups to be listed for Angel tax exemption
1.The government on Friday agreed to compile a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year.2.The government has decided to raise the maximum time limit below which a firm would be deemed eligible for angle tax exemption from present 7 years… Continue reading Startups to be listed for Angel tax exemption
NATIONAL SECURITY ACT INVOKED AGAINST TWO PERSONS IN M.P FOR ILLEGAL COW TRANSPORT
1.Authorities in Madhya Pradesh Agar Malwa district booked two men under the National security Act for allegedly transporting cattle illegally and disrupted public peace. 2.The National Security Act of 1980 is an act of the Indian Parliament whose purpose is to empower both Central and State Governments to detain a person to prevent him/her from… Continue reading NATIONAL SECURITY ACT INVOKED AGAINST TWO PERSONS IN M.P FOR ILLEGAL COW TRANSPORT
Vet institute, ambulances mooted in Rs. 98 crore Asiatic Lion Conservation Project
The Ministry of Environment, Forest and Climate Change has launched the ‘Asiatic Lion Conservation Project’ . It aims to protect and conserve the world’s last wild population of Asiatic Lion – a species endemic to the Gir, Gujarat. The 3 year long conservation project which has a “Species Conservation over a large landscape” focuses on… Continue reading Vet institute, ambulances mooted in Rs. 98 crore Asiatic Lion Conservation Project
Startups to be listed for angel tax exemption
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Central Board of Direct Taxes (CBDT) soon will come up with a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year Angel tax is imposed on the excess share capital… Continue reading Startups to be listed for angel tax exemption
