According to the Global Fintech Report,India has surpassed China as the leading fintech startup hub in Asia by attracting almost 50% more funding than their Chinese counterparts. FinTech or financial technology is an industry comprising companies that use technology to offer financial services.These companies operate in insurance,asset management and payment and numerous other industries. China… Continue reading India surpasses China in fintech funding in March quarter: Report
Category: Daily Factly articles
Refurbished mobile imports certified by BIS get govt nod
India has decided to allow the import of refurbished or second mobile phones subject to the condition that they are certified by the Bureau of Indian Standards (BIS). Earlier,the government was against the import of refurbished electronics products into the country.It feared that companies may use it to dump hazardous electronic waste.Also,it would negate the… Continue reading Refurbished mobile imports certified by BIS get govt nod
Illegal GM brinjal was second crop,officials destroy plants
The Haryana horticulture department has uprooted and deeply buried the illegal cultivation of genetically modified brinjal. Recently,farmers in Haryana and experts had expressed fears of widespread contamination of GM brinjal in the state as farmer was found cultivating Bt brinjal illegally. The Bt brinjal refers to a group of transgenic brinjals created by inserting a… Continue reading Illegal GM brinjal was second crop,officials destroy plants
Taiwan legalises same-sex marriage in first for Asia
Taiwan has legalized same-sex marriage, making it the first Asian country to do so. In 2017, the Taiwan’s apex Court had ruled that same-sex couples have the right to marry under the Taiwanese Constitution. It also directed the government to make necessary changes to the law with two years. Same-sex marriage is legal in 26… Continue reading Taiwan legalises same-sex marriage in first for Asia
Heat waves to intensify in India from next year: Study
According to a recent study titled “Future Projections of Heat Waves over India from CMIP5 Models”, frequency of heat waves and their duration in India might increase from early 2020. The study has been conducted by Indian Institute of Tropical Meteorology (IITM). It has been published in the journal Climate Dynamics. The study examined nine… Continue reading Heat waves to intensify in India from next year: Study
Textile machinery expo in Africa
The India International Textile Machinery Exhibitions Society (India ITME Society) will organise ITME Africa 2020 between February 14 and 16, 2020 at Addis Ababa, capital of Ethiopia. The theme for ITME Africa 2020 is “Prosperity for AFRICA through Textile Technology”. The event is supported by both Govt. of India and Govt. of Ethiopia. The exhibition… Continue reading Textile machinery expo in Africa
Mizoram to increase maize yield despite pest outbreak
The Mizoram Agriculture Department has decided to take steps to increase maize production despite an outbreak of the Fall Army Worm (FAW) in the state. So far, FAW outbreak has infested 68% of the maize cultivation areas in Mizoram. The Fall Armyworm (FAW), or Spodoptera frugiperda is an invasive agricultural pest. It was first reported… Continue reading Mizoram to increase maize yield despite pest outbreak
Babies with low birth weight: trends in world, India
According to a study published in the Lancet Global Health,1 in 7 babies worldwide are born with a low birthweight. The study has said that more than 20 million babies are born with a low birthweight (less than 2500 g or 5.5 pounds) worldwide.Further,South Asia accounts for almost half of the world’s low birthweight live… Continue reading Babies with low birth weight: trends in world, India
Explained: Understanding Pakistan’s IMF bailout
The International Monetary Fund(IMF) and Pakistan have agreed on terms for a $6bn bailout package to be disbursed to Pakistan over a span of more than three years. Earlier,Pakistan had asked the IMF to bail itself out from a severe financial crisis that threatens to cripple the country’s economy. Pakistan has already received financial aid… Continue reading Explained: Understanding Pakistan’s IMF bailout
Crop insurance fail: only ₹8 cr. spent for NE
According to the Agriculture Ministry officials,Out of ₹1,400 crore earmarked annually for the north-eastern States under the Pradhan Mantri Fasal Bima Yojana,only ₹8 crore was actually spent last year. Further,Four north-eastern States namely Arunachal Pradesh, Nagaland ,Manipur and Mizoram are not covered under the scheme at all. The lack of coverage has left thousands of… Continue reading Crop insurance fail: only ₹8 cr. spent for NE
