India’s Defence Minister had said that if bilateral talks between India and Pakistan were to happen,it will be on Pakistan Occupied Kashmir(POK). This statement shows shifts in India’s position on J&K from offensive to defensive policy.It will also put China on alert as it seeks to push ahead with its plan for China-Pakistan Economic Corridor(CPEC)… Continue reading Why New Delhi is turning up the heat on PoK now
Category: Daily Factly articles
Explained: Why the Pradhan Mantri Ujjwala Yojana was a timely policy intervention
Recently,a study has shown that Pradhan Mantri Ujjwala Yojana was a timely intervention to rectify the harm caused by Household Air Pollution (HAP). The emissions of PM2.5 generated by the burning of solid fuels in households is termed Household Air Pollution(HAP).The study claims that more than 8 lakh premature deaths occur in India every year… Continue reading Explained: Why the Pradhan Mantri Ujjwala Yojana was a timely policy intervention
IIT Kharagpur to steer Saraswati 2.0 for reuse of treated water
IIT Kharagpur will be implementing the multi-institutional Saraswati 2.0 project. The project has been funded by the European Union and the Government of India’s Department of Science and Technology and Biotechnology. The objective of the project is to identify the best available as well as affordable technologies for wastewater treatment and provide solutions to the… Continue reading IIT Kharagpur to steer Saraswati 2.0 for reuse of treated water
Tax notices to soon carry an identification number
Central Board of Direct taxes(CBDT) has said that all communications made by the tax department to tax assessees from October 1,2019 will have to carry a Document Identification Number(DIN). Document identification number(DIN) is the new system of identification number that Income tax department has introduced for the taxpayers. The DIN will be generated by the… Continue reading Tax notices to soon carry an identification number
Pakistan to approach ICJ over Kashmir issue
Pakistan has announced that it would take Kashmir issue to the International Court of Justice(ICJ). The tensions between India and Pakistan have escalated ever since India abrogated provisions of Article 370 of the Constitution to withdraw Jammu and Kashmir’s special status and bifurcated it into two Union Territories. This move comes after the United Nations… Continue reading Pakistan to approach ICJ over Kashmir issue
National Medical Commission Act has two key contradictions
Parliament has passed the National Medical Commission(NMC) Bill, 2019 which seeks to repeal the Indian Medical Council Act,1956. However,experts have said that there are two fundamental contradictions and inconsistencies in the NMC Act,2019. The first contradiction is that Section 15(1) of the NMC Act act has proposed a common exit examination called National Exit Test(NEXT)… Continue reading National Medical Commission Act has two key contradictions
Committee submits report on replacing I-T Act with Direct Tax Code
Government had constituted a committee to draft a new direct tax law to replace the existing Income Tax Act,1961.The committee was headed by Akhilesh Ranjan.It has submitted its report to the government. The objective of the task force was to draft direct tax laws in line with the norms prevalent in other countries, incorporating international… Continue reading Committee submits report on replacing I-T Act with Direct Tax Code
Govt exempts NBFCs, listed firms from debenture reserve requirements
Government has removed Debenture Redemption Reserve(DRR) requirement for listed companies,Non banking financial companies (NBFCs) and Housing finance companies(HFCs). At present,these companies have to set up a DRR to the tune of 25% of the value of their outstanding debentures.However,banking companies and financial institutions are already exempted from creating DRRs. This move will make it cheaper… Continue reading Govt exempts NBFCs, listed firms from debenture reserve requirements
National Maritime Domain Awareness (NMDA) Project
Defence minister has visited the Information Management and Analysis Centre(IMAC) and Information Fusion Centre – Indian Ocean Region (IFC-IOR) located at Gurugram. The two centres are under the National Maritime Domain Awareness (NMDA) Project.The NMDA project was launched in accordance with the vision of Prime Minister under SAGAR (Security And Growth for All in the… Continue reading National Maritime Domain Awareness (NMDA) Project
RBI plans to formalise linking of new loans to repo rate
The Reserve Bank of India(RBI) is considering asking banks to link loans to an external benchmark such as the repo rate to improve transmission of policy rates and foster economic growth. Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI. Currently,bank loans are linked to marginal… Continue reading RBI plans to formalise linking of new loans to repo rate
