Gibraltar has released an Iranian oil tanker named Grace 1.The oil tanker was stopped by the UK navy after the government of Gibraltar suggested it was heading for Syria. Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula.It occupies a commanding position at the western gateway to the Mediterranean… Continue reading Defying U.S., Gibraltar frees Iran tanker
Category: Daily Factly articles
CBIC seeks inputs to combat ‘gift’ import duty loophole
Recently,the Mumbai Customs department has stopped clearing parcels under the gifts and samples route. According to the Foreign Trade Act,gift items of a value of up to ₹5,000 received from foreign countries to people residing in India are exempted from customs duty. However,there is no cap on the number of gifts an individual can receive.… Continue reading CBIC seeks inputs to combat ‘gift’ import duty loophole
Plastics industry seeks export schemes, tax benefits for MSMEs
All India Plastics Manufacturers’ Association(AIPMA) has said that plastics industry is under severe stress due to environmental challenges. They have asked the government for export promotion schemes for Micro,Small, Medium Enterprises(MSMEs) in the plastic sector and removal of anti-dumping duty on machines not made in India. The industry has sought allocation of 25% of the… Continue reading Plastics industry seeks export schemes, tax benefits for MSMEs
Transgender Persons (Protection of Rights) Bill, 2019
Transgender Persons (Protection of Rights) Bill 2019 aims at the social, economic and educational empowerment of transgender persons. Under the bill, transgender persons are defined as those “whose gender does not match the gender assigned to that person at birth and includes trans-men or trans-women, persons with intersex variations, gender-queers, and persons having socio-cultural identities”… Continue reading Transgender Persons (Protection of Rights) Bill, 2019
Government to launch Jal Jeevan Mission to bring piped water to households: PM Modi
Prime Minister Narendra Modi, in his Independence Day speech, has said that Rs 3.5 lakh crore will be spent in the coming years under the Jal Jeevan Mission to bring piped water to households. Jal Jeevan Mission seeks to provide safe and adequate drinking water through individual household tap connections (HarGharJal) to all rural households… Continue reading Government to launch Jal Jeevan Mission to bring piped water to households: PM Modi
Microplastics in snow raise pollution worries
Scientists have detected microplastic particles in the Arctic and the Alps. The microplastics had been carried by the wind and later washed out in the snow. The study has been published in the journal Science Advances. The high microplastic concentrations in snow has indicated significant contamination of the atmosphere. This has raised concerns about potential… Continue reading Microplastics in snow raise pollution worries
July hottest month on record for the earth
The National Oceanic and Atmospheric Administration (NOAA) has announced that July was the hottest month on record (records date to 1880). The global average surface temperature in July 2019 was 0.95 degree Celsius warmer than the 20th century average. The previous hottest month on record was July 2016. The areas that had the most notable… Continue reading July hottest month on record for the earth
Fusarium (TR4) fungus
Colombia has declared a national emergency after Fusarium (TR4) fungus was detected in soil in La Guajira. Fusarium (TR4) fungus causes Fusarium wilt disease in banana plants. It is also known as Panama disease. The fungus attacks the roots and blocks the plants’ vascular systems Fusarium (TR4) was first detected in the 1990s in Malaysia… Continue reading Fusarium (TR4) fungus
Textiles Ministry signs MoU for skill training
Ministry of Textiles has signed an MoU with 16 states to partner with it for skilling about four lakh workers as part of the ‘Samarth’ scheme. Samarth (Scheme For Capacity Building In Textile Sector) is a flagship skill development scheme of Ministry of Textiles. The objective of the scheme is to provide skill development to… Continue reading Textiles Ministry signs MoU for skill training
Report of the Competition Law Review Committee
The Competition Law Review Committee headed by Injeti Srinivas has submitted its report to the Government. Government had constituted Competition Law Review Committee in 2018 to review the existing framework and recommend changes to strengthen it. The committee has recommended a ‘Green Channel’ for faster regulatory approvals for mergers and acquisitions that may have no… Continue reading Report of the Competition Law Review Committee
