The National Company Law Appellate Tribunal (NCLAT) has allowed the banks to declare the accounts of IL&FS and its group companies as non-performing assets(NPA) if they have defaulted on payments.NPA is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. However,the appellate tribunal has said… Continue reading NCLAT allows banks to declare defaulting IL&FS, group companies as NPAs
Category: Daily Factly articles
ICAT – A World Class Automotive Testing Centre
The International Centre for Automotive Technology(ICAT),Haryana, is a leading world-class automotive testing,certification and R&D service provider under the aegis of National Automotive Testing and R&D Infrastructure Project(NATRiP). ICAT is an important element of the automotive sector with its world-class infrastructure and domain expertise providing services in development,testing,validation and homologation.Further,ICAT also intends to eventually transform Centers… Continue reading ICAT – A World Class Automotive Testing Centre
New SBI rules link savings bank interest to repo rate: what has changed, why
State Bank of India (SBI) has linked its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India’s(RBI) repo rate. SBI had taken this decision even though RBI had deferred the plan to link the rate of interest to external benchmarks like the repo rate or Treasury… Continue reading New SBI rules link savings bank interest to repo rate: what has changed, why
Pepsico agrees to withdraw cases against Gujarat farmers
PepsiCo India Holdings Ltd.(PIH) has decided to withdraw cases against potato growers in Gujarat after discussions with the government.The company said that the government has assured them of long-term and amicable resolution of all issues around seed protection by the government. PepsiCo uses FC5 variety of potato for making chips.For this,PepsiCo had also entered into… Continue reading Pepsico agrees to withdraw cases against Gujarat farmers
‘Xinjiang surveillance app targets lawful behavior’
According to a Human Rights Watch report, Chinese authorities have been using a mobile app for mass surveillance to profile, investigate and detain Muslims in Xinjiang by labelling completely lawful behaviour as suspicious. This has put the Muslims in the region at risk of being penalised or sent to re-education camps. Human Rights Watch had… Continue reading ‘Xinjiang surveillance app targets lawful behavior’
Glaciers from half of world heritage sites to disappear by 2100
A study published in the American Geophysical Union’s journal Earth’s Future has predicted that glacier would completely melt by 2100 under a high emission scenario in 21 of the 46 natural World Heritage sites where glaciers are currently found. The study has noted that even under a low emission scenario, eight of the 46 World… Continue reading Glaciers from half of world heritage sites to disappear by 2100
Economy may have slowed in 2018-19: Finance ministry report
According to the Finance Ministry’s report,the Indian economy has slowed down slightly in 2018-19.The slowdown is due to (a)declining growth of private consumption (b)tepid increase in fixed investment and (c)muted exports. Further,the report has said that Indian economy needs to reverse the slowdown in growth of agriculture sector and sustain the growth in industry. The… Continue reading Economy may have slowed in 2018-19: Finance ministry report
In-flight connectivity likely in next three months
In recent months, the Department of Telecommunication (DoT) has issued licences to BSNL, Airtel, Hughes Communications India Ltd and Tata Telenet for Internet and mobile services on flights. However, air travellers need to wait few months to avail the services as the installation of equipment and their certification is under process. In-flight connectivity is offered… Continue reading In-flight connectivity likely in next three months
The Microbots Are on Their Way
Researchers at the American Physical Society in Boston has presented an army of microbots that are about the size of a speck of dust.They can walk and survive harsh conditions. Microbots is the field of miniature robotics,in particular mobile robots with characteristic dimensions less than 1 mm.The term can also be used for robots capable… Continue reading The Microbots Are on Their Way
‘Consent letters of miners’ families filed in SC’
The Meghalaya government has filed an affidavit in the Supreme Court stating that the families of the victims, who were trapped inside a rat hole mine in December 2018 and are still untraced, have consented to call off search operations. 16 miners had gone missing in an illegal rat hole mine located at Ksan near… Continue reading ‘Consent letters of miners’ families filed in SC’
