An Expert Committee on Determining the Methodology for Fixation of the National Minimum Wage, headed by Anoop Satpathy, has recommended setting the minimum wage at Rs 375 a day or Rs. 9,750 per month. The minimum wage has been fixed irrespective of sectors, skills, occupations and rural-urban locations for a family. The committee has proposed a… Continue reading Panel moots minimum wage of Rs. 375 per day
Category: Daily Factly articles
Wholesale inflation eases to 10 month low of 2.76%
According to government data, wholesale inflation declined to 2.76% in January 2019. The decline has been attributed to cheaper fuel prices. Wholesale Price Inflation tracks changes in the price of goods in stages before the retail level i.e. goods that are sold in bulk and traded between organizations instead of consumers. It is measured by the… Continue reading Wholesale inflation eases to 10 month low of 2.76%
Low velocity of cash circulation in large States hints at sluggish economy: report
According to State Bank of India report,India’s present currency circulation is at Rs 20.4 lakh crore,which is at least Rs 1.5 lakh crore lower than what it would have reached if there had been no demonetisation.Thus, any argument of cash coming back aggressively into the system and financing informal activities is not entirely correct. The… Continue reading Low velocity of cash circulation in large States hints at sluggish economy: report
India signs defence pacts with Germany and Sweden
India signed defence cooperation and security protection agreements with Germany and Sweden during the ongoing visit of Defence Minister of India. India and Sweden have concluded a security protection agreement that will enable both countries to share classified information with each other. Classified information is that which a government or agency deems sensitive enough to… Continue reading India signs defence pacts with Germany and Sweden
UAE’s Tabreed to build India’s first district cooling system in Amaravati
A UAE-based international cooling provider, Tabreed, has entered into a 30-year concession with Andhra Pradesh government to offer District Cooling solutions at Amravati, the de facto capital of Andhra Pradesh. This will be the first district cooling system in India.District cooling system distributes thermal energy in the form of chilled water from a central source… Continue reading UAE’s Tabreed to build India’s first district cooling system in Amaravati
Sabarimala case: Kerala govt. cites 1950 Travancore Act
The Kerala government have submitted in the Supreme Court that under the Travancore-Cochin Hindu Religious Institutions Act of 1950, women above 35 years of age could be a member of the Travancore Devaswom Board and this position continued till 2007 amendment which increased the age to 60 years.Therefore it is impossible to argue that women… Continue reading Sabarimala case: Kerala govt. cites 1950 Travancore Act
Supreme Court sends Delhi power tussle case to larger Bench
The Supreme Court delivered a split verdict on the issue of division of powers between the Delhi government and the Centre over control of services covering issues like transfer of officials and referred the matter to a larger bench. The major issues before the Supreme Court were (a) the power to appoint and transfer the… Continue reading Supreme Court sends Delhi power tussle case to larger Bench
SC pulls up U.P. govt for poor upkeep of Taj Mahal
The Supreme Court has directed the Uttar Pradesh government to submit a vision document for protection and preservation of the Taj Mahal within four weeks. The Taj Mahal is a white mausoleum on the south bank of the Yamuna River in Agra, Uttar Pradesh. It was commissioned by the Mughal emperor Shah Jahan for his wife,… Continue reading SC pulls up U.P. govt for poor upkeep of Taj Mahal
Foundation stone laid for Subarnarekha port in Odisha
Odisha Chief Minister has laid the foundation stone for the Subarnarekha Port. The port will be developed at Subarnarekha River’s mouth at Chaumukh, Balasore district, Odisha. It will be developed as an all-weather, deep-draft seaport to host large and heavily loaded ships The proposed port will be developed by Tata Steel and Creative Port Development… Continue reading Foundation stone laid for Subarnarekha port in Odisha
Chit Fund Bill: govt. breaches Oppn. Unity
The government has passed the Banning of Unregulated Deposit Schemes Bill, 2018. The bill was has been passed after amendments based on the recommendations of Standing Committee on Finance (SCF). The bill comes in the backdrop of menace of illicit deposit schemes duping general public over last few years in India. The bill aims to… Continue reading Chit Fund Bill: govt. breaches Oppn. Unity
