The National Housing Bank(NHB) has decided to infuse an additional Rs 10,000 crore into housing finance companies(HFCs) to improve liquidity in the sector. This move would enable the HFCs to provide individual loans for affordable housing. The government has also approved the budget proposal on one-time partial credit guarantee to public sector banks for purchase… Continue reading Affordable housing gets a ₹10,000-crore booster
Category: Daily Factly articles
India seeks unimpeded consular access to Kulbhushan Jadhav
India has sought an unimpeded consular access to Kulbhushan Jadhav.This comes after Indian Government had said that it was evaluating Pakistan’s proposal to grant consular access to him. There are a number of issues on which discussions are being held between Indian and Pakistan such as (a)will officials from Pakistan be present (b)will there be… Continue reading India seeks unimpeded consular access to Kulbhushan Jadhav
China threatens to retaliate against Trump tariffs
China has warned of retaliation against U.S. President announcement on imposing a fresh 10% tariff on another $300bn of Chinese goods. Tariffs are a tax on imports.They are typically charged as a percentage of the transaction price that a buyer pays to a foreign seller. The US had already applied tariffs of 25% on $250bn… Continue reading China threatens to retaliate against Trump tariffs
‘Slowdown evident, may be temporary’
HDFC Chairman has said that the economic slowdown in India which has been due to weakness in consumption demand is temporary in nature and will pick up at the onset of the festive season. According to data released by the Central Statistics Office (CSO),India’s quarterly GDP growth has declined to 5.8% in the January-March 2019… Continue reading ‘Slowdown evident, may be temporary’
Too much of reforms has led to slowdown: NITI Aayog CEO
NITI Aayog CEO has said that a huge set of reforms undertaken by the government has led to the current slowdown in the economy. He said that the reforms undertaken by government includes (a)GST (Goods and Services Tax) (b)IBC (Insolvency and Bankruptcy Code) and (c)RERA(Real Estate Regulatory Authority). He has also advocated a series of… Continue reading Too much of reforms has led to slowdown: NITI Aayog CEO
Bandipur Sanctuary now worth a staggering ₹6,405 cr.
The National Tiger Conservation Authority has released an economic evaluation of tiger reserves in India. Different methods were employed to determine the economic, scientific, educational, cultural and recreational services of the tiger reserves. The evaluation has revealed that if monetary values could be assigned to benefits generated by the Bandipur Tiger Reserve, then the value… Continue reading Bandipur Sanctuary now worth a staggering ₹6,405 cr.
Rajya Sabha Passes National Medical commission Bill
The Rajya Sabha has passed the National Medical Commission Bill, 2019 which seeks to repeal the Indian Medical Council Act, 1956. If enacted, the current Medical Council of India would be replaced by a National Medical Commission. The Commission will have four autonomous boards: a) Undergraduate Medical Education Board, b) Post-Graduate Medical Education Board, c)… Continue reading Rajya Sabha Passes National Medical commission Bill
India slips to 7th largest economy in 2018: WB
According to World Bank data, India has slipped to the 7th position in the global GDP rankings in 2018. As per earlier data, India was on the 6th position in 2017. India in 2018 had a GDP of $2.5 trillion. US was the largest economy with a GDP of $20.5 trillion in 2018, followed by… Continue reading India slips to 7th largest economy in 2018: WB
Maharashtra hyperloop gets Infrastructure project tag
The Maharashtra state cabinet has approved a proposal to declare the Mumbai-Pune Hyperloop a public infrastructure project to streamline the permissions required. It also approved the consortium of DP World FZE and Hyperloop Technologies Inc as project proponents. It will be executed Pune Metropolitan Regional Development Authority. The hyperloop is an ultra-high-speed ground transport system.… Continue reading Maharashtra hyperloop gets Infrastructure project tag
‘Hope Probe’ Arab world first mars mission in 2020: UAE
The United Arab Emirates (UAE) has announced that it will launch the ‘Hope Probe’, also known as the Emirates Mars Mission (EMM), in July 2020. It will be the Arab world’s first spacecraft to Mars. The mission aims at collecting information on Mars and meteorological layers. It also seeks to study the causes of loss… Continue reading ‘Hope Probe’ Arab world first mars mission in 2020: UAE
