According to the data released by the Department for Promotion of Industry and Internal Trade,Foreign Direct Investment (FDI) in the medical devices sector has decreased from $439 million in 2016 to $66 million in 2018. The decrease in FDI has been attributed to the implementation of price controls in the medical devices.Further,the inflows has decreased… Continue reading Price controls hurting FDI in medical devices sector
Category: Daily Factly articles
Shipping firms seek PM’s help to stay afloat
Indian shipping companies have submitted a memorandum to the Prime Minister seeking his immediate intervention to scrap a recent notification which would force shipping companies to close down. They have said that the amended Right of First Refusal(ROF) policy equates a foreign ship taken on hire,with a ship actually owned under the Indian flag by… Continue reading Shipping firms seek PM’s help to stay afloat
RBI swap auction gets bids more than thrice the notified amount
The Reserve Bank of India has successfully concluded a second forex swap auction intended to ease liquidity conditions. The auction saw a strong demand with the Reserve Bank of India getting 255 bids worth $18.65 billion compared with the notified amount of $5 billion.Earlier,RBI had bought $5 billion through a similar swap auction. Recently,RBI has… Continue reading RBI swap auction gets bids more than thrice the notified amount
GARIA PUJA
Garia festival is an important festival for the Tripuri tribal community in the state of Tripura.This year’s Garia puja was held on 21 April,2019. The Garia Puja is usually held from the beginning of the last day of the month of Chaitra till the seventh day of the month of April(Vaishakha). The rituals which are… Continue reading GARIA PUJA
MOU signed between Ministry of AYUSH and Council of Scientific and Industrial Research
Ministry of AYUSH has signed a memorandum of understanding (MoU) with the Council of Scientific and Industrial Research (CSIR). The MOU aims for further cooperation in research on traditional systems of medicine like Ayurveda,Unani,Siddha and Homeopathy (AYUSH) and their integration with modern science. Further,the collaboration also aims to preserve and protect traditional knowledge related to… Continue reading MOU signed between Ministry of AYUSH and Council of Scientific and Industrial Research
UAE’s Hope Probe project bound for Mars is 85% complete
The UAE Space Agency and Mohammed bin Rashid Space Centre has announced that 85% of the Hope Probe project has been completed. Hope mission is a Space mission by UAE which has planned to send an unmanned probe to orbit Mars by 2021.It will become the first Arab Country to do so. The Hope Mars… Continue reading UAE’s Hope Probe project bound for Mars is 85% complete
Green tribunal order hits sand availability in Andhra Pradesh
The National Green Tribunal (NGT) had directed the Andhra Pradesh government to deposit ₹100 crore environment compensation for illegal sand mining. NGT’s direction came in the backdrop of a plea which had alleged illegal sand mining was causing damage to the Krishna and Godavari rivers and their tributaries in the state. Following NGT’s order mining… Continue reading Green tribunal order hits sand availability in Andhra Pradesh
Kim to meet Putin in Vladivostok this week
North Korean leader Kim Jong-un and Russian President Vladimir Putin will meet on 25th April in the Vladivostok, a Russian Pacific port. The main agenda of the meet is to discuss the international stand-off over Pyongyang’s nuclear programme. The last North Korea-Russia bilateral meeting was in 2011, when then President Dmitry Medvedev met Kim Jong-un’s… Continue reading Kim to meet Putin in Vladivostok this week
A ‘resort’ for endangered fishes
I.A. Raja Varma, a businessman has set up a massive pond where the endangered fish species are protected under the supervision of experts. The pond is located at Sun Ray Resorts which is situated near Bhogapuram of Vizianagaram district, Andhra Pradesh. The fish pond at Sun Ray Resorts is a safe aquarium where fish species… Continue reading A ‘resort’ for endangered fishes
Olive Ridley hatchlings make their way into sea
Recently, The Olive Ridley hatchlings began their journey into the Bay of Bengal. Olive Ridley turtles come to the shores of the Bay of Bengal to lay their eggs between December and April every year. The Olive Ridley turtles are the smallest and most abundant of all sea turtles in the world. They inhabit in… Continue reading Olive Ridley hatchlings make their way into sea
