Chinese startup company iSpace has successfully launched the first commercial rocket of China into the Earth’s orbit. The successful launch of Hyperbola-1 was lifted off from Jiuquan Satellite Launch Centre with several satellites and payloads into a predetermined orbit. Hyperbola-1 has also carried the CAS-7B CubeSat.It is an amateur radio mission which is developed by… Continue reading China launches first private rocket capable of carrying satellites
Category: Daily Factly articles
Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators. He questioned the US bi-annual report calling out emerging markets for currency manipulation.He said that such labelling should not be a bilateral prerogative when multilateral institutions like the IMF exist.… Continue reading Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
Stable rupee, lower oil prices push forex reserves to all-time high
According to the government data,India’s foreign exchange reserves has reached an all-time high of $430.37 billion till July 19,2019. This surge in the foreign currency reserves was aided by the Recently conducted currency swaps worth $10 billion by the Reserve Bank of India. Further,the inflows have also come on the back of a stable rupee… Continue reading Stable rupee, lower oil prices push forex reserves to all-time high
IT Min meets industry on govt-led ‘cloud economic zone’ plan
Recently,the government has consulted with the industry representatives to understand the potential need for government-led ‘cloud economic zones’. Cloud economic zone are the geographical areas identified for the creation of data storage centres. However, Some industry representatives have expressed security concerns with placing sensitive data in restricted economic zones as this will allow for single… Continue reading IT Min meets industry on govt-led ‘cloud economic zone’ plan
NBFCs with big realty loans must rebalance books: RBI
The Reserve Bank of India(RBI) has asked non-banking finance companies(NBFCs) to bring down their lending to the real estate sector. In the finance sector,the National Housing Bank has also been keeping a watch on lending to real estate sector by finance companies.Banks too have scaled down their lending to this segment. Despite facing a credit… Continue reading NBFCs with big realty loans must rebalance books: RBI
SC orders setting up of special courts in districts with over 100 pending POCSO cases
The Supreme Court has ordered the government to set up special courts in those districts where more than 100 cases of sexual offences against children are pending. The special court will be set up under the Protection of Children from Sexual Offences (POSCO) Act. The court will only hear sexual assault cases against children and… Continue reading SC orders setting up of special courts in districts with over 100 pending POCSO cases
Earth is warming at faster pace than in last 2,000 years: study
According to studies published in the journals Nature and Nature Geoscience, world temperatures rose faster in the late 20th century than at any other time in the last 2,000 years. The paper published in Nature examined regional temperature trends over time. While, the paper published in Nature Geoscience examined rates of surface warming, averaged over… Continue reading Earth is warming at faster pace than in last 2,000 years: study
Release of India’s R&D expenditure eco-system report
The Economic Advisory Council to the Prime Minister (EAC-PM) has released a report titled ‘R&D Expenditure Ecosystem’. The report has said that the growth in research and development(R&D) expenditure should be commensurate with the economy’s growth and should be targeted to reach at least 2% of the gross domestic product (GDP) by 2022. The report… Continue reading Release of India’s R&D expenditure eco-system report
India’s first dragon blood-oozing tree
Researchers from Assam have discovered Dracaena cambodiana.It is a dragon tree species in the Dongka Sarpo area of West Karbi Anglong. This is for the first time that a dragon tree species has been reported from India. This plant yields dragon’s blood which is a bright red resin used since ancient times as medicine, body… Continue reading India’s first dragon blood-oozing tree
Cabinet approves Determination of ‘Fair and Remunerative Price’ of sugarcane payable by sugar mills for 2019-20 sugar season
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal in respect of Determination of ‘Fair and Remunerative Price’ of sugarcane payable by sugar mills for 2019-20 sugar season. The Cabinet has also approved the creation of buffer stock of 40 lakh Metric Tonnes of sugar for one year from the 1st of next… Continue reading Cabinet approves Determination of ‘Fair and Remunerative Price’ of sugarcane payable by sugar mills for 2019-20 sugar season
