A new species of jumping spiders has been spotted in Illithodu forests, Kerala. An analysis of the spiders has revealed that they belong to the genus Habrocestum. Species of the genus Habrocestum has been recorded mostly in Eurasia and Africa. It is the first time that species belonging to this genus has been found in… Continue reading Kerala forests home to new spider species
Category: Daily Factly articles
NGT seeks report on declaration of Najafgarh as wetland from Delhi and Haryana governments
The National Green Tribunal has sought action- taken report from the Delhi and Haryana State governments over the declaration of Najafgarh as a wetland. Wetlands are formed where the water table is at or near the surface of the land, or where the land is covered by water. The directions came following a plea moved… Continue reading NGT seeks report on declaration of Najafgarh as wetland from Delhi and Haryana governments
Lakshmi Vilas finds a new home in Indiabulls
The boards of Lakshmi Vilas Bank(LVB) and Indiabulls Housing Finance has approved the merger between the two to create what would be known as the ‘Indiabulls Lakshmi Vilas Bank’. The merger is subject to the approval of the Reserve Bank of India (RBI),as well as the grant of other regulatory approvals.The merged entity will have… Continue reading Lakshmi Vilas finds a new home in Indiabulls
Stressed assets circular to be revised soon
The RBI governor has said that Reserve Bank of India (RBI) will issue a revised circular for resolution of stressed assets following the Supreme Court verdict striking down its February 12,2018 circular as ultra vires which means that the RBI had gone beyond its powers in issuing the circular. The Supreme Court had said that… Continue reading Stressed assets circular to be revised soon
Linking small loans to external benchmark after further talks
The Reserve Bank has said that it will hold further discussions with banks on linking interest rates on personal,home,auto and MSME loans with the external benchmark rates. In December 2018,Reserve Bank of India (RBI) had proposed a major change in the way banks price their loans.It had said that banks will have to link the… Continue reading Linking small loans to external benchmark after further talks
Brunei’s LGBT community lives in fear
Brunei has introduced a new sharia law that makes adultery and homsexuality punishable by stoning to death.It makes Brunei the first country in Southeast Asia to have a sharia penal code at the national level.The new law mostly applies to Muslims though some aspects will also apply to non-Muslims. The features of Brunei sharia laws… Continue reading Brunei’s LGBT community lives in fear
UAE confers prestigious Zayed Medal on Narendra Modi
The United Arab Emirates (UAE) has awarded Indian Prime Minister Narendra Modi with the Zayed Medal, the highest civilian award granted by its government. PM Modi has received the award in appreciation of his efforts in maintaining strategic ties with UAE. UAE-India relations got momentum after Prime Minister Modi paid a visit to the nation… Continue reading UAE confers prestigious Zayed Medal on Narendra Modi
RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%
The six-member Monetary Policy Committee of the Reserve Bank of India has cut its benchmark policy rate,repo rate by 0.25% to 6%.Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI.The rate cut comes in the backdrop of a slowdown in consumption. demand,weakening investment activity and overall… Continue reading RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%
EC inquiry against Meghalaya Minister
The Election Commission has initiated an inquiry into alleged violation of model code of conduct by a Meghalaya Minister. He had used an official vehicle for election campaigning. According to the Model Code of Conduct, no government transport including official air-crafts, vehicles etc. should be used for electioneering work. Model code of Conduct (MCC) are… Continue reading EC inquiry against Meghalaya Minister
SC agrees to hear plea challenging release of Modi biopic
The Supreme Court has agreed to hear a plea seeking a stay on the release of the biopic “PM Narendra Modi”. The opposition parties have alleged that the release of the film ahead of elections would violate the Model Code of Conduct. The film has generated widespread debate with opposition political parties alleging that it… Continue reading SC agrees to hear plea challenging release of Modi biopic
