The Reserve Bank of India (RBI) has said that banks should disclose Non performing assets(NPA) divergences if there is a more than 10% difference in their assessment of bad loans versus that of the regulator. The divergence in non-performing assets is the difference between the central bank’s assessment and the bank’s reported non-performing loans. Earlier,the… Continue reading RBI tweaks NPA divergence disclosure norms
Category: Daily Factly articles
UAE makes income only criteria for expats to sponsor families
The United Arab Emirates (UAE) has approved a new rule for expats under which foreign workers will now be able to sponsor their family members if they fulfil a certain income criteria.This move is expected to benefit lakhs of Indians. Earlier,’Professions’ was the criteria for UAE expatriates to sponsor their family.He had to be employed… Continue reading UAE makes income only criteria for expats to sponsor families
Call for poll boycott in Mizoram
An umbrella organisation of major civil societies and student associations in Mizoram have decided to boycott the April 11 election to the lone Mizoram Lok Sabha seat and organise a State-wide indefinite bandh from April 8. This decision was taken after the Election Commission of India has decided to set up 15 temporary polling stations… Continue reading Call for poll boycott in Mizoram
Facebook purges pages for ‘coordinated’ fake behaviour
Facebook has announced that it has removed over 700 pages, groups and accounts from India.The accounts taken down includes those which are associated with different political parties. Facebook said it has removed these accounts after detecting coordinated inauthentic behaviour ahead of the upcoming elections in India.It removed these pages in four separate takedowns because of… Continue reading Facebook purges pages for ‘coordinated’ fake behaviour
GST revenue hits a record high in March
Goods and Services Tax (GST) collection in March rose 15.6% from a year ago to hit Rs 1.06 lakh crore.It is the highest collection since the new indirect tax system took effect on July 1,2017. However,it is still short of the Union government’s target for the current fiscal(2018-19).The Centre had estimated the GST collections to… Continue reading GST revenue hits a record high in March
India gets surveillance satellite
ISRO’s Polar Satellite Launch Vehicle (PSLV), in its 47th mission (PSLV-C45) has launched EMISAT, from Satish Dhawan Space Centre, Sriharikota in coastal Andhra Pradesh. EMISAT is India’s first electronic surveillance satellite. EMISAT is a satellite built around ISRO’s Mini Satellite-2 bus weighing about 436 kg. It has been jointly developed by ISRO and Defence Research… Continue reading India gets surveillance satellite
Kuki militants to cast vote by postal ballots
The Election Commission (EC) has notified that the cadres of Kuki militant groups who signed Suspension of Operations (SoO) agreement with both the Centre and the Manipur government will cast their votes in postal ballots. The Suspension of Operation (SoO) agreement is a pact to ensure peace in the Kuki dominated areas in Manipur. It… Continue reading Kuki militants to cast vote by postal ballots
Core sector growth quickens in February
According to the Government data,India’s eight core industries grew by 2.1% in February 2019.It is due to fall in output of crude oil and refinery products. The eight core sectors which include (a)coal, (b)crude oil (c)natural gas (d)refinery products (e)fertilizers (f)steel (g)cement and (h)electricity had recorded a growth of 5.4% in February 2018. The data… Continue reading Core sector growth quickens in February
Election Commission takes steps so that the disabled can ride to vote
The Election Commission has taken steps to help differently-abled voters reach polling booths. The EC has decided to provide pick-up and drop facility to disabled voters in the upcoming Lok Sabha elections. The commission has developed a mobile application named as PWD, using which the voters who have enrolled themselves as persons with disabilities (PwD)… Continue reading Election Commission takes steps so that the disabled can ride to vote
Forest fires threatening Odisha’s flora and fauna
As per statistics generated by SNPP (Suomi National Polar-orbiting Partnership) satellite, there has been an increase in forest fires in Odisha. The SNPP is a weather satellite operated by the United States National Oceanic and Atmospheric Administration. The National Institute of Disaster Management (NIDM), India defines forest fire as an unclosed and freely spreading fire… Continue reading Forest fires threatening Odisha’s flora and fauna
