Corporate Affairs Secretary has said that majority of corporate insolvency cases have been resolved and the focus is now on resolving personal insolvency. Insolvency is a term for when an individual or organization can no longer meet its financial obligations with its lender as debts become due.There are different types of insolvency procedure for individuals… Continue reading Focus is now on personal insolvency: Injeti Srinivas
Category: Daily Factly articles
India ranks 76th on WEF’s global Energy Transition index; Sweden on top
India has been ranked 76th out of 115 countries on 2019 Global Energy Transition Index(GETI).The index is released by the World Economic Forum (WEF).It ranks 115 countries on how well they are able to balance energy security and access with environmental sustainability and affordability. India has moved up two places from 78th last year.India is… Continue reading India ranks 76th on WEF’s global Energy Transition index; Sweden on top
Norms soon for regulatory sandbox for fintech sector
Addressing the Fintech conclave,Reserve Bank of India Governor said that RBI will release the guidelines for the creation of a ‘regulatory sandbox’ for the fintech sector. NITI Aayog had organised FinTech Conclave.The objective was to deliberate steps for India’s rise in Financial Technology (FinTech) and to deepen financial inclusion. FinTech or financial technology is an… Continue reading Norms soon for regulatory sandbox for fintech sector
Golan Heights belong to Israel:US
US President has signed a proclamation officially recognising Israel’s annexation of the Golan Heights.The latest move reverses the position U.S. administrations have held for more than 50 years. Golan Heights is located in the southwest tip of Syria.It shares a border with Lebanon,Jordan and Israel.Majority of the inhabitants are from Druze faith who are mostly… Continue reading Golan Heights belong to Israel:US
U.S.-China trade war poses the biggest risk to global stability, says IMF official
The International Monetary Fund(IMF) official has said that trade war between the United States and China poses the greatest risk to global stability.The ongoing trade war has affected the flow of billions of dollars of goods between the two countries. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or… Continue reading U.S.-China trade war poses the biggest risk to global stability, says IMF official
No clinical trials in India for new drugs approved in select developed markets
Union Ministry of Health and Family Welfare has issued Drugs and Clinical Trials Rules,2019. The new rules say that new drugs approved for use in the EU,UK,Australia, Japan and the US will be automatically allowed in India provided clinical trials included Indian patients.The move is expected to reduce the time taken by pharma firms to… Continue reading No clinical trials in India for new drugs approved in select developed markets
DRDO satellite that will sniff out enemy radars to be launched on April 1
Indian Space Research Organisation (ISRO) will launch electronic intelligence satellite Emisat of Defence Research and Development Organisation (DRDO) on 1 April 2019.It will be launched along with 28 third party satellites on board of new variant of Polar Satellite Launch Vehicle (PSLV) rocket with four strap-on motors. The 28 international customer satellites are from four… Continue reading DRDO satellite that will sniff out enemy radars to be launched on April 1
IRDAI moots public disclosure norm
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a draft detailing the Public disclosure norms.The draft requires insurers to share details about their financials performance at specified intervals.These norms are proposed to be implemented from 2019-20. IRDAI has said that the objectives of the norms is to (a)ensure safety of policyholders (b)serve… Continue reading IRDAI moots public disclosure norm
Chinook will improve reaction capabilities,says IAF
The Indian Air Force has inducted four CH-47 Chinook choppers from the United States.The Chinook choppers will be used for various military purposes including deploying of troops and machinery at high-altitude locations along the India-Pakistan border. Chinook helicopters are an advanced multi-role,vertical lift military helicopter manufactured by US aerospace company Boeing.It is twin-engined,tandem rotor,heavy-lift helicopter.It… Continue reading Chinook will improve reaction capabilities,says IAF
Sabarimala: SC rejects Kerala plea on cases
Sabarimala issue, pending before the Kerala High Court, to the Supreme Court. The petitions filed in the Kerala High Court had raised objections about the deployment of police forces and imposition of Section 144 CrPC (Power to issue order in urgent cases of nuisance or apprehended danger) to restrain agitators and grant safe passage to… Continue reading Sabarimala: SC rejects Kerala plea on cases
