The US has dragged India to the World Trade Organization(WTO) for according less favorable treatment to its products. India had levied higher tariffs on American products in response to the US imposing a global additional tariff of 25% and 10% on import of steel and aluminium product respectively. The US has said that the additional… Continue reading US drags India to WTO over duty hike on 28 American goods
Category: Daily Factly articles
Govt attempts fresh focus on FTAs, talks with U.S., EU and ASEAN negotiators next week
Indian Government will engage in three sets of important trade talks with the European Union (EU), the United States and ASEAN (Association of Southeast Asian Nations). The talks will focus on resolving its pending talks on trade and dispelling criticism that India has been protectionist and held up Free Trade Agreement(FTA) negotiations. The chief negotiator… Continue reading Govt attempts fresh focus on FTAs, talks with U.S., EU and ASEAN negotiators next week
India to host 3rd global sunflower seed meet on July 19
India will be hosting the 3rd International Sunflower Seed and Oil Conference(ISSOC) 2019 on July 19 and 20 in Mumbai. It is organized by the International Sunflower Oil Association (ISOA and will be hosted by the Solvent Extractors’ Association of India (SEA). International Sunflower Oil Association (ISOA) was established in 2015 in Rome by National… Continue reading India to host 3rd global sunflower seed meet on July 19
Invest India
Invest India’ is India’s official agency dedicated to investment promotion and facilitation. It is under Ministry of Commerce and Industry. It was formed in 2009 under Section 25 of the Companies Act 1956 Invest India is set up as a joint venture company between the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce… Continue reading Invest India
NCCR’s idea of using ‘plastic rocks’ to grow corals draws flak
The Gulf of Mannar Marine National Park authorities have rejected the National Centre for Coastal Research’s (NCCR) proposal of using the Gulf of Mannar region for field tests. NCCR had proposed dropping ‘melted plastic rocks or slabs’ on the seabed for growing coral reefs and address the problem of disposal of plastic waste. The proposal… Continue reading NCCR’s idea of using ‘plastic rocks’ to grow corals draws flak
27% of children with disabilities have never been to school: UNESCO
According to a report by UNESCO and the Tata Institute of Social Sciences (TISS), only 61% children with disabilities between ages 5 and 19 attend any educational institution. The report is based on 2011 Census data. Report states that 12% of disabled children had dropped out. 27% of the disabled children had never attended any… Continue reading 27% of children with disabilities have never been to school: UNESCO
NASA tests launch-abort system for its moon mission
NASA has successfully demonstrated the Orion spacecraft’s launch abort system. The Orion Multi-Purpose Crew Vehicle is a US-European spacecraft intended to carry a crew of four astronauts to space. The Orion spacecraft’s launch abort system test was a part of NASA’s preparation for Artemis missions to the Moon. The exercise aimed to test in almost… Continue reading NASA tests launch-abort system for its moon mission
Cabinet clears Bill that bars commercial surrogacy
The Union Cabinet has approved the introduction of the Surrogacy (Regulation) Bill, 2019. The Bill had been passed by the last Lok Sabha but lapsed after dissolution of the House. The objectives of the bill are to: a) ensure effective regulation of surrogacy, b) prohibit commercial surrogacy and c) allow ethical altruistic surrogacy to the… Continue reading Cabinet clears Bill that bars commercial surrogacy
Cabinet approves New Delhi International Arbitration Centre Bill
The Union Cabinet has approved the New Delhi International Arbitration Centre (NDIAC) Bill, 2019. The Bill provides for setting up of an independent autonomous body for institutional arbitration and to acquire and transfer the undertakings of International Centre For Alternative Dispute Resolution (ICADR) to New Delhi International Arbitration Centre(NDIAC). The proposed New Delhi International Arbitration… Continue reading Cabinet approves New Delhi International Arbitration Centre Bill
RBI sets up panel to review CICs
The Reserve Bank of India(RBI) has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC). The working group will examine (a)regulatory framework (b)enhance onsite and offsite surveillance of these companies (c)suggest changes in registration criteria including the practice of multiple CIC within a group and (d)other such… Continue reading RBI sets up panel to review CICs
