India’s semi-high-speed train Gatimaan Express will now be actively promoting elephant protection in partnership with Wildlife SOS. Seats on the train now carry the message “Joy rides on elephants is elephant abuse”. In 2018,the Animal Welfare Board of India, Ministry of Environment, Forest and Climate Change, had published a report about the dire conditions of… Continue reading Elephant protection campaign gets a ‘Gatimaan’ push
Category: Daily Factly articles
States overall deficit set to decline in FY20: Economists
State Bank of India(SBI) Economists has said that states have managed to contain the fiscal deficit at the aggregate level for FY20.All the states have projected a decline in fiscal deficit next year,except Odisha,Assam and Uttarakhand.Despite the increase,these three states are keeping the fiscal deficit below 3%. The factors that helped in reducing fiscal deficit… Continue reading States overall deficit set to decline in FY20: Economists
IAF to showcase its indigenously developed LCA fighter jet at Malaysia expo
Langkawi International Maritime Aero Expo (LIMA-2019) is being held in Langkawi,Malaysia.The Indian Air Force is participating in the Maritime Aero Expo for the first time during which it will showcase its indigenously developed LCA Tejas fighter aircraft. Langkawi International Maritime and Aerospace Exhibition (LIMA) is a maritime and aerospace exhibition that takes place once every… Continue reading IAF to showcase its indigenously developed LCA fighter jet at Malaysia expo
RBI again defers Ind AS implementation by banks
The Reserve Bank of India has again deferred the implementation of the Indian Accounting Standards (Ind AS) by banks as the requisite legislative amendments are still under consideration. The implementation of the new accounting rules require certain legislative changes in the format of financial statements to comply with disclosures under Ind AS.The change in format… Continue reading RBI again defers Ind AS implementation by banks
Govt. earns ₹85,000 crore from disinvestment, overshoots target
Government has exceeded the disinvestment target of Rs 80,000 crore set for the Financial Year 2019,which ends in March.Disinvestments have touched ₹85,000 crore which is Rs 5,000 crore more than the set target.The next financial year’s disinvestment target has been set at Rs 90,000 crore. The government was able to reach its target after it… Continue reading Govt. earns ₹85,000 crore from disinvestment, overshoots target
Coming,a law to empower forest staff
The Union Government has proposed the draft law called as Indian Forest Act,2019.The act is seen as an amendment to the Indian Forest Act,1927.The draft law proposes to restore higher management powers and a degree of veto power with the forest bureaucracy. The act says that (a)forest-officer not below the rank of a Ranger shall… Continue reading Coming,a law to empower forest staff
UN rights body grants Sri Lanka two more years to set up war crimes probe
The United Nations Human Rights Council (UNHRC)has passed by consensus a resolution to grant Sri Lanka another two years to set up a credible war crimes investigation into the civil war.Further,Tamil national Alliance has demanded the government of Sri Lanka to adhere to the commitments and include foreign judges in a judicial mechanism to probe… Continue reading UN rights body grants Sri Lanka two more years to set up war crimes probe
Fitch cuts India GDP growth forecast for FY20 to 6.8%
Global rating agency Fitch has cut its India’s Gross domestic product(GDP) growth forecast to 6.8% for 2019-20 from the earlier estimate of 7%.It was cut due to weak momentum in manufacturing and agriculture.However,it said India’s economic growth is expected to be 7.1% in 2020-21. The weak momentum has been due to (a)credit availability has tightened… Continue reading Fitch cuts India GDP growth forecast for FY20 to 6.8%
Indian Statistical Institute submits report on VVPAT to Election Commission
The Indian Statistical Institute (ISI) has submitted its report to the Election Commission on the number of Voter Verifiable Paper Audit Trail (VVPAT) machine slips that should be matched with Electronic Voting Machine(EVM) results to enhance voters confidence.At present,VVPAT slips in one randomly chosen polling station per constituency are tallied with EVM results. The report… Continue reading Indian Statistical Institute submits report on VVPAT to Election Commission
European Union offers UK more time to leave the bloc
The European Union has agreed to grant Britain a short Brexit delay.It removes the immediate threat of the United Kingdom leaving the EU without a deal by March 29,2019. EU has told UK Prime Minister that if she gets her Brexit deal passed through the Parliament next week,the UK PM will have until May 22… Continue reading European Union offers UK more time to leave the bloc
